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.
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Tax Savings: A Client Scenario
06/21/2022
Tax Savings: A Client Scenario
Welcome back to another episode of the 360 Mother Matter Podcast! We have recently spoken about superannuation, death taxes, and some changes to superannuation rules. Today we put this all together in a scenario for a client. In this particular scenario, our client is 65 and still working. What we’re able to do for this client was convert his entire superannuation to ‘tax-free’ as well as reduce his income tax by $10,000 over the course of the financial year! So if you are in a similar situation or someone you know is– be sure to stick around or share the episode with them and find out how our client took advantage of some opportunities that are available to help reduce both the tax that he will pay, as well as ensure that his beneficiaries don’t pay any tax when the money is eventually passed to them. If you haven't yet, we highly recommend checking out our previous episodes about Superannuation to get a better idea of what we’re talking about for this client scenario! -- 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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Gaining unrestricted access to superannuation • Taking advantage of tax opportunities • Reducing assessable income • Planning out the strategies using current legal tax laws • Avoiding death taxes for beneficiaries Connect with Billy and Andrew! Check out our latest episodes here:
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Saving on Taxes
06/14/2022
Saving on Taxes
Welcome back to another episode of the Money Matters Podcast! With the end of the tax year approaching, the mad rush on planning for your end of financial year is upon us! Today we will guide your through some ideas you can look at to make the most of these last couple of weeks. Whether it’s setting aside surplus cash for superannuation, or paying off larger deductible expenses for this year instead of the next, there is definitely some money to be saved and invested for your future that can not only improve your tax position but also accelerate your wealth creation. Making the most of government incentives and benefits will help accelerate your wealth creation. Tune into this episode as we show you how you can maximise your position and make sure you’re not scrambling this incoming June 30! -- 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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Concessional or pre-tax contributions towards superannuation. • Government co-contribution • Spouse contributions • Non-concessional contributions into superannuation. • Timing your larger deductible expenses. • Offsetting capital gains or timing it to be taxed lower. • Claim your tax deductions! Connect with Billy and Andrew! Check out our latest episodes here:
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Income Protection
06/07/2022
Income Protection
Welcome back to another episode of the Money Matters Podcast! Today’s podcast is all about making sure that we are protecting the greatest asset that you will likely ever have; your ability to generate income. That is where Income Protection comes in, designed to eliminate or offset the risks that come with losing your source of income or your job due to injury or illness. While it is and sounds important; a lot of the people we have worked with have thought about it but haven’t taken action to put this into place. We will run though the finer details of income protection policies and what you should look out for when assessing what policy is right for you. Tune in as we take a deep dive into Income Protection policies. -- 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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • The importance of Income Protection and protecting your greatest asset • Some new changes to Income Protection policies • Benefit periods and waiting periods • Optional benefits on Income protection • Deciding on the right cover for you Connect with Billy and Andrew! Check out our latest episodes here:
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Self Managed Superfunds (SMSF)
05/31/2022
Self Managed Superfunds (SMSF)
Welcome back to another episode of the Money Matters Podcast! After our last episode, we hope by now you have a better grasp of superannuation– because today we want to talk about Self-Managed Superfunds. While superannuation in its most basic form is a trust, with its own preservation rules and tax environment, SMSFs are not any different with the exception of a few small intricacies. The important takeaway from a Self Managed Superfund is that it is what the name suggests “Self Managed”. While this can carry its own risks, costs and management burden, it also has its fair share of benefits when handled correctly. While it may not be for everyone, it could be for you! Stay tuned in as we talk about what kind of investors are best suited for this superannuation structure as we take a deeper dive! -- 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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • What is a Self-Managed Superfund or SMSF • The cost and burden of an SMSF • Who are SMSFs relevant for • What type of investors should consider SMSFs • The pros and cons of SMSFs. Connect with Billy and Andrew! Check out our latest episodes here:
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Life Insurance Policies Inside vs Outside of Superannuation
05/24/2022
Life Insurance Policies Inside vs Outside of Superannuation
