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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183. How to Manage a Career Break
05/06/2025
183. How to Manage a Career Break
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we dive into how to manage a career break, exploring the financial, emotional, and strategic steps needed to prepare for both planned and unexpected time away from work. We discuss everything from building a cash buffer and understanding government support, to maintaining insurance, investing wisely during a break, and handling the emotional impact of a reduced or paused income. We also cover strategies for resetting your financial foundation when returning to work and adjusting your long-term goals. If you're thinking about or navigating a career break, make sure to listen to this valuable conversation! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706 Episode Highlights Reasons people take career breaks — both planned and unexpected Key financial considerations before and during a career break Importance of understanding your monthly burn rate and building a buffer Managing superannuation and the long-term impact of missing contributions How to handle insurance like income protection during a career break Navigating government payments and understanding eligibility Resetting your budget and financial habits when returning to work Emotional impacts of career breaks and the value of planning and support Connect with Billy and Andrew! Check out our latest episode here:
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182. Should I have a Self Managed Superfund
04/29/2025
182. Should I have a Self Managed Superfund
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the world of self-managed super funds (SMSFs) and ask the big question: should we have one? We unpack the essentials — what an SMSF is, how it differs from regular super funds, and the pros and cons of managing your own fund. We explore the control and flexibility that come with SMSFs, including the ability to invest in assets like property and collectibles, but also the responsibilities, risks, and higher costs that follow. From setup fees and compliance obligations to investment strategy complexities and retirement planning, we cover why SMSFs might suit some of us — especially with larger balances or specific goals — but not all of us. Tune in now to find out if managing your own super fund is the right move 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 & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin 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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181. Things To Focus On In Your 50's
04/22/2025
181. Things To Focus On In Your 50's
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we wrap up our three-part series by diving into the key financial considerations for your 50s. We explore how to gain retirement clarity, identify your "freedom number," and weigh up quality of life versus grinding out a few more years of work. We cover strategies like optimizing superannuation contributions, planning debt elimination, managing lifestyle creep, and transitioning investments from growth to income. We also touch on the importance of estate planning, the financial realities of supporting aging parents or adult children, and preparing for rising healthcare costs. It’s all about setting up the next phase of life with confidence, clarity, and flexibility. Ready to future-proof your finances? Tune in now to make your 50s count! - 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 Why gaining retirement clarity is about more than just the money How to determine your “freedom number” and what lifestyle you want Strategies for maximizing super contributions and minimizing tax The importance of a clear debt elimination plan before retiring Managing lifestyle creep during peak earning years Transitioning from growth to income-focused investments Why estate planning and supporting both parents and adult kids matters Connect with Billy and Andrew! Check out our latest episode here:
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180. Things To Focus On In Your 40s
04/15/2025
180. Things To Focus On In Your 40s
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the key financial priorities to focus on in your 40s, and although we’re not quite in that age bracket yet, we explore it with a future-focused mindset. We talk about the importance of having clarity and control over your finances, setting clear retirement and family goals, and regularly tracking your net worth. We also cover strategic use of superannuation, optimizing debt (especially getting rid of non-deductible personal debt), and finding the right balance between spending, investing, debt repayment, and giving. We stress the value of being aligned with your partner financially, investing in your career and personal development, and making sure your insurance and estate planning are in check. And finally, we remind ourselves that health is wealth—because what’s the point of financial success if we’re not well enough to enjoy it. Tune in now to learn how to take control of your finances in your 40s and set yourself up for long-term success—your future self will thank 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 & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Gaining clarity and control over your finances in your 40s Setting clear goals for retirement, education, and debt repayment Making the most of superannuation and compounding early Eliminating personal debt and optimizing mortgage strategies Creating a balanced investment approach Aligning financial goals with your partner Prioritizing health as part of your wealth journey Connect with Billy and Andrew! Check out our latest episode here:
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179. Focus Your Wealth In Your 30s
04/08/2025
179. Focus Your Wealth In Your 30s
