The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

December 11, 2022Luke on 2CC – Christmas shopping, how to stay financially fit
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 9 December 2022. This week’s topic for discussion is one that everyone can take something from. As we approach Christmas, retailers help us all turn their attention to gift giving. And with high inflation rates this year the cost of Christmas shopping is higher than usual. This weeks topic is: How to spend money through Christmas, without blowing up your budget.
Key topics covered include:
No one wants to start 2023 with a large Christmas debt
Just like any significant purchases, with Christmas shippoing you need a plan
There’s nothing wrong with asking someone what they want, to avoid wasteful spending
Gift cards are great, they allow the receipt to buy what they want
If you want to control spending, go shopping with cash and leave the cards at home
At all costs, avoid buy now and pay later and short term lenders
As a family, make a rule not to buy adults presents, leave presents for the kids
Remember the current environment, rising interest rates and inflation are still going to probably be issues next year
How to use credit cards effectively
Make good use of offset accounts as the interest rates are typically cheaper than credit card rates
Use your frequently flyer points to buy gifts
Keep your receipts from Christmas shopping
Luke shares his top tips on getting through Christmas financially fit.
https://www.envisionfinancial.com.au/wp-content/uploads/2022/12/The-Strategy-Stacker-Luke-Talks-Money-09122022.mp3

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

Do you need financial advice to help you reach your goals?
Christmas can be an expensive time of year so it makes sense to have a spending plan so you get through it financially fit. Have a Merry Christmas!
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
19 min
December 04, 2022Luke on 2CC – How to maximise your pension?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 2 December 2022. This week’s topic for discussion is one that is important to consider once you’ve retired. How can you maximise your pension from your super? It’s an important step in your retirement to make sure you’ve got money to fund your life after work.
Key topics covered include:
The benefits of making a non-concessional contribution to super before you retire
The benefits of making a concessional contribution to super before you retire
Where might these contributions come from?
Pensions are tax free – so it’s a great vehicle to save and retirement
Self employed people can also benefit from making contributions
The downsizer contribution also allows you to put money into super
What are the things you should keep in mind when starting a pension?
Consider the estate planning issues for non-dependent adult children – how can you maximise your tax free components
Whose name your going to put a pension into, considering the transfer balance cap limits
Consider the tests too, ensuring you are eligible to make super contributions
Luke shares his insights into maximising your pension. Seek advice if you need help.
https://www.envisionfinancial.com.au/wp-content/uploads/2022/12/The-Strategy-Stacker-Luke-Talks-Money-02122022.mp3

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

Do you need financial advice to help you make the most of your retirement options?
Making the most of your superannuation while working is an important step in helping you maximise your pension in retirement. 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. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
21 min
November 28, 2022Luke on 2CC – How do you turn Super into a Pension?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 25 November 2022. This week’s topic for discussion is one that we’ll all need to consider at some point – How do you turn super into a pension? But they start the show by talking about the new company director number that company directors need to apply to the ATO by 30 November to avoid penalties.
Key topics covered include:
Many people don’t think about turning their super into an income until they retire
It is a fairly straight forward process, but where do you start?
Do you know your Commonwealth Preservation Age?
Have you met a condition of release?
Pension payments are very flexible – choose payments date that suit you
Request and complete the paperwork from your superfund to start a Pension.
How does tax work with a pension account compared to super account?
Do you have to give up work full time before you can start a pension?
What is a transition to retirement pension compared to a normal pension?
How much do you have to take from your pension each year?
Luke shares his insights into turning super into a pension. Seek advice if you need help.
https://www.envisionfinancial.com.au/wp-content/uploads/2022/11/The-Strategy-Stacker-Luke-Talks-Money-25112022.mp3

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

Do you need financial advice to help with own retirement planning?
Thinking about retirement in 2023? How do you go about turning your super into pension income payments? Seek advice if you need help to start your retirement planning.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
20 min
November 23, 2022Luke on 2CC – How to prepare for retirement – What should you consider?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 18 November 2022. This week’s topic for discussion is one that we’ll all need to consider at some point – How do you prepare for retirement and what should you consider as part of your pre-retirement planning?
Key topics covered include:
Retirement without planning means your likely to feel lots of uncertainty.
Retirement with a plan means you have more peace of mind.
Where do you start planning for retirement?
What do you currently live on and what do you need to live on in retirement?
Your income requirements may change in retirement, such as more weekly drycleaning perhaps?
What will you be doing in retirement with your new found time and how much will it cost?
Understand where you income is going to come from, don’t discount something part-time either.
Where do people have misconceptions about retirement planning?
Luke shares his insights into preparing for retirement.
https://www.envisionfinancial.com.au/wp-content/uploads/2022/11/The-Strategy-Stacker-Luke-Talks-Money-18112022.mp3

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

Do you need financial advice to help you prepare for retirement?
How will you spend your time in retirement? Good retirement planning will give you peace of mind and greater certainty. Seek advice if you need help to explore and make sense of your retirement options to have a happy retirement.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
18 min
November 13, 2022Luke on 2CC – Gearing and investments – How does it work?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 11 November 2022. They start the show by talking about a lotto win in China and the new company director registration requirements, the later of which is causing a hassle for many. It’s fair to say it’s been a poorly implemented initiative. This week’s topic for discussion however is: Gearing and investments – How does it work?
Key topics covered include:
What is gearing?
How do you secure a loan and what is a margin call?
An example of how gearing and investments works
What are the risks and rewards?
Know your loan to value ratio
What is positive and negative gearing?
Buying good quality assets is important!
Make sure you have strong cashflow
Luke shares his insights into gearing including keeping a buffer
And remember to plan for interest rate rises too – we’re probably not done with them yet!
https://www.envisionfinancial.com.au/wp-content/uploads/2022/11/The-Strategy-Stacker-Luke-Talks-Money-11112022.mp3

