360 Money Matters: Recent Episodes
Billy Amiridis
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.
Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we unpack what falling interest rates really mean for mortgage holders and how we can make the most of the changing financial landscape. We look at the Reserve Bank of Australia's recent rate cuts, driven by a push to curb inflation and boost the economy and break down the key actions borrowers should consider. We highlight the importance of checking whether your lender has passed on the full rate cut, caution against extending your loan term when refinancing, and explain why keeping your repayments steady can significantly accelerate debt reduction. We also share practical ideas for using the freed-up cash flow, whether that’s boosting your super, investing, or setting aside money for future goals and emphasizing that smart planning is essential to avoiding lifestyle creep and turning short-term savings into long-term financial wins.
Tune in to learn how to turn falling interest rates into a smart financial advantage and make the most of your mortgage.
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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
- Why interest rates are falling and what it means for the economy
- How to check if your lender has passed on the full rate cut
- The risks of resetting your loan term when refinancing
- Benefits of maintaining your current mortgage repayments after a rate cut
- Offset account strategies to reduce temptation and boost security
- Avoiding lifestyle creep and using surplus cash flow wisely
- Options for redirecting savings: super contributions, investments, and future goals
- How falling rates may open up new borrowing or investment opportunities
- The importance of reviewing your financial strategy with professional advice
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed turning a side hustle into a full-fledged business. We explored the importance of validating the business idea and achieving consistent income before quitting a day job. We emphasized the need for separating personal and business finances, understanding tax obligations, and planning for growth rather than just survival. We also highlighted the significance of considering insurance, superannuation, and long-term financial planning, including strategies for drawing income from the business and protecting family finances. Finally, we stressed the importance of planning for growth, embracing available tools for efficiency, and recognizing the evolving roles and responsibilities as a business owner.
Turn your side hustle into a thriving business – listen now to learn how to validate your idea, manage finances, and plan for long-term growth!
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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
- Validating your side hustle before going full-time
- Managing risk, finances, and tax from the start
- Why separating personal and business money matters
- The importance of the right business structure
- Don’t skip super—your future self will thank you
- Planning for lumpy income and lifestyle changes
- Building a business, not just buying yourself a job
- Leveraging tech to grow faster and work smarter
- Think big—and then think even bigger
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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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 explore into a comprehensive market wrap for May, examining global economic shifts and what they mean for investors. We discuss the S&P 500’s sharp rebound of 5.89%, which, while impressive, mostly recovers previous losses, and we explore growing investor caution amid U.S. political unpredictability, especially tariff threats from Donald Trump that could impact companies like Apple and broader market confidence. We also look at China's liquidity injection of $138 billion in response to trade tensions, the steady 4.2% rise in the Australian market, and potential RBA interest rate cuts aimed at easing mortgage pressure. While the Australian economy shows signs of a "soft landing," we note that quality of life and discretionary income remain under strain.
Tune in to hear how global market shifts, political tensions, and economic policies could impact your investments—and what you can do to stay financially on track.
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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 * Strong S&P 500 rebound in May with a 5.89% gain * Market volatility fueled by Trump’s tariff threats and uncertainty around the U.S.-China trade negotiations * Apple used as a case study to highlight the real-world impact of proposed tariffs and manufacturing shifts * China injects $138 billion in liquidity to counter trade tension effects and stimulate the economy * Australian market rises 4.2%, echoing global recovery patterns * Reserve Bank of Australia delivers a 25 basis point rate cut, with more cuts expected in 2025 * Inflation stabilizes within the RBA’s 2–3% target band, while GDP growth forecasts are revised down * Discussion on Victoria’s post-COVID fiscal policy and its long-term economic consequences
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we explore the crucial topic of raising financially savvy children. We explore how our behaviors as parents shape our kids’ understanding of money and share practical strategies to teach financial literacy at various ages. We talk about the importance of modeling good habits, encouraging earning through chores, differentiating needs from wants, and using tools like spending, saving, and giving jars or modern digital alternatives to build strong financial foundations. We also discuss how conversations around real-world money decisions, investing, and opportunity cost can empower children to make smarter financial choices. We reflect on our own experiences as parents, and together, we aim to provide listeners with valuable tips to set their children up for a secure financial future.
Tune in to this episode to discover practical strategies and insights to help you raise financially savvy kids who are confident and capable with money from an early age.
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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
- Why it’s crucial to start teaching kids about money from a young age
- The impact of parental modeling on children's financial behaviors
- Age-appropriate ways to introduce financial concepts like saving, spending, and giving
- How pocket money can be structured to teach responsibility and effort-based rewards
- The benefits of involving children in real-world money decisions and budgeting
- Tools and systems to help kids manage money in a digital world (e.g., jars, apps, debit cards)
- Teaching concepts like needs vs. wants, value, opportunity cost, and delayed gratification
- Why it’s important to let kids make small financial mistakes early
- How to prepare children for investing and long-term financial thinking
- The importance of financial literacy as a lifelong skill and foundation for independence
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we go behind the scenes of what your very first financial advice meeting looks like. We kick things off with a lighthearted tribute to Warren Buffett’s retirement, before diving into the real topic—what to expect when meeting a financial advisor. We explain that financial advice isn’t just about investing; it’s about understanding your lifestyle, values, goals, and personal circumstances to build a strategy tailored to you. We walk through the types of questions we ask, the documents you should bring, and some of the biggest myths around financial advice—like needing to be wealthy or that advisors will force you to stop enjoying life. Instead, we aim to empower you to make more intentional financial decisions.
Tune in to this episode for a candid look at your first financial advice meeting and discover how personalized planning can truly transform your financial future.
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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
- What to expect in your first meeting with a financial advisor
- Common misconceptions about financial advice and who it's for
- Why financial advice is about strategy, not just investments or products
- The importance of understanding your goals, lifestyle, and values
- How financial planning adapts to life events and changing priorities
- Practical tips on what documents to bring and how to prepare
- The power of being intentional with money to enhance life satisfaction
- Why ongoing financial advice is more valuable than one-off transactions
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we explore the intricacies of managing finances within a relationship, presenting three main approaches: fully merging finances, maintaining separate accounts, or adopting a hybrid model. We evaluate the pros and cons of each option, highlighting how joint finances promote transparency and simplicity, while separate accounts can foster independence but may lead to complications in wealth generation and financial visibility.
Also we dive into the unique challenges faced by older couples, including existing assets and inheritance issues, and emphasizes the importance of binding financial agreements in cases of significant asset disparities. Best practices for effective financial management is also discussed, advocating for regular financial check-ins and open communication to adapt financial structures as life circumstances evolve.
Tune in to learn how to navigate the complexities of merging or separating finances as a couple and build a strong financial future together.
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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
- Different ways couples manage money: joint, separate, or hybrid approaches
- Importance of open and honest conversations about finances in relationships
- Navigating financial differences and building mutual trust
- How transparency and shared goals can strengthen financial harmony
- Respecting individual autonomy while planning together
- Practical tips for deciding when and how to combine finances
- The role of communication in avoiding financial conflict
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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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!
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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!
360 Financial Strategists
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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!
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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!
360 Financial Strategists
Check out our latest episode here:
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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!
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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!
360 Financial Strategists
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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!
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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!
360 Financial Strategists
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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!
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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!
360 Financial Strategists
Check out our latest episode here:
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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!
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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!
360 Financial Strategists
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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!
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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!
360 Financial Strategists
Check out our latest episode here:
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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!
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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!
360 Financial Strategists
Check out our latest episode here:
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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.
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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!
360 Financial Strategists
Check out our latest episode here:
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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!
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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!
360 Financial Strategists
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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!
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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!
360 Financial Strategists
Check out our latest episode here:
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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!
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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!
360 Financial Strategists
Check out our latest episode here:
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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!
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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!
360 Financial Strategists
Check out our latest episode here:
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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!
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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
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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!
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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
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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!
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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
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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.
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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
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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.
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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
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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
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss the current state of the Victorian property market. We explore the growing concerns among property owners about whether to sell or hold onto their properties in Victoria, driven by a recent dip in the market and policy changes, particularly regarding land tax and rental standards. We also analyze historical growth rates, compare Victoria’s market performance to other Australian states, and discuss the long-term prospects for property investment in the region. Despite short-term challenges, the current market conditions may present a strong buying opportunity for those with a long-term investment strategy.
Join us in this episode as we break down the latest market trends, policy changes, and what they mean for your investment. Don't miss out—listen now!
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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
● Current state of the Victorian property market
● Recent concerns about the Victorian property market
● Factors affecting Victorian property market
● Impact of cash flow on property investment decisions
● Considerations for holding vs. selling properties
● Impact of population growth and construction costs on the market
● Possibility of rapid market changes with increased confidence
● Importance of aligning property investment with long-term strategic plans
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed the concept of debt recycling, a financial strategy that allows individuals to pay down their non-deductible debt, such as a home mortgage, while simultaneously investing to build deductible debt, which can provide tax benefits. The strategy involves using equity from one's home to invest in income-producing assets like shares. Over time, the income generated from these investments is used to pay down the non-deductible debt, while the investment debt increases, effectively converting non-deductible debt into deductible debt.
Furthermore, we go into the suitability of this strategy, noting that it is most beneficial for higher income earners and those with a stable financial situation, including secure income and a solid banking strategy. We emphasize that while debt recycling can be powerful, it requires a strong understanding of both investing and debt management, making it suitable for individuals who are comfortable with these aspects.
If you're ready to take control of your financial future and maximize your wealth, don't miss out—listen now!
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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 concept of debt recycling
- Difference between good (tax-deductible) and bad (non-deductible) debt
- Who debt recycling is suitable for
- Keeping a non-deductible debt on principal and interest repayments
- Risks associated with debt recycling
- Exit strategies for debt recycling
- Options like paying down deductible debt or selling portions of the investment portfolio
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed the dilemma of whether to pay down a mortgage or invest, especially in a high-interest rate environment. We emphasize that there is no one-size-fits-all answer and that the decision should be based on individual circumstances, financial goals, and risk tolerance. People should consider their long-term financial strategy, including their retirement goals, and factor in the potential impact of inflation and tax implications. While paying down a mortgage offers a guaranteed return, we suggest that starting an investment journey early can be beneficial with the power of compounding.
Ready to find your financial balance? Hit play and join us for a conversation that will help you make informed decisions about your money.
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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 whether to pay down the mortgage or invest
- Mortgage strategy considerations
- Investment and tax considerations
- Importance of tying strategy to long-term goals
- Debt recycling and combined strategies
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss making your investment portfolio recession-proof, emphasizing both mindset and practical strategies. We explore what a recession entails, highlighting the importance of maintaining a stable personal budget and having an emergency fund to cushion against economic downturns. We dig into the significance of not panicking and avoiding rash decisions like panic selling. Instead, we recommend focusing on long-term goals and viewing downturns as opportunities to buy quality assets at a discount. We also stress the value of holding a diversified portfolio to ensure steady income despite market volatility.
Join us now to strengthen your investment strategy and achieve financial resilience!
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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
- Definition of recession
- Keeping a level head and manage personal cash flow
- Avoiding panic selling
- Investing in high-quality assets that generate income
- Considering having money aside to take advantage of market downturns
- Balancing regular contributions with opportunistic investing
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss retirement planning considerations, emphasizing both financial and lifestyle aspects. We explore how traditional retirement perceptions, like relying on age pensions, are evolving. We highlight the importance of budgeting and understanding income needs based on lifestyle choices and activities during retirement. We address the transient nature of retirement, where individuals might transition from full-time to part-time work before fully retiring. Lastly, we emphasize the significance of planning for potential inheritance and the benefits of superannuation due to its tax advantages.
Tune in now to master your retirement planning and secure a financially and personally fulfilling future!
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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
- Retirement income needs and lifestyle choices
- Estate planning and inheritance
- Importance of shaping retirement income and flexibility
- Property considerations in retirement
- Importance of early retirement planning
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss investing in precious metals, including gold, silver, platinum, and palladium, and how they serve primarily as a store of wealth rather than a traditional investment. We address a common question from listeners about whether they should invest in precious metals and explore various ways to purchase and store these assets, such as physical bullion, ETFs, and investing in mining companies. We highlight the importance of understanding the liquidity and transaction costs associated with precious metals.
Additionally, we emphasize diversification and how precious metals can provide a hedge against inflation and market volatility. We also draw a comparison between precious metals and cryptocurrency, noting their differing behaviors and potential roles in an investment portfolio.
Learn about gold, silver, and more, and discover how these assets can help you hedge against inflation and diversify your portfolio. Tune in now to gain valuable insights and practical tips to enhance your investment strategy.
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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 precious metals seen as a store of wealth and hedge against inflation
- Characteristics and history of precious metals
- Precious metals as part of portfolio diversification
- Similarities and differences between precious metals and cryptocurrencies
- Importance of diversification in portfolio construction
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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 activities, focusing on the U.S. and Australian economies. We note that the S&P 500 decreased by 0.77% in July, though smaller companies showed growth due to sensitivity to lower interest rates. In the U.S., potential interest rate cuts are anticipated as inflation eases, while Trump’s potential election could impact economic policies. Europe sees economic uncertainty with the ECB keeping rates unchanged at 3.75%. In contrast, Australia experiences high inflation and rising employment, with the ASX 200 up 29 basis points, indicating market resilience despite economic challenges.
Stay informed on global market trends by subscribing to our podcast. Don't miss our in-depth analysis on the U.S. and Australian economies, as well as key insights into potential interest rate changes and their impacts. Subscribe now and stay ahead in the financial world!