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss how to focus on building wealth in your 30s by reflecting on personal finance journeys, shifting priorities, and lessons learned. We talk about the transition from carefree spending in our 20s to becoming more intentional with money in our 30s—focusing on budgeting, saving, and planning for the future. We also explore how aligning financial goals with personal values and lifestyle choices can lead to long-term fulfillment, and we share practical tips for managing income, investing smartly, and avoiding the comparison trap. Tune in to hear how you can take control of your finances in your 30s and build lasting wealth with intention and clarity! - 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 Shifting from carefree spending in your 20s to intentional financial planning in your 30s Aligning your money habits with your personal values and long-term goals Creating a strong foundation through budgeting, saving, and investing The importance of consistency over perfection in wealth building Avoiding the comparison trap and focusing on your own journey Understanding how lifestyle choices impact your financial future Taking ownership of your financial decisions and staying proactive Connect with Billy and Andrew! Check out our latest episode here:
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178. What Is A Financial Plan and Why Do You Need It
04/01/2025
178. What Is A Financial Plan and Why Do You Need It
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore the importance of having a financial plan and how it can help create stability and security in both the short and long term. We discuss key components of a financial plan, including budgeting, saving, investing, and setting clear financial goals. We also highlight common pitfalls people face when managing their finances and offer practical advice on how to stay on track. Through real-life examples and expert insights, we emphasize why financial planning is essential for achieving financial freedom and reducing stress around money. Tune in to this episode as we break down the essentials of financial planning and share practical tips to help you build stability, security, and wealth. Don't miss out—listen now and start your journey toward financial freedom! - 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 a financial plan is and why it’s essential for long-term stability Key components of a strong financial plan Common financial pitfalls and how to avoid them The importance of setting clear financial goals and sticking to a strategy How financial planning helps reduce stress and improve decision-making Understanding risk tolerance and aligning investments with personal comfort levels The power of consistency and the benefits of compounding over time Connect with Billy and Andrew! Check out our latest episode here:
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177. Granny Flat Provision
03/25/2025
177. Granny Flat Provision
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore granny flat provisions and how they impact Centrelink benefits, allowing older Australians to transfer assets, often to their children—in exchange for a lifetime right to live in a property without triggering gifting rules. We discuss various living arrangements, financial implications, and key considerations like legal agreements, stamp duty, and the reasonableness test. Additionally, we highlight risks such as potential loss of pension entitlements and complications if aged care is needed. With this strategy becoming more popular, we stress the importance of expert financial and legal advice to ensure compliance and avoid unintended consequences. Tune in to this episode to learn how granny flat provisions work, their financial impact, and how to navigate them wisely to protect your benefits and assets! - 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 granny flat provisions and their impact on Centrelink benefits How asset transfers can be structured to avoid gifting penalties Different living arrangements, from backyard flats to shared homes Importance of proper legal agreements and financial planning Risks of losing pension entitlements if structured incorrectly Key considerations like stamp duty, reasonableness tests, and aged care needs Why seeking expert financial and legal advice is essential Connect with Billy and Andrew! Check out our latest episode here:
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176. Why Are Investments Falling and What Can You Do
03/18/2025
176. Why Are Investments Falling and What Can You Do
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the recent market downturn, exploring factors like aggressive U.S. trade policies, inflationary pressures, and global economic uncertainty that have led to significant declines across major indices. While market corrections can be unsettling, we emphasize that they are a normal part of the economic cycle and present opportunities for disciplined investors. Strategies like dollar-cost averaging, maintaining financial stability, and identifying high-quality assets at discounted prices can help navigate volatility. Ultimately, we stress the importance of a long-term perspective, as economies and businesses adapt over time, creating opportunities for future growth. Tune in to this episode as we break down the key factors behind the downturn and share smart strategies to navigate volatility. Don't miss out—listen now and take control of your financial future! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Understanding why investments are falling and what’s driving market volatility The impact of U.S. trade policies, tariffs, and global economic uncertainty Why market corrections are a normal part of the investment cycle The importance of a long-term perspective in navigating downturns Strategies like dollar-cost averaging to take advantage of lower prices How having your financial house in order helps you make rational decisions Identifying high-quality assets that may now be undervalued Viewing market downturns as potential buying opportunities rather than setbacks Connect with Billy and Andrew! Check out our latest episode here:
