The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

December 08, 2021Luke on 2CC – Got an investment property – What’s tax deductible?
Ask the Expert Paul Glass – What is tax deductible when it comes to an investment property?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 19 November 2021. Luke is joined by Paul Glass this week in the studio with Leon at 2CC. Paul is an Accountant at ‘The Firm’ in Braddon, ACT. This week’s topic: If you’ve got an investment property, what is tax deductible?
Key topics covered include:
The benefit of advice upfront
What is a cost base?
A deduction now or a deduction off your cost base for later?
What is the difference between a capital expense and a repair cost?
How does depreciation work from a tax perspective?
Some real life examples on how the issues work in real life
Understand your situation before you take action
What are the common things that are tax deductible?
Be organised when you talk to your Accountant
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/12/The-Strategy-Staker-Luke-Talks-Money-19112021.mp3

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

Do you need advice around investment property and tax deductions?
Seek advice before you make decisions about investments and tax deductions. It’s better to be informed upfront.
Luke is happy to refer to you to Paul Glass at the Firm in Braddon for Accounting and Tax Advice. Visit www.thefirmonline.com.au or call Paul on 02 6247 3555.
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, retirement and insurance. 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 podcast. We look forward to your company again.
19 min
November 27, 2021Luke on 2CC – Christmas Spending – How much is enough?
How to get through Christmas without doing too much financial damage.
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 26 November 2021. Luke joins Leon in the studio. This week’s topic: How to get through Christmas without too much financial damage? It’s that time of year again when Christmas Carols start playing in Shopping Centre’s across the country. Have you started your Christmas shopping and who do you need to buy for this year?
Key topics covered include:
How about asking them what they want?
Only buy for the kids (under 18) – it’s a great rule some families follow
Make a list for your shopping
Make gifts useful
Do your research and take advantage of sales
How will you pay for it? Credit cards and store credits – make sure you understand the pay back period.
Automate to pay back loans
Gift cards are more popular than ever
It’s not all about presents either – especially in light of covid, what’s really important this year?
Luke shares his top tips for Christmas spending
And remember Christmas isn’t about creating financial stress or getting into debt
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/12/The-Strategy-Stacker-Luke-Talks-Money-26112021.mp3

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

Is it time you gave yourself the gift of financial advice?
Christmas isn’t just about gift giving. It’s about spending time with family and friends and sharing some food, stories and laughter. Don’t put yourself under financial stress this 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 explore what you’d like to achieve with your own personal financial plan or retirement plan. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
17 min
November 17, 2021Luke on 2CC – What should my kids be doing with their money?
Parents often ask for ideas to help their kids
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 12 November 2021. Luke joins Leon in the studio. This week’s topic: What financially should my kids be doing? Teaching young kids about money is fairly easy, a piggy bank is a great place to start, but what should you tell them when they get into the teenage years and adulthood?
Key issues covered include:
This podcast offers some practical ideas and tools to talk about with your own kids
We must start by recognising today’s generation has a different experience with money than we did. We didn’t have after pay and we didn’t have facebook and Instagram peer pressure.
Spend less than you earn to save
Have realistic conversations about the value of time and compounding
Embrace technology to communicate with them – they love apps, find a savings or budgeting app
You save and I will match it, and loans not gifts and good values
Is your child a lion or a gazelle?
Sometimes things go wrong, and that’s ok – resilience is a good attribute to have
Investing and risk lessons
Luke offers his top tips and ideas for parents of teenagers and young adults.
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/11/The-Strategy-Stacker-Luke-Talks-Money-121121.mp3

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

Do you have your own financial questions you’d like answered?
Start early and help set your kids up for financial success later in life by teaching them about how money works.
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 explore what you’d like to achieve with your own personal financial plan or retirement plan. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
20 min
November 08, 2021Luke on 2CC – More top questions Luke is asked – Part 2
What do people ask financial planners?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 5 November 2021. Luke rejoins Leon in the studio. This week’s topic continues upon a conversation from 24th September – the top questions Luke is asked as a financial planner. This conversation Part 2, is likely to be as equally popular, as many common questions people have will be answered.
Key topics include:
I’m older now, so should I hold more cash and fixed interest?
What does risk mean in a low interest rate environment?
Does my Will cover superannuation assets?
What happens to the life insurance policy inside my super if I pass?
Does my Will let someone else access my superannuation?
What is my investment time horizon?
How does super earn income? Why are franking credits useful?
Do all shares pay franking credits?
If I don’t have an administration fee in my super, does that mean it’s cheap?
Can my super fund hold crypto currency?
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/11/The-Strategy-Stacker-Luke-Talks-Money-05112021.mp3

