Friends With Money: Recent Episodes
Money Magazine
We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future. Having an extensive network of professional finance voices with honest, credible opinions has allowed Money Magazine to become Australia’s longest-running and most-read personal finance magazine, presenting easy to understand financial news, advice and reviews for its audience. Money's Senior writer, Tom Watson, and Editor-in-Chief, Michelle Baltazar, chat weekly with a variety of experienced guests to explore the art of financial literacy and resilience in the modern money landscape.
After a stellar 2025, cryptocurrency has endured a difficult start to 2026. So what's behind the downturn and where do investors go from here?
On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Justin Lin, investment strategist at Global X ETFs, to discuss the latest price movements and what could lie ahead for the crypto market.
00:00 Introduction
01:45 Bitcoin and Ethereum performance in 2026
02:55 What's been driving the downturn?
05:15 How Australian investors are reacting
07:45 Crypto battles AI for investor attention
09:20 Institutional demand and ETF adoption
11:00 The long-term investment case
13:45 Outlook for the second half of 2026 and beyond
14:55 Conclusion
friendswithmoney #tomwatson #justinlin #crypto #bitcoin
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Self-managed super funds now hold more than $1 trillion in assets, yet many Australians still aren't sure how they work or whether they could be an option worth considering.
On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Marisa Broome, certified financial planner and principal of wealthadvice.com.au, to explain the mechanics, benefits and risks of self-managed super funds (SMSFs).
00:00 Introduction
01:45 What an SMSF is and how it differs from retail and industry funds
03:25 Why fees and asset allocation matter
05:00 Why people choose SMSFs
06:20 Who SMSFs are best suited to (and who should avoid them)
08:45 How much money you should have before starting an SMSF
10:00 The practical steps involved in setting up a fund
15:00 Why investors should do their homework before setting up an SMSF
16:15 Conclusion
friendswithmoney #tomwatson #marisabroome #super #smsf
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Debt can help fund life's big purchases. But for some, it can become a major source of financial stress. So where should people start if they want to get on top of it?
On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Deb Shroot, financial counsellor and Financial Counselling Australia sector advocate, to discuss prioritising debt, freeing up cash flow and working towards becoming debt free.
00:00 Introduction
02:00 Rising debt stress: mortgages, credit cards and utilities
03:00 First steps when debt feels overwhelming
04:30 How to prioritise multiple debts
07:00 The danger of the debt spiral
08:00 Common debt repayment mistakes and hardship options
09:00 Where to find extra money in a tight budget
12:00 Why you should seek help before reaching breaking point
14:00 Building healthy financial habits that last
15:00 Seeking trustworthy financial advice
16:05 Conclusion
friendswithmoney #tomwatson #debshroot #debt
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Live where you want, buy where you can – that’s been the idea behind rentvesting. But are policy tweaks and market swings changing the equation?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Arjun Paliwal, founder and chief executive of InvestorKit, to discuss the latest rentvesting developments.
00:00 Introduction
02:43 Who is rentvesting used by?
04:15 The tax changes impacting rentvesting
06:02 Is rentvesting still worth it?
06:27 Sydney case study and numbers
12:04 The rentvesting decision checklist
15:34 How investors should adapt to policy changes
19:49 Final lessons for long-term investors
22:05 Conclusion
friendswithmoney #tomwatson #arjunpaliwal #property #rentvesting
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The hidden costs that could sink your budget!
Question:
What are the real, often overlooked costs of owning a home in Australia and how can buyers avoid nasty surprises?
Short answer:
Owning a home is much more expensive than just paying the purchase price. According to Georgia Madden, new homeowners face steep mortgage interest, rising insurance premiums, energy bills, maintenance, council rates, and if buying an apartment, strata fees and surprise levies. Many underestimate costs like rebuilding insurance, ongoing repairs, and the impact of rate rises. Smart strategies include reviewing insurance annually, fixing small problems early, and checking apartment sinking funds before buying.
Why it matters:
For first-time buyers and anyone budgeting for a home, missing these hidden costs can lead to financial stress. Understanding the full picture means you can plan, save, and protect your investment rather than being caught out by “budget sinkholes.”
Sources:
• Vanessa Walker, Managing Editor, Money Magazine
• Georgia Madden, Home & Property Journalist
• Mortgage brokers, insurance experts, property managers
• Money magazine, June issue
Timestamps:
01:31 Mortgage breakdown: interest vs equity
02:46 Insurance: costs and common mistakes
03:59 Energy bills & efficiency tips
04:55 Solar: upfront costs and payback
05:45 Maintenance: how much to set aside
06:51 Hidden repair costs: plumbing, wiring, roofing
07:51 Council rates & water charges
08:37 Strata fees & apartment levies
09:47 Cautionary tales & advice for buyers
10:16 Wrap-up & where to find more info
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How to dodge bust-ups and actually talk cash with your partner
Question:
How can Australians have honest, productive conversations about money with partners or family without awkwardness, arguments, or avoidance?
Short answer:
Money conversations are often dodged due to fear of conflict, judgment, or not feeling confident. But avoiding them can make financial stress worse. According to Meray El-Khoury (MetLife Australia), the key is to start small: use gentle, time-bound openers (“Can we spend 15 minutes talking about money?”), focus on “we” not “you”, and break topics into manageable chunks - cashflow, debt, protection, retirement. Regular, calm check-ins help families plan for life’s curveballs and build financial resilience together.
Why it matters:
If you don’t talk about money, you risk missing warning signs, being unprepared for emergencies, and leaving one partner vulnerable. Open, positive conversations help families set goals, avoid nasty surprises, and take control of their financial future, instead of letting circumstances dictate outcomes.
Sources:
• Michelle Baltazar, editor-in-chief, Money Magazine
• Meray El-Khoury, chief insurance officer, MetLife Australia
• Money magazine podcast: Friends With Money, July 2026 episode
Timestamps:
00:02:04 Why we avoid money talks: fear, judgment, lack of confidence
00:04:50 How to start: gentle openers, time-bound, “we” language
00:06:45 Order of topics: cashflow, debt, protection, retirement
00:08:01 Protection: insurance, planning for the unexpected
00:13:34 Retirement: conversation starters and positive framing
00:12:02 Regular check-ins: monthly, calm, non-confrontational
00:15:22 Inclusivity: making sure both partners are involved
00:17:05 Incremental progress: clarity comes from talking
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More than four million Australian homes have gone solar, but for many others, the benefits have remained out of reach. The Solar Sharer Offer could change that.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Brian Spak, general manager of advocacy and policy at Energy Consumers Australia, to unpack the new Solar Sharer Offer and who will benefit from free electricity.
00:00 Introduction
01:29 How the Solar Sharer Offer works
03:54 Which households are eligible for Solar Sharer?
06:07 How to make the most of free midday electricity
07:56 How to sign up for Solar Sharer
08:43 What kind of savings can households expect?
10:17 Why caution and bill monitoring could pay off
11:52 Conclusion
friendswithmoney #tomwatson #brianspak #energy #solarsharer
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The end of the financial year may be just around the corner, but it’s not too late to make some superannuation moves that could benefit your balance.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Greg Elias, senior private client adviser at UniSuper, to discuss the steps you can take before June 30 and the upcoming super changes worth knowing about.
01:44 Making a concessional contribution
05:35 Contribution caps explained
06:18 The benefits of salary sacrificing
09:00 Division 296: who it affects and what to know
12:01 What are the payday super changes?
15:03 Market volatility and superannuation
18:40 Common EOFY mistakes
20:38 Conclusion
friendswithmoney #tomwatson #gregelias #superannuation #eofy
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REITs explained - A property expert explains the next investment hotspots
This week on the Friends With Money podcast, Money's editor-in -chief Michelle Baltazar speaks with Justin Blaess, principal and portfolio manager at REIT specialist Quay Global Investors, to explain real estate investment trusts (REITs) and how investors can earn investment income through them.
They discuss REITs as listed businesses that owns buildings and collect rent, how the sector has evolved since the late 1990s and the GFC, and new opportunities beyond traditional retail, office, and industrial.
01:05 What Is a REIT?
01:48 How REIT investing evolved
03:29 Investment hotspots: data centres, storage and senior living
05:59 Expected returns basics
09:34 Interest rates myth
12:43 How to start investing
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Summary: Thinking of helping your kids buy their first home? Discover the potential risks to your retirement & explore smart strategies like the First home super saver scheme
Want to help your kids buy their first home? Learn how it could pose a risk to your retirement plans and the smarter ways to help.
This week on the Friends With Money podcast, Michelle Baltazar speaks with Aware Super's Kate Rolfe about new research showing most parents and grandparents are willing to help younger family members buy a first home, often by gifting cash, reducing their mortgages or offering low to no-interest loans, but how their good intentions could potentially put their retirement savings at risk.
They discuss how giving financial support without proper planning can affect tax outcomes and Centrelink age pension eligibility, including potential consequences such as losing access to their benefits for years.
Rolfe recommends getting professional financial advice before money changes hands, considering whether to gift the funds or to structure it as a loan, and weighing lump sum versus drawdown payments.
01:09 How families can help
02:45 Retirement and pension risks
05:26 Tax advice and structuring gifts
06:43 First home super saver explained
08:32 Lump sum vs drawdown
11:09 Where to start
Links: First home super savers scheme
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Disclaimer
“To find out more from Aware Super, go to aware.com.au/member/what-we-offer
General advice only. Consider your objectives, financial situation or needs, which have not been accounted for in this information, and read the relevant PDS and TMD before deciding to acquire, or continue to hold, any financial product.
Consider if Aware Super is right for you and access the PDS and TMD on their website, aware.com.au/firsthomebuyer
Advice provided by Aware Financial Services Australia Limited (ABN 86 003 742 756, AFSL 238430), wholly owned by Aware Super.
Aware Super’s research involved a national online survey of 1,094 Australians aged 45 and over who indicated they were open to financially supporting younger family members. Fieldwork was completed in December 2025. All research was carried out in accordance with ISO 20252:2019 and ISO 27001:2013 quality and data-security standards.”
Tax Time Shake-Up: What Every Aussie Needs to Know for 2026–27!
Tax time is just around the corner, with a number of changes set to kick in from July 1. So what do you need to know and how can you prepare?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Mark Chapman, director of tax communications at H&R Block, to break down the key updates and the moves to make before and after June 30.
00:00 Introduction
01:07 Federal budget tax changes overview
01:36 What’s changing with negative gearing?
03:09 Capital gains tax overhaul
04:50 Family trusts and the 30% minimum tax
06:22 $1,000 instant deduction
08:24 Working Australians Tax Offset
09:51 Lower income tax rates and super changes
11:42 Who the ATO is targeting this year
14:49 EOFY checklist: practical steps to take now
17:10 — Common mistakes when preparing a tax return
18:30 Conclusion
friendswithmoney #tomwatson #markchapman #tax
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Market Madness: The Stocks Flying and Failing
It’s been a volatile start to 2026 for the Australian share market, with some stocks surging and others struggling.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Dale Gillham, chief investment analyst at Wealth Within, to discuss the standout stocks, underperformers and what investors should look for in the months ahead.
00:00 Introduction
01:52 A tale of two markets
04:24 Macro forces and the market
07:09 Resource sector shines
10:02 CSL slump and other underperformers
12:33 Investor playbook for the second half of 2026
16:15 Conclusion
friendswithmoney #tomwatson #dalegillham #shares #investing
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Two million households are expected to consider downsizing in the next five years — but is it always the right move financially or emotionally?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Catriona Graham, financial planner at Bridges Financial Services, to explore the costs, trade-offs and timing of downsizing, and what Australians should consider before making a move.
00:00 Introduction
01:19 What is downsizing?
02:56 Key benefits and motivations
04:38 Hidden costs and risks
05:50 Downsizer super contributions
Clarification: To be eligible to make downsizer contributions from the sale of your home, your home must have been owned by you and/or your spouse for at least ten years before the sale. The sale must also qualify for the main residence capital gains tax exemption – either fully (e.g. you’ve lived in it the whole time) or partially (you’ve both lived in it and rented it out).
07:50 Downsizing and the Age Pension
08:53 The importance of timing
10:33 Lifestyle options and retirement living
11:23 Final tips
friendswithmoney #tomwatson #catrionagraham #downsizing
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Federal Budget 2026: CGT discount ends, negative gearing tightens & new tax offsets explained
From major tax changes to new housing initiatives, the 2026 federal budget was packed with measures set to shape Australians’ finances.
On this episode of the Friends With Money podcast, managing editor Vanessa Walker is joined by senior journalist Tom Watson to break down the key financial measures outlined in the budget and what they mean for your money.
00:36 CGT discount overhaul
01:46 New CGT rules explained
03:20 Negative gearing shakeup
04:33 Housing Supply Measures
07:03 Working tax offset
08:43 Instant $1000 deduction
09:40 Trust tax minimum rate
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Romance Scams: ACCC Deputy Chair Catriona Lowe on Red Flags, AI Risks & How to Protect Yourself | Friends With Money
Romance scams are evolving fast, and the Australian Competition and Consumer Commission wants Australians to recognise the warning signs earlier.
On this week’s Friends With Money podcast, managing editor Vanessa Walker speaks with ACCC deputy chair Catriona Lowe about the regulator’s romance scam awareness campaign and why these crimes cause serious financial loss and long‑lasting emotional harm.
Lowe explains that romance scams involve fake relationships designed to steal money and personal data. They often start on dating apps or social platforms before quickly moving to encrypted messaging services. She outlines two common scam models, fast investment pitches and long‑running “slow burn” requests, and reveals Australians reported more than $28.6 million in losses to Scamwatch through 2025.
The episode also explores the ACCC’s taskforce approach, a new online relationship health check tool, the incoming scams prevention framework for banks, telcos and digital platforms, the role of organised crime and trafficking, and how AI could help ddefeat reverse image searches.
Links: ACCC Scamwatch
00:30 What are romance scams?
02:42 How big the losses are
04:45 How scams move online
06:18 Industry crackdown tools
07:49 Scams prevention framework
11:13 Who runs these rings
13:47 AI and future scams
16:08 Who Is most at risk
19:02 Warning signs and next steps
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Should You Switch to an EV? Fuel shortages, charging costs & best electric cars in Australia
The war in Iran and resulting oil shortages are driving petrol and diesel supply anxiety in Australia, while more EVs from Asia, better home charging options, and typical fuel savings of $1200–$2000 per year are boosting interest in electric vehicle sales.
This week on the Friends With Money podcast, Money's managing editor, Vanessa Walker, is joined by motoring contributor Matt Campbell to discuss the pros and cons of buying an EV.
Campbell explains the main barriers that held Australians back — price, range anxiety, resale and battery concerns, fit-for-purpose models, and charging infrastructure — then outlines what has changed, including emissions rules, improved plug-in hybrid and EV ranges, and growing price parity.
They cover economical charging (EV plans, solar and home batteries), insurance and resale considerations, suggested EV models across sizes, and why faster charging speeds are the next major battleground.
01:38 Why Aussies hesitated
03:14 Policy shifts and better range
05:23 Charging network bottlenecks
08:04 Cheapest ways to charge
09:19 Affordable EV price points
12:07 Must-have features vs gimmicks
13:46 Hidden costs insurance and resale
16:01 Top picks small to large
18:27 Future faster charging tech
Links:
Matt's Youtube channel
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Family Trusts Explained (Australia): Tax Flexibility, Asset Protection & Who They’re For | Friends With Money
This week on The Friends With Money podcast, Money Magazine’s Ryan Johnson speaks with licensed Australian financial adviser and author Helen Baker to explain family trusts in plain english and challenge the idea they’re only for the ultra-wealthy.
They break down how a family trust is its own entity, the roles of beneficiaries, trustees and the appointor (who holds ultimate power), and why separation of control matters for potential asset protection.
Helen clarifies that the trust owns the assets and beneficiaries generally have rights to income or capital distributions, not ownership, and discusses when a trust may be worth considering (often with significant funds, varying household incomes, or positive income/capital), how tax flexibility works via distributing income across beneficiaries, the need to distribute to avoid the trust being taxed at the top rate, costs to set up and run, risks of poor management, and why investment suitability and liquidity matter.
00:00 Family trusts explained
02:03 Trust roles breakdown
05:12 Who owns what
06:13 When trusts make sense
08:23 Tax flexibility in action
10:25 Your advisory team
11:57 Risks and penalties
12:56 Costs to run and unwind
14:55 Choosing investments
16:49 Who trusts are for
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Retirement Planning in Australia: What to Do 5 Years Out, 1 Year Out & On Retirement Day
This week on Friends With Money, Money Magazine host Ryan Johnson speaks with financial adviser Nick Bruining (Netplan) about preparing for retirement from five years out through to “R-day.”
They cover assessing family arrangements, assets and cash flow, likely lifestyle spending, and creating a wishlist while prioritising paying off non-deductible debt. Nick explains why life insurance often becomes less necessary as assets grow, and how to reduce investment risk in super as retirement nears while still keeping some growth for a 20–30 year retirement.
They discuss boosting super via salary sacrifice, personal deductible contributions, carry-forward concessional rules for balances under $500,000, and debunk the “million-dollar myth,” noting Centrelink can meaningfully top up income. The episode also covers downsizer contributions, part pension rules while working, concession cards, and applying via myGov within 13 weeks.
00:57 Five years out checklist
03:25 Rethinking life insurance
05:24 Super strategy and risk
08:54 One year out planning
11:28 Boosting super smartly
14:35 Downsizing and centrelink
17:10 Purpose and part pension
21:10 Applying for pension cards
23:55 Retirement day logistics
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The story of gold: Why it’s valuable, how it shaped Australia, and how to invest today
This week on the Friends With Money podcast, Money Magazine managing editor Vanessa Walker speaks with journalist Ryan Johnson about his April feature “The Story of Gold,” exploring why gold—an outer-space metal delivered by meteorites—became a durable, portable, and a widely accepted form of money.
They discuss gold’s key advantages over other elements, how much exists (about 219,000 tonnes ever mined), and its role in Australia’s history from the 1851 gold rush through to the establishment of the Sydney and Perth mints and the Eureka Stockade.
They explore how currencies were once pegged to gold, why the link ended during the depression and why central banks still buy gold, including the RBA’s 80 tonnes largely stored in London.
01:19 Why gold works
02:57 How much gold exists
03:35 Australia gold rush
05:01 Gold standard ends
06:21 Central Bank gold
07:53 Gold price outlook
09:00 Selling physical gold
10:41 Investing with ETFs
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Defence stocks explained: ETFs, cyclical risks, and ethical investing | Friends With Money
In this week's Friends With Money, editor-in-chief Michelle Baltazar speaks with Alex Jamieson of Jamieson Private Wealth about why defence shares have rallied amid widening Middle East conflict, disrupted shipping lanes, and higher oil prices.
Jamieson explains how “defence” now spans drones, robotics, AI, cybersecurity, and software, and argues rising geopolitical risk and NATO catch-up spending make it a longer-term structural theme, though stocks can be cyclical and require active rebalancing and profit-taking.
01:30 What counts as defence stocks
02:22 Why defence stocks are rallying
04:02 Do you already have exposure
05:46 Cyclical stocks and profit-taking
07:49 Fear trade or structural trend?
09:58 Defence ETFs to consider
11:53 Stock spotlight: DroneShield
13:21 Ethics of defence investing
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Third-Party Marketplaces on Woolworths, Big W, Kmart & Bunnings: What Australian Shoppers Need to Know
In this Friends With Money Podcast episode, Money Magazine managing editor Vanessa Walker speaks with journalist Ryan Johnson about the rise of third-party marketplaces and why Australians are often confused when trusted retailers like Woolworths, BigW, Bunnings, Kmart and others sell items supplied by third-party sellers.
They discuss how widespread online shopping is in Australia, how marketplaces benefit retailers through rapid range expansion without holding inventory, and what consumers gain—and risk—through wider product choice.
Ryan shares an example of a BigW marketplace return dispute and outlines common issues such as inconsistent delivery, extra fees, and return complications, plus concerns about lower-quality or unsafe products.
They also explain that Australian Consumer Law guarantees still apply, but shoppers should check who the seller is and escalate unresolved disputes to fair trading agencies or the ACCC.
01:20 How many Australians shop online
02:01 Why shoppers get confused
04:34 Why retailers love it
05:31 Consumer upsides and tradeoffs
06:17 Hidden traps and returns
08:01 Safety and trust risks
09:00 Your rights under ACL
10:04 How to protect yourself
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Debt recycling explained: how Australians turn home equity into investments
In this Friends With Money episode from Money magazine, host Ryan Johnson chats with mortgage broker Joseph Daoud (It’s Simple Finance) to unpack debt recycling in plain English. They explain how splitting your home loan or using a line of credit lets you access equity to invest in property, shares or a business, with potential tax benefits from deductible interest and investment expenses. They work through a $1 million home example, outline who this suits (often higher-income earners and many self-employed borrowers), and step through setup essentials: pick the right lender and structure (often interest-only), team up with a good broker and accountant, and keep the investment purpose clear. They also flag the big risks—bad advice, risky assets, rising rates, thin buffers—and why retirees or lower-income earners can be overexposed without a solid exit plan.
