360 Money Matters

Hello and welcome back to the 360 Money Matters podcast! For many, taking the first step into receiving financial advice can be a bit of a daunting step into the unknown for many. However, when that step is finally taken the advice process will very frequently uncover the need for good quality advice that is beyond the initial client instructions.

For this episode we will discuss a client scenario, the initial push for the clients to come and receive advice, and how a little bit of unpacking resulted in the scope of the advice altering dramatically.

Hopefully, this inspires you to go out there and seek advice from a financial planner to secure your future!

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Pat's introduction to financial planning

• The initial client instructions around retirement income

• Understanding the client's circumstances and the real advice needs beyond the initial request

• Managing debt and expenses

• Determining appropriate cover and risk mitigation

• Developing the retirement income strategy

• The impact of advice on their business and lifestyle

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360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! For many people income is not as simple as earning a regular salary. For many that earn commissions, are self employed or do seasonal work, income can be sporadic and irregular. While credit is a simple method of managing this cashflow, this can have many detrimental implications moving forward.

In this episode, we'll be discussing how you can best allocate, save, and maximise your money with inconsistent income. No matter if you're a seasonal worker or work on commission, we will share the tips, hints and tricks to apportion and manage your income in the most effective way possible.

If you're unsure about how to do that, then this episode is for you!

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Why you should avoid taking on credit

• Savings buffers

• Paying yourself a regular income

• Breaking the "the more we earn, the more we spend" mindset

• Bucketing Strategies

• Paying fixed expenses with fixed income & lifestyle expenses with irregular income

• Implementing a system and sticking to it

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! If you're tuning in, chances are you're interested in investing and creating wealth– one such method to increase your wealth is through property investment. When the property increases in value beyond what we have as a loan, this is what we can call 'equity'.

In this episode, we'll be talking about what equity is, how we can build it, and what we can do with it– like building out property portfolios, diversifying and increasing our wealth outside of the property, etc. While there are many different ways we can build equity, there are also many different ways we can leverage equity to work in our favour to build even more wealth.

So don't be afraid to hop in and find out how you can best leverage your equity!

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• What is Equity

• Ways to Create Equity

• Calculating the equity in your property

• 80% LVR and extending above this

• Can you always access your equity?

• Using equity to purchase property or other investments

• Risk of using equity & risk mitigation strategies

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Whether you're a first-time investor or have plenty of experience, it is very easy for emotions and fear to get the better of you and for rational decisions to be blinded by emotion.

In this episode, we'll be turning a little more towards the psychology of investing, where we discuss the importance of continuing the course and blocking out all the unnecessary noise. We will discuss various strategies to combat making emotional investment decisions and help ensure that you are making rational decisions with your money.

So be sure to join in on the conversation as we talk about how you can overcome your investment fears!

"Be fearful when others are greedy, and greedy when others are fearful." - Warren Buffett

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Impact of emotionally buying and selling
• Know Your Strategy and Stick To It
• Upsides to Dollar Cost Averaging
• Expecting that losses will occur
• Make long term investment decisions
• Block out the noise and make rational choices
• Set your expectations from the beginning
• Invest in an Advisor that can look at things more rationally

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Oftentimes, general insurance is overlooked and the priority is to get the cheapest possible rates and get the best deal for the price. However, when assessing a general insurance plan or strategy, the primary driver should always be the quality and conditions in the cover, with a secondary consideration placed on the cost of cover.

Joining us today to shed some more light on the world of general insurance is Brenton Oviss. Benton is from Howden Insurance Brokers and has worked with us and many of our clients in the past. Brenton discusses how each business and individual is different– and as such, each plan around general insurance should be personalized. Without a good insurance broker, we can find ourselves overpaying for cover, or risk not having the desired level of cover in the event of a claim.

So be sure to join in on the conversation as we talk about striking just the right balance between a quality plan and premiums!

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• What to consider in choosing an insurance plan.

• Building the financial team around you.

• Types of general insurance products.

• Finding the balance between the excess and premium.

• Insurance renewal/review process.