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

Do you have your own financial questions you’d like answered?
If you have financial planning questions, speak with a financial planner about finding some answers and perhaps put together a plan to reach your financial 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 explore what you’d like to achieve with your own personal financial plan or retirement plan. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
21 min
November 02, 2021Luke on 2CC – How to use a transition to retirement pension to work less in 2022.
Would you like to work less in 2022 and top up your income from your super?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 29 October 2021. Lockdown eases in the ACT and this week Luke rejoins Leon in the Studio. This week’s topic: How to use a transition to retirement pension to work less in 2022. If you’re approaching retirement, did you know you can access some of your super while you’re still working?
Key topics include:
What is a transition to retirement pension and why is topical right now?
Would you like to work part time and take some money from super?
When would you use a transition to retirement pension?
How does Luke define retirement?
Is it easier to work part time rather than save a bundle before you fully retire?
How can you use a transition to pension to pay off debt?
What requirements do you need to meet to access a transition to retirement pension
What’s the minimum and maximum amounts you can take as a pension?
You can take your pension in a period that suits you – fortnightly, monthly, or annually.
Can you use pension payments to make deductible contributions back into your super?
Luke shares his top tips for starting a transition to retirement pension.
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/11/The-Strategy-Stacker-Luke-Talks-Money-29102021.mp3

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

Do you need advice around your transition to retirement?
You can work full time or you can work part time and top up your income with a transition to retirement pension. Seek advice to explore your own options.
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 explore what you’d like to achieve with your own personal financial plan or retirement plan, including transition to retirement. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
17 min
October 26, 2021Luke on 2CC – What is a Wrap Account? Why would you use one?
Can you wrap up all your investments and shares in one account?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 22 October 2021. Luke returns to the studio next week and joins Leon by phone. This week’s topic: What is a wrap account and why would you use one? A wrap account has many benefits for investors and those with self managed super funds who want an easier way to keep control of their investments.
Key topics include:
What is a wrap in an investment setting?
How does it work?
Can you still buy and sell individual investments in this kind of account?
What are the other benefits of using this kind of account?
Who could benefit from a wrap account?
What does it cost?
What things could consider when assessing different account providers?
How do you open a wrap account?
Can you transfer existing investments into a wrap account without triggering capital gains tax?
Can you switch account providers if you’re not happy with your service provider?
Luke shares his top tips for thinking about using a wrap account.
What is a digital signature and how can impact your decision on which provider you use.
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/10/The-Strategy-Stacker-Luke-Talks-Money-22102021.mp3

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

Do you need advice around Wrap Accounts?
Did you know you can wrap up all your investments into one account? It’s called a wrap account. Seek advice if you need to before you make investment decisions.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Luke can also talk to you about Wrap Accounts.
Make an appointment to confidentially explore what you’d like to achieve with your own personal financial plan. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
18 min
October 18, 2021Luke on 2CC – Borrowing money and the best way to go about it
There are some important considerations before you leap into a loan
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 18 October 2021. Lockdown begins to ease in the ACT, given our very high vaccination rates. Luke isn’t back in the studio yet, but joins Leon by phone. This week’s topic: Borrowing money and the best way to go about it. With low interest rates, it’s tempting to borrow more. In this episode Luke takes a deep dive into the issues you might consider before you make any borrowing decisions.
Key topics include:
Although interest rates are low, people are borrowing more which is making property prices rise
Legislation change means that banks now must consider your ability to repay the loan in a higher interest rate environment
Rising interest rates might put many existing borrowers under financial pressure
Where do you start when looking for the right loan?
Loan timeframe, your borrowing goal(s) and tax position (is the interest tax deductible or not) are important initial considerations
Be prepared for interest rates rising so you can afford higher repayments
Think about how the loan will be structured – principle and interest, interest only and an offset account
Do you fix or not fix your interest rate?
Also think about in which structure you buy an asset, lenders may differ on their terms
The benefits of paying down loans, especially when you’re approaching retirement
Luke shares his top tips for borrowing and the things to consider before you make a loan decision.
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/10/The-Strategy-Stacker-Luke-Talks-Money-15102021.mp3

