360 Money Matters

Welcome to the 360 Money Matters podcast where Financial Planners, Billy Amiridis and Andrew Nicolaou talk all things Financial Planning. This podcast aims to increase your knowledge and confidence with all thing’s money. Each week we will cover topics such as investing, cashflow and budgeting, saving, passive income, debt management, and much more so you can live life on your terms without limits.

146. The Benefits of Commercial Property Investment 07/23/2024

146. The Benefits of Commercial Property Investment Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Vicki Likoudis from True North Advocacy shares her diverse background in small business, property development, and advocacy, emphasizing the link between business and commercial property in her career. She discusses different types of commercial property while highlighting the key attributes of commercial property: better cash flow, tenant-paid expenses, longer leases, and potential for capital growth, which set it apart from residential property. Vicki explains the benefits of using a commercial buyer's advocate, including specialized knowledge, focus on investment potential, and thorough due diligence on properties and tenancies. Learn more about the benefits with a commercial buyer's advocate by listening to this episode today! - 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 About Vicki Likoudis Different types of commercial property Typical commercial property clients Attributes of commercial property Benefits of using a buyer's advocate Increased interest in commercial property from residential investors Do's and Don'ts of Buying Commercial Property About Vicki Likoudis With a diverse property and business background, Vicki has developed a finely-tuned craft and passion for assessing and buying property, 15 years in the making. Her focus is always on exceptional client outcomes and lasting relationships and is highly regarded as a valued advisor and mentor in her community. Prior to forming True North Buyer's Advocacy, Vicki held the position of CEO for a leading sustainable property developer in Melbourne, reinforcing her passion for connecting people to the right buying outcomes. Her astute buying approach centers on diligent research, tenacity, intelligent negotiation and a commitment to getting the absolute best result for her clients. Whether it’s securing your business property or a commercial property investment, Vicki’s primary goal is to guide your buying confidence with clarity so you can cut through the noise, purchase with confidence and find the best property for you and your goals. Connect with Vicki Likoudis: Website | Linked In | Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/32257642

145. Average Super balance For Your Age 07/16/2024

144. Considerations When Buying Investment Property 07/09/2024

144. Considerations When Buying Investment Property Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed the important considerations when buying an investment property. We emphasized the need to align the property purchase with long-term financial strategies and goals. This includes understanding the financial impact on household budgets, getting finance approved, considering the pros and cons of different ownership structures, and knowing the potential cash flow implications. We also highlighted the value of professional advice, such as using buyer advocacy services, and the importance of having adequate financial buffers to manage unexpected expenses and market changes. Additionally, we stressed the necessity of a risk mitigation strategy and cautioned against making emotionally driven investment decisions. Discover the value of professional advice, the importance of financial buffers, and the necessity of a solid risk mitigation strategy. Don't miss out—listen now and make informed decisions for your investment future! - 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 Importance of financial considerations before buying an investment property Aligning investment property with long-term wealth creation strategy Finance approval and budgeting Different ownership structures Using buyer advocacy services Cash flow buffers and risk mitigation strategies High costs associated with buying and selling properties Avoiding emotional investment in property decisions Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/32062447

143. What To Do With Stage 3 Tax Cuts 07/02/2024

142. Manage Inconsistent Cashflow 06/25/2024

142. Manage Inconsistent Cashflow Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we tackle the complexities of managing cash flow with irregular income. For those that are self-employed, earning commissions or bonuses, this can be a difficult thing to manage. We discuss the pitfalls of using credit card debt and stress the importance of appropriate cash flow management from the outset to avoid financial traps. The Cash Flow Bootcamp is recommended for detailed guidance on these strategies. For couples with mixed income types, we advise using regular income for fixed expenses and irregular income for variables and investments, while emphasizing the necessity of discipline and planning. Furthermore, we cover the potential benefits of irregular income, like using bonuses for investments or debt repayment, along with examples of clients who have successfully managed their finances. The episode concludes with a summary, urging listeners to seek help with managing irregular income and to engage with future content. Don't navigate the complexities of irregular income alone. Join us for detailed guidance and practical strategies to secure your financial future. - 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 Challenges of managing irregular income Strategies for managing irregular income Bucketing strategy and cash flow bootcamp Managing finances in a relationship Benefits and challenges of irregular income Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/31880367