Timestamps
00:00 What debt recycling is
01:09 How the structure works
02:38 Who it suits
04:33 Goals and tax benefits
05:35 A real case study
08:02 Setting up the loan split
11:23 Choosing investments
12:13 Risks and rate rises
16:38 Which pros to call
17:34 Who should avoid it
20:43 Three rules and wrap
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In this week's Friends With Money episode, host Ryan Johnson speaks with financial adviser David Sharpe, chair of the Financial Advice Association Australia FAAA) about how to react to a sudden windfall—from $100,000 to $1 million, $10 million and even $1 billion.
Sharpe advises first confirming the money is real, then slowing down to avoid emotional decisions, and keeping the news private (limited to a spouse and trusted professionals).
They discuss balancing lifestyle spending with long-term goals, and how priorities shift by amount and life stage: using $100,000 for a home deposit or improving retirement cashflow, weighing debt repayment by interest cost (credit cards first; student debt is typically lower-cost), and the tax advantages versus access restrictions of superannuation.
00:38 First steps after a windfall: Verify, pause, and avoid emotional moves
01:53 Who to tell (and who not to): Keeping your windfall private
02:33 Spend vs save: Building a plan that matches what you value
04:00 Windfall playbook: What to do with $100,000
05:05 Debt, HECS and priorities: Paying down the right loans first
06:13 Superannuation trade-offs: Tax benefits vs access to your money
07:30 If the $100k came from selling an investment: Reinvesting and tax
08:05 Scenario two: How $1 million changes the plan
09:43 Mortgage vs shares: Tax smarts, borrowing back and debt recycling
11:43 Inheritance checks: Asset types, CGT and what you actually keep
12:21 Scenario three: $10 million—Financial freedom, purpose and relationships
14:26 Trusts and SMSFs explained: When structures help (and when they don’t)
16:06 Intergenerational wealth transfer: Common estate and entity mistakes
18:00 Just for fun: What to do with $1 billion (and the responsibility)
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ASIC Warns on Super “Health Check” Ads: How Lead Gen Funnels Push Risky Switches | Alan Kirkland
Money Magazine’s Friends With Money podcast host Ryan Johnson speaks with ASIC Commissioner Alan Kirkland about online “free super health check” sites, quizzes, and social media ads used as lead‑generation funnels that collect contact details, trigger telemarketing, and can pressure people to switch super into riskier, more expensive products.
Kirkland explains ASIC’s review and its transparency list (44 firms so far), noting that listing is not a finding of wrongdoing and the list will be updated while the review continues. He outlines common funnel tactics, investor harms seen in cases like First Guardian and Shield, and why switching into platform products or self‑managed super funds can reduce protections. Key red flags include unsolicited calls, pressure to act quickly, and offers to “find lost super.”
Consumers are directed to ASIC’s MoneySmart website (moneysmart.gov.au) for trusted guidance and complaints.
00:43 What lead generation means
01:42 ASIC transparency list explained
03:52 Who ASIC Is targeting
04:58 Inside the sales funnel
06:52 When marketing breaks laws
08:12 Case study: First Guardian
10:28 APRA vs ASIC and SMSFs
12:51 Red flags for consumers
14:15 Where to get help
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Welcome to another episode of the Friends With Money podcast. Hosted by Ryan Johnson, filling in for Tom Watson. In today’s episode, we unpack the world of IPOs (initial public offerings) with Simon James from HLB Mann Judd Sydney.
We break down why companies choose to list on the ASX, analyse how the IPO market performed in 2025, and look ahead to the sectors and standout companies to watch in 2026 — including major global names like SpaceX, Canva and Guzman y Gomez. Simon also shares expert insights and practical tips for anyone considering investing in IPOs.
00:24 Understanding IPOs: Basics and importance
01:50 2025 IPO market analysis
03:08 Materials sector dominance in iPOs
04:08 Private capital vs public listings
05:31 Top Performers and Future Prospects
09:38 Global IPO landscape
14:13 Investing in IPOs: Practical tips
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Are you looking to buy a new home?
This week on the Friends with Money podcast, Vanessa Walker, managing editor of Money, and journalist Ryan Johnson dive deep into the home buying process for first-time buyers.
They discuss the essential steps from initial research, engaging with mortgage brokers and financial advisors, to pre-approval, making offers, and the final settlement.
Get practical tips for navigating real estate websites, understanding mortgage pre-approval, and the importance of conveyancers.
friendswithmoney #vanessawalker #ryanjohnson #homehunting #firsthomebuyers
00:20 First steps for first-time home buyers
01:38 Researching and narrowing down your options
03:05 Engaging with professionals: Mortgage brokers and financial advisors
05:42 Understanding mortgage pre-approval
07:51 Making an offer and preparing for settlement
10:25 Settlement day and moving in
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Should you put extra money into your mortgage, super or personal investments? It’s not always a simple decision.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined Terry Vogiatzis, director of wealth management at Omura Wealth Advisers, to discuss the pros, cons and trade-offs involved with making use of extra funds.
01:11 Why people find the decision tricky
02:11 Factors to consider before diving in
03:50 Assessing extra mortgage contributions
06:33 Superannuation vs other personal investments
11:38 The benefits of seeking financial advice
14:04 Final thoughts and additional tips
friendswithmoney #tomwatson #terryvogiatzis #investing #super #mortgages
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Hundreds of thousands of Australians lose money to scams each year, but there are simple steps everyone can take to better protect their money.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Olivia McArdle, head of payments and deposits at Macquarie Bank, to discuss account safety and scams to watch out for.
01:48 Built-in security features in banking apps
03:39 Basic phone and computer security tips
05:32 Common financial scams to watch out for
07:45 What to do if you've been scammed
09:54 How banks detect and prevent scams
12:12 Future technology in banking security
friendswithmoney #tomwatson #oliviamcardle #banking #scams
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Considering seeking financial advice, but not sure what to expect? We explore the process, the costs involved and what to look for in an advisor.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Sarah Abood, chief executive of the Financial Advice Association Australia (FAAA), to run through some of the most frequently asked questions about financial advice.
00:00 Introduction
01:09 Benefits of financial advice
05:07 Is advice worth it for younger Australians?
12:14 How much does advice cost?
14:02 Finding the right financial adviser
19:43 What to expect from the financial advice process
25:20 Final thoughts
friendswithmoney #tomwatson #sarahabood #financialadvice
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The Bank of Mum and Dad is booming, but without the right planning a generous gesture can turn into a legal and financial headache.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by William Moore, partner and head of private client advisory at Hall & Wilcox, to discuss gifts, loans and the potential pitfalls of the Bank of Mum and Dad.
00:00 Introduction
01:47 Family financial support: Trends and options
04:52 Gifts vs loans: Key differences and considerations
10:10 Legal and financial structures for family loans
14:19 Family loans and estate planning
16:46 Conclusion
friendswithmoney #tomwatson #williammoore #property #bankofmumanddad
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Help to Buy is finally here. So how do shared equity schemes work and are they a solution to unlocking homeownership?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Jack Elliott, mortgage broker and national first home buyer specialist at Alcove and First Home Unlocked, to discuss shared equity schemes and the first home buyer market.
00:00 Introduction
01:31 Understanding shared equity schemes
03:27 The federal government's Help to Buy scheme
03:55 Eligibility and key points of Help to Buy
06:43 Considerations and drawbacks of shared equity schemes
13:35 Market insights for first home buyers
16:19 Final words of advice
18:03 Conclusion
friendswithmoney #tomwatson #jackelliott #property #sharedequity
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After a turbulent 12 months for markets, how are Australian stocks shaping up heading into 2026?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Jun Bei Liu, co-founder and lead portfolio manager at Ten Cap, to discuss the key factors likely to influence local markets in the year ahead and the sectors worth watching.
00:00 Introduction
01:19 Reflecting on the surprises and volatility of 2025
04:11 Previewing 2026: Key themes for Australian equities
10:01 Sector and company insights for 2026
11:01 US equities outlook
13:38 Final thoughts on the year ahead
15:00 Conclusion
friendswithmoney #tomwatson #junbeiliu #investing #shares
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Coming up with financial resolutions for the new year is easy. Setting realistic goals – and following them through – is the real challenge.
This week on the Friends With Money podcast, Money's Tom Watson is joined by behavioural economist and psychologist, Phil Slade, to discuss financial goals and the psychology behind goal setting.
00:00 Introduction
01:30 Why resolutions fail
03:02 Reflecting on past goals
05:38 Setting new goals
12:23 Accountability and shared goals
13:40 Conclusion and final thoughts
friendswithmoney #tomwatson #philsalde #financialgoals
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From super scandals to market swings, 2025 certainly kept us on our toes. So before 2026 begins, it’s time to reflect on the year that was.
This week on the Friends With Money podcast, Money’s editor-in-chief, Michelle Baltazar, is joined by senior journalist, Tom Watson, to discuss the biggest financial news stories of 2025 and the topics they’ll be watching closely in 2026.
00:00 Introduction
01:30 Biggest financial news events of 2025
09:05 Positive and surprising developments in 2025
11:46 Looking ahead to 2026
14:10 Closing remarks
friendswithmoney #michellebaltazar #tomwatson #financialnews
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You’ve booked flights, hotels and activities for your summer trip. But have you considered how you’re going to pay your way?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Tristan Dakin, Wise’s Country Manager for Australia and New Zealand, to discuss travel money options and other tips for your summer holiday abroad.
01:42 Choosing the right payment method
04:57 Local or home currency?
07:07 The most expensive ATM withdrawal fees
09:28 Can digital wallets be used everywhere?
11:32 How to keep your money safe
13:44 Final tips
15:51 Conclusion
friendswithmoney #tomwatson #tristandakin #travel
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After a turbulent year for the local market, which Australian stocks could shine in 2026?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Dale Gillham, chief investment analyst at Wealth Within, to run through the Australian companies that investors may want to consider adding to their Christmas lists.
00:00 Introduction
02:31 2025 Australian market recap
07:54 Large cap picks for 2026
12:55 The world of micro caps
18:43 Concerns about index funds
21:04 Conclusion
friendswithmoney #tomwatson #dalegillham #shares #investing
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Rising property values have left many retirees rich on paper but short on cash, so are there options for those looking to utilise their home equity?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Chris Grice, chief executive of National Seniors Australia, to discuss reverse mortgages, equity releases schemes and the government-run Home Equity Releases Scheme.
00:00 Introduction
00:28 The 'asset rich, cash poor' dilemma
01:24 Exploring reverse mortgages
07:03 Addressing concerns about reverse mortgages
9:24 Equity release schemes
10:11 Introduction to the Home Equity Access Scheme
13:54 Comparing equity release options
16:02 Conclusion
friendswithmoney #tomwatson #chrisgrice #reversemortgages #homeequity
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Ready to start building a deposit towards your first home? The First Home Super Saver Scheme could help you reach your target faster.
This week on the Friends With Money podcast, Money's Tom Watson is joined by Derek Gascoigne, private client adviser at UniSuper, to run through the nuts and bolts of the First Home Super Saver Scheme (FHSSS).
00:00 Introduction
00:55 Overview of the First Home Super Saver Scheme
05:40 Eligibility criteria
09:21 How to access your FHSSS contributions
14:36 Planning and important considerations
17:23 Final thoughts and advice
20:15 Conclusion
friendswithmoney #tomwatson #derekgascoigne #superannuation #fhsss
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With the festive season fast approaching it's time to get serious about budgeting, spending and avoiding post-Christmas debt.
This week on the Friends With Money podcast, Money's Tom Watson is joined by Sarah Meggison, personal finance expert at Finder, to run through a survival guide and a host of financial tips for the 2025 festive season.
00:00 Introduction
01:05 Financial hurdles of the festive season
02:14 Black Friday: The perfect time for Christmas shopping?
05:55 Budgeting and planning for Christmas expenses
13:37 Avoiding post-Christmas debt
16:50 Are these festive season scenarios faux pas or fair play?
23:16 Conclusion
friendswithmoney #tomwatson #sarahmegginson #christmas
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In this episode of the Friends With Money podcast, Money's Michelle Baltazar speaks with Alex Homer, chief customer and brand officer at insurance group TAL, about navigating life and living insurance.
They discuss the importance of insurance for younger people, different types of living insurance, and how superannuation funds can help.
Alex also shares practical tips for young workers and the self-employed on obtaining and managing insurance.
01:19 Defining life and living insurance
01:54 Understanding living insurance types
05:23 Insurance in superannuation funds
11:02 Practical tips for young workers
14:24 Bonus Round: Superannuation payments for gig workers
15:57 Conclusion and final thoughts
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A new wave of superannuation changes is on the horizon, so what could they mean for your retirement?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Shane Hancock, general manager of retirement at AustralianSuper, to unpack proposed changes to higher super balances and the low income super tax offset (LISTO) and provide an update on payday super.
00:00 Introduction
01:28 Tax changes on higher super balances
05:31 Low Income Superannuation Tax Offset (LISTO) explained
10:44 Payday super update
13:40 The importance of staying informed about super
16:40 Conclusion
friendswithmoney #tomwatson #shanehancock #superannuation
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In this episode of the Friends With Money podcast, Vanessa Walker, managing editor of Money Magazine, delves into the topic of franking credits with Matthew Gibbs, the author of 'Frankly Speaking' in Money Magazine's October issue.
Matthew explains the concept of franking credits, how they work, and their implications for shareholders in Australia. He discusses the benefits and potential downsides, highlighting the impact of corporate tax rates and providing examples to illustrate these points.
friendswithmoney #vanessawalker #matthewgibbs #frankingcredits
00:20 Understanding Franking Credits
00:54 Detailed Explanation of Franking Credits
03:56 Tax Implications for Shareholders
07:37 Examples and Calculations
11:52 Potential Changes in Corporate Tax Rates
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One of the great uncertainties in retirement is how long your savings will need to last. So, could annuities provide an answer?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Aaron Minney, head of retirement income research at Challenger, to unpack everything annuities.
00:00 Introduction
00:50 What are annuities?
01:33 Understanding how annuities work
04:40 Annuities vs account-based pensions
06:32 Pros and cons of annuities
09:02 Which retirees could annuities suit?
13:23 Sequencing risk and annuities
16:42 Perceptions and awareness
20:20 Conclusion
friendswithmoney #tomwatson #aaronminney #annuities
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From superannuation to digital assets, there’s much more to think about with estate planning than just creating a will.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by William Moore, partner and head of private client advisory at Hall & Wilcox, to run through some of the essential components of estate planning.
00:00 Introduction
01:45 Why you need a will and when to update it
04:51 Power of attorney
08:05 Superannuation and naming beneficiaries
12:17 Digital assets in estate planning
15:04 Tax implications for beneficiaries
18:43 Final Thoughts and Advice
20:28 Conclusion
friendswithmoney #tomwatson #williammoore #estateplanning
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Procrastination is a bad habit at the best of times, but when it comes to our finances, failing to act can have serious consequences.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Shayne Sommer, a private wealth adviser at Shadforth Financial Group, to discuss the topic of financial procrastination and the ways in which it can be tackled.
00:00 Introduction
01:37 Common examples of financial procrastination
04:03 Psychological factors behind it
06:10 The consequences of financial procrastination
09:50 Strategies to combat procrastination
11:51 Imbedding good habits
12:45 Conclusion
friendswithmoney #tomwatson #shaynesommer #financialprocrastination
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Emerging markets have had a strong showing so far in 2025. But is the allure of growth and diversification worth the risk?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Hugh Lam, investment strategist at Betashares, to take a deep dive into the world of emerging markets.
01:24 Defining emerging markets
04:48 Opportunities in emerging markets
07:12 Risks in emerging markets
08:34 The place of emerging markets in a portfolio
12:50 Recent performance of emerging markets
15:30 China and India: Key markets
19:00 Investment options
friendswithmoney #tomwatson #hughlam #investing #emergingmarkets
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Whatever the asset, investors dream of spotting opportunities before everyone else – and property’s no different. So how can buyers identify hotspots early?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Abdullah Nouh, founder of Melbourne buyers’ agency Mecca Property Group, to discuss the features that investors may want to look for in a location and individual property.
00:00 Introduction
01:33 Key indicators of growth suburbs
04:24 Spotlight on Melbourne, Perth and Darwin
08:14 Traits of a good investment property
11:38 Additional tips for property investors
14:25 Conclusion
friendswithmoney #tomwatson # abdullahnouh #property #propertyinvesting
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In this episode of the Friends With Money podcast, Vanessa Walker hosts an in-depth discussion with journalist Ryan Johnson about the financial aspects of solar energy in Australia.
Starting with the government's 2020 renewable energy target, the conversation covers the evolution and uptake of solar panels, the introduction of solar batteries, and the new incentives available.
They also delve into innovative energy solutions like virtual energy networks, vehicle-to-grid (V2G) technology, and the impact of electric vehicles on home energy storage.
00:39 The history and impact of solar energy in Australia
03:24 The rise of solar batteries
06:42 Innovative energy solutions and subsidies
10:03 Electric vehicles and energy integration
#friendswithmoney #vanessawalker #ryanjohnson #renewables #solar
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Investors often agonise between choosing stocks that can deliver dividends or growth. But is it possible to get the best of both worlds?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Jonathan Nurick, founder and co-chief investment officer at investment fund DivGro, to discuss all things dividends.
00:00 Introduction
01:26 Understanding dividend and growth stocks
02:36 The advantages of dividend stocks
03:15 The emotional journey of investing
04:52 The Gordon growth model explained
07:00 Identifying good dividend stocks
09:08 Examples of dividend stocks
11:52 Generating income from dividends
14:24 Balancing your investment portfolio
16:28 Final thoughts and tips
18:52: Conclusion
#friendswithmoney #tomwatson # jonathannurick #investing #dividends
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With power bills rising, could solar, batteries and electrified heating and cooking help households save in the long run?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Saul Griffith, founder of Rewiring Australia and author of Plug In – The Electrification Handbook, to discuss the opportunities presented by home electrification.
01:44 The journey to writing Plug In - The Electrification Handbook
04:15 Understanding electrification and its benefits
07:02 The five major areas of household electrification
08:55 Costs and payback
11:02 Explaining Home Energy Management Systems (HEMS)
14:23 Challenges for renters and strata owners
16:46 The economic benefits of electrification
#friendswithmoney #tomwatson #saulgriffith #energy #electrification
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Is AI coming to take your job?
In this episode of the Friends With Money Podcast by Money Magazine, managing editor Vanessa Walker and journalist Nicola Field discuss the impact of AI on the job market, focusing on both global and local perspectives.
They explore how AI is expected to create more jobs than it eliminates by 2030 and identify roles likely to thrive versus those at risk, characteristics of AI-resistant jobs, and strategies for employees to future-proof their careers.
They further discuss the importance of embracing AI-related changes and continuous learning to stay competitive in the evolving job market.
00:47 Impact of AI on global and Australian job markets
02:01 AI in the workplace: Efficiency and human roles
03:24 Benefits of AI for employers
04:29 Future-proofing your career with AI
05:58 Fastest growing and declining jobs
08:06 Educational paths and opportunities in AI
#friendswithmoney #vanessawalker #nicolafield #AIjoblosses
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Home prices are rising and interest rates falling, so do buyers or sellers hold the cards leading into the spring property season?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Dr Nicola Powell, chief of research and economics at Domain, to discuss the latest on property prices and preview the spring property season.
#friendswithmoney #tomwatson #nicolapowell #property #spring
00:59 Spring property market preview
01:45 Current property market trends
03:43 Impact of cash rate reductions
05:07 Profits and losses in the housing market
06:17 Spring selling season insights
09:19 Market outlook for 2025 and beyond
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The RBA dropped the cash rate once again at its August meeting, so which banks have already passed the cut on to mortgage and savings customers?
On this bonus episode of the Friends With Money podcast, Money’s Tom Watson is joined by Graham Cooke, head of consumer research at Finder, to run through the latest home loan and savings changes following the August RBA cut.
#friendswithmoney #tomwatson #grahamcooke #rba #mortgages
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There are many parts to building sturdy financial foundations, but it’s hard to argue against the importance of property in that mix.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by financial advisor and author, Helen Baker, to talk about her latest book ‘Money for life’ and the role of property in building financial security. They discuss:
- Five fundamental financial foundations
- Buying a home versus an investment property
- What buyers often don’t not know about property finance
- Property and opportunity cost
- The benefit of owning property in retirement
#friendswithmoney #tomwatson #helenbaker #property
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From mix-ups and records highs to new ETF listings, the past week has been full of action on the ASX.
On this bonus episode of the Friends With Money podcast, Money’s Tom Watson is joined by Samy Sriram, market analyst at Stake, to discuss the new exchange traded funds from Betashares and Global X and to provide an update on the performance of the local market.
#friendswithmoney #tomwatson #samysriram #asx #etfs
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Balancing emotions, managing relationships, making practical financial decisions – dealing with an inheritance isn’t always simple.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Melody Edwards, a senior financial adviser at Evalesco, to discuss the hidden costs of inheritance and aligning a windfall with your financial goals.