Not all life insurance policies are created equal. When we say life insurance policies in this episode, we’re also referring to permanent disability and income protection. In Australia as of now, we’re already facing an immense underinsurance problem, which can leave people wondering how they will pay for bills and living expenses if something were to happen to their health. It can be tempting to rely on your superannuation fund to fund the cost of your life insurance products given the fact that this won’t impact your cash flow. However, we really need to reassess if this is the appropriate strategy and products for you, or if you’re better off holding these policies outside of superannuation. Join us in this episode as we dive right into the things that you should consider when deciding on holding a life insurance policy inside or outside of superannuation. -- 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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Summary of these life insurance products • Advantages of policies inside superannuation • Disadvantages of policies inside superannuation • Taxation on benefits • Tax deductions on premiums • Things to consider when deciding on the right options for you Connect with Billy and Andrew! Check out our latest episodes here:
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Interest Rates & the RBA Movement
05/17/2022
Interest Rates & the RBA Movement
After a long time since the last increase in interest rate of the Reserve Bank of Australia(RBA), it’s finally happened. Knowing that a lot of people are concerned about their mortgage repayments, it’s only timely and appropriate that we discuss on this podcast the impact this increase will have on your personal cash flow as well as the broader economy. The RBA's decision to increase rates has largely been definitely driven by rising inflation and a decrease in unemployment. While this is still at historically low levels at 0.35% we will examine what impact this rise and any subsequent rises will have on your circumstances. While the interest rates continue to increase, we hope this episode brings some clarity and further certainty about times ahead! 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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Why the RBA increased Interest Rates • The 0.25% Increase • Impact of interests rates on financial Markets • The Impact on Property Prices • How increased interest rates will impact home loan repayments • Examples of applying expected changes to interest rates on loans Connect with Billy and Andrew! Check out our latest episodes here:
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The First Home Super Saver Scheme
05/10/2022
The First Home Super Saver Scheme
Hello and welcome back to the 360 Money Matters podcast! If you’re a first-time homebuyer that wants to break into the real estate market faster, then listen in on this episode! The biggest barrier for most first home buyers is usually the deposit that you need to put down on your first home. So enter this government initiative to help you accomplish just that. The First Home Super Saver Scheme is a savings vehicle with tax benefits, helping a lot of first home buyers get started in real estate. In this episode, join us as we talk about the potential this plan has to work in your favour! We will help give you an understanding of how this scheme works, some of the benefits associated with this as well as some key things that you should consider before embarking on this strategy. So be sure to join in on our conversation as we maximise your contributions and get you that first dream home! -- 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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Introduction to First Home Super Saver Scheme • Requirements to be eligible • Tax benefits that are available • The restrictions on contributions & withdrawals • Concrete examples of using the FHSS scheme Connect with Billy and Andrew! Check out our latest episodes here:
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Investment Bonds
05/03/2022
Investment Bonds
Hello and welcome back to the 360 Money Matters podcast! Today we will be talking about an investment vehicle that can not only assist in building your wealth or planning for a large expense but in a tax-effective structure. For this episode, we’ll be talking all about this investment vehicle; Investment Bonds, not to be confused with bonds, corporate bonds, and government bonds. This tax-effective investment is taxed at 30% within the investment structure and will not incur a capital gains tax when held for longer than 10 years. This will also not form part of your tax return and all tax return and all taxes will be paid within the vehicle By finding ways to ease the burden of tax whilst still investing, we can create more opportunities to build wealth and fund an expected future expense. -- 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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Investment Bonds • Taxation rates of investment bonds • Compounding Interests • 10-year investment timeframe • 125% rule for contribution limits • Long-term commitment investment bonds • Who this investment vehicle is best suited to Things to consider when deciding if an investment bond is right for you Connect with Billy and Andrew! Check out our latest episodes here:
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Client Scenario with Pat Nong
04/26/2022
Client Scenario with Pat Nong
