In this episode of Wealth & Wisdom, we're talking about a topic that often doesn’t get enough attention: the value of strong family relationships for people on the land. Our guest, Ali Flynn, brings her expertise as a therapist, facilitator, mindset coach & host of “The Challenges That Change Us Podcast” to the conversation, sharing insights on how to improve communication and build stronger connections within farming families.

While it may seem like a departure from our usual focus on wealth and business performance, the reality is that family relationships can have a huge impact on both of those things. As the saying goes, it takes two generations to build wealth and one to lose it, and the statistics show that family breakdowns are often a major contributor to that loss.

Whether you're on the land, from the land or a professional adviser that serves the rural community, you’ll know that communication can be a challenge for most farming families. But with Ali's tips and strategies, you'll learn how to navigate those challenges and build deeper, more meaningful relationships with your loved ones.

If you're ready to cultivate stronger connections within your family and secure your legacy for generations to come, join us for this insightful and practical episode of Wealth & Wisdom.

You can find Ali on:

Apple Podcasts - https://podcasts.apple.com/au/podcast/challenges-that-change-us/id1617557536
Facebook - https://www.facebook.com/alexandria.flynn.9
LinkedIn - https://www.linkedin.com/in/aliflynn/

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

We all want to make a profit, but the bigger the profit, the bigger the tax bill. So, how much of your hard-earned cash do you need to give to the tax office? 

In this episode, Ben will be discussing some useful tips and traps to avoid when preparing for the end of the financial year with your accountant.

Ben covers some essentials such as the massive difference between profit and cash flow, how to take advantage of a lean year, why banks hate ATO tax debts, and the importance of seeking advice on tax-deductible contributions to super. He also discusses how Farm Management Deposits (FMDs) can help manage your tax liability, when used as part of a bigger business plan.

So, join us in this insightful episode for some great tips and traps to avoid to help you prepare for the end of the financial year.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Today we welcome back Shane Bird, mindset coach, speaker & trainer, to share strategies for farmers to break out of a negative mindset quicker. 

Last time we spoke to Shane (in episode #5), he shared his background and answered some fundamental questions about negative thoughts and self-belief. Now Shane is back to shed light on normalcy of negative thoughts, why we have them, and delve into the importance of self-belief and how it plays a critical role in our lives. He shares practical tips for dealing with negative thoughts before it manifests into something more chronic.

We discuss some simple techniques that can help snap individuals out of a negative state and into a more productive one quickly. He also provides insights on how to help our significant others and the importance of cultivating self-awareness.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

In this episode we sit down with Angus Street, CEO of AuctionsPlus, to discuss the big themes in technology that are driving change and revolutionising the way we farm. 

From ChatGPT to data-driven decision making, to the use of drones and biotechnology, we explore how these technologies might transform farming practices in the future. We also discuss the challenges and opportunities for farmers that arise from these changes and the role that technology can play in improving productivity, sustainability, and profitability in the agricultural sector. 

Join us as we dive into the exciting world of AgTech and its potential to shape the future of farming.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

In recent years, there has been a growing trend of farmers signing agreements with renewable energy companies to lease their land for wind or solar energy production. While these agreements can offer a significant source of income for farmers and contribute to a more sustainable energy future, they can also come with potential risks and challenges.

In this episode, we will explore the different factors that farmers need to consider before signing a wind or solar agreement. We will discuss the legal implications of these agreements, as well as the impact they can have on a farmer's property and operations. 

Our guest for this episode today is Tim Rivett, a legal expert who has first-hand experience with wind and solar agreements. Listeners will gain a comprehensive understanding of the key considerations that farmers should keep in mind before evaluating renewable energy agreements.

Whether you are a farmer who is considering signing a wind or solar agreement or simply interested in the intersection of agriculture and renewable energy, this episode will provide valuable insights and perspectives.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

In this episode, we explore the characteristics of a "bloody good" accountant and the dangers of a mediocre one.  

Our guest Russell Strack, a seasoned accountant with over 30 years of experience, shares valuable insights on what to look for when hiring an accountant for your business. We delve into what you should expect as a minimum and the skills and services offered by exceptional accountants. 

Russell provides practical tips for small business owners on how to assess the quality of their current accountant and when it may be time to make a change. Whether you're just starting out or have been in business for years, this episode will help you identify the traits of a bloody good accountant and whether you need to break up with yours. 

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Tapping into the lucrative tourism market for rural producers is a serious opportunity for opportunity for those on the land.

The reasons for starting a tourism business might be drought mitigation, evening out cashflow, supporting succession, servicing debt, paying boarding school fees or just savvy producers taking advantage of a unique business opportunity.

The problem is, it’s easy to identify an opportunity but difficult to get a viable business up and running. Producers are time poor, more often than not lack the experience and don’t know where to start.

My guest today is Susan Lee from CV Consult, a tourism consultant with significant experience in regional and remote tourism in Australia.
 
Susan has a book coming out soon which is a practical guide to starting your own tourism business. It’s designed to give families the short cuts to identifying, assessing and navigating the start-up of a successful tourism business.

Susan can be found at:-

Website:   www.cvconsult.com.au
Email:   [email protected]
Sign Up Page For Pre Launch Book Deals:  https://cvconsult.com.au/tourism-book-sign-up

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Most rural producers have legal and tax structures in place like partnerships, companies and trusts. They are usually put in place for either tax planning or asset protection purposes but are often ignored or misunderstood as “My accountant deals with that stuff!”

Few understand their structures or realise what can go wrong if they or their accountant are not all over the legal and tax requirements, which is the subject of our discussion today. 

Our guest today is Kylie Wilson, a lawyer who has specialised in advising families in the rural space for well over 20 years. She is a partner at Holding Redlich which has offices in Melbourne, Canberra, Sydney, Brisbane and Cairns. Kylie is a sought-after keynote speaker and is technically exceptional in the areas of Estates, Tax, Succession and Self-Managed Super Funds. She is also one of those professionals who really cares about her clients.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Ian McLean is the Managing Director of Bush AgriBusiness and co-author of The Australian Beef Report. In this episode, Ian and I will be discussing how the top 25% of beef producers generate 100% of the beef industry profits. 

If you want to be more profitable or become one of the top 25% of beef producers, then this is the podcast for you!

Ian holds a Master of Business Administration and is accredited as a Chartered Agriculturist by the Ag Institute of Australia. Prior to starting Bush AgriBusiness, Ian worked for the NT Cattlemen’s Association, the NT DPI and Deloitte, and has done station work in QLD and the NT.

At Bush AgriBusiness, Ian works with large and small pastoral businesses, helping them understand and improve business performance. He enjoys working with and learning from the top performing pastoral businesses.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Today we are going to be discussing some of the problems with corporate investment into Australian Agriculture with our guest, Matt Barton.

Matt is a fifth-generation farmer from central NSW but he is also a teacher, adviser and facilitator with RCS Australia. RCS is an integrated training, education & professional advice business that focuses solely on helping agricultural producers to best manage people, land and agricultural production systems.

Matt went to boarding school in Sydney then studied accounting and finance at University. On completion of his studies, he worked in the financial markets in Sydney in the 1980’s before holding a role as the Corporate Treasurer for a mid-tier mining company. 

He made the choice to return to agriculture and come back to the family farming operation in Central NSW in the mid 1990’s and in 2007 he joined RCS. 

Matt’s time in Sydney provided extensive experience in the corporate and investment sectors giving him the ability to engage, advise and comment at both the producer level and the investor/corporate level, and he has some valuable insights to share with us today.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/