• Deciding on the right amount of insurance cover.

• Benefits of a general insurance broker vs direct provider.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! If you're looking to expand and grow your wealth in a more aggressive manner, exploring the concept of a Margin Loan can be a potential solution for this.

We've spoken before about how you can use debt to invest. In this episode, we're going to delve deeper into margin loans and how it can be used to magnify your gains. In addition, with margin loans being considered as a high-risk investment, we will also share strategies to mitigate that risk, alongside other important factors you should consider before applying for one.

When executed right, margin loans can serve to be an advantageous tool for your investments. But with potential reward comes additional risks, so make sure to tune into this episode so you can make the best-informed decisions for your investment plans.

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• What a margin loan is.

• What are margin calls?

• Different features of margin loans.

• Benefits of margin lending.

• Potential risks of margin loans.

• Risk mitigation strategies for margin loans.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Saving is no easy task. Especially in our current day and age that encourages high consumerist lifestyles and an economy where many individuals and families are drowning in debt. The traditional solution would be to keep working hard, but the idea of carrying on in the workforce well beyond our 60s isn't a future not many of us want.

Today's topic is about a financial movement that's been gaining traction over the past few years called Financial Independence, Retire Early, or the FIRE Movement. We will discuss in detail the philosophies behind the movement, how you can start saving and investing early, and how simple living can be a stepping stone towards helping you achieve your desired income lifestyle.

If you're looking for an effective and extreme strategy to achieve financial independence before you reach your 60s, give this episode a listen and see if FIRE's strategy is the one for you. This is a strategy that can be followed to its fullest extent or take the elements that resonate most with you. Stay tuned!

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• The premise of the FIRE Movement.

• Changing your lifestyle to cut expenses.

• Aim to save 70% of your earnings.

• The FIRE Movement's investment philosophy.

• Conscious vs. Unconscious spending.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! We have spoken a great deal about the power of investing. However when done correctly and managed appropriately, supercharging your wealth creation is possible, with the power of debt.

In this episode, we will discuss powerful strategies that will enable you to invest using debt in the correct manner. Additionally, we will go into detail into what considerations and strategies that you should deploy in order to mitigate your risk when doing so.

Debt doesn't have to remain as a constant looming reminder on your finances. With the proper strategy and understanding, you can leverage the power of debt to create accelerate your investment strategy and propel forward your wealth creation.

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• The different types of debt.

• The benefits and opportunities of using debt.

• Big considerations from a risk mitigation perspective.

• Understanding the different options when choosing a debt product.

• How to limit the risks when embarking on a strategy such as this.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Not paying taxes is always an exciting concept. Today we are fighting Australia's War on Tax and showing you how you can create massive tax savings for you and your beneficiaries?

Superannuation has been the dominating topic of this podcast for the past few weeks. But for this episode, we're going to take a different approach to the topic by discussing a highly beneficial tax strategy inside superannuation so you can not only pay less tax but also avoid what we'd like to call "The Death Tax."

By executing on this strategy, you are not only protecting your future, but also the futures of your beneficiaries for when they eventually inherit your superannuation balance. Stay tuned!

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• The Re-contribution Strategy and how it works.

• How to swap around the taxable component in your super to tax-free.

• How to save tax on both your personal income and future beneficiaries.

• The benefits and limitations of this strategy.

• Three important considerations.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Continuing from our previous episode's discussion on superannuation and getting money into it, we'd like to share some big news that is happening in the superannuation environment.

In this episode, we will be going over the six significant changes coming to superannuation and what these mean for you moving forward. In addition, we will also talk about how these changes lower some of the barriers to entry and offer more flexibility for your retirement strategies.

We're very excited to talk about why these changes are a step in the right direction to help you drive wealth creation even in retirement so make sure to tune in!

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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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Removal of the Work Test for ages 67-74.

• Lowering the age restriction for the downsize contribution.

• Opening the "Bring Forward Rule" for people up to age 74.

• Removing the minimum earnings requirement for your employer's super contribution.

• Increase in the minimum employer contributions towards super.

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

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