Thanks for being part of the Money: Faith & Finance movement.

Next season we're diving into these topics: 

Exploring Legacy, Financial Sacrifice, and Community Support
Tax Time Tips and Changes in Australia
Should Adult Children Pay Board While Living at Home??
Exploring Car Costs and Environmental Impact

Got a question for the Money Men? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Overtime. We all do it. Many of us don't get paid extra for it.So, should you do any? What about the RIGHT TO DISCONNECT??

What are reasonable expectations for salary employees, wage workers, and business owners? Pete and Ben consider this prickly aspect of earning as living costs rise.

Got a question for the Money Men? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Key Takeaways:

Cozy Fizz Explained: Or how the rising cost of living impacts luxury items and discretionary spending.

Wants vs Needs: Working out what is essential.

Economic Pressures: Small businesses, particularly in niche markets, must consider the particular sting of inflation and other financial factors.

Strategic Spending: Tips for managing finances by balancing quality purchases with affordability and necessity.

Notable Quotes:

"The more money you spend on vanity, the less money you've got to spend on humanity." - Pete Burrows

"It doesn’t cost that much more to make a fancy handbag. It’s just the name on it." - Pete Burrows

"Everybody wants to get something that’s a bit different, a bit unusual, and that comes out in people’s drinking tastes." - Pete Burrows

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Before we get to Season 8, here's an oldie but a goodie from Season 3. In case you missed it...

A lot of us don't like to talk about money and church. But that's not Ben and Pete. They dive headlong into the biblical (yet divisive) universe of giving to your local church. The angle they take is not what you expect. The offerings they bring, though, are right up your alley because Ben and Pete discuss how you can give AND why.

Share this with your church family to help you wrestle with the methods and motivations for financially supporting your church.

Got a question for the Money Team? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

About Our Guests:

The Bottle Kids - Colette, along with her children Romario, Valentina, Giovanni, and Isabella, share their inspiring journey of entrepreneurship and philanthropy. The family has gained recognition for their innovative approach to recycling through the Return and Earn scheme, which has been lauded by Keep Australia Beautiful, The Sunday Telegraph, and their local community. See them channel their inner Barefoot Investor as they explain what they did together to be able to save, spend and give!

Key Takeaways:

• Everyone, and we mean EVERYONE, can give back from the portion that they have.
• The pride in a parent’s heart, seeing their children succeed at any stage of life, is good for the soul of the parent (and the kids!).
• Raise your kids to be confident with money.
• Celebrate the small and big things in life.

Notable Quotes:

• "It actually just feels so good to be able to do something with that gratitude." — Colette

• "Because like, we've taken all the bottles." — Giovanni

• "Once we get a lot of money to donate, we all pick a place to donate it to." — Romario

• "You'll never know what you're capable of until you try." — Colette

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode. 

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Did you see this? The Australian Financial Review presented an attention-grabbing overview of the struggle between spending on a wedding and spending on a house deposit. Pete and Ben take this stark contrast in financial priorities and discuss what should we do when major events and moments compete. Beyond the wedding/house deposit scenario, are we also considering the value of what the wedding is all about – the marriage being entered into? 

Key Takeaways:

• Aim to spend within your means on a wedding, avoiding loans whenever possible, to ensure financial stability.

• Wedding expenses can divert funds from other major investments such as home deposits.

• Managing your own competing aspirations requires balance and planning.

• While wedding costs will rise, alternatives such as simpler ceremonies and weekday weddings offer budget-friendly options.

• Investing in marriage and relationships is as crucial as investing in property, encouraging thoughtful prioritisation.

Notable Quotes:

• "I think you've got to spend what you're comfortable with." – Pete Burrows

• "Life is compromises. If two things seem expensive… maybe the wedding will seem like the thing that has to go by the wayside." – Pete Burrows

• "Invest in your marriage first and invest in other stuff after that." – Ben McEachen

• "There's nothing wrong with being upfront about what everybody can contribute to [the wedding]." – Pete Burrows

READ MORE: "Couples are dumping their wedding plans to buy this instead" by Lucy Dean, The Australian Financial Review

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode. 

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Join the Money: Faith & Finance Youtube Page!

Key Takeaways:

• Reconsider the significance of Easter in your financial planning, much like how you budget for Christmas.

• Explore ways to celebrate Easter meaningfully with lunches or dinners, involving family and friends.

• Consider alternatives to Easter spending, like creating your own decorations or planning holidays well in advance to save money.

• Reflect on Easter as a time to relax and unite with family, focusing on the significance of Jesus rather than just the commercial aspect.

• Engage with community and bring others into traditional celebrations, especially those who might be alone at Easter.

Notable Quotes:

• "It's not about the flavour, it's about the saviour."

• "I reckon it should be less about the bunny, more about the money."

• "Show me the heart. It's relax and reflect, not just spend money."

• "Easter is the new Christmas. That's what I'm hearing."

• "We [can] love what it represents about what Jesus did for us on the cross."

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode. 

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

MEET OUR GUEST: Roger Montgomery has more than three decades of experience in funds management, equities analysis, trading, and stockbroking. He is the founder of Montgomery Investment Management, a boutique Australian investment firm catering to individuals, families, and their advisors. Roger is also the author of "Value.Able," a guidebook for the stock market aimed at successful investing for the next generation. Beyond his professional endeavors, Roger regularly appears on ABC Radio, ABC TV, The Australian and AusBiz.

Key Takeaways:

• Alternative investments, like private credit, can provide attractive returns with manageable risks when thoroughly researched.

• Understanding your risk tolerance and diversifying investments can lead to financial growth while minimising stress.

• Private credit is emerging as a new asset class that could complement traditional investments in providing consistent income, especially for retirees.

• Informed decision-making, aided by expert guidance and due diligence, is crucial in navigating the realm of alternative investments.

Notable Quotes:

1. "I do believe that our conscience is God's voice and that will ultimately determine the choices that you make." - Roger Montgomery

2. "Not to be scared. Seek advice if you don't know enough or do a lot of due diligence." - Roger Montgomery

Resources:

• More about Roger Montgomery: rogermontgomery.com
• Montgomery Investment Management: montinvest.com
• Roger's book: Value.Able (A guide for stock market investment)

 

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode. 

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Want quick, relevant advice for every stage of your life? Fantastic. You've come to the right place, as Ben and Pete ask seasoned finance expert Roger Montgomery to share his top tips for success. Broken down into different ages, Roger's No. 1 suggestions is a rapid-fire list you can instantly act upon. PLUS: Roger reveals how Jesus specifically shapes the core of his approach to money.

MEET OUR GUEST: Roger Montgomery has more than three decades of experience in funds management, equities analysis, trading, and stockbroking. He is the founder of Montgomery Investment Management, a boutique Australian investment firm catering to individuals, families, and their advisors. Roger is also the author of "Value.Able," a guidebook for the stock market aimed at successful investing for the next generation. Beyond his professional endeavors, Roger regularly appears on ABC Radio, ABC TV, The Australian and AusBiz.

Key Takeaways:

• Roger Montgomery shares life-stage-specific financial advice, emphasising a balanced approach to risk and reward, especially when young.
• Roger strongly believes successful investment is about treating stocks as parts of businesses, not as "gambling" entities.
• The Parable of the Talents inspires Roger’s professional approach, underlining stewardship and ethical responsibility in wealth management.
• Roger encourages Christians in finance to be open about their faith, asserting many in the industry share similar values.

Notable Quotes:

1. "My job is to read very specific things… to understand what [they] mean in terms of what the value of the business [is] doing."
2. "Don't play it too safe when you're in your 20s; have a go."
3. "You're still going to need growth. You're still going to need to invest in things that are going to go up in value."
4. "The moment I think I became a Christian… I just thought, that's a community that I want to be a part of. That's very different to the world I live in."
5. "The assumption is that people who work in finance aren't Christians [but] there's a huge number of Christian people in my industry."

Resources:

• More about Roger Montgomery: rogermontgomery.com
• Montgomery Investment Management: montinvest.com
• Roger's book: Value.Able (A guide for stock market investment)

 

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode. 

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Hope Breakfast co-host Danniebelle Whippy returns to the podcast to discuss her own experience of many generations living under the one roof. Danniebelle gets personal about how her family shares costs, plans and financial strains. With housing affordability being an ongoing issue in Australia, Danniebelle presents the best and not-so-best of households which open their doors to more family members (or friends).

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode. 

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.