360 Money Matters

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 includes your debt obligations, as debt repayments have become increasingly bigger consideration these days. When you are in debt, make sure to have a competitive interest rate, as it can make a significant difference over the life of the loan. Additionally, in the financial world, it is important to set goals for the future, figure out what you need to do, and optimize your position to be well-prepared for another financial year.

Don't miss out on valuable opportunities to improve your financial position. Start now and set yourself up for success!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Review you budget

• Debt management

• Competitive interest rates

• Investment strategy

• Insurance

• Emergency funds

• Employment occupation status

• Post tax or non concessional caps

Connect with Billy and Andrew!

360 Financial Strategists

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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 worrying about managing your expenses. By adhering to a budget plan and limiting your spending, you can establish an emergency cash fund and avoid accumulating debt or needing to take out a loan.

Make sure you set yourself up with solid foundations, so you can build your wealth up higher and higher.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Spending less than you earn

• Cash flow management system

• Having an emergency account

• About debit

• Having a budget

• Insurance protection plan

• Deposit plus stamp duty

• Retirement income

Connect with Billy and Andrew!

360 Financial Strategists

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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 retirement income projections. We also touch upon the human element in financial decision-making, including differing priorities between partners and the influence of behavioral finance.

Tune in now and learn how to balance debt, grow wealth for retirement, and navigate the complexities of financial decision-making.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Debt and retirement planning

• Balancing the art and science of financial advising

• Retirement income planning

• Creating options for clients

• Importance of addressing financial planning early

• Navigating trade-offs and psychological considerations

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode 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 retirement income projections. We also touch upon the human element in financial decision-making, including differing priorities between partners and the influence of behavioral finance.

Tune in now and learn how to balance debt, grow wealth for retirement, and navigate the complexities of financial decision-making.

–

This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Debt and retirement planning

• Balancing the art and science of financial advising

• Retirement income planning

• Creating options for clients

• Importance of addressing financial planning early

• Navigating trade-offs and psychological considerations

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

Google Podcast

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 opportunities for their future success.

In this episode, we explore a specific client's scenario where their goal is to provide their child with a substantial sum of money upon securing full-time employment, assisting in funding a house deposit. This family places great emphasis on the need for liquidity, as they value the flexibility to access their funds in case of unforeseen circumstances. However, it is crucial to consider the potential tax consequences of gifting such a significant amount. We also discuss the tax implications that can arise in this situation.

Learn how you can help your children get into property investing and give them a financial head start!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• How to setup your children for life

• How the family wanted their investments to be liquid, allowing them to access the money in case of any changes in their circumstances.

• About the other strategies that we had discounted as part of the approach

• Tax consequences

• The power of compound interest

• Tax considerations

Connect with Billy and Andrew!

360 Financial Strategists

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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 share prices are influenced by various factors, which investors analyze to anticipate future share price movements. We also cover off on the benefits of what share ownership offers, including wealth creation through capital appreciation and income through the form of dividends.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Investing in shares

• Anticipating share price movements

• Distribution of profits

• Property analogy

• Franking credits

• Capital gain tax

• Things to consider when investing in shares

• Dividend reinvestment

Connect with Billy and Andrew!

360 Financial Strategists

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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. Amidst uncertainties like increasing interest rates and housing supply issues, certain properties continue to show competitiveness, signaling stable activity levels. Let's delve into these important financial discussions.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Financial market in the US banking sector

• The Chinese share market

• Australian Interest rates rise again!

• Australian Share Market

• Federal budget

• The impact of increasing immigration, strong demand for property prices, and interest rates in Australian property market

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

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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 approval, mortgage insurance, ownership structures, and seeking professional advice from accountants and financial advisors.

Additionally, we touch upon key considerations like legal compliance, expert guidance, cash flow management, and risk mitigation strategies. Join us as we explore the essential aspects of property transactions and uncover the best practices for making informed decisions.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Investment property and wealth creation

• Steps towards investment property

• Ownership structures and professional advice

• Risk mitigation strategies and emotional detachment

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

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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 that you can do to reduce your tax effectively and legally.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Recap on the tax effectiveness

• Government co contributions

• Spouse contributions to super

• How do we get more money into superannuation and why

• Recontribution strategy

• Expense timing

• Planning for future years

• Budgeting and cash flow planning

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

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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 good financial plan begins with cash flow management but ultimately should align with your unique goals.

So, if you're looking to make better decisions with your money, consider reaching out to a financial advisor and starting the conversation today. Thanks for tuning in, and we'll catch you on the next episode of the 360 Money Matters podcast.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• What financial advisors do

• The process of getting financial advice

• Importance of seeking financial advice during changing circumstances

• Cost barriers to seeking financial advice

• Dispelling myths about the value of financial advice

• Cash flow management as the beginning of a good financial plan

• Importance of aligning the financial plan with the client's unique goals

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

Google Podcast