141. Market Wrap 06/18/2024

140. Active and Index Investments 06/11/2024

139. Employee Share Schemes 06/04/2024

138. Tax Planning for EOFY 05/28/2024

138. Tax Planning for EOFY Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed the end of the financial year and tax planning tips, focusing on the effective utilization of superannuation. Key points included maximizing contributions, leveraging concessional and non-concessional caps, and using catch-up contributions before deadlines. Superannuation was emphasized for future financial stability through tax planning strategies like pre-tax contributions. We also discussed government co-contributions to boost super balances for low to middle-income earners, spouse contributions for tax benefits, and planning ahead for optimal results with approaching deadlines. Furthermore, we recommended managing working from home expenses, adhering to good record-keeping practices, and seeking early advice from professionals for effective long-term tax strategies. Don't miss out on essential tips to maximize your financial stability and make the most of your superannuation! Listen now and take control of your financial future! - 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 Considerations for superannuation contributions Catch-up contributions and maximizing concessional contribution caps Importance of strategic planning and contribution strategies Capital gains tax events and planning for tax efficiency Keeping receipts for potential tax deductions Reviewing budgets and financial plans Importance of early planning and collaboration with tax advisors Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/31489297

137. Changes to superannuation limits on 1 July 2024 05/21/2024

136. Property Guest (Marcel) 05/14/2024

136. Property Guest (Marcel) Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Marcel Dybner, a Partner at Besser+Co Estate Agents in Melbourne, recounts his journey starting from a challenging rental experience that steered him towards making a positive impact. Initially focusing on sales, he entered property management before joining Dion at Besser & Co. He addresses the current property market dynamics, where increased interest rates and landlord pressures are prompting property sales. Furthermore, the strategies for selecting attractive properties are emphasized, highlighting factors like location, livability, and future development potential. Auction insights reveal varying bidding tactics, with some opting for aggressive early bids and others strategic late entries. Notably, there's a trend towards single-level homes due to the convenience they offer to an aging population. Marcel underlines the importance of seizing investment opportunities aligned with personal goals and financial considerations amidst debt levels and economic uncertainties. Listen to the full episode for insightful perspectives on navigating the property market and making informed investment decisions. _ 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 About Marcel Dybner Overview of Besser and Co. Estate Agents Property market trends and challenges Factors influencing property purchases Property development and investment strategies Property selection based on client needs Financial considerations and discussions on loan repayments About Marcel Dybner Marcel is a Partner at Besser+Co Estate Agents in Melbourne and has been recognised as a leader in the Real Estate industry. Along with his own blog, he has been published in The Age, Sydney Morning Herald, Business Insider, Smart Company, Property Observer and a host of other publications. He was most recently on the cover of Elite Agent Magazine and featured in their ‘Every Agent has a Story’ series alongside Million Dollar Listing LA (MDLLA) brothers Matt & Josh Altman. Property represents most people's largest single asset and handling its tenancy carries significant responsibilities. Marcel strives to deliver superior service through constant communication with clients, achieving excellent rental returns and the best results possible. His drive, along with his ability to communicate both with and between parties in an approachable manner, provides Marcel and his clients with a competitive market edge. Connect with Marcel: Website | Linked In | Instagram | Twitter | Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/31282832