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

Do you need gearing advice to help you reach your goals?
Gearing and investments, there’s a great deal to consider. Seek advice if you need help before using this financial planning strategy. It can accelerate both returns and losses and is not a strategy for the risk adverse.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
20 min
November 08, 2022Luke on 2CC – Who is on your advice team and what can they do for you?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 4 November 2022. They start the show by talking about a review into financial advice that’s happening to make advice more accessible. This week’s topic for discussion however is: Who is on your advice team and what can they do for you? It’s hard to go it alone sometimes, so surround yourself with good advice providers.
Key topics covered include:
Assumptions often cause bad financial outcomes – why have an advice team?
The role of a financial planner and other advisers
The impact of your social group on your decision making
The challenges of going it alone
Do you know what opportunities you’re missing out on?
Luke shares his insights where people make errors
Finally, Luke shares his top tips around getting the most out of your team – don’t be afraid to ask lots of questions!
https://www.envisionfinancial.com.au/wp-content/uploads/2022/11/The-Strategy-Stacker-Luke-Talks-Money-04112022.mp3

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

Do you need advice to help you reach your goals?
There’s real benefit to having good advice team around you. You might not need them all the time, but there’s peace of mind knowing you have access to people you trust. Build your advice team if you haven’t.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
20 min
November 02, 2022 Luke on 2CC – How to use interest only loans to your advantage
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 28 October 2022.#160; They start the show by talking about #8216;World Champagne Day#8217;, it#8217;s apparently a real day. This week#8217;s topic for discussion however is: How and why to use interest only loans? How can they be used #8230; Luke on 2CC #8211; How to use interest only loans to your advantage Read More #187;
19 min
November 02, 2022Luke on 2CC – How to use interest only loans to your advantage
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 28 October 2022. They start the show by talking about ‘World Champagne Day’, it’s apparently a real day. This week’s topic for discussion however is: How and why to use interest only loans? How can they be used to for your advantage?
Key topics covered include:
Firstly, what’s the difference between interest only loan and principal and interest repayments?
The kinds of repayments you make should depend on your goals
Principal and interest repayments will pay of the loan, but so will interest only repayments provided you also use an offset account
Are you a good saver? Why is this an important question when using an interest only loan?
Offset accounts provide you with the ability to save, and the bank reduces the loan by the value of the offset account
What are the benefits of an offset account?
How can a good broker help?
Also be careful – an offset account is not the same as a redraw facility
Finally, Luke shares his top tips around using an interest only loan to help you reach your goals.
https://www.envisionfinancial.com.au/wp-content/uploads/2022/11/The-Strategy-Stacker-Luke-Talks-Money-28102022.mp3

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

Do you need advice to help you reach your goals?
How you pay back your loan should fit with your goals. A mortgage is a long-term commitment and you should seek advice if you need help. A mortgage broker can also help you survey the marketplace for a better deal.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
19 min
October 24, 2022Luke on 2CC – Rising interest rates and your mortgage
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 21 October 2022. They start the show by talking about luxury car tax, a tax that was introduced to protect the Australian car manufacturing. This week’s topic for discussion however is: Rising interest rates and your mortgage. They are on the rise after a long period of being at record lows, so what might mortgage holders think about?
Key topics covered include:
Rising interest rates are expected to continue through to Christmas and perhaps into early next year.
If you’ve got term deposits, keep the terms short to take advantage of a rising interest rate environment.
For those with loans, Luke offers several different strategies to consider.
Luke explores the benefits of using a mortgage broker.
Are there other things you can consider in the family budget with rising costs?
The benefits of paying with cash.
Putting money into super vs mortgage repayments
Also look at credit cards, look at lower costs options.
Finally, Luke shares his top tips around those with mortgages in a rising interest rate environment
https://www.envisionfinancial.com.au/wp-content/uploads/2022/10/The-Strategy-Stacker-Luke-Talks-Money-21102022.mp3

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

Do you need advice in a rising interest rate environment?
If you hold a home loan, there’s a range of strategies to consider in a rising interest rate environment to help manage your cashflow. 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. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
18 min
October 17, 2022Luke on 2CC – Volatility and rising interest rates
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 14 October 2022. Leon returns to the studio this week, after having a week off. This week’s topic for discussion is: Market volatility. We’ve seen a bit of volatility in markets recently, how should smart investors react to it?
Key topics covered include:
During market volatility, how can you think about it to make more sense of it?
For individuals it’s your risk profile that should guide you on how to invest. Do you know your risk profile?
Your emotional reaction in times of market volatility is a good indicator of what your risk profile might be
Knowing your underlying investments are sound in times of volatility can provide peace of mind
Rising interest rates – term deposits are likely to go up to, as interest rates are still likely to rise into the near future
Also think about Capital Gains Tax. Sell and buy to offset future gains
Think about dollar cost averaging into new investments
Finally, Luke shares his top tips around investments, rising interest rates and market volatility
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/10/The-Strategy-Stacker-Luke-Talks-Money-14102022.mp3

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

Do you need investment advice?
In times of market volatility, your true feelings about risk and return might come through. Seek advice with investing, to help you manage risk while working towards achieving your goals.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again and sharing more news about the book that’s coming in 2023!
18 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…