Is FIRE Right For You? Special Guest Lacey Filipich
Play episode · 47 min
In this episode of The Australian Finance Podcast, Kate talks with expert guest Lacey Filipich, Founder and Author of Money School.

Ultimately, the FIRE movement is all about taking back control over your time, and Lacey is a wonderful example of an Aussie doing just that. Kate chats to Lacey about her journey to financial independence (without even being aware of the FIRE movement), how to know if the goal of FI/RE is right for you, whether having a family stands in the way of your goals and the idea of becoming time rich.

SHOW NOTES & RESOURCES: http://bit.ly/Lacey-Filipich |

We're proudly supported by ETF Securities

Learn more about ETF Securities: https://bit.ly/fundsETFS |

DISCLAIMER: This video contains factual/general information only. It is NOT financial advice of any kind. That means the information does not take into account your objectives, financial situation or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser or financial adviser.
my millennial money
my millennial money
SYMO interactive
mms: life and money as a single parent
Single parents face different challenges when it comes to money, so Glen had a chat with Nat, a single mum. The chat touches on: 👉🏿juggling mum life with 2 jobs 👉🏼working through the transition to single parenthood 👉maintaining self care throughout challenging times 👉🏽managing money day-to-day 👉🏾her financial strategy 👉🏾tips for anyone in a similar situation 👉🏼red flags to look out for in relationships Get $20 off The Glen James Spending Plan using the code "moneyz". Link to course below! For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/shownotes 🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at sortyourmoneyout.com. This podcast is intended for residents of Australia. We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.
26 min
The Michael Yardney Podcast
The Michael Yardney Podcast
Michael Yardney; Australia's authority in wealth creation through property
The Shape of Things to Come with Simon Kuestenmacher
How will the next five years unfold? That’s the question everyone is asking, isn’t it? What’s going to happen to my life, my health, my job or my business? And for many people listening to this podcast, they’re wondering what’s going to happen to our property markets and the value of my home and my investment properties. Of course, nobody knows for sure, the world seems to be in a state of chaos. While some of the parts of the world are experiencing a second wave of coronavirus, other poor parts of the world are experiencing extreme first wave. Add to this the state of flux of Australia’s trade relationships, the world’s geopolitical problems, and we are living in interesting times – aren’t we? But amongst this chaos in tune, there are some things that can be said about the next five years, some emerging trends, behaviours and opportunities that will flow from the various undulation is in our Australian demographic landscape and that’s what I’d like to talk about today with Simon Kuestenmacher. One of the themes of our regular discussions tends to be how demographics drive our markets – not just the property markets but business as well. Let’s start with the elephant in the room – clearly, we are going to have less immigration in the short-term. * Immigration will slow in the short-term * We’ll have fewer students, fewer tourists and fewer backpackers * As soon as practical, the government will open the gates and encourage immigration as a way of increasing our GDP We shouldn’t forget that almost half of Australia’s population growth comes from natural increase, and an even bigger driver of demand are emerging trends, behaviours and opportunities flow from the various undulations in the demographic landscape. A breakdown of the different demographic groups: * Kids – birth to late teens * Learning – entering university, moving out of the parental home, becoming an adult * Partnering – may stay in the inner-city (near jobs) with a partner * Building – having children with a partner, real estate needs increase, need 3-4 bedrooms * Easing – When you’re 55-64, in the later stages of a career, may be taking more time off * Retiring – Even if they aren’t all retired, they have less of an influence on the workforce. Spending more time with grandchildren. Staying in home as long as they can. * Aging – 80+ cohort, needs accessible property, needs to be located near medical facilities Which of these groups are going to change significantly and place an increasing demand on our resources? * Teenagers - schools, sporting facilities * 40 somethings – family, accommodation * Retirees Because of their sheer size and stage in the life cycle, no generation will shape Australia more during the 2020s than millennials. * Millennials were born between 1982 and 1999. This