MilSpouse Money

Today we talk with Mai Platts from Betashares about the basics of ETFs (Exchange Traded Funds). Mai takes us through what an ETF is, how they work, and some important things to consider not just with ETFs but also individual stocks and managed funds. We also answer a very important question that concerns people - what happens if the fund manager is no longer in operation, what happens to an individual's shareholdings.

Resources mentioned in the episode:

Betashares.com.au

Morningstar.com.au

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

We talk with Wayne, a veteran and fellow financial planner about how to set your military family up for financial success to prepare for life post-military.

We cover how Wayne used the military as a vehicle to set himself up for financial success, how to prepare for a transition from the military whether that's by choice or by necessity, the importance of paying attention to your entitlements as well as who to talk to if things go pear-shaped. Wayne has some great tips for the military spouse and how you can make sure you're getting the right information you need to support your partner to transition while making sure you're across everything you need to know including all the benefits and the entitlements.

Resources/businesses mentioned in the podcast:

You can find Wayne at National Service Financial https://nationalservicefinancial.com.au/

Defence Community Organisation https://www.defence.gov.au/dco/, https://www.defence.gov.au/DCO/Transition/

Department of Veterans Affairs https://www.dva.gov.au/civilian-life/transition-civilian-life

CTAS https://clik.dva.gov.au/rehabilitation-policy-library/4-adf-rehabilitation-programs/44-interaction-ctas-goal-3-clients/441-career-transition-assistance-scheme-ctas

DHOAS https://www.dhoas.gov.au/

Transition Seminars https://www.defence.gov.au/DCO/Transition/YourTransition/seminars.asp

Finding an advocate https://www.dva.gov.au/civilian-life/finding-advocate

HPAS https://pay-conditions.defence.gov.au/buying-home-using-home-purchase-assistance-scheme-hpas

Defence Health https://www.defencehealth.com.au/

3CIR https://www.3cir.com/services/

The Veteran Life podcast https://nationalservicefinancial.com.au/podcasts/

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

#defence #navy #raaf #army #airforce #medicaldischarge #milspousemoney #transition #dhoas #ctas #military #money #investing #msbs #savings...

Today your host Trish Gregory, a Financial Planner, takes you through what a financial planner is, what they do and what you can expect from them. She also provides some valuable tips on how to choose the right Financial Planner/Adviser for you and some things to look out for when talking with a Financial Planner/Adviser

LINKS MENTIONED IN THE EPISODE:

ASIC Financial Adviser Register: https://asic.gov.au/for-finance-professionals/afs-licensees/financial-advisers-register/

ASIC MoneySmart - Financial Counsellor: https://moneysmart.gov.au/glossary/financial-counsellor

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

We talk with Jess who recently used the First Home Super Saver Scheme (FHSSS) to purchase her first home with her husband about the ins and outs of the scheme, why or when you might use it, and whether it can be used in conjunction with any other military or civilian benefits. There are some important considerations we go over including DFRDB and MSBS super schemes as well as the psychological benefit of using a scheme like this.

If you're looking to save for your first home, have a listen.

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

We chat with Karen about how her health challenges (including 2 kidney transplants and being in a coma!) have affected her and her military husband's earning potential. Karen shares her and her husband's early smart money decisions and how they impacted some very dark health times. We discuss her travels around Australia and internationally and she rounds out the conversation with an important lesson we both think everyone should hear.

If you haven't given any thought to how your health and earning potential intersect, this is episode is a must-listen.

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

If you're a parent you'll love this episode! On International Women's Day 2021 we talk with Lyndsay Freeman about how early money influences have led to her financial security. She tells us the differences between her parents' money styles, how her mother introduced the concept of money and delayed gratification at an early age as well as how she was strongly 'nudged' to avoid lifestyle creep once her income increased.

If you've ever wondered if talking about money with your children makes a difference, make sure you listen to this jam-packed episode.

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

We talk with Monica about her experience getting free or heavily subsidized travel using her skills as a travel writer while moving around Australia with her Army husband. She tells us how she started, gives us behind the scenes info on the income as well as the effort and time involved in being a travel writer. She's travelled to Singapore and Thailand for free, been published in plenty of publications, and has some wonderful travel stories to share (wet season cyclones anyone?). If you'd ever thought of writing about the amazing locations you visit or temporarily live in, this episode is a must-listen.

Resources mentioned in the podcast:

Australian Society of Travel Writers astw.org.au

The Freelancers Year blog thefreelancersyear.com

Monica's website www.monicamcinnes.com

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

We talk with Christine about the awesome benefits you can take advantage of when living the military family life, especially if you have a remote posting. However, there are some benefits that can trip you up depending on your life circumstances and others that might not be worth it. We talk Remote Locality Leave Travel, the Partner Employment Assistance Program, Defence Home Ownership Assistance Scheme, and importantly how Fringe Benefits Tax might affect those benefits.

Links for more research below:

District Allowance: https://defence.gov.au/PayAndConditions/ADF/Chapter-4/Part-4/Div-1.asp

Remote Locality Leave Travel (RLLT): https://www.video.defence.gov.au/PayandConditions/ADF/Chapter-9/Part-4/Div-4.asp

ADF Family Health Card: https://adffamilyhealth.com/

DHOAS: https://www.dhoas.gov.au/

Fringe Benefits Tax (FBT): https://www.video.defence.gov.au/PayAndConditions/ADF/Tax-alerts/Div-2.asp

Family Tax Benefit: https://www.servicesaustralia.gov.au/individuals/services/centrelink/family-tax-benefit

Rental Allowance: https://www.video.defence.gov.au/PayAndConditions/ADF/Chapter-7/Part-6/Div-5.asp

Rental Assistance: https://www.servicesaustralia.gov.au/individuals/services/centrelink/rent-assistance

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

We talk with Alison about how her differing income with each move as a military family has proved to bring with it some important money planning lessons. From taking on debt in a cashed-up location to the realities of starting all over again in a new location, as well as how she handles being a one vs two income family, there are some fantastic takeaways in this episode.

To continue the conversation, go to the MilSpouse Money Facebook group: https://www.facebook.com/groups/milspousemoney/ or follow along to our MilSpouse Money the Podcast page: https://www.facebook.com/MilSpouseMoney

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

We talk with Bonnie from The Avid Organiser about low-cost and free ways to start your small business or side hustle right so you can take your business wherever the military sends your family, be that across Australia or the world, or whether your partner is deployed, regularly on a ship or out field, or even if you're MWDU.

To continue the conversation, go to the MilSpouse Money Facebook group(Military Spouses only): https://www.facebook.com/groups/milspousemoney/

Like our Facebook page so you're notified every time an episode is uploaded https://www.facebook.com/MilSpouseMoney

Mentions in this episode:

Canva (design) www.canva.com

Wave (invoices) www.waveapps.com

Xero (accounting) Xero.com

Asana (project management) Asana.com

Business Enterprise Centre becaustralia.org.au

PEAP program: https://www.defence.gov.au/DCO/Family/Partners/PEAP.asp

Follow Bonnie here:

Website: https://www.theavidorganiser.com.au/

Email: [email protected]

Instagram: https://www.instagram.com/theavidorganiser/

Facebook: https://www.facebook.com/theavidorganiser

DISCLAIMER:

Any information or advice contained in the podcast is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information or advice is suitable for your personal situation. Any products mentioned in this podcast are not to be taken as recommendations, before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.