360 Money Matters

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

With the cost of living and interest rates skyrocketing, we need to strategically manage our cash flow and try to keep a lid on expenses. The 50/30/20 rule of thumb is a way to allocate your budget according to three categories: needs, wants, and financial goals.

It's not a hard-and-fast rule but rather a rough guideline to help you build a financially sound budget. To better understand how to apply the rule, how it works, and its limitations, tune in to this episode.

---

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:

• Cash flow management
• Introduction to 50, 30, 20 rule
• 50 - Needs
• 30 - Wants
• 20 - Financial Goals
• How to use and implement this rule
• The 360 Cash Flow Bootcamp

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 Matter Podcast!

If you have a surplus of money, what should you do? Pay off your mortgage or invest? Both can provide attractive options to help facilitate your wealth creation and retirement goals and each option has its benefits.

Today, we will talk about the things to consider when deciding on if you should pay down your mortgage or invest in the market. When helping formulate a strategy, we will frequently examine; the rate of interest, whether the mortgage is investment or owner occupied, current market circumstances and opportunities, as well as your personal preferences and risk tolerance.

Consult a financial advisor and a tax advisor to help determine what your strategy should be, but before you do that here is some good information for you!

–

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:

• Current investment market & interest rates
• Risk tolerance
• Offset accounts opposed to loan paydown
• Liquidity
• Importance of a long-term plan
• Cash flow management
• Strategy impact for younger wealth accumulators
• Importance of financial advice

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 Matter Podcast!

When talking about investments, our goal is to always get a good return. But when we invest ethically, investing becomes more than just getting a good ROI, but it is more on giving to others and to the world.

With all the concerns our society is facing today, especially on environmental issues, people are inspired to contribute in solving these problems. Everyone wants to make the world a better, more sustainable place. One way to contribute to this cause is through making ethical investments into companies that align with your own ethics. However, it's not that simple. You need to consider things such as, what is ethical for you, what's your investment preference, are you confident that your investment is truly going to the right causes, and so on.

The wealth of information available to us makes ethical investing less tricky. There is more awareness, access, and greater opportunities to ensure that you are investing in the right place for the right cause.

This is the conversation you should have with your advisor. For the meantime, let us start the conversation!

–

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 is Ethical Investment
• Having full visibility
• Fund managers
• Competing priorities
• The underlying cost
• Direct Investment

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 Matter Podcast!

October 25 saw the new federal government release their budget, and in this episode we're telling you everything you need to know about it.

We'll be discussing the outcomes of the budget, who is impacted and what to expect. Overall, we view the budget to be quite positive, as most of it aims to deliver support where it is needed in our economy. It's a well balanced budget Jim Calmers hands down his fist budget as treasurer of Australia.

Our goal is to inform you on the impact that this can have for you, for your family members, and for the country as a whole.

–

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:

• Downsizing contributions
• Self-managed superfunds
• Legislated tax cuts
• Gain in pharmaceutical benefits
• Paid parental leave scheme
• Child care subsidy
• Aged care sector
• First home buyer guarantee
• Housing projects
• Projected Budget deficit

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 Matter Podcast! Negative gearing is a strategy and concept that we have all probably heard of at some point. In this episode, we will examine this concept, discuss the strategy and help you make an informed decision if this is right for you.

At surface level, negative gearing can give you great benefits such as accumulating assets to build wealth, and obtain a tax deduction. We're diving deep in this episode to show you what's beyond the surface of this well-known, tax-effective strategy that people will usually resort to when they have a tax problem.

Negative gearing is a high-risk way of investing in property so it's important that you consider your overall situation and capacity to commit to this long-term strategy. Because if not handled correctly, it can be quite dangerous.

The safest way to go about this is really getting professional advice that is specifically for you!

–

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:

• Explaining negative gearing
• The main reason why people utilize this strategy
• From a cash flow perspective
• The impact of interest rates on negative gearing
• Expenses for the property
• Positively gearing by comparison
• The "must haves" for negatively gearing to be right for you

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 Matter Podcast! In our experience as financial advisors, we've heard people often say "I need 1 Million Dollars to retire". Well today, we're here to give you a clear answer on what you actually need in order to prepare for your retirement.

How much money do you need in retirement? The short answer, you need as much as you can get! Going into detail, it actually depends on your personal circumstances, your lifestyle, and ultimately, the retirement life you want to live. Know where you want to go first, before figuring out how to get there.

Today's episode tackles; the various sources of income, investing in a multitude of assets, superannuation, early retirement planning, and how to execute on all of these. The earlier you are aware of this conversation, the more prepared you can be for your retirement.

Begin planning now so you can enjoy a financially worry-free retirement life!

–

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 much you need - according to various sources

• Ensuring that you have enough money for retirement

• Options on how you can have to save up for your retirement

• Expenses in the earlier & later years of retirement

• The Baseline you should start with
• Where do your assets sit
• Superannuation
• Establishing another plan for early retirement
• Invest in a multitude of assets
• Putting your plan in place
• Your vision for your beneficiaries

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 Matter Podcast! For today's episode we will be discussing with you the RBA (Reserve Bank of Australia) increasing interest rates, the effect of it on those of us that have a mortgage and what are some of the things you can do to position yourself. So tune in now to get some ideas and strategies on how you can manage this.

This is a key time to examine your expenses and cash flow, create a budgeting plan, and implement many more timely things that can be effectively used in this period of uncertainty

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:

• The RBA rate increases
• Inflation as a key driver of decisions
• Impact of the cash rate decision to the interest you will pay
• Importance of a cash flow management and the budgeting plan
• The Cash flow management boot camp
• Importance of reviewing your interest rate

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 Matter Podcast!

In the previous episode, we shared the differences between passive and active investments. In this episode, we discuss what a recession is, how to prepare for one, and tips to help you get through it with as little financial impact as possible. With a recession and slowing GDP, your cash flow and budget are especially important during periods of negative economic growth. If you have a tight cash flow position, a recession will exacerbate the problem. How will that affect you and your family?

Make sure you're informed and prepared for a recession so you can identify issues before they arise, adjust your position and strategy to minimize the impact, and pivot quickly so you are ready!!!!

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 is recession
• Why a cash flow and banking strategy is imperative at this time
• Gross Domestic Product
• Having an emergency fund
• Taking advantage of market opportunities during a recession

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 Matter Podcast! For today's episode, we're mixing things up a bit and Billy and Andrew go head to head in a debate on what is a better investment approach: passive or active investments.

On the topic of investments, the first thing that usually comes to mind is the word "money". However, investing is more than just the funds you put in. It also requires you to invest time, effort, knowledge, and attention in managing your investments. Sounds easy right….. As long as you know which investments to choose.

Today we'll be debating Passive or Index Investment and Active Investment styles and the good, the bad and the ugly as well as their cost, diversification, required skill sets, status during market cycles, and track record of performance. Both have their own limitations and benefits but at the end of the day, it's more about finding the right blend for you.

Tune in to learn which of these investment strategies best fits you!

—-

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:

• Differentiating index and active investment
• Cost comparison
• Diversification
• The skill set and knowledge required in each strategy
• Determining where to invest your money during different market cycles
• Track record of the performance in index and active investments
• Warren Buffet: the greatest investor of all time
• Finding the right blend and approach for yourself

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 Matter Podcast! In the previous episode, we gave you updates on the investment market and the factors affecting it.

In this episode, we'll be sharing proven strategies to help you develop your cash flow management and budget strategy skills. It all begins with being realistic about your financial situation and expectations. From there, you'll be able to clearly see your income and expenses and reflect on how you can improve the way you handle your finances. We will talk about strategies such as setting a realistic budget, the bucketing strategy, reviewing and improving your structures and many more. These are all to help you become more confident with your money management.

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:

• The factors affecting the increase in cost of living
• The gateway to wealth creation
• Setting a realistic budget
• The bucketing strategy
• 2 Key buckets that you should have in your cash flow strategy
• Keeping your expenditure in line with your income increase
• How often you should review your structure
• Becoming more confident with your money management
• Things to do to help maximize your budget and cash flow
• Budget Fatigue
• Separate Savings account
• Finding the balance between budgeting and living

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

Google Podcast