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175. Financial Mistakes That Even Smart People Made
03/11/2025
175. Financial Mistakes That Even Smart People Made
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss common financial mistakes that even smart people make. We explore issues like lifestyle creep, the lack of a banking strategy, putting all financial resources into one asset, and not having an emergency fund. We also highlight the dangers of unclear investment strategies, relying on a single income stream, and trying to time the market. Additionally, we emphasize the importance of tax planning, long-term financial thinking, and not ignoring superannuation. We share practical insights to help our listeners avoid these pitfalls and achieve financial success. - 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 Recognizing and avoiding lifestyle creep Importance of having a solid banking strategy Ensuring you have an adequate emergency fund The dangers of unclear investment strategies Avoiding reliance on a single income stream Balancing tax minimization with long-term wealth creation The importance of superannuation and long-term planning Connect with Billy and Andrew! Check out our latest episode here:
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174. Downsizer Contributions
03/04/2025
174. Downsizer Contributions
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss downsizer contributions to superannuation, exploring how this strategy allows individuals aged 55 and over to contribute up to $300,000 from the sale of their home into their super, without affecting other contribution caps. We break down the eligibility rules, the financial benefits of moving assets into a tax-free super environment, and the broader economic implications, including its potential to free up housing stock. While originally framed as a way to encourage retirees to move into smaller homes, we consider whether the true intention was to boost baby boomers' retirement savings. Finally, we emphasize the importance of strategic planning and financial advice when considering this approach. Tune in to learn how downsizer contributions can boost your retirement savings and maximize your tax-free income—don’t miss this essential strategy! - 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 downsizer contributions and how they work Eligibility requirements and key rules for making a downsizer contribution The financial benefits of moving home equity into superannuation How downsizer contributions can create tax-free income in retirement The misconception of needing to “downsize” to take advantage of this strategy Potential government motivations behind the policy and its economic impact Importance of planning and getting financial advice before making a move Connect with Billy and Andrew! Check out our latest episode here:
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173. Asset Protection Strategies
02/25/2025
173. Asset Protection Strategies
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss asset protection strategies, focusing on protecting those assets that you have worked so hard to accumulate.. We highlight the importance of separating personal and business assets, using structures like trusts and company ownership to limit liability. Superannuation is emphasized as a strong protection tool when contributed to properly, while investment bonds provide a middle-ground option. We also stress the value of insurance—life, disability, crisis, and income protection—to maintain financial stability in unforeseen circumstances. Ultimately, we reinforce the need for proactive planning, structuring assets correctly from the start, and regularly reviewing financial strategies to ensure long-term security. Listen now to learn key asset protection strategies and ensure your wealth stays secure for the future! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Importance of protecting assets from creditors Separating personal and business assets to minimize risk Using trusts and company structures for added asset protection Superannuation as a secure long-term wealth preservation tool Investment bonds as a flexible alternative for medium-term protection The role of insurance in maintaining financial stability Structuring assets correctly from the start to avoid costly mistakes Regularly reviewing financial strategies to ensure ongoing security Connect with Billy and Andrew! Check out our latest episode here:
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172. Frugal February
02/18/2025
172. Frugal February
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore how intentional spending can lead to long-term financial benefits. We discuss setting clear savings goals, breaking them into achievable steps, and using accountability to stay on track. Strategies include delaying impulse purchases, optimizing grocery shopping, cooking at home, and enjoying free or low-cost entertainment. We also highlight the importance of auditing subscriptions and even taking on side hustles to boost income while reducing unnecessary spending. Ultimately, we encourage listeners to adopt these habits beyond February to build lasting financial stability. Tune in now to learn practical tips for saving money, cutting unnecessary expenses, and building long-term financial stability with Frugal February! - 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 "Frugal February" Setting clear, measurable savings goals increases success Strategies include delaying impulse purchases and tracking expenses Cutting unnecessary subscriptions and meal planning Free or low-cost entertainment options Side hustles that can boost income while reducing idle spending About small financial changes Connect with Billy and Andrew! Check out our latest episode here:
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171. Should I Pay Down Debt or Put Money into Super
02/11/2025
171. Should I Pay Down Debt or Put Money into Super
