Money Chats: Recent Episodes
Ben and Cara Brett
Are you in your 30s, 40s or 50s and navigating life's big financial transitions? Money Chats explores all the options available to you to grow your wealth, health and happiness.
In this episode, Cara and Ben explain some of the common financial mistakes they are seeing lately and how you can avoid them
In this episode, Ben and Cara break down what they are seeing in private school costs and give some practical tips about how you can save and invest for it
In this episode, Ben and Cara discuss what happens once you run out of superannuation and the options potentially available to you
In this episode, Ben and Cara explain the different options of income protection insurance and what this will mean if you ever need to claim
In this episode, Ben and Cara outline when you get access to your super and how best to approach it
In this episode, Ben and Cara address how ownership is one of the most important decisions when it comes to investing and the different options available to you
In this episode, Ben and Cara address an issue they see regularly where people borrow too much for their home loan
In this episode, Ben and Cara explain what you should be doing with your money in your 20s, 30s, 40s, 50s and 60s.
In this episode, Ben and Cara explain the things they do with their money which is outside the norm.
In this episode, Ben and Cara reflect on the things they used to recommend but have since changed their mind on
In this episode, Cara and Ben go through some great ways for employees to reduce their tax
In this episode, Ben and Cara explain the steps you need to go through to determine whether you can afford that house upgrade
In this podcast, Ben and Cara discuss this very common question and give practical examples of how you can start investing to help your children buy a house
In this episode, Cara and Ben discuss what an In Specie Transfer is and how you can use it to save on tax when moving your investments between providers
In this episode, Ben and Cara outline some of the strategies that exist to help you keep your super growing when taking time out of the workforce.
In this week's episode, Cara and Ben dive into how you should go about structuring your investment property loan for tax purposes and some of the tips and traps they see.
In this episode, Ben and Cara explain how super contributions aren't all made equal and how investing earlier has a much greater effect than doing it when you are older.
In this episode, Ben and Cara explain how rent-vesting works and some of the disadvantages of this strategy.
In this episode, Ben and Cara outline how to use leverage to grow your wealth and what to avoid.
In this episode, Cara and Ben explain how Queensland Government employees are losing thousands of dollars every year in missed tax deductions.
In this episode, Ben and Cara explain what sequencing risk is and how it can destroy your retirement.
In this episode, Cara and Ben explain when you should look to cancel your life insurances and some of the traps we see people fall into.
In this episode, Ben and Cara explain some of the tricks HR teams are using to make your salary look bigger when it really isn't.
In this episode, Ben and Cara break down what the Barefoot Investor Fire Extinguisher is and why it's probably the most important part of the Barefoot Investor Methodology.
In this episode, Ben and Cara run through various financial strategies they have implemented for clients.
In this episode, Cara and Ben break down a great strategy for making sure you're paying enough off your home loan, whilst also ensuring you are enjoying your money now.
In this episode, Ben and Cara explain when you should think about selling your investment property and some of the things to watch out for.
In this episode, Ben and Cara break down exactly how you go about getting money to live your life in retirement.
Financial Advisers, Ben and Cara break down the 7 biggest mistakes they see amongst their high income earning clients
In this episode, Ben and Cara run through the different tax advantages of an investment property and the traps to look out for
In this episode, Cara and Ben discuss how much money you can actually save by putting small extra repayments onto your home loan.
In this episode, Cara and Ben explain why your lifestyle should cost 80% of your income and how this can be easily misunderstood.
This week, we are joined by Bobby Rein and Kade French, Mortgage Brokers at Newstead Group.
We discuss the 5 biggest misconceptions about mortgage brokers and how they work.
In this week's episode, Cara and Ben outline some of the key financial lessons they have personally learned in their life and how it has shaped the way they think about money.
In this week's episode, Cara and Ben explain how you can salary package a car and the pros and cons of why you would even consider this.
