In this episode of the Australian Finance Podcast, your host Gemma Mitchell is joined by financial wellness coach Betsy Westcott to unpack the complexities of inheritance.

With an estimated $3.5 trillion expected to change hands in Australia over the coming decades, more people will be navigating the financial and emotional realities of receiving an inheritance.

Together, Betsy and Gemma explore: – The emotional weight of receiving a financial legacy – How to manage family dynamics and partner expectations – What to do first (hint: it’s not investing!) – How to seek the right advice and build a trusted team – What happens if you're not expecting an inheritance

This conversation is packed with practical tips and deep emotional insights.

Subscribe to the Australian Finance Podcast on Apple, Spotify, or YouTube to stay up to date.

Topics Covered

– What is the $3.5 trillion intergenerational wealth transfer?

– Giving with warm hands vs inheritance after death

– Emotional responses: grief, guilt, identity shifts

– The pressure to “do the right thing” with inherited money

– Managing inheritances in a couple or family context

– Time-sensitive tax implications for inherited property

– Who to include in your financial "village"

– Roles of a financial adviser, accountant, lawyer & money coach

– Why flexibility and patience are key in early decisions

– Teaching kids about money and building your own legacy

– What to do if you’re not receiving an inheritance

– Why open conversations about money are critical

Resources for this episode

– Betsy Westcott’s Inner Money Journey

~~ Show partner resources ~~

💰 Join Pearler using code “RASK” for $15 of Pearler Credit – https://bit.ly/Pearler

📊 Get 50% off your first two months using PocketSmith – https://bit.ly/R-PocketSmith

📈 View Betashares full range of funds – https://bit.ly/beta-25

~~ Rask resources ~~

🔗 Explore all Rask services – https://bit.ly/R-services

📋 Learn about Rask Financial Planning – https://bit.ly/R-plan

📈 Start investing with Rask – https://bit.ly/R-invest

📜 Access Show Notes – https://bit.ly/R-notes

❓ Ask a question – just select the Finance Podcast – https://bit.ly/R-quest

📲 Follow us on social media:

Instagram: @rask.invest – https://www.instagram.com/rask.invest/

TikTok: @rask.invest – https://www.tiktok.com/@rask.invest

DISCLAIMER

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it.

If you’re unsure, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance.

The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG) – https://www.rask.com.au/fsg

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From Elon-level ETF worries to whether you should stick with one provider, we tackle the big investor ‘what ifs’. Plus: should high schools be teaching investing, how to prepare financially for separation, and what really happens to your FHSSS if you change super funds. We cover it all this week!

In this episode of the Australian Finance Podcast, Owen and Gemma are back for your weekly Q&A, diving into:

- Could you really get stuck in an ETF if you end up with Elon Musk–levels of money?
- Is it better to stick with one ETF provider or spread across a few?

- Should high schools be teaching saving and investing to Year 11 & 12 students?
- How to financially prepare for separation after a long marriage.
- What happens to your FHSSS if you change super funds?

- Plus things to watch out for when changing super funds. 

Don’t forget to subscribe on Apple, Spotify, YouTube or wherever you get your podcasts. And send in your questions via the link below.

Resources for this episode

- Buy Gemma’s book The Money Reset

- First Home Super Saver Episode

- Ask a question (select the Finance podcast)

~~ Show partner resources ~~

Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

View Betashares range of funds:  https://bit.ly/beta-25

~~ Rask resources ~~

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan 

Invest with us: https://bit.ly/R-invest 

Access Show Notes: https://bit.ly/R-notes 

Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this bonus episode of the Australian Finance Podcast, host Gemma Mitchell is joined by financial adviser Tahli Cavagnino to share practical tips on making the most of your money in your 20s. This bite-sized episode packs in simple, actionable moves to help you set up your financial future without the overwhelm.

If you like this Australian Finance Podcast episode, make sure to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.

Resources for this episode

PreSales for Gemma’s book “The Money Reset”- https://amzn.to/42Uz0aK

Ask a question (select the Finance podcast): https://bit.ly/R-quest 

~~ Show partner resources ~~

Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

View Betashares range of funds:  https://bit.ly/beta-25

~~ Rask resources ~~

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan 

Invest with us: https://bit.ly/R-invest 

Access Show Notes: https://bit.ly/R-notes 

Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Finance Podcast episode, your host Gemma Mitchell is joined by one of our very own community members who is also a Pocketsmith Super-User.  Andrew takes us through how he uses the personal finance software and how it's so much more than a budgeting tool. But don't worry, this isn't just a sales pitch for Pocketsmith (who is a sponsor and we love!) they also talk about money hacks, other ways to budget, the power of tracking net worth and why every couple needs a household CEO & a CFO (and what that actually means for your household money!). 

