360 Money Matters

Welcome back to the 360 Money Matters Podcast, and in this episode, we'll be discussing step four of our six-step financial planning process which is developing an investment strategy. There is a lot to unpack regarding investment strategies and the various topics surrounding them, but we hope that this will help paint a clear picture for you all.

Beyond the usual technical aspects of an investment strategy, many factors unique to the individual come into play such as circumstances, goals, comfort level, and emotional investment, and these are critical things that we want to discuss in this episode.

Be sure not to miss out on this episode so you can start developing the right strategy for yourself!

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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 an investment strategy is and how to get started.

• How you own an asset depends on your circumstances.

• How to know which assets to acquire and how to acquire them.

• Make sure you know when enough is enough.

• Maximise your passive income.

• The importance of a diversed portfolio.

• The only certainty of an investment strategy is change.

• The emotional aspect of investment.

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360 Financial Strategists

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Debt can be intimidating and managing it can be a daunting task for many of us, but it doesn't mean getting it under control is impossible. Debt management can make your financial life much easier by limiting the impact that debt has on your cash flow, therefore, making it an imperative part of the wealth creation journey.

We'll help you gain a clearer understanding of debt, and provide practical methods you can implement to make progress on paying down debt as well as avoiding common consumer pitfalls. We'll also step away from the usual gloom and doom perspective on debt and discuss how you can leverage debt to your advantage and utilize it to accelerate wealth creation with careful planning.

Be sure to listen in on this episode to learn the best steps you can make towards debt as a consumer and investor!

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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 difference between good debt and bad debt.

• The best ways to manage and get out of consumer debt.

• Debt avalanche or debt snowball strategies.

• Debt consolidation strategies.

• Owner occupied & investment debt.

• Utilizing the power of debt for wealth creation purposes.

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

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The key to any financial plan is having surplus income. Without surplus income, it makes it impossible to allocate your money and invest for your financial goals and it is hence imperative to maximise this surplus. Maximising this surplus can be done from driving up your income and can also be done by understanding and minimising your expenses. This is the second step to building your financial plan, and one step closer to reaching financial freedom.

In this episode, we'll share with you a recommended method that has been tried and tested to better manage your budget and cashflow. This bucketing strategy will assist in better managing your money now-- and funnel it into long-term wealth creation.

So be sure to listen in as we take another step in the right direction towards financial security!

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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:

• Reviewing your existing budget.

• Maximise the income that you receive.

• Re-examine your expenses.

• Cutting out unnecessary expenses.

• Build a bucketing strategy with a; direct debit expense account, everyday bills account, fun account, holiday account, saving & investing account.

• Have emergency funds available.

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

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Welcome back to the 360 Money Matters Podcast, where in this episode we dive right into the first step of building your financial plan - understanding your position, and identifying your goals. It can be a difficult task to build your financial plan and roadmap, however, when starting out on this journey it is imperative to have a strong understanding of your current position and set clear and concise goals.

By having a strong grasp on your assets and liabilities, as well as a good grasp on your budget, will be the foundation for spring boarding your wealth creation to make sure that you achieve all of your financial goals.

So be sure to tune in, and get ready to start this journey towards financial freedom!

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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:

• Identify your regular income streams.

• Determine what your expenses are.

• List all of your assets.

• Acknowledging your liabilities, and working with them.

• Put together your budget.

• Compare your budgeted cash flow with your actual cashflow.

• Determine your short & long-term financial goals and ambitions.

• Review your circumstances and goals regularly.

• Have enough flexibility and adaptability in your goal and strategy.

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

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Welcome to the first episode of the 360 Money Matters Podcast with your hosts, Billy Amiridis and Andrew Nicolaou!

In this podcast, we aim to increase your confidence in all money matters-- covering an array of topics like investing, cash flow and budgeting, and passive income. We're confident that by arming yourself with knowledge, you can live your life on your own terms without limits.

Though initially, financial planning may seem like such a daunting process, it can be broken down into smaller manageable steps-- which is exactly what we'll be outlining for you today. Be sure to join us in this multi-episode series where we dive into each individual step and provide you with viable advice that we're sure will bring value to your financial planning journey.

So sit tight, listen in, and let us introduce you to a better way to approach your financial management!

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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 Six-Step Process Outline.

• Understanding your current position.

• Maximise your cash flow.

• The importance of getting your debt under control.

• Developing your investment strategy.

• Manage your risk.

• Planning your estate.

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

Apple Podcasts

Spotify

Google Podcasts