In this week's episode, Cara and Ben jump into the controversial topic of how much you should earn. Particularly for younger people, focusing on your career and earning more may be the best way to improve your financial health over your lifetime.
In this episode, we explain how you can set your bank accounts up to make sure you succeed with money
In this episode, we break down how we go about working out a client's retirement number.
In this episode, Ben and Cara explore salary packaging that is available to employees of not-for-profits or government departments.
They explain how you can use this perk to reduce your tax and the pitfalls to watch out for.
In this episode, Ben and Cara explain what 'Goals Based Advice' is and how it may help you to invest with clarity.
In this episode, Cara and Ben from Bounce Financial outline some of the financial options you have when you pay off your house. From putting money into super, investing outside of super or buying property, they cover all the possible options.
In this episode, Cara and Ben run through the pros of having an investment property and the steps you need to go through first to ensure the property makes you money
In this episode, Cara and Ben explain what passive income is, why you would want it, and how you can go about getting it
In this episode, Cara and Ben break down the 3 distinct skills of money and how competence in one area doesn't necessarily translate to others
In this episode, Cara and Ben discuss the top 5 questions they regularly get asked as financial advisers
In this episode, Cara and Ben run through the questions you need to ask yourself when buying a house and buying an investment property and why they are very different
In this episode, Cara and Ben run through some questions couples should ask each other about their money values
In this episode, Cara and Ben run through the habits and mistakes they see, which you can avoid to supercharge your finances
In this episode, Cara and Ben break down the top 4 ways you can go about legally reducing your tax
In this podcast, Cara and Ben talk through the options of downsizing your home to unlock some equity for retirement.
In this episode, Cara and Ben discuss the different episodes of Season 3 and some of the great tips and tricks that have come up along the way.
In this episode, Ben and Cara get a little technical to talk about how family trusts work and how you can use them. Like all things in finances, their are pros and cons but this may be a powerful tool to help you grow your family's wealth.
In this episode Ben and Cara discuss the grim topic of what happens when you run out of superannuation. Despite popular opinion, your superannuation will not pay your salary for the rest of your life and is a limited amount of money that may run out. In this episode, we discuss how you can try to make it last longer and how the aged pension interacts with your withdrawals.
In this episode, Ben and Cara explain why people fail at implementing the Barefoot Investor Buckets. They go through how they work for their clients and how you too can structure your budget to take advantage of this power financial tool.
In this episode, Ben and Cara run through the pros and cons of investing vs simply paying out your mortgage. They explain how they go about determining what goals suit what action and how you can determine this for yourself.
In the very complex world of superannuation, Ben and Cara try to break down the basics and give you what you essentially need to know. In this episode, we talk about how to contribute, why you would contribute and how you can spend and access your superannuation.
In this deliberately click-baity episode, Cara and Ben explain how different timings of when you retire or take leave can have a huge effect from a tax perspective, and how you can structure your leave to give you more money in the hand.
In today's episode, Cara and Ben discuss the tax disadvantages of having a one income household. Following a recent LinkedIn post that generated a lot of interest, we explain how disadvantaged you may be and what you can do to fix it.
In this episode, Cara and Ben run through some of the common questions they get when the sharemarket is crashing and how you can go about protecting yourself. Whether the market is currently crashing or booming, knowing what you will do when the inevitable happens will always put you in a better position.
In this finale episode of season 2, we run through the different episodes of Season 2 and our thoughts on them. Thank you everyone for your support for Season 2. We love producing Money Chats and are looking forward to Season 3.
In this episode, Cara and Ben address what you should do if you retire and still have a mortgage. For anyone in their mid 30s or older taking on a 30 year loan, you may find yourself with a mortgage when you retire. In this episode, we talk about the risks of moving money out of super and how to best go about it.
In this episode, Cara and Ben from Bounce Financial step through some of the traps you need to consider when you get an inheritance and how you can best go about utilising this money.
Today we tackle that question that comes up for every person, how much do you need to retire? We run through the ASFA standards which are considered the industry standards and why we disagree with them. We offer our own opinions of how much you need to retire and provide some tips on how you can go about this.
Are you thinking about upgrading your house? A common question that seems to come up is whether you should keep your home and convert it into an investment property.
In this episode, we set out the pros and cons of doing so and dispel the myth that you should never sell property. We also give actionable tips on what you need to consider regarding tax when you convert your home into an investment property.
In this episode, we discuss the different circumstances where you might consider selling your investment property. There is a lot of great information out there about buying investment properties but surprisingly not a lot about when you should sell. Whilst hanging onto a good investment over the long-term can be great for building wealth, eventually you are going to want to spend that money you've earned on something fun.
In this episode, we tackle that great Australian debate, Investment Properties vs Shares. We explain the pros and cons of both and in what circumstance we would recommend one over the other. (Hint- there isn't a better investment, just the better investment for YOUR goals)
In this episode, we discuss preparing and investing for private school education. We explain the types of costs that will come up and how we go about preparing for this for our clients. We also run through some of the different investment vehicles including investment bonds, scholarship funds, investment portfolios and investment properties.
In this episode of Money Chats, we break down some useful strategies you can use when you have an offset account. We discuss the pros of using this as a hub for your investments and savings, discuss the differences with an investment property and whether you should use an offset account or redraw on your home loan.
In this season final episode, Cara and Ben from Bounce Financial reflect on the different episodes of Season One and what they took away from each of their guests.
If this is your first episode of Money Chats with Bounce Financial, check out our other episodes first to learn more.
In this episode, Cara Brett interviews Courtney Lockett, Owner and Principal Solicitor of Lockett McCullough Lawyers.
Lockett McCullough is one of Brisbane's busiest conveyancing practices, assisting around 3000 client per year to buy and sell property. Cara and Courtney discuss what to look for in a Conveyancer and how things can go wrong (or right).
If you would like to learn more or speak with Courtney, you can contact her at the following:
Website: https://lockettmccullough.com.au/
Linkedin: https://www.linkedin.com/in/courtney-lockett-3741a44b
Facebook: https://www.facebook.com/lockettmccullough/
In this episode, Cara and Ben explain what an ETF is and their pros and cons. We discuss some of the general rules of investing and when an ETF might suit you and what some of the alternatives available are.
In this episode, Cara meets with Michelle Kunde, Accountant at M.A.D. Accounting. They discuss everything you want to know about accounting including when you need to use an accountant and what they can do for you.
When it comes to tax, there is a lot that can go wrong. Having an accountant on your side to help you navigate the ever changing complexities of tax can be a godsend, particularly as you start to earn and invest more.
Michelle has over 20 years of experience in accounting, taxation, bookkeeping, payroll and management advisory. She is a registered tax agent and chartered accountant and works with individuals, business owners and SMSF holders. In her spare time she enjoys running, hiking, swimming and scuba diving.
You can contact her at:
· https://www.madaccounting.com.au/
· https://www.facebook.com/madaccountingbne/
· https://www.linkedin.com/in/michelle-kunde-658a7b4/
In this episode, Ben and Cara from Bounce Financial discuss how they go about selecting a super fund for a client. They discuss how selecting a super fund is a multifaceted decision involving fees, performance and ease of use.
They also talk about some of the common mistakes they see people make when it comes to picking a super fund or with their super in general.
In this episode, Ben Brett of Bounce Financial speaks with Loan Chow, Estate Lawyer about all things Wills and Estates. We cover topics such as why you even need a Will, who should you get to draft it and how much would you expect to pay for a Will.
We also talk about the risks of not having a Will and what can go wrong when it's not drafted correctly.
If you want to learn more about Loan Chow at YHC Lawyers, you can find her at:
Website: https://www.yhclawyers.com.au/ Facebook: https://www.facebook.com/YhcLawyers Instagram: https://www.instagram.com/yhc_lawyers/
In this episode, Cara and Ben from Bounce Financial discuss some of the tips and traps of combining money and budgeting with your partner. Each partnership has a different approach to how they go about this and having seen hundreds of different couples in their 30s, 40s and 50s, we have some insight into what can work and what can cause friction.
Subscribe to our Instagram @bouncefinancial: instagram.com/bouncefinancial Interested in financial advice? www.bouncefinancial.com.au
In this episode, Ben sits down with Michelle Lauf, a mortgage broker with JLH Finance to discuss lending. Ben and Michelle explore what a mortgage broker does and where they can add the most value. They also talk about how mortgage brokers get paid and why you would use a mortgage broker instead of going direct to your bank.
If you want to learn more, you can contact Michelle at:
•Website: https://www.jlhfinance.com.au/ •Instagram: https://www.instagram.com/jlhfinanceadvisory/ •Facebook: https://www.facebook.com/jlhfinanceadvisory/ •Linked In: https://www.linkedin.com/in/michelle-lauf-20a8477b/
In this episode, Cara speaks with Wendy Russell, Buyer's Agent. Wendy is a Brisbane and Sunshine Coast Buyer's Agent who helps professionals purchase properties to both live in and for investment. In this episode, Cara and Wendy discuss what a Buyer's Agent is, why you would consider using a Buyer's Agent and some of the things going on in the property world right now.
If you want to get in touch with Wendy, check her out at:
Website: www.wendyrussell.com.au Instagram: @_wendyrussell_ Facebook: @wendyrussellbuyersagent
In this episode, Ben speaks with Thomas Coussens, real estate extraordinaire with Wakely Properties. We get into the detail of how you go about picking a real estate agent including how they charge, how they should market your properties and some of the key things you need to understand before selling your property. If you are thinking about selling or even buying real estate, this podcast will help you to better understand the agent process.
Looking for a way to reach Thomas? Check him out here:
http://www.coussensrealestate.com.au https://www.facebook.com/thomascoussensproperty/ https://www.instagram.com/thomas_coussens/ https://www.linkedin.com/in/thomas-coussens-59244119/
This week, Ben and Cara from Bounce Financial explain how they think about setting up a budget (or cashflow plan) for their clients. Let's face it, budgets are boring. But if you're going to succeed with your money, you first need a plan on how you intend to spend it.
In this episode, Ben and Cara explain how most people go about this process in the wrong order leading to a budget that is quickly broken. They explain their views on the importance of lifestyle and why you need to prioritise this in your budget. Finally, they explain how you can automate your finances to ensure that keeping to your spending plan is far easier.
Budget Calculator Download: https://linktr.ee/bouncefinancial
In this episode, Cara interviews Lauren Robinson of Rental Results. Lauren has over 17 years of experience in the property management industry and is knowledgeable in all things investment properties. She is also the author of the book "Rented" where she helps to take the hard work and stress out of property management by explaining how you can develop an investor mindset, secure the most suitable tenants, create property appeal and manage your rent and legal responsibilities.
Property Management Checklist: https://bouncefinancial.workplace.datto.com/filelink/5f59c-2ed522bc-85d270c8e6-2 Vacant Property Checklist: https://bouncefinancial.workplace.datto.com/filelink/5f59c-2ed522c8-68222b6234-2
In this episode, Ben and Cara from Bounce Financial explain how they prepare financial plans for clients which factor in their current lifestyle, medium term plans and long term plans.
In this first episode of Money Chats, Ben and Cara introduce the podcast and Bounce Financial. Money Chats is the podcast that helps professional families navigating life's big financial transitions and interviews the experts you'll need along the way. In this episode, Ben and Cara explain who Bounce Financial are and how we help professional families to grow their wealth and happiness. They also go into detail about their own journey and how they as well, are trying to find a life that aligns with their values.