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

If you like this Australian Finance Podcast episode, make sure to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.

Resources for this episode

PreSales for Gemma’s book “The Money Reset”- https://amzn.to/42Uz0aK

Ask a question (select the Finance podcast): https://bit.ly/R-quest 

~~ Show partner resources ~~

Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

View Betashares range of funds:  https://bit.ly/beta-25

~~ Rask resources ~~

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan 

Invest with us: https://bit.ly/R-invest 

Access Show Notes: https://bit.ly/R-notes 

Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

Travel vs Property, Debt Recycling, Selling Shares & Wills – We cover it all this week! In this episode of the Australian Finance Podcast, Owen and Gemma are back for your weekly Q&A, diving into:

- Travel or buy property – which comes first?
- Debt recycling (and whether it works for business).
- When to sell your shares.
- Making wills simple (and cheap).
Don’t forget to subscribe on Apple, Spotify, YouTube or wherever you get your podcasts. And send in your questions via the link below.

Resources for this episode

PreSales for Gemma’s book The Money Reset- https://amzn.to/42Uz0aK

First Home SUper Saver Episode - https://www.youtube.com/live/Tn8KrAF58aw?feature=shared

Owens article on when to sell- https://www.raskmedia.com.au/2023/10/31/10-reasons-to-sell-shares/

Ask a question (select the Finance podcast): https://bit.ly/R-quest 

~~ Show partner resources ~~

Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

View Betashares range of funds:  https://bit.ly/beta-25

~~ Rask resources ~~

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan 

Invest with us: https://bit.ly/R-invest 

Access Show Notes: https://bit.ly/R-notes 

Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Finance Podcast episode, your host Owen Rask takes you through 10 essential questions to ask a mortgage broker before buying a property. Whether you're a first-time buyer or upgrading, you'll discover:

– What mortgage brokers actually do

– How they get paid and what it means for you

– How they can help improve your borrowing power

– The must-ask questions before getting a loan

If you liked this Australian Finance Podcast episode on working with mortgage brokers, you’ll love our free Property Buying course. Don’t forget to subscribe for weekly shows on Apple, Spotify, YouTube, or wherever you get your podcasts!

Follow us on Instagram and TikTok for more investing insights.

Topics Covered

– What does a mortgage broker do?

– Why would you use one over going directly to a bank?

– How mortgage brokers get paid

– How much deposit do you really need?

– What is LMI (Lenders Mortgage Insurance)?

– Are there government schemes or grants you qualify for?

– How to increase your borrowing power

– Should you pay down HECS and buy-now-pay-later debts first?

– What’s the process of getting a loan approved?

– Will your mortgage broker support you after settlement?

– Should you borrow through a trust, company, or as an individual?

– Fixed vs variable rates, offset accounts, redraw facilities

– Do they compare every bank?

– Key risks to watch out for when choosing a broker

~~ Show partner resources ~~

💰 Join Pearler using code “RASK” for $15 of Pearler Credit - https://bit.ly/Pearler

📊 Get 50% off your first two months using PocketSmith - https://bit.ly/R-PocketSmith

📈 View Betashares full range of funds - https://bit.ly/beta-25

~~ Rask resources ~~

🔗 Explore all Rask services - https://bit.ly/R-services

📋 Learn about Rask Financial Planning - https://bit.ly/R-plan

📈 Start investing with Rask - https://bit.ly/R-invest

📜 Access Show Notes - https://bit.ly/R-notes

❓ Ask a question - just select the Finance Podcast - https://bit.ly/R-quest

📲 Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it.

If you’re unsure, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance.

The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG) - https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Finance Podcast episode, Owen Rask chats with Cameron Gleeson from Betashares about their newly launched HYLD ETF – the Betashares S&P/ASX Australian Shares High Yield ETF.

They cover:

– How HYLD is built and what sets it apart from other dividend ETFs

– The ETF ecosystem: index providers, market makers, and transparency

– Why avoiding “dividend traps” matters for income investors

– How HYLD uses yield, volatility, and momentum filters to improve risk-adjusted income

– Monthly distributions and who the ETF might suit

If you like this episode on HYLD and dividend investing, you’ll love our other investing deep-dives. Subscribe for weekly shows on Apple, Spotify, YouTube, or wherever you get your podcasts!

Follow us on Instagram and TikTok for more investing insights.

