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.

116. Christmas Spending 12/05/2023

116. Christmas Spending Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss tips for managing Christmas spending. We emphasize the importance of setting a budget to avoid overspending, as well as saving throughout the year specifically for Christmas expenses. We recommend avoiding credit card debt by not relying on credit for purchases. Other tips include shopping early, taking advantage of sales, regifting items that aren't wanted or needed, considering experiences rather than material gifts, participating in Secret Santa exchanges to save money, and receiving more meaningful gifts, among others. Furthermore, it's crucial to be mindful of spending during the festive season and find creative ways to socialize without breaking the bank. Say yes to things that bring joy and benefits, but be conscious of where you're spending your money. Take control of your holiday spending and make the season joyous without breaking the bank! Join us in being mindful of your expenses and finding creative ways to celebrate! - 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 Setting a budget for Christmas spending Setting up a dedicated savings account for Christmas About regifting Opting for experiences instead of material gifts Setting limits and expectations on gift spending Importance of being proactive and avoiding a rushed approach Considering homemade or environmentally friendly gifts Exploring cost-saving options Creative ways to catch up with friends and family Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/28934798

115. Young and Considering Superannuation 11/28/2023

114. Buy-sell Agreements 11/21/2023

113. Save Tax Over 60 11/14/2023

112. Using Super to Buy Property 11/07/2023

112. Using Super to Buy Property Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the utilization of superannuation to purchase property within a self-managed superannuation fund. We place strong emphasis on the importance of diversification when investing in property through superannuation funds. Placing all retirement income into a single asset class exposes individuals to significant risks, underlining the need for diversification within their portfolio. Additionally, we discuss the benefits of leveraging, such as the potential for increased profits, and the tax advantages associated with selling properties in the pension phase to avoid capital gains tax. However, we also caution that careful consideration must be given to factors such as cash flow, additional contributions, borrowing costs, and other expenses before pursuing this strategy. We also touch upon alternative options, such as retail or industry superannuation funds, for the purpose of comparison. Ready to explore the world of property investment through your superannuation fund? Tune in to our episode for valuable insights and considerations. - 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 Using super funds to buy property and the considerations involved Benefits and consequences of direct property Complexity and cost involved Importance of diversification when investing Tax benefits and leveraging opportunities Considering cash flow and other fees and costs Importance of seeking professional advice Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/28541744

111. Economic Update 10/31/2023

111. Economic Update Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we are joined by our guest, Bruce Williams, a portfolio manager and co-founder of Elston. We explore various topics related to the economy, inflation, interest rates, and their impact on different demographics. Bruce explains that inflation is proving to be stickier than expected, and he suggests that interest rates may not decrease as quickly as initially anticipated. He also addresses the demographic divide in terms of spending habits and how it affects both savers and borrowers. Additionally, Bruce discusses the pivotal role of the Reserve Bank of Australia (RBA) in interest rate management and inflation control. He delves into the challenges the economy faces, including escalating business costs and restricted discretionary spending for consumers, which may lead to potential turbulence. Bruce also raises the possibility of a weaker labor market contributing to a mild economic recession. Stay informed about potential economic turbulence and be prepared for challenges ahead. Tune in now and stay ahead of the economic curve! - 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 The current state of the economy Significance of a demographic divide in the economy Potential for interest rate changes and their impact on the economy and individuals Role of market expectations in driving changes in interest rates Economic outlook and soft landing Portfolio construction and Bruce’s team approach to positioning portfolios Bruce’s perspective on different regions and asset classes About Bruce Williams: Bruce is a Portfolio Manager, Executive Director and co-founder of Elston. His role includes portfolio construction and management, supervision, development and feedback on the research process. With many years of experience in the investment management industry locally and overseas, Bruce is highly valued as a mentor for Elston Analysts Connect with Bruce: Website | Linked In | Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/28472615

110. How Much Money Do you Need in Retirement 10/24/2023

109. Market Wrap 10/17/2023

108. How to Minimise your Tax 10/10/2023

107. Shares vs Property 10/03/2023

106. Overcome Investment Fear 09/26/2023

106. Overcome Investment Fear Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss investing and how to overcome the anxiety and trepidation that come with it. We answer a question from a listener who wants to start investing but is unsure where to begin and had some fear in taking this next step. We emphasize the importance of education and understanding various investment options. This underscores the risk of inaction due to the gradual erosion of savings by inflation. Additionally, it's important to understand one's comfort level and risk tolerance before making investment selections. In conclusion, we encourage listeners to start investing by studying the market and determining their own risk tolerance before making any decisions. Take the first step towards financial growth and start your investment journey today. Educate yourself, assess your risk tolerance, and make informed decisions. Don't let fear hold you back; your financial future awaits! - 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 How to get over that fear and how to move forward Importance of recognizing the need and asking questions as a good start The power of knowledge Take into account your tolerance to risk and comfort levels Ensuring to pass the "sleep test” About the benefits of compounding and the need to stick to a strategy Pay attention to your investments, but don’t become obsessed Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/28143197

105. Market Wrap 09/19/2023

104. What's the Outlook of Interest Rates 09/12/2023

104. What's the Outlook of Interest Rates Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we will discuss the outlook for interest rates. Here we point out that interest rates have been held steady for the past two months, which has caused some people to wonder if they may decrease. In this episode, we will talk about the mechanisms that impact interest rates as well as what the likely outlook will be both in the short and medium term. To prevent sending the economy into a recession, the Reserve Bank of Australia (RBA) is waiting before making any decisions on changing interest rates. Therefore, careful analysis of the numerous elements affecting inflation and economic performance is necessary to navigate these difficult times. Discover why interest rates have remained steady recently and whether they are likely to decrease. We also shed light on the impact of inflation on cash flow and why addressing inflation might be more important than adjusting interest rates. Tune in 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 About the current interest rate situation The challenges of predicting interest rate movements Considering various factors and data in making decisions About the risk of a recession Uncertainty surrounding the impact of unemployment on interest rates The upcoming RBA meeting and its potential impact on rates Importance of seeking professional advice and having a financial strategy Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/28007811

103. Debt Recycling Strategy 09/05/2023

102. Should I Pay Down Debt or Invest 08/29/2023

102. Should I Pay Down Debt or Invest Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed whether to pay down debt or invest surplus money. We highlighted that with higher interest rates, people are paying more attention to their debts and also their cash flow. In turn, people are questioning whether they should be putting more money towards these debts or if they should be putting money towards investments. We mentioned considering deductible versus non-deductible debt and factoring in the retirement time frame when making decisions about debt repayment. Additionally, it's crucial to consider risk tolerance and comfort levels when deciding whether to prioritize paying off a mortgage or investing money into growth assets.. Understanding the importance of having a strategy, seeking advice, and considering long-term goals when making financial decisions is a critical aspect to determining the right strategy.. By tuning in, you'll grasp the nuances of risk tolerance, comfort levels, and how they influence prioritizing mortgage payments over investments. Gain valuable insights into crafting a financial roadmap, seeking expert advice, and aligning choices with long-term goals. Don't miss out on this episode, where financial wisdom meets actionable steps towards a secure 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 what decision you should make The ‘sleep test’ as a starting point Exploring different options and scenarios Tax implications Shaving off years from the mortgage Balancing debt repayment and wealth creation Emotional responses Debt recycling strategy Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/27878037

101. Market Wrap 08/22/2023

100. How to Get your Finances on Track 08/15/2023

99. First Home Buyer Guide 08/08/2023

98. Asset Protection 08/01/2023

97. Getting Started on your Wealth Journey 07/25/2023

96. Market Wrap 07/18/2023

95. Insights and Lessons: What We Wish We Knew in our Younger Years 07/11/2023

94. Setting Yourself up for a Successful Financial Year 07/04/2023

93. Foundations for Financial Success with Special Co-host Patrick Nong 06/27/2023

92. Retirement Debt & Wealth with Special Co-host Patrick Nong 06/20/2023

91. Helping Kids Get into Property 06/13/2023

91. Helping Kids Get into Property Welcome back to another episode of the 360 Money Matters Podcast! As parents, ensuring a bright and secure future for our children is paramount, and effective financial planning plays a pivotal role in achieving that goal. By strategically managing our finances, setting clear objectives, and making informed investment decisions, we can provide our children with a solid foundation and opportunities for their future success. In this episode, we explore a specific client's scenario where their goal is to provide their child with a substantial sum of money upon securing full-time employment, assisting in funding a house deposit. This family places great emphasis on the need for liquidity, as they value the flexibility to access their funds in case of unforeseen circumstances. However, it is crucial to consider the potential tax consequences of gifting such a significant amount. We also discuss the tax implications that can arise in this situation. Learn how you can help your children get into property investing and give them a financial head start! – 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: How to setup your children for life How the family wanted their investments to be liquid, allowing them to access the money in case of any changes in their circumstances. About the other strategies that we had discounted as part of the approach Tax consequences The power of compound interest Tax considerations Connect with Billy and Andrew! Check out our latest episode here: /episode/index/show/360moneymatters/id/27134643

90. Investing in Shares 06/06/2023

89. Market Wrap: Mid April to Mid May 2023 05/30/2023

88. Things to consider when buying an investment property 05/23/2023

360 Money Matters

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