00:00 Introduction
02:52 Emotional and relationship dynamics of inheritances
07:43 Practical advice for managing an inheritance
10:08 Short-term and long-term financial strategies for inheritances
16:32 Final thoughts and tips
18:13 Conclusion and farewell
#friendswithmoney #tomwatson #melodyedwards #inheritance
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In this episode of the Friends With Money Podcast, Vanessa Walker, managing editor of Money, interviews Paolo Sironi, a global research leader in banking and finance from the IBM Institute for Business Value, about the transformative impact of AI on the banking sector, its innovations, and the emerging trends of digitalisation, personalisation, communication, and platformisation.
They also delve into the risks associated with AI, such as data breaches, and the importance of AI literacy and talent in the banking industry.
Sironi provides insights on how Australian banks can stay competitive, especially by focusing on the small and medium-sized enterprises (SME) market, and the need to adapt risk management practices to leverage AI effectively.
00:45 The evolution of banking with AI
04:08 AI and customer security risks
07:32 The rise of agentic AI in banking
10:12 Australian Banks: staying competitive with AI
15:27 Managing risk with AI
18:45 Future innovations and opportunities
#friendswithmoney #vanessawalker #paolosironi #aibanking
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In this bonus episode of the Friends With Money podcast, Money's Michelle Baltazar chats with David Higgins, CTO at Eftsure, about the alarming rise in a scam known as ghost tapping.
Higgins explains what the new scam is, what to watch out for, and how to protect yourself.
#friendswithmoney #michellebaltazar #davidhiggins #hackers
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Volatility has been the major theme in investment markets during the first six months of 2025, but is that likely to continue?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Jonathan Shead, Australian head of investments at State Street Investment Management, to discuss the recent performance of equity and fixed income markets and take a look at the months ahead.
01:52 Volatility, macroeconomics and geopolitics
05:48 Equity market performance
08:54 Fixed income insights
11:06 Gold analysis
13:51 Future forecast
#friendswithmoney #tomwatson #jonathanshead #investing #markets
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Bitcoin has notched yet another record high, but can the bull market continue or will prices come back down to earth?On this bonus episode of the Friends With Money podcast, Money’s Tom Watson is joined by Charlie Sherry, head of finance at BTC Markets, to discuss the latest surge in the price of Bitcoin and the drivers behind it.
#friendswithmoney #tomwatson #charliesherry #bitcoin
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Interested in the idea of investing regularly, but don’t have tons of cash to contribute? Micro-investing could be the solution.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Kylie Purcell, investments analyst at Finder, to run through the ins and outs of micro-investing.
They discuss:
- How micro-investing differs from traditional investing
- The major micro-investing apps and platforms in Australia
- Which assets investors can trade on micro-investing platforms
- Some of the benefits and downsides of micro-investing
- Micro-investing fees and the impact on returns
#friendswithmoney #tomwatson #kyliepurcell #microinvesting
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The RBA handed down a surprise cash rate decision on Tuesday, so why were rates held and what could be in store next month?
On this bonus episode of the Friends With Money podcast, Money’s Tom Watson is joined by Paul Bloxham, HSBC’s chief economist for Australia and New Zealand, to discuss the fallout from the RBA Monetary Policy Board’s July meeting.
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In this episode of the Friends with Money podcast, we explore the housing crisis in Australia and how renting out spare bedrooms could help provide more affordable housing.
Money's Ryan Johnson joins host Managing editor, Vanessa Walker, to discuss the housing shortfall in Australia. They talk about the factors contributing to the crisis, including lagging construction and policies that favour investors over first-time buyers. Ryan explains how the 13 million unused spare bedrooms across Australia are an untapped resource that could help ease supply constraints. We learn who owns these spare rooms, the barriers keeping them from renting them out, and how policies could incentivise making better use of this latent housing supply.
Key Takeaways:
2:30 - There is a 250,000 home shortfall between housing needed and current supply. Construction isn't keeping pace with demand.
5:15 - Older Australians own most of the 13 million unused spare bedrooms, often in large, empty nest homes.
8:00 - Emotional barriers like safety concerns and desire for privacy have kept seniors from renting out rooms.
10:30 - Clarification on how capital gains tax applies when renting out part of a home.
13:00 - How rental income affects pensions - calls for policy tweaks to incentivise room rentals.
15:30 - Bank now counts rental income toward mortgage eligibility.
To learn more about Australia's housing crisis and the spare bedroom solution, be sure to listen to this insightful episode!
#friendswithmoney #vanessawalker #ryanjohnson #housingcrisis #sparebedroom
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In this bonus episode of the Friends With Money Podcast, Michelle Baltazar, editor-in-chief of Money magazine, chats with Stephen Dover, chief market strategist at global fund manager Franklin Templeton, which manages more than $2.35 trillion in assets globally.
They explore the implications of the 'Big Beautiful Bill'—a significant tax bill aimed at reducing dependence on imports, boosting jobs, and fostering economic growth through tax cuts and regulatory changes.
They also discuss how Trump's new tariffs could impact Australian investors.
#friendswithmoney #michellebaltar #stephendover #trumpstariffs
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The age pension can be a crucial part of the financial mix in retirement, but many retirees aren’t unlocking its full potential.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Andrew Dinsdale-Scanlon from TelstraSuper Financial Planning to run through the financial strategies that could help Australians maximise their age pension entitlements.
00:00 Introduction
00:41 Overview on maximising the age pension
01:48 Strategies to reduce assets
03:31 Spousal contributions
05:13 Understanding lifetime pensions
08:07 The impact of debt on the age pension
09:49 Conclusion
#friendswithmoney #tomwatson #andrewdinsdalescanlon #agepension #superannuation
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*Proudly brought to you by Telstra Super
Disclaimer:Andrew Dinsdale-Scanlon is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Andrew gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . Additionally, the scenarios discussed are based on the relevant superannuation rates and thresholds for 2024/25 and may change in future years. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au
Curious about the latest Consumer Price Index data and its impact on interest rates?
Join Money's Michelle Baltazar and Ivan Calhoun, chief economist at Creditor Watch, on our bonus Friends With Money podcast episode.
Get the latest on the recent CPI numbers and the upcoming RBA’s rate decision.
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In volatile markets, is there anywhere you can safely invest your hard-earned cash?
In this episode of the Friends With Money Podcast, Michelle Baltazar, editor-in-chief of Money Magazine, discusses the concept and benefits of Global Private Credit with Nehemiah Richardson, chief executive and managing director at Pengana Credit.
The discussion centers around why diversification, especially in financial uncertain times, is important and how Global Private Credit can offer attractive investment opportunities.
They also touch on how retail investors can access this asset class and introduce Pengana's TermPlus product.
00:19 Market whiplash and diversification
00:56 Understanding Global Private Credit
01:51 Investment characteristics and benefits
04:14 Risk mitigation and manager selection
06:17 Local vs. global private credit
10:12 Innovations in global private credit
10:56 TermPlus: A new investment product
14:37 Final thoughts and advice
#friendswithmoney #michellebaltazar #nehemiahrichardson #pengana #globalprivatecredit
Links: https://termplus.com.au/
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**Proudly brought to you by Pengana Capital
Pengana Capital Limited (Pengana) (ABN 30 103 800 568, AFSL 226 566) is the issuer of units (Term Accounts) in TermPlus (ARSN 668 902 323). Any advice provided is general in nature and does not take into account your particular objectives, financial situation or needs. You should consider the PDS and TMD available at www.termplus.com.au before investing in TermPlus. For further details, please see the Important Information page at www.termplus.com.au/important-information/.
In this bonus episode of the Friends with Money Bonus Podcast, Vanessa Walker from Money Magazine interviews Jane McNamara of NBN about the upcoming accelerated speed plans starting in September.
Jane discusses how these changes will benefit the growing number of connected devices in Australian homes and offers advice on leveraging end-of-financial-year sales to upgrade plans or in-home equipment.
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From finding unclaimed money to benefiting from financial advice, there’s plenty of upside to taking a curious approach to super.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Sarah Forman, chief retirement officer at Team Super, to discuss the benefits of taking an active interest in super (and how to get started).
00:00 Introduction
01:27 Three things every super member should know
04:02 Insurance and superannuation
05:32 Practical tips for managing super
08:01 The role of financial advice
10:46 Making superannuation relatable
13:03 Conclusion
#friendswithmoney #tomwatson #sarahforman #superannuation
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*This podcast is proudly brought to you by Team Super. Sarah Forman is the Chief Retirement Officer of Team Super.
Issued by Team Super Pty Ltd ABN 70 003 566 989 AFS licence 246864 as Trustee for the Team Superannuation Fund ABN 16 457 520 308. Any financial advice in this podcast does not take into account your financial situation, needs or objectives. Before acting, consider if the information is right for your needs and circumstances and read the relevant Product Disclosure Statement (PDS) at teamsuper.com. The Target Market Determinations for our financial products can be found at teamsuper.com/tmd. Financial planning services are provided by Team Super Financial Advice a trading name of Team Super Services Pty Ltd ABN 49 051 315 014 AFS licence 502700 and is a wholly owned subsidiary of Team Super Pty Ltd.
After a shock bid pushed Santos shares up 27%, podcast host Michelle Baltazar chats with investment expert Dale Gilham on why investors may be turning their sights on the appeal of Whitehaven Coal and Woodside shares.
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Money can really complicate relationships.
On this episode of the Friends With Money Podcast, hosted by Money's Vanessa Walker, writer Nicola Field discusses ways to have healthy financial relationships, even when things go wrong.
They explore how to maintain healthy financial relationships, the realities and statistics of marriage and divorce in Australia, and key factors like transparency, communication, and financial goals in relationships.
Field emphasises the importance of financial binding agreements, managing finances together, and strategies for protecting and distributing assets and inheritances.
00:19 Exploring Money and Relationships
01:22 The Reality of Relationship Longevity
02:34 Positive Financial Signs in Relationships
03:27 Red Flags in Financial Relationships
04:22 Understanding De Facto Relationships
05:30 Protecting Yourself Financially in Relationships
07:15 Managing Finances as a Couple
08:41 Superannuation and Family Dynamics
10:37 Navigating Separation and Divorce
12:46 Blended Families and Financial Protection
14:59 Designing an Inheritance
#friendswithmoney #vanessawalker #nicolafield #relationships
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The 2024-25 financial year is almost over, which means tax time is just around the corner. So what can taxpayers do to prepare?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Mark Chapman, director of tax communications at H&R Block, to discuss key tax dates, contributions, deductions, documents and more.
00:00 Introduction
00:28 Key dates for the 2025 tax season
03:08 The taxpayers under ATO scrutiny
05:39 Last-minute deductions and contributions
10:41 Preparing for the new financial year
12:15 Upcoming tax changes and final thoughts
#friendswithmoney #tomwatson #markchapman #tax
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In this bonus episode of the Friends With Money Podcast, Money's Michelle Baltazar talks with Janine Young, Ombudsman at Energy and Water Ombudsman New South Wales, about effective strategies to manage and reduce winter energy bills.
The discussion includes insights on recent energy price hikes, understanding market contracts, and tips for finding the best energy deals.
01:43 Understanding energy price increases
04:18 Tips to save on your energy bill
06:19 Affordability programs and final tips
07:30 Conclusion and contact information
#friendswithmoney #michellebaltazar #janineyoung #energycosts
Story link: https://www.moneymag.com.au/how-to-get-your-energy-bills-ready-for-winter
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Feeling stuck in your career and wondering if you should be earning more?
Are there steps you can take today to boost your future prospects?
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with employment expert and author Roxanne Calder about how you can improve your salary and career opportunities.
- How to earn an extra million dollars
- Salary tips in your 20s, 30s and 40s
- Steps to a better career and salary
- Dig deep and apply yourself
#friendswithmoney #michellebaltazar #roxannecalder #gendergap
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On this episode of the Friends With Money Podcast, we delve into how the family home can play a critical role in retirement planning for older Australians
Money's Vanessa Walker chats with Telstra Super's Rebecca Cheevers and Sophie McRae about downsizing contributions, the impact of selling your home on pension entitlements, and strategies for couples where one partner is still working.
They also explore the benefits and drawbacks of reverse mortgages and the Home Equity Access Scheme for retirees.
00:15 Exploring the role of the family home in retirement
01:00 Downsizing and super contributions
03:34 Impact on age pension and financial strategies
05:54 Home equity access schemes and reverse mortgages
07:56 Using the family home for aged care
#friendswithmoney #vanessawalker #rebeccacheevers #sophiemcrae #familyhome
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*Proudly brought to you by Telstra Super
Disclaimer:
Rebecca Cheevers and Sophie McRae are financial advisers with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Rebecca or Sophie gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . Additionally, the scenarios discussed are based on the relevant superannuation rates and thresholds for 2024/25 and may change in future years. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au
Market jitters got you worried?
Tune into the Friends With Money podcast as Money's Michelle Baltazar and Money magazine founder Paul Clitheroe unpack recession-proof investing strategies.
Discover how to safeguard your savings and investments, the power of diversification, and why a cool head can be your best asset.
Paul also shares his expert perspective on historical market cycles and actionable tips for weathering economic storms.
00:20 Recession proof investing: can we protect our savings?
00:41 Market volatility and historical perspectives
02:57 The importance of common sense in investing
05:51 Global population growth and economic demand
07:42 Recession proof strategies and personal experiences
14:17 Final thoughts and practical advice
Link: https://www.worldometers.info/
#friendswithmoney #michellebaltazar #paulclitheroe #recession
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So you’re retired, what now?
In this episode of the Friends with Money podcast, Money’s Michelle Baltazar is joined by Adam Nettheim, chief customer officer at Commonwealth Superannuation Corporation (CSC). They discuss the transition from traditional retirement planning to a more holistic approach, integrating both digital and human elements, early retirement coaching, and understanding the continuum of retirement.
They also explore the importance of financial and emotional preparedness, the role of super funds as retirement partners, and practical advice for current and future retirees.
00:56 Exploring global retirement trends
03:18 Retirement planning for Australians
06:21 Becoming a retirement partner
11:54 Practical tips for a successful retirement
Links: worldometers.info
#friendswithmoney #michellebaltazar #adamnettheim #retirement
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*Proudly brought to you by Commonwealth Superannuation Corporation (CSC)
The current stock market is turbulent – what's the smartest way to safeguard your investments?
In this week's episode of the Friends With Money Podcast, Money Magazine's Michelle Baltazar chats with Juliana Rajkovic, investment advisor at Escala Partners, about managing investment portfolios during these uncertain times.
They explore the market shocks sparked by U.S. tariffs, the crucial practice of stress-testing and rebalancing, and strategies for incorporating defensive assets such as fixed income and gold. They also delve into how economic changes are influencing various asset classes, including global and Australian shares, property, and private debt.
00:00 Friends with Money podcast open
00:20 Meet Juliana Rajkovic, investment advisor at Escala Partners
01:23 Market uncertainty and volatility
02:15 Recession forecasts and portfolio rebalancing
06:37 Defensive assets and fixed income
09:37 Exploring private debt and credit strategies
11:04 Australian equities and property investments
14:47 Currency considerations and final advice
17:45 Recap and closing remarks
#friendswithmoney #michellebaltazar #julianarajkovic #stockmarket
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On this episode of the Friends With Money podcast, we tackle the confusing world of superannuation fees.
Money's Michelle Baltazar talks with Daniel Shrimski from Vanguard Australia about how a lack of transparency and awareness around these fees can hurt people’s retirement savings.
Shrimski shares practical tips and provides an example on how to potentially save $1,500 each year on fund fees.
00:00 Introduction
00:20 Understanding superannuation fees
00:58 Guest introduction: Daniel Shrimski
01:53 Vanguard Australia's role in superannuation
02:06 The fund with 50 million investors
03:08 The six types of super fees
06:57 Reading your superannuation statement
09:00 Pushing for transparency
11:51 Are you overpaying?
14:00 The average super fund fee
15:31 Conclusion and final thoughts
#friendswithmoney #michellebaltazar #danielshrimski #supersavings
Links:
YourSuper Comparison Tool
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*Proudly brought to you by Vanguard Australia
Many will appreciate the importance of retirement planning, but getting started can feel daunting. Fortunately, technology is helping to change the game.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Jeremy Lack, financial adviser with TelstraSuper Financial Planning, to chat about the emerging digital tools assisting superannuation members with retirement planning. They discuss:
- The types of digital super tools already out there
- Which super members can benefit from using them
- Navigating investment options and risk
- Working out how long super will last in retirement
- How digital tools fit in with traditional financial advice
#friendswithmoney #tomwatson #jeremylack #superannuation
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*This episode is proudly brought to you by Telstra Super.
Jeremy Lack is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au
Cryptocurrency has piqued the interest of many Australians in recent years. So for those looking to access the likes of Bitcoin, is there any advantage to using ETFs over buying directly?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Marc Jocum, senior investment strategist at Global X ETFs, to dig into cryptocurrency exchange traded funds and what they are all about. They discuss:
- Crypto ETFs versus buying directly
- The crypto assets available through ETFs
- How crypto ETFs actually work
- The recent performance of cryptocurrency
- What the future could hold for crypto ETFs
friendswithmoney #tomwatson #marcjocum #cryptocurrency #ETFs
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In this bonus episode of the Friends With Money Podcast, hosted by Michelle Baltazar, editor-in-chief at Money Magazine, the focus is on the impact of recent US tariff policies, referred to as 'Liberation Day' by Donald Trump.
This week's guest, Tim Harcourt, chief economist at the University of Technology Sydney, discusses the adverse effects these tariffs will likely have on American workers and farmers, despite Trump's intentions to bolster the US economy.
For Australian investors, Harcourt advises a cautious 'wait-and-see' approach and emphasises the long-term strengths of the Australian market.
#friendswithmoney #michellebaltazar #timharcourt #trumptariffs
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In this episode of the Friends With Money Podcast, Vanessa Walker, managing editor of Money Magazine, discusses insurance with journalist Ryan Johnson.
They explore why insurance premiums are rising, ways to find the best value policies, and the inner workings of the insurance industry. They also highlight the winners of the Life Insurance 2025 Awards in various categories.
Tune in for valuable insights and tips to help you make informed insurance decisions:
00:00 Introduction to Friends With Money Podcast
00:53 Understanding Insurance Deals
03:16 How Insurance Works
06:44 Rising Insurance Premiums
08:15 Life Insurance Awards 2025
10:29 Conclusion and Final Thoughts
#friendswithmoney #vanessawalker #ryanjohnson #insurance
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What are the top 5 mistakes people make regarding retirement?
Did you know, for example, that you need to start planning for retirement a decade beforehand?
This week on the Friends With Money podcast, Money's Vanessa Walker sits down in the studio with Money's super columnist Vita Palestrant to chat about the top do's and don'ts when heading into retirement.
- What's the biggest mistake that people make?
- Why is super such a great investment and tax strategy, no matter what age?
- Should you be worried about the risks?
- What strategies are there if you don't have enough?
#friendswithmoney #vanessawalker #vitapalestrant#retirementmistakes
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The price of gold has gone from strength to strength in recent years, but can it continue on its upward trajectory?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Chris Brycki, the founder and chief executive of Stockspot, to provide an update on gold prices and dig into the role gold can play in investment portfolios.
- How have gold prices changed in recent years?
- What’s driven the rise in gold prices?
- What role can gold play in an investment portfolio?
- Is there a recommended portfolio allocation for gold?
- Could people be missing out on gold in their superannuation?
#friendswithmoney #tomwatson #chrisbrycki #gold
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Interest rates are beginning to fall, so could now be a prime time to take stock of your mortgage and consider switching lenders?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Graham Cooke, head of consumer research at Finder, to discuss the latest interest rate movements and the ins and outs of refinancing a home loan.
- How have banks reacted to the recent RBA cut?
- What are the lowest mortgage rates on the market?
- Can negotiating with your current lender actually work?
- When can switching home loans be a good or bad option?
- How does refinancing alone differ from using a broker?
#friendswithmoney #tomwatson #grahamcooke #mortgages #refinancing
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Like the idea of giving your superannuation balance a bump up, but don’t know where to start? The good news is that there’s no shortage of tactics to employ.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rebecca Cheevers and Sophie McRae of TelstraSuper Financial Planning to run through the steps Australians can take in their 20s, 30s, 40s and 50s to put themselves in a better position come retirement.
They discuss:
- The impact that investment options and salary sacrificing can have
- Whether insurance is a necessity for everyone in their 20s
- How couples can utilise contribution splitting
- Making the most of catch-up concessional contributions
- Using downsizer contributions as retirement nears
#friendswithmoney #tomwatson #rebeccacheevers #sophiemcrae #superannuation
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*This episode is proudly brought to you by Telstra Super.
Rebecca Cheevers and Sophie McRae are financial advisers with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial planning services to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Rebecca and Sophie give is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au.
Technological innovations are reshaping our lives, from the way we shower and sleep to how we go about purchasing property and holding assets.
This week on the Friends With Money podcast, Money’s managing editor Vanessa Walker is joined by senior journalist Tom Watson to delve into the cutting-edge innovations shaping the future of finance. They discuss:
- The latest gadgets at home
- Artificial intelligence in property investment
- Fractional share trading
- Asset tokenisation
- Green cryptocurrency
#friendswithmoney #vanessawalker #tomwatson #finance #innovation
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Buying a property for the first time can be hard enough as it is, let alone with all the myths and misconceptions out there.
