Money Over 50

How much would you spend on a pair of pyjamas? In this episode, Dallas confesses to Michael a moral dilemma about buying himself a lavish new pair of pyjamas, and whether the comfort they provide him in bed make up for the uncomfortable feeling of parting with his hard-earned cash. For more information, please visit www.mo50.com.au

From the Russian invasion of Ukraine, to the ongoing Covid-19 pandemic, to the steep spike in inflation – these are uncertain times. But then, are times ever certain? In this episode, Dallas and Michael discuss the difference between looking at headlines and looking at history, and how it impacts your financial decisions. For more information, please visit www.mo50.com.au

How does your cash dictate your behaviour? What is the amount that you are not willing to go under when it comes to your bank balance? Is it $100 or $100,000? Michael and Dallas discuss why knowing this very specific number is important, and how it can change your financial outlook and behaviour. For more information, please visit www.mo50.com.au

Michael and Dallas spend a lot of time discussing a variety of topics, not just in this podcast, but with (and for) their clients, too.  In this episode, find out why discussions about trade-offs are the most intriguing to our financial experts, as well as to our clients! For more information, please visit www.mo50.com.au

Have you ever met a millionaire? If so, what were your perceptions? Were they nice? Do you think they ripped people off to get to the position they’re in now? In this episode, Michael and Dallas discuss perceptions of money and millionaires, and how to respond when you get asked to attend the lavish wedding of your second cousin’s daughter’s wedding in Fiji (unless you have unlimited time and mone...

Are you neglecting yourself lately? Maybe it’s time to stop. We’re not talking about self-care – facials, massages, holidays … although if that’s your thing, nobody is going to stop you. We’re talking specifically about giving money to adult children, and how it may be impacting you negatively if you choose to do this. In this episode, Michael and Dallas discuss clients who give money (or food, or...

Aren’t shares risky? What if my money disappears? What if markets crash or companies go bankrupt? These are some of the questions we get from clients, listeners, friends and family. Today’s episode is dedicated to the sharemarket, and Michael and Dallas ask: Do you have any idea how long shares have been around for? Tune in to find out, and to learn about the first-ever publicly listed company. Fo...

Did you know that in 1925, Woolworths had just five supermarkets? Fast forward almost 100 years and they have over a thousand. Because of this, the price of their shares has gone up. But company expansion isn’t the only reason for increasing share prices. There are four reasons why share prices are always increasing. In this episode, Michael and Dallas discuss what the four reasons are, and how th...

Imagine you’re being chauffeured across the French countryside, and you’re biting into a freshly baked, crusty white baguette. Now add some Brie cheese … and pair it with a glass of local wine – the type that makes you want to swirl your glass around and breathe in deeply. Are your eyes closed in pure joy yet? We love the way that a lot of French people live their lives, enjoying the simple things...

If you were to draw a line representing the day you retire, how would the space before it and after it look? How would your feelings towards your super balance, cash and investments differ before and after this event?  In this episode, Michael and Dallas discuss why the first year of your retirement always feels the most volatile, and what you can do when you reach this significant milestone.  For...

When Michael visited China with his mother and met a hundred-year-old farmer, he had no idea that they would end up discussing economics. Then again, given Michael’s line of work, we shouldn’t be all that surprised that’s where the conversation headed! The farmer had some interesting points about communism and why, in his opinion, it’s good in theory but not practice. In this episode, Michael and...

Have you ever looked out over a city skyline and got lost in thought about all the houses in the distance, wondering what the people inside are doing, and thinking how each night the city looks so peaceful and calm and yet the following morning those people will be up and about getting on with their daily lives again? This was the case for Dallas last week when he went up to Castle Hill in Townsvi...

What makes prices fluctuate? Why is petrol so expensive right now? Do companies ever run out of shares? Why do some countries ration supplies? In this episode, Dallas and Michael answer all of these questions and more, looking at the impact that supply and demand has on our everyday lives. For more information, please visit www.mo50.com.au

Do you own a commercial property, or thought about using the incoming rent from one when you retire? While rentals can bring in a good income, there’s a big difference between commercial and residential rental income. And it’s important to know how that difference will affect you once you have retired. In this episode, Dallas and Michael discuss drawing an income from rent during retirement, and w...

Sometimes, you need to put your happiness before your job. Easier said than done, right? But if you’re close to retirement and you’re extremely unhappy in your job, perhaps it’s time to let it go. But how do you make that call, and how do you know if you’ll have enough money to retire with? In this episode, Dallas and Michael discuss why money isn’t everything (yes, they are still financial advise...

We need to talk. That sounds a little awkward, doesn’t it?  If you have a partner and you want to have a discussion about your finances, perhaps start with a slightly less scary phrase! That said, it can still be a very difficult topic to approach with your partner, especially if they think they have everything under control and are used to taking care of the financial side of things. But could it...

What does MC Hammer and your superannuation have in common? You guessed it – you can’t touch either of them!   Well, that is, until you are of retirement age. In this episode, Dallas and Michael will not only get a catchy song in your head, they’ll also discuss why not being able to touch your superannuation is an advantage rather than a hindrance.    For more information, please visit www.mo50.co...

Do you have a financial adviser or a financial salesperson? And what exactly is a chameleon adviser?   In this episode, Michael and Dallas discuss what chameleon advisers do and why you should avoid them. Who is actually telling you the truth and giving you good advice when it comes to your money?   For more information, please visit www.mo50.com.au

Tax evasion or tax minimisation – what’s the difference? According to Kerry Packer’s famous speech during a parliamentary hearing, a lot. And if you’re not trying to minimise your tax, there might even be something wrong with you, according to Packer.   In this episode Michael and Dallas discuss the difference between the two, and why you should be trying to do one of them (hint: it’s not the ille...

In this episode Dallas and Michael visit why it is important to Diversify. By diversifying we mean spreading your eggs in more than one basket!  Michael and Dallas discuss the benefits of investing your money in the market, ensuring it is well spread across the top major companies, hence minimising potential losses, whilst still making returns.      For more information, please visit www.mo50.com....

It’s easy to see retirement and work as being black and white – you’re either working or you’re not. But when you retire, things don’t have to be that way.    In this episode Dallas and Michael discuss why working during your retirement can be a good thing, how to balance it, and some things you could do to earn money that you may have never considered before.   For more information, please visit...

How much can you REALLY work during retirement without paying a cent in tax?   Many people know that their account-based pension is a tax-free income. But you can also earn a significant amount of money by working part time to boost your bank balance once you’ve retired. In this episode, Dallas and Michael respond to a listener's question and discuss SAPTO (Seniors and Pensioners Tax Offset), supe...

Jerry Seinfeld is a hero when it comes to comedy. In our eyes, he can do no wrong! But when it comes to stocks, his strategy on the show is slightly more like gambling than investing …    In this episode, Dallas and Michael discuss how you can be smarter than Jerry when you invest, and why a diversified portfolio is less volatile than a term deposit. For more information, please visit www.mo50.com...

If you had a choice between going out for a nice dinner once a week and having a new car every three years, which would you choose? What about if you had to choose between going on a three-month holiday around the world and getting a full renovation on your house, including brand new furniture? In this episode, Dallas and Michael discuss how you can use your money as a medium to buy possessions or...

You may earn a ton of cash and still be broke in retirement. How is that possible? Well, your retirement wealth depends not just on the money you make, but on how you transfer those hard-earned bucks into experiences and possessions.   People have different ways of viewing money. But money is simply a “medium for transferring work and enterprise into possessions and experiences”. In this episode,...