360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss tips for managing Christmas spending. We emphasize the importance of setting a budget to avoid overspending, as well as saving throughout the year specifically for Christmas expenses. We recommend avoiding credit card debt by not relying on credit for purchases. Other tips include shopping early, taking...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss a listener's query regarding factors to consider while contemplating superannuation at a young age. We emphasize that starting early and making small extra contributions regularly can make a huge difference. Additionally, we clarify that a superannuation trust provides tax benefits and compound returns o...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss how important buy-sell agreements are for partners in businesses. We emphasize that these agreements are essential for settling potential disputes about the transfer of shares in the event that one partner dies or becomes unable to work. This includes legal issues, appraisal techniques, funding sources,...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed the transition to retirement strategy. Originally designed to be able to allow people to access their superannuation whilst not fully retired. However for those over 60 and still working, utlising this to save money on tax can be a very effective strategy. Additionally, since many people are not aware...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we explore the utilization of superannuation to purchase property within a self-managed superannuation fund. We place strong emphasis on the importance of diversification when investing in property through superannuation funds. Placing all retirement income into a single asset class exposes individuals to significa...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we are joined by our guest, Bruce Williams, a portfolio manager and co-founder of Elston. We explore various topics related to the economy, inflation, interest rates, and their impact on different demographics. Bruce explains that inflation is proving to be stickier than expected, and he suggests that interest rate...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we talked about retirement. We stress that, unlike an abrupt event, retirement is a transition, with most people progressively cutting back on their work hours before officially retiring. The sum of money required for retirement varies depending on your lifestyle and circumstances. We have some 'rules of thumb' tha...

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly 'Market Wrap' segment. In this episode, we are going to talk about economic data that has come out. We start off with conflicting economic data coming out of the US and how it has affected the stock market. We'll also talk about the Chinese property market as well as rising oil prices and the resul...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed how to legally minimize your taxes. We mentioned the complexity of Australia's tax code and how you can utilise this to help bring down the amount of tax that you are paying. We'll discuss things like; additional super contributions, negative gearing, franking credits and many more things that you can...

Welcome back to another episode of the 360 Money Matters Podcast!    In this episode, we discussed investing in shares or taking those funds and investing it in property. Each asset class has its own benefits and there is no one size fits all. It's important to consider the benefits of each investment type in order to leverage these benefits in your own wealth creation strategy. This will vary bas...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss investing and how to overcome the anxiety and trepidation that come with it. We answer a question from a listener who wants to start investing but is unsure where to begin and had some fear in taking this next step. We emphasize the importance of education and understanding various investment options. Th...

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly 'Market Wrap' segment. In this episode, we discussed the performance of share markets both domestically as well as internationally. Furthermore, we will discuss the likelihood of avoiding a recession and the 'soft landing' scenario. Given the strong trade agreements between China and the Australia,...

Welcome back to another episode of the 360 Money Matters Podcast!    In this episode, we will discuss the outlook for interest rates. Here we point out that interest rates have been held steady for the past two months, which has caused some people to wonder if they may decrease. In this episode, we will talk about the mechanisms that impact interest rates as well as what the likely outlook will be...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed debt recycling, a method of turning owner-occupied debt that is not deductible into deductible debt in order to pay off your mortgage quicker. By withdrawing equity from a property and using it for investments, debt can be transformed. The debt that is not deductible is subsequently paid off with the i...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed whether to pay down debt or invest surplus money. We highlighted that with higher interest rates, people are paying more attention to their debts and also their cash flow. In turn, people are questioning whether they should be putting more money towards these debts or if they should be putting money to...

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly 'Market Wrap' segment. In this podcast episode, we discussed what has been happening in financial markets over the last 12 months. We mentioned that both the US and European Central Banks have raised rates, however signaling a possible end to rate hikes in the US. Additionally, we touched on inflat...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we are celebrating reaching our 100th episode. Therefore, we will be discussing a high level summary of how you can get your finances back on track. We will emphasize the need for a solid cash flow plan to ensure financial stability and highlight how it underlies all other aspects of financial planning. Additionall...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we talked about getting into your first property. We provided a checklist for first home buyers, emphasizing the importance of doing thorough research, knowing the process of buying a property, and getting a pre-approval before looking at properties and much more! This episode will arm first home buyers and anyone...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss asset protection and the importance of early planning to shield assets from potential creditors. We explore strategies such as separating personal and business assets, using trust structures, considering different ownership entities, and even transferring assets to a partner's name for added protection....

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, the topic is born out of a question that was asked by one of our listeners. A listener had reached out and wanted to know what they could do early in their wealth journey to set themselves up financially. It can sometimes feel like you need to be earning a lot of money or already have a lot of money before you star...

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly 'Market Wrap' segment. In this episode, we will be discussing what has been happening with financial markets. We start off by examining the current state of the US economy, noting mixed data but a strong job market. There is increasing confidence among economists that a soft landing is possible to...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we talked about the things we wish we knew in our younger years, starting with finances and health. These two aspects are quite correlated because if you get your health right, you'll never have to worry about spending a bunch of money on correcting bad habits later on. It's important to be aware that healthcare is...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we will discuss setting yourself up for success in the new financial year. The first topic we will dive into is reviewing your budget as it's an integral part to getting on top of your finances. It's crucial to ensure that your budget is as accurate as possible and reflects your own spending habits and also include...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we will discuss the foundation of financial success and what it takes to achieve it. To achieve financial success, the building blocks are money management and understanding financial literacy. We also cover the importance of having a cash flow management system in place, which relieves the burden of constantly wor...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode we have a special co-host Patrick Nong - Financial Adviser and Partner at 360 Financial Strategists.. We discuss the delicate balance between debt repayments vs wealth accumulation for retirement. We explore various strategies, such as increased superannuation investments, increased debt repayment and stress testing...