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

Do you need advice around your own financial plan?
There’s a lot to consider before you borrow money. Make sure you plan for interest rate rises and seek advice if you need to, before you make any decisions.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Luke can also refer you to a broker if you would like to speak to one.
Make an appointment to confidentially explore what you’d like to achieve with your own personal financial plan. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.
21 min
October 09, 2021Luke on 2CC – Are all Super Funds the same?
What are the key differences people should know about?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 8 October 2021. Lockdown continues in the ACT, so Luke can’t be in the studio. Luke joined Leon by phone. This week’s topic: Are all super funds the same? But before they get into this week’s topic, Leon asks Luke to share his thoughts about APRA’s decision this week, to make it harder for people to get home loans.
Key topics include:
Super funds are not exactly the same
Different super funds have different features
Industry super funds
Master trust super funds
Personal super funds
Self managed super funds
Just like looking at buying a car, what features do you need and want in your super fund?
If you have received a letter saying your fund is underperforming, what might you think about in looking for a new fund?
When comparing funds, remember to look at the asset allocation too
Luke offers his top ideas to consider when comparing super fund providers
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/10/The-Strategy-Stacker-Luke-Talks-Money-08102021.mp3

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

Do you need advice around your own super fund?
We all have super fund choices as we work towards retirement. If you need help around choosing the right super fund seek advice.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Financial planning and investing can be complicated but the good news is you can make an appointment to speak with Luke about your specific situation, goals and options.
Make an appointment to confidentially discuss super, investment, retirement planning and insurance. 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 podcast. We look forward to your company again.
20 min
October 04, 2021Luke on 2CC – Keeping good habits – Your financial life after the Covid lockdown
Life has been on hold during lockdown, but what will you do after lockdown financially?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 1 October 2021. Lockdown continues in the ACT, so Luke can’t be in the studio. Luke joined Leon by phone. This week’s topic: How might you get ahead financially after life in lockdown? Covid has changed the world. As we approach higher levels of vaccination and we re-open, will you change any of your own financial habits. If you’ve been saving during covid, it might be good to keep some of those good financial habits going.
Key topics include:
Being at home has shown many of us how much we can save
Returning to life as usual, we might slip into previously bad behaviour
Thinking about how you spend, so you can continue to save
Also look at bills and utilities, shop around to save money
If you’re returning to work, do you still need all the streaming services you’ve enjoyed during lockdown?
Avoid the ‘freedom day’ mentality to spending everything
Ideas you might consider to use your savings effectively
The benefits of doing your own review with providers
Luke shares his top tips for keeping good financial habits after covid lockdowns
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/10/The-Strategy-Stacker-Luke-Talks-Money-01102021.mp3

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

Do you need advice around your own financial plan after lockdown?
Have you been able to save some money during the Covid lockdowns? Think about keeping those good financial habits going and seek financial advice if you need to set a plan.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Financial planning and investing can be complicated but the good news is you can make an appointment to speak with Luke about your specific situation, goals and options.
Make an appointment to confidentially discuss investment, super, retirement planning and insurance. 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 podcast. We look forward to your company again.
20 min
September 27, 2021Luke on 2CC – Top 10 Questions about Retirement Planning
What do people ask financial planners before they retire?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 24 September 2021. Lockdown continues in the ACT, so Luke can’t be in the studio. Luke joined Leon by phone. This week’s topic: Luke shares the top 10 questions he’s asked with answers. Have you every thought about what you’d like to ask a financial planner? This is a great podcast for you.
The top 10 questions include:
When I retire, do I need to sell my assets?
Are there some circumstances where I might sell some assets?
Do I need to be more conservative now that I’m getting older?
When I retire, does my super finish?
What are my options, do I just take a lump sum when I retire?
Starting a pension income stream, do I sell my super assets and start again?
I can’t put money into super when I retire. Is that really correct?
Should I have implemented a pre-retirement strategy 5 years ago?
If I am working I can I have a pension income stream from my super as well as income from my job?
Can I really split super with my spouse and get it when they retire?
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/09/The-Strategy-Stacker-Luke-Talks-Money-24092021.mp3

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

Do you need advice around planning your own retirement?
Do you have questions about your own retirement plans? Seek advice before you make decisions and start planning sooner to help achieve better outcomes. Your retirement deserves to be well prepared.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Financial planning and investing can be complicated but the good news is you can make an appointment to speak with Luke about your specific situation, goals and options.
Make an appointment to confidentially discuss investment, super, retirement planning and insurance. 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 podcast. We look forward to your company again.
21 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…