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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 down 0.77% for the past month
- Expectation of US interest rate cuts in near future
- US Politics and economic outlook
- European Central Bank rates unchanged at 3.75%
- Australian employment rose by 50,000 in July
- Australian economic outlook and interest rates
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, Vicki Likoudis from True North Advocacy shares her diverse background in small business, property development, and advocacy, emphasizing the link between business and commercial property in her career. She discusses different types of commercial property while highlighting the key attributes of commercial property: better cash flow, tenant-paid expenses, longer leases, and potential for capital growth, which set it apart from residential property.
Vicki explains the benefits of using a commercial buyer's advocate, including specialized knowledge, focus on investment potential, and thorough due diligence on properties and tenancies.
Learn more about the benefits with a commercial buyer's advocate by listening to this episode today!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
- About Vicki Likoudis
- Different types of commercial property
- Typical commercial property clients
- Attributes of commercial property
- Benefits of using a buyer's advocate
- Increased interest in commercial property from residential investors
- Do's and Don'ts of Buying Commercial Property
About Vicki Likoudis
With a diverse property and business background, Vicki has developed a finely-tuned craft and passion for assessing and buying property, 15 years in the making. Her focus is always on exceptional client outcomes and lasting relationships and is highly regarded as a valued advisor and mentor in her community.
Prior to forming True North Buyer's Advocacy, Vicki held the position of CEO for a leading sustainable property developer in Melbourne, reinforcing her passion for connecting people to the right buying outcomes. Her astute buying approach centers on diligent research, tenacity, intelligent negotiation and a commitment to getting the absolute best result for her clients.
Whether it’s securing your business property or a commercial property investment, Vicki’s primary goal is to guide your buying confidence with clarity so you can cut through the noise, purchase with confidence and find the best property for you and your goals.
Connect with Vicki Likoudis:
- Website | www.truenorthba.com.au
- Linked In | au.linkedin.com/in/vickilikoudis
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed the average super balance for your age, highlighting the importance of starting early and making regular contributions. We break down the average superannuation balances for males and females in various age groups, from 25-29 to 60-64, and emphasize the power of compounding interest. We also explore the potential retirement income that different superannuation balances could generate, considering factors like lifestyle and estate planning. Furthermore, we encourage seeking financial advice to ensure you have a plan in place to achieve your retirement goals.
Tune in to our latest episode to understand the importance of starting early and making regular contributions to your superannuation. Listen now and take the first step towards a comfortable and well-planned retirement!
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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
- Average superannuation balances for different age brackets
- Importance of early contributions
- Strategies to boost super balances
- Calculating retirement income based on super balances
- Importance of having a comprehensive retirement plan
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed the important considerations when buying an investment property. We emphasized the need to align the property purchase with long-term financial strategies and goals. This includes understanding the financial impact on household budgets, getting finance approved, considering the pros and cons of different ownership structures, and knowing the potential cash flow implications. We also highlighted the value of professional advice, such as using buyer advocacy services, and the importance of having adequate financial buffers to manage unexpected expenses and market changes. Additionally, we stressed the necessity of a risk mitigation strategy and cautioned against making emotionally driven investment decisions.
Discover the value of professional advice, the importance of financial buffers, and the necessity of a solid risk mitigation strategy. Don't miss out—listen now and make informed decisions for your investment future!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
- Importance of financial considerations before buying an investment property
- Aligning investment property with long-term wealth creation strategy
- Finance approval and budgeting
- Different ownership structures
- Using buyer advocacy services
- Cash flow buffers and risk mitigation strategies
- High costs associated with buying and selling properties
- Avoiding emotional investment in property decisions
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed the upcoming stage three tax cuts and how individuals can effectively utilize the extra income. We touched on how the tax cuts will result in increased take-home pay. We advised considering several options for using this extra income, such as making mortgage repayments to save on interest, investing in superannuation for long-term growth, saving for future expenses like a child's property deposit, and considering macroeconomic implications like inflation. We emphasized the importance of planning and discipline in managing this extra income.
Don't miss out on our latest episode where we dive into the upcoming stage three tax cuts and how you can make the most of your extra income. Listen now and start planning your financial future!
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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 upcoming stage three tax cuts and their implications
- Using tax cuts for mortgage repayments
- Investing tax cuts in superannuation
- Saving for a child's future property deposit
- Macro-economic considerations
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we tackle the complexities of managing cash flow with irregular income. For those that are self-employed, earning commissions or bonuses, this can be a difficult thing to manage. We discuss the pitfalls of using credit card debt and stress the importance of appropriate cash flow management from the outset to avoid financial traps. The Cash Flow Bootcamp is recommended for detailed guidance on these strategies. For couples with mixed income types, we advise using regular income for fixed expenses and irregular income for variables and investments, while emphasizing the necessity of discipline and planning.
Furthermore, we cover the potential benefits of irregular income, like using bonuses for investments or debt repayment, along with examples of clients who have successfully managed their finances. The episode concludes with a summary, urging listeners to seek help with managing irregular income and to engage with future content.
Don't navigate the complexities of irregular income alone. Join us for detailed guidance and practical strategies to secure your financial future.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
- Challenges of managing irregular income
- Strategies for managing irregular income
- Bucketing strategy and cash flow bootcamp
- Managing finances in a relationship
- Benefits and challenges of irregular income
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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 recent market trends, with a primary focus on the U.S. and Australian economies. We highlight the strong performance of the S&P 500 in May, driven largely by tech giants like Nvidia, which significantly contributed to market growth due to the increasing influence of AI. Inflation in the U.S. shows signs of easing, potentially paving the way for rate cuts, while in Europe, the ECB is anticipated to reduce rates to stimulate economic growth. In contrast, Australia's inflation remains high, and GDP growth is stagnating, raising concerns of stagflation.
Additionally, we note the impact of rising construction costs on housing supply and rental prices. We suggest that Australia's interest rates might stay on hold longer than expected due to persistent inflationary pressures.
Tune in to this episode for an in-depth analysis of these critical economic developments and their potential impact on your investments. Don't miss out on the latest insights—listen now!
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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 performance
- AI's transformative potential in businesses
- Australian market and economy
- Inflation and interest rates
- The European Central Bank (ECB) is expected to lead in cutting rates
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we talk about two ways people invest their money, active and passive investing. We explain that with passive investing, you put your money in a fund that follows the big companies in a certain market, like the S&P 500. But with active investing, you try to beat the market by making active choices about where to put your money that will outperform the market.
We also discuss the benefits and detriments of each approach - such as the ease, simplicity and cost effectiveness of passive investing and the opportunity for improved investing with active investments.
It's important to get advice and choose the right approach for you. Don't miss this episode to learn more about how to invest your money wisely!
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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
- Comparing active investments and index investing
- Complexity of investing and the search for growth opportunities
- Factors influencing investment choices
- Warren Buffett's investment philosophy
- Importance of after-tax performance and considering tax implications in investment decisions
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed employee share schemes and their implications. We explored the concept, benefits, risks, tax considerations, vesting periods, and the impact on employees' financial decisions. We also emphasized the importance of understanding the pros and cons of participating in employee share schemes. This highlighted how these schemes can align interests between employees and businesses but also pose risks, such as potential loss if shares decline in value or tax complications.
Tune in to our latest episode where we dive into the world of employee share schemes! Don't miss out—listen now to make informed choices about your participation in employee share schemes!
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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 what employee share plans are
- Benefits and challenges of employee share plans
- Importance of understanding the tax implications associated with different share schemes
- High failure rate of startups and the risks associated with holding shares in such companies
- Intention of share schemes
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed the end of the financial year and tax planning tips, focusing on the effective utilization of superannuation. Key points included maximizing contributions, leveraging concessional and non-concessional caps, and using catch-up contributions before deadlines. Superannuation was emphasized for future financial stability through tax planning strategies like pre-tax contributions. We also discussed government co-contributions to boost super balances for low to middle-income earners, spouse contributions for tax benefits, and planning ahead for optimal results with approaching deadlines.
Furthermore, we recommended managing working from home expenses, adhering to good record-keeping practices, and seeking early advice from professionals for effective long-term tax strategies.
Don't miss out on essential tips to maximize your financial stability and make the most of your superannuation! Listen now and take control of your financial future!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
- Considerations for superannuation contributions
- Catch-up contributions and maximizing concessional contribution caps
- Importance of strategic planning and contribution strategies
- Capital gains tax events and planning for tax efficiency
- Keeping receipts for potential tax deductions
- Reviewing budgets and financial plans
- Importance of early planning and collaboration with tax advisors
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we explore deeper into the intricacies of year-end tax planning and the impending modifications in superannuation. We broke down significant adjustments like the transfer balance cap set at $1.9 million and the forthcoming increase in concessional contributions to $30,000 annually.
Additionally, we explored the bump in after-tax contributions to $120,000, accompanied by a three-year bring-forward option. We also examined the uptick in super guarantee contributions from 11% to 11.5% and the simplification of preservation age to 60 for all individuals. We touched upon the anticipated stage three tax cuts set to take effect on July 1st. Our discussion includes the importance of seeking tailored advice to capitalize on these changes effectively.
For deeper insights, catch the entire episode and stay tuned for ongoing financial guidance by subscribing to our podcast. Join us now!
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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 changes
- Changes in superannuation limits
- After-tax contributions and bring forward rule
- Super guarantee contribution and preservation age
- Stage three tax cuts and financial planning
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, Marcel Dybner, a Partner at Besser+Co Estate Agents in Melbourne, recounts his journey starting from a challenging rental experience that steered him towards making a positive impact. Initially focusing on sales, he entered property management before joining Dion at Besser & Co. He addresses the current property market dynamics, where increased interest rates and landlord pressures are prompting property sales.
Furthermore, the strategies for selecting attractive properties are emphasized, highlighting factors like location, livability, and future development potential. Auction insights reveal varying bidding tactics, with some opting for aggressive early bids and others strategic late entries. Notably, there's a trend towards single-level homes due to the convenience they offer to an aging population. Marcel underlines the importance of seizing investment opportunities aligned with personal goals and financial considerations amidst debt levels and economic uncertainties.
Listen to the full episode for insightful perspectives on navigating the property market and making informed investment decisions.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
- About Marcel Dybner
- Overview of Besser and Co. Estate Agents
- Property market trends and challenges
- Factors influencing property purchases
- Property development and investment strategies
- Property selection based on client needs
- Financial considerations and discussions on loan repayments
About Marcel Dybner
Marcel is a Partner at Besser+Co Estate Agents in Melbourne and has been recognised as a leader in the Real Estate industry.
Along with his own blog, he has been published in The Age, Sydney Morning Herald, Business Insider, Smart Company, Property Observer and a host of other publications. He was most recently on the cover of Elite Agent Magazine and featured in their ‘Every Agent has a Story’ series alongside Million Dollar Listing LA (MDLLA) brothers Matt & Josh Altman.
Property represents most people's largest single asset and handling its tenancy carries significant responsibilities.
Marcel strives to deliver superior service through constant communication with clients, achieving excellent rental returns and the best results possible. His drive, along with his ability to communicate both with and between parties in an approachable manner, provides Marcel and his clients with a competitive market edge.
Connect with Marcel:
- Website | www.askmarcel.com.au
- Linked In | www.linkedin.com/in/marceldybner
- Instagram | @marceldybner
- Twitter | @askmarcel
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss asset protection strategies concerning personal and business finances. We stress the importance of segregating personal and business assets to shield against risks like creditors or business failures. Utilizing trusts, companies, superannuation for asset protection, and advising seeking professional guidance from financial advisors, lawyers, and accountants for legal compliance and tax planning. Lastly, we emphasize early planning and professional advice, noting the need for a comprehensive approach considering taxation, wealth goals, risk management, and legal compliance.
Learn essential strategies from financial professionals to protect against risks and maximize your wealth potential. Don't miss out – listen now for invaluable advice on securing your financial future!
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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 accumulated assets
- Separating business assets from personal assets for protection
- Trusts and entity structures
- Company structures for business
- Utilizing superannuation contributions
- Business protection measures
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss rentvesting, a strategy where you rent your home while investing in other properties for income. This approach provides flexibility in your living situation while potentially generating returns from your investments. We discuss the tax advantages, such as mortgage interest deductions, and potential drawbacks like less security in your living situation and loss of first-time homebuyer benefits. We also touch on the need for careful cash flow management and alternatives like "own vesting."
If you are rentvesting or planning to, listen to this episode and find out more about it. Join us for a meaningful discussion!
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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 rentvesting
- Exploring the benefits of rent vesting in terms of investment returns and lifestyle choices
- Challenges of balancing lifestyle requirements with property investment goals
- Importance of considering cash flow implications and diversifying investments beyond property
- Discussion on the importance of setting a trajectory and seeking guidance for successful rent vesting
- Tax implications and alternative strategies
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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 !
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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
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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!
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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
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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.
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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
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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.
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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.
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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
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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.
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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.
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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
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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.
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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
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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!
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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 | www.elston.com.au
- Linked In | au.linkedin.com/in/bruce-williams
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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!
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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
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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.
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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
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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!
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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!
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed debt recycling, a method of turning owner-occupied debt that is not deductible into deductible debt in order to pay off your mortgage quicker. By withdrawing equity from a property and using it for investments, debt can be transformed. The debt that is not deductible is subsequently paid off with the investment proceeds.
Discover how to turn non-deductible debt into deductible debt, accelerate your mortgage payments, and make informed decisions about your financial future. Don't miss out on this opportunity to take control of your finances and build a brighter tomorrow!
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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 is debt recycling
- Owner occupied debt
- Good debt and bad debt
- Implementing debt recycling and how does it work
- About managing debt and overall strategy
- Criteria for considering debt recycling
- How to utilize debt recycling and its benefits and risks
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed whether to pay down debt or invest surplus money. We highlighted that with higher interest rates, people are paying more attention to their debts and also their cash flow. In turn, people are questioning whether they should be putting more money towards these debts or if they should be putting money towards investments.
We mentioned considering deductible versus non-deductible debt and factoring in the retirement time frame when making decisions about debt repayment. Additionally, it's crucial to consider risk tolerance and comfort levels when deciding whether to prioritize paying off a mortgage or investing money into growth assets.. Understanding the importance of having a strategy, seeking advice, and considering long-term goals when making financial decisions is a critical aspect to determining the right strategy..
By tuning in, you'll grasp the nuances of risk tolerance, comfort levels, and how they influence prioritizing mortgage payments over investments. Gain valuable insights into crafting a financial roadmap, seeking expert advice, and aligning choices with long-term goals. Don't miss out on this episode, where financial wisdom meets actionable steps towards a secure future.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
- Considerations for what decision you should make
- The ‘sleep test’ as a starting point
- Exploring different options and scenarios
- Tax implications
- Shaving off years from the mortgage
- Balancing debt repayment and wealth creation
- Emotional responses
- Debt recycling strategy
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment.
In this podcast episode, we discussed what has been happening in financial markets over the last 12 months. We mentioned that both the US and European Central Banks have raised rates, however signaling a possible end to rate hikes in the US. Additionally, we touched on inflation numbers both in Australia and abroad. We also addressed the slowing Chinese economy and the lack of information that has been coming out about this. Furthermore, we mentioned that the Reserve Bank of Australia has decided to keep rates on hold for the time being.
Join us in our latest podcast episode as we dissect key financial market trends: US and European rate hikes, global inflation's mortgage impact, China's economy, and Australia's interest rate stance. Stay ahead in the financial world – listen now!
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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
- Rate tightening in the US vs Australia
- The impact to mortgage repayments
- Signaling from the US Federal Reserve
- Situation in Europe
- Chinese economy
- Reserve Bank meeting in Australia
- Managing expectations and the lag effect
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we are celebrating reaching our 100th episode. Therefore, we will be discussing a high level summary of how you can get your finances back on track. We will emphasize the need for a solid cash flow plan to ensure financial stability and highlight how it underlies all other aspects of financial planning. Additionally, we will stress that having a clear starting point is crucial to making informed decisions about improving one's financial future.
Listening to this episode will provide people with valuable insights into how to get their finances on track and set clear financial goals.
Ready to take control of your finances and secure a better financial future? Tune in to our 100th episode now and learn how to get on track with a solid cash flow plan. Don't miss out on this opportunity to gain valuable insights and take the first step towards financial success!
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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 understanding current financial situation
- Setting goals and formulating a financial strategy
- Focus on cash flow management
- Future planned expenses and retirement planning
- Optimizing current financial position
- Taking a step-by-step approach to financial planning
Connect with Billy and Andrew!
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we talked about getting into your first property. We provided a checklist for first home buyers, emphasizing the importance of doing thorough research, knowing the process of buying a property, and getting a pre-approval before looking at properties and much more!
This episode will arm first home buyers and anyone that is looking to purchase a property, with the tools and knowledge around how to go about purchasing a property.
Ready to take the first step towards owning your dream home? Tune in to our latest episode where we share a comprehensive checklist for first home buyers, essential research tips, and expert advice on getting pre-approved.
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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
- Do your research
- Know the process
- Get a pre approval
- Stamp duty
- Borrowing money
- Fixed rate loan
- Set a price limit
- Getting a contract of sale
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss asset protection and the importance of early planning to shield assets from potential creditors. We explore strategies such as separating personal and business assets, using trust structures, considering different ownership entities, and even transferring assets to a partner's name for added protection. We delve into the benefits and drawbacks of owning assets through trusts or individual ownership, as well as utilizing company structures for businesses. It is crucial to seek proper advice and carefully weigh asset protection and taxation implications when choosing the right structure from the beginning.
Tune in to our episode now to learn valuable insights on safeguarding your assets and securing your financial future!
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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 capital gains tax of moving assets
- Separating your personal assets from your business assets
- Trust structure
- Company structure
- Superannuation as an asset protection vehicle
- Investment bonds
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, the topic is born out of a question that was asked by one of our listeners. A listener had reached out and wanted to know what they could do early in their wealth journey to set themselves up financially.
It can sometimes feel like you need to be earning a lot of money or already have a lot of money before you start thinking about finances. However the fact of the matter is that the earlier you start the better off you will be. So in this episode we will arm you with the tools and steps that anyone can take to prepare themselves for financial freedom.
Ready to kickstart your wealth journey and achieve financial freedom? Join us in this episode as we dive into the topic of getting started early and setting clear goals.
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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
- Spend less than you earn and invest the surplus
- Maximize that surplus
- Cash flow management system
- Set your goals
- Building up your understanding of investing, financial markets and money management
- Compound interest
- Some of the types of investments to consider
- Having a risk mitigation strategy
Connect with Billy and Andrew!
360 Financial Strategists
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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 will be discussing what has been happening with financial markets. We start off by examining the current state of the US economy, noting mixed data but a strong job market. There is increasing confidence among economists that a soft landing is possible to avoid a recession. Moreover, there is a downward trajectory in wages and rents in America, potentially signaling that interest rates are starting to peak. We will also circle around the growth expectations of the Chinese market as well as how all of this will relate back to things domestically in Australia.
Don't miss out on this opportunity to stay informed and make informed decisions. Listen now to gain a deeper understanding of the market and its potential impact on your financial outlook.
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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
- Mixed data coming out of the US
- The commentary surrounding rate rises
- S&P 500 for the month of June
- Wages and rents
- The chinese economy
- RBA keeps rates on hold
- Current state of Australian markets
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we talked about the things we wish we knew in our younger years, starting with finances and health. These two aspects are quite correlated because if you get your health right, you'll never have to worry about spending a bunch of money on correcting bad habits later on. It's important to be aware that healthcare is quite expensive. Additionally, understanding the fundamentals of personal money management is essential as this will form the building block of your wealth creation in the future.
Take charge of your future today! Educate yourself and invest in your financial knowledge.
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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 & Patrick Nong of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
- Learn about finances and health
- Personal money management
- Learning the basics of investing
- Compounding interest
- Investing in yourself
- Consumerism
- Learning how to sell
- Being a well rounded individual
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we will discuss setting yourself up for success in the new financial year. The first topic we will dive into is reviewing your budget as it’s an integral part to getting on top of your finances. It's crucial to ensure that your budget is as accurate as possible and reflects your own spending habits and also includes your debt obligations, as debt repayments have become increasingly bigger consideration these days. When you are in debt, make sure to have a competitive interest rate, as it can make a significant difference over the life of the loan. Additionally, in the financial world, it is important to set goals for the future, figure out what you need to do, and optimize your position to be well-prepared for another financial year.
Don't miss out on valuable opportunities to improve your financial position. Start now and set yourself up for success!
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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
- Review you budget
- Debt management
- Competitive interest rates
- Investment strategy
- Insurance
- Emergency funds
- Employment occupation status
- Post tax or non concessional caps
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360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we will discuss the foundation of financial success and what it takes to achieve it. To achieve financial success, the building blocks are money management and understanding financial literacy. We also cover the importance of having a cash flow management system in place, which relieves the burden of constantly worrying about managing your expenses. By adhering to a budget plan and limiting your spending, you can establish an emergency cash fund and avoid accumulating debt or needing to take out a loan.
Make sure you set yourself up with solid foundations, so you can build your wealth up higher and higher.
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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
- Spending less than you earn
- Cash flow management system
- Having an emergency account
- About debit
- Having a budget
- Insurance protection plan
- Deposit plus stamp duty
- Retirement income
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360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode we have a special co-host Patrick Nong - Financial Adviser and Partner at 360 Financial Strategists.. We discuss the delicate balance between debt repayments vs wealth accumulation for retirement. We explore various strategies, such as increased superannuation investments, increased debt repayment and stress testing retirement income projections. We also touch upon the human element in financial decision-making, including differing priorities between partners and the influence of behavioral finance.
Tune in now and learn how to balance debt, grow wealth for retirement, and navigate the complexities of financial decision-making.
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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
- Debt and retirement planning
- Balancing the art and science of financial advising
- Retirement income planning
- Creating options for clients
- Importance of addressing financial planning early
- Navigating trade-offs and psychological considerations
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode we have a special co-host Patrick Nong - Financial Adviser and Partner at 360 Financial Strategists.. We discuss the delicate balance between debt repayments vs wealth accumulation for retirement. We explore various strategies, such as increased superannuation investments, increased debt repayment and stress testing retirement income projections. We also touch upon the human element in financial decision-making, including differing priorities between partners and the influence of behavioral finance.
Tune in now and learn how to balance debt, grow wealth for retirement, and navigate the complexities of financial decision-making.
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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
- Debt and retirement planning
- Balancing the art and science of financial advising
- Retirement income planning
- Creating options for clients
- Importance of addressing financial planning early
- Navigating trade-offs and psychological considerations
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matters Podcast!
As parents, ensuring a bright and secure future for our children is paramount, and effective financial planning plays a pivotal role in achieving that goal. By strategically managing our finances, setting clear objectives, and making informed investment decisions, we can provide our children with a solid foundation and opportunities for their future success.
In this episode, we explore a specific client's scenario where their goal is to provide their child with a substantial sum of money upon securing full-time employment, assisting in funding a house deposit. This family places great emphasis on the need for liquidity, as they value the flexibility to access their funds in case of unforeseen circumstances. However, it is crucial to consider the potential tax consequences of gifting such a significant amount. We also discuss the tax implications that can arise in this situation.
Learn how you can help your children get into property investing and give them a financial head start!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- How to setup your children for life
- How the family wanted their investments to be liquid, allowing them to access the money in case of any changes in their circumstances.
- About the other strategies that we had discounted as part of the approach
- Tax consequences
- The power of compound interest
- Tax considerations
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Welcome back to another episode of the 360 Money Matters Podcast!
When investing in shares, individuals have the opportunity to participate in the potential growth and profitability of the companies they invest in which gives them access to potential capital appreciation of the share price and income through dividends.
In this episode, we explore the concept of share ownership and discuss how share prices are influenced by various factors, which investors analyze to anticipate future share price movements. We also cover off on the benefits of what share ownership offers, including wealth creation through capital appreciation and income through the form of dividends.
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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
- Investing in shares
- Anticipating share price movements
- Distribution of profits
- Property analogy
- Franking credits
- Capital gain tax
- Things to consider when investing in shares
- Dividend reinvestment
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this ‘Market Wrap’ episode, we'll explore a wide range of topics, including interest rate hikes, inflation numbers, banking sector volatility, unemployment rates, property prices, and the impact of the federal budget on investment markets. Together, we'll gain insights into market behavior both domestically and internationally. Amidst uncertainties like increasing interest rates and housing supply issues, certain properties continue to show competitiveness, signaling stable activity levels. Let's delve into these important financial discussions.
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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
- Financial market in the US banking sector
- The Chinese share market
- Australian Interest rates rise again!
- Australian Share Market
- Federal budget
- The impact of increasing immigration, strong demand for property prices, and interest rates in Australian property market
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
When it comes to buying an investment property, there are crucial factors to consider. In this episode, we delve into these considerations. With a focus on the current Australian interest rate environment, we emphasize the significance of aligning property purchases with long-term strategies. We discuss topics such as financial approval, mortgage insurance, ownership structures, and seeking professional advice from accountants and financial advisors.
Additionally, we touch upon key considerations like legal compliance, expert guidance, cash flow management, and risk mitigation strategies. Join us as we explore the essential aspects of property transactions and uncover the best practices for making informed decisions.
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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
- Investment property and wealth creation
- Steps towards investment property
- Ownership structures and professional advice
- Risk mitigation strategies and emotional detachment
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matters Podcast!
The end of Financial Year is always a busy time where there are a lot of things happening. One of the things that are inadvertently on your mind during this period are taxes.
In this episode of the podcast we want to help you get prepared early with maximizing your tax position. We will run through some of the more impactful things that you can do to reduce your tax effectively and legally.
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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
- Recap on the tax effectiveness
- Government co contributions
- Spouse contributions to super
- How do we get more money into superannuation and why
- Recontribution strategy
- Expense timing
- Planning for future years
- Budgeting and cash flow planning
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360 Financial Strategists
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we'll demystify what a financial adviser does and discuss the process of getting advice, which involves an initial clarity call to discuss your circumstances. We'll also delve into the importance of seeking financial advice during changing circumstances and dispel myths about its value. At the end of the day, a good financial plan begins with cash flow management but ultimately should align with your unique goals.
So, if you're looking to make better decisions with your money, consider reaching out to a financial advisor and starting the conversation today. Thanks for tuning in, and we'll catch you on the next episode of the 360 Money Matters podcast.
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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 financial advisors do
- The process of getting financial advice
- Importance of seeking financial advice during changing circumstances
- Cost barriers to seeking financial advice
- Dispelling myths about the value of financial advice
- Cash flow management as the beginning of a good financial plan
- Importance of aligning the financial plan with the client's unique goals
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode we will provide a comprehensive analysis of recent activities in the financial markets, primarily in Australia. We will delve into the Federal Reserve's decision to raise rates by 0.25 basis points and the Reserve Bank of Australia's pause on interest rate increases, both of which have significant implications for investors. Furthermore, we discuss the S&P 500 index's remarkable 7% increase since its March 13 low.
We also caution against decisions based on fear or greed and why this is so crucial. Instead, we consider why long-term goals and staying in the market are so crucial.
With the information and insights provided in today’s episode, investors can make informed decisions that align with their financial goals!
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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 Federal Reserve's decision to raise rates by 0.25 basis points
- The S&P 500 index's 7% increase since its March 13 low
- Optimism in the US economy and the property market with stability in rates
- The Reserve Bank of Australia's decision to pause interest rate increases
- The ASX 300's rise of 6.98% from mid-March to mid-April
- Inflation
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode we will discuss the "fixed rate cliff" for mortgage interest rates in Australia, which has left many homeowners facing significant increases in their repayments as they switch to variable rates. We will also discuss strategies for managing the resulting cash flow pressure, including resetting the loan term, making additional repayments, converting to fortnightly or weekly payments, and switching to interest-only loans.