makes them aged 21 to 38, and they will be 31 to 48 by 2030. * Millennials perfected the art of procrastination as they popularised the gap year, forgot to move out of the parental home, pursued education for much longer, settled for a partner much later in life, and pushed out buying their first home and birth of their first child into their mid-30s. * Throughout the 2020s, this generation of procrastinators will follow in the footsteps of every generation before them and enter the family-formation and home-buying stage. * As life pushes you forward, preferences change. Throw a newborn into the mix and even the hippest inner-city couple gives in and follows the suburban sirens * Throughout the 2020s, millennials will leave their centrally located one or two-bedroom apartments and migrate to the suburbs or even regional centres in search of more bedrooms. They want an additional bedroom or two to bring up the kids and to work from home occasionally. How are millennials going to reshape suburbia? * Due to COVID-19, reshaping will be more intense. * Millennials will want to be able to walk or cycle to the basic functions of their lives within 20 minutes. * Parents will want childcare available. * May want to be able to cycle their kids to kindergarten. * Public transport may be perceived as unsafe, so they will want infrastructure for safe and pleasant cycling and walking. * Local neighbourhoods should be functional, beautiful, and child-friendly. Who will move into the inner-city apartments left behind by the millennials? * Gen Z is a much smaller generation than the millennials, so there will be empty spots. * Inner cities might be flat for a while and prices will go down. * But that is temporary, because as soon as immigration fires up again, knowledge jobs that Australia is creating will cluster in the inner cities near other knowledge jobs. Conclusion: Life will go on post Covid-19 and Australians will transition from one stage of the life cycle to another. Many will move from the bush to the city, some will move from the city centre to the city edge, pre-retirees will move between states, some may even be motivated to pursue the space and the serenity of low-density living in what they consider to be a contagion-free community. And that is surely the beauty and the opportunity of the lifestyle options on offer to those of us lucky enough to live in Australia. Links and Resources: Michael Yardney Simon Kuestenmacher - Director of Research at The Demographics Group In these challenging time why not get the team at Metropole to build you a personalised Strategic Property Plan – this will help both beginning and experienced investors. Shownotes plus more here: The Shape of Things to Come with Simon Kuestenmacher Some of our favourite quotes from the show: “I can see this is going to revitalize our local shopping centres that were starting to die off for the big centres that became entertainment venues as well.” – Michael Yardney “I can’t see the government having any alternative but to push migration.” – Michael Yardney “Most wealthy people are self-made. They’ve actually achieved it.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how
42 min
Shares for Beginners
Shares for Beginners
Philip Muscatello
Tamas Calderwood - The Soft Dictatorship of the Index
What is an index? What started out as a way of measuring the size of a market became an investment methodology. Is passive investing now so big that ETFs are starting to influence the market. Tamas Calderwood joined my to discuss: · Financial advice and the new generation of emerging advisers · Who calculates the indexes we track? · Tesla and the Observer Effect · The soft dictatorship of the index · The role of price discovery in more passive markets Link to the blog post https://www.sharesforbeginners.com/blog/tamas Tamas has written an article further exploring the topics raised in the podcast: https://einvest.com.au/insights/the-observer-effect-shares-for-beginners-podcast/ *Sharesight* is the best portfolio tracking tool in the known universe - and they are pleased to extend a *SPECIAL OFFER* to listeners of this podcast: *Save* *4 months *on an annual premium plan! Click here and sign up now for a 7 day free trial. _The company and/or guest has contributed to the costs associated with producing this episode of Shares for Beginners._ _ _ Shares for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any investments based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation. Thanks to Christopher Soulos for music production out of Garlic Breath Studio https://www.facebook.com/GarlicBreathStudio. Remember music flows when the money don’t.
31 min
Equity Mates Investing Podcast
Equity Mates Investing Podcast
Equity Mates Media
Expert Investor: Rory Lucas - Investing with Purpose
Happy 300th episode Equity Mates! We've got a special episode for you to mark this awesome milestone. Rory Lucas may have the best job in Australian finance. As the Chief Investment Officer of Hearts & Minds Investments, he is responsible for taking some of the best ideas from the greatest investors in Australia and around the world and managing them in a listed investment company (ASX: HM1). Hearts & Minds Investments is a unique listed investment company. It has been set up to support a variety of different charitable causes in Australia. The way it works? Every year, the best investors in Australia pitch their best investment ideas at the Sohn Hearts & Minds Investment Leaders Conference. Rory takes these ideas, invests in them through HM1 and instead of taking a management fee, every year 1.5% of the fund's assets under management are donated to charity. This year the 2020 Sohn Hearts & Minds conference is taking place on 13 November 2020, so we thought this was the perfect time to sit down with Rory and learn more about the Hearts & Minds conference and listed investment company. In this episode you will learn: Rory's background in finance and his first investment Rory's investing philosophy The story of how the Hearts & Minds Conference started How Hearts & Minds uses investing to support a number of charitable causes The split of the Hearts & Minds portfolio between the core portfolio and conference portfolio The six heavyweight Australian investors that manage the HM1 core portfolio The conference process and how the stocks pitched get added to HM1 Some of the most notable companies pitched at previous conferences How the plans for the 2020 conference have been affected by COVID-19 As a special offer for the Equity Mates community, we are excited to offer 20% off the ticket price for the 2020 Sohn Hearts & Minds Conference. This offer is only available for the first 25 Equity Mates to use this code, so get in quick! How to claim this offer: Head to the Sohn Hearts & Minds Conference page Enter the discount code 'HM1MATES' The ticket price should drop to $400 (down from $500) Fill in your details and complete the checkout process If you want to read more from Rory, sign up to his monthly email newsletter here. -------------------- Have you just started your investing journey? Head over to Get Started Investing – our 12-part series with all the fundamentals you need to feel confident to start your investing journey. Want more Equity Mates? Subscribe to Equity Mates Investing Podcast, social media channels, Thought Starters mailing list and more here. If you have any questions, head to Equity Mates Facebook Discussion Group and ask the Equity Mates community. Equity Mates is a part of the Diamantina Media Network – the home of Australia’s favourite podcasts. For more information, visit http://www.diamantina.com.au/
50 min
CommSec
CommSec
CommSec
Market Close 23 Oct 20: Quiet end to week as final debate wraps up
The Australian sharemarket eased by just 0.1% on Friday, with gains from banks offset by losses from major mining stocks. This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
3 min
The Elephant In The Room Property Podcast | Inside Australian Real Estate
The Elephant In The Room Property Podcast | Inside Australian Real Estate
Veronica Morgan & Chris Bates
Ep 146 - Kym Nitschke | How to structure your property portfolios
Kym Nitschke the ‘jack of all trade’ regales the team on the exciting trials and tribulations of an accountant on the quest to discover the best ways to structure property portfolios. Kym is the CEO of Nitschke Nancarrow Accountants which has over 1200 business and individual clients, he is a qualified financial advisor, chartered accountant and is a licensed builder. Kym highlights the impact of capital gains tax and how to make the most of it, and gets personal with what he has seen that his plethora of clients have gotten wrong and of course what he has done wrong; lots to learn from an experienced advisor and investor. Here’s what we covered: * How does capital gains tax work? * What happens to your capital gains tax if you move into it after renting it out? * How to minimize tax on renting your home on holidays? * Should you buy a holiday home? * Can you get CGT exemption if you upgrade and move into a new home? * How to maximise your CGT exemption with the help of the 6 year rule * How to best structure your property portfolio * What are the best strategies with buying an investment property * What are the benefits of owning property in a trust RELEVANT EPISODES: Episode 136 | Owen Raskiewics Episode 119 | Chris Bates Episode 116 | Alison Lacey GUEST LINKS: https://nitschkenancarrow.com.au/ Your Investment Property: PPOR and the six year rule HOST LINKS: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in October, 2020.
1 hr 8 min
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