This is a repeat of listener favourite episode 297 When to take advice.

Do you like taking advice from other people? Or do you listen half-heartedly before doing the exact opposite of what they have suggested?

In this episode, Michael and Dallas delve into when, and from whom, you should take advice – and why an ‘expert in all areas’ is really an expert in no areas.

For more information, please visit www.mo50.com.au

This is a repeat of Listener Favourite of episode 218 3 simple things (in retirement planning). 

In this episode (from all the way back in 2021), Michael and Dallas sat down and discussed how simple it can be to get ahead financially, but also how hard it can be to not make an error through panic.

Michael uses a real-life example of investing at the worst possible point in time (i.e. right before the Global Financial Crisis), explaining how keeping to the plan and not panicking creates a positive outcome. 

For more information, please visit www.mo50.com.au

This is a repeat of episode 248 The best way to avoid panicking in a downturn is not to panic!

One of the quickest ways to derail your retirement or investment plans is to PANIC! It might be hard not to react, but panicking at the sight of downturns can undo all of your hard work.

For more information, please visit www.mo50.com.au

This is a repeat of Listener Favourite: Fridges with ice makers

Bringing you another Listener Favourite this week - Fridges with ice makers!

When you were a kid, do you remember visiting friends’ fancy houses and comparing them to your own? For Dallas, the epitome of a fancy house was one that had an ice maker. If one of his friends had a house that featured one of these, in his eyes, they had really “made it” in life. 

As an adult, Dallas is now contemplating becoming one of these people. Yes, he wants a fridge with an ice maker, because – well, they’re pretty cool. So should he spend the money on it, and when? And is it really worthwhile?

This episode is not about fancy fridges or rich friends – it’s about making thoughtful financial decisions. Dallas and Michael discuss what and when to spend your money on (and when to hold onto it, instead). Spoiler alert: when it comes to your money, financial advisers are not always as frugal as you may think!

For more information, please visit www.mo50.com.au

This listener favourite episode is all the way back from April 2020; but is still relevant today!

In this episode, Dallas and Michael discuss owning residential property in retirement, and highlight the many negatives that come with owning this type of asset.

For more information, please visit www.mo50.com.au

Whether or not you are a fan of horses, this tale about our equine friends will have you thinking about your money in a different way.

In this episode, Dallas and Ali discuss Red Boom and Sky High, two horses that have very different strengths. How we compare them depends on what metric we use, as with our cash and investments. So how does your money metric compare? Giddy up – let’s find out!

For more information, please visit www.mo50.com.au

Did you know that there is a maximum age limit for making personal contributions to your superannuation fund? That age is 75, but there’s a twist to this rule.

In this episode, Dallas and Ali discuss the twist, and exactly how late you can contribute to your super fund (to the day!). So if you’re in your 70s (or not far off!), this podcast is for you.

For more information, please visit www.mo50.com.au

July 1st, 2024 is just over a year away, and it’s an important date for the financially savvy. 

In this episode, Dallas and Ali discuss the yearly concessional contributions cap and what the carry forward opportunities mean for you. Making the most of this opportunity doesn’t just boost your tax savings; it also increases your retirement savings, too.

For more information, please visit www.mo50.com.au

You may or may not have heard that from 1 July 2024, there are going to be tax cuts. What does that mean? How does that affect you? And most importantly, is there anything you can be taking advantage of before the changes?

In this episode, Dallas and Ali sit down and discuss these questions, and give an example on how the current tax brackets can be used to increase your tax return.

For more information, please visit www.mo50.com.au

This is a repeat of one of our listener favourites.

If you wanted to lose weight, would you sit on the couch eating donuts, or have a salad and do some exercise? The answer is simple, yet many people don’t achieve their goals. Often, we want things to happen right away. This is instant gratification. And like losing weight, saving money and preparing for retirement is a long game. 

In this episode, Dallas and Michael discuss the difficulties of investing in the long term – and why some people succeed while others don’t.

For more information, please visit www.mo50.com.au