360 Money Matters

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...

Welcome back to another episode of the 360 Money Matters Podcast!  As parents, ensuring a bright and secure future for our children is paramount, and effective financial planning plays a pivotal role in achieving that goal. By strategically managing our finances, setting clear objectives, and making informed investment decisions, we can provide our children with a solid foundation and opportunitie...

Welcome back to another episode of the 360 Money Matters Podcast!  When investing in shares, individuals have the opportunity to participate in the potential growth and profitability of the companies they invest in which gives them access to potential capital appreciation of the share price and income through dividends. In this episode, we explore the concept of share ownership and discuss how sha...

Welcome back to another episode of the 360 Money Matters Podcast!  In this 'Market Wrap' episode, we'll explore a wide range of topics, including interest rate hikes, inflation numbers, banking sector volatility, unemployment rates, property prices, and the impact of the federal budget on investment markets. Together, we'll gain insights into market behavior both domestically and internationally....

Welcome back to another episode of the 360 Money Matters Podcast!  When it comes to buying an investment property, there are crucial factors to consider. In this episode, we delve into these considerations. With a focus on the current Australian interest rate environment, we emphasize the significance of aligning property purchases with long-term strategies. We discuss topics such as financial app...

Welcome back to another episode of the 360 Money Matters Podcast!  The end of Financial Year is always a busy time where there are a lot of things happening. One of the things that are inadvertently on your mind during this period are taxes. In this episode of the podcast we want to help you get prepared early with maximizing your tax position. We will run through some of the more impactful things...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we'll demystify what a financial adviser does and discuss the process of getting advice, which involves an initial clarity call to discuss your circumstances. We'll also delve into the importance of seeking financial advice during changing circumstances and dispel myths about its value. At the end of the day, a goo...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode we will provide a comprehensive analysis of recent activities in the financial markets, primarily in Australia. We will delve into the Federal Reserve's decision to raise rates by 0.25 basis points and the Reserve Bank of Australia's pause on interest rate increases, both of which have significant implications for i...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode we will discuss the "fixed rate cliff" for mortgage interest rates in Australia, which has left many homeowners facing significant increases in their repayments as they switch to variable rates. We will also discuss strategies for managing the resulting cash flow pressure, including resetting the loan term, making a...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we will explore the retirement savings system in Australia, commonly referred to as superannuation. We will discuss the significant impact of compound interest on long-term savings and investment growth, as well as the main benefit the superannuation provides.  Throughout this episode, we will discuss what you shou...

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss debt recycling strategies. Debt recycling involves converting your debt from 'bad' debt (non tax deductible) to 'good' debt (tax deductible). This strategy can help put more money in your pocket as opposed to paying it to the tax office and additionally will result in paying off your home loan faster. 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 will discuss the collapse of Silicon Valley Bank, the second-largest collapse in American banking history. We'll also talk about how this links to the fall of Credit Suisse which generated fears of a future banking crisis. We will also address the increasi...

Welcome back to another episode of the 360 Money Matters Podcast!   In this episode, we will discuss franking credits - how it works, the tax benefits, as well as its advantages for creating passive income. We highlight the tools used to optimize and maximize opportunities, including the concessional environment and preservation rules. We discuss how passive income associated with a particular sto...

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we will offer some practical tips for managing the increasing interest rates on mortgages. We explore some options for you to consider with your existing lender, negotiating the interest rates they offer you as well as what to look for when comparing rates with lenders.  We also offer potential options for those str...

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we deliver another market update as we talk about the most recent market and economic developments both locally and around the world. We discuss how inflation is affecting households and businesses, consumers, and the stock market. We cover off on the most current US PCE data, Australian inflation numbers from Febru...

Welcome back to another episode of the 360 Money Matters Podcast!   Today, we are joined by Rommie Shushtin, a residential property valuer from PRP Valuers. We talk about how property valuers will determine an accurate valuation of your property and some of the different methodologies that can be used. Rommie also shares tips on keeping track of market trends, and how you can maximise the value of...

Welcome back to another episode of the 360 Money Matters Podcast!   Today, we will be talking all about Capital Gains Tax. We will provide you with tips on how to calculate your CGT and the steps on how you can legally minimize it.    Capital Gains Tax is the tax paid on the profit you made by the rise in your asset value. The CGT is applicable to any asset sold for a gain such as property investm...

Welcome back to another episode of the 360 Money Matters Podcast!   In Australia, school fees have recently risen dramatically. The total cost for 13 years of schooling amounts to $102,807 if you are planning to send your child to a Victorian government school. Cost will only be higher if you are planning to send your child to a private school.    Today, we are joined by Amy Parsons, Business Deve...

Welcome back to another episode of the 360 Money Matters Podcast! In this new monthly segment, we talk about the recent developments in the Australian and worldwide markets and how this is likely to impact your financial situation. It's designed to be short and impactful with the monthly finance highlights.  Today we will be discussing the share market rallies, central bank policy around the world...

Welcome back to another episode of the 360 Money Matters Podcast!   Did you know that starting your financial journey as early as now can provide you with financial stability in the long run?   In this episode, we talk about investing and compounding to afford the luxury of financial freedom in your 30s. We discuss money habits and management, building your financial base, and other financial do's...

Welcome back to another episode of the 360 Money Matters Podcast! The downsizer contribution strategy is a great strategy for a selected group of people. The downsizer contribution is exactly what it sounds like, downsizing your family home.  In this episode, we talk about utilizing the money you release from selling your family home and putting that money into superannuation. We discuss the in's...

Welcome back to another episode of the 360 Money Matters Podcast! It's another year, another chapter of our lives, and another opportunity for new goals. One of the goals that we should be considering and looking forward to in 2023 is our financial goals and how we manage them. In this episode, we talk about what you need to do in 2023, to set yourself up financially. With inflation increasing and...

Welcome back to another episode of the 360 Money Matters Podcast! The Real Estate Market is something that is usually always a talking point. However, at this moment in time, there is even more chatter than usual! In this episode, we discuss the real estate market with Golan Flamm, one of the top-rated real estate agents in Australia and one of the Directors at Hodges Caulfield.  In this episode,...

Welcome back to another episode of the 360 Money Matters Podcast! Rentvesting has been growing in popularity lately as investors are being more savvy in their investments. In this episode, we will dive deep on rentvesting, its benefits, disadvantages, and things to consider if you are looking at this option.  Listen to this episode to learn more about renting where you live and buying investment p...

Welcome back to another episode of the 360 Money Matters Podcast! Amidst rising interest rates, refinancing seems to be a good move to decrease your mortgage. But is it really all it's cracked up to be? What is the great refining trap? Have a listen to find out!! In this episode, we discuss the things you need to know before you consider refinancing. We'll give you tips on how to decrease your hom...