360 Money Matters

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

In this episode, we dive into how business owners can turn profit into personal wealth. We explore the dangers of reinvesting every dollar back into your business without building wealth outside of it, and the risks of assuming your business will always remain profitable or sellable. We discuss the importance of paying yourself first—treating yourself like a creditor by consistently diverting a portion of your profits into other assets like property, shares, or superannuation. We emphasize that while business owners are used to paying themselves last, developing the habit of wealth-building outside the business can safeguard against disruptions, provide asset protection, and support better retirement outcomes. We also cover strategies for asset allocation, tax minimization, and estate planning, reinforcing the value of long-term planning and diversification.

Start building your personal wealth today by paying yourself first and diversifying your business profits—because your future shouldn't depend solely on your business.

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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, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Why relying solely on your business for long-term wealth can be risky

• The importance of paying yourself first and building wealth outside your business

• Common pitfalls business owners face by reinvesting all profits back into the business

• How to choose between investing in property, shares, or superannuation

• The role of asset protection and tax minimization in wealth strategy

• Why superannuation should be a key part of your financial plan

• The psychological impact of selling a business without prior investing experience

• Practical steps to start extracting profit and creating personal wealth now

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

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

In this episode, we dive into the real cost of procrastination when it comes to personal finances. We explore how delaying decisions—whether it's investing, buying property, sorting out insurance, or getting financial advice—can severely impact long-term wealth. We unpack the power of compounding, the snowball effects of early action, and how missed opportunities grow more expensive over time. From rising property prices to lost superannuation contributions, we highlight how time is your most valuable asset. As we share stories and insights, we emphasize that not making a decision is still a decision—with very real consequences.

Don't let procrastination cost you—tune in now to learn how taking action today can dramatically improve your 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 & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Why delaying financial decisions can be more costly than you think

• The power of compounding and starting early with investing

• How procrastination can impact long-term property wealth and equity

• The hidden costs of putting off superannuation contributions

• Why insurance is cheaper and more effective when arranged earlier

• How refinancing your mortgage can fast-track debt elimination

• The risk of lifestyle creep without a clear financial plan

• How delayed advice can lead to missed lifestyle opportunities

• Why imperfect action is better than perfect inaction when it comes to money decisions

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

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

In this episode, we tackle the challenge of managing conflicting financial priorities. We explore the real-life dilemmas many families face balancing private school fees, home upgrades, holidays, and long-term goals like retirement or investment—all within a limited budget. We dive into the importance of understanding personal values and how they shape financial decisions. We also walk through strategies for setting dynamic budgets, anticipating lifestyle creep, and avoiding the trap of assuming higher income means financial security. By prioritizing what truly matters and planning ahead, we can navigate tough choices without sacrificing long-term financial wellbeing.

Tune in to learn how to confidently juggle your financial priorities and make smarter money decisions that align with what truly matters to 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 & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• How to manage competing financial priorities

• Why defining your personal values is the foundation of smart financial decisions

• The importance of dynamic budgeting and regularly reassessing your goals

• Real-life example of a high-income earner still struggling with financial pressure

• The hidden costs of private schooling beyond tuition

• How lifestyle creep can quietly sabotage your financial progress

• Why planning early gives you more flexibility and freedom later

• Practical strategies for building a cash flow system that works at any income level

• The role of financial advice in bringing clarity, structure, and discipline to your money decisions

• Why financial success is less about how much you earn and more about how intentionally you use it

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

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

In this episode, we unpack Division 296 and what it means for high-income earners, particularly those with superannuation balances exceeding $3 million. We explore how this proposed legislation, though not yet law, is likely to impose a 15% tax on unrealized gains in superannuation, essentially taxing people on growth in asset value even if nothing has been sold. We walk through examples involving property and SMSFs to highlight how problematic this is, especially for illiquid assets like farms and factories. We also discuss the broader implications, including loss of public confidence in the super system, lack of indexation, and how this could eventually impact far more Australians than currently claimed. Ultimately, we emphasize the importance of strategic financial planning and early advice to navigate these looming changes.