Hello and welcome back to the 360 Money Matters podcast! For many, taking the first step into receiving financial advice can be a bit of a daunting step into the unknown for many. However, when that step is finally taken the advice process will very frequently uncover the need for good quality advice that is beyond the initial client instructions. For this episode, our fellow financial planner, Pat will be sharing with all of you the real impact of having a financial planner by your side, by outlining a real-life client experience. We will discuss a client scenario, the initial push for the clients to come and receive advice, and how a little bit of unpacking resulted in the scope of the advice altering dramatically. Pat will run through how he was able to help this client and help secure their financial future and the impact of this advice on their business and lifestyle. Hopefully, this inspires you to go out there and seek advice from a financial planner to secure your 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 and Patrick Nong of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Pat’s introduction to financial planning • The initial client instructions around retirement income • Understanding the client’s circumstances and the real advice needs beyond the initial request • Managing debt and expenses • Determining appropriate cover and risk mitigation • Developing the retirement income strategy • The impact of advice on their business and lifestyle Connect with Billy and Andrew! Check out our latest episodes here:
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Building Wealth with Irregular Cashflow
04/19/2022
Building Wealth with Irregular Cashflow
Hello and welcome back to the 360 Money Matters podcast! For many people income is not as simple as earning a regular salary. For many that earn commissions, are self employed or do seasonal work, income can be sporadic and irregular. While credit is a simple method of managing this cashflow, this can have many detrimental implications moving forward. In this episode, we’ll be discussing how you can best allocate, save, and maximise your money with inconsistent income. No matter if you’re a seasonal worker or work on commission, we will share the tips, hints and tricks to apportion and manage your income in the most effective way possible. If you’re unsure about how to do that, then this episode is for you! -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Why you should avoid taking on credit • Savings buffers • Paying yourself a regular income • Breaking the “the more we earn, the more we spend” mindset • Bucketing Strategies • Paying fixed expenses with fixed income & lifestyle expenses with irregular income • Implementing a system and sticking to it Connect with Billy and Andrew! Check out our latest episodes here:
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Equity
04/12/2022
Equity
Hello and welcome back to the 360 Money Matters podcast! If you’re tuning in, chances are you’re interested in investing and creating wealth– one such method to increase your wealth is through property investment. When the property increases in value beyond what we have as a loan, this is what we can call ‘equity’. In this episode, we’ll be talking about what equity is, how we can build it, and what we can do with it– like building out property portfolios, diversifying and increasing our wealth outside of the property, etc. While there are many different ways we can build equity, there are also many different ways we can leverage equity to work in our favour to build even more wealth. So don’t be afraid to hop in and find out how you can best leverage your equity! -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • What is Equity • Ways to Create Equity • Calculating the equity in your property • 80% LVR and extending above this • Can you always access your equity? • Using equity to purchase property or other investments • Risk of using equity & risk mitigation strategies Connect with Billy and Andrew! Check out our latest episodes here:
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Controlling Your Emotions When Investing
04/05/2022
Controlling Your Emotions When Investing
Hello and welcome back to the 360 Money Matters podcast! Whether you're a first-time investor or have plenty of experience, it is very easy for emotions and fear to get the better of you and for rational decisions to be blinded by emotion. In this episode, we’ll be turning a little more towards the psychology of investing, where we discuss the importance of continuing the course and blocking out all the unnecessary noise. We will discuss various strategies to combat making emotional investment decisions and help ensure that you are making rational decisions with your money. So be sure to join in on the conversation as we talk about how you can overcome your investment fears! “Be fearful when others are greedy, and greedy when others are fearful.” - Warren Buffett -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: Impact of emotionally buying and selling Know Your Strategy and Stick To It Upsides to Dollar Cost Averaging Expecting that losses will occur Make long term investment decisions Block out the noise and make rational choices Set your expectations from the beginning Invest in an Advisor that can look at things more rationally Connect with Billy and Andrew! Check out our latest episodes here:
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General Insurance
03/29/2022
General Insurance