135. Protecting Your Assets 05/07/2024

134. Rentvesting 04/30/2024

133. Market Wrap 04/23/2024

133. Market Wrap 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 discuss the latest trends in global investment markets. We examine the S&P 500's decline of 2.47% and its connection to inflation, which came in at 0.4%, while addressing the shifts in interest rate expectations and potential recession signals such as the Mel and SAHM rules. In Australia, the ASX 200 saw a minor decline of 0.79%, mirroring the US market, while rising inflation is outpacing income growth. There is also an increase in metals and mining, and precious metals prices, particularly gold, as a hedge against market volatility. It is important to level-headedness during economic uncertainty and preparing for potential recessions. So seek financial advice to navigate the current climate in this episode. Join us now! _ 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 Discussion on changes in the US stock market Discussion about recession signals like the Mel Rule and SArm Rule Concerns about rising unemployment and potential economic downturn. Australian market reacting to the US market trends Income growth challenges in Australia Anticipated increase in financial advice needs during economic uncertainty Strategies for households to manage rising costs and potential recession impact Discussion on the metals mining industry, focusing on iron ore and China's demand Recent market trends showing signs of concern and fluctuations in money markets Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/30949143

132. Asset Rich & Cashflow Poor 04/16/2024

131. Maximising Age Pension 04/09/2024

130. Equity to Invest 04/02/2024

129. Bought a Property, What is Next? 03/26/2024

128. F.I.R.E Movement 03/19/2024

127. Insurance Inside vs. Outside Super 03/12/2024

126. Market Wrap 03/05/2024

126. Market Wrap 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 discuss the intricate dynamics of the global economy and its effects on financial markets. Observing the impressive growth in the US market despite minimal macroeconomic updates, we discuss the need for policymakers to carefully consider interest rate decisions. With inflation concerns looming in the US and negative sentiment prevailing in China, a broader global economic slowdown becomes apparent, as evidenced by countries like Japan and the UK entering technical recessions. Furthermore, we talk about how Australia's recent earnings season showed a mix of good and bad results, along with a small increase in unemployment. We also discuss how the Reserve Bank of Australia is being careful about interest rates, hoping for a smoother economic recovery, even though some worry about a recession. Listen and get deeper information about the importance of a balanced and informed approach to financial planning amidst these uncertain economic times. - 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 Discussion about the US market and its performance in February Inflation and its impact Speculation on potential rate cuts in the US Discussion on economic slowdown in various countries Speculation on possible recession in the global economy Mention of mixed results and lack of clear themes in Australia Discussion on retail data and its implications Analysis of unemployment rates in Australia RBA's approach Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/30230603

125. Land Tax Changes 02/27/2024

124. Before & After Tax Super 02/20/2024

123. Estate Planning 02/13/2024

123. Estate Planning Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore estate planning, dispelling the misconception that it's solely about who will inherit your assets. We stress the need for professional assistance in creating a valid will to document wishes accurately. We also highlight concerns regarding inheritance taxation, particularly in superannuation cases, where non-tax dependents may face taxable status. Additionally, we advise seeking professional advice and introduce a strategy called a recontribution strategy. This strategy, if certain conditions are met, can alter the superannuation status, potentially avoiding or minimizing taxes when the proceeds are distributed to non-dependents. In conclusion, we suggest having transparent conversations with beneficiaries to communicate the reasoning behind decisions in the estate plan. Individuals should also consider the importance of seeking professional guidance and conducting regular assessments of the plan. Discover the secrets of estate planning on our latest episode! We break down myths, share tips on dividing assets, tackle tax complexities, and reveal strategies to cut down on taxes. Don't miss out on expert insights—listen now to make your estate planning decisions smarter and simpler! - 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 Importance and complexity of estate planning Importance of engaging with a professional for valid wills Enforceability of estate plan Importance of reviewing the estate plan periodically Challenges of equalization and considering various factors Ensuring beneficiary nominations align with future wishes Importance of discussing the estate plan with beneficiaries Testamentary trusts and their uses Consideration of wishes and goals for the estate plan Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/29905188