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we address a listener's question about whether to focus on paying down debt or contributing to superannuation. We discuss key factors, such as the type of debt, tax benefits of superannuation, and personal risk tolerance, while emphasizing the importance of individual circumstances and long-term goals. Also, we explore strategies like balancing both options, the impact of interest rates, and leveraging equity for investments. Furthermore, we highlight the complexity of this decision and advocate seeking professional advice to optimize financial outcomes. Listen now to learn how to balance debt repayment and super contributions for 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 About “Should I pay down debt or contribute to superannuation?” Key factors include the type of debt (deductible vs. non-deductible) and its interest rate Tax benefits of making concessional super contributions Risk tolerance and individual preferences, such as comfort with carrying debt Strategies for balancing debt repayment and super contributions The importance of time horizon and liquidity considerations Equity building through property and its role in wealth creation Connect with Billy and Andrew! Check out our latest episode here:
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170. Market Wrap
02/04/2025
170. 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 take a deep dive into the latest market movements as we kick off 2025. We discuss the strong performance of the S&P 500, which saw a 2.24% rise in January, despite some pullback due to inflation concerns. We also explore the impact of Trump's return to office, analyzing how the market has largely anticipated his policies. A major highlight is Nvidia’s record-breaking $938 billion market cap loss following the emergence of a Chinese AI competitor. Turning to global markets, we note Europe's economic struggles, particularly Germany’s declining industrial production and exports. Meanwhile, China shows signs of economic recovery with a rebound in retail sales, despite continued weakness in property investments. Finally, we wrap up with Australia, where the ASX 200 outperformed the US market with a 3.14% gain in January. With inflation dropping to 3.2%, speculation grows about a potential Reserve Bank rate cut, which could provide much-needed relief to mortgage holders and boost consumer confidence. Join us for this comprehensive market wrap as we break down the latest financial trends and what they mean for investors. 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 Conflicting economic data S&P 500 performance and market reaction to Trump's return Nvidia’s record-breaking $938 billion market cap loss due to AI competition Europe’s economic struggles, particularly in Germany’s industrial sector China’s economic rebound with rising retail sales but continued property market weakness ASX 200 outperforming the US market with a 3.14% gain in January Inflation drop to 3.2% and speculation on a Reserve Bank rate cut Potential impacts on mortgage holders, consumer confidence, and investment trends Connect with Billy and Andrew! Check out our latest episode here:
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169. Melbourne Property Expectations 2025
01/28/2025
169. Melbourne Property Expectations 2025
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore Melbourne's property market trends and expectations for 2025, highlighting its unique underperformance compared to other Australian cities in 2024. While cities like Brisbane and Adelaide saw significant growth, Melbourne experienced a decline. Attributed to factors such as land tax reforms, increased regulatory burdens, and diminished investor confidence. Despite these challenges, we discuss the potential for recovery, driven by Melbourne's growing affordability relative to other cities, possible interest rate cuts, and renewed investor interest. Lastly, we emphasize the importance of aligning investment decisions with personal financial circumstances while identifying Melbourne as a promising medium-to-long-term opportunity for property investment. Tune in now to uncover the latest insights on Melbourne's property market and discover the opportunities ahead for 2025! - 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 Melbourne’s property market underperformed in 2024 compared to other cities Key factors: land tax reforms, regulations, and low investor confidence Melbourne’s affordability is now more attractive than other capitals Potential interest rate cuts could spark market recovery Consumer and investor confidence may drive a turnaround Importance of aligning investments with financial stability Connect with Billy and Andrew! Check out our latest episode here:
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168. Save Tax Leading Up to Retirement
01/21/2025
168. Save Tax Leading Up to Retirement
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss strategies for saving tax as you approach retirement, focusing on the Transition to Retirement (TTR) strategy. We explain how individuals can take advantage of tax arbitrage opportunities by utilizing superannuation rules. Key points include the use of two superannuation accounts—accumulation and pension—to optimize income and legally reduce tax obligations. We also explore how salary sacrificing into superannuation while drawing from a pension account can create significant tax savings, potentially amounting to tens of thousands of dollars annually. Discover how to save thousands in taxes before retirement—tune in now to learn about the Transition to Retirement strategy and maximize your superannuation benefits! - 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 transition to retirement strategy Mechanics of TTR strategy Tax benefits of TTR Contribution and withdrawal limits The complexities involved in managing TTR strategies and the importance of professional advice Connect with Billy and Andrew! Check out our latest episode here:
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167. New Years Finance Solutions
01/14/2025
167. New Years Finance Solutions
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we kick off 2025 with a focus on financial planning for the new year. We discuss revisiting financial goals, reflecting on the past year's successes and challenges, and addressing any financial "hangovers" from the holiday season, such as credit card debt. Additionally, we emphasize the importance of reviewing budgets, managing subscriptions, shopping around for better deals on major expenses, and planning for both short-term and long-term goals. Furthermore, we encourage listeners to anticipate potential roadblocks and consult with financial advisors to refine their goals. Remember, stress that setting a clear strategy early allows for easier adjustments when unexpected changes occur. Wondering how to pay off debt and save for the future? Tune in to our latest episode for tips on a financially sound 2025. - 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 Reflect on financial goals Review and adjust the budget for the upcoming year Evaluate insurance providers Identify long-term and short-term financial goals. Anticipate potential roadblocks Establish a routine for financial planning Connect with Billy and Andrew! Check out our latest episode here:
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166. First Home Saver Super Scheme
12/10/2024
166. First Home Saver Super Scheme
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the First Home Saver Super Scheme (FHSSS), which helps first-time buyers save for a property deposit using superannuation. We highlight its tax benefits, such as contributions taxed at 15% instead of higher marginal rates, potentially saving individuals thousands annually compared to regular savings. However, we note the scheme’s complexity, with restrictions like annual and lifetime caps, making professional advice essential. While we commend its potential, we advocate for simpler rules and higher savings limits to increase accessibility. Want to learn how to supercharge your savings for your first home? Tune in now to discover the secrets of the First Home Super Saver Scheme. - 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 Introduction to First Home Super Saver scheme Scheme mechanics and benefits Regular savings vs. First Home Super Saver scheme Scheme limitations and complexities Consulting a financial advisor when using the scheme Connect with Billy and Andrew! Check out our latest episode here:
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165. Owning Assets in a Trust
12/03/2024
165. Owning Assets in a Trust
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the complexities of owning assets in a trust and offer guidance on when it might be beneficial. We address a common question about whether to buy assets individually or through a trust, weighing the pros and cons of each approach. We emphasize that trusts can provide a layer of protection for assets, particularly for business owners concerned about creditors. However, we clarify that trusts are not "bulletproof," especially when it comes to family court proceedings in cases of relationship breakdowns. We also outline different types of trusts, like unit trusts and discretionary family trusts, and explain when each might be more appropriate depending on factors like flexibility and who holds the assets. Get clarity on whether a trust is right for you and gain insights into safeguarding your assets effectively. Listen now to make informed decisions about your financial future!o - 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 Weighing pros and cons of owning assets in a trust versus individually Benefits of asset protection and tax flexibility with trusts Limitations of trusts in family court or in scenarios involving relationship breakdowns Cost and complexity considerations for setting up and maintaining a trust Importance of personalized advice for individual circumstances Connect with Billy and Andrew! Check out our latest episode here:
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164. How To Not Ruin Your Budget Over Christmas
11/26/2024
164. How To Not Ruin Your Budget Over Christmas
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we share tips to avoid overspending during the holidays. We stress setting a realistic budget, planning ahead, and avoiding credit card debt. Alternative gift ideas like Secret Santa, re-gifting, or pooling money for family experiences are encouraged, along with early online shopping and price comparisons to save money. We also highlight the value of saying no to costly commitments and focusing on meaningful, budget-friendly interactions. The goal: enjoy the season without financial regret. Ready to enjoy the holidays without breaking the bank? Tune in to this episode for simple, practical tips to keep your budget intact and make the season more meaningful! - 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 not overspending during Christmas Set up a gift saving account for future holidays Shop early to spread costs and be more thoughtful Consider re-gifting unused items Learn to say no to excessive social commitments Connect with Billy and Andrew! Check out our latest episode here:
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163. Offset vs. Redraw Account
11/19/2024
163. Offset vs. Redraw Account
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the differences between offset and redraw accounts, key financial tools for managing mortgage payments. We outline how both accounts reduce mortgage interest but differ in terms of flexibility and tax implications. An offset account, linked to a mortgage, allows daily transaction access, providing flexibility and potentially larger tax deductions if the property becomes an investment. In contrast, a redraw account holds excess funds paid toward the mortgage, which can be withdrawn, though with less flexibility and potential tax disadvantages for investment purposes. We also share strategies for utilizing offset accounts to manage lifestyle expenses efficiently, and emphasize the importance of understanding these accounts to maximize tax benefits and avoid costly errors. Tune in to this episode to understand the real differences between offset and redraw accounts, and learn strategies to make these tools work for your financial goals. Don’t miss out – hit play 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 Importance of mortgage education Mechanics of offset and redraw accounts Legal and tax implications Strategy for future investment properties Considerations and flexibility of offset accounts Connect with Billy and Andrew! Check out our latest episode here:
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162. Market Wrap
11/12/2024
162. 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 talked about post-US election market impacts. We start off with the positive response of the U.S. stock market, which reached all-time highs, and discuss the soft economic landing, resilient labor market, and potential inflation concerns if certain policies are enacted. We’ll also talk about challenges in Europe, where deflation concerns may lead to lower interest rates, and China's focus on boosting domestic demand to meet growth targets, which has implications for the Australian resource sector. Additionally, in Australia, the Reserve Bank has kept interest rates unchanged, despite inflation tracking within the target range. The Australian market has shown moderate growth, while the tight labor market and cost-of-living pressures impact retail sales, which are growing below average levels. Tune in to hear about the latest economic shifts post-US election, inflation impacts, and what’s happening in key markets across the globe. Get the full scoop on how these trends might affect you and your finances—listen 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 US market update European Central Bank considering reducing interest rates below neutral China's economic strategy ASX200 up 0.25% for the month Consumer spending subdued due to cost of living pressures Connect with Billy and Andrew! Check out our latest episode here:
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161. Purchasing a Property Using Super
11/05/2024
161. Purchasing a Property Using Super
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the intricacies of purchasing property using superannuation, particularly through a Self-Managed Super Fund (SMSF). We outline the fundamentals of SMSFs, including the flexibility they offer within the confines of superannuation legislation, as well as the responsibilities involved, such as managing contributions and undergoing annual audits. Also, we cover the costs associated with establishing an SMSF and the potential for property investment, emphasizing the strict regulations that prohibit personal use of SMSF-owned properties and the limitations on related party transactions. Tune in now to gain the knowledge you need to make informed decisions about your superannuation and property investments! - 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 superannuation to purchase property Self-managed super fund (SMSF) basics SMSF costs and property aspect SMSF property limitations and benefits Diversification and retirement considerations Connect with Billy and Andrew! Check out our latest episode here:
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160. Refinancing Considerations
10/29/2024
160. Refinancing Considerations
Welcome back to another episode of the 360 Money Matters Podcast! In this episode we discuss the key considerations around refinancing a mortgage, especially in light of potential interest rate reductions. We cover various factors, including negotiating with your existing lender, the "loyalty tax," and the pros and cons of fixed versus variable rates. Also, we dig deeper into using offset accounts, interest-only loans, and the importance of having a strategy for debt repayment. Finally, we emphasize being mindful of loan terms when refinancing, as extending the loan period can result in higher overall interest payments. Tune in now to get expert tips and avoid costly mistakes. Hit play and take control of your mortgage 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 refinancing Primary driver for refinancing Principal and interest vs. interest-only repayments Difference between offset and redraw accounts Loan term impact and refinancing strategies Connect with Billy and Andrew! Check out our latest episode here:
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159. Choosing The Right Superfund
10/22/2024
159. Choosing The Right Superfund
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the importance of paying attention to superannuation, as 12% of an employee's income is allocated to it. We explain that superannuation is a tax-effective trust structure designed to help grow wealth for retirement. Also, we explore various types of superannuation funds—industry, retail, wrap platforms, and self-managed super funds (SMSFs)—highlighting their differences in investment options, insurance, and complexity. Furthermore we emphasize the need to review your super fund as life circumstances change and advise seeking professional guidance due to the complexity and long-term impact of these decisions. Tune in to this episode now to learn how to make informed decisions about your super fund and ensure you're on the right path for retirement. Click to listen and take control of your super 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 Preservation rules keep money locked until retirement Four main categories of superannuation funds in Australia Importance of comparing funds on the same basis Importance of making the right choice early in one's career Connect with Billy and Andrew! Check out our latest episode here:
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158. Market Wrap
10/15/2024