This week on the Friends With Money podcast, Money's Tom Watson is joined by Emily Wallace, founder and director of buyers agency Wallace Advocates, to shine a light on five major misconceptions that surround the home buying process.
- Is buying an apartment a smart move?
- Are all body corporates poorly run?
- Can breaking into the market really be done?
- Are spare rooms a ‘must have’ feature?
- Is it worth paying less to avoid stamp duty?
#friendswithmoney #tomwatson #emilywallace #property
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Trillions of dollars are set to be inherited over the next decade as part of a huge intergenerational wealth transfer. So what are the tax implications for those involved?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Mark Chapman, Director of Tax Communications at H&R Block, to run through some of the major questions surrounding inheritance and tax.
- Does Australia have an inheritance tax?
- What are the tax implications for inherited property?
- Will inherited shares, cash or super be subject to tax?
- Does CGT apply to inherited collectibles?
- Which professionals can provide advice on the subject?
friendswithmoney #tomwatson #markchapman #inheritance #tax
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Three in four Australians rely on a specific method to manage their money, so which one could be the right fit for you?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Andrew Morrison, chief product and growth officer at Ubank, to talk about money management and five popular budgeting methods. They discuss:
- The importance of budgeting for financial health
- Five of the most popular budgeting methods
- The 50/30/20 method, envelope system and zero-based budgeting
- Automating the savings and budgeting process
- Quickfire money management tips
friendswithmoney #tomwatson #andrewmorrison #moneymanagement #budgeting
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Can you generate passive income with ETFs?
In this episode of the Friends With Money podcast, Money's Michelle Baltazar sits down in the studio with deputy head of investments and capital markets at VanEck, Jamie Hannah, to discuss how best to capitalise on the ETFs in your portfolio.
- How to invest in Exchange Traded Funds (ETFs)
- What are some of the popular ETFs
- Managing and withdrawing your profits
- Tax and bookkeeping
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The start of the year can be a great time to check in on your finances and make adjustments. But what’s the best way of going about it?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Rachel Wastell, personal finance expert at Mozo, to run through three steps aimed at giving your finances a refresh and setting you up for the year ahead. They discuss:
- Reviewing home loan and savings rates
- The benefits of streamlining accounts
- Consolidating your debt
- The role of superannuation in planning ahead
#friendswithmoney #tomwatson #rachelwastell #personalfinance
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From the success of the Magnificent Seven to moments of real volatility, 2024 was a year to remember for equity markets. But what does 2025 have in store?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Chief Strategy Officer at Tiger Brokers, Greg Boland, to reflect on the performance of share markets in 2024 and look ahead at how markets may fare this year. They discuss:
- The major events and themes of 2024
- Winners and losers on the ASX
- How US markets performed last year
- The most popular shares and ETFs with investors
- How equity markets might fare during 2025
#friendswithmoney #tomwatson #gregboland #shares #investing
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Ever wondered what the best wine, car, or super fund in Australia is?
Each year, we scrutinise the Australian market to uncover the best of the best products and services for you.
This week on the Friends With Money podcast, Money's Michelle Baltazar and Vanessa Walker are in the studio to reveal the top 2025 award winners!
And the top picks are...
- Best Super Fund
- Best Investment Manager
- Best Flexible Home Loan
- Overall best ETF Manager
- Best wines and books
PROMO CODE: X2412MON
(Annual digital and print subscription - Get a free 2025 Collins diary with your purchase)
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Sometimes making mistakes makes you a better investor in the long run.
Knowing what mistakes to look out for can save you thousands.
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with John Addis, Money contributor and author, about his biggest investing mistakes and how to avoid them.
- Should you manage your investments?
- When to sell a stock
- When not to invest in a stock
- What about a stock that you should have bought?
#friendswithmoney #michellebaltazar #johnaddis #investingmistakes
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Ever wondered what happens to torn or dog-eared banknotes, and whether Australians can get a refund for handing them in?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Greg Dicinoski, chief scientist at the Reserve Bank’s Note Issue Department, to put damaged banknotes under the microscope.
- Just how prevalent are cash payments in Australia?
- What are the common, and more unusual, causes of banknote damage?
- What should you do with damaged cash?
- Can you get a refund for handing in damaged notes or coins?
- How does the Reserve Bank deal with damaged banknotes?
- Why is it important for damaged cash to be removed from circulation?
#friendswithmoney #tomwatson #gregdicinoski #cash #rba
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Cooling inflation. Soaring tech stocks. 2024 has been a significant year for news, so before it ends, it's time to look back on the major stories in the world of finance.This week on the Friends With Money podcast, Money's Tom Watson is joined Money’s Managing Editor, Vanessa Walker, to reflect on some of the biggest events, trends and reforms in 2024 and how they’ve affected our financial lives. They discuss:
- Cryptocurrency ETFs and prices
- Easing inflation
- Interest rate stalemate
- Income tax cuts
- Nvidia and the Magnificent Seven
- Housing affordability
- Student loan reforms
- The Best of the Best
friendswithmoney #tomwatson #vanessawalker #finance
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Sometimes, to achieve our goals, we need to change direction.
But how do you determine whether you are on the right path to achieve your desired outcomes?
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with author, coach, and the former CEO of Xero, Steve Vamos, on how to get back on track and stick with your plan.
- The importance of clarity
- Staying on track by alignment
- Compliance is mandatory
- Having the difficult conversations
#friendswithmoney #michellebaltazar #stevevamos #change
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Bitcoin's value has blasted past the one hundred thousand mark and is expected to soar even higher in 2025.
In this bonus episode of The Friends With Money Podcast, Money's Michelle Baltazar and Vanessa Walker discuss the highs and lows of this volatile digital currency.
Money online story: https://www.moneymag.com.au/why-crypto-prices-are-surging
Bitcoin edition: https://www.magshop.com.au/Products/MON240701/money-magazine-july-2024-issue
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Navigating the art of asking for what you want can feel daunting, but strong negotiation skills can pave the way to success.
Michelle Baltazar, Editor-in-Chief at Money, in this episode of the Friends With Money podcast chats with Glin Bayley, coach and author of 'The Negotiation Playbook: Strategies That Work and Results That Last', about why mastering negotiation is essential for achieving your life (and money) goals.
They discuss:
- Preparation is the key
- Understanding intrinsic vs. extrinsic value
- Leaning into the discomfort of a negotiation
- Common mistakes people make when asking for a pay rise or sale discount
#friendswithmoney #michellebaltazar #glinbayley #negotiate #abetterlife
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With the festive season upon us, present lists are being written around the country. But is there anything investors may want to add to their own wish lists?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by chief investment analyst at Wealth Within, Dale Gillham, to chat about the state of the market and the Australian companies which could shine bright in the near future.
- How has the share market been performing recently?
- Which local sectors look promising?
- Are there any blue chip stocks worth looking at?
- Which Australian microcaps could surprise on the upside?
friendswithmoney #tomwatson #dalegillham #investing #shares
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Are there simple measures we could be taking every day to improve our money habits and our overall financial health?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Simi Rayat, psychologist and author of Productivity Joy, to chat about the relationship between psychology and money.
They discuss:
- When and how are people’s attitudes towards money formed?
- Why does money spark emotion that doesn’t appear with other issues?
- How can confirmation bias and sunk-cost fallacy affect our financial life?
- How can the 5Qs Formula improve our financial decision-making?
#friendswithmoney #tomwatson #simirayat #finance #psychology
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The sales season is fast approaching, so how can shoppers make sure that they actually grab a bargain on Black Friday or Boxing Day?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Sarah Megginson, personal finance expert at Finder, to preview this years’ sales season and discuss the steps consumers can take to maximise their savings.
- Are sales events like Black Friday genuinely a good time to shop?
- Should Aussies do anything before the sales to help them get a bargain?
- How can shoppers boost their savings with cashback and other discounts?
- What rights do consumers have to returns and repairs?
- What other tips or tricks can shoppers use?
#friendswithmoney #tomwatson #sarahmegginson #sales #blackfriday #boxingday
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There’s a raft of new superannuation initiatives and reforms set to come online in the next few years, so how will these affect super members?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Peter Hogg, general manager for guidance and advice at Aware Super, to talk through the changes which kick off from July 2025. They discuss:
- Superannuation on paid parental leave
- The upcoming super guarantee increase
- Proposed changes to tax concessions on higher balances
- The impact of payday super
- Practical tips for getting the most out of super
#friendswithmoney #tomwatson #peterhogg #superannuation
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With inflation falling and interest rates starting to do the same, is now an opportune time to consider investing in fixed income or has the window passed?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Marc Jocum, product and investment strategist at Global X ETFs, to chat all things fixed income. They discuss:
- The assets included in the fixed income basket
- How bonds deliver returns to investors
- The benefits of having a fixed income allocation
- How fixed income assets are affected by interest rates
- The pros and cons of investing in fixed income now
#friendswithmoney #tomwatson #marcjocum #investing #fixedincome
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From Boomers to Zoomers, which stock-picking style is better?
Craig Keary, CEO of trading platform Selfwealth, is back in the studio with Money's Michelle Baltazar to discuss the latest investment trends and which generation is leading the way.
- Compare the share portfolios of Boomers, Gen X, Millenials and Gen Z based on 2024 trading data
- What are the factors influencing each generation's investment choices?
- What tactic is likely to succeed? Who invests in ETFs?
#friendswithmoney #michellebaltazar #craigkeary #investing
Links:
Selfweath website
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Purchasing a home isn’t a simple process. So, for buyers looking for help or an extra edge on the competition, could a buyers’ agent be worth the cost?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Michelle May, founder and principal agent at Michelle May Buyers Agents, to break down the services that buyer’s agents can provide. The discuss:
- How buyers’ agents differ from selling agents
- The range of services that buyers’ agents can provide
- The world of off-market listings
- How much buyer’s agents can cost
- Tips for buyers entering the market
#friendswithmoney #tomwatson #michellemay #property
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The secret to success lies in the execution.
On this week's Friends With Money Podcast, Money's Michelle Baltazar chats with author, financial adviser, and co-founder of Pivot Wealth, Ben Nash, about wealth-building strategies to help you achieve your goals.
- What are the fundamental strategies?
- Why buying your own home first can slow your wealth-building
- What's the first crucial step?
- Two strategies to accelerate your financial journey
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Plastic isn’t always fantastic, but credit cards can be an effective money management tool. The question is though, what kind of card will match your needs?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rachel Wastell, personal finance expert at Mozo, to dig into the different types of credit cards on the market and the features they offer.
They discuss:
- Suitable cards for everyday spenders
- The benefits of balance transfers
- Travel-friendly credit cards
- Rewards points and premium credit card benefits
- Tips for users to get the most out of their cards
#friendswithmoney #tomwatson #rachelwastell #creditcards
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Are you getting the best deal from your bank?
Open banking is set to transform the Australian banking industry, putting power back in your hands
Maxime Chaury, co-founder of Upworth and open banking specialist, joins Money's Michelle Baltazar together they reveal how to make your money work harder under the new financial landscape.
- Are we getting the most out of our banks?
- What exactly is open banking?
- How can you harness its power to take control of your finances?
- is open banking safe and secure?
Links: Upworth website
#friendswithmoney #michellebaltazar #openbanking #maximechaury
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Thematic ETFs can give investors exposure to particular sectors, geographies or trends happening in the broader market, but they’re not without their risks.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by founder and chief executive of Stockspot, Chris Brycki, to dig into thematic exchange traded funds and the role they can play in portfolios. They discuss:
- What thematic ETFs actually are
- The thematic ETF versus index ETF approach
- Tech and sustainability as themes and the ETFs on offer
- How technology and sustainable ETFs have performed
- The risks of jumping on trendy thematic ETFs
#friendswithmoney #tomwatson #chrisbrycki #investing #etfs
Mind the Gap 2024 report: https://www.morningstar.com/lp/mind-the-gap
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Did you know that most superannuation accounts come with insurance?
In this week's Friends With Money podcast, Michelle Baltazar sits down with lawyer and author Melisa Sloan to unravel the world of superannuation insurance.
They delve into:
- The pros and cons of insurance within and outside your super fund
- What is TPD insurance and when can you use it
- How you might unintentionally void your own super insurance
- The two types of occupation insurance, and more!
#friendswithmoney #michellebaltazar #melisasloan #superinsurance
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Private credit as an asset class has grown into a $3 trillion sector after super funds and big investors started piling in. But is it a good addition to a typical investor portfolio?
Money's Michelle Baltazar takes a deep dive into this investment opportunity with private credit expert Paul Miron, co-founder of Msquared Capital, on this week's episode of Friends With Money.
- What exactly is private credit?
- How much do you need to get started?
- What fees are involved?
- Most importantly, what are the potential risks?
#friendswithmoney #michellebaltazar #paulmiron #privatecredit
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It’s easy to start investing, but have you got the foundations, goals and financial structures in place to set yourself up for success?
This week on the Friends With Money podcast, Money's Tom Watson talks with author and host of the This is Money podcast, Glen James, about the tips and lessons he’s taken away from his investment journey so far.
- What made you want to write The Quick-Start Guide to Investing?
- What should investors do before they even start trading?
- How can investors identify their blind spots?
- Why is cementing an investment strategy so important?
- Where’s the sweet spot between overconfidence and analysis paralysis?
#friendswithmoney #tomwatson #glenjames #investing
Links: Money, Money, Money podcast
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With the rising cost of living squeezing budgets, many are finding it harder than ever to make ends meet.
Sometimes, turning to family and friends for help can feel like the only option. But lending money can be tricky. How do you balance financial support with protecting your relationships?
On this episode, Money's Michelle Baltazar chats with the founder of Chipkie, Michelle Lomas, about the best way to lend money to family and friends.
They discuss:
- The financial pressure created by a rising cost of living, especially when it comes to buying a home
- the complex emotions of borrowing from family & friends
- Tips for lending money with confidence, ensuring repayment, and keeping your relationships strong
#friendswithmoney #tmichellebaltazar #michellelomas #lending
Episode Links:
Chipkie
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Been scammed? You're not alone.
Scams cost nearly $3 billion dollars in 2023 according to the ACCC, but there's hope at hand.
In this episode of the Friends With Money podcast, financial adviser and "On Your Own Two Feet" author Helen Baker joins Money's Michelle Baltazar as they unlock the secrets to help rebuild your finances and protect yourself from cybercriminals.
- What should you do in the first 48 hours after being scammed?
- How do you protect yourself from future fraud?
- Don't get into more debt!
- Steps to bounce back from your loss
Links:
Protect yourself from scams
Report a scam
#friendswithmoney #michellebaltazar #survivegettingscammed #helenbaker
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How have local and international markets performed in 2024 and how are things shaping up in the months to come?
That’s the topic of discussion on this episode of the Friends With Money podcast featuring Money's Tom Watson and chief investment analyst at Wealth Within, Dale Gillham.
- What’s driven the performance of the ASX so far this year?
- Which Australian companies and sectors have performed well?
- What have been the standout international markets?
- How are markets expected to fair over the coming months?
- Will the US election have an impact on markets?
#friendswithmoney #tomwatson #dalegillham #shares
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Planning for aged care can feel overwhelming, but it's an important conversation to have.
This week on the Friends With Money Podcast, financial expert Michelle Baltazar and aged care specialist Caroline Rees tackle your questions about:
- Key considerations for making informed decisions
- Funding options to navigate the financial aspects
- Tax implications to understand the financial landscape
- Getting started on the planning process
#friendswithmoney #tmichellebaltazar #carolinerees #agedcare
Episode Links:
myagedcare.gov.au
Retirement income strategies
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Caroline Rees is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au .
See omnystudio.com/listener for privacy information.
In this bonus episode of the Friends With Money podcast, Grant Hackett, the CEO of GenLife, joins Money's Vanessa Walker to discuss why Bonds might be the right choice for your portfolio.
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Love it or loathe it, cryptocurrency has made its way into the mainstream. So for the crypto curious, what are the fundamentals worth knowing about?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Janine Grainger, founder and chief executive of cryptocurrency trading platform EasyCrypto, to chat about some of the basics of cryptocurrency.
- What is cryptocurrency?
- Are there different types of cryptocurrency?
- Why should Australians care about it?
- What are some of the potential benefits and risks of holding crypto?
- How can cryptocurrency be purchased and held?
- Is cryptocurrency regulated in Australia?
#friendswithmoney #tomwatson #janinegrainger #cryptocurrency
Episode Links: EasyCrypto - We make it easy
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Feeling the financial pinch? Your money can do more for you!
Maybe it's time to make your money work smarter.
This week on Friends With Money, Michelle Baltazar chats with financial adviser and author of Insufficient Funds James Millard.
Grow your wealth and learn the secrets to making your money work harder, not the other way around.
- The 4 Pillars of Financial Success
- Understanding Concessional vs. Non-Concessional Contributions
- Why a Financial Advisor Can Be Your Best Friend
#friendswithmoney #michellebaltazar #jamesmillard #financialadvice
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Building wealth through investing is a gradual process – one that naturally comes with its fair share of success and setbacks.
This week on the Friends With Money podcast, Money's Tom Watson talks with financial educator and author Natasha Etschmann (@tashinvests) about her investment journey and the insights she’s gained along the way.
- What made you want to get into investing?
- Why did you decide to write How To Not Work Forever?
- How do you find the money to invest?
- What’s your view on paying off a mortgage vs investing in shares?
- Are you a fan of dollar cost averaging or lump sum investing?
- What are the investing mistakes you often see people make?
#friendswithmoney #tomwatson #natashaetschmann #investing
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July 1st brings money-savings changes!
In this BONUS episode of the Friends With Money Podcast, Money's Vanessa Walker and Tom Watson break down the latest financial changes that could save you money.
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There's a lot of misinformation out there about building a property portfolio, and making the wrong decisions can seriously stall your investment journey.
This week on the Friends With Money podcast, Money's Michelle Baltazar cuts through the noise with Damian Collins, property expert and financial guru.
Together they help you:
- Debunk the median price myth
- Become a neighbourhood insider
- New vs Old: Make an informed choice
- Avoid emotional pitfalls
- Craft your dream portfolio
#friendswithmoney #michellebaltazar #damiancollins #property
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Should your investment portfolio have a home bias, an international focus or something in between?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Tony Sycamore, market analyst at IG Australia, to discuss local and international markets and asset allocation.
- How optimistic are traders about local and global markets?
- Which Australian and international stocks are investors trading?
- Is there any issue with having a home bias?
- What are the pros and cons of holding local or international equities?
- How do geopolitical events impact markets?
- How can first timers go about getting international exposure?
#friendswithmoney #tomwatson #tonysycamore #investing
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Can't afford to BUY a house on your own? Property pals might be your answer!
With the typical home loan repayment between $3000-$7000 PER MONTH, sharing the burden with your friends may be the key to home ownership.
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with Matt Bowen, head of consumer and market insights at ING, about this NEW option for purchasing property. IT COVERS
- The latest survey on home ownership
- What is a property pal?
- How do you start?
- How do you protect yourself if things go awry?
friendswithmoney #michellebaltazar #mattbowen #propertypals
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Forget confusing financial jargon and feeling lost in a sea of investment options!
Is a financial advisor the missing piece to your financial puzzle, or is that an unnecessary cost?
This week on the Friends With Money podcast, Money's Michelle Baltazar is joined by Financial Advisor Jeremy Lack from TelstraSuper as they debunk the myths about seeking simple solutions to financial planning.
Tune in to find out:
- The hidden benefits of financial advice (beyond just investments and taxes)
- The ideal times in life to seek professional guidance
- Top tips for keeping your financial plan on track
- What to expect when it comes to the cost of financial advice
friendswithmoney #michellebaltazar #jeremylack #financialadvice
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Disclaimer:
JJeremy Lack is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au
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Australians have $1.5 trillion stashed away in deposit accounts, but are we losing out by settling for subpar savings rates?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rachel Wastell, personal finance expert at Mozo, to chat about setting yourself up for savings success.
- Have banks passed on cash rate hikes to savers?
- What are the highest savings account rates around?
- Why are some savers reluctant to switch banks?
- How can you choose an account that suits your needs?
- How safe is money in the bank?
friendswithmoney #tomwatson #rachelwastell #savings
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Ready to build wealth but unsure how to begin? Investing in stocks is a great way to jumpstart your financial future.
Thanks to new online platforms and mobile apps, trading is more accessible than ever.
This week on the Friends With Money podcast, Money's Michelle Baltazar explores the world of stock investing with Craig Keary, CEO of SelfWealth.
They tackle common questions like:
- What does a typical investment portfolio look like?
- How much money do I need to start investing?
- What is a HIN (Holder Identification Number) and why is it important?