Listen to this episode to understand how Division 296 could impact your superannuation and why now is the time to plan strategically.

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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, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• What Division 296 is and who it affects

• Why taxing unrealized superannuation gains is controversial

• How the $3 million threshold is calculated and its lack of indexation

• The impact on property owners, farmers, and SMSF members

• Strategic considerations to stay below the threshold

• Concerns about long-term changes and erosion of trust in the super system

• The potential ripple effects on broader tax policy and financial behavior

• Why early financial advice is crucial for high-balance super holders

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

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

In this episode, we explore the often-overlooked complexities of financial planning for blended families. We discuss real-world scenarios where poor communication and lack of planning led to emotional and financial turmoil, including disputes over inheritance, ownership of family homes, and complications arising from remarriages and superannuation nominations. Emphasizing the importance of open dialogue, legal clarity, and professional advice, we highlight how proactive estate planning—especially in blended family situations—can help avoid messy outcomes and preserve both wealth and relationships. We also touch on strategies such as structuring ownership correctly, setting binding nominations for super, and even gifting inheritances during one's lifetime to maximize their impact.

Tune in to learn how to safeguard your legacy and avoid common estate planning pitfalls in blended families.

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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, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Why financial planning is more complex in blended families

• Common inheritance disputes and how to avoid them

• The critical role of clear communication with all family members

• Estate planning structures: wills, powers of attorney, and testamentary trusts

• Ownership structures and their implications: joint tenants vs tenants in common

• The impact of remarriage on superannuation nominations and estate assets

• How tax considerations influence inheritance planning

• Using life insurance for financial breathing room during grief

• Planning for children from multiple relationships fairly

• The benefits of gifting inheritance while alive for maximum impact

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

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

In this episode, we unpack what falling interest rates really mean for mortgage holders and how we can make the most of the changing financial landscape. We look at the Reserve Bank of Australia's recent rate cuts, driven by a push to curb inflation and boost the economy and break down the key actions borrowers should consider. We highlight the importance of checking whether your lender has passed on the full rate cut, caution against extending your loan term when refinancing, and explain why keeping your repayments steady can significantly accelerate debt reduction. We also share practical ideas for using the freed-up cash flow, whether that's boosting your super, investing, or setting aside money for future goals and emphasizing that smart planning is essential to avoiding lifestyle creep and turning short-term savings into long-term financial wins.

Tune in to learn how to turn falling interest rates into a smart financial advantage and make the most of your mortgage.

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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, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Why interest rates are falling and what it means for the economy

• How to check if your lender has passed on the full rate cut

• The risks of resetting your loan term when refinancing

• Benefits of maintaining your current mortgage repayments after a rate cut

• Offset account strategies to reduce temptation and boost security

• Avoiding lifestyle creep and using surplus cash flow wisely

• Options for redirecting savings: super contributions, investments, and future goals

• How falling rates may open up new borrowing or investment opportunities

• The importance of reviewing your financial strategy with professional advice

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcasts

Spotify

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

In this episode, we discussed turning a side hustle into a full-fledged business. We explored the importance of validating the business idea and achieving consistent income before quitting a day job. We emphasized the need for separating personal and business finances, understanding tax obligations, and planning for growth rather than just survival. We also highlighted the significance of considering insurance, superannuation, and long-term financial planning, including strategies for drawing income from the business and protecting family finances. Finally, we stressed the importance of planning for growth, embracing available tools for efficiency, and recognizing the evolving roles and responsibilities as a business owner.

Turn your side hustle into a thriving business – listen now to learn how to validate your idea, manage finances, and plan for long-term growth!

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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, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Validating your side hustle before going full-time

• Managing risk, finances, and tax from the start

• Why separating personal and business money matters

• The importance of the right business structure

• Don't skip super—your future self will thank you

• Planning for lumpy income and lifestyle changes

• Building a business, not just buying yourself a job

• Leveraging tech to grow faster and work smarter

• Think big—and then think even bigger

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly 'Market Wrap' segment.

