360 Money Matters

Hello and welcome back to the 360 Money Matters podcast! In one of our previous episodes, we talked all about superannuation and how it can contribute to your long-term wealth creation. In Australia, superannuation is one of the best tax opportunities you can get and provides you with an income stream once you retire.

In this episode, we'll expand more on this topic, specifically on superannuation contributions and why you should do it. There are a variety of ways you can contribute to your superannuation and how you can maximize your contributions to tie into your broader wealth creation strategy. We will also dive into the intricacies of super contributions including how to navigate them around the complexities of the tax environment.

We hope this episode will give you all more insight on superannuation, its limitations, and opportunities to contribute money to it in a manner that is effective and efficient for your financial situation. 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 three main things about superannuation contributions.

• Forms of Concessional contributions and Non-concessional contributions.

• Limits to Non-concessional contributions.

• Downsizer contributions and Government co-contributions.

• Limitations around the pension-balance transfer cap.

• Why you should take advantage of spouse splitting inside super.

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360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! If you've ever had experience in investing, you may have heard things like, "Buy low, sell high" Or "Be fearful when others are greedy and be greedy when others are fearful". Those are all sound strategies but the truth is no one can ever know for certain when the right time is to invest. The idea and concept of investing are completely different from actually executing it during a time when markets have become more volatile.

This week, we'll be discussing what's been currently happening in the investment markets – specifically in the Australian and US share market. We'll be tackling specific topics such as inflation, increasing interest rates, the psychology of the investment journey, market volatility, as well as strategies that will help you avoid making the wrong investment decisions during more volatile investment markets.

Getting caught up in the analysis paralysis of the investment market can stop you from getting far. But by having the right strategy and constantly reviewing it, you can give yourself every opportunity to make as much as you can with as minimal risk as possible. Stay tuned to this episode!

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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:

• Inflation and its impact on the market.

• The massive hype behind technology stocks overseas.

• Facebook missing its latest earnings target and what it means.

• Important strategies to consider when investing.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Property is one of the world's largest asset classes; your house probably is the most valuable asset you can own. And with property being a tangible asset whose value increases over time, this makes it a very attractive and lucrative market for people to safely invest in for the long term.

This week's episode serves as a masterclass on how you can facilitate getting into the property market, strategies to effectively go about purchasing a property, obstacles to consider for first-time buyers, and key areas that you need to understand when looking into purchasing a property.

Properties are a great way to diversify your portfolio and grow your wealth, so whether you're a first-time buyer or an experienced property investor, we hope this episode will help you gain a clearer understanding of the property market. 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:

• Hurdles for first-time property buyers.

• The loan-to-value ratio (LVR).

• Paying for mortgage insurance.

• How household income comes into play.

• Always get a pre-approval.

• Taking advantage of tax savings to get into the market.

• The first home loan deposit scheme.

• What makes property unique as an asset class.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Oftentimes when we see people addressing their financial planning strategy, they address it on an individual basis whether it be trying to get their estate in order or looking for avenues to generate passive income. But in reality, there are a lot of moving parts that have bearing on one another, which can make things complicated.

In this episode, we'll be talking about the six key elements of the financial planning process. We'll be touching upon areas of advice and take a step back to look over the entire process in order to provide a deeper insight of what we usually go over with our clients.

We hope this episode will bring a greater understanding of the value financial planners brings to you as we aim to facilitate the financial planning process and make it easier for all our clients to get their desired financial 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 and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Ask yourself what your end goals are.

• How to identify and maximise your surplus income.

• Managing your debt to facilitate wealth creation.

• Determining your investment strategy.

• Avenues of risk mitigation strategies.

• The responsibility of planning your estate.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! A new year means a new financial plan. The beginning of the year is the most opportune time to reflect back on the last twelve months and review all of your financial goals.

Wiith the holidays being a financial drain for many of us, we talk about how you can avoid "The Christmas Hangover" to stay on top of your spending and if you have overspent, how to rectify the situation. In this episode, we discuss how you can get started on making a new budget for the upcoming year while planning around achieving your short and long-term financial goals.

By carrying this knowledge forward into the new year, you can make financial planning easier and set yourself up for a financially fruitful 2022 so make sure not to miss out on this episode!

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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:

• Reflecting on previous and future achievements.

• Explaining "The Christmas Hangover" and how you can avoid this.

• Establishing your budget and cash flow for the year.

• How often and when you should review your budget.

• How to convert your budget into short-term and long-term financial goals.

• Determine what can prevent you from meeting your goals and accounting for it.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! We're wrapping up the final episode of 2021 by returning back to the topic of investment, particularly, on the two main investment styles: active and passive investments.

In this episode, we discuss the general differences between the two types and the strong investment principles behind them. Both camps carry their own unique intricacies that bring value to the table, but with a well-rounded investment strategy, you can take an approach that takes advantage of some or both of these styles.

We hope the 360 Money Matters Podcast has been of great help to you on your wealth creation journey, and we hope to continue that as we move into 2020. Thank you for tuning in and we'll see you next year!

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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 an active and passive investment?

• The philosophies behind each investment.

• Why index investing is easier for the average person.

• The difference in portfolio diversification.

• Things to take into consideration with market shifts.

• The core satellite approach.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! In this week's episode, we'll be unpacking the topic of mortgage brokers and to help us shine more light on this discussion, we'd like to introduce you to Mish Blecher, director of mortgage broking business and one of the founders of 360 Financial.

We discuss the basics of mortgage broking in the world of residential loans, what value clients can gain from working with mortgage brokers when purchasing properties and demystifying common myths. It's imperative you surround yourself with the right team who is able to provide the right loan structure and strategy for your personal financial situation. 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:

• What does a mortgage broker do?

• What differentiates going to a mortgage broker from going to a bank directly?

• The different commission structures across banks.

• Common questions we hear from clients regarding mortgages.

• Creating a proper loan structure.

• An example where interest rates don't matter.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! The holiday season is fast approaching and that means you're probably planning your holiday spending-- gifts, socialising, eating out, vacations, all of that. And with that amount of spending, you might not always have the cash you need, which might tempt you to use a Buy Now, Pay Later service. Sounds great in concept, but it's not all that it's cracked up to be.

In this week's episode, we'll discuss the dangers of being entrapped by this service and how it opens you up to many issues in the future. This goes against the very teachings of responsible and mindful financial planning, so we'll also share some advice on how you can avoid falling victim to this harmful spending habit.

Don't fall into the trap of kicking the can down the road as a problem for future you to solve just for that quick dopamine hit. Give yourself as little financial stress as possible this coming holiday 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:

• The lack of public stigma towards 'Buy Now, Pay Later' services.

• The trap of Buy Now, Pay Later from a financial planning perspective.

• What happens if you miss a payment.

• Advice for those trying to break out of these habits.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! This week we do a deeper dive into what we are seeing in the Melbourne property market and what is driving the increase in property prices.

We discuss how and why property prices are rising in Melbourne that is attributed to: Covid restrictions having caused a shift in people's thinking around their living arrangements, low interest rates driving property prices higher, demand outstripping supply and the effects on property prices and a higher household savings rate due to compressed household consumption.

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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:

• Headline percentages in the broader market.

• Factors driving the rapid rise in property prices.

• The deposit is the biggest hurdle to owning a property.

• The property market's direction in the near future.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! So picture this: you're approaching your 60s and you're getting ready to finally retire, but your plan usually isn't as simple as; "Today I'm working and tomorrow I'm not" Ideally, your transition into retirement shouldn't be so abrupt, rather, it should be slow, smooth, and above all, progressive. So how do you do that?

This week, we're going to discuss the transition to retirement strategy (or TTR). This strategy allows you to make that ideal transition because it allows you to supplement your income by drawing a regular pension from your superannuation account. (Not to be mistaken for the age pension you get from the government). Alternatively, or even simultaneously, a transition to retirement strategy can also be deployed to reduce the amount of tax that you are paying on an annual basis, without having any implications on your cashflow.

Make sure not to miss out on this episode to discover more about this strategy and so you can equip yourself with the proper knowledge and tools to get started on your own retirement plan!

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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 history of how the transition to retirement strategy came about.

• What is a transition to retirement.

• Differences between superannuation accumulation and pension accounts.

• Tax benefits and creating tax arbitrage opportunities with a TTR.

• Limitations on superannuation contributions and drawdowns to be aware of.

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

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