Topics Covered

– ETF ecosystem explained: roles of index providers, ETF issuers, and market makers

– Why ETFs can be tax effective for high-income earners

– Construction rules for HYLD: consensus dividend estimates plus market-based signals

– Avoiding stale data and dividend traps (examples: AMP, Star Entertainment)

– Filters: yield >12%, worst momentum, and risk-adjusted yield exclusions

– HYLD’s current yield vs. the broad market

– Turnover and its impact on tax efficiency

– Why HYLD pays monthly distributions

– Core vs. satellite ETF use cases

– Comparing HYLD to bonds and other dividend ETFs

Resources for this episode

NEW: Betashares High Yield Shares ETF
Cam's article on dividend traps

~~ Show partner resources ~~

💰 Join Pearler using code “RASK” for $15 of Pearler Credit – https://bit.ly/Pearler

📊 Get 50% off your first two months using PocketSmith – https://bit.ly/R-PocketSmith

📈 View Betashares full range of funds – https://bit.ly/beta-25

~~ Rask resources ~~

🔗 Explore all Rask services – https://bit.ly/R-services

📋 Learn about Rask Financial Planning – https://bit.ly/R-plan

📈 Start investing with Rask – https://bit.ly/R-invest

📜 Access Show Notes – https://bit.ly/R-notes

❓ Ask a question – just select the Finance Podcast – https://bit.ly/R-quest

📲 Follow us on social media:

Instagram: @rask.invest – https://www.instagram.com/rask.invest/

TikTok: @rask.invest – https://www.tiktok.com/@rask.invest

DISCLAIMER

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it.

If you’re unsure, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance.

The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG) – https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

A300 and HYLD, Trash Finds, Tax Time, IPO Secrets & Rate Cuts – We cover it all this week! In this episode of the Australian Finance Podcast, Owen and Gemma are back for your weekly Q&A and answering your questions on:

Should I be doing anything with the new interest rate drop? Will my rate automatically change?

- How does someone invest in a company prior to its IPO?

- Is it better to invest as a couple or separately?

- I’m in my 40s, new to Australia. What should be my strategy to increase super?

- Flipping trash- When is it a hobby vs a business? 

- Plus they chat about the newest ETFs to hit the market… A300 and HYLD.

Don’t forget to subscribe on Apple, Spotify, YouTube or wherever you get your podcasts. And send in your questions via the link below.

Resources for this episode

- Sign up for the Ladies Finance Club Online summit- https://www.ladiesfinanceclub.com/online-wealth-summit-2025

- PreSales for Gemma’s book The Money Reset- https://amzn.to/42Uz0aK

- Ask a question (select the Finance podcast): https://bit.ly/R-quest 

~~ Show partner resources ~~

Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

View Betashares range of funds:  https://bit.ly/beta-25

~~ Rask resources ~~

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan 

Invest with us: https://bit.ly/R-invest 

Access Show Notes: https://bit.ly/R-notes 

Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this bonus episode of the Australian Finance Podcast, Gemma’s flying solo to bring you her top 5 free (yes, free!) Rask resources that can help you get on top of your money, build confidence, and take real action—without spending a cent.

From free courses to tools and downloads, these are perfect whether you’re just starting out or ready to refine your money game.

No fluff, just the good stuff.

Podcasts https://www.raskmedia.com.au/podcasts/

Courses https://education.rask.com.au/

Community https://community.rask.com.au/users/login

15 min chat-  https://calendly.com/gemma-rask/quick-chat-rask

Got a question for our friday Q&A sessions? Ask a question (select the Finance podcast): https://bit.ly/R-quest 

~~ Show partner resources ~~

Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

View Betashares range of funds:  https://bit.ly/beta-25

~~ Rask resources ~~

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan 

Invest with us: https://bit.ly/R-invest 

Access Show Notes: https://bit.ly/R-notes 

Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Pete Wargent from the Australian Property Podcast and Gemma Mitchell from the Australian Finance Podcast join forces to bring you a special episode on what to focus on financially at every age and stage of life. From your 20s to your 60s and beyond, they talk tips and traps for every stage. 

From buying a house, to investing and when you should be paying attention to super- we are covering:

What should we be focusing on at different ages

Investing vs paying down debt at different stages

Tips and traps for different ages

Keen to hear more? Check out our other episodes on the Australian Finance Podcast.

Want property tips? make sure you check out other episodes of the Australian Property Podcast.

Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.

Rask Resources

Pete's Buyers Agency: https://www.allenwargent.com.au

PreSales for Gemma’s book The Money Reset- https://amzn.to/42Uz0aK

Amy Lunardi Buyers Agency (Melbourne) www.amylunardi.com.au 

Alcove mortgage broking: https://www.raskmedia.com.au/services/mortgage-broking 

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan 

Invest with us: https://bit.ly/R-invest 

Access Show Notes: https://bit.ly/R-notes 

Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices