214. Difference Between Offset and Redraw Accounts
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we tackle one of the most common questions we receive: what's the difference between offset and redraw accounts? While both reduce the interest you pay on your mortgage, understanding the crucial differences could save you significant money down the track. In this episode, we break down how each account works, explain why your repayments stay the same even with money in offset, and reveal the critical tax implications that catch homeowners off guard when their circumstances change. Using real-world...
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213. The Power of Catch Up Super Contributions
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we break down catch-up concessional contributions—a government initiative that lets you maximize unused super contribution caps from the past five years. Perfect for anyone who's taken a career break, sold an investment property, or simply wants to optimize their tax position. We show you how to turn a capital gain windfall into retirement wealth at just 15% tax instead of your marginal rate. We explain why timing matters, how to track your unused caps on MyGov, and the critical mistakes that can cost...
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212. How to Protect Your Family’s Future Without Overpaying for Insurance
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we reveal how to find the sweet spot: protecting your family adequately without draining your finances. Drawing from years of reviewing client insurance policies, we expose the most common mistakes—from relying solely on inadequate default super cover to over-insuring for circumstances that no longer apply. You'll discover how insurance needs evolve with life stages, how to structure policies tax-efficiently, and practical strategies to reduce premiums without sacrificing protection. Whether you're just...
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211. Retirement Planning Has Changed - Why 60 Is the New 50
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we challenge everything you thought you knew about retirement planning. With Australians now living 25-30 years in retirement instead of 10-15, the old model of "save a lump sum and make it last" is dangerously outdated. We explore why income sufficiency matters more than capital targets, how to structure your drawdown across different lifestyle phases, and why superannuation's tax advantages completely change the game. From bucketing strategies to protect against volatility, to the 4% rule and sequencing...
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210. Market Wrap
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we cut through the noise to explain what's really driving global investment markets. We break down why US markets surged 3.2% despite mixed signals, what inflation trends mean for your money, and why Australian rate cuts aren't coming anytime soon. You'll understand the disconnect between strong corporate earnings and economic uncertainty, plus discover what China's growth and rare earth deals mean for Australian investors. Tune in to get the clarity you need to make smarter investment decisions. - This...
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209. The Power of Compounding - Why Starting Now Beats Starting Big
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we break down how compounding really works, using real examples to show why starting early matters more than starting big. We explain the Rule of 72, share Warren Buffett's wealth story, and discuss why most people struggle to grasp how powerful compounding can be. We also cover the psychology behind delaying investment, the importance of dividend reinvestment, and why superannuation works so well as a compounding vehicle. Listen to this episode to understand why the best time to start investing was...
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208. How do you manage upsizing your family home
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we break down the mechanics of upsizing your family home. We walk through the classic dilemma of whether to buy first or sell first, exploring the pressures that come with each approach. We cover bridging loans, equity releases, matching settlement dates, and the hidden costs most people don't anticipate. We also discuss how to fund the gap between properties, what happens when you need to service two mortgages at once, and practical strategies like converting your current home to an investment property or...
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207. How the rich stay rich - Tax-efficient investment strategies
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we pull back the curtain on the tax strategies that help wealthy Australians preserve their wealth. We walk through the importance of after-tax returns, not just what you earn but what you keep after the tax office takes its share. We cover different investment structures available in Australia, from discretionary trusts to superannuation, and why choosing the right structure early matters more than most people realize. We discuss good debt versus bad debt, the timing of asset sales, and how to create...
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206. Everything you need to know before buying your first property
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we walk through the reality of property ownership in today's market. We discuss why mortgage means "life debt" in Latin and whether that's more accurate than ever. We cover getting pre-approvals, understanding what you can actually afford versus what banks will lend you, and strategies like rentvesting that never existed before. We explore government schemes, stamp duty concessions, and the debate around paying mortgage insurance now versus waiting to save a larger deposit. We also break down the practical...
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205. Using debt to invest in shares - Margin Loan
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we dive deep into margin lending - a tool that lets you borrow money using your share portfolio as security. We break down how it works, comparing it to traditional property loans. We explore the benefits like magnifying your investment gains and tax deductibility, but we don't shy away from the serious risks. We also talk about margin calls - the scary scenario where lenders can force you to sell investments or add more money when your portfolio drops in value. We cover practical risk management...
info_outlineWelcome back to another episode of the 360 Money Matters Podcast!
In this episode, we dive into how business owners can turn profit into personal wealth. We explore the dangers of reinvesting every dollar back into your business without building wealth outside of it, and the risks of assuming your business will always remain profitable or sellable. We discuss the importance of paying yourself first—treating yourself like a creditor by consistently diverting a portion of your profits into other assets like property, shares, or superannuation. We emphasize that while business owners are used to paying themselves last, developing the habit of wealth-building outside the business can safeguard against disruptions, provide asset protection, and support better retirement outcomes. We also cover strategies for asset allocation, tax minimization, and estate planning, reinforcing the value of long-term planning and diversification.
Start building your personal wealth today by paying yourself first and diversifying your business profits—because your future shouldn’t depend solely on your business.
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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 Akumin Financial Planning – AFSL 232706
Episode Highlights
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Why relying solely on your business for long-term wealth can be risky
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The importance of paying yourself first and building wealth outside your business
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Common pitfalls business owners face by reinvesting all profits back into the business
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How to choose between investing in property, shares, or superannuation
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The role of asset protection and tax minimization in wealth strategy
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Why superannuation should be a key part of your financial plan
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The psychological impact of selling a business without prior investing experience
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Practical steps to start extracting profit and creating personal wealth now
Connect with Billy and Andrew!
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