191. Decoding Division 296 - What High-Income Earners Need To Know
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we unpack Division 296 and what it means for high-income earners, particularly those with superannuation balances exceeding $3 million. We explore how this proposed legislation, though not yet law, is likely to impose a 15% tax on unrealized gains in superannuation, essentially taxing people on growth in asset value even if nothing has been sold. We walk through examples involving property and SMSFs to highlight how problematic this is, especially for illiquid assets like farms and factories. We also...
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190. Financial Planning For Blended Families
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the often-overlooked complexities of financial planning for blended families. We discuss real-world scenarios where poor communication and lack of planning led to emotional and financial turmoil, including disputes over inheritance, ownership of family homes, and complications arising from remarriages and superannuation nominations. Emphasizing the importance of open dialogue, legal clarity, and professional advice, we highlight how proactive estate planning—especially in blended family...
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189. Interest Rates Have Been Falling - What Should Mortgage Holders Consider
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we unpack what falling interest rates really mean for mortgage holders and how we can make the most of the changing financial landscape. We look at the Reserve Bank of Australia's recent rate cuts, driven by a push to curb inflation and boost the economy and break down the key actions borrowers should consider. We highlight the importance of checking whether your lender has passed on the full rate cut, caution against extending your loan term when refinancing, and explain why keeping your repayments steady...
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188. Turning A Side Hustle Into A Business
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed turning a side hustle into a full-fledged business. We explored the importance of validating the business idea and achieving consistent income before quitting a day job. We emphasized the need for separating personal and business finances, understanding tax obligations, and planning for growth rather than just survival. We also highlighted the significance of considering insurance, superannuation, and long-term financial planning, including strategies for drawing income from the business and...
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187. Market Wrap
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we explore into a comprehensive market wrap for May, examining global economic shifts and what they mean for investors. We discuss the S&P 500’s sharp rebound of 5.89%, which, while impressive, mostly recovers previous losses, and we explore growing investor caution amid U.S. political unpredictability, especially tariff threats from Donald Trump that could impact companies like Apple and broader market confidence. We also look at China's...
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186. Raising Financially Savvy Children
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the crucial topic of raising financially savvy children. We explore how our behaviors as parents shape our kids’ understanding of money and share practical strategies to teach financial literacy at various ages. We talk about the importance of modeling good habits, encouraging earning through chores, differentiating needs from wants, and using tools like spending, saving, and giving jars or modern digital alternatives to build strong financial foundations. We also discuss how conversations...
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185. Behind The Scenes of Your First Financial Advice Meeting; What To Expect & Prepare
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we go behind the scenes of what your very first financial advice meeting looks like. We kick things off with a lighthearted tribute to Warren Buffett’s retirement, before diving into the real topic—what to expect when meeting a financial advisor. We explain that financial advice isn’t just about investing; it’s about understanding your lifestyle, values, goals, and personal circumstances to build a strategy tailored to you. We walk through the types of questions we ask, the documents you should...
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184. To Join Or Not To Join Finances
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the intricacies of managing finances within a relationship, presenting three main approaches: fully merging finances, maintaining separate accounts, or adopting a hybrid model. We evaluate the pros and cons of each option, highlighting how joint finances promote transparency and simplicity, while separate accounts can foster independence but may lead to complications in wealth generation and financial visibility. Also we dive into the unique challenges faced by older couples, including...
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183. How to Manage a Career Break
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we dive into how to manage a career break, exploring the financial, emotional, and strategic steps needed to prepare for both planned and unexpected time away from work. We discuss everything from building a cash buffer and understanding government support, to maintaining insurance, investing wisely during a break, and handling the emotional impact of a reduced or paused income. We also cover strategies for resetting your financial foundation when returning to work and adjusting your long-term goals. ...
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182. Should I have a Self Managed Superfund
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the world of self-managed super funds (SMSFs) and ask the big question: should we have one? We unpack the essentials — what an SMSF is, how it differs from regular super funds, and the pros and cons of managing your own fund. We explore the control and flexibility that come with SMSFs, including the ability to invest in assets like property and collectibles, but also the responsibilities, risks, and higher costs that follow. From setup fees and compliance obligations to investment strategy...
info_outlineWelcome back to another episode of the 360 Money Matters Podcast!
In this episode, we wrap up our three-part series by diving into the key financial considerations for your 50s. We explore how to gain retirement clarity, identify your "freedom number," and weigh up quality of life versus grinding out a few more years of work. We cover strategies like optimizing superannuation contributions, planning debt elimination, managing lifestyle creep, and transitioning investments from growth to income. We also touch on the importance of estate planning, the financial realities of supporting aging parents or adult children, and preparing for rising healthcare costs. It’s all about setting up the next phase of life with confidence, clarity, and flexibility.
Ready to future-proof your finances? Tune in now to make your 50s count!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
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Why gaining retirement clarity is about more than just the money
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How to determine your “freedom number” and what lifestyle you want
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Strategies for maximizing super contributions and minimizing tax
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The importance of a clear debt elimination plan before retiring
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Managing lifestyle creep during peak earning years
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Transitioning from growth to income-focused investments
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Why estate planning and supporting both parents and adult kids matters
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