What we recommend you to do is seek help from financial advisors or lenders, and reassess your cash flow situation. Proactive management is also a good way to avoid adverse outcomes on credit history and borrowing capacity, with selling properties considered a last resort option.
Listen now to learn how you can prepare for and navigate this challenging situation.
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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 steps to manage the fixed rate cliff
- Implications of switching from fixed to variable rates and adjusting spending patterns
- Cash flow management strategies
- Refinancing and resetting the loan term
- Repayment frequency
- Work with and notify your existing lender
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we will explore the retirement savings system in Australia, commonly referred to as superannuation. We will discuss the significant impact of compound interest on long-term savings and investment growth, as well as the main benefit the superannuation provides.
Throughout this episode, we will discuss what you should look out for when deciding on the right superannuation fund and how you can make informed decisions on your superannuation strategy. Always remember that making informed decisions about superannuation can have a substantial impact on one's retirement wealth and financial security.
Get retirement-ready! Join us to learn about superannuation and choosing the right super fund for your future!
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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 is superannuation
- Compound Interest
- Taxation benefits of superannuation
- Retirement income
- Different types of super funds
- How do you decide on what's the best type of super fund
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss debt recycling strategies. Debt recycling involves converting your debt from ‘bad’ debt (non tax deductible) to ‘good’ debt (tax deductible). This strategy can help put more money in your pocket as opposed to paying it to the tax office and additionally will result in paying off your home loan faster.
This is a more complex strategy however and hence should only be used if it is aligned to your wealth creation plan and circumstances. Listen to this episode to learn more about the benefits of debt recycling, and discover if it's the right strategy for you.
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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
- Non deductible owner occupied debt
- Basics of a debt recycling strategy
- Who is this strategy best suited for
- Takeaways for debt recycling strategy
- Risks associated with debt recycling strategy
- Considering if you have adequate risk mitigation strategy
- Utilizing some of the benefits of a debt recycling strategy
- Other ways to utilize this strategy
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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 will discuss the collapse of Silicon Valley Bank, the second-largest collapse in American banking history. We’ll also talk about how this links to the fall of Credit Suisse which generated fears of a future banking crisis. We will also address the increasing interest rates and employment data. Adding another layer to the challenge of balancing inflation and interest rates in the US. In addition, the expectation of the RBA decision, in light of the recent inflation data and the current difficulties in the US banking industry and what that means for our domestic market.
Stay informed and keep up with the latest developments in the market to make informed investment decisions.
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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 collapse of Silicon Valley Bank, the second largest collapse in American banking history
- The collapse of Credit Suisse with similar issues, leading to concerns about contagion and potential banking crisis
- The future for interest rates
- The employment and unemployment data rate in US
- The Reserve Bank of Australia (RBA) and future rate decisions back home
- Inflation data
- About the property and rental market
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we will discuss franking credits - how it works, the tax benefits, as well as its advantages for creating passive income. We highlight the tools used to optimize and maximize opportunities, including the concessional environment and preservation rules. We discuss how passive income associated with a particular stock versus passive income associated with property has different advantages and disadvantages. We also talk about the role of a good management team in deciding what to do with the profits generated from your investments.
Most importantly, it is important to have flexibility in your investment strategy to anticipate future needs.
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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
- Passive income from property and shares, including capital growth and dividends
- About dividends and its relation to Franking credits
- Franking credits - what they are, how they work, and their tax benefits
- Diversification of investment markets
- About assets
- Passive income associated with a particular stock versus passive income associated with property
- Flexibility in your investment strategy
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we will offer some practical tips for managing the increasing interest rates on mortgages. We explore some options for you to consider with your existing lender, negotiating the interest rates they offer you as well as what to look for when comparing rates with lenders.
We also offer potential options for those struggling with mortgage repayments due to cash flow issues. These options include talking to your lender, switching to interest-only repayments, using redraw money or drawing money out of other investments, considering selling the property, and seeking advice from a financial adviser to help you navigate through it.
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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 tips for managing increasing interest rates on mortgages
- Exploring options with existing lender
- Negotiating interest rates
- Comparing rates with other lenders
- Refinancing or consolidating debts
- Reviewing household expenses
- Making extra repayments
- Difficulty of managing interest rate increases with inflation
- Five potential options for managing mortgage repayments due to cash flow issues
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we deliver another market update as we talk about the most recent market and economic developments both locally and around the world. We discuss how inflation is affecting households and businesses, consumers, and the stock market. We cover off on the most current US PCE data, Australian inflation numbers from February, tech industry layoffs, and the low unemployment rate.
We also cover off on the difficulties businesses have experienced during the recent reporting season and how reserve banks are responding to try and avoid a recession.. Finally, we'll talk about the RBA's most recent interest rate rise, which was implemented in an effort to offset economic inflationary pressures.
If you are keen on learning more about the present economic climate and how it affects businesses, consumers, and investment markets, then this is the podcast for you!
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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 fear of inflation and its impact on investment markets
- What is the market and economic data in Australia for February
- The effects of layoffs in the tech sector and the low unemployment rate
- How does the reserve banks prevent inflationary pressure on businesses
- The RBA’s recent interest rise and what are its effects on the economy
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Welcome back to another episode of the 360 Money Matters Podcast!
Today, we are joined by Rommie Shushtin, a residential property valuer from PRP Valuers. We talk about how property valuers will determine an accurate valuation of your property and some of the different methodologies that can be used. Rommie also shares tips on keeping track of market trends, and how you can maximise the value of your property.
This topic is relevant, as Australia’s property market is constantly and drastically changing. We cover how you can utilize the trends so you can make the best investment decisions!
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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 does a property valuer like Rommie do
- The property market’s current state
- Using property valuer methodologies in your next investment
- Direct comparison approach and summation approach
- What defines a good quality asset and its increase in valuation
- Properties for capital growth
- Suburb and school zones in buying properties
- How full evaluation provides you the best insights before purchasing a property
Resources
Find My School
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Welcome back to another episode of the 360 Money Matters Podcast!
Today, we will be talking all about Capital Gains Tax. We will provide you with tips on how to calculate your CGT and the steps on how you can legally minimize it.
Capital Gains Tax is the tax paid on the profit you made by the rise in your asset value. The CGT is applicable to any asset sold for a gain such as property investments or assets held in superannuation.
While understanding what CGT is, we’re sure that many of you will tune in to find out some of the strategies that you can utilise to legally minimise this tax and retain more of your profits in your pocket.
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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 the Capital Gains Tax
- Capital gain and cost base
- When do you owe CGT
- Types of assets that attract CGT
- Investment properties and retirement
- Creating the best tax environment for you
- Strategizing your assets and profits
- Utilizing the active asset discount
- How you can legally reduce the CGT
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Welcome back to another episode of the 360 Money Matters Podcast!
In Australia, school fees have recently risen dramatically. The total cost for 13 years of schooling amounts to $102,807 if you are planning to send your child to a Victorian government school. Cost will only be higher if you are planning to send your child to a private school.
Today, we are joined by Amy Parsons, Business Development Manager at Futurity Investment Group. We will talk about how you can plan for education with the help of education bonds. These bonds can help save for these big education costs, provide choice of investments, and allow you to do so in a cost-effective manner.
This topic is relevant, especially since Australia is currently experiencing inflation and rising costs. We cover how you can strategize your family’s education!
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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
- Australian public and private school costs
- The benefits of education bonds
- Traditional investment bonds vs. education bonds
- What is an education bond? Why is it more flexible than an investment bond?
- Individual and family education bonds
- Strategizing the right beneficiaries for education bonds
- Longevity
Resources
Schooling in Australia
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Welcome back to another episode of the 360 Money Matters Podcast!
In this new monthly segment, we talk about the recent developments in the Australian and worldwide markets and how this is likely to impact your financial situation. It’s designed to be short and impactful with the monthly finance highlights.
Today we will be discussing the share market rallies, central bank policy around the world, inflation, and the property market This topic is relevant, especially with the increasing living pressures and interest rates, and we cover what you should know in managing your finances this 2023!
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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 is happening in the share markets
- Interest rates around the world
- Inflation
- How does the US market affect the AUS market
- Employment market
- The property market
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Welcome back to another episode of the 360 Money Matters Podcast!
Did you know that starting your financial journey as early as now can provide you with financial stability in the long run?
In this episode, we talk about investing and compounding to afford the luxury of financial freedom in your 30s. We discuss money habits and management, building your financial base, and other financial do’s and dont’s to kickstart your finances in your mid-twenties.
If you are set to start your financial planning this 2023, this episode is right for you!
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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:
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Financial planning in your mid-twenties
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What are money habits? How can you easily adopt them?
- Establishing your financial base
- What is compounding? How does compounding work in investments?
- Using the snowball effect in financial planning
- Benefits of financial planning in your 30s
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Welcome back to another episode of the 360 Money Matters Podcast!
The downsizer contribution strategy is a great strategy for a selected group of people. The downsizer contribution is exactly what it sounds like, downsizing your family home.
In this episode, we talk about utilizing the money you release from selling your family home and putting that money into superannuation. We discuss the in’s and out’s, limitations, tips and traps and what the benefits of this strategy are.
Superannuation or ‘super’, is the money put aside by your employer over your working life for you to live on when you retire from work. Essentially, you’re selling your family home and you're putting the proceeds into super.
So there you have it, a quick overview of superannuation downsizer contributions in Australia. Remember, this is just a general overview and if you're thinking of making a downsizer contribution, it's always best to consult with a financial advisor to ensure you understand all the implications and that it's the right decision for you.
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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 downsize contributions?
- What is downsizing contributions? How much can you contribute?
- The downside of downsizing contribution
- Benefits of downsizing contribution
- The impact of the pension and how far do you push it
- How many times can you downsize?
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Welcome back to another episode of the 360 Money Matters Podcast!
It’s another year, another chapter of our lives, and another opportunity for new goals. One of the goals that we should be considering and looking forward to in 2023 is our financial goals and how we manage them.
In this episode, we talk about what you need to do in 2023, to set yourself up financially. With inflation increasing and everything that is happening in the investment market and the economy, we give you tips that could help you get off to a great start in 2023!
This topic is timely and relevant at the moment, especially with the increasing cost of living pressures and interest rates increasing, we cover the things that you can do financially to set up your 2023 to be your best year yet!
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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 cost of living with inflation
- Expense management and budgeting
- Making sure your finances are in order
- Individuals and household budgets (self-employed too)
- Property interest rates
- Knowing your fixed-rate periods and values
- The impact of property prices
- Understanding the cashflow requirements
- The impact of property prices
- Participating in all market cycles
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Welcome back to another episode of the 360 Money Matters Podcast!
The Real Estate Market is something that is usually always a talking point. However, at this moment in time, there is even more chatter than usual!
In this episode, we discuss the real estate market with Golan Flamm, one of the top-rated real estate agents in Australia and one of the Directors at Hodges Caulfield.
In this episode, we talk about all things Real Estate. We will discuss the current market and what has been happening with prices/ demand as well as some things to consider if you are looking to purchase. In addition to this, we will talk specifics about what you should look out for if you are looking to purchase a property and even some tips when bidding if you are going to auction.
- At 4:37 - Golan mentions the number of groups coming through during inspections. This number is per campaign, not per inspection.
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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:
- Current position of Real Estate in Australia.
- Buyer and seller expectations
- The real estate market during the COVID-19 pandemic.
- Key things to look out for when looking for a property.
- Things you need to avoid when looking to buy a property.
- Why do you need to research before you buy
- Are there any tips for bidding in an auction
Connect with Golan Flamm:Golan Flamm (LinkedIn)
@golanflamm (Instagram)
Golan Flamm (realestate.com.au)
Golan Flamm (ratemyagent.com.au)
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Welcome back to another episode of the 360 Money Matters Podcast!
Rentvesting has been growing in popularity lately as investors are being more savvy in their investments. In this episode, we will dive deep on rentvesting, its benefits, disadvantages, and things to consider if you are looking at this option.
Listen to this episode to learn more about renting where you live and buying investment properties at the same time.
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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:
- Benefits of rentvesting
- Disadvantages of rentvesting
- What is capital gains tax
- Things to consider with rentvesting
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Welcome back to another episode of the 360 Money Matters Podcast!
Amidst rising interest rates, refinancing seems to be a good move to decrease your mortgage. But is it really all it’s cracked up to be? What is the great refining trap? Have a listen to find out!!
In this episode, we discuss the things you need to know before you consider refinancing. We’ll give you tips on how to decrease your home loan payments while still ensuring you pay off your loan term in the right time frame. We will also share some scenarios that can arise if you decide on refinancing.
If you are considering refinancing to lower the interest rates on your mortgage, this episode is for you!
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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:
- Consider the interest rate
- Don’t forget to negotiate with your existing lender
- Considerations if you are selling a property
- Check your cash flow.
- How do offset accounts work
- Importance of knowing the loan term
- Match your existing loan term
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Welcome back to another episode of the 360 Money Matters Podcast!
When the market is in a volatile time it is so appealing to invest and change the strategy of how you invest.
In this episode, we're talking about how to invest when markets are crashing. It is the nature of the market to go up and down, so if you are tempted to sell your assets, dont! Today, we will share some strategies and things to consider in terms of putting your money towards investments and how important it is to stay invested during market volatility.
If you are trying to make the right decisions in investing this episode is right for you!
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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:
- Look for an asset to accumulate
- Make sure your personal circumstances is in order
- If you have good quality asset, don’t sell it
- Dollar Cost Average
- Take advantage of a particular sector when markets are volatile
- Avoid speculation
- Asset and investment diversification
- Managing tax issues
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Welcome back to another episode of the 360 Money Matter Podcast!
In this week's podcast, we show you how to keep your Christmas spending under control so you don’t have a post-Christmas Financial hangover!!.
With inflation rising, the Christmas spend will no doubt hit harder this year so we go through some tips and tricks to make sure that you can make the most out of your Christmas spend without it impacting your financial position too much. We’ll give you ideas on the do’s and don’ts so you can enjoy the holidays without breaking the bank.
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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 set a budget and stick to it
- Why should you not spend on credit
- What are some things we can do to spend less
- How to limit the number of gifts that you buy
- How your cost of living and high inflation rates affect your spending
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Welcome back to another episode of the 360 Money Matter Podcast!
With the cost of living and interest rates skyrocketing, we need to strategically manage our cash flow and try to keep a lid on expenses. The 50/30/20 rule of thumb is a way to allocate your budget according to three categories: needs, wants, and financial goals.
It’s not a hard-and-fast rule but rather a rough guideline to help you build a financially sound budget. To better understand how to apply the rule, how it works, and its limitations, tune in to this episode.
This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- Cash flow management
- Introduction to 50, 30, 20 rule
- 50 - Needs
- 30 - Wants
- 20 - Financial Goals
- How to use and implement this rule
- The 360 Cash Flow Bootcamp
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Welcome back to another episode of the 360 Money Matter Podcast!
If you have a surplus of money, what should you do? Pay off your mortgage or invest? Both can provide attractive options to help facilitate your wealth creation and retirement goals and each option has its benefits.
Today, we will talk about the things to consider when deciding on if you should pay down your mortgage or invest in the market. When helping formulate a strategy, we will frequently examine; the rate of interest, whether the mortgage is investment or owner occupied, current market circumstances and opportunities, as well as your personal preferences and risk tolerance.
Consult a financial advisor and a tax advisor to help determine what your strategy should be, but before you do that here is some good information for you!
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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:
- Current investment market & interest rates
- Risk tolerance
- Offset accounts opposed to loan paydown
- Liquidity
- Importance of a long-term plan
- Cash flow management
- Strategy impact for younger wealth accumulators
- Importance of financial advice
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Welcome back to another episode of the 360 Money Matter Podcast!
When talking about investments, our goal is to always get a good return. But when we invest ethically, investing becomes more than just getting a good ROI, but it is more on giving to others and to the world.
With all the concerns our society is facing today, especially on environmental issues, people are inspired to contribute in solving these problems. Everyone wants to make the world a better, more sustainable place. One way to contribute to this cause is through making ethical investments into companies that align with your own ethics. However, it’s not that simple. You need to consider things such as, what is ethical for you, what’s your investment preference, are you confident that your investment is truly going to the right causes, and so on.
The wealth of information available to us makes ethical investing less tricky. There is more awareness, access, and greater opportunities to ensure that you are investing in the right place for the right cause.
This is the conversation you should have with your advisor. For the meantime, let us start the conversation!
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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 is Ethical Investment
- Having full visibility
- Fund managers
- Competing priorities
- The underlying cost
- Direct Investment
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast!
October 25 saw the new federal government release their budget, and in this episode we’re telling you everything you need to know about it.
We’ll be discussing the outcomes of the budget, who is impacted and what to expect. Overall, we view the budget to be quite positive, as most of it aims to deliver support where it is needed in our economy. It’s a well balanced budget Jim Calmers hands down his fist budget as treasurer of Australia.
Our goal is to inform you on the impact that this can have for you, for your family members, and for the country as a whole.
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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:
- Downsizing contributions
- Self-managed superfunds
- Legislated tax cuts
- Gain in pharmaceutical benefits
- Paid parental leave scheme
- Child care subsidy
- Aged care sector
- First home buyer guarantee
- Housing projects
- Projected Budget deficit
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! Negative gearing is a strategy and concept that we have all probably heard of at some point. In this episode, we will examine this concept, discuss the strategy and help you make an informed decision if this is right for you.
At surface level, negative gearing can give you great benefits such as accumulating assets to build wealth, and obtain a tax deduction. We’re diving deep in this episode to show you what’s beyond the surface of this well-known, tax-effective strategy that people will usually resort to when they have a tax problem.
Negative gearing is a high-risk way of investing in property so it’s important that you consider your overall situation and capacity to commit to this long-term strategy. Because if not handled correctly, it can be quite dangerous.
The safest way to go about this is really getting professional advice that is specifically for you!
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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:
- Explaining negative gearing
- The main reason why people utilize this strategy
- From a cash flow perspective
- The impact of interest rates on negative gearing
- Expenses for the property
- Positively gearing by comparison
- The “must haves” for negatively gearing to be right for you
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! In our experience as financial advisors, we’ve heard people often say “I need 1 Million Dollars to retire”. Well today, we’re here to give you a clear answer on what you actually need in order to prepare for your retirement.
How much money do you need in retirement? The short answer, you need as much as you can get! Going into detail, it actually depends on your personal circumstances, your lifestyle, and ultimately, the retirement life you want to live. Know where you want to go first, before figuring out how to get there.
Today’s episode tackles; the various sources of income, investing in a multitude of assets, superannuation, early retirement planning, and how to execute on all of these. The earlier you are aware of this conversation, the more prepared you can be for your retirement.
Begin planning now so you can enjoy a financially worry-free retirement life!
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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 much you need - according to various sources
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Ensuring that you have enough money for retirement
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Options on how you can have to save up for your retirement
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Expenses in the earlier & later years of retirement
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The Baseline you should start with
- Where do your assets sit
- Superannuation
- Establishing another plan for early retirement
- Invest in a multitude of assets
- Putting your plan in place
- Your vision for your beneficiaries
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! For today's episode we will be discussing with you the RBA (Reserve Bank of Australia) increasing interest rates, the effect of it on those of us that have a mortgage and what are some of the things you can do to position yourself. So tune in now to get some ideas and strategies on how you can manage this.
This is a key time to examine your expenses and cash flow, create a budgeting plan, and implement many more timely things that can be effectively used in this period of uncertainty
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 RBA rate increases
- Inflation as a key driver of decisions
- Impact of the cash rate decision to the interest you will pay
- Importance of a cash flow management and the budgeting plan
- The Cash flow management boot camp
- Importance of reviewing your interest rate
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast!
In the previous episode, we shared the differences between passive and active investments. In this episode, we discuss what a recession is, how to prepare for one, and tips to help you get through it with as little financial impact as possible. With a recession and slowing GDP, your cash flow and budget are especially important during periods of negative economic growth. If you have a tight cash flow position, a recession will exacerbate the problem. How will that affect you and your family?
Make sure you're informed and prepared for a recession so you can identify issues before they arise, adjust your position and strategy to minimize the impact, and pivot quickly so you are ready!!!!
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 is recession
- Why a cash flow and banking strategy is imperative at this time
- Gross Domestic Product
- Having an emergency fund
- Taking advantage of market opportunities during a recession
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! For today’s episode, we’re mixing things up a bit and Billy and Andrew go head to head in a debate on what is a better investment approach: passive or active investments.
On the topic of investments, the first thing that usually comes to mind is the word “money”. However, investing is more than just the funds you put in. It also requires you to invest time, effort, knowledge, and attention in managing your investments. Sounds easy right….. As long as you know which investments to choose.
Today we’ll be debating Passive or Index Investment and Active Investment styles and the good, the bad and the ugly as well as their cost, diversification, required skill sets, status during market cycles, and track record of performance. Both have their own limitations and benefits but at the end of the day, it’s more about finding the right blend for you.
Tune in to learn which of these investment strategies best fits you!
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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:
- Differentiating index and active investment
- Cost comparison
- Diversification
- The skill set and knowledge required in each strategy
- Determining where to invest your money during different market cycles
- Track record of the performance in index and active investments
- Warren Buffet: the greatest investor of all time
- Finding the right blend and approach for yourself
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! In the previous episode, we gave you updates on the investment market and the factors affecting it.
In this episode, we’ll be sharing proven strategies to help you develop your cash flow management and budget strategy skills. It all begins with being realistic about your financial situation and expectations. From there, you’ll be able to clearly see your income and expenses and reflect on how you can improve the way you handle your finances. We will talk about strategies such as setting a realistic budget, the bucketing strategy, reviewing and improving your structures and many more. These are all to help you become more confident with your money management.
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 factors affecting the increase in cost of living
- The gateway to wealth creation
- Setting a realistic budget
- The bucketing strategy
- 2 Key buckets that you should have in your cash flow strategy
- Keeping your expenditure in line with your income increase
- How often you should review your structure
- Becoming more confident with your money management
- Things to do to help maximize your budget and cash flow
- Budget Fatigue
- Separate Savings account
- Finding the balance between budgeting and living
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! Investment markets have been moving so rapidly in the last few months, we figured it would be important to highlight some of the key takeaways.
In today’s episode, we’ll be sharing a quick and accurate rundown of what’s happening in the Australian and World Markets.. Beginning with the inflation, the property market, possibility of recession in the US and the status of the stock market. All these sectors have an impact on your finances & investments and can influence your strategy and investment.
Amidst all the market updates and noise, we want to remind you to think long-term. Invest wisely in good quality assets and stay within your capacity so you can reach success in your finances!
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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:
- Inflation
- Property market
- Household saving & employment figures
- Possible recession in the US market
- Stock Market
- How all these relate to you and your finances
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! Lender’s Mortgage Insurance - To pay or not to pay, that is the question.
Apart from the loan you take out, there is a Lender’s Mortgage Insurance (LMI) included when the bank has to lend more than 80% of the property’s total value. However, this insurance premium doesn’t benefit the borrower but only serves as a safety blanket for the lender. While this can seem like an unnecessary cost and simply waiting to save more money may seem like the most appropriate answer, there may actually be a case for incurring this cost.
We want to help you weigh up your options! It’s a matter of knowing your financial capability, comfort level, confidence in committing to repayment, and considering your personal circumstances.
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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 is LMI
- The 80:20 Loan-to-Value Ratio
- Considering the Rising Market and how this can impact decision making
- Getting into the market sooner
- Risks of taking a larger loan amount
- Is it an affordable and viable strategy for you?
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! Assets are the modern-day version of treasures. In order to take care of your treasure, you’d have to pick the most suitable and safe structure you could store it in.
Before choosing where to place your assets, there are key things you must take into consideration. We want to put emphasis on choosing the right ownership structure for your assets right at the start. This will help you maximize how you handle your assets. In this episode, we’re sharing with you the importance of planning, so you can protect your assets and make the most out of it.
It all begins with choosing the right circle of advisors who clearly understands your vision.
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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 3 ownership structures
- 2 main challenges to overcome when considering ownership structures
- Comparing the tax rates of the 3 ownership structures
- Elements of tax
- Owning and protecting assets
- Planning and choosing the right structure for you
- What to consider when housing your assets
- Engaging with the right advisors
- Estate Planning
- Creating a circle of advisors focused on your individual strategy
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! One of the most common misconceptions in financial planning is the separation of the assets from cash flow. We often deal with the resistance of people when it comes to converting their assets into income.
While we understand the emotional attachment to the asset, especially when it comes to property, producing income to support your lifestyle is one of the most important things to enhance the quality of your life. We work with our clients to navigate these issues and make decisions that make them feel confident about their financial future.
By the end of this episode, we hope to have widened your horizons when it comes to your choices in dealing with the crisis of being asset rich and cash poor. Plan ahead with your financial advisers now!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- What being asset rich and cash poor means
- Various options in converting assets into cash
- Different types of assets
- Why people resist selling properties
- The importance of advance planning for your assets
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! When will you know you’re ready to begin investing? Many people believe that investing requires a large sum of money and that it would take years to save a sizable amount in order to start investing. This mindset on investing is very far from the truth. The key to successful investing is to begin early, stay invested and invest for the long term.
Today’s episode is all about getting started with investing, the benefits and tips of starting early, and the power of compound interest. Your time in the market is critical in investing, because the earlier you start, the more time you give yourself for your money to grow.
And now it’s time to listen to this episode to get the right operating rhythm when starting your investment journey!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- The power of compound interest
- Investment opportunities in the market
- Risk and return of investment
- Long-term investment goals
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! No one is more concerned about your financial well-being than yourself. So, having a good financial plan will help you save money, time, and meet long-term goals.
In this milestone 50th episode, we will go over some of the steps to creating your own financial plan, including the elements that we look at when putting a plan together for our clients.
There are some nuggets of gold in this episode, so grab a pen and paper and take note, as this is one that you won't want to miss.
Episode Highlights:
- Understanding your assets and liabilities
- Determining cash flow
- Bucketing strategy
- Developing an investment strategy
- Estate planning
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! In today’s podcast, we talk about buy/sell arrangements and how business partners can protect their business interests in the event of death or permanent disability. These events could be unpredictable and thus require advanced planning.
With the example of our partnership, we are going to walk you through what the Buy/Sell Agreement is all about, who is involved, what health considerations should be taken in the underwriting of the contract, ownership structures and valuation methodology.
If you are planning to enter into business with someone else or if you are in business with a partner, then this is the episode for you.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- Defining Buy-Sell Agreement
- Who are involved in the agreement
- Some considerations to take for each partner and their families
- Importance of reviewing the Buy-Sell Agreement
- Talk to a licensed financial professional
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episode here:
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Welcome back to another episode of the 360 Money Matter Podcast! Usually, when we prepare to invest, we’re also prepared to potentially lose our money if we don’t tread carefully. But did you know there are options that are available with zero risk? They’ve been around for a while now and aren’t new to the market– They’re not for everyone, however, they can form a hugely beneficial part of an investment strategy. If you are willing to lock away your money for a certain number of years, this is definitely an option to look into!
In today’s episode, we’ll be going into Capital Guaranteed Products. In essence, these products are investment options that allow us to invest in growth assets, shares, properties, infrastructure, and a whole bunch of other assets with zero risk. While that sounds too good to be true, they’re actually quite a great tool for wealth!
Join us as we talk about its pros, cons, and how this could be a great addition to your investment portfolio!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• How Capital Guaranteed Products work
• Long term horizon
• The benefits and drawbacks
• A breakdown of some sample numbers
• How CGP can for part of a broader strategy
• Who these products are suited to
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to another episode of the 360 Money Matter Podcast! As the world and Australia feel the impact of inflation and rising prices, it raises the question; is it the right time to invest in property?
In this episode, we really wanted to emphasize that when you begin investing in such a large scale asset, you need to work within your means and really assess the affordability - even if things don’t go to plan. Make sure that property is the right thing to be investing in with regards to your circumstances at the time, rather than trying to time the market perfectly. If history is anything to go by then the best time to invest would have been yesterday and the next best time would be today!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Increasing interest rate environment
• Current media hype
• The impact of those interest rate increases
• Where is the property market at the moment?
• Focus on your personal situation and financial position
• Thinking long term
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to another episode of the 360 Money Matter Podcast! Making mistakes is just an unfortunate by-product of investing and something that anyone who has participated in financial markets has experienced. We will share some of the missteps that we have made in the past or have seen our clients make and how you can avoid this.
In this episode, we wanted to sit down and talk about common mistakes we see daily in the financial management space. Be it sticking to a timeframe or filtering sensationalization of media, there are many takeaways in this conversation! While we know that avoiding risk is an innate need as humans – however, it's important to stick to the financial plan and strategy to avoid losing money in the long run.
Don’t miss out on this great episode!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Stick to your financial plans
• Filtering media sensationalization
• Being a diversified investor
• Dollar-cost averaging
• Expect volatility
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to another episode of the 360 Money Matter Podcast! Do you have excess cash flow, or maybe a surplus of cash right now? While there are many different ways to go about using that excess, one of the most common questions we get would be should I pay my debts or should I pay into superannuation?
And while there’s no definitive all-answer to that question, we really wanted to dive into the different options available and some of the pros and cons that can help you in deciding what may be best for your personal situation.
If you feel like you need a refresher on superannuation and an even more specific client scenario, feel free to check out our previous episodes of the 360 Money Matters podcast!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Different types of debts (good or bad)
• What are your options
• Retirement time frame
• Mortgage repayments vs Super repayments
• Tax deductibility
• Level of risk and opportunity for growth
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to another episode of the 360 Money Matter Podcast! With a lot of talk going around about investment markets, we really wanted to clear the fog and really sift through some of the noise to get to the crux of what’s happening, what’s causing it, and what you can do in this market.
Unemployment is currently at low levels and inflation is continuing to ramp up. Mortgage stress is starting to become a concern with interest rates that are rising so that central banks can combat inflation. Combining this increased mortgage cost with the inflationary environment we see ourselves in, households are starting to feel the pinch in their budgets.
By the end of this episode, we hope to provide you with some comfort around some of the strategies we recommend that can help you curb and prepare yourself for markets such as this and how we can prepare, anticipate, and adapt as best we can!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Inflation has skyrocketed.
• What is stagflation?
• The importance of cash reserves.
• Rising fuel prices and cost of goods.
• Cutting costs and minimizing expenses at home.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to another episode of the 360 Mother Matter Podcast! We have recently spoken about superannuation, death taxes, and some changes to superannuation rules. Today we put this all together in a scenario for a client.
In this particular scenario, our client is 65 and still working. What we’re able to do for this client was convert his entire superannuation to ‘tax-free’ as well as reduce his income tax by $10,000 over the course of the financial year!
So if you are in a similar situation or someone you know is– be sure to stick around or share the episode with them and find out how our client took advantage of some opportunities that are available to help reduce both the tax that he will pay, as well as ensure that his beneficiaries don’t pay any tax when the money is eventually passed to them.
If you haven't yet, we highly recommend checking out our previous episodes about Superannuation to get a better idea of what we’re talking about for this client scenario!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Gaining unrestricted access to superannuation
• Taking advantage of tax opportunities
• Reducing assessable income
• Planning out the strategies using current legal tax laws
• Avoiding death taxes for beneficiaries
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to another episode of the Money Matters Podcast! With the end of the tax year approaching, the mad rush on planning for your end of financial year is upon us! Today we will guide your through some ideas you can look at to make the most of these last couple of weeks.
Whether it’s setting aside surplus cash for superannuation, or paying off larger deductible expenses for this year instead of the next, there is definitely some money to be saved and invested for your future that can not only improve your tax position but also accelerate your wealth creation. Making the most of government incentives and benefits will help accelerate your wealth creation.
Tune into this episode as we show you how you can maximise your position and make sure you’re not scrambling this incoming June 30!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Concessional or pre-tax contributions towards superannuation.
• Government co-contribution
• Spouse contributions
• Non-concessional contributions into superannuation.
• Timing your larger deductible expenses.
• Offsetting capital gains or timing it to be taxed lower.
• Claim your tax deductions!
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to another episode of the Money Matters Podcast! Today’s podcast is all about making sure that we are protecting the greatest asset that you will likely ever have; your ability to generate income. That is where Income Protection comes in, designed to eliminate or offset the risks that come with losing your source of income or your job due to injury or illness.
While it is and sounds important; a lot of the people we have worked with have thought about it but haven’t taken action to put this into place. We will run though the finer details of income protection policies and what you should look out for when assessing what policy is right for you.
Tune in as we take a deep dive into Income Protection policies.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The importance of Income Protection and protecting your greatest asset
• Some new changes to Income Protection policies
• Benefit periods and waiting periods
• Optional benefits on Income protection
• Deciding on the right cover for you
Connect with Billy and Andrew!
360 Financial Strategists
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Welcome back to another episode of the Money Matters Podcast! After our last episode, we hope by now you have a better grasp of superannuation– because today we want to talk about Self-Managed Superfunds. While superannuation in its most basic form is a trust, with its own preservation rules and tax environment, SMSFs are not any different with the exception of a few small intricacies.
The important takeaway from a Self Managed Superfund is that it is what the name suggests “Self Managed”. While this can carry its own risks, costs and management burden, it also has its fair share of benefits when handled correctly.
While it may not be for everyone, it could be for you! Stay tuned in as we talk about what kind of investors are best suited for this superannuation structure as we take a deeper dive!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What is a Self-Managed Superfund or SMSF
• The cost and burden of an SMSF
• Who are SMSFs relevant for
• What type of investors should consider SMSFs
• The pros and cons of SMSFs.
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Not all life insurance policies are created equal. When we say life insurance policies in this episode, we’re also referring to permanent disability and income protection. In Australia as of now, we’re already facing an immense underinsurance problem, which can leave people wondering how they will pay for bills and living expenses if something were to happen to their health.
It can be tempting to rely on your superannuation fund to fund the cost of your life insurance products given the fact that this won’t impact your cash flow. However, we really need to reassess if this is the appropriate strategy and products for you, or if you’re better off holding these policies outside of superannuation.
Join us in this episode as we dive right into the things that you should consider when deciding on holding a life insurance policy inside or outside of superannuation.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Summary of these life insurance products
• Advantages of policies inside superannuation
• Disadvantages of policies inside superannuation
• Taxation on benefits
• Tax deductions on premiums
• Things to consider when deciding on the right options for you
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After a long time since the last increase in interest rate of the Reserve Bank of Australia(RBA), it’s finally happened. Knowing that a lot of people are concerned about their mortgage repayments, it’s only timely and appropriate that we discuss on this podcast the impact this increase will have on your personal cash flow as well as the broader economy.
The RBA's decision to increase rates has largely been definitely driven by rising inflation and a decrease in unemployment. While this is still at historically low levels at 0.35% we will examine what impact this rise and any subsequent rises will have on your circumstances.
While the interest rates continue to increase, we hope this episode brings some clarity and further certainty about times ahead!
This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Why the RBA increased Interest Rates
• The 0.25% Increase
• Impact of interests rates on financial Markets
• The Impact on Property Prices
• How increased interest rates will impact home loan repayments
• Examples of applying expected changes to interest rates on loans
Connect with Billy and Andrew!
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Hello and welcome back to the 360 Money Matters podcast! If you’re a first-time homebuyer that wants to break into the real estate market faster, then listen in on this episode! The biggest barrier for most first home buyers is usually the deposit that you need to put down on your first home. So enter this government initiative to help you accomplish just that.
The First Home Super Saver Scheme is a savings vehicle with tax benefits, helping a lot of first home buyers get started in real estate. In this episode, join us as we talk about the potential this plan has to work in your favour! We will help give you an understanding of how this scheme works, some of the benefits associated with this as well as some key things that you should consider before embarking on this strategy.
So be sure to join in on our conversation as we maximise your contributions and get you that first dream home!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Introduction to First Home Super Saver Scheme
• Requirements to be eligible
• Tax benefits that are available
• The restrictions on contributions & withdrawals
• Concrete examples of using the FHSS scheme
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Hello and welcome back to the 360 Money Matters podcast! Today we will be talking about an investment vehicle that can not only assist in building your wealth or planning for a large expense but in a tax-effective structure.
For this episode, we’ll be talking all about this investment vehicle; Investment Bonds, not to be confused with bonds, corporate bonds, and government bonds. This tax-effective investment is taxed at 30% within the investment structure and will not incur a capital gains tax when held for longer than 10 years. This will also not form part of your tax return and all tax return and all taxes will be paid within the vehicle
By finding ways to ease the burden of tax whilst still investing, we can create more opportunities to build wealth and fund an expected future expense.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Investment Bonds
• Taxation rates of investment bonds
• Compounding Interests
• 10-year investment timeframe
• 125% rule for contribution limits
• Long-term commitment investment bonds
• Who this investment vehicle is best suited to
Things to consider when deciding if an investment bond is right for you
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Hello and welcome back to the 360 Money Matters podcast! For many, taking the first step into receiving financial advice can be a bit of a daunting step into the unknown for many. However, when that step is finally taken the advice process will very frequently uncover the need for good quality advice that is beyond the initial client instructions.
For this episode, our fellow financial planner, Pat will be sharing with all of you the real impact of having a financial planner by your side, by outlining a real-life client experience. We will discuss a client scenario, the initial push for the clients to come and receive advice, and how a little bit of unpacking resulted in the scope of the advice altering dramatically. Pat will run through how he was able to help this client and help secure their financial future and the impact of this advice on their business and lifestyle.
Hopefully, this inspires you to go out there and seek advice from a financial planner to secure your future!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis, Andrew Nicolaou and Patrick Nong of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Pat’s introduction to financial planning
• The initial client instructions around retirement income
• Understanding the client’s circumstances and the real advice needs beyond the initial request
• Managing debt and expenses
• Determining appropriate cover and risk mitigation
• Developing the retirement income strategy
• The impact of advice on their business and lifestyle
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Hello and welcome back to the 360 Money Matters podcast! For many people income is not as simple as earning a regular salary. For many that earn commissions, are self employed or do seasonal work, income can be sporadic and irregular. While credit is a simple method of managing this cashflow, this can have many detrimental implications moving forward.
In this episode, we’ll be discussing how you can best allocate, save, and maximise your money with inconsistent income. No matter if you’re a seasonal worker or work on commission, we will share the tips, hints and tricks to apportion and manage your income in the most effective way possible.
If you’re unsure about how to do that, then this episode is for you!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Why you should avoid taking on credit
• Savings buffers
• Paying yourself a regular income
• Breaking the “the more we earn, the more we spend” mindset
• Bucketing Strategies
• Paying fixed expenses with fixed income & lifestyle expenses with irregular income
• Implementing a system and sticking to it
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Hello and welcome back to the 360 Money Matters podcast! If you’re tuning in, chances are you’re interested in investing and creating wealth– one such method to increase your wealth is through property investment. When the property increases in value beyond what we have as a loan, this is what we can call ‘equity’.
In this episode, we’ll be talking about what equity is, how we can build it, and what we can do with it– like building out property portfolios, diversifying and increasing our wealth outside of the property, etc. While there are many different ways we can build equity, there are also many different ways we can leverage equity to work in our favour to build even more wealth.
So don’t be afraid to hop in and find out how you can best leverage your equity!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What is Equity
• Ways to Create Equity
• Calculating the equity in your property
• 80% LVR and extending above this
• Can you always access your equity?
• Using equity to purchase property or other investments
• Risk of using equity & risk mitigation strategies
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Hello and welcome back to the 360 Money Matters podcast! Whether you're a first-time investor or have plenty of experience, it is very easy for emotions and fear to get the better of you and for rational decisions to be blinded by emotion.
In this episode, we’ll be turning a little more towards the psychology of investing, where we discuss the importance of continuing the course and blocking out all the unnecessary noise. We will discuss various strategies to combat making emotional investment decisions and help ensure that you are making rational decisions with your money.
So be sure to join in on the conversation as we talk about how you can overcome your investment fears!
“Be fearful when others are greedy, and greedy when others are fearful.” - Warren Buffett
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- Impact of emotionally buying and selling
- Know Your Strategy and Stick To It
- Upsides to Dollar Cost Averaging
- Expecting that losses will occur
- Make long term investment decisions
- Block out the noise and make rational choices
- Set your expectations from the beginning
- Invest in an Advisor that can look at things more rationally
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Hello and welcome back to the 360 Money Matters podcast! Oftentimes, general insurance is overlooked and the priority is to get the cheapest possible rates and get the best deal for the price. However, when assessing a general insurance plan or strategy, the primary driver should always be the quality and conditions in the cover, with a secondary consideration placed on the cost of cover.
Joining us today to shed some more light on the world of general insurance is Brenton Oviss. Benton is from Howden Insurance Brokers and has worked with us and many of our clients in the past. Brenton discusses how each business and individual is different– and as such, each plan around general insurance should be personalized. Without a good insurance broker, we can find ourselves overpaying for cover, or risk not having the desired level of cover in the event of a claim.
So be sure to join in on the conversation as we talk about striking just the right balance between a quality plan and premiums!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What to consider in choosing an insurance plan.
• Building the financial team around you.
• Types of general insurance products.
• Finding the balance between the excess and premium.
• Insurance renewal/review process.
• Deciding on the right amount of insurance cover.
• Benefits of a general insurance broker vs direct provider.
Connect with Billy and Andrew!
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Hello and welcome back to the 360 Money Matters podcast! If you’re looking to expand and grow your wealth in a more aggressive manner, exploring the concept of a Margin Loan can be a potential solution for this.
We’ve spoken before about how you can use debt to invest. In this episode, we’re going to delve deeper into margin loans and how it can be used to magnify your gains. In addition, with margin loans being considered as a high-risk investment, we will also share strategies to mitigate that risk, alongside other important factors you should consider before applying for one.
When executed right, margin loans can serve to be an advantageous tool for your investments. But with potential reward comes additional risks, so make sure to tune into this episode so you can make the best-informed decisions for your investment plans.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What a margin loan is.
• What are margin calls?
• Different features of margin loans.
• Benefits of margin lending.
• Potential risks of margin loans.
• Risk mitigation strategies for margin loans.
Connect with Billy and Andrew!
360 Financial Strategists
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Hello and welcome back to the 360 Money Matters podcast! Saving is no easy task. Especially in our current day and age that encourages high consumerist lifestyles and an economy where many individuals and families are drowning in debt. The traditional solution would be to keep working hard, but the idea of carrying on in the workforce well beyond our 60s isn’t a future not many of us want.
Today’s topic is about a financial movement that’s been gaining traction over the past few years called Financial Independence, Retire Early, or the FIRE Movement. We will discuss in detail the philosophies behind the movement, how you can start saving and investing early, and how simple living can be a stepping stone towards helping you achieve your desired income lifestyle.
If you’re looking for an effective and extreme strategy to achieve financial independence before you reach your 60s, give this episode a listen and see if FIRE’s strategy is the one for you. This is a strategy that can be followed to its fullest extent or take the elements that resonate most with you. Stay tuned!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The premise of the FIRE Movement.
• Changing your lifestyle to cut expenses.
• Aim to save 70% of your earnings.
• The FIRE Movement’s investment philosophy.
• Conscious vs. Unconscious spending.
Connect with Billy and Andrew!
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Hello and welcome back to the 360 Money Matters podcast! We have spoken a great deal about the power of investing. However when done correctly and managed appropriately, supercharging your wealth creation is possible, with the power of debt.
In this episode, we will discuss powerful strategies that will enable you to invest using debt in the correct manner. Additionally, we will go into detail into what considerations and strategies that you should deploy in order to mitigate your risk when doing so.
Debt doesn’t have to remain as a constant looming reminder on your finances. With the proper strategy and understanding, you can leverage the power of debt to create accelerate your investment strategy and propel forward your wealth creation.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The different types of debt.
• The benefits and opportunities of using debt.
• Big considerations from a risk mitigation perspective.
• Understanding the different options when choosing a debt product.
• How to limit the risks when embarking on a strategy such as this.
Connect with Billy and Andrew!
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Hello and welcome back to the 360 Money Matters podcast! Not paying taxes is always an exciting concept. Today we are fighting Australia’s War on Tax and showing you how you can create massive tax savings for you and your beneficiaries?
Superannuation has been the dominating topic of this podcast for the past few weeks. But for this episode, we’re going to take a different approach to the topic by discussing a highly beneficial tax strategy inside superannuation so you can not only pay less tax but also avoid what we’d like to call “The Death Tax.”
By executing on this strategy, you are not only protecting your future, but also the futures of your beneficiaries for when they eventually inherit your superannuation balance. Stay tuned!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The Re-contribution Strategy and how it works.
• How to swap around the taxable component in your super to tax-free.
• How to save tax on both your personal income and future beneficiaries.
• The benefits and limitations of this strategy.
• Three important considerations.
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Hello and welcome back to the 360 Money Matters podcast! Continuing from our previous episode’s discussion on superannuation and getting money into it, we’d like to share some big news that is happening in the superannuation environment.
In this episode, we will be going over the six significant changes coming to superannuation and what these mean for you moving forward. In addition, we will also talk about how these changes lower some of the barriers to entry and offer more flexibility for your retirement strategies.
We’re very excited to talk about why these changes are a step in the right direction to help you drive wealth creation even in retirement so make sure to tune in!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Removal of the Work Test for ages 67-74.
• Lowering the age restriction for the downsize contribution.
• Opening the “Bring Forward Rule” for people up to age 74.
• Removing the minimum earnings requirement for your employer’s super contribution.
• Increase in the minimum employer contributions towards super.
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360 Financial Strategists
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Hello and welcome back to the 360 Money Matters podcast! In one of our previous episodes, we talked all about superannuation and how it can contribute to your long-term wealth creation. In Australia, superannuation is one of the best tax opportunities you can get and provides you with an income stream once you retire.
In this episode, we’ll expand more on this topic, specifically on superannuation contributions and why you should do it. There are a variety of ways you can contribute to your superannuation and how you can maximize your contributions to tie into your broader wealth creation strategy. We will also dive into the intricacies of super contributions including how to navigate them around the complexities of the tax environment.
We hope this episode will give you all more insight on superannuation, its limitations, and opportunities to contribute money to it in a manner that is effective and efficient for your financial situation. Stay tuned!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The three main things about superannuation contributions.
• Forms of Concessional contributions and Non-concessional contributions.
• Limits to Non-concessional contributions.
• Downsizer contributions and Government co-contributions.
• Limitations around the pension-balance transfer cap.
• Why you should take advantage of spouse splitting inside super.
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Hello and welcome back to the 360 Money Matters podcast! If you’ve ever had experience in investing, you may have heard things like, “Buy low, sell high” Or “Be fearful when others are greedy and be greedy when others are fearful”. Those are all sound strategies but the truth is no one can ever know for certain when the right time is to invest. The idea and concept of investing are completely different from actually executing it during a time when markets have become more volatile.
This week, we’ll be discussing what’s been currently happening in the investment markets – specifically in the Australian and US share market. We’ll be tackling specific topics such as inflation, increasing interest rates, the psychology of the investment journey, market volatility, as well as strategies that will help you avoid making the wrong investment decisions during more volatile investment markets.
Getting caught up in the analysis paralysis of the investment market can stop you from getting far. But by having the right strategy and constantly reviewing it, you can give yourself every opportunity to make as much as you can with as minimal risk as possible. Stay tuned to this episode!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Inflation and its impact on the market.
• The massive hype behind technology stocks overseas.
• Facebook missing its latest earnings target and what it means.
• Important strategies to consider when investing.
Connect with Billy and Andrew!
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Hello and welcome back to the 360 Money Matters podcast! Property is one of the world’s largest asset classes; your house probably is the most valuable asset you can own. And with property being a tangible asset whose value increases over time, this makes it a very attractive and lucrative market for people to safely invest in for the long term.
This week’s episode serves as a masterclass on how you can facilitate getting into the property market, strategies to effectively go about purchasing a property, obstacles to consider for first-time buyers, and key areas that you need to understand when looking into purchasing a property.
Properties are a great way to diversify your portfolio and grow your wealth, so whether you’re a first-time buyer or an experienced property investor, we hope this episode will help you gain a clearer understanding of the property market. Stay tuned!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Hurdles for first-time property buyers.
• The loan-to-value ratio (LVR).
• Paying for mortgage insurance.
• How household income comes into play.
• Always get a pre-approval.
• Taking advantage of tax savings to get into the market.
• The first home loan deposit scheme.
• What makes property unique as an asset class.
Connect with Billy and Andrew!
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Hello and welcome back to the 360 Money Matters podcast! Oftentimes when we see people addressing their financial planning strategy, they address it on an individual basis whether it be trying to get their estate in order or looking for avenues to generate passive income. But in reality, there are a lot of moving parts that have bearing on one another, which can make things complicated.
In this episode, we’ll be talking about the six key elements of the financial planning process. We’ll be touching upon areas of advice and take a step back to look over the entire process in order to provide a deeper insight of what we usually go over with our clients.
We hope this episode will bring a greater understanding of the value financial planners brings to you as we aim to facilitate the financial planning process and make it easier for all our clients to get their desired financial future.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Ask yourself what your end goals are.
• How to identify and maximise your surplus income.
• Managing your debt to facilitate wealth creation.
• Determining your investment strategy.
• Avenues of risk mitigation strategies.
• The responsibility of planning your estate.
Connect with Billy and Andrew!
360 Financial Strategists
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Hello and welcome back to the 360 Money Matters podcast! A new year means a new financial plan. The beginning of the year is the most opportune time to reflect back on the last twelve months and review all of your financial goals.
Wiith the holidays being a financial drain for many of us, we talk about how you can avoid “The Christmas Hangover” to stay on top of your spending and if you have overspent, how to rectify the situation. In this episode, we discuss how you can get started on making a new budget for the upcoming year while planning around achieving your short and long-term financial goals.
By carrying this knowledge forward into the new year, you can make financial planning easier and set yourself up for a financially fruitful 2022 so make sure not to miss out on this episode!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Reflecting on previous and future achievements.
• Explaining “The Christmas Hangover” and how you can avoid this.
• Establishing your budget and cash flow for the year.
• How often and when you should review your budget.
• How to convert your budget into short-term and long-term financial goals.
• Determine what can prevent you from meeting your goals and accounting for it.
Connect with Billy and Andrew!
360 Financial Strategists
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Hello and welcome back to the 360 Money Matters podcast! We’re wrapping up the final episode of 2021 by returning back to the topic of investment, particularly, on the two main investment styles: active and passive investments.
In this episode, we discuss the general differences between the two types and the strong investment principles behind them. Both camps carry their own unique intricacies that bring value to the table, but with a well-rounded investment strategy, you can take an approach that takes advantage of some or both of these styles.
We hope the 360 Money Matters Podcast has been of great help to you on your wealth creation journey, and we hope to continue that as we move into 2020. Thank you for tuning in and we’ll see you next year!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What is an active and passive investment?
• The philosophies behind each investment.
• Why index investing is easier for the average person.
• The difference in portfolio diversification.
• Things to take into consideration with market shifts.
• The core satellite approach.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Hello and welcome back to the 360 Money Matters podcast! In this week’s episode, we’ll be unpacking the topic of mortgage brokers and to help us shine more light on this discussion, we’d like to introduce you to Mish Blecher, director of mortgage broking business and one of the founders of 360 Financial.
We discuss the basics of mortgage broking in the world of residential loans, what value clients can gain from working with mortgage brokers when purchasing properties and demystifying common myths. It’s imperative you surround yourself with the right team who is able to provide the right loan structure and strategy for your personal financial situation. Stay tuned!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What does a mortgage broker do?
• What differentiates going to a mortgage broker from going to a bank directly?
• The different commission structures across banks.
• Common questions we hear from clients regarding mortgages.
• Creating a proper loan structure.
• An example where interest rates don’t matter.
Connect with Billy and Andrew!
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Hello and welcome back to the 360 Money Matters podcast! The holiday season is fast approaching and that means you’re probably planning your holiday spending-- gifts, socialising, eating out, vacations, all of that. And with that amount of spending, you might not always have the cash you need, which might tempt you to use a Buy Now, Pay Later service. Sounds great in concept, but it’s not all that it’s cracked up to be.
In this week’s episode, we’ll discuss the dangers of being entrapped by this service and how it opens you up to many issues in the future. This goes against the very teachings of responsible and mindful financial planning, so we’ll also share some advice on how you can avoid falling victim to this harmful spending habit.
Don’t fall into the trap of kicking the can down the road as a problem for future you to solve just for that quick dopamine hit. Give yourself as little financial stress as possible this coming holiday so make sure to tune in!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The lack of public stigma towards ‘Buy Now, Pay Later’ services.
• The trap of Buy Now, Pay Later from a financial planning perspective.
• What happens if you miss a payment.
• Advice for those trying to break out of these habits.
Connect with Billy and Andrew!
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Hello and welcome back to the 360 Money Matters podcast! This week we do a deeper dive into what we are seeing in the Melbourne property market and what is driving the increase in property prices.
We discuss how and why property prices are rising in Melbourne that is attributed to: Covid restrictions having caused a shift in people's thinking around their living arrangements, low interest rates driving property prices higher, demand outstripping supply and the effects on property prices and a higher household savings rate due to compressed household consumption.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Headline percentages in the broader market.
• Factors driving the rapid rise in property prices.
• The deposit is the biggest hurdle to owning a property.
• The property market’s direction in the near future.
Connect with Billy and Andrew!
360 Financial Strategists
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Hello and welcome back to the 360 Money Matters podcast! So picture this: you’re approaching your 60s and you’re getting ready to finally retire, but your plan usually isn’t as simple as; “Today I’m working and tomorrow I’m not” Ideally, your transition into retirement shouldn’t be so abrupt, rather, it should be slow, smooth, and above all, progressive. So how do you do that?
This week, we’re going to discuss the transition to retirement strategy (or TTR). This strategy allows you to make that ideal transition because it allows you to supplement your income by drawing a regular pension from your superannuation account. (Not to be mistaken for the age pension you get from the government). Alternatively, or even simultaneously, a transition to retirement strategy can also be deployed to reduce the amount of tax that you are paying on an annual basis, without having any implications on your cashflow.
Make sure not to miss out on this episode to discover more about this strategy and so you can equip yourself with the proper knowledge and tools to get started on your own retirement plan!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The history of how the transition to retirement strategy came about.
• What is a transition to retirement.
• Differences between superannuation accumulation and pension accounts.
• Tax benefits and creating tax arbitrage opportunities with a TTR.
• Limitations on superannuation contributions and drawdowns to be aware of.
Connect with Billy and Andrew!
360 Financial Strategists
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Hello and welcome back to the 360 Money Matters podcast! We all know how much of a big decision investing is, especially if you’re unfamiliar or inexperienced in the field. From choosing your particular type of investment to barriers of entry, it can certainly feel like a daunting task and you might not always feel confident making all those decisions yourself.
This week, we’re taking a deeper dive into the investment aspect of financial planning, specifically focusing on fund managers. We’ll discuss the role of fund managers in your financial strategy, the different methods that you can invest in, as well as compare and contrast the various benefits and costs of choosing to invest in a fund manager as opposed to directly managing your investments yourself.
While you may be taking away that element of control from yourself, you are replacing it with a specialist who possesses intricate knowledge and decision-making involved in investments. If you think you’re in need of hiring a fund manager, make sure to tune into this episode!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What a fund manager does.
• The benefits of investing in a fund manager.
• The costs and accessibility associated with it from both perspectives.
• Investing in fund managers lets you diversify your portfolio.
• The benefits from a taxation perspective.
• Owning a property directly vs. investing through a fund manager.
Connect with Billy and Andrew!
360 Financial Strategists
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Hello and welcome back to the 360 Money Matters podcast! When it comes to debt, ideally you want to be in a debt-free position for your wealth creation, but sometimes that won’t always be the case. 20 or even 30 years later, you might still be paying for the same debt and making additional repayments, and you haven’t moved the needle very far. If you want to remove that thorn in your side, then we have a strategy that we hope can address those problems.
In this episode, we introduce the Debt Recycling Strategy-- a very technical but incredibly valuable strategy. Aside from its general benefits, we’ll do a deep dive into it so we can help you develop strategies to pay down your non-deductible debt and build your wealth in a perfectly legal and tax-effective manner.
The light at the end of the tunnel might seem so far away, but we can’t emphasize enough the importance of having a strategy having a valuable impact in the short term will be massive in moving that needle, so please make sure to listen in!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The debt recycling strategy and how it reduces your nondeductible debt and builds your wealth at the same time.
• The type of people this strategy is best suited for.
• An illustrative example of the strategy’s benefits.
• Structuring your investments to income-producing assets.
• The importance of developing an exit plan in case of risks.
• The opportunity cost of making accelerated mortgage repayments.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Hello and welcome back to the 360 Money Matters podcast! When it comes to dealing with property, it’s a very big purchase and commitment majority of the time. Not everyone is going to be well-equipped with knowledge on this topic, and so we encourage you to engage with experts so you can avoid the pitfalls of buying a property.
So we have a special guest for you all for this episode-- Natalie Greatrex of Greatrex Property! As a real estate industry veteran who serves as a buyer’s advocate with her company, she will share her expertise and insights so she can help you make sure that the fundamentals of your property purchase are sound and well-informed.
Make sure to join us for this very informative episode so you can take one step closer to being an informed buyer!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What buyer’s advocacy is and how it works.
• Criteria Natalie looks for when working with a client.
• Factors to take into consideration when buying property.
• Relationships with real estate agents from a buyer’s advocacy perspective.
• What can clients expect from engaging with buyer’s advocates.
• Her approaches with real estate agents for privates sales and auctions.
Connect with Natalie:
• www.greatrexpropertyadvisory.com
• www.greatrexproperty.com.au
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Hello and welcome back to the 360 Money Matters podcast! One of our listeners emailed us asking us how he can get back on top of his spending. More often than not, when you get your paycheck and spend on all your essentials, there’s barely any money left. This is a problem that is more common than you think so we’re going to dedicate this episode to answering their question.
Having the right structure in place as to how you’re spending your money is imperative, so we’ll discuss how you can correctly set up your budget and provide you concrete tips and strategies that will encourage you to build good money management habits while also staying disciplined.
Managing your finances isn’t just about surviving, but also allowing yourself to enjoy your desired lifestyle so we hope this episode helps anyone who tunes in!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Get started by understanding your income and expenses.
• Manage your money with the bucketing strategy.
• Search for additional sources of income.
• Don’t be afraid to compare and renegotiate your products and services.
• Have a debt consolidation strategy.
• Buying things at the point of sale.
• Budget fatigue.
• Tips to control yourself from overspending.
• Practice good financial habits as early as possible.
Links referenced in this episode:
• Ep. 3: Identifying and Maximising Your Surplus
• Ep. 4: Getting Your Debt Under Control
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Hello and welcome back to the 360 Money Matters podcast! One of the questions our clients frequently ask us is, “How much money do I need when I retire? How do I get started on it?” Just like financial strategies, the definition of retirement varies from person to person, depending on their personal circumstance, so you want to find the strategy that best fits you.
In this episode, we’re going to give you all a rundown on retirement including strategies and benchmarks that will not only help determine your retirement income while giving you the ability to live off of your assets without depleting them too quickly. Additionally, we’ll talk about superannuation once more and how it serves as a critical component in your retirement strategy from a tax benefit perspective.
You want to make sure that the income you’re deriving goes towards supporting your lifestyle and ensures a comfortable life during retirement so don’t miss out on this episode!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The definition of retirement.
• The key driver behind your retirement fund.
• Why you need less money in retirement.
• Benchmarks to help determine your pre-retirement income.
• Superannuation and income tax.
• Developing an early retirement income plan.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Hello and welcome back to the 360 Money Matters podcast! Having a family is a big life decision and financial expense. You want to make sure your children have their needs cared for, and not just the immediate ones like diapers or food, but including things in the far future university tuition and car deposits.
For this episode, we discuss how you can determine the right facilities and vehicles for your children’s savings for the future as well as all the factors to consider when making a financial plan. Things may not always go according to plan, but with proper long-term planning that starts as early as today, you can give yourself and your family the best opportunity to offset that impact and maximise what you’ll have.
Don’t forget to listen to this episode so you can get started on creating a stable financial future for your family!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Two main considerations when financially planning for a family.
• The importance of having a clear line of sight for future expenses.
• Decide on what goal you want to achieve first.
• How to facilitate your savings for the short-term and long-term.
• Determine your tolerance to risk.
• Once you have determined the goal, you can determine your best strategy.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Hello and welcome back to the 360 Money Matters podcast! You’d be surprised at how often long-term wealth creation is overlooked by financial advisors, but you want to make sure you’re all set when you retire. So for this episode, we discuss how you can grow your wealth with superannuations, the strategies behind it, and how to get the most out of its benefits. By maximising your retirement fund, you can build a much better financial plan to invest into your comfortability in the future after a career.
Don’t miss out on this episode so you can get started on investing in your future today!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What superannuations are.
• Its tax incentives and two types of tax benefits.
• What level of contribution should you be making?
• The four main types of superannuation funds.
• Other factors to consider when choosing a superannuation beyond costs.
• Not all superannuations perform the same in the same market.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Hello and welcome back to the 360 Money Matters podcast! When it comes to your financial assets, we find that shares and property make up a sizable portion of your wealth so in this episode, we discuss how you can get into owning shares and property, the differences between the two and how you can take advantage of both of them with some planning so it doesn’t have to be one or the other. We’ll also discuss using leverage to maximise your investment gains and the impact this can have on your portfolio.
So make sure to tune in to this week’s episode as we help you get on the path of your investment journey.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What are shares and how this differs from property.
• The different entry costs for shares and properties.
• Leveraging with shares and property.
• Liquidity differences between shares and properties.
• Ownership structures and two things to keep in mind.
• Determining the property’s value.
• How to optimise your leverage position.
Connect with Billy and Andrew!
360 Financial Strategists
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Hello and welcome back to the 360 Money Matters podcast! We’re finally here at the sixth and final step of your financial roadmap-- estate planning!
Once you’ve amassed a large amount of wealth, you don’t just stop there. You want to plan your estate to make sure that your money and assets get to the right people, at the right time. Inheritance isn’t just limited to simply writing a will, so have a listen as Billy and Andrew take the time to discuss the various elements you should consider when planning out your estate.
Make sure to listen in on this episode because this isn’t just about getting your assets and money in order, but more importantly, it’s about making sure the people you’re leaving behind will be well taken care of after you’re gone.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The two main steps to estate planning.
• Splitting money and assets among your beneficiaries.
• Lump sums vs. Income streams.
• How testamentary trust works.
• Make sure legal guardianships are in place for your dependents.
• Two main elements to consider when appointing someone to make decisions for you.
• Minimizing the tax your beneficiaries have to pay.
• Protecting your beneficiaries in the event of a relationship breakdown.
• Make sure your estate plan is up to date.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Hello and welcome back to the 360 Money Matters podcast! Get ready for today’s episode because we’ll be talking about the enthralling topic of managing risks as part of your financial plan.
Unfortunately, the reality when it comes to your finances is that not everything will always go as planned but don’t lose hope just yet because we want to help you as much as we can in this episode. Both Andrew and Billy will be talking about a plethora of topics related to this issue, such as risk mitigation strategies, income protection, and many more.
So what are you waiting for? Make sure to listen to today's episode and not miss out on these lessons!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• External risks and external lifestyle factors that can impact your investment strategy.
• What we do with clients when things go wrong.
• 4 main types of insurance we discuss with clients.
• How life insurance works.
• Total and permanent disability explained.
• Income protection explained.
• Trauma cover explained.
• Risk mitigation strategies.
• Some of the features of different types of insurances.
• Over insurance and underinsurance.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to the 360 Money Matters Podcast, and in this episode, we’ll be discussing step four of our six-step financial planning process which is developing an investment strategy. There is a lot to unpack regarding investment strategies and the various topics surrounding them, but we hope that this will help paint a clear picture for you all.
Beyond the usual technical aspects of an investment strategy, many factors unique to the individual come into play such as circumstances, goals, comfort level, and emotional investment, and these are critical things that we want to discuss in this episode.
Be sure not to miss out on this episode so you can start developing the right strategy for yourself!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What an investment strategy is and how to get started.
• How you own an asset depends on your circumstances.
• How to know which assets to acquire and how to acquire them.
• Make sure you know when enough is enough.
• Maximise your passive income.
• The importance of a diversed portfolio.
• The only certainty of an investment strategy is change.
• The emotional aspect of investment.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Debt can be intimidating and managing it can be a daunting task for many of us, but it doesn’t mean getting it under control is impossible. Debt management can make your financial life much easier by limiting the impact that debt has on your cash flow, therefore, making it an imperative part of the wealth creation journey.
We’ll help you gain a clearer understanding of debt, and provide practical methods you can implement to make progress on paying down debt as well as avoiding common consumer pitfalls. We’ll also step away from the usual gloom and doom perspective on debt and discuss how you can leverage debt to your advantage and utilize it to accelerate wealth creation with careful planning.
Be sure to listen in on this episode to learn the best steps you can make towards debt as a consumer and investor!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The difference between good debt and bad debt.
• The best ways to manage and get out of consumer debt.
• Debt avalanche or debt snowball strategies.
• Debt consolidation strategies.
• Owner occupied & investment debt.
• Utilizing the power of debt for wealth creation purposes.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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The key to any financial plan is having surplus income. Without surplus income, it makes it impossible to allocate your money and invest for your financial goals and it is hence imperative to maximise this surplus. Maximising this surplus can be done from driving up your income and can also be done by understanding and minimising your expenses. This is the second step to building your financial plan, and one step closer to reaching financial freedom.
In this episode, we’ll share with you a recommended method that has been tried and tested to better manage your budget and cashflow. This bucketing strategy will assist in better managing your money now-- and funnel it into long-term wealth creation.
So be sure to listen in as we take another step in the right direction towards financial security!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Reviewing your existing budget.
• Maximise the income that you receive.
• Re-examine your expenses.
• Cutting out unnecessary expenses.
• Build a bucketing strategy with a; direct debit expense account, everyday bills account, fun account, holiday account, saving & investing account.
• Have emergency funds available.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome back to the 360 Money Matters Podcast, where in this episode we dive right into the first step of building your financial plan - understanding your position, and identifying your goals. It can be a difficult task to build your financial plan and roadmap, however, when starting out on this journey it is imperative to have a strong understanding of your current position and set clear and concise goals.
By having a strong grasp on your assets and liabilities, as well as a good grasp on your budget, will be the foundation for spring boarding your wealth creation to make sure that you achieve all of your financial goals.
So be sure to tune in, and get ready to start this journey towards financial freedom!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Identify your regular income streams.
• Determine what your expenses are.
• List all of your assets.
• Acknowledging your liabilities, and working with them.
• Put together your budget.
• Compare your budgeted cash flow with your actual cashflow.
• Determine your short & long-term financial goals and ambitions.
• Review your circumstances and goals regularly.
• Have enough flexibility and adaptability in your goal and strategy.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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Welcome to the first episode of the 360 Money Matters Podcast with your hosts, Billy Amiridis and Andrew Nicolaou!
In this podcast, we aim to increase your confidence in all money matters-- covering an array of topics like investing, cash flow and budgeting, and passive income. We’re confident that by arming yourself with knowledge, you can live your life on your own terms without limits.
Though initially, financial planning may seem like such a daunting process, it can be broken down into smaller manageable steps-- which is exactly what we’ll be outlining for you today. Be sure to join us in this multi-episode series where we dive into each individual step and provide you with viable advice that we’re sure will bring value to your financial planning journey.
So sit tight, listen in, and let us introduce you to a better way to approach your financial management!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• The Six-Step Process Outline.
• Understanding your current position.
• Maximise your cash flow.
• The importance of getting your debt under control.
• Developing your investment strategy.
• Manage your risk.
• Planning your estate.
Connect with Billy and Andrew!
360 Financial Strategists
Check out our latest episodes here:
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