Friends With Money

Are you getting the best deal from your bank?

Open banking is set to transform the Australian banking industry, putting power back in your hands

Maxime Chaury, co-founder of Upworth and open banking specialist, joins Money's Michelle Baltazar together they reveal how to make your money work harder under the new financial landscape.

• Are we getting the most out of our banks?
• What exactly is open banking?
• How can you harness its power to take control of your finances?
• is open banking safe and secure?

Links: Upworth website

#friendswithmoney #michellebaltazar #openbanking #maximechaury

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Thematic ETFs can give investors exposure to particular sectors, geographies or trends happening in the broader market, but they’re not without their risks.

This week on the Friends With Money podcast, Money’s Tom Watson is joined by founder and chief executive of Stockspot, Chris Brycki, to dig into thematic exchange traded funds and the role they can play in portfolios. They discuss:

• What thematic ETFs actually are
• The thematic ETF versus index ETF approach
• Tech and sustainability as themes and the ETFs on offer
• How technology and sustainable ETFs have performed
• The risks of jumping on trendy thematic ETFs

#friendswithmoney #tomwatson #chrisbrycki #investing #etfs

Mind the Gap 2024 report: https://www.morningstar.com/lp/mind-the-gap

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Did you know that most superannuation accounts come with insurance?

In this week's Friends With Money podcast, Michelle Baltazar sits down with lawyer and author Melisa Sloan to unravel the world of superannuation insurance.

They delve into:

• The pros and cons of insurance within and outside your super fund
• What is TPD insurance and when can you use it
• How you might unintentionally void your own super insurance 
• The two types of occupation insurance, and more!

#friendswithmoney #michellebaltazar #melisasloan #superinsurance

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Private credit as an asset class has grown into a $3 trillion sector after super funds and big investors started piling in. But is it a good addition to a typical investor portfolio?

Money's Michelle Baltazar takes a deep dive into this investment opportunity with private credit expert Paul Miron, co-founder of Msquared Capital, on this week's episode of Friends With Money.

• What exactly is private credit?
• How much do you need to get started?
• What fees are involved? 
• Most importantly, what are the potential risks?

#friendswithmoney #michellebaltazar #paulmiron #privatecredit

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It’s easy to start investing, but have you got the foundations, goals and financial structures in place to set yourself up for success?

This week on the Friends With Money podcast, Money's Tom Watson talks with author and host of the This is Money podcast, Glen James, about the tips and lessons he’s taken away from his investment journey so far.

• What made you want to write The Quick-Start Guide to Investing?
• What should investors do before they even start trading?
• How can investors identify their blind spots?
• Why is cementing an investment strategy so important?
• Where’s the sweet spot between overconfidence and analysis paralysis?

#friendswithmoney #tomwatson #glenjames #investing

Links: Money, Money, Money podcast

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With the rising cost of living squeezing budgets, many are finding it harder than ever to make ends meet.

Sometimes, turning to family and friends for help can feel like the only option. But lending money can be tricky. How do you balance financial support with protecting your relationships?

On this episode, Money's Michelle Baltazar chats with the founder of Chipkie, Michelle Lomas, about the best way to lend money to family and friends.

They discuss:

• The financial pressure created by a rising cost of living, especially when it comes to buying a home
• the complex emotions of borrowing from family & friends
• Tips for lending money with confidence, ensuring repayment, and keeping your relationships strong

#friendswithmoney #tmichellebaltazar #michellelomas #lending

Episode Links:

Chipkie

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Been scammed? You're not alone.

Scams cost nearly $3 billion dollars in 2023 according to the ACCC, but there's hope at hand.

In this episode of the Friends With Money podcast, financial adviser and "On Your Own Two Feet" author Helen Baker joins Money's Michelle Baltazar as they unlock the secrets to help rebuild your finances and protect yourself from cybercriminals.

• What should you do in the first 48 hours after being scammed?
• How do you protect yourself from future fraud?
• Don't get into more debt!
• Steps to bounce back from your loss

Links:

Protect yourself from scams

Report a scam

#friendswithmoney #michellebaltazar #survivegettingscammed #helenbaker

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How have local and international markets performed in 2024 and how are things shaping up in the months to come?

That’s the topic of discussion on this episode of the Friends With Money podcast featuring Money's Tom Watson and chief investment analyst at Wealth Within, Dale Gillham.

• What’s driven the performance of the ASX so far this year?
• Which Australian companies and sectors have performed well?
• What have been the standout international markets?
• How are markets expected to fair over the coming months?
• Will the US election have an impact on markets?

#friendswithmoney #tomwatson #dalegillham #shares

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Planning for aged care can feel overwhelming, but it's an important conversation to have.

This week on the Friends With Money Podcast, financial expert Michelle Baltazar and aged care specialist Caroline Rees tackle your questions about:

• Key considerations for making informed decisions
• Funding options to navigate the financial aspects
• Tax implications to understand the financial landscape
• Getting started on the planning process

#friendswithmoney #tmichellebaltazar #carolinerees #agedcare

Episode Links:

myagedcare.gov.au

Retirement income strategies 

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Caroline Rees is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides  financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning  Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and  target market determination before making a decision which are available  at  www.telstrasuper.com.au .

In this bonus episode of the Friends With Money podcast, Grant Hackett, the CEO of GenLife, joins Money's Vanessa Walker to discuss why Bonds might be the right choice for your portfolio.