360 Money Matters

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144. Considerations When Buying Investment Property

360 Money Matters

07/09/24 • 19 min

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discussed the important considerations when buying an investment property. We emphasized the need to align the property purchase with long-term financial strategies and goals. This includes understanding the financial impact on household budgets, getting finance approved, considering the pros and cons of different ownership structures, and knowing the potential cash flow implications. We also highlighted the value of professional advice, such as using buyer advocacy services, and the importance of having adequate financial buffers to manage unexpected expenses and market changes. Additionally, we stressed the necessity of a risk mitigation strategy and cautioned against making emotionally driven investment decisions.

Discover the value of professional advice, the importance of financial buffers, and the necessity of a solid risk mitigation strategy. Don't miss out—listen now and make informed decisions for your investment future!

Episode Highlights

Importance of financial considerations before buying an investment property
Aligning investment property with long-term wealth creation strategy
Finance approval and budgeting
Different ownership structures
Using buyer advocacy services
Cash flow buffers and risk mitigation strategies
High costs associated with buying and selling properties
Avoiding emotional investment in property decisions

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151. Should I invest or Pay Down Mortgage

360 Money Matters

08/27/24 • 18 min

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discussed the dilemma of whether to pay down a mortgage or invest, especially in a high-interest rate environment. We emphasize that there is no one-size-fits-all answer and that the decision should be based on individual circumstances, financial goals, and risk tolerance. People should consider their long-term financial strategy, including their retirement goals, and factor in the potential impact of inflation and tax implications. While paying down a mortgage offers a guaranteed return, we suggest that starting an investment journey early can be beneficial with the power of compounding.

Ready to find your financial balance? Hit play and join us for a conversation that will help you make informed decisions about your money.

Episode Highlights

About whether to pay down the mortgage or invest
Mortgage strategy considerations
Investment and tax considerations
Importance of tying strategy to long-term goals
Debt recycling and combined strategies

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142. Manage Inconsistent Cashflow

360 Money Matters

06/25/24 • 20 min

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we tackle the complexities of managing cash flow with irregular income. For those that are self-employed, earning commissions or bonuses, this can be a difficult thing to manage. We discuss the pitfalls of using credit card debt and stress the importance of appropriate cash flow management from the outset to avoid financial traps. The Cash Flow Bootcamp is recommended for detailed guidance on these strategies. For couples with mixed income types, we advise using regular income for fixed expenses and irregular income for variables and investments, while emphasizing the necessity of discipline and planning.

Furthermore, we cover the potential benefits of irregular income, like using bonuses for investments or debt repayment, along with examples of clients who have successfully managed their finances. The episode concludes with a summary, urging listeners to seek help with managing irregular income and to engage with future content.

Don't navigate the complexities of irregular income alone. Join us for detailed guidance and practical strategies to secure your financial future.

Episode Highlights

Challenges of managing irregular income
Strategies for managing irregular income
Bucketing strategy and cash flow bootcamp
Managing finances in a relationship
Benefits and challenges of irregular income

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141. Market Wrap

360 Money Matters

06/18/24 • 20 min

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment.

In this episode, we discuss recent market trends, with a primary focus on the U.S. and Australian economies. We highlight the strong performance of the S&P 500 in May, driven largely by tech giants like Nvidia, which significantly contributed to market growth due to the increasing influence of AI. Inflation in the U.S. shows signs of easing, potentially paving the way for rate cuts, while in Europe, the ECB is anticipated to reduce rates to stimulate economic growth. In contrast, Australia's inflation remains high, and GDP growth is stagnating, raising concerns of stagflation.

Additionally, we note the impact of rising construction costs on housing supply and rental prices. We suggest that Australia's interest rates might stay on hold longer than expected due to persistent inflationary pressures.

Tune in to this episode for an in-depth analysis of these critical economic developments and their potential impact on your investments. Don't miss out on the latest insights—listen now!

Episode Highlights

US market performance
AI's transformative potential in businesses
Australian market and economy
Inflation and interest rates
The European Central Bank (ECB) is expected to lead in cutting rates

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140. Active and Index Investments

360 Money Matters

06/11/24 • 26 min

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we talk about two ways people invest their money, active and passive investing. We explain that with passive investing, you put your money in a fund that follows the big companies in a certain market, like the S&P 500. But with active investing, you try to beat the market by making active choices about where to put your money that will outperform the market.

We also discuss the benefits and detriments of each approach - such as the ease, simplicity and cost effectiveness of passive investing and the opportunity for improved investing with active investments.

It's important to get advice and choose the right approach for you. Don't miss this episode to learn more about how to invest your money wisely!