In this episode, we explore into a comprehensive market wrap for May, examining global economic shifts and what they mean for investors. We discuss the S&P 500's sharp rebound of 5.89%, which, while impressive, mostly recovers previous losses, and we explore growing investor caution amid U.S. political unpredictability, especially tariff threats from Donald Trump that could impact companies like Apple and broader market confidence. We also look at China's liquidity injection of $138 billion in response to trade tensions, the steady 4.2% rise in the Australian market, and potential RBA interest rate cuts aimed at easing mortgage pressure. While the Australian economy shows signs of a "soft landing," we note that quality of life and discretionary income remain under strain.

Tune in to hear how global market shifts, political tensions, and economic policies could impact your investments—and what you can do to stay financially on track.

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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, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

• Strong S&P 500 rebound in May with a 5.89% gain

• Market volatility fueled by Trump's tariff threats and uncertainty around the U.S.-China trade negotiations

• Apple used as a case study to highlight the real-world impact of proposed tariffs and manufacturing shifts

• China injects $138 billion in liquidity to counter trade tension effects and stimulate the economy

• Australian market rises 4.2%, echoing global recovery patterns

• Reserve Bank of Australia delivers a 25 basis point rate cut, with more cuts expected in 2025

• Inflation stabilizes within the RBA's 2–3% target band, while GDP growth forecasts are revised down

• Discussion on Victoria's post-COVID fiscal policy and its long-term economic consequences

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

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

In this episode, we explore the crucial topic of raising financially savvy children. We explore how our behaviors as parents shape our kids' understanding of money and share practical strategies to teach financial literacy at various ages. We talk about the importance of modeling good habits, encouraging earning through chores, differentiating needs from wants, and using tools like spending, saving, and giving jars or modern digital alternatives to build strong financial foundations. We also discuss how conversations around real-world money decisions, investing, and opportunity cost can empower children to make smarter financial choices. We reflect on our own experiences as parents, and together, we aim to provide listeners with valuable tips to set their children up for a secure financial future.

Tune in to this episode to discover practical strategies and insights to help you raise financially savvy kids who are confident and capable with money from an early age.

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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, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Why it's crucial to start teaching kids about money from a young age

• The impact of parental modeling on children's financial behaviors

• Age-appropriate ways to introduce financial concepts like saving, spending, and giving

• How pocket money can be structured to teach responsibility and effort-based rewards

• The benefits of involving children in real-world money decisions and budgeting

• Tools and systems to help kids manage money in a digital world (e.g., jars, apps, debit cards)

• Teaching concepts like needs vs. wants, value, opportunity cost, and delayed gratification

• Why it's important to let kids make small financial mistakes early

• How to prepare children for investing and long-term financial thinking

• The importance of financial literacy as a lifelong skill and foundation for independence

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

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

In this episode, we go behind the scenes of what your very first financial advice meeting looks like. We kick things off with a lighthearted tribute to Warren Buffett's retirement, before diving into the real topic—what to expect when meeting a financial advisor. We explain that financial advice isn't just about investing; it's about understanding your lifestyle, values, goals, and personal circumstances to build a strategy tailored to you. We walk through the types of questions we ask, the documents you should bring, and some of the biggest myths around financial advice—like needing to be wealthy or that advisors will force you to stop enjoying life. Instead, we aim to empower you to make more intentional financial decisions.

Tune in to this episode for a candid look at your first financial advice meeting and discover how personalized planning can truly transform your 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 & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• What to expect in your first meeting with a financial advisor

• Common misconceptions about financial advice and who it's for

• Why financial advice is about strategy, not just investments or products

• The importance of understanding your goals, lifestyle, and values

• How financial planning adapts to life events and changing priorities

• Practical tips on what documents to bring and how to prepare

• The power of being intentional with money to enhance life satisfaction

• Why ongoing financial advice is more valuable than one-off transactions

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify