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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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:
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132. Asset Rich & Cashflow Poor
04/16/2024
132. Asset Rich & Cashflow Poor
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed the concept of being asset-rich but cash flow-poor in the context of retirement. The accumulation of assets without sufficient income, due to tax considerations, can lead to challenges during retirement. The options presented included liquidating assets for income-producing alternatives, downsizing the family home, considering reverse mortgages, or purchasing a downsized home early. Proactive financial planning, with advice tailored to individual circumstances, is crucial. It is essential to seek personalized advice from a financial advisor, tailored to specific goals and circumstances. This episode is packed with valuable insights and strategies, all tailored to help you navigate your financial future. Tune in and empower yourself with knowledge! - 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 concept of being asset rich and cash flow poor Strategies to transition from relying on personal income to generating investment income Asset types for those in asset rich, cash flow poor situation Importance of having a clear exit strategy Cash flow issues Planning ahead and seeking personalized financial advice Connect with Billy and Andrew! Check out our latest episode here:
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131. Maximising Age Pension
04/09/2024
131. Maximising Age Pension
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed getting the most out of age pension. We talk about who can get it, how it's been changing, and how the government decides who gets it based on what you own and earn. We also share tips on how to maximise the age pension also! Furthermore, we explain that there are limits to gifting money while still qualifying for age pension. That’s why it is important to plan early and get advice because living costs can be tough on just the pension. So, think carefully about your money to make sure you're set for retirement. Take charge of your financial future by learning how to maximise your age pension entitlements. 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 About age pension eligibility Means testing and assessment of assets Strategies for maximizing age pension entitlements Complexities to consider regarding beneficiary impact and fund preservation Understanding spousal contribution and superannuation strategies Gifting assets and financial structuring Connect with Billy and Andrew! Check out our latest episode here:
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130. Equity to Invest
04/02/2024
130. Equity to Invest
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed equity in property, focusing on its calculation, utilization, and implications. We explained equity as the difference between the property value and the debt owed, influencing the loan-to-value ratio (LVR). An LVR above 80% may incur mortgage insurance costs due to increased risk for banks. Utilizing equity can enable diversification into other assets or properties to further expand your wealth creation. Another key point highlighted was structuring loans to ensure tax deductibility based on the fund's purpose. The debt recycling strategy was introduced as a powerful method to convert non-deductible debt into deductible by investing strategically with borrowed funds from existing equity. This approach involves building an investment portfolio that generates income to pay down non-deductible debts over time. Join us and learn how to leverage your property equity effectively and make informed financial decisions. Hit the play button 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 Understanding equity in property About loan-to-value ratio and equity calculation Considerations when taking out equity and investing it in other assets Assessing serviceability and tax considerations Debt recycling as a powerful strategy Having an exit strategy and risk mitigation plan Connect with Billy and Andrew! Check out our latest episode here:
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129. Bought a Property, What is Next?
