360 Money Matters

Hello and welcome back to the 360 Money Matters podcast! We all know how much of a big decision investing is, especially if you're unfamiliar or inexperienced in the field. From choosing your particular type of investment to barriers of entry, it can certainly feel like a daunting task and you might not always feel confident making all those decisions yourself.

This week, we're taking a deeper dive into the investment aspect of financial planning, specifically focusing on fund managers. We'll discuss the role of fund managers in your financial strategy, the different methods that you can invest in, as well as compare and contrast the various benefits and costs of choosing to invest in a fund manager as opposed to directly managing your investments yourself.

While you may be taking away that element of control from yourself, you are replacing it with a specialist who possesses intricate knowledge and decision-making involved in investments. If you think you're in need of hiring a fund manager, make sure to tune into 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:

• What a fund manager does.

• The benefits of investing in a fund manager.

• The costs and accessibility associated with it from both perspectives.

• Investing in fund managers lets you diversify your portfolio.

• The benefits from a taxation perspective.

• Owning a property directly vs. investing through a fund manager.

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Hello and welcome back to the 360 Money Matters podcast! When it comes to debt, ideally you want to be in a debt-free position for your wealth creation, but sometimes that won't always be the case. 20 or even 30 years later, you might still be paying for the same debt and making additional repayments, and you haven't moved the needle very far. If you want to remove that thorn in your side, then we have a strategy that we hope can address those problems.

In this episode, we introduce the Debt Recycling Strategy-- a very technical but incredibly valuable strategy. Aside from its general benefits, we'll do a deep dive into it so we can help you develop strategies to pay down your non-deductible debt and build your wealth in a perfectly legal and tax-effective manner.

The light at the end of the tunnel might seem so far away, but we can't emphasize enough the importance of having a strategy having a valuable impact in the short term will be massive in moving that needle, so please make sure to listen 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 debt recycling strategy and how it reduces your nondeductible debt and builds your wealth at the same time.

• The type of people this strategy is best suited for.

• An illustrative example of the strategy's benefits.

• Structuring your investments to income-producing assets.

• The importance of developing an exit plan in case of risks.

• The opportunity cost of making accelerated mortgage repayments.

Connect with Billy and Andrew!

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Hello and welcome back to the 360 Money Matters podcast! When it comes to dealing with property, it's a very big purchase and commitment majority of the time. Not everyone is going to be well-equipped with knowledge on this topic, and so we encourage you to engage with experts so you can avoid the pitfalls of buying a property.

So we have a special guest for you all for this episode-- Natalie Greatrex of Greatrex Property! As a real estate industry veteran who serves as a buyer's advocate with her company, she will share her expertise and insights so she can help you make sure that the fundamentals of your property purchase are sound and well-informed.

Make sure to join us for this very informative episode so you can take one step closer to being an informed buyer!

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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 buyer's advocacy is and how it works.

• Criteria Natalie looks for when working with a client.

• Factors to take into consideration when buying property.

• Relationships with real estate agents from a buyer's advocacy perspective.

• What can clients expect from engaging with buyer's advocates.

• Her approaches with real estate agents for privates sales and auctions.

Connect with Natalie:

• www.greatrexpropertyadvisory.com

• www.greatrexproperty.com.au

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! One of our listeners emailed us asking us how he can get back on top of his spending. More often than not, when you get your paycheck and spend on all your essentials, there's barely any money left. This is a problem that is more common than you think so we're going to dedicate this episode to answering their question.

Having the right structure in place as to how you're spending your money is imperative, so we'll discuss how you can correctly set up your budget and provide you concrete tips and strategies that will encourage you to build good money management habits while also staying disciplined.

Managing your finances isn't just about surviving, but also allowing yourself to enjoy your desired lifestyle so we hope this episode helps anyone who tunes 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:

• Get started by understanding your income and expenses.

• Manage your money with the bucketing strategy.

• Search for additional sources of income.

• Don't be afraid to compare and renegotiate your products and services.

• Have a debt consolidation strategy.

• Buying things at the point of sale.

• Budget fatigue.

• Tips to control yourself from overspending.

• Practice good financial habits as early as possible.

Links referenced in this episode:

• Ep. 3: Identifying and Maximising Your Surplus

• Ep. 4: Getting Your Debt Under Control

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! One of the questions our clients frequently ask us is, "How much money do I need when I retire? How do I get started on it?" Just like financial strategies, the definition of retirement varies from person to person, depending on their personal circumstance, so you want to find the strategy that best fits you.

In this episode, we're going to give you all a rundown on retirement including strategies and benchmarks that will not only help determine your retirement income while giving you the ability to live off of your assets without depleting them too quickly. Additionally, we'll talk about superannuation once more and how it serves as a critical component in your retirement strategy from a tax benefit perspective.

You want to make sure that the income you're deriving goes towards supporting your lifestyle and ensures a comfortable life during retirement so don't 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:

• The definition of retirement.

• The key driver behind your retirement fund.

• Why you need less money in retirement.

• Benchmarks to help determine your pre-retirement income.

• Superannuation and income tax.

• Developing an early retirement income plan.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Having a family is a big life decision and financial expense. You want to make sure your children have their needs cared for, and not just the immediate ones like diapers or food, but including things in the far future university tuition and car deposits.

For this episode, we discuss how you can determine the right facilities and vehicles for your children's savings for the future as well as all the factors to consider when making a financial plan. Things may not always go according to plan, but with proper long-term planning that starts as early as today, you can give yourself and your family the best opportunity to offset that impact and maximise what you'll have.

Don't forget to listen to this episode so you can get started on creating a stable financial future for your family!

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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:

• Two main considerations when financially planning for a family.

• The importance of having a clear line of sight for future expenses.

• Decide on what goal you want to achieve first.

• How to facilitate your savings for the short-term and long-term.

• Determine your tolerance to risk.

• Once you have determined the goal, you can determine your best strategy.

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

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Hello and welcome back to the 360 Money Matters podcast! You'd be surprised at how often long-term wealth creation is overlooked by financial advisors, but you want to make sure you're all set when you retire. So for this episode, we discuss how you can grow your wealth with superannuations, the strategies behind it, and how to get the most out of its benefits. By maximising your retirement fund, you can build a much better financial plan to invest into your comfortability in the future after a career.

Don't miss out on this episode so you can get started on investing in your future today!

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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 superannuations are.

• Its tax incentives and two types of tax benefits.

• What level of contribution should you be making?

• The four main types of superannuation funds.

• Other factors to consider when choosing a superannuation beyond costs.

• Not all superannuations perform the same in the same market.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! When it comes to your financial assets, we find that shares and property make up a sizable portion of your wealth so in this episode, we discuss how you can get into owning shares and property, the differences between the two and how you can take advantage of both of them with some planning so it doesn't have to be one or the other. We'll also discuss using leverage to maximise your investment gains and the impact this can have on your portfolio.

So make sure to tune in to this week's episode as we help you get on the path of your investment journey.

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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 are shares and how this differs from property.

• The different entry costs for shares and properties.

• Leveraging with shares and property.

• Liquidity differences between shares and properties.

• Ownership structures and two things to keep in mind.

• Determining the property's value.

• How to optimise your leverage position.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! We're finally here at the sixth and final step of your financial roadmap-- estate planning!

Once you've amassed a large amount of wealth, you don't just stop there. You want to plan your estate to make sure that your money and assets get to the right people, at the right time. Inheritance isn't just limited to simply writing a will, so have a listen as Billy and Andrew take the time to discuss the various elements you should consider when planning out your estate.

Make sure to listen in on this episode because this isn't just about getting your assets and money in order, but more importantly, it's about making sure the people you're leaving behind will be well taken care of after you're gone.

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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 two main steps to estate planning.

• Splitting money and assets among your beneficiaries.

• Lump sums vs. Income streams.

• How testamentary trust works.

• Make sure legal guardianships are in place for your dependents.

• Two main elements to consider when appointing someone to make decisions for you.

• Minimizing the tax your beneficiaries have to pay.

• Protecting your beneficiaries in the event of a relationship breakdown.

• Make sure your estate plan is up to date.

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Get ready for today's episode because we'll be talking about the enthralling topic of managing risks as part of your financial plan.

Unfortunately, the reality when it comes to your finances is that not everything will always go as planned but don't lose hope just yet because we want to help you as much as we can in this episode. Both Andrew and Billy will be talking about a plethora of topics related to this issue, such as risk mitigation strategies, income protection, and many more.

So what are you waiting for? Make sure to listen to today's episode and not miss out on these lessons!

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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:

• External risks and external lifestyle factors that can impact your investment strategy.

• What we do with clients when things go wrong.

• 4 main types of insurance we discuss with clients.

• How life insurance works.

• Total and permanent disability explained.

• Income protection explained.

• Trauma cover explained.

• Risk mitigation strategies.

• Some of the features of different types of insurances.

• Over insurance and underinsurance.

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

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