- What are the biggest misconceptions people have about investing?
friendswithmoney #michellebaltazar #craigkeary #investing
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Tax season is nearly upon us once again, so what are the tax changes you need to know about and the steps you can take to start to prepare?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by director of tax communications at H&R Block, Mark Chapman, to talk all things tax in the lead up to the 2024/25 financial year. They discuss:
- Stage three tax cuts and small business changes
- Property, crypto and other ATO focus areas
- Working from home deductions
- How to start getting prepared
- The last-minute deductions worth considering
friendswithmoney #tomwatson #markchapman #tax
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Did you know emotions can get in the way of how well you manage your money? Being aware of the money lessons you learned during childhood, and the feelings that come up around finances when you think or talk about them, can be a great first step towards taking control of your finances and creating real wealth.
This week on the Friends with Money podcast, Money’s Joanna Tovia is joined by financial advisor Dawn Thomas from The Wealth Designers to talk about how to improve your relationship with money.
- How do emotions get in the way of sound money management?
- Why are feelings of guilt, shame and apathy so common when it comes to money?
- Why it’s important to celebrate the things we’ve done right with our money
- What a healthy relationship with money looks like
- 5 tips to better manage your money
#friendswithmoney #psychology #wealth #family
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The 2024 Federal Budget is less than a week away, so what can we expect to see in the way of cost of living relief and other measures from the government?
That's the topic of discussion on this episode of the Friends With Money podcast featuring host Tom Watson and deputy chief economist at AMP, Diana Mousina.
- What is the economic backdrop to the 2024 federal budget?
- Is the government likely to provide further cost of living relief?
- Could any new housing affordability measures be included?
- Will there be any superannuation or tax changes?
friendswithmoney #tomwatson #dianamousina #federalbudget
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Since Covid restrictions eased, we have been traveling overseas more than ever.
But when budgets are tight, how can we save money and still have the holiday we've been dreaming of?
This week on the Friends With Money Podcast, Money's Michelle Baltazar chats with Tristan Dakin, ANZ Country Manager at Wise, about saving hundreds of dollars on travel costs.
- The real cost of cross-currency expenses
- Avoiding ATM fees
- Is pre-paying an option?
- Best way to pay when overseas
- Top tips to save when travelling
friendswithmoney #michellebaltazar #tristandakin #traveltips
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The end of the financial year is fast approaching, so is now the time to check in on your super and consider an extra contribution?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Renae Anderson, manager of select advice at UniSuper, to chat about the super moves worth considering before and after July 1. They discuss:
- When and how to make a personal contribution
- Whether it’s possible to top up a spouse or partner’s super
- The new super guarantee rate in 2024-25
- Advice for women looking to boost their super balances
- The range of advice available from super funds
friendswithmoney #tomwatson #renaeanderson #superannuation
This episode is brought to you by UniSuper.
Links:
For calculators: Superannuation calculators & tools | UniSuper
For upcoming webcasts: UniSuper Learning Hub (on24.com)
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The information in this podcast is of a general nature and doesn’t consider your personal circumstances. Before making decisions, you should consider whether the information is appropriate for your circumstances otherwise seek financial advice.
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Whether it’s purchasing a home or paying off credit card, we all have financial goals we want to achieve, but seeing them through is not always the easiest of tasks.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Mohamed Khalil, head of financial wellbeing, research and design at ANZ, to discuss the psychology behind goals and the steps we can take to set, progress and achieve them.
- How should people approach setting a goal?
- Why can utilising the Fresh Start Effect be helpful?
- Is it important for goals to have a specific end date?
- How can automation help people progress their financial goals?
- Is it important for goals to have a purpose?
friendswithmoney #tomwatson #mohamedkhalil #financialgoals
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Have you thought about how your super is invested? Taking the time to consider, and even adjust, your investment settings could impact your balance down the track.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Jeremy Lack from TelstraSuper Financial Planning to discuss picking an investment option in your superannuation.
- How do super funds invest?
- What investment options can members choose from?
- How can super holders get their investment mix right?
- What kind of impact can investment options have come retirement?
- Where can super members go for guidance?
#friendswithmoney #tomwatson #jeremylack #superannuation
This episode is brought to you by TelstraSuper.
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Disclaimer:
Jeremy Lack is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au
See omnystudio.com/listener for privacy information.
Interest rates have reached a peak. At least, that’s the consensus among many experts who expect rates to start to fall in the near future. So how can borrowers and savers prepare?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rachel Wastell, personal finance expert at financial comparison website Mozo, to discuss the possible timing and impact of any future rate cuts.
- What is the Reserve Bank saying?
- When are economists expecting rates to fall?
- Are banks already adjusting their rates in anticipation?
- Is there anything mortgage holders can do to prepare?
- What should savers consider doing now?
friendswithmoney #tomwatson #rachelwastell #interestrates
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Ever wondered if it’s possible to take out a loan to build your share portfolio? After all, investment loans are common place in property investing.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Lily Elliott, head of margin lending specialists Leveraged, to discuss the ins and outs of margin loans.
- How are margin loans different from other loans?
- What kind of equities can be purchased with a margin loan?
- How much can investors borrow, and what determines that?
- When and how do investors pay the loan back?
- What are the potential risks and benefits involved?
friendswithmoney #tomwatson #lilyelliott #investing #marginloans
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Home internet and mobile plans may have become part and parcel of everyday life, but that doesn’t mean you need to be paying over the odds to stay connected.
This week on the Friends With Money podcast, Money’s Tom Watson is joined by the managing editor of WhistleOut Australia, Alex Choros, to discuss getting a better deal on your broadband and mobile phone plans.
- Who are the different providers?
- How do mobile networks and the NBN work?
- What are the most important features when comparing plans?
- What are some of the cheapest mobile and internet deals around?
- Which providers are offering the best value plans?
- How can Australians stay connected while travelling overseas?
friendswithmoney #tomwatson #alexchoros #broadband #mobile
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When it comes to online shopping, we've quickly become experts at undermining our long-term financial goals.
Making better decisions that prevent us from going further into debt and increase our overall cashflow is the key to getting what we want.
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with financial educator, The Broke Generation podcast host, and author Emma Edwards about the 3 ways you can start to improve your spending habits.
- The importance of financial psychology
- Slow down your purchase decisions
- The good, bad, and ugly of buy-now-pay-later
- Stick to your budget, but you can have several
Link:
Go to moneymag.com.au for your chance to win one of Emma's new books
friendswithmoney #michellebaltazar #emmaedwards #goodwithmoney #thebrokegeneration
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Australians are set to pay less income tax from July this year, so what’s changed and who will benefit the most?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by the director of tax communications at H&R Block, Mark Chapman, to discuss the revamped stage three tax cuts.
- Why were the stage three tax cuts proposed in the first place?
- What did the original stage three cuts look like?
- What changes has the government made, and why?
- How much money can taxpayers expect to save?
- How quickly will people notice a difference in their pay?
friendswithmoney #tomwatson #markchapman #tax
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With prices soaring above a million dollars, breaking into the property market is a daunting quest.
If you're just starting out, Is there a way to own your own home, or is it mission impossible?
This week on the Friends With Money Podcast, Money's Michelle Baltazar chats with John Pidgeon, author of Sort Your Property Out & Build Your Future, about overcoming the challenges of the current market.
- Is there a perfect time to enter the market?
- How do you save for a deposit?
- What you can buy now vs your forever home
- Five tips to achieve your goals
friendswithmoney #michellebaltazar #johnpidgeon #propertyinvestment
Enter now for your chance to win one of the ten copies of John Pidgeon's Book
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Australian investors poured billions of dollars into exchange-traded funds during 2023, but which ETFs returned favour with the best performance?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Cameron Gleeson, senior investment strategist at Betashares, to chat about the performance of the ETF market in 2023 and look forward to the trends emerging in 2024.
- What’s driven the appetite for ETFs in the last decade?
- What made fixed-income ETFs so appealing last year?
- What are the most popular ETFs on the market?
- Which ETFs were the best performers in 2023?
- Are there any ETF trends worth keeping an eye on in 2024?
friendswithmoney #tomwatson #camerongleeson #investing
Read more about the 2023 Australian ETF review from Betashares.
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Retirees will naturally want to make the most of their super come retirement, so what kind of income strategies can they employ to ensure their nest egg lasts the distance?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by Caroline Rees of TelstraSuper Financial Planning to chat retirement income strategies.
- How should retirees think about longevity?
- Is expenditure likely to change throughout retirement?
- What kind of retirement income strategies can people employ?
- How can retirees deal with volatility?
friendswithmoney #tomwatson #carolinereese #superannuation
This episode is brought to you by TelstraSuper.
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Caroline Rees is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au .
See omnystudio.com/listener for privacy information.
Higher than expected price growth surprised many experts last year, but how will the property market perform in 2024?
This week on Friends With Money, host Tom Watson is joined by Terry Ryder, managing director of Hotspotting, to dig into the standout property locations around the country for 2024.
- How did property markets perform in 2023?
- What will drive property prices in 2024?
- What are the standout locations for growth?
- Will property prices fall anywhere?
friendswithmoney #tomwatson #terryryder #property
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2024 is heating up to be a great year to invest in the stock market!
What are the hot stocks you should be paying attention to?
This week on the Friends With Money Podcast, Money's Michelle Baltazar chats with Jess Amir, MooMoo's Market Strategist, about her top tips on what to watch out for in 2024.
- Simple ways to start investing
- Ways to educate yourself on the stock market
- Megatrends for 2024
friendswithmoney #michellebaltazar #jessamir #moomoo
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What type of investor are you? To get the best return on investment, you need to know!
This week on the Friends With Money podcast, by popular demand, Money's Michelle Baltazar chats with Money's investment guru, podcaster, and author, Marcus Padley, about defining investor types by colour.
- What colour are you?
- Beware the red zone
- True blue is probably you
friendswithmoney #colour #invest #michellebaltazar #marcuspadley
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If you want to know how to make and invest lots of money, one of the best ways is to learn from someone who built their fortune and became a billionaire.
In this special edition of the Friends With Money Podcast, Money's Michelle Baltazar chats with Ken Fisher, the billionaire founder and executive chair of Fisher Investments, about the best way to build your financial future.
• What's the best way to start investing?
• Think globally
• Will there be a recession?
@FisherInvestAU
@KennethLFisher
friendswithmoney #billionaire #advice #michellebaltazar #kenfisher
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According to the World Economic Forum, cybercrime is the fifth most pressing concern for the global economy.
Governments worldwide are spending hundreds of millions to combat lone-wolf hackers and nation-states.
Sounds like an investment opportunity, right?
This week on the Friends With Money Podcast, Money's Michelle Baltazar speaks with Jess Leung, portfolio manager at Global X ETFs, about how you can invest in the cybersecurity sector.
- What is cybersecurity?
- Hacking and scams are on the rise!
- Is this a fad or a growth stock?
friendswithmoney #cybercrime #invest #michellebaltazar #jessleung
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Happy New Year!
What will you do in 2024 to improve your financial health?
This week on the Friends with Money podcast, Money's Michelle Baltazar chats with author and Comm Bank personal finance expert Jess Irvine about ideas you can implement to improve your finances.
- Quick wins!
- Resolutions for the year
- Ideas that never really work
friendswithmoney #2024 #resolutions #michellebaltazar #jessirvine
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Aussie banks are increasingly rolling out personalised carbon insights to their app users. But what are carbon footprints, and do they matter?
This week on Friends With Money, host Tom Watson is joined by Rachel Alembakis, Managing Editor of FS Sustainability, to chat all things carbon footprints.
- What is a carbon footprint?
- Do carbon footprints even matter at an individual level?
- How can we reduce our carbon footprints?
- Can our superannuation choices impact our footprints?
friendswithmoney #carbonfootprints #tomwatson #rachelalembakis
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2023 has been a bit of a mediocre year for the Australian market, but could 2024 prove brighter?
This week on the Friends With Money podcast, host Tom Watson is joined by chief investment analyst at Wealth Within, Dale Gillham, to chat about the Australian stocks that could shine bright next year. They discuss:
- How the Australian market has performed in 2023
- Why 2024 could be a better year
- The blue chip stocks to keep an eye on
- A smaller company worth watching
friendswithmoney #tomwatson #dalegillham #investing
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Back by popular request! You wanted to know more about Bonds and how to unlock the profit of fixed-income assets - and we deliver!
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with Alex Moffatt, Director at Joseph Palmer & Sons, about the benefits and profit of adding Bonds to your portfolio.
- Back to basics
- Bonds are back in the black
- Is there an easy way to invest in bonds?
friendswithmoney #fixedincome #michellebaltazar #bonds
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Did you know many Australians get their investment advice from social media finfluencers? It's a frightening fact.
A recent ASIC (Australian Securities & Investment Commission) conference determined that most of those giving financial advice online are both unqualified and unlicensed.
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with Rhys Bollen, Senior executive leader of ASIC’s market supervision team, about the potential dangers of getting investment advice from social media.
- What is ASIC?
- What influence does social media have on investors?
- How can you protect yourself?
Links:
Moneysmart.com.au
ASIC Website
friendswithmoney #finfluencer #warning #michellebaltazar #rhysbollen
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It may seem like a long time off, but are you ready for retirement?
Planning for the future now will save you a lot of stress and frustration when you finally decided to leave the workforce.
This week on The Friends With Money podcast, Money's Michelle Baltazar chats with Money's Senior writer & columnist, Vita Palestrant, about what you need to consider well before your last day on the job.
- When should you start planning for retirement?
- Steps to take 10 years before you retire
- Can downsizing help top up your super?
- What kind of retirement do you want?
friendswithmoney #retirement #michellebaltazar #vitapalestrant
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It’s often described as the safe-haven asset, but what makes gold so desirable to everyone from central banks to everyday investors?
On this episode of the Friends With Money podcast, Money's Tom Watson is joined by chief market strategist at the World Gold Council, Joe Cavatoni, to dig into some of the big questions surrounding investing in gold.
- What are the major drivers of demand for gold?
- Why do central banks hold gold?
- How has gold performed in times of economic uncertainty?
- What could happen to gold prices if interest rates fall?
- How can an allocation of gold benefit someone’s portfolio?
friendswithmoney #investing #gold #tomwatson #joecavatoni
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Gearing up to buy your first home? Chances are you’ve got a question or two about the process of taking out a mortgage.
On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Daisy Stevens, head of lending operations at digital mortgage broker Finspo, to run through the home loan process for first home owners.
- Is reducing spending or paying off debt important?
- How long can the process take?
- What information will borrowers need to provide?
- How do banks work out how much someone can borrow?
- What is pre-approval and how long does it last?
friendswithmoney #mortgages #firsthomebuyers #tomwatson #daisystevens
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Open banking is giving Australians the ability to share their banking data more securely and with fewer hurdles, but can it save people money?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by head of product management at Frollo, Kris Davant, to explore the possibilities of open banking.
- What is open banking?
- How is open banking data kept private and secure?
- How can Australians save money through open banking?
- What will we see from open finance in the future?
friendswithmoney #openbanking #tomwatson #krisdavant
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Global tensions in the Middle East have raised concerns that oil costs could spike, possibly doubling in price in the coming months.
How will this affect the cost of living?
This week on a bonus episode of the Friends With Money podcast, Money's Michelle Baltazar chats with Shane Oliver, Head of Investment Strategy and Chief Economist at AMP, about the predicted rise in oil prices as the Israel-Hamas conflict intensifies.
friendswithmoney #costofliving #oil #shaneoliver #michellebaltazar
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Wondering if your investment strategy should be geared towards income, growth or both?
On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Adam Smith, chief executive at Saxo Australia, to discuss the pros and cons of growth and dividend stocks.
- What are growth and dividend stocks?
- Is it possible to have the best of both worlds?
- Does one come with more risk than the other?
- Can ETFs provide exposure to high growth or dividends?
friendswithmoney #investing #tomwatson #adamsmith
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How much money do you need to retire? It's a question we get a lot here at Money Magazine - I mean a lot!
The latest numbers are out from The Association of Superannuation Funds of Australia (ASFA) on how much you need in your super account to retire well.
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Virgin Money Super's general manager, Christopher Sozou, about the facts and figures of retirement.
- Contributions vs earnings
- Is super a good investment nest egg?
- What's the magic number needed to retire?
- What if I don't own a home?
- Accumulation vs pension phase
- Where to get advice?
Links:
- virginmoney.com.au
- superannuation.asn.au
Our thanks to Virgin Money Super* for sponsoring this podcast
**Figures quoted in the podcast are updated frequently on the ASFA website
friendswithmoney #supernumbers #michellebaltazar #virginmoneysuper #virginmoneyau
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There are a lot of myths and preconceptions when it comes to retirement.
Regardless of age, you can put into action a plan today that will help you achieve your goals and live an epic life.
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Author, Rebecca Wilson, about living your best life and future retirement.
- Retirement is just for old people, right?
- Money for nothing (for not much effort)
- "C" is for...?
- Plan and prepare
Book giveaway (limited copies): https://www.moneymag.com.au/win/how-to-have-an-epic-retirement-book-bec-wilson
Question: Tell us your favourite tip that Bec Wilson shared on the Friends With Money podcast?
friendswithmoney #retirement #michellebaltazar #becwilson
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Is it worth paying for financial planning, or can you do it on your own?
A Financial Adviser can be quite costly, and do you get value for your investment?
This week on the Friends With Money Podcast, Money's Michelle Baltazar chats with David Sharpe, Financial Adviser and the Chair of the FAAA, about the myths and benefits of getting help planning for your future.
- Does financial planning lack objectivity?
- Is it worth it?
- Is planning just for retirement?
friendswithmoney #financialplanning #michellebaltazar #adviser
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In this special bonus episode of the Friends With Money podcast, Money's Michelle Baltazar chats with Alex Moffatt, Director at Joseph Palmer & Sons, about the adverse effects of the war in the Middle East on the stock market.
friendswithmoney #warvsthestockmarket #michellebaltazar #bonus
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Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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Should you be investing in the U.S. stock market?
This week on the Friends with Money podcast, Money's Michelle Baltazar chats with Tim Townsend, Professional Financial Advisor and a founding partner of Townsend Cobain, about the value of diversifying your portfolio by investing in the U.S. market.
- Why invest in U.S. shares?
- What should I be looking for?
- Are ETFs a good investment?
friendswithmoney #investing #michellebaltazar #usstocks
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Website: https://moneymag.com.au
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Today, it's relatively easy to start investing in stocks (you can even use a free app!), but roughly 49% of Australians have decided not to.
Many have concerns about owning shares and are fearful they will lose everything or that they are not qualified to invest.
This week on the Friends With Money Podcast, Money's Michelle Baltazar chats with Brendan Doggett, the Country Manager at Sharesies Australia, and together they bust the myths of investing.
- The risk of investing
- Is it difficult to buy shares?
- Do I need to take a course first?
friendswithmoney #myths #michellebaltazar #brendandoggett
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After a woeful 2022 bonds appear to be making a comeback with investors. But how do they work, and what role do they have in a portfolio?
This week on the Friends With Money podcast, Money’s Tom Watson is joined by chief executive of micro-investing app Blossom, Gaby Rosenberg, to drill into the fundamentals of fixed income and bonds.
- What do we mean by fixed income?
- What factors influence the price of bonds?
- How have bonds performed in the short and long-term?
- What role can fixed income play for investors?
- How can investors purchase bonds?
friendswithmoney #fixedincome #bonds #tomwatson #gabyrosenberg
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Spring is one of the busiest times of the year for property sales, but is this spring likely to be a sellers’ or buyers’ market?
This week on the Friends With Money podcast, senior journalist Tom Watson is joined by Domains’ chief of research and economics, Nicola Powell, to preview the spring property season.
- What’s happened in the property market so far in 2023?
- Will sellers hold the upper hand this spring?
- Can buyers expect an uptick in supply?
- Where will property prices head in the near future?
friendswithmoney #property #tomwatson #nicolapowell
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Voluntary contributions can have a significant impact on your super balance over time, but how much can you add and how can you make it happen?
This week on the Friends With Money podcast, host Tom Watson is joined by head of advice, experience and enhancements at Aware Super, Peter Hogg, to talk about the small actions that can make a big difference to your super. They discuss:
- When you can access your super
- Consolidating accounts and other basics
- Crunching the numbers on voluntary contributions
- Salary sacrificing and post-tax contributions
- Contribution caps
friendswithmoney #superannuation #tomwatson #peterhogg
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The cost of living is continuing to put a strain on the finances of many Australians, but how is it impacting our credit health?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by credit reporting expert at CreditSmart, Geri Cremin, to discuss the importance of credit health during the cost of living crunch.
- How are Australians dealing with elevated living costs?
- When should mortgage holders reach out for support?
- What are the consequences of not seeking help?
- How and when should people check their credit reports?
friendswithmoney #credithealth #tomwatson #gericremin
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As the population grows, more Australians are living in strata-titled properties like units and townhouses than ever before. But what do buyers need to know about strata before purchasing?
This week on the Friends With Money podcast, Money’s senior journalist Tom Watson is joined by strata lawyer Amanda Farmer to delve into the ins and outs out strata. They discuss:
- What is the strata ownership model?
- What kind of costs can buyers expect?
- How should renovations be approached?
- Can litigation really happen?
- How can buyers best prepare themselves?
friendswithmoney #property #strata #tomwatson #amandafarmer
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The doubling of mortgage interest rates have forced some homeowners to sell their property at a loss. How do you bounce back from that?
