In this Australian Finance Podcast episode, your hosts Owen Rask and James from Rask discuss key decisions 20-somethings face when starting their money journey.

Chapters (approximate)

(00:00) Introduction

(03:29) Transitioning Careers: From Retail to Financial Planning

(06:43) Listener Q&A

(08:12) What to Look Out For When Investing

(16:08) Should I Invest in Property or ETFs?

(26:24) First Home Super Saver Scheme Explained

(32:06) Financial Preparation for Starting a Family

(35:13) James' Best Investment

They cover:

– Whether to buy a one-bed apartment or start investing in ETFs

– How the First Home Super Saver Scheme (FHSSS) works

– Planning financially for a career change

– The impact of financial advice and creating buffers

– Lessons from James' own financial transition journey

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Topics Covered

– James’ journey: from retail to financial planner

– How to plan financially for a career change

– Emergency funds and budgeting during a transition

– What is the First Home Super Saver Scheme?

– Is 7% deemed return from FHSSS worth it?

– Should I buy a 1-bed apartment or invest first?

– Why some apartments don’t go up in value

– How household income affects home buying options

– The long-term benefits of ETF investing

– Why “rent money is not dead money”

– Financial planning for starting a family

– Building buffers and mapping your income gap

– James’ best investment (surprising!)

Resources for this episode

– Ask a question – just select the Finance Podcast

~~ 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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