03/26/2024
129. Bought a Property, What is Next?
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we advise listeners like Danielle, who has settled on a property and mortgage and wants to know what some of the things are that she should be considering next. We stress the need for a cash flow management strategy to ensure affordable mortgage payments and achieve savings goals. Insurance coverage is essential, including life insurance, permanent disability cover, income protection, and building/contents insurance. Building an emergency fund is crucial for handling unexpected costs. Also, seeking personalized advice is recommended to determine whether to focus more on debt elimination or wealth creation strategies based on long-term financial goals. Tune in to our latest episode where we address essential steps for new homeowners like Danielle, covering budgeting, insurance, and long-term financial planning. Don't miss out ! - 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 Practical next steps after settling on first property and mortgage Concept of cash flow system Risk management and the need for a strategy Setting new goals after purchasing the first property Importance of building wealth for retirement Various approaches to wealth creation and retirement planning Connect with Billy and Andrew! Check out our latest episode here:
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128. F.I.R.E Movement
03/19/2024
128. F.I.R.E Movement
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the F.I.R.E (Financial Independence, Retire Early) movement. We explain that this movement encourages people to retire early and achieve financial independence by saving and investing a large portion of their income. Additionally, living a frugal lifestyle and reducing expenses are key to achieving this goal. We acknowledge that the F.I.R.E movement may not be suitable for everyone, but we emphasize the importance of being intentional with spending and making conscious financial decisions. Tune in to our episode to learn the secrets of saving, investing, and living a frugal lifestyle. Don't miss out on this opportunity to make conscious financial decisions and pave your way to a brighter 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 About F.I.R.E Movement Origin of the movement Strategies for achieving F.I.R.E Benefits of starting early Living expenses and lifestyle implications Investing in the F.I.R.E movement Connect with Billy and Andrew! Check out our latest episode here:
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127. Insurance Inside vs. Outside Super
03/12/2024
127. Insurance Inside vs. Outside Super
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss personal insurance and the benefits of holding it inside or outside of superannuation. We explore different types of insurance covers, such as life insurance, permanent disability, income protection, and trauma insurance. We also discuss the increasing responsibilities that make having the right insurance cover important. Funding options for premiums are discussed, including using cash flow or faying for this through superannuation. Furthermore, we also touch on tax efficiency and how this will change depending on the structure of how this insurance cover is held. Benefits and product benefits may also differ depending on how this is held. - 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 Four types of personal insurance cover Different funding options for personal insurance Tax deductions for personal insurance premiums Default insurance covers Disadvantages of holding cover within super Aligning insurance strategy with broader financial planning goals Risk mitigation strategies Potential pitfalls and risks associated with superannuation insurance Importance of comprehensive planning and regular review Connect with Billy and Andrew! Check out our latest episode here:
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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:
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125. Land Tax Changes
02/27/2024
125. Land Tax Changes
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we're talking about Victoria's new land tax changes. The Victroian government has introduced increased land tax for a ten-year period starting in January 2024 to repay Covid debts. But some people aren't sure if these taxes will stop after ten years. This affects property owners with investment properties, who now face higher costs for owning and maintaining properties. It's tough for investors, and might lead to higher rents and greater levels of sales activity for investors who want out. Having a solid financial plan is important during uncertain times like this. Click subscribe, hit play now, and understand this context of land tax changes critically! - 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 Changes to land tax and why it was introduced Government's dependence on taxes Impacts of increased tax on investments Potential implications for the property market Importance of planning and having a buffer Connect with Billy and Andrew! Check out our latest episode here:
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124. Before & After Tax Super
02/20/2024
124. Before & After Tax Super
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we're talking about putting money into your super, breaking it down into two types: concessional (before tax) and non-concessional (after-tax). We discuss the tax advantages, contribution limits, and strategic considerations for both types. We’ll be giving some worked examples to illustrate their application in real-life scenarios and how you can best utilise the benefits of each of these superannuation types for your own situation. Join us, hit subscribe, and let's make super contributions simple and smart! - 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 Super Contributions - Concessional vs. Non-Concessional Rapid Retirement Strategy Capital Gains Downsizing Recontribution Strategy Connect with Billy and Andrew! Check out our latest episode here:
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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:
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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:
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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:
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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:
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119. Investment Bonds
01/16/2024
119. Investment Bonds