122. Market Wrap 02/06/2024

122. Market Wrap 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 discuss the US market reaching all-time highs and a strong GDP growth of 3.3%, along with the potential interest rate cuts in the US and Australia. We also talk about Australia's controversial stage three tax cuts. We discuss the importance of consistent governance and the potential impact on trust in political promises. In China, economic worries lead to a $278 billion support package for the stock market, while the Evergrande Building Company faces liquidation, which impacts the economy. Furthermore, we mention the Australian market, represented by the ASX that was relatively flat in January, down 0.54%, but shows signs of overall health. The government's reconsideration of promised legislative changes sparks criticism, with concerns about the impact on financial planning and the challenges of navigating a changing tax landscape. We believe in the importance of consistent governance and the potential impact on trust in political promises. Join us as we explore market wrap, offering a deeper understanding of economic forces. Don't miss this insightful analysis and the reminder to stay informed in the ever-changing financial landscape! - 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 US market hitting all-time highs GDP growth in Q4 and its implications Market expectations and stability of interest rates How inflation is interconnected with other economic factors The relationship between economic growth and rate cuts Legislated stage three tax cuts Rental market and the importance of cash flow Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/29801048

121. Negative Gearing 01/30/2024

121. Negative Gearing Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we dig into the concept of negative gearing in property investment. We define negative gearing as incurring an income loss on a property with the anticipation of capital growth. Additionally, we provide an example to illustrate how it operates and highlight that depreciation can be claimed as an expense, even if the property is in a positive cash flow position. We also discuss some drawbacks, including increased risk, negative cash flow in today's environment, and the significance of selecting the right property for capital appreciation. Furthermore, we underscore considerations such as cash flow support, personal money management discipline, adequate insurance, risk tolerance, time frame for holding the asset (preferably 10+ years), and the notion that higher income earners may benefit more from this strategy. We strongly encourage listeners to seek advice before implementing a negatively geared strategy, as it demands careful planning and assessment of individual circumstances. Whether you're a seasoned investor or just starting out, this episode is packed with valuable information. Don't miss out – hit play now and take a step closer to informed and strategic property investment! - 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 About negative gearing Example of how a negatively geared property works Advantages and drawbacks of negative gearing Importance of contingencies and strong money management skills Who should consider negative gearing and the factors to take into account Alternative investment strategies Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/29714303

120. Investing Through a Trust or personally 01/23/2024

120. Investing Through a Trust or personally Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the pros and cons of investing in your own name versus a trust. We focus on two commonly utilized types of trusts: unit trusts and discretionary/family trusts. Unit trusts distribute income based on ownership of units, while discretionary trusts allow for flexibility in distributing profits. The main advantages of using a trust include asset protection and tax minimization through strategic income distribution among family members. However, it is important to consider the complexity and costs associated with setting up and running a trust, as well as its potential impact on borrowing capacity. Planning ahead is crucial, taking into account both current circumstances and future scenarios when deciding whether to use a trust for investment purposes. Ready to make informed decisions about your investments? Dive deeper into the world of trusts and investment strategies by tuning in to our episode! - 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 Types of trusts (Unit, Discretionary/Family) Asset protection and tax benefits associated with trusts How does a discretionary trust work Flexibility in income distribution Planning ahead for capital gains Costs associated with establishing and running trusts Considering the long-term implications and benefits of trust Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/29613458

119. Investment Bonds 01/16/2024

118. Income vs Capital Growth Assets 01/09/2024

118. Income vs Capital Growth Assets Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the difference between income and capital growth assets. We explain that capital growth refers to the increase in the value of an asset over time, while income is usually received in the form of dividends or rent. We also mention that these principles apply to other asset classes such as managed funds or shares. Additionally, we emphasize that there is no one-size-fits-all approach and that different investment strategies are appropriate at different times depending on individual goals and life stages. Furthermore, we also discuss franking credits associated with dividend income from shares and how they can be advantageous for investors. We explore the concept of being "asset rich, cash poor," where individuals have significant assets but limited cash flow due to low rental yields or living expenses exceeding income generated by assets. Lastly, we delve into strategies for repositioning assets or investing in capital growth assets to address this issue. Join us in this episode as we continue to explore the dynamic world of investments. Don't miss out on valuable insights and strategies tailored to your financial goals. - 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 Difference between capital growth and income in asset Understanding different types of asset How to structure investment portfolios Franking credits are and how they can influence investment decisions Importance of timing in investments Balancing capital growth and income Implications of market conditions and retirement on investments Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/29303068

117. Market Wrap 12/12/2023

360 Money Matters

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