The Richards Report

Paul Benson is a financial adviser, a fellow podcaster, and an author. I'm interested in all three 'hats' that Paul wears so we cover a lot of different topics in this episode.

We discuss;

Goal Setting and why it's important

Budgets to help you achieve your goal

•The 50/20/30 Method

•The Reverse Budget

•The big cut strategy

•The track your spending approach

•Zero-based budgetingStocks

Property

Financial advice

Financial Autonomy (book)

Financial Autonomy (podcast)

Guidance Financial Services

Paul Benson: Twitter

This episode is brought to you by Six Park, one of Australia's leading online investment management services. Visit Six Park to find out more information www.sixpark.com.au

Topics discussed are just of a general nature and for informational purposes only. This information and the information discussed in the podcast does not qualify as personal financial advice.

In this episode I speak with Senator Jane Hume, the Assistant Minister for Financial Services, Fintech and Superannuation. We discuss the following topics;

Open Banking

The Consumer Data Right involves the sharing of your data with an accredited provider, and allows Open Banking to fuction. Launched in July 2020, it will focus for now on the banking sector, but in time the Consumer Data Right will move beyond financial services to other 'grudge' purchases like energy and insurance providers.

Superannuation

Jane acknowledges that despite the Australian super system being the envy for the majority of the world, it's still an imperfect system. There's a lot of options out there which can make selecting a fund difficult for people. On top of this there's persistent underperformers, issues around duplicate accounts, and insurances are still being paid by many people that aren't aware of what they're paying.

Financial Services

We discuss the different ways in which financial advice is becoming more accessible and affordable for Australians. Single issue advice can help with the affordability issue for those that don't have the financial capacity and/or time that holistic advice requires (e.g. the recent early release of super). Tech enabled solutions can help solve for accessibility issues people may face in trying to souce advice. We also discuss how robo-advice, which often combines technology with single issue advice, and how it can be a solution to help people looking for more affordable and accessible ways of getting financial advice.

This episode is brought to you by Six Park, one of Australia's leading roboadvisers. For episode shownotes visit www.sixpark.com.au

Reviewing the first half of 2020 so far. Topics covered;

•COVID

•Investing in tech

•The similarities between 2020 and 1968

•Rebalancing portfolios

•Lifestyle creep

•Sporting industries

This episode is brought to you by Six Park. Click here to take the free risk assessment and to receive your free investment recommendation www.sixpark.com.au

Fable Food are an Australian alternative meat producer that use shiitake mushrooms as the base of their product.

Fable launched in Dec of 2019 and are backed by some high profile investors including Heston Blumenthal and Mike Cannon Brookes. They have already signed deals with some major Australian retail chains including Woolworths and Harris Farm Markets.

In this episode Ted and Michael discuss;

•the origins of the business

•the background behind the product

•the challenges that COVID-19 presented to their business strategy

•how they've successfully pivoted to capitalise on new opportunities during the pandemic.

This episode is brought to you by Six Park, one of Australia's leading online investment management services. www.sixpark.com.au

For this episode Ted speaks with Ray McLean who is the founder of Leading Teams, a group of experienced facilitators that assist sporting and corporate teams to lift their performance. You may be familiar with Leading Teams as they have been very successful with some high profile sporting teams over the last few decades.

Ted first crossed paths with Ray back at the end of 2005 when he joined the Sydney Swans from his previous AFL club, the Essendon Bombers.

In this podcast episode they discuss;

•The importance of core values in determining accepted behaviour

•Embracing "genuine" conversations

•The Test (Amazon Prime) and The Last Dance (Netflix) documentaries and the accepted behaviour these sporting teams allowed.

A lot of the conversation is centred on sport, but there are many similarities between the sporting and corporate worlds. In particular, they're both highly competitive where gaining just a small edge can make a big difference to the outcome.

This episode is brought to you by Six Park, one of Australia's leading online investment management services. www.sixpark.com.au

In this episode Ted has a follow up discussion with Pat Garrett (Six Park co-founder and co-CEO). Pat and Ted recorded an episode five weeks earlier (mid March 2020) and in this episode they revisit the topic discuss what (if anything) has changed from their views on investing at the time of COVID-19.

They also answer questions sent in from listeners related to;

•The winners and losers so far from COVID-19

•The disconnect between events in the news and day to day movements of the share-market

•The difference between industry and retail super funds

•How this may impact peoples view of the benefits of cash and savings

This episode is brought to you by Six Park. Show notes for the episode can be found here

Ted speaks with Psychologist Ellen Jackson from Potential Psychology about stress and anxiety and how it can impact our decision making.

Our brains like predictability to make meaning in life, but often there's a lot of uncertainty which can create stress in our lives. Stress and anxiety can manifest in so many forms, be it for health, financial or other reasons.

When uncertainty increases like what we're seeing with COVID-19 we can become more focused on ourselves and may shorten our time horizon in how we view things. In times of heightened stress people may search for control so they look to control whatever they can. A lot of the time this may not be rational and in our long term best interests, be it hoarding large amounts of toilet paper, or selling investments at the worst possible time.

In the discussion Ellen also outlines some tips and advice we can implement every day to help reduce stress in our lives.

Show notes for the episode can be found here;

https://www.sixpark.com.au/the-richards-report-episode-37-ellen-jackson-potential-psychology/

You can find out more information on Ellen and Potential Psychology here;

Potential Psychology website

Podcast

Facebook

This episode is brought to you by Six Park, Australia's leading online investment manager

Discussing with Six Park co-Founder and Co-CEO the affect COVID-19 is having on the sharemarket and how it compares with other bear markets in history.

Also discuss COVID-19 potential influence on the next US election, the closure of many major sporting codes and schools around the world and potential positives to come out of this black swan event.

This episode is brought to you by Six Park, Australia's leading online investment manager.

Ben Carlson is a Director of Institutional Asset Management at Ritholtz Wealth Management and the person behind the fantastic blog, A Wealth of Common Sense.

Ben has recently released a book called 'Don't Fall for it'. The cover of the book describes it as a short history of financial scams, but it's really much more than that.

In this podcast episode we discuss some of the fascinating anecdotes of succesful scams over history, but we also discuss the psychology behind why scams can be so successful on their targets.

Show notes for the episode are available on the Six Park website.

After a successful AFL football career Glenn Lovett moved into the world of international sports marketing and has since worked in Melbourne, London and New York. We discuss different sporting codes and the new trends emerging around the world.

We talk about where it all began for Glenn back at the Melbourne Demons playing AFL football, and his progression into his next career. We talk about the NBA, the NFL, the EPL, the IPL, and of course AFL.

This episode is brought to you by Six Park. One of Australia's leading online investment managers www.sixpark.com.au