Episode Highlights

Comparing active investments and index investing
Complexity of investing and the search for growth opportunities
Factors influencing investment choices
Warren Buffett's investment philosophy
Importance of after-tax performance and considering tax implications in investment decisions

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148. Wealth Preservation Strategy

360 Money Matters

08/06/24 • 17 min

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discuss investing in precious metals, including gold, silver, platinum, and palladium, and how they serve primarily as a store of wealth rather than a traditional investment. We address a common question from listeners about whether they should invest in precious metals and explore various ways to purchase and store these assets, such as physical bullion, ETFs, and investing in mining companies. We highlight the importance of understanding the liquidity and transaction costs associated with precious metals.

Additionally, we emphasize diversification and how precious metals can provide a hedge against inflation and market volatility. We also draw a comparison between precious metals and cryptocurrency, noting their differing behaviors and potential roles in an investment portfolio.

Learn about gold, silver, and more, and discover how these assets can help you hedge against inflation and diversify your portfolio. Tune in now to gain valuable insights and practical tips to enhance your investment strategy.

Episode Highlights

About precious metals seen as a store of wealth and hedge against inflation
Characteristics and history of precious metals
Precious metals as part of portfolio diversification
Similarities and differences between precious metals and cryptocurrencies
Importance of diversification in portfolio construction

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146. The Benefits of Commercial Property Investment

360 Money Matters

07/23/24 • 36 min

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, Vicki Likoudis from True North Advocacy shares her diverse background in small business, property development, and advocacy, emphasizing the link between business and commercial property in her career. She discusses different types of commercial property while highlighting the key attributes of commercial property: better cash flow, tenant-paid expenses, longer leases, and potential for capital growth, which set it apart from residential property.

Vicki explains the benefits of using a commercial buyer's advocate, including specialized knowledge, focus on investment potential, and thorough due diligence on properties and tenancies.

Learn more about the benefits with a commercial buyer's advocate by listening to this episode today!

Episode Highlights

About Vicki Likoudis
Different types of commercial property
Typical commercial property clients
Attributes of commercial property
Benefits of using a buyer's advocate
Increased interest in commercial property from residential investors
Do's and Don'ts of Buying Commercial Property

About Vicki Likoudis

With a diverse property and business background, Vicki has developed a finely-tuned craft and passion for assessing and buying property, 15 years in the making. Her focus is always on exceptional client outcomes and lasting relationships and is highly regarded as a valued advisor and mentor in her community.

Prior to forming True North Buyer's Advocacy, Vicki held the position of CEO for a leading sustainable property developer in Melbourne, reinforcing her passion for connecting people to the right buying outcomes. Her astute buying approach centers on diligent research, tenacity, intelligent negotiation and a commitment to getting the absolute best result for her clients.

Whether it’s securing your business property or a commercial property investment, Vicki’s primary goal is to guide your buying confidence with clarity so you can cut through the noise, purchase with confidence and find the best property for you and your goals.

Connect with Vicki Likoudis:

Website | www.truenorthba.com.au
Linked In | au.linkedin.com/in/vickilikoudis

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129. Bought a Property, What is Next?

360 Money Matters

03/26/24 • 24 min

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we advise listeners like Danielle, who has settled on a property and mortgage and wants to know what some of the things are that she should be considering next. We stress the need for a cash flow management strategy to ensure affordable mortgage payments and achieve savings goals. Insurance coverage is essential, including life insurance, permanent disability cover, income protection, and building/contents insurance. Building an emergency fund is crucial for handling unexpected costs. Also, seeking personalized advice is recommended to determine whether to focus more on debt elimination or wealth creation strategies based on long-term financial goals.

Tune in to our latest episode where we address essential steps for new homeowners like Danielle, covering budgeting, insurance, and long-term financial planning. Don't miss out !

Episode Highlights

Practical next steps after settling on first property and mortgage
Concept of cash flow system
Risk management and the need for a strategy
Setting new goals after purchasing the first property
Importance of building wealth for retirement
Various approaches to wealth creation and retirement planning

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147. Market Wrap

360 Money Matters

07/30/24 • 21 min

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment.

In this episode, we discuss the latest market activities, focusing on the U.S. and Australian economies. We note that the S&P 500 decreased by 0.77% in July, though smaller companies showed growth due to sensitivity to lower interest rates. In the U.S., potential interest rate cuts are anticipated as inflation eases, while Trump’s potential election could impact economic policies. Europe sees economic uncertainty with the ECB keeping rates unchanged at 3.75%. In contrast, Australia experiences high inflation and rising employment, with the ASX 200 up 29 basis points, indicating market resilience despite economic challenges.

Stay informed on global market trends by subscribing to our podcast. Don't miss our in-depth analysis on the U.S. and Australian economies, as well as key insights into potential interest rate changes and their impacts. Subscribe now and stay ahead in the financial world!

Episode Highlights

S&P 500 down 0.77% for the past month
Expectation of US interest rate cuts in near future
US Politics and economic outlook
European Central Bank rates unchanged at 3.75%
Australian employment rose by 50,000 in July
Australian economic outlook and interest rates

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