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss investment bonds, explaining that they are: a tax-effective vehicle for investing money. The income associated with the investment is paid within the bond and taxed at a maximum rate of 30%, which can be lower than an individual's taxable income. If the asset is held for longer than ten years, there is zero capital gains tax when selling it. We also emphasize that investment bonds do not form part of your assessable income or a person's estate, making them useful for estate planning and asset protection purposes. However, it's important to note that investment bonds cannot protect assets in cases of separation or family law matters. Additionally, we highlight certain limitations, such as the necessity to hold the bond for at least ten years to maximize its tax benefits and the importance of adhering to contribution rules based on prior years' amounts. - 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 investment bonds The tax environment Benefits associated with investment bonds Positive and negative aspects of investment bonds Timeframe and contributions of investment bonds The 125 percent rule Use of investment bonds for specific purposes Investment options within investment bonds Connect with Billy and Andrew! Check out our latest episode here:
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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:
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117. Market Wrap
12/12/2023
117. 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're diving into the recent inflation data in the US and the impact that this has had on the stock market as well as the interest rate expectations for next year. Unemployment in Australia has also been a big talking point and we will look into some of the details that surround this, rather than just the headline unemployment number. The rise in wages is partly attributed to EBAs for government workers. Nonetheless, it remains to be seen if this trend will persist beyond the initial spike. Tune in to our latest episode for a comprehensive market wrap. Don't miss out on the insights shaping the economic 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 Data coming out of the US related to inflation and market reaction The Australian market and its reaction to the US data Positive market reaction and the increase in share market returns The unemployment rate in Australia Increase in youth unemployment Acceleration of wages and the factors contributing to it Property market and its outlook Importance of considering cash flow and budget impacts Connect with Billy and Andrew! Check out our latest episode here:
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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:
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115. Young and Considering Superannuation
11/28/2023
115. Young and Considering Superannuation
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss a listener's query regarding factors to consider while contemplating superannuation at a young age. We emphasize that starting early and making small extra contributions regularly can make a huge difference. Additionally, we clarify that a superannuation trust provides tax benefits and compound returns over time by retaining investments until retirement age. However, a drawback is its lack of liquidity. Finally, we emphasize the significance of striking a balance between long term planning, tax benefits as well as liquidity. In addition to this, we will look at what you should be considering when assessing whether a superfund is right for you or not. Secure your financial future now! Dive into our latest episode for key insights on early financial planning, superannuation benefits, and striking the right balance. Don't miss out – listen 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 Importance of superannuation in financial strategies What is superannuation and its purpose Benefits of superannuation for long-term investment Considerations for superannuation strategy Tax implications and deductibility of contributions Building an investment portfolio Connect with Billy and Andrew! Check out our latest episode here:
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114. Buy-sell Agreements
11/21/2023
114. Buy-sell Agreements
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss how important buy-sell agreements are for partners in businesses. We emphasize that these agreements are essential for settling potential disputes about the transfer of shares in the event that one partner dies or becomes unable to work. This includes legal issues, appraisal techniques, funding sources, insurance coverage, tax ramifications, and review procedures. To ensure appropriate planning and implementation, we stress the importance of raising awareness about this crucial facet of business ownership and advise obtaining professional counsel. Explore the crucial world of buy-sell agreements with us and learn how they can safeguard your business. Don't miss out on essential insights into legalities, appraisal techniques, funding, insurance, taxes, and more! - 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 buy-sell agreements Legal and financial aspects of buy-sell agreements Steps and considerations for implementing a buy-sell agreement Importance of reviewing and updating the agreement over time Barriers and complexities associated with buy-sell agreements Connect with Billy and Andrew! Check out our latest episode here:
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113. Save Tax Over 60
11/14/2023
113. Save Tax Over 60
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed the transition to retirement strategy. Originally designed to be able to allow people to access their superannuation whilst not fully retired. However for those over 60 and still working, utlising this to save money on tax can be a very effective strategy. Additionally, since many people are not aware of these options, we emphasized the essential role of having a financial advisor to maximize your chances. When comparing this investment method to other strategies, such as negative gearing properties, we emphasized the substantial and guaranteed tax savings it offers. - 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 concept of transition to retirement strategy Overview of superannuation Transitioning into retirement Use of transition to retirement strategies to capitalize on tax arbitrage and enhance wealth The tax benefits of the transition to retirement strategy Limitations and parameters of this strategy Benefits of the strategy Why people aren't utilizing the transition to retirement strategy Connect with Billy and Andrew! Check out our latest episode here:
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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:
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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:
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110. How Much Money Do you Need in Retirement
10/24/2023
110. How Much Money Do you Need in Retirement
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we talked about retirement. We stress that, unlike an abrupt event, retirement is a transition, with most people progressively cutting back on their work hours before officially retiring. The sum of money required for retirement varies depending on your lifestyle and circumstances. We have some ‘rules of thumb’ that you can use to guess how much money you will need to help support this. Additionally, the significance of building wealth during the working years is touched upon, and this refers to various forms of assets that might provide income, such as superannuation funds or properties. Overall, we emphasize the need of taking individual goals and circumstances into account when making retirement income plans. Ready to plan your retirement? Take a proactive step towards securing your financial future. Start by assessing your goals and creating a personalized retirement plan 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 retirement Importance of retirement income Factors influencing retirement income needs Planning for retirement income Benefits of starting retirement planning early Defining comfortable income goals Retirement planning considerations Debt elimination strategies Connect with Billy and Andrew! Check out our latest episode here:
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109. Market Wrap
10/17/2023
109. 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 are going to talk about economic data that has come out. We start off with conflicting economic data coming out of the US and how it has affected the stock market. We’ll also talk about the Chinese property market as well as rising oil prices and the resulting impact on the broader economy.. Additionally, the Reserve Bank of Australia (RBA) has not made any changes to interest rates due to uncertainties surrounding inflation trends and economic recovery. The share market is expected to experience volatility, Australia's tight labor market is expected to continue and retail data shows a slight increase but is likely to turn negative due to rising interest rates and living costs. - 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 Conflicting economic data S&P 500 performance China's economic situation Impact of OPEC's supply control on global inflation ASX market movements Retail sales leading up to Christmas spending Labor market Connect with Billy and Andrew! Check out our latest episode here:
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108. How to Minimise your Tax
10/10/2023
108. How to Minimise your Tax
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed how to legally minimize your taxes. We mentioned the complexity of Australia's tax code and how you can utilise this to help bring down the amount of tax that you are paying. We’ll discuss things like; additional super contributions, negative gearing, franking credits and many more things that you can do to bring down the overall tax that you pay. Learn valuable strategies and insights that can help you keep more of your hard-earned money while staying within the bounds of the law. Don't let complex tax codes overwhelm you; instead, empower yourself with knowledge. Tune in now and take the first step towards optimizing 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 Minimizing tax legally Tax benefits of contributing to superannuation How Franking Credits can offset taxes on investment income Importance of positioning assets for Franking Credits to invest tax-effectively Negative gearing and its potential tax benefits Tax-free exemption associated with owner-occupied properties The importance of selecting the right asset ownership structure The need for coordination among professionals involved in tax planning Investment bonds as a tax-effective strategy Connect with Billy and Andrew! Check out our latest episode here:
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107. Shares vs Property
10/03/2023
107. Shares vs Property
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed investing in shares or taking those funds and investing it in property. Each asset class has its own benefits and there is no one size fits all. It’s important to consider the benefits of each investment type in order to leverage these benefits in your own wealth creation strategy. This will vary based on your personal circumstances and hence it is important to take a holistic approach to making this decision. Discover the key differences between shares and properties, and unlock the potential to make wise investment choices. Learn how to navigate the dynamic stock market and property market, and find out how dividends and property values play a crucial role. Don't miss out on this valuable insight into the world of investing – 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 What shares are Different types of shares that investors can purchase The different types of properties Comparing shares and property and emphasizing the tangibility of property and the intangibility of shares Costs and barriers to entry associated with purchasing shares and property How investor behavior differs between shares and property Cash flow considerations for shares and property Importance of understanding personal circumstances and utilizing the benefits of both assets Connect with Billy and Andrew! Check out our latest episode here:
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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:
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105. Market Wrap
09/19/2023
105. 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 discussed the performance of share markets both domestically as well as internationally. Furthermore, we will discuss the likelihood of avoiding a recession and the ‘soft landing’ scenario. Given the strong trade agreements between China and the Australia, we will also do a dive into the Chinese economy and the stimulus that the government will or won’t be deploying in order to kick start their economic growth. Don't miss out on these crucial insights about our monthly market wrap. Tune in to our latest episode now and stay informed about the ever-changing world of finance and economics! – 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 financial markets in the United States Consensus around the possibility of a soft landing The Australian market Implications of market updates on individual households The need to address cash flow pressures through alternative means The hope for increased domestic consumption in China Connect with Billy and Andrew! Check out our latest episode here:
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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:
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