This week on The Friends with Money podcast, Money's Michelle Baltazar chats with financial adviser Troy Theobald from RFS Advice about how to fight your way out of an investment loss.
- The courage to confront reality
- Why cashflow should be the priority
- You don't need to budget, but..
friendswithmoney #michellebaltazar #troytheoblad #investments
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Over two million Australians are property investors, but they don’t always get their purchases right. So how can investors avoid mistakes, and set themselves up for success?
This week on the Friends With Money podcast, Money's Tom Watson is joined by buyer’s agent and co-director of The Investors Agency, Darren Venter, to talk about the strategies investors should employ when buying property. They discuss:
- Getting the initial research right
- Diversification and searching outside of your bubble
- Interstate purchases
- The importance of net returns
- Structuring your finance
friendswithmoney #tomwatson #darrenventer #property
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The popularity of exchange traded funds (ETFs) has surged in the past decade, but how much have they actually delivered for investors?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by founder and chief executive of Stockspot, Chris Brycki, to chat about the past, present and future of ETFs.
- Why have ETFs become so popular?
- What kind of returns have ETFs delivered?
- Are you seeing any trends among ETF investors at present?
- Is ETF overlap something investors need to be wary of?
- Where do you see the ETF sector heading in the future?
friendswithmoney #investing #tomwatson #chrisbrycki
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Facing the prospect of a substantial rate hike? That’s the reality for many mortgage holders who locked in a super-low rate in 2020 or 2021, but it’s never too early to take action.
This week on the Friends With Money podcast, Money's Tom Watson is joined by Josh Brougham, chief product officer at online mortgage broker Finspo, to discuss the fixed-rate mortgage cliff and the action borrowers can take.
- What is the fixed mortgage cliff?
- What can borrowers do, and when should they act?
- How much can people save by avoiding a revert rate?
- Is locking in another fixed rate worth considering?
- Which lenders are offering the most competitive loans?
friendswithmoney #tomwatson #joshbrougham #mortgages
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Over 800 people retire daily in Australia, and that number is expected to balloon over the next decade.
While most will leave the workforce with a "sweet spot" super amount and a government pension, many want to retire rich - 99 thousand dollars a year rich!
This week on the Friends with Money podcast, Money's Michelle Baltazar chats with the Vanguard's head of super, Shannon Nutter, about the strategies needed to retire wealthy.
- It's a generational difference
- Paternity breaks can have a major impact
- How do you generate a large income for retirement?
- It's all about confidence
friendswithmoney #mihcellebaltazar #shannonnutter #retire
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Website: https://moneymag.com.au
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Stop stressing about money! Or is that easier said than done?
This week on the Friends with Money podcast, Money's editor-in-chief, Michelle Baltazar, chats with author, chartered tax advisor, company board member, and veteran business executive, Jacqui Clarke, about how to get control of your money and thrive.
- Income vs expense creep?
- There's no such thing as free money
- What's the first step?
- Top 5 tips on how to build wealth
friendswithmoney #jacquiclarke #michellebaltazar #expensecreep
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How has the share market performed so far in 2023, and what’s the outlook for the rest of the year? That’s the topic of discussion on this bonus episode of the Friends With Money podcast featuring Money’s Tom Watson and chief investment officer at Tiger Brokers Australia, Brett Reynolds.
- How have Australian and international markets performed?
- Have any companies or sectors stood out?
- Which stocks are investors trading the most?
- What major factors will influence markets going forward?
friendswithmoney #tomwatson #brettreynolds #investing
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When all is said and done, sometimes the simple investing lessons like dollar-cost averaging can be the most valuable.
This week on the Friends With Money podcast, Money's Tom Watson chats with the hosts of the Equity Mates Investing Podcast, Alec Renehan and Bryce Leske, about their investing and podcasting journey, and what they’ve learned along the way.
- How did Equity Mates begin?
- Which investing topic has really stuck with you?
- What are your thoughts on the broader economic outlook for 2023?
- What’s an investing tip you’ve adopted yourself, or wish you’d started sooner?
friendswithmoney #tomwatson #alecrenehan #bryceleske #equitymates
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Working smarter, not harder is the key to wealth and happiness.
This week on the Friends with Money podcast, Money's Michelle Baltazar chats with author, podcaster, innovation psychologist and founder of Australia's leading innovation consultancy Inventium, Dr. Amantha Imber, about how you can work better, live smarter, and be happy.
- Why unpack the way you work?
- Are you creating something with value?
- What's a ...chronotype?
- Quiet quitting??
How I Work Podcast
friendswithmoney #michellebaltazar #amanthaimber #workbetter
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Website: https://moneymag.com.au
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Scammers fleeced a record $3 billion dollars from Australians last year.
Highly-sophisticated and brazen scammers are out to steal your hard-earned cash, and many victims have been left penniless.
This week on the Friends with Money podcast, Money's Michelle Baltazar speaks with Catriona Lowe, Deputy Commissioner of the ACCC, about the worrying rise of online scams and how you can protect yourself.
- What are the top current scams?
- What should you watch out for?
- What to do if you are scammed
- Can you get your money back?
Scamwatch
friendswithmoney #catrionalowe #michellebaltazar #scams #accc
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Gold has enjoyed a recent resurgence on the back of high inflation, so should it have a home in your portfolio? On this week’s episode of the Friends With Money podcast, Money journalist Tom Watson is joined by market analyst at Bell Direct, Grady Wulff, to talk all things gold.
- What draws people to gold as an investment?
- How has the price of gold fared recently?
- How can investors buy into gold?
- Is holding physical gold an option?
- What are the downsides to investing in gold?
friendswithmoney #tomwatson #gradywulff #gold
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Website: https://moneymag.com.au
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There’s a magic number in superannuation that allows retirees to make the most of their own money and the Age Pension. It’s called the super sweet spot. This week on the Friends With Money podcast, Money's Tom Watson is joined by journalist Susan Hely to discuss how the sweet spot works.
- Why should pre-retirees and retires know about it?
- What is the sweet spot for singles and couples?
- How does the taper trap work?
- What are the benefits of the aged pension?
- Is it still worth having a larger super balance?
friendswithmoney #tomwatson #susanhely #superannuation
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Ready to build your own investment portfolio but don’t know where to start?
On this week’s episode of Friends With Money, host Tom Watson is joined by Syfe Australia’s general manager, Tim Wallace, to dive into the fundamentals of building a portfolio of shares, ETFs and other assets in 2023.
friendswithmoney #tomwatson #timwallace #investing
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We're celebrating our 100th episode today by chatting with the man who started it all!
This week on the Friends with Money podcast, editor-in-chief Michelle Baltazar chats with Money's founder and editorial adviser Paul Clitheroe about his top 5 tips to achieve financial freedom.
In this episode, we discuss:
- The trouble with money
- It starts with a dollar
- Where do you put your cash?
- It's all about control
Link: Can I retire now?
friendswithmoney #michellebaltazar #paulclitheroe #moneysecrets
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Website: https://moneymag.com.au
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Investing in commercial property can be more lucrative than residential, but you need to do your homework. Diving headfirst into this asset class, without knowing what you are getting into, can lead to big losses.
This week on the Friends with Money podcast, Money's editor-in-chief Michelle Baltazar chats with the Managing Director of Rethink Investing, Scott O'Neill, about what you need to know to end up in a positive cash flow.
- Why not invest in residential?
- Is commercial property really that lucrative?
- Where do you start?
- Getting the fundamentals right
Rethink Investing
friendswithmoney #michellebaltazar #scottoneill #commercialinvesting
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In this bonus episode of the Friends with Money podcast, Money's Michelle Baltazar and Tom Watson discuss some of the highlights of this year's Federal Budget.
friendswithmoney #tomwatson #michellebaltazar #budget2023
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With tax time fast approaching, a little preparation could literally pay off. This week on the Friends With Money podcast, Money’s Tom Watson is joined by H&R Block’s Mark Chapman to talk all things tax in the lead up to the end of the 2022-23 financial year.
- Are there any new tax rules in place?
- Who will the ATO be targeting this year?
- Can Australians still claim working from home expenses?
- Where’s the line between a personal and business expense?
- What should people be doing now to prepare?
friendswithmoney #tomwatson #markchapman #tax
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With the 2023 Federal Budget drawing near, what are the economic pressures facing the country and what can we expect to see when the budget is handed down on May 9?
That's the topic of discussion in this episode of the Friends With Money podcast featuring host Tom Watson and HSBC’s chief economist for Australia and New Zealand, Paul Bloxham.
- What are the economic issues providing the backdrop to the budget?
- Will there be any cost of living relief for households?
- Can we expect any changes in the superannuation or tax space?
- What else might we see in the budget?
friendswithmoney #tomwatson #paulbloxham #budget2023
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When it comes to investing, should our values dictate where our money goes, or should they be left at the door? This week on the Friends With Money podcast host Tom Watson is joined by Rachel Alembakis, Managing Editor of FS Sustainability, to discuss the ins and outs of sustainable investing.
What is values-based investing?
Do you have to sacrifice performance to invest sustainably?
Is diversification an issue?
Why do we need to be careful of greenwashing?
For more information on responsible investing and finding a product or advisor to match your values you can visit: https://responsibleinvestment.org/
friendswithmoney #tomwatson #rachelalembakis #investing
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After years of meager returns, rising interest rates have injected life back into savings accounts and term deposits. But how can savers get the best return on their cash?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Alison Banney, Money Expert at Finder, to discuss the current savings landscape and the most competitive rates on the market.
- Which banks are offering the highest savings account rates?
- What about term deposit rates?
- Why did the ACCC launch an inquiry into deposit rates?
- What are the different types of savings accounts out there?
- How can you get the most out of your account?
friendswithmoney #savings #tomwatson #alisonbanney
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Investors have flocked to exchange-traded funds (ETFs) in recent years, but should they have a place in your portfolio? On this week’s episode of the Friends With Money podcast, host Tom Watson is joined by Matt Leibowitz, chief executive of trading platform Stake, to talk all things ETFs.
- What are ETFs and how do they work?
- How do fees vary between ETFs?
- What are thematic ETFs?
- Do they provide dividends?
- Can investors buy ETFs on international exchanges?
- What are the downsides to investing in ETFs?
friendswithmoney #tomwatson #mattleibowitz #etfs
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Website: https://moneymag.com.au
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While inflation may be easing, the reality is that prices on all manner of goods and services are still rising rapidly. But are there opportunities for households to push back? That’s the topic of discussion on this week’s episode of the Friends With Money podcast with Money’s Tom Watson and financial advisor and author, Helen Baker.
- Why is life still getting more expensive?
- Do we need to adjust our financial mindset?
- How can we push back against price rises and save?
- When is spending the best option?
friendswithmoney #tomwatson #helenbaker #costofliving
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Website: https://moneymag.com.au
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Want to start your own business in 2023, but not sure where to begin?
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Paul Presland, GM of Small Business at ANZ, about how to start your own business.
- Tips on writing your business plan
- Why ‘C’ is for cashflow
- How to get financing
- How much capital do you need?
- The importance of cybersecurity
friendswithmoney #paulpresland #business #entrepreneur
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Website: https://moneymag.com.au
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Stamp duty may soon be a thing of the past.
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Stephen Timm, Managing Director of Home-In, about the upcoming stamp duty reforms and the potential benefits for first-time home buyers.
- What are the changes?
- Why is a land tax a better approach?
- What is the impact on housing prices?
- Are there any other options to help first-time home buyers?
friendswithmoney #stampduty #landtax #stephentimm
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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As the cost of living crisis continues to bite, more Australians are finding themselves in financial difficulty. But where can anyone who’s struggling turn for advice?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Deb Shroot, a financial counsellor at Financial Counselling Australia, to run through exactly how financial counsellors can help.
- What are the major financial concerns at present?
- What support can financial counsellors provide?
- How are counsellors different from advisors?
- How can people avoid getting into financial difficulty?
For more information, or to find a financial counsellor and access support you can visit the National Debt Helpline website (https://www.financialcounsellingaustralia.org.au/) or call the National Debt Helpline (1800 007 007).
friendswithmoney #tomwatson #debshroot #financialcounselling
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Paperwork can be tedious, but when it comes to organising your taxes, super, will, and health records, it's time well spent.
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Mia Northrop, co-author of the book "Life Admin Hacks", about the best approach to tackling life's important documents.
- Why bother getting your affairs in order?
- Taxes, what's the best approach?
- Is it a good idea to shop around for a better super?
- Wills, do I really need one?
friendswithmoney #lifeadminhacks #mianorthrop
Links: Life Admin Hacks
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Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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What kind of impact can the make-up of the teams behind your superannuation and managed investments have on the returns you get? That’s the question at the heart of this week’s episode of the Friends With Money podcast with host Tom Watson and Money contributor Nicola Field. They discuss:
- Diversity and diversification in the investment space
- Risk appetite among male and female investors
- The impact on performance and returns
- A shift to greater transparency
friendswithmoney #investing #tomwatson #nicolafield
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Website: https://moneymag.com.au
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Thinking about investing in Australian shares for the first time, or adding to your existing portfolio? This week on the Friends With Money podcast, Money's Tom Watson is joined by Rob Tucker, Managing Director and Portfolio Manager at Chester Asset Management, for a deep dive into the past performance and future prospects of Australian shares. They discuss:
- How Australian shares have typically fared as an investment
- The risks involved compared to other asset classes
- How Australian shares could perform in 2023 and the years ahead
- Sectors that could shine in the near future
friendswithmoney #shares #robtucker #tomwatson
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Website: https://moneymag.com.au
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With property prices falling and interest rates rising, what's a first-time property buyer to do?
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Daisy Stevens, Head of lending operations at Finspo, about the top 5 things you can do to get into the property market.
- Where do you start?
- Who should you talk to?
- What are your options?
- Build the team
friendswithmoney #daisystevens #property
Links: Finspo
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Website: https://moneymag.com.au
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investing in shares is easier than you think!
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Brooke Roberts, Director and co-founder of Sharesies, about how you can start trading right now with minimal investment and an app on your phone.
- What investment strategy should you choose?
- How do you overcome analysis paralysis?
- Top tips to start investing
friendswithmoney #invest #brookeroberts
Link: Sharesies
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Website: https://moneymag.com.au
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Is 2023 the year you take the plunge and buy an investment property? On this episode of Friends With Money, Money’s Senior Journalist Tom Watson is joined by Arjun Paliwal, the Director and Head of Research at buyers agency InvestorKit, to take a look at the areas around Australia offering the most potential for would-be investors. They discuss:
- How the property market fared in 2022
- The factors likely to shape the market in 2023
- Queensland as an investment hotspsot
- Other hotspots around the country
- The importance of adopting a long-term mindset
friendswithmoney #tomwatson #arjunpaliwal #property
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Website: https://moneymag.com.au
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Taken a break from your finances over the new year? It’s easily done, but if you’re ready to re-engage then there a plenty of ways to whip your finances back into shape. That’s the focus on this episode of Friends With Money featuring Senior Journalist Tom Watson and Money Expert at Mozo, Claire Frawley. The discuss:
- The benefits of refinancing your home loan
- Making the most of a credit card balance transfer
- The surprise savings available by reviewing your NBN plan
- Choosing between a base or bonus rate savings account
friendswithmoney #tomwatson #clairefrawley #switching
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Website: https://moneymag.com.au
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Getting your house in order can help you save money and bring harmony into your life.
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Mia Northrop, co-author of the book "Life Admin Hacks", about how organising your household can not only save time and money but also give you peace of mind.
- Why does decluttering save you money?
- What benefits are there in planning meals ahead of time?
- Can you outsource cost-effectively?
friendswithmoney #lifeadminhacks #mianorthrop
Links: Life Admin Hacks
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Website: https://moneymag.com.au
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Did you know that by simply renovating you can help save the planet?
This week on the Friends with Money podcast, Money's Editor-in-Chief, Michelle Baltazar, speaks with Virginia Martin Heriz, about how building renovations can cut greenhouse emissions and make you money.
- How do we think about climate change?
- The European Green Deal
- An investment opportunity?
- The renovation rate
friendswithmoney #michellebaltazar #renovate
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Website: https://moneymag.com.au
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This week on the Friends with Money Podcast, Money's Editor-in-Chief, Michelle Baltazar, speaks with Capital Advisory's Director of Financial Planning, Michael Miller, and Parker Coles Curtis' Director of Family Law, Catherine Coles, about the financial implications of dating after you retire.
In this episode, we explore:
- Dating after 50 and the financial considerations
- What about inheritance?
- Planning ahead is key - How much does it cost?
- Transparency is important
friendswithmoney #michellebaltazar #retirement
Subscribe:
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Sometimes renovating isn't enough and you need to start from scratch.
Done wrong, rebuilding can be very costly and take longer than expected - so what's the best way to begin?
This week on the Friends with Money podcast, Money's Michelle Baltazar speaks with Tracie Ellis, the founder and CEO of Renovators Directory, about the steps you need to take to get things done right.
They discuss:
- Who should be part of your A-team
- How to avoid a dodgy builder
- Is the cheapest quote the best way to go?
- What tradies don’t like to do
- How a professional interior designer can save you $$$
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Spending a few minutes of your time researching online can save hundreds of dollars a year on your telecom bills.
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Alex Choros, Managing Editor at Whistle Out, about the best way to save on your mobile and internet expenses.
- How to get the best mobile deal
- What's the best internet offer?
- What's the best time of year to get a great deal?
- What about streaming services?
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Website: https://moneymag.com.au
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We’ve almost reached the end of another rollercoaster year, but before jumping into 2023, it’s time to take stock of 2022. In this special episode of Friends With Money, Editor-in-Chief Michelle Baltazar catches up with Senior Journalist Tom Watson to unpack the stories which really struck a chord with Money readers (and listeners) during the year, and to talk about the lessons that can be taken from 2022. They discuss:
- Retiring early
- Scams, scams and more scams
- The ins and outs of capital gains tax
- Investor appetite for shares and property
- Avoiding dud super funds
- Electric vehicle incentives
#friendswithmoney #retiring #super #michellebaltazar #tomwatson
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- Website: https://moneymag.com.au
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Getting the most out of your super is easier than you think.
The secret? Show your super account some love!
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Anne Fuchs, Head of advice at Australian Retirement Trust, about the top 4 things you can do to maximise & energise your superannuation.
- Where is the best place to seek financial advice?
- The power of compounding interest
- Top tips to supercharge your super
friendswithmoney #super #annefuchs
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Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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Ready for summer but not for the higher energy bills that come with it? This week on the Friends With Money podcast, Money’s Tom Watson is joined by author and host of The Joyful Frugalista podcast, Serina Bird, to run through a range of ways that households can cut down their power costs. They discuss:
- Why are energy prices so high and how will they fare in 2023?
- What can households do in the short-term to reduce their summer bills?
- What are the long-term changes households can make?
- Can switching providers help trim your bill?
friendswithmoney #tomwatson #serinabird #energybills
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Website: https://moneymag.com.au
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Did you know that being organised can help cut down your household costs, but also make you money?
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Mia Northrop, co-author of the book "Life Admin Hacks", about how controlling the chaos in your life can lead to harmony, savings, and financial freedom.
- How do you define life admin and why is it important?
- What are the cost benefits of being organised?
- Are there tools to help you with life admin?
friendswithmoney #lifeadminhacks #mianorthrop
Links: Life Admin Hacks
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Website: https://moneymag.com.au
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Learning how to interpret data properly can help make you wealthy!
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Dr Selena Fisk, author and data scientist, about how data & stats can help you better invest and achieve your financial objectives.
In this episode we discuss:
- The challenge of using & understanding data
- The different types of data users
- How can we get better with numbers?
- What is confirmation bias?
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Website: https://moneymag.com.au
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When can you retire and how much super will you need to live comfortably?
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Jeremy Lack, Financial Advisor at TelstraSuper, about retirement, Super, and the age pension.
In this episode, we talk about:
- What is the retirement age?
- How much Super do you need to retire?
- Who can access the age pension?
- How to make the most of your Super
Links:
The Association of Superannuation Funds of Australia (ASFA)
TelstraSuper
Australian Age Pension
friendswithmoney #telstrasuper #jeremylack
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Jeremy Lack is a financial adviser with TelstraSuper Financial Planning ABN 74 097 777 725 and AFS Licence No. 218705. TelstraSuper Financial Planning provides the financial advice service to members of TelstraSuper.
Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person. Before you buy any TelstraSuper financial product, you should read the product disclosure statement and the target market determination available on the Fund's website and consult a licensed financial adviser.
See omnystudio.com/listener for privacy information.
It can be easy to simply sit back and let your superannuation accumulate in the background, but even a few small actions and a bit of extra know-how can make all the difference to your balance come retirement.
This week on the Friends With Money podcast, host Tom Watson speaks with Money's Senior Journalist, Vita Palestrant, about the practical steps Australians from their 20s to their 60s and beyond can take to make the most of their super. They discuss:
- Why super matters
- The First Home Super Saver scheme
- Extra contributions
- Super splitting
- The accumulation and pension phases
friendswithmoney #tomwatson #vitapalestrant #superannuation
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While millions of Australians have started investing for the first time in recent years, getting to grips with the strategies and terminology involved isn’t always easy. On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Pearler Co-Founder Nick Nicolaides to break down some of the basic concepts of investing and talk about simplifying life as an investor.