Hello and welcome back to the 360 Money Matters podcast! Oftentimes, general insurance is overlooked and the priority is to get the cheapest possible rates and get the best deal for the price. However, when assessing a general insurance plan or strategy, the primary driver should always be the quality and conditions in the cover, with a secondary consideration placed on the cost of cover. Joining us today to shed some more light on the world of general insurance is Brenton Oviss. Benton is from Howden Insurance Brokers and has worked with us and many of our clients in the past. Brenton discusses how each business and individual is different– and as such, each plan around general insurance should be personalized. Without a good insurance broker, we can find ourselves overpaying for cover, or risk not having the desired level of cover in the event of a claim. So be sure to join in on the conversation as we talk about striking just the right balance between a quality plan and premiums! -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • What to consider in choosing an insurance plan. • Building the financial team around you. • Types of general insurance products. • Finding the balance between the excess and premium. • Insurance renewal/review process. • Deciding on the right amount of insurance cover. • Benefits of a general insurance broker vs direct provider. Connect with Billy and Andrew! Check out our latest episodes here:
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Margin Lending
03/22/2022
Margin Lending
Hello and welcome back to the 360 Money Matters podcast! If you’re looking to expand and grow your wealth in a more aggressive manner, exploring the concept of a Margin Loan can be a potential solution for this. We’ve spoken before about how you can use debt to invest. In this episode, we’re going to delve deeper into margin loans and how it can be used to magnify your gains. In addition, with margin loans being considered as a high-risk investment, we will also share strategies to mitigate that risk, alongside other important factors you should consider before applying for one. When executed right, margin loans can serve to be an advantageous tool for your investments. But with potential reward comes additional risks, so make sure to tune into this episode so you can make the best-informed decisions for your investment plans. -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • What a margin loan is. • What are margin calls? • Different features of margin loans. • Benefits of margin lending. • Potential risks of margin loans. • Risk mitigation strategies for margin loans. Connect with Billy and Andrew! Check out our latest episodes here:
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FIRE Movement
03/15/2022
FIRE Movement
Hello and welcome back to the 360 Money Matters podcast! Saving is no easy task. Especially in our current day and age that encourages high consumerist lifestyles and an economy where many individuals and families are drowning in debt. The traditional solution would be to keep working hard, but the idea of carrying on in the workforce well beyond our 60s isn’t a future not many of us want. Today’s topic is about a financial movement that’s been gaining traction over the past few years called Financial Independence, Retire Early, or the FIRE Movement. We will discuss in detail the philosophies behind the movement, how you can start saving and investing early, and how simple living can be a stepping stone towards helping you achieve your desired income lifestyle. If you’re looking for an effective and extreme strategy to achieve financial independence before you reach your 60s, give this episode a listen and see if FIRE’s strategy is the one for you. This is a strategy that can be followed to its fullest extent or take the elements that resonate most with you. Stay tuned! -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • The premise of the FIRE Movement. • Changing your lifestyle to cut expenses. • Aim to save 70% of your earnings. • The FIRE Movement’s investment philosophy. • Conscious vs. Unconscious spending. Connect with Billy and Andrew! Check out our latest episodes here:
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Using Debt to Invest
03/08/2022
Using Debt to Invest
Hello and welcome back to the 360 Money Matters podcast! We have spoken a great deal about the power of investing. However when done correctly and managed appropriately, supercharging your wealth creation is possible, with the power of debt. In this episode, we will discuss powerful strategies that will enable you to invest using debt in the correct manner. Additionally, we will go into detail into what considerations and strategies that you should deploy in order to mitigate your risk when doing so. Debt doesn’t have to remain as a constant looming reminder on your finances. With the proper strategy and understanding, you can leverage the power of debt to create accelerate your investment strategy and propel forward your wealth creation. -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • The different types of debt. • The benefits and opportunities of using debt. • Big considerations from a risk mitigation perspective. • Understanding the different options when choosing a debt product. • How to limit the risks when embarking on a strategy such as this. Connect with Billy and Andrew! Check out our latest episodes here:
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Avoiding Death Taxes
03/01/2022
Avoiding Death Taxes
Hello and welcome back to the 360 Money Matters podcast! Not paying taxes is always an exciting concept. Today we are fighting Australia’s War on Tax and showing you how you can create massive tax savings for you and your beneficiaries? Superannuation has been the dominating topic of this podcast for the past few weeks. But for this episode, we’re going to take a different approach to the topic by discussing a highly beneficial tax strategy inside superannuation so you can not only pay less tax but also avoid what we’d like to call “The Death Tax.” By executing on this strategy, you are not only protecting your future, but also the futures of your beneficiaries for when they eventually inherit your superannuation balance. Stay tuned! -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • The Re-contribution Strategy and how it works. • How to swap around the taxable component in your super to tax-free. • How to save tax on both your personal income and future beneficiaries. • The benefits and limitations of this strategy. • Three important considerations. Connect with Billy and Andrew! Check out our latest episodes here:
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New Superannuation Rules
02/22/2022
New Superannuation Rules
Hello and welcome back to the 360 Money Matters podcast! Continuing from our previous episode’s discussion on superannuation and getting money into it, we’d like to share some big news that is happening in the superannuation environment. In this episode, we will be going over the six significant changes coming to superannuation and what these mean for you moving forward. In addition, we will also talk about how these changes lower some of the barriers to entry and offer more flexibility for your retirement strategies. We’re very excited to talk about why these changes are a step in the right direction to help you drive wealth creation even in retirement so make sure to tune in! -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Removal of the Work Test for ages 67-74. • Lowering the age restriction for the downsize contribution. • Opening the “Bring Forward Rule” for people up to age 74. • Removing the minimum earnings requirement for your employer’s super contribution. • Increase in the minimum employer contributions towards super. Connect with Billy and Andrew! Check out our latest episodes here:
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Superannuation Contributions
02/15/2022
Superannuation Contributions
Hello and welcome back to the 360 Money Matters podcast! In one of our previous episodes, we talked all about superannuation and how it can contribute to your long-term wealth creation. In Australia, superannuation is one of the best tax opportunities you can get and provides you with an income stream once you retire. In this episode, we’ll expand more on this topic, specifically on superannuation contributions and why you should do it. There are a variety of ways you can contribute to your superannuation and how you can maximize your contributions to tie into your broader wealth creation strategy. We will also dive into the intricacies of super contributions including how to navigate them around the complexities of the tax environment. We hope this episode will give you all more insight on superannuation, its limitations, and opportunities to contribute money to it in a manner that is effective and efficient for your financial situation. Stay tuned! -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • The three main things about superannuation contributions. • Forms of Concessional contributions and Non-concessional contributions. • Limits to Non-concessional contributions. • Downsizer contributions and Government co-contributions. • Limitations around the pension-balance transfer cap. • Why you should take advantage of spouse splitting inside super. Connect with Billy and Andrew! Check out our latest episodes here:
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What Is Happening in Investment Markets
02/08/2022
What Is Happening in Investment Markets
Hello and welcome back to the 360 Money Matters podcast! If you’ve ever had experience in investing, you may have heard things like, “Buy low, sell high” Or “Be fearful when others are greedy and be greedy when others are fearful”. Those are all sound strategies but the truth is no one can ever know for certain when the right time is to invest. The idea and concept of investing are completely different from actually executing it during a time when markets have become more volatile. This week, we’ll be discussing what’s been currently happening in the investment markets – specifically in the Australian and US share market. We’ll be tackling specific topics such as inflation, increasing interest rates, the psychology of the investment journey, market volatility, as well as strategies that will help you avoid making the wrong investment decisions during more volatile investment markets. Getting caught up in the analysis paralysis of the investment market can stop you from getting far. But by having the right strategy and constantly reviewing it, you can give yourself every opportunity to make as much as you can with as minimal risk as possible. Stay tuned to this 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Inflation and its impact on the market. • The massive hype behind technology stocks overseas. • Facebook missing its latest earnings target and what it means. • Important strategies to consider when investing. Connect with Billy and Andrew! Check out our latest episodes here:
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How to Get Into the Property Market
02/01/2022
How to Get Into the Property Market
Hello and welcome back to the 360 Money Matters podcast! Property is one of the world’s largest asset classes; your house probably is the most valuable asset you can own. And with property being a tangible asset whose value increases over time, this makes it a very attractive and lucrative market for people to safely invest in for the long term. This week’s episode serves as a masterclass on how you can facilitate getting into the property market, strategies to effectively go about purchasing a property, obstacles to consider for first-time buyers, and key areas that you need to understand when looking into purchasing a property. Properties are a great way to diversify your portfolio and grow your wealth, so whether you’re a first-time buyer or an experienced property investor, we hope this episode will help you gain a clearer understanding of the property market. Stay tuned! -- 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Hurdles for first-time property buyers. • The loan-to-value ratio (LVR). • Paying for mortgage insurance. • How household income comes into play. • Always get a pre-approval. • Taking advantage of tax savings to get into the market. • The first home loan deposit scheme. • What makes property unique as an asset class. Connect with Billy and Andrew! Check out our latest episodes here:
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The Value of Financial Advice
01/25/2022
The Value of Financial Advice
Hello and welcome back to the 360 Money Matters podcast! Oftentimes when we see people addressing their financial planning strategy, they address it on an individual basis whether it be trying to get their estate in order or looking for avenues to generate passive income. But in reality, there are a lot of moving parts that have bearing on one another, which can make things complicated. In this episode, we’ll be talking about the six key elements of the financial planning process. We’ll be touching upon areas of advice and take a step back to look over the entire process in order to provide a deeper insight of what we usually go over with our clients. We hope this episode will bring a greater understanding of the value financial planners brings to you as we aim to facilitate the financial planning process and make it easier for all our clients to get their desired 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights: • Ask yourself what your end goals are. • How to identify and maximise your surplus income. • Managing your debt to facilitate wealth creation. • Determining your investment strategy. • Avenues of risk mitigation strategies. • The responsibility of planning your estate. Connect with Billy and Andrew! Check out our latest episodes here:
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Financial Goal Setting for 2022
01/18/2022
Financial Goal Setting for 2022
Wiith the holidays being a financial drain for many of us, we talk about how you can avoid “The Christmas Hangover” to stay on top of your spending and if you have overspent, how to rectify the situation. In this episode, we discuss how you can get started on making a new budget for the upcoming year while planning around achieving your short and long-term financial goals.
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Active vs. Passive Investing
12/14/2021
Active vs. Passive Investing
In this episode, we discuss the general differences between the two types and the strong investment principles behind them. Both camps carry their own unique intricacies that bring value to the table, but with a well-rounded investment strategy, you can take an approach that takes advantage of some or both of these styles.
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Working With a Mortgage Broker
12/07/2021
Working With a Mortgage Broker
In this week’s episode, we’ll be unpacking the topic of mortgage brokers and to help us shine more light on this discussion, we’d like to introduce you to Mitch Fletcher, director of a mortgage broking business and one of the founders of 360 Financial.
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The Temptation of Buy Now, Pay Later
11/30/2021
The Temptation of Buy Now, Pay Later
In this week’s episode, we’ll discuss the dangers of being entrapped by this service and how it opens you up to many issues in the future. This goes against the very teachings of responsible and mindful financial planning, so we’ll also share some advice on how you can avoid falling victim to this harmful spending habit.
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What Is Happening with Melbourne Property Prices?
11/23/2021
What Is Happening with Melbourne Property Prices?
We discuss how and why property prices are rising in Melbourne that is attributed to: Covid restrictions having caused a shift in people's thinking around their living arrangements, low interest rates driving property prices higher, demand outstripping supply and the effects on property prices and a higher household savings rate due to compressed household consumption.
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Transition to Retirement
11/16/2021
Transition to Retirement
This week, we’re going to discuss the transition to retirement strategy (or TTR). This strategy allows you to make that ideal transition because it allows you to supplement your income by drawing a regular pension from your superannuation account. (Not to be mistaken for the age pension you get from the government).
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Investing with Managed Funds
11/09/2021
Investing with Managed Funds
This week, we’re taking a deeper dive into the investment aspect of financial planning, specifically focusing on fund managers. We’ll discuss the role of fund managers in your financial strategy, the different methods that you can invest in, as well as compare and contrast the various benefits and costs of choosing to invest in a fund manager as opposed to directly managing your investments yourself.
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Debt Recycling
11/02/2021
Debt Recycling
In this episode, we introduce the Debt Recycling Strategy-- a very technical but incredibly valuable strategy. Aside from its general benefits, we’ll do a deep dive into it so we can help you develop strategies to pay down your non-deductible debt and build your wealth in a perfectly legal and tax-effective manner.
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