The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

July 24, 2023Luke on 2CC – Investing in property. Part 3: Strata Management
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 21 July 2023. Luke this week is joined by Chris Miller, an experienced Strata Management at Vantage Strata. The topic this week for the show is: What does a Strata Manager do?
Key topics covered include:
Is Strata Management the same as Property Management?
Are there any differences in Strata within different types of property?
What’s the interaction between Strata Management and an Owners Corporation (body corporate)?
Do different states and territories have different laws?
What happens to Strata fees? What do they pay for?
What happens if there’s an emergency incident?
Finally, how can Strata Management help with the electrification of buildings for electric cars?
https://www.envisionfinancial.com.au/wp-content/uploads/2023/07/The-Strategy-Stacker-Luke-Talk-Money-21072023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help to map out your own financial plan?
Before investing in property, consider if Strata Managment will apply and what the costs are. Strata Management plays an important role in protecting your investment. Seek advice if you need help with your financial plan.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation. If you’d like to talk to Chris at Vantage Strata to talk about Strata Management, Luke and his team will be able to refer you to him at no cost. You can also contact Chris on 1800 878 728 or by clicking here.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
19 min
July 17, 2023Luke on 2CC – Investing in property. Part 2: Commercial Property
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 14 July 2023. Luke this week is joined by Mark Nicholls a Commercial Agent at Raine & Horne. The topic this week for the show is: Investing in property – Commercial Property – What are the key things to be aware of before you buy it.
Key topics covered include:
What are the different categories of commercial property?
How does commercial real estate compare to residential property?
How do commercial rental leases work?
Are there rules around what type of business you can put into commercial premises?
Are there any concessions buyers can get on commercial property?
Can more than one person buy a commercial premise together and can it be used in a SMSF?
Can you get a loan to buy a commercial property space?
Who pays for the outgoings on a commercial property lease? …It depends on the lease.
Finally, Luke shares his top tips to think about before investing in property
https://www.envisionfinancial.com.au/wp-content/uploads/2023/07/The-Strategy-Stacker-Luke-Talks-Money-14072023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help to map out your own financial plan?
When most people think about buying property, they think about a house not a commercial property. There are some important differences you need to be aware of. Seek advice if you need help with your personal financial plan.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation. If you’d like to talk to Mark at Raine & Horne about commercial property, Luke and his team will be able to refer you to him at no cost. You can also contact Mark on 0417 239 551 or by clicking here.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
19 min
July 09, 2023Luke on 2CC – Investing in property. Part 1: What to think about before you buy?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 7 July 2023. The topic this week for the show is: Investing in property – What do you need to think about before you make a decision to buy one?
Key topics covered include:
Why are you investing in property? A tax deduction is not the primary reason to purchase an investment property. Many people make this mistake, not thinking about the long-term factors or how it fits with their other assets.
There’s been a generational change in the way property works
Who will own the property? Will it held by an individual, a couple, a structure or a self managed super fund? There’s tax issues to consider too here!
Where are you going to buy it? Different states and territories have different rules.
What are you going to buy? Residential or commercial property?
Do your own real estate research – don’t rely on an agent to tell you everything you need to know.
Do you homework with strata if you’re buying into an apartment situation
Of course, think about rising interest rates and how will you pay the loan back too!
Finally, Luke shares his top tips to think about before investing in property
https://www.envisionfinancial.com.au/wp-content/uploads/2023/07/The-Strategy-Stacker-Luke-Talks-Money-07072023-1.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help to map out your own financial plan?
Investing in property should be considered part of your long term financial planning. There’s real medium and long term issues to consider as you approach retirement too. If you need help to plan your future, seek financial advice before you make big decisions.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
18 min
July 03, 2023Luke on 2CC – New Habits for a New Financial Year
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 30 June 2023. The topic this week for the show is: What are you financial new year resolutions? Will you make some changes to the way you do things or are there some new habits you want to adopt? Luke explores what some of those actions and behaviours might be, so you set yourself up for continued success.
Key topics covered include:
If you haven’t made a contribution to super by 30 June, you’ve probably left it too late for this financial year!
Start directing some money to something positive – Have you got a savings plan?
Set short term goals, they really help with long-term planning when used in succession
Implement and review as you go, reward yourself when you reach your goals
Budgets also make a difference – do you know where your money is going?
Educate yourself as there are often opportunities you are unaware of.
Finally, Luke shares his top tips around change and starting new habits for the new year.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/07/The-Strategy-Stacker-Luke-Talks-Money-30062023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with your own new financial year goals?
How will you start the new financial year? Will you start a savings plan, work on your budget or start educating yourself about financial planning? Start small but start something to make a difference! Seek advice if you need help.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
18 min
June 26, 2023Luke on 2CC – Luke’s top 5 risks in retirement and how to avoid them!
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 23 June 2023. The topic this week for the show is: What are the top 5 risks for people approaching retirement? If retirement is on the horizon there’s somethings you need to consider before you give up work. Make a plan and set yourself up for success.
Key topics covered include:
There are some risks for retirees, but you can avoid them if you have a plan.
Do you know what income you need to retire on?
Do you have debt? Can you pay it off before you retire?
Adult kids also present a risk to retirement! The bank of Mum and Dad is increasingly common.
Get money into super sooner as there’s limits to what you can put in each year.
Be strategic about how you use super funds – don’t forget about the tax issues!
Finally, Luke shares his top tips around starting your own plan for retirement and avoiding the top 5 risks.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/06/The-Strategy-Stacker-Luke-Talks-Money-23062023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with your own retirement plan?
By having a retirement plan, you can work to reduce the risks you face in retirement. A good retirement plan will help you set yourself up for success. Seek advice if you need help, you don’t have to go it alone.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
17 min
June 19, 2023Luke on 2CC – Should I salary sacrifice in the new financial year?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 16 June 2023. The topic this week for the show is: Salary sacrifice and super opportunities for the new financial year. The end of financial year is just around the corner and if you haven’t got your super contributions in check the due dates with your provider – some providers are saying they can’t guarantee processing your contribution if you leave it to the end of the month. In this episode however Luke explores opportunities for the new financial year. What are they? How can you use them to help meet your goals?
Key topics covered include:
What is salary sacrifice?
How does salary sacrifice work and what’s the tax benefit?
What is a personal deductible contribution to super?
Which approach is best for you to boost your super and get a tax outcome?
Don’t forget about the contribution limit – the amount you can contribute to super and get a tax deduction!
Offset accounts attached to home loans are also a great place to save money during the year before you make a deductible contribution to super.
What happens if I’m in a government or defined benefit super scheme? Can I open up another fund to use this strategy? Yes you can!
Finally, Luke shares his top tips around how to make the most of super opportunities in the new financial year.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/06/The-Strategy-Stacker-Luke-Talks-Money-16062023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with salary sacrificing or retirement planning?
Do you need help to work out how to contribute to super or perhaps start your super and retirement planning? It can be complex. Seek personal financial advice if you need help.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
16 min
June 12, 2023Luke on 2CC – How to reduce your working hours by starting a pension
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 9 June 2023. The topic this week for the show is: How to reduce your working hours by starting a pension. There’s lots of misinformation about retirement and when you can access your super. In this episode Luke explores the transition to retirement strategy which means you can continue to work while drawing an income from your super to plug the gap.
Key topics covered include:
Did you know you don’t have to stop working to access your super?
It’s called a transition to retirement strategy and it helps people reduce their hours while taking home the same pay
Perhaps you like your job but just want to work less or spend time doing something else perhaps a hobby
You can also use a pension to fund future deductible contributions to super or pay of the mortgage quicker while you continue to work full time
How old do you need to be to use this strategy? Do you know your preservation age?
Pension payments can be made fortnightly, monthly, bi monthly or yearly, depending on your fund.
How much pension can you take from your super?
Remember you still need a super account, as your employer will still need to pay you super.
How do you start using the transition to retirement strategy?
Finally, Luke shares his top tips around how to reduce your working hours and use the transition to retirement strategy.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/06/The-Strategy-Stacker-Luke-Talks-Money-09062023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help starting an income from your super before you retire?
Are you eligible for a transition to retirement strategy? If you need help to start your retirement planning journey seek advice. Pensions for super can be complicated it’s important to make the right decisions from the start.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
16 min
June 05, 2023Luke on 2CC – 30 June Super and Tax Strategy
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 2 June 2023. The topic this week for the show is: 30 June Super and Tax Strategy. The 30 June Super deadline is just around the corner. Don’t leave it until it’s too late if you’re considering a boosting your retirement savings and getting a tax deduction for this financial year.
Key topics covered include:
You can put your own money into super and get a tax deduction
How much can you put into super and get a tax deduction?
What about if you’re in a defined benefit scheme?
How do you make a contribution to your superannuation fund?
Notice of intent – make sure you lodge this form with your super fund to claim your tax deduction!
Pass your confirmation letter or email onto your accountant when they do your tax return
Why might you use this strategy – e.g. Capital gains
Also, you might have look back space to make an even greater contribution
Finally, Luke shares his top tips around the 30 June Super and Tax opportunity
https://www.envisionfinancial.com.au/wp-content/uploads/2023/06/The-Strategy-Stacker-Luke-Talks-Money-02062023-1.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with your personal financial planning?
30 June is just around the corner. Don’t miss your end of financial year super and tax opportunities. Seek advice if you need help before time runs out.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
18 min
June 01, 2023Luke on 2CC – Why do you need an Enduring Power of Attorney?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 26 May 2023. The topic this week for the show is: Why so you need an Enduring Power of Attorney?
Key topics covered include:
What is an Enduring Power of Attorney?
When might you need one?
Who should have one?
Being married doesn’t automatically give you legal rights to act for your spouse if you need to.
Also being a parent or a child doesn’t automatically give you legal rights to act for your family member.
How do you get an Enduring Power of Attorney in place?
Additionally, take care in who you appoint to act for you – people can act on different things too.
Don’t forget interstate issues on these matters – sadly not all states and territories work the same way.
Luke shares his top tips around making an Enduring Power of Attorney from a financial planning perspective.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/06/The-Strategy-Stacker-Luke-Talks-Money-26052023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with your personal financial planning?
Being married doesn’t give you legal permission to act on behalf of your spouse. Similarly, you can’t act for a parent of child if they become unwell. Seek advice on this important topic.
Luke as a Financial Planner can refer you to a solicitor at no cost . Luke himself can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more! Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other matter matters next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
19 min
May 22, 2023Luke on 2CC – What is a binding nomination and how does it work?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 19 May 2023. The topic this week for the show is: What is a binding nomination and how does it work?
Key topics covered include:
Your Last Will and Testament (your will) has no control over your super?
You need to have a binding nomination in place on every individual account you have.
What is a binding nomination exactly? How is it different to a non-binding nomination?
Did you know nominations can expire?
You need a witnesses when you make your nomination.
What happens in self-managed super funds?
How do you make a binding nomination?
What should you consider when making a binding nomination – consider the tax implications too for adult children.
Blended families create more complex estate planning considerations – seek advice.
Luke shares his top tips around making binding nominations.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/05/The-Strategy-Stacker-Luke-Talks-Money-19052023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with your personal financial planning?
Have you got your binding nominations in place on each of your superannuation funds? It can be complicated, especially with blended families. Seek advice if you need help.
Luke as a Financial Planner can refer you to an accountant at no cost . Luke himself can help you set up a financial planning strategy to help you achieve your personal financial goals, including binding nominations attached to your super or account based pension. Make an appointment to confidentially discuss investment, super, insurance or retirement planning. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other matter matters next week. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Smart Money Strategy is out now.
19 min

About The Strategy Stacker - Luke Talks Money

From the publisher's feed

Luke Smith is The Strategy Stacker. He's an experienced financial planner and each Friday afternoon talks about money with Leon Delaney on 2CC Talking Canberra. Luke's down to earth approach breaks…