- Why have so many people started investing?
- What are ETFs, and how to they differ from shares?
- How does automatic investing work?
- What is dollar-cost averaging all about?
- Should new investors worry about dividends?
friendswithmoney #tomwatson # nicknicolaides #investing
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The second Federal Budget of 2022 is nearly upon us, but with inflation still climbing and economic uncertainty abounding, what can we expect when Treasurer Jim Chalmers delivers his first budget on October 25? That’s the topic of discussion between host Tom Watson and AMP’s Chief Economist, Dr Shane Oliver, on this week’s episode of the Friends With Money podcast.
- How is the economic landscape looking right now?
- What are we likely to see in the budget?
- Will there be any cost of living support measures?
- What’s happening with the Stage 3 tax cuts?
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Australians have well and truly indulged in their fair share of online shopping over the pandemic period, but what draws us to spend and why does it make us feel good? On this week’s episode of Friends With Money, Money’s Tom Watson is joined by financial therapist Jane Monica-Jones to discuss all things retail therapy. They explore:
- How long has retail therapy been around?
- What makes us want to indulge in it?
- Do you get a bigger rush if you spend more?
- Where is the line between spending as a necessity, and it becoming an addiction?
- What can people do to combat compulsive sending?
If you’re struggling with debt, call the National Debt Helpline on 1800 007 007 to speak to a financial counsellor for free.
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Website: https://moneymag.com.au
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What kind of role does emotional intelligence play in our ability to make clear and beneficial financial decisions? That’s the question at the heart of this week’s episode of the Friends With Money podcast featuring Money’s Tom Watson and behavioural economist and psychologist, Phil Slade. They discuss:
- What is emotional intelligence?
- Can it help us make better financial decisions?
- Are people with higher emotional intelligence better with money?
- Why does delaying gratification matter?
- How can we improve our emotional intelligence?
friendswithmoney #tomwatson #philslade #emotionalintelligence
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Website: https://moneymag.com.au
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Love where you live, but can’t afford to buy there? It’s a conundrum for plenty of Australians, especially in desirable inner-city areas. One often-cited tactic though is rentvesting – i.e. investing in a property elsewhere so you can rent where you want.
That’s the topic of discussion on this episode of Friends With Money for Money’s Tom Watson and this week’s guest, buyer’s agent and director of Aus Property Professionals, Lloyd Edge.
- What is rentvesting and what are the benefits?
- Have rate hikes changed the dynamic for first home buyers?
- What should first home buyers look for in an investment property?
- Are there any drawbacks to rentvesting?
- Should rentvesting be part of a long-term investment strategy?
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How well do you know your spending habits? From grocery bills to petrol costs and regular visits to Bunnings, new data shows that the price of everything has gone up in the double-digits.
One way to combat rising household expenses is to learn how to monitor them better. This week on the Friends with Money podcast, Money's Michelle Baltazar chats with Kris Davant, Head of Product at Frollo, an app that's designed to help people track their expenses wisely and save hundreds of dollars along the way.
- How does Frollo work?
- Cost of living stats - yikes!
- How does the app help you budget and save
- How to protect your personal financial data
friendswithmoney #michellebaltazar #krisdavant #costofliving
Get the App: Frollo
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Website: https://moneymag.com.au
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When it comes to money, the dynamic between parent and child can be quite tricky.
Trying to balance conversations between generations regarding investments, wills, and retirement has the potential to create tension and hurt feelings.
This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Marc Bineham, author, podcaster and money coach, about how to manage money as part of the sandwich generation.
- What is The Money Sandwich generation?
- Is it time for "the conversation"?
- As always, get professional advice
- The cost of getting it right
- Tips to get things right with your money
friendswithmoney #michellebaltazar #marcbineham #sandwichgeneration
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Website: https://moneymag.com.au
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While fluctuating equity markets and falling house prices will come as unwelcome news to many, the flipside is that there are plenty of opportunities for investors looking to grab a bargain. That’s the topic of discussion on this week’s episode of the Friends With Money podcast featuring host Tom Watson and Money's senior journalist Nicola Field. They talk about:
- Defensive and growth stocks
- The lure of fixed-interest funds
- Residential and commercial property options
- Ongoing interest in cryptocurrency
- The threat of scams
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Email: podcast@moneymag.com.au
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The household budget is under enormous pressure from runaway inflation and soaring costs, with some grocery prices rising 3 to 4 times higher than they were at the beginning of the year.
Is there any relief in sight?
This week on the Friends with Money podcast, Money's Michelle Baltazar speaks with Sean Smith, Managing Director and CEO of Frugl, an app that's designed to help you save money when shopping for groceries, and it's free!
- What is the consumer price index?
- How bad are things getting?
- What are the more affordable grocery items?
- How can Frugl help save money and be healthy?
- Get the App: Frugl
friendswithmoney #michellebaltazar #seansmith #frugl
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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Achieving financial independence is as easy as 1, 2, 3, 4.
And you can achieve this on any budget! Sounds impossible?
The 4 steps to financial freedom are this week's topic on the Friends with Money podcast featuring author and financial advisor, David Scollon, and your host, Money's Michelle Baltazar.
- What are the 4 steps?
- How can you build wealth on a low income?
- What's the most important step?
- It's all so complicated
- The Book: Mission: Possible
friendswithmoney #michellebaltazar #davidscollon #4steps
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Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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Getting back to basics sometimes is the best way to achieve your financial freedom.
This week on the Friends with Money podcast, Money's Michelle Baltazar chats with economist, newspaper columnist and author, Jessica Irvine, about busting money myths and paving a clear path to a happier and wealthier you.
- Myth #1: Money is complex
- Myth #2: Some people are bad at money
- Myth #3: Spending money is bad
- Lightning round: how to slash your food bill
friendswithmoney #michellebaltazar #jessirvine #budgeting
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Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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While petrol prices and other transport costs are biting into household budgets, are there still opportunities for motorists and commuters to save? That’s the pressing question Money’s Tom Watson and NRMA spokesperson Peter Khoury get into on this week’s episode of Friends With Money. They discuss:
- The transport costs hitting Australians the hardest
- Why petrol prices have risen so high, and where they are now
- What’s going to happen to the 22c/litre fuel excise cut
- The explosion of potholes and their impact
- Ways for people to save money on their transport and driving costs
Listeners may also be interested in the following:
- ACCC petrol price cycles in Sydney, Melbourne, Brisbane, Adelaide and Perth
- Petrol price monitoring resources like Fuel Check NSW, FuelWatch WA, MotorMouth, myNRMA app, myRAA app, MyFuel NT, Petrol Spy, RACQ Fair Fuel and Simples.
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
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Listen on Spotify: https://spoti.fi/3fSPI2h
Website: https://moneymag.com.au
Email: podcast@moneymag.com.au
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How can we put our finances in a position to best withstand the current turbulence in the financial world? With living costs rising and equity markets bouncing up and down, that’s the big question host Tom Watson and journalist Annette Sampson delve into on this week’s episode of Friends With Money. In it they discuss:
- The importance of a budget and emergency fund
- Expenses people can cut back on to save
- Types of stocks investors might want to look at (and avoid)
- Managing volatility as a retiree
friendswithmoney #tomwatson #annettesampson #finances
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Renting a property can be a long-term financial commitment, and quite often, you have to make the decision to rent with little to no information. Signing a lease, after only having a brief inspection of a property, can lead to months of frustration and distress.
So how do you avoid the pitfalls of the rental market?
This week on the Friends with Money podcast, Money's Michelle Baltazar chats with Ben Pretty, co-owner and founder of Rent Rabbit, a new online service that provides detailed information on not only the property you're considering leasing, but the landlord or real estate agent as well.
They discuss: How tenant reviews can help prospective renters How renters can negotiate better rent How landlords can keep better records through the service
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Water damage to your property can be draining, both financially and emotionally.
The most important thing to do is to act immediately.
This week on the Friends with Money podcast, Money's Michelle Baltazar chats with Tracie Ellis, the founder and CEO of Renovators Directory, about the steps you need to take to get things back to normal.
They discuss: How to identify the issue What are the costs? Steps for a speedy insurance claim The dangers of DIY fixes Bonus: How to get rid of black mould on a budget
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Interest rates are getting higher and higher, so is now the time to think about switching your home loan? That’s the major question Money’s Tom Watson and Mozo spokesperson Claire Frawley talk through on this week’s episode of Friends With Money. They also discuss: How far rates have risen and whether they’ll go higher What an average mortgage rate looks like at present Other features worth looking out for when refinancing The borrowers who might be unable to refinance
friendswithmoney #refinancing #homeloans #tomwatson #clairefrawley
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The start of the 2022/23 financial year has brought with it a number of changes, including to superannuation. This week Money’s Tom Watson is joined by freelance journalist Andrew Main to unpack the July 1 changes. In the episode they discuss: The updated super guarantee rate New entitlements for low-income earners Changes for retirees and downsizers Tweaks to the First Home Super Saver Scheme
friendswithmoney #superannuation #super #tomwatson #andrewmain
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After relatively smooth sailing last year, global share markets have been knocked about in the first six months of 2022.
To delve into what’s happening and why, Money's Tom Watson sat down with AMP’s Chief Economist and Head of Investment Strategy, Dr Shane Oliver.
In this episode they discuss: Which markets and sectors have been hit the hardest The reasons behind the volatility The short-term outlook Tips for investors navigating this environment
friendswithmoney #tomwatson #shaneoliver #investing
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Ever thought about taking the plunge and starting up a side hustle, or even your own small business?
This week on the Friends with Money Podcast, Money’s Tom Watson is joined by author of The Joyful Startup Guide, Serina Bird, to delve into the practicalities of bringing a business idea to life.
In the episode we discuss: The basics of setting up How to approach a name and branding Options for financing a business Establishing e-commerce Bouncing back from mistakes
friendswithmoney #tomwatson #serinabird #startup
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Is now the time to start buying shares or is the market too volatile?
This week on the Friends With Money podcast, author Roger Kinsky chats with Money's Michelle Baltazar about his new book that explains how novice investors can get started buying shares for the first time.
friendswithmoney #startingwithshares #rogerkinsky
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The way people can talk about financial products online is changing thanks to a recent crackdown from ASIC. On this week’s episode of the Friends with Money Podcast, Money's Tom Watson sat down with podcaster and blogger, Dave Gow, to talk through the changes and the fallout. The two discussed: What action ASIC has taken and why it cracked down The impact on financial blogs and podcasts What this means for people seeking financial advice online in the long run
friendswithmoney #financialadvice #finfluencers #tomwatson #davegow
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With the end of the financial year drawing close, Money's Tom Watson talks with Mark Chapman from H&R Block about how individuals and small businesses can get organised ahead of tax time. In this episode we discuss: How you can prepare for your 2021-22 tax return Tips for maximising your refund Actions you can take to make the most of the new financial year
friendswithmoney #tax #eofy #tomwatson #markchapman
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We know that the property prices have gone on a wild ride over the past two years, but how have apartment prices fared compared to houses?
Terry Ryder, Residential Property Expert at hotspotting.com.au, joins Money's Tom Watson to talk through the numbers. In the episode we also explore: Where are the hot markets for units? Are apartments just for younger Australians? Will there be any price correction? Are units a smart choice for property investors? What are the features investors should look out for?
friendswithmoney #tomwatson #terryryder #property
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Several more interest rate hikes are on the cards for this year and the added pressure on the hip pocket may send some into financial distress.
This week on the Friends with Money Podcast, Money's Editor-in-Chief, Michelle Baltazar, speaks with Lending specialist Jack Talbot on how to survive the pending budget crunch.
In this episode we discuss: Market reaction to the interest rate rise What will happen to the new homeowner? Is it all doom and gloom? What needs to change to help those in distress?
friendswithmoney #michellebaltazar #jacktalbot
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Are you paying too much for services and utilities? Is your budget stressing you out? If so, then it's time to life admin hack your life!
This week on the Friends with money podcast, Life Admin Hacks Author and Podcaster, Mia Northrop, joins Money's Editor-in-Chief, Michelle Baltazar, to chat about the strategy of comparison shopping & reducing stress. What is the book about? Where can we save big? Make the keep me phone call! How do you reduce the mental load? Managing passwords
Links:
Life Admin Hacks (Book)
Life Admin Hacks (Podcast)
friendswithmoney #michellebaltazar #mianorthrop
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After a forced hiatus on the concert circuit, getting back on the road is a sweet inspiration for this iconic superstar.
This week on the Friends with Money podcast, Money's editor-in-chief Michelle Baltazar chats with singer-songwriter and self-made entrepreneur Kate Ceberano about surviving lockdown, the business of getting back on the road and how she manages her finances. COVID's impact on the entertainment industry Live streaming, friends and fitness with Kiara Painting, fans and NFTs Tax deductions and dry cleaning Reserves, independence and quilts Property investing
friendswithmoney #michellebaltazar #kateceberano
Links:
https://www.kateceberano.com/
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In this episode, author Stephen Hunt chats with Money's Editor-in-Chief, Michelle Baltazar, about how he turned a 100-dollar backyard bar into a 100 million dollar pub empire.
We chat about - What are some of the key ingredients needed to build a business? How to speak lawyer What was your first investment? What's a pub fund? A bit of the Irish luck & being in the right room Dress for the job you want
friendswithmoney #stephenhunt #hotseat
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Have trouble telling the difference between a credit score and a credit report?
In this week’s episode of the Friends with Money podcast Money's Tom Watson is joined by credit reporting expert Geri Cremin to bust some myths about the world of credit.
In today’s episode we get into: Why are credit reports and scores important? What does a good credit score look like? Who monitors your credit history? How do you check your own score and is it free? How can you improve your credit health and keep your score health
friendswithmoney #tomwatson #creditscore #gericremin
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Becoming a lawyer is not an easy path to follow, but does being a migrant and a woman add to the complexity of getting to the bar?
This week we continue with our career profile series as Money's Julia Newbould, chats with Barrister Carolina Soto about her journey to reach the bench. There's a difference between a Lawyer and a Barrister Seeking out mentors is key Was heavily pregnant when she wrote the final exam Wants to encourage more migrant women to join the bar and eventually become a judge Started her own Chambers to create a better work-life balance Loves being a mentor to others
friendswithmoney #julianewbould #careerprofile
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What's the best approach to get ahead in your job? This week Money's Julia Newbould speaks with a behavioural economic psychologist, Phil Slade, about the need to make the most out of your earning ability. What do you mean by being comfortable with being uncomfortable? We run away from discomfort The best outcome is tit-for-tat to gain cooperation We approach negotiation with scepticism You have to assume that people will be reasonable Keep the apes at bay
friendswithmoney #julianewbould #philslade
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Inheritance can be taxing. At this difficult time in your life, inheriting the family home, heirlooms, or investments can come with its own set of challenges.
H&R Block's Mark Chapman joins Money's Julia Newbould to discuss what you need to be aware of if you are the beneficiary of a will. Does Australia have an inheritance tax? Do you have to pay tax if you inherit the family home? When it comes to CGT, what are the best choices when dealing with an inheritance of property? What is tax-exempt? Should you seek advice if making a will?
friendswithmoney #julianewbould #h&rblock #markchapman
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Getting the best broadband and mobile deal is easier than you think!
This week the Managing editor of WhistleOut, Alex Choros, joins Money's Julia Newbould to explain how to save big on those phone and internet plans.
In today's episode we discuss: Why would you change plans? How do you find the right plan and provider? If you change providers, do you keep your mobile number? How do you get out of a bad plan? Are family plans beneficial? Is 5G home broadband a better deal? Can you switch back if you're not happy with your new provider? How simple is it to change?
friendswithmoney #julianewbould #whistleout #alexchoros
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In a tight spot and need money fast? Why not get a payday loan?
This week on the Friends with Money podcast, Money's Julia Newbould, is joined by financial coach Karen Eley and mortgage broker Marissa Schulze, to discuss why accessing these simple and highly accessible lenders can lead to more debt than you can handle.
We discuss: What are payday loans? Why are Aussies resorting to these types of loans? Can payday loans impact your credit score? What are the alternatives?
friendswithmoney #julianewbould #paydayloans
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Swapping super funds is easier than you think! This week Serina Bird, author and host of the podcast, The Joyful Frugalista, chats with Money's Julia Newbould about how easy it is to combine and change your super funds. She was forced to change funds but was still resisting and now wants to let everyone know how easy it is to switch.
Chose an industry fund that had low fees Took less than 10 minutes to set up a new fund The time it takes for funds to release super into new accounts can vary You can use MyGov to find and combine super accounts
fwm #serinabird #thejoyfulfrugalista
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What does the 2022-23 Federal Budget have in store for us? On this bonus episode of the Friends with Money podcast Money's Tom Watson sat down with Mark Chapman from H&R Block to chat about some of the features that may emerge from this year’s budget. These include: Extending the low and middle income tax offset (LMITO) Continuing the temporary full expensing scheme for small businesses Changes to the fuel excise Introducing a one-off ‘cost of living’ payment
friendswithmoney #tomwatson #budget2022 #markchapman
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What is the great resignation and is it really happening now? This week Money's Julia Newbould talks with behavioural economist and psychologist, Phil Slade about this recent phenomenon and hears some tips for people who are thinking about leaving their current job. Everyone is re-evaluating what they want out of life Run to a job not from one Appreciate that the way that you leave a job is the way you start a new job
friendswithmoney #greatresignation
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With petrol prices above $2/litre and a bag of groceries costing more each day, what can you do to stay on top of your budget? A finance coach for 17 years shares how his clients are reassessing their savings plan.
This week on the Friends With Money podcast, Money's Michelle Baltazar chats with Verante’s Liam Shorte about the pains of the rising cost of living. We discuss: Why retirees are holding off their travel plans this year; Why the Russia-Ukraine conflict will push food prices for many years; Why you need to top up your budget by 20% to cover all your expenses; What does a finance coach tell all his clients to achieve a comfortable retirement?
friendswithmoney #michellebaltazar #costofliving
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Have you saved up enough money for retirement? What happens to your super if you decide to return to the workforce?
This week Money's Managing Editor, Julia Newbould, speaks with Money's Senior Journalist, Vita Palestrant, about superannuation and the complexities of returning to work after retiring. Why would you consider unretiring? Are most people prepared for retiring, both mentally and financially? Is it important to speak with a financial planner regarding your retirement? Is there a need to change the rules around retiring and super funds? What do you need to do if you return to the workforce? What are some of the reasons people may not have enough money to retire on? How do you plan to return to the workforce?
friendswithmoney #julianewbould #unretiring #vitapalestant
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This week on the Friends With Money podcast, Money's Julia Newbould chats with Aware Super's CEO, Deanne Stewart, about the inequities that still exist between genders in the workplace. From lower pay to superannuation discrepancies, just how far have we come in closing the gap?
We discuss - What does IWD 2022 mean? Have you had to work harder, as a woman, to achieve your successes? Has there been a positive change in gender balance over the past few years? What lessons have we learned? Are women confident in their financial future?
fwm #julianewbould #IWD2022 #deannestewart #awaresuper
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What women need to know about money
Tuesday, March 8th, is International Women's Day. In 2020, are women still behind their male counterparts when it comes to financial planning and investments?
This week, Money's senior journalist, Nicola Field, and financial adviser, Anne Graham, join Money's, Julia Newbould, to discuss the question: When it comes to financial matters, are women left behind when it comes to income, superannuation, and confidence in investing?
We discuss - Why focus on women and finance? What should women be doing to get in control of their financial well being? Are women managing money as effectively as men? Is it ever too late to improve your financial situation? Why is it important to get advice on your current financial position? Are younger women managing money better today than in the past? What's the best money advice for women today?
friendswithmoney #julianewbould #womenandmoney
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Ensuring you are making the most of your investment property.
What are some of the tax breaks you can bank on when renting your investment property?
This week, Mark Chapman from H&R Block joins Money's Julia Newbould to discuss the rules, advantages, and disadvantages of renting your property. We look at the 6-year rule and discuss any COVID exemptions.
We also talk about Negative gearing your mortgage Tax implications of gearing And are the tax rules different if you are living overseas?
friendswithmoney #julianewbould #markchapman #6yearrule
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This week on Friends With Money, we debunk the myths surrounding ESG and get to the heart of whether or not investing in an environmental, socially responsible, and good governance portfolio is worth your time and money.
Money's managing editor, Julia Newbould, is joined by Fidelity's director of sustainable investing, Daniela Jaramillo, to discuss this widely misunderstood method of investing.
We discuss - what It is? Is it a worthwhile investment strategy? How can you compare funds and what are the risks?
friendswithmoney #julianewbould #esgmyths
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Want to create a healthier and stronger relationship this Valentine's Day? if so, you should go on a money date.
This week financial coach, Karen Eley, joins Money's managing editor, Julia Newbould, to discuss how money dates can put the spice back into your relationship.