158. 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 significant movements in the investment markets, highlighting the 5.18% rise in the S&P 500 over the last month, driven by factors such as East Coast dockworkers' strike resolutions and U.S. interest rate cuts. Additionally, we touch on China’s economic stimulus efforts, its potential global impacts, and the Australian market's growth. Furthermore, we tackled into the potential effects of the upcoming U.S. election on the markets and the Reserve Bank of Australia’s stance on interest rates. Don't miss out on the latest market insights! Hit play now and stay informed! - 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 S&P 500 is up by 5.18% for the month Household savings rate increased from 3.3% to 5.2% China implementing largest stimulus since COVID Australian Economy and RBA Connect with Billy and Andrew! Check out our latest episode here:
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157. Downsizing as a Retirement Strategy
10/08/2024
157. Downsizing as a Retirement Strategy
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore downsizing as part of a retirement strategy. We discuss why retirees often choose to downsize, such as reducing space and maintenance needs, and the financial benefits like unlocking equity from the family home to boost retirement income. The downsizer contribution allows those over 55 to contribute up to $300,000 (or $600,000 for couples) to their superannuation, providing tax-free retirement income opportunities. Lastly, we touch on strategies like purchasing a downsized property early to capture market growth and emphasize that personal financial advice is crucial for making the right decision. Don’t wait—unlock the potential of your property and secure a more comfortable retirement. Subscribe to our podcast for more expert financial advice, and start planning for 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 of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Reasons for downsizing Financial benefits of downsizing Tax advantages and Investment Options Alternative downsizing strategies Connect with Billy and Andrew! Check out our latest episode here:
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156. Growing Your Superannuation
10/01/2024
156. Growing Your Superannuation
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss superannuation and the strategies for growing it effectively. We address the importance of starting early, making consistent contributions, and understanding the tax advantages associated with superannuation. We answer common questions, such as why superannuation is a powerful investment tool and the benefits of tax-free income during retirement. Additionally, we highlight the importance of balancing super contributions with other financial priorities, like debt repayment or personal investments. In conclusion, we encourage listeners to maximize their super contributions where possible, while considering their individual financial situations and long-term retirement goals Learn practical tips, understand tax benefits, and discover how to set yourself up for a more secure retirement. Don't wait—start investing in your future today! Listen 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 superannuation Tax benefits of superannuation contributions and other financial goals Importance of maximizing concessional contributions when possible Concessional (pre-tax) and non-concessional (after-tax) contributions Choosing the right superannuation fund Connect with Billy and Andrew! Check out our latest episode here:
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155. Investment Mistakes to Avoid
09/24/2024
155. Investment Mistakes to Avoid
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss common investment mistakes that many investors make and how to avoid them. We highlight the importance of having a long-term investment timeframe, setting realistic expectations, and not getting caught up in market noise. We also emphasize the value of diversification to manage risk and the significance of time in the market over trying to time the market. Additionally, we explore the risks of not investing, the importance of controlling emotions, and the need for a clear investment strategy. Don't forget to listen and share this episode with someone who could benefit from these insights. Let's grow wealth together—one smart investment at a time! - 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 long investment timeframe Importance of diversifying across asset classes Risk mitigation through diversification Time in market vs. timing the market Impact of emotions on investment decisions Benefits of having a solid financial plan Connect with Billy and Andrew! Check out our latest episode here:
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154. Market Wrap
09/17/2024
154. 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 market trends, focusing on various global and domestic economic factors impacting investment decisions. We begin with a wrap-up of the U.S. market, highlighting a 4.36% increase in the S&P 500 driven by optimism around potential interest rate cuts by the Federal Reserve. We then touch on the Australian market, noting a 2.05% rise in the ASX 200, despite fluctuating commodity prices and uncertainties surrounding the RBA's interest rate decisions. We also cover the economic challenges in Europe, with slow growth prompting the ECB to lower rates, and concerns about China's economic slowdown, reflected in a 1.3% drop in the Shanghai Composite. Despite these global uncertainties, we explore how these factors might influence the Australian market and the potential implications for investors. Discover what these shifts could mean for your portfolio and why staying informed is more crucial than ever. Don't miss out—listen 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 S&P 500 up 4.36% for the month The US Presidential Race Australian market update RBA and government spending impacts on inflation Geopolitical concerns affecting markets Shanghai Composite down 1.3% for the month, 8% for the year Connect with Billy and Andrew! Check out our latest episode here:
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