We discuss: are money dates important to your relationship? Is money coaching a good way to reduce financial stress? and what money strategies can couples adopt?
friendswithmoney #julianewbould #moneydates #kareneley
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Maths whiz, raconteur, tv personality and author Adam Spencer has just released a new book, Maths 101, to support primary school students and help their parents understand the maths that is required in schools today. The idea for this book came from a friend who'd locked himself in the bathroom and called Adam after his seven-year-old son asked him why 1 wasn't a prime number. Spencer tells us that it’s not the maths that has changed over the years, it’s just the approach. However, he admits that being good at maths doesn’t mean you’re good with money.
He also discusses: Why different people approach a maths problem differently How practice makes perfect and why Adam loved maths throughout his school years His guilty pleasure was chess books it’s now splurging on his partner.
friendswithmoney #adamspencer #julianewbould #maths101
Link: https://www.moneymag.com.au/adam-spencer-maths-money
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What does 2022 hold for you?
This week Money magazine's managing editor Julia Newbould is joined by the Rainmaker head of research, Alex Dunnin, and Financial Standard senior journalist, Karren Vergara, as they speculate the potential gains and losses of the year ahead.
We cover what might happen to super, concerns around market volatility, investing in a low-interest-rate environment and we also talk about: supply chain issues property prices young people and superannuation
friendswithmoney #julianewbould #predictions2022
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Sending kids back to school can be very expensive. This week Serina Bird, author and host of the podcast, The Joyful Frugalista, chats with Money managing editor Julia Newbould about how parents can save money when preparing to send their kids back to school. This includes preparing in the year prior, not always buying the recommended school stationery packs and keeping abreast of January sales.
Plus, Serina shares her tips for getting everything you need despite supply chain issues.
The podcast also covers: Buying cheap shoes – is this always the way to go Don't forget about budgeting for additional expenses Tips for reusing items from the previous year
friendswithmoney #julianewbould #serinabird #thejoyfulfrugalista
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Tracksuit wearing Sydney-based comedian Daniel Muggleton says when it comes to investing, he’s the drunk heckler yelling at the stockmarket. Here he talks to Money managing editor Julia Newbould on the Friends with Money podcast about his best investment - an original vintage of Penfold’s Grange 1951 made on his behalf by his dad and his worst investment decision of pursuing a career in the arts. He also confesses to having to work hard during the pandemic to perform comedy online as he found the paperwork too hard. How Dan became a comedian (it all started in a bar) Knowing that, as an only child, he will receive an inheritance Why he hates that the pandemic made rich people richer His work at The Running Joke
See the full story: 'When it comes to investing, I'm the drunk heckler yelling at the stockmarket'
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Australian journalist, actor, writer, Adam Zwar, tells us about his love of cricket, real estate, and lost cats. On the release of his new book Twelve Summers which talks about his 12 formative summer , the milestones, and unforgettable moments linked to the game he loves, Zwar spoke to Money’s managing editor Julia Newbould on the Friends with Money podcast and covered topics from how it all started with eating honey, to the Ashes and to his worst investment in short films. He once worked as an escort driver, which was really easy until it got dangerous Loves to spend money on travel and streaming services Calls out lost cats as his Achilles’ heel
We have five books to giveaway.
Website: www.moneymag.com.au
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Covid-19 has changed our spending behaviours – we moved from cash to cards and quickly to mobile payments. Arun Devidas, the head of card issuing and acquiring at Bendigo Bank, joins Money managing editor Julia Newbould on the Friends With Money podcast, to talk about what mobile wallets are, the growth of mobile payments and their advantages over credit cards. Plus, find out how can you prevent your children racking up big credit bills behind your back.
They also discuss: Why mobile wallet take-up was a slow burn Why initial account set-up is key to securing mobile payments And how mobile payments are increasing in popularity, particularly at bars and restaurants
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A last will and testament is probably something that most of us would rather avoid thinking about, but it could be one of the most important documents you'll ever have to complete. So how many of us actually have a valid will, and why is it so important to have one in place despite your age and earthly possessions?
In this episode of Friends With Money, managing editor Julia Newbould is joined by Peter Bobbin, principal lawyer at Coleman Greig Lawyers, to talk about wills, why they are important, and what to consider when putting one in place for your estate.
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After a challenging year that tested most investment strategies in the superannuation sector, UniSuper has been awarded Best Super Fund and won top honours in four other categories in Money Magazine's 2022 Best of the Best awards.
It’s been a big year for the $100 billion fund. Earlier in the year it opened its doors to the general public and it continues to build on its offerings for all Australians. In this episode of Friends With Money, managing editor Julia Newbould is joined by UniSuper chief executive Peter Chun to discuss the fund's success, digital improvements, and its focus on the things that really matter for its members.
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Henry Pinto and Cade Franklin were the first-ever winners of Lego Masters Australia, a series watched by more than two million Australians. The pair had not met until they started filming the series but have since become close friends.
Prior to the show, lifelong Lego fan and video game designer Cade worked with a friend to build the largest Lego caravan for the Guinness Book of Records. Henry loved Lego as a child and was drawn back into it by his kids. He recently renovated his house to include his own Lego room.
The two friends recently released a comic book full of dad jokes and illustrated with their own Lego builds called Brick Dad. Managing editor Julia Newbould caught up with Henry and Cade to talk about their Lego Masters journey, their book and the value they find in doing something they both love.
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He's an Aussie icon and household name, not only because of his success as a businessman, but for his amazing aviation adventures and unwavering positivity for the country he loves. So where did it all begin and what still motivates someone like Dick Smith?
Recently, managing editor Julia Newbould caught up with Dick to see how he built his empire, hear about his philosophy on money, and how he wisely spent his time during COVID-19 lockdown to finish his new book, My Adventurous Life.
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As an individual buyer, outright property ownership is relatively straightforward. The title is in your name, any mortgage is in your name, and it's your asset alone. But when you buy property with others you have a choice in ownership structure - joint tenancy or tenants in common. Depending on your personal situation there are pros and cons for each, as well as implications for estate planning and unexpected situations such as divorce.
In this episode of the Friends With Money podcast, managing editor Julia Newbould is joined by Peter Bobbin, principal lawyer at Coleman Greig Lawyers, to explain your options when it comes to owning property, and reveal the possible road bumps you may not have considered.
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As the world emerges from the pandemic, a challenging economic headache remains with broader implications for Aussie businesses and consumers. Global supply chains are in crisis with energy shortages, shipping congestion and a lack of semi-conductors, among other things, set to derail economic recovery and add to inflationary pressures.
To find out what the ripple effect could be for Australia, senior journalist David Thornton caught up with Sam Macpherson, head of treasury at Earlytrade - Australia's largest working capital marketplace, to discuss what parts of the Australian economy have been most affected, and what this could mean for consumers and businesses leading into the busy Christmas period.
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The property market has boomed, interest rates have fallen, and more Aussies have started investing in shares since Money magazine first hit newsstands more than 20 years ago.
To mark the 250th issue of Money, out now, we sat down with someone who was there at the very beginning.
Founder and editorial advisor Paul Clitheroe says that the core mission of the magazine hasn’t changed.
“The fundamental premise is decent common-sense advice, avoid scams, and make better decisions… no promises of getting rich quick, but how you can use your money to make better returns and understand risk.”
Managing editor Julia Newbould caught up with Paul to get his thoughts on the success of Money, and how the average Aussie is more switched on when it comes to property, shares and super since those early days.
Thank you to our Money family, and here’s to many more years of creating financial freedom.
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So you now have the option of stapling when it comes to your super fund, but what doe it actually mean?
Superannuation has undergone a raft of changes this year in a move to make the industry more transparent and accountable to members.
These reforms, known as as Your Future, Your Super, include ‘stapling’ which will see people taking their main super fund from employer to employer when they change jobs. A new annual performance test will call out underperforming funds, which will have to improve their performance before they can take on new members.
In this episode of the Friends With Money podcast, managing editor Julia Newbould is joined by Active Super CEO Phil Stockwell to to find out how everyday Aussies will be affected by the new super landscape.
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The threat of rising inflation, faltering Chinese property markets, and doubts about any economic recovery in a COVID-19 world mean that interest in gold as a safe-haven for Aussie investors is gleaming once again. Gold can be held directly or more conveniently through shares in mining companies, managed funds or themed ETFs. But why does gold remain useful in in a diversified portfolio? And is crypto currency used as a defensive asset taking some of the shine off gold’s reputation?
In this episode of the Friends With Money podcast, senior journalist David Thornton is joined by well-known businessman and successful investor Mark Bouris, who shares his thoughts on gold as an investment, addresses the volatility in markets today, and also provides some valuable insights into portfolio diversification.
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Australians are paying greater attention to how superannuation is being invested, and also want to have a say in putting their money towards protecting people and our planet. We hear a lot about responsible investing and terms like ESG, carbon emissions trading and negative screening, but what do these terms actually mean, and how does a greener approach affect your overall returns?
In this episode of Friends With money, managing editor Julia Newbould is joined by Moya Yip, head of responsible investment at Active Super,to answer some of the common questions around ESG and bust some myths on eco-friendly investing.
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Australians took charge of their financial habits during coronavirus lockdowns in 2020.
They became more frugal, increased their savings and paid down debt, according to new research from the Financial Planning Association of Australia (FPA).
Those who didn’t made those changes said some basic financial planning could have helped put them in a better position, including building up savings earlier, cutting out non-essential spending, and paying off debt more quickly.
To mark Financial Planning Week, which kicked off on October 4, the FPA is unveiling more of its research, including how Aussies felt about their money in 2020, and how the coronavirus crisis has changed their approach to money.
In this episode of the Friends With Money podcast, managing editor Julia Newbould is joined by FPA chief executive Dante De Gori, to talk about the importance of financial planning, why we need access to credible information, and why he’s optimistic about the spending habits of everyday Aussies.
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Climate change, ESG investing and the world's changing attitude to carbon emissions are all factors which Australian property investors will need to consider in the next few years with Europe, the US and China all having taken steps around their emissions trading. It may seem that with many of us working from home we are having a smaller carbon footprint by not commuting to the office but while we are all running our own power it's not that simple. What will our new work environment look like - what are the implications of the decentralised office?
On this episode of Friends With Money, managing editor Julia Newbould is joined by Peter Esho, market analyst and co-founder of real estate investment platform Wealthi, to talk about our carbon footprint and ESG when choosing commercial, industrial and office properties to invest in and to build our homes. Are the companies supplying our timber and steel reputable? Are they offsetting their carbon footprint and minimising our domestic running costs?
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Aussies are known for being laidback, especially when it comes to their super. But they can’t afford to be ambivalent about their future retirement.
So how do funds overcome the myths and the misconceptions, the disinterest and doubt, to get you to genuinely engage with your super?
Good returns and low fees are important, but today investors are looking for more.
And super funds are having to work harder to win you over.
In this episode of Friends With Money, senior journalist David Thornton is joined by Chantal Walker, Active Super chief digital and marketing officer, to find out how super funds are turning to better technology and responsible investment to get Aussies to pay attention to their retirement savings.
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Just as early Ford and GM investors grew rich from the internal combustion engine, the transition to electric vehicles will do the same for newer classes of responsibly charged investments. Global car manufacturing has reached an environmental tipping point, with the most powerful brands investing billions of dollars into transforming the industry. But this is a much bigger story than just Tesla alone. Affordable rechargeable batteries now make it possible to store electricity and harvest renewable energy for a growing number of commercial and domestic uses, so as a critical component in electric vehicles, power storage and mobility, the mega-trend in lithium mining and investment in the battery technology value chain is here to stay.
In this episode of the Friends With Money podcast, senior journalist David Thornton is joined by Kanish Chugh, head of distribution at ETF Securities, to discuss the rising demand for lithium, where it comes from, and how investors can benefit by tapping into battery technology markets.
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Women are retiring with 47% less super than men, so this episode of the Friends With Money podcast is focused on finding out whats going on and how we can fix it.
Despite more conversations and greater advocacy around equal pay, the challenges associated with gender wealth disparity still remain. Time out of the work-force raising children, disproportionate representation in part-time retail and hospitality roles, as well as the gender pay gap mean women are also trailing men in superannuation balances when reaching retirement age. They were also more significantly impacted by COVID-19 and participation in the government’s early release of super scheme. Here, Money magazine editor Julia Newbould talks to Heather Dawson, Active Super’s chief experience officer, about what we can do to narrow the gap.
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Just what inspires an Aussie teacher to pursue the dream of early retirement?
It’s the freedom, flexibility, and the example set by a Canadian-born blogger known as Mr Money Mustache.
In successfully retiring from an IT career at 30, he has inspired a growing movement around the world of people who are saving hard and investing now for their ultimate goal: a want a comfortable lifestyle without the 9-5 grind.
So how much do you need to retire early? Is it possible on a modest income? And how can you juggle the dream of early retirement with having children?
From single mums to young families, and from those who are living frugally to those who want to maintain their standard of living, the financial independence, early retirement (FIRE) stories we’ve shared with you demonstrate one thing: it all comes down to your personal circumstances.
In this episode of the Friends With Money podcast, Money magazine’s Julia Newbould talks to teacher and millennial FIRE convert Emily Smith, also known as BabyFIRE30, about what got her started, her experiences as a young member of the community, and what motivates her to succeed.
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This year marks the 20th anniversary of the exchange traded fund (ETF) market in Australia and coincides with a period of incredible growth for these investments over recent years. Going back two decades, who would have thought that a tradable basket of securities would become one of the most innovative and sought-after products for Australian investors? Many financial advisers now recommend ETFs to their clients as part of a balanced portfolio strategy, and individual investors can gain cost effective exposure to a broad range of asset classes that include shares, fixed interest, property and global currencies, to name just a few. Younger investors are also embracing thematic ETFs, from technology to ESG.
In this episode of the Friends With Money podcast, journalist David Thornton is joined by Meaghan Victor, the head of SPDR ETFs for Asia Pacific at State Street Global Advisors, to discuss the rising popularity of ETFs, their future in the Australian investment landscape, and what sets them apart.
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How do you pivot from building sets for Ninja Warrior to producing desks for a nation stuck working from home?
More than a third of Aussie businesses have struggled financially since COVID-19 restrictions began last year, with small businesses in particular under pressure just to stay afloat. As our lifestyles and shopping habits have changed, many of these businesses have also found themselves branching into new projects.
In this episode of the Friends With Money podcast, Julia Newbould is joined by Jeremy Fleming, founder and CEO of StageKings, a company that specialises in designing and building sets for major events. The cancellation of these events due to COVID-19 lockdowns in 2020 initially devastated StageKings, until Jeremy successfully pivoted the business to keep revenue coming in and keep his team employed. Their new mission: creating the innovative ISOKing range of furniture and accessories.
Here, he talks about the art of pivoting in response to COVID-19 and shares some of the valuable lessons he and his team have learnt along the way.
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Super. We all have it and should all be doing our best to look after it. For the most part, our thoughts revolve around how much we actually have in our superannuation accounts, how much it has grown over time, or where it is invested. Then there are the benefits of organising insurance through your super, the life insurance component of which can represent a large sum of money intended to look after those left behind. But who can you nominate as a super beneficiary? What if you’re single, widowed, or have a blended family?
Who you choose to nominate as a superannuation beneficiary has become an increasingly important issue with more and more instances of superannuation benefits being challenged in the courts. One recent example of this is the tragic case of Ashleigh Petrie who had allegedly tried to leave her superannuation death benefit to her struggling mother, only to have her 68-year-old magistrate fiancé successfully challenge the payout.
In this episode of Friends With Money, Julia Newbould is joined by Peter Bobbin, principal of Coleman Greig Lawyers, to discuss who you should nominate as a superannuation beneficiary, the difference between a binding and non-binding nomination, and whether or not your will can override your choice.
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More than just a billionaire’s playground, space offers investment opportunities along the entire supply chain, from government defence spending right through to Australia’s bread and butter, mining. According to KPMG, Australia's space industry will provide fertile ground for retail investors, who can already gain exposure through superannuation funds and ETFs. In this episode of Friends With Money, David Thornton is joined by Mike Kalms - lead partner for defence and space industry at KPMG Australia, and colleague Jacob Hacker - space industry account lead, to discuss their findings and more.
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Related KPMG links - https://home.kpmg/au/en/home/insights/2020/05/30-voices-on-2030-future-of-space.html
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People tend to see financial advisers as they near retirement, but the reality is that many gen X, millenials and even gen Zs can benefit from advice when making life's big decisions such as starting a new job, getting married, buying a house or investing for a secure future. After seeing a gap in the market needing advice in navigating through life stages, Glen Hare and business partner Jessica Brady built on their experience working for big financial firms and formed Fox and Hare, their own financial planning business targeting millennials like themselves.
So what do financial advisers offer millennials? In this episode of Friends With Money, Julia Newbould is joined by Glen Hare to talk about his business and how starting those important financial conversations is helping his clients to reach their wealth management goals.
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Contracts for difference, also known as CFDs, are derivative investments that have long been used by professional investors to gain leveraged exposure to a broad range of securities. More recently, with an increase in the number of direct market access in the retail market they have soared in popularity with investors seeking strong returns. But are the risks really worth the rewards? In this episode of Friends With Money David Thornton is joined by Peter Campbell, senior financial adviser at Merideon Wealth Strategies, to discuss the surge in CFD trading and the realities of using CFDs as an investment.
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With the advent of 5G as the next generation of broadband technology, the way we work, play and even invest is set to be fundamentally revolutionised. At a basic level, this kind of generational change in technology means greater bandwidth and a vast increase in data speed to go with it. The benefits for domestic use are clear, particularly as COVID-19 changes how the world communicates. But there are also much broader implications for both government and commercial settings with enormous potential to boost the economy. In this episode of Friends With Money, David Thornton is joined by Kanish Chugh, head of distribution at ETF Securities, to discuss the impact of the 5G megatrend, and explore how investors can gain exposure to benefit from its role in the business ecosystem.
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Fashion industry icon Colleen Callander is a "leader by design", which happens to be the title of her new book. She believes leadership is something everyone can learn. In her book she shares her insights from 30 years in retail, including 13 years as CEO of popular fashion brands. Her experience runs from leaving school at 16 to suffering burnout from her workaholic ways to moving up the ladder and not being afraid to ask for her worth. Callander left the retail world in 2019 to experience the next chapter of her life - to follow her passions and travel - but when COVID-19 hit she launched a new business, which happened to be in the right place at the right time. She now mentors and coaches others to achieve their own success. In this special episode of Friends With Money, Colleen Callander takes the hot seat to talk about money.
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“31 degrees. Sun on my face. Sand between my toes. Life was pretty relaxed as we lay on a beach in Kos, in the Greek Islands. It was 2016 and Mina and I were relishing a six- month break from Australia.”
What a hook – isn’t it the dream – to be able to retire to a Greek island? The couple thought they’d hit the jackpot, retiring from your day job at age 28 owning 25 residential and commercial properties scattered across four states.
On this episode of the Friends With Money podcast, host and Editor at Large of Money magazine Australia, Julia Newbould, is joined by successful property investors and authors Scott and Mina O’Neill.
Mina and Scott O’Neill are professional property investors – they run a buyer’s agency for commercial property investors and have to date helped more than 2000 clients purchase well over $1 billion in Australian real estate.
They started their own property investing early and have just published their first book – Rethink Property Investing.
The couple worked hard, saved for many years and obsessed over every property decision. However, when they returned from their Greek Island holiday, one they had enjoyed every summer for several years, the O’Neills were not ready to retire.
They started to transition their portfolio into commercial property, and then realising that their knowledge of the commercial property market could help others get their start. They found most people didn’t know what commercial property included, what the advantages and disadvantages were and when they were ready to buy weren’t sure where to start.
This realisation prompted the O’Neills to start their own buyer’s agency to help people make their first moves into commercial property. The couple is now busier than ever and through their book Rethink Property Investing – they are able to tell their story and spark even greater interest in commercial property.
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According to a growing number of Australians, many of whom are millennials, there is more to life than working flat-out, earning and spending, piling on debt, and consuming voraciously. They want financial freedom and more happiness from following their passions and interests by leading a simple life and saving hard to reach early retirement.
These people are followers of the popular personal finance FIRE movement - which stands for financial independence, retire early - who save rigorously, invest sensibly, retire in their prime, and enjoy a modest, agreeable life. Many Aussies have drawn inspiration from Canadian born blogger Mr. Money Mustache, who has largely pioneered this way of thinking. It's not about getting rich quick, but taking a measured path with the security of savings.
But how much do you need to save, what should your goals ultimately be, and what is the best way to invest? Is this lifestyle right for you?
In this episode of Friends With Money, Julia Newbould discusses the FIRE philosophy with Money journalist Susan Hely, who has been following this community since 2018, and two popular finance bloggers on how they have achieved their own financial freedom - Serina Bird, author of The Joyful Frugalista, and Dave who writes the strongmoneyaustralia.com blog.
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We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future. Having an extensive network of professional finance voices with honest, credible opinion has allowed Money Magazine to become Australia’s longest running and most read personal finance magazine, presenting easy to understand financial news, advice and reviews for its audience. Managing editor Julia Newbould and senior journalist David Thornton talk weekly with a variety of experienced guests to explore the art of financial literacy and resilience in the modern money landscape.
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