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Why use a Self Managed Super Fund (SMSF)

In this episode of the #mastersoffinancepodcast Alex is once again joined by Dr. Paul Moran to delve into the mysterious world of Self Managed Super Funds (SMSF's). While these have a lot of similar characteristics to normal super funds, there are some particularly appealing differences and benefits, if they fit your situation. #havealisten Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purposes only and does not

Can Modern Monetary Theory save the post Covid-19 global economy?

In this episode of the #mastersoffinancepodcast we have a look at Modern Monetary Theory which basically says the government deficits are lot less relevant than a household deficit because they can pay their debts with the money they print. There's a lot more to it than that and we have a look at why the purpose of deficits matter and some interesting policy ideas for governments of the future. #havealisten Links to things mentioned in this episode: Clarke & Dawe – Quantitati

Artificial Intelligence- Future Trends and Investment Impact Series part 3

This is the third episode of our #mastersoffinancepodcast miniseries that looks at what the future may hold. This time we are discussing how Artificial Intelligence is going to change the way we live and work #havealisten to hear how we think AI will become more and more a part of our everyday lives. Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purposes only and does not constitute financial advice or financial

Deglobalisation - Future Trends and Investment Impact Series part 2

This is the second episode of our #mastersoffinancepodcast miniseries that looks at what the future may hold. This week we discuss the impact of de-globalisation and what this could mean for our lives, from the way we get from A-to-B to how we utilise 3D printing. In light of COVID-19 are we looking toward a future of more Australia-based suppliers? #havealisten Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purpo

Future of Transport - Future Trends and Investment Impact Series part 1

While in lockdown here in Vic we've had time to think about what the future might hold for the new world post COVID-19. We're kicking off a miniseries on the #mastersoffinancepodcast we were looking at future trends and the investment impacts. First up we are looking at the future of transport and thinking about what the electrification of transport might mean as well as the impacts of self-driving cars. #havealisten Please read and acknowledge the following before listening

Why Financial Autonomy is better than Financial Independence with Paul Benson

In this #mastersoffinancepodcast special guest Paul Benson joins us to discuss the difference between Financial Autonomy and Financial Independence, why Financial Autonomy is better, and how to achieve it. #havealisten Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purposes only and does not constitute financial advice or financial product advice. To receive personal financial advice or financial product advice yo

How to be SMART about what you want

As we make our way through the second half of 2020, many of us have found the increased down time due to COVID-19 has allowed us to “take stock” of our lives and consider what the future may hold. In this episode of #mastersoffinancepodcast we dive into productive goal setting using a S.M.A.R.T. method that encourages you to dream big. #havealisten Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purposes only and d

Surviving a Pandemic (Financially)

The times that we live in! In the midst of the global pandemic which feels like in our little world is centred on Melbourne, we unpack our best tips for managing your money during the Coronavirus pandemic. In this episode of the #mastersoffinancepodcast we discuss things you should think about with your investments, who to become really good friends with, who you should listen to or not listen to, and how to not let your eyes become bigger than your wallet. #havealisten Pleas

Mental Health and Financial Wellbeing

In light of the recent COVID-19 lock-downs that created significant barriers to social interaction, exercise and being outdoors in general, focus on mental health has become more important than ever. In this episode of the #mastersoffinancepodcast we look at how our mental health and financial wellbeing are intrinsically linked, while exploring methods to ensure optimal health in both areas. Want to hear about what your mental health could be doing to your finances? #havealis

Investment and Education Bonds

In this episode of the #mastersoffinancepodcast we delve into the mysterious things known as investment bonds or insurance bonds. We breakdown how these tax structures can benefit you for things like an early retirement but also look at some specialised versions where you can potentially claim all your tax back if you're using it for education costs. #havealisten Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purp

Tax tips for COVID-19

With everyone stuck at home and working from home due to the COVID-19 pandemic, #havealisten to this episode of the #mastersoffinancepodcast for some tax tips or how you can claim the most of your working from home expenses at tax time. Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purposes only and does not constitute financial advice or financial product advice. To receive personal financial advice or financial

COVID-19 Early Release of Super Unpacked!

With the arrival of COVID-19 to disrupt our economy and way of life, the Australian government have announced that people who have lost their job or seen a reduction in their income or hours worked, can apply to access up to $20,000 of their superannuation savings. But is this actually a good idea? In this episode of the #mastersoffinancepodcast we explore some of the consequences of accessing your super early and attempt to quantify what this could mean for your balance over

COVID-19 Assistance for Individuals

We follow the last episode of the #mastersoffinancepodcast with one aimed at going through the support measures available for individuals who need assistance amidst the COVID-19 pandemic and effective shutdown. Have a listen to see if you might qualify for any of the initiatives on offer. Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purposes only and does not constitute financial advice or financial product advi

COVID-19 Assistance for Business

In this episode of the #mastersoffinancepodcast we look at some of the government assistance measures available amidst the COVID-19 pandemic and effective shutdown. If you are an employer or a Sole trader then this one is for you. Please read and acknowledge the following before listening to this episode. This podcast is for entertainment purposes only and does not constitute financial advice or financial product advice. To receive personal financial advice or financial produ

Coronavirus / COVID-19 update

The Coronavirus or COVID-19 has caused chaos and fear around the world and the sharemarkets have certainly not escaped the shocks. Social distancing is becoming a term we are all familiar with and Chris and Alex recorded this episode from separate locations for the first time ever. If you are wondering how the virus is impacting the economy and investment markets then #havealisten to this episode of the #mastersoffinancepodcast to find out whether we think it is an over react

Episode 47 - APRA forces insurers to make Income Protection policies worse

There is change in the winds and it is rolling in like a storm set to hit at the end of March 2020 and will be brutal for self-employed people. The Australian Prudential Regulation Authority has scolded the naughty insurance companies for making big losses on their income protection insurance policies and has changed the rules around what type of income protection insurance contracts they can offer. Have a listen to this episode of the #mastersoffinancepodcast to find out wha

Episode 44.3 - Money for Jam part 3 - Returns from the sun

Welcome to our summer miniseries called #moneyforjam on the #mastersoffinancepodcast. Part 3 of our miniseries has a look at the economic benefits of solar PV systems for retirees and how hugely beneficial they can be for people on a part Age Pension Have a listen! Follow us on Facebook  https://www.facebook.com/moranfp/ For more podcasts, blog posts and videos, head over to www.moranfp.com.au Transcript Alex Hont 0:17 Welcome to the masters of finance podcast. We've got a l

Episode 44.2 - Money for Jam part 2 - Free money from the government

Welcome to our summer miniseries called #moneyforjam on the #mastersoffinancepodcast. Part 2 of our miniseries goes back to look at how you can get free money from the government by way of the co-contribution. There aren’t many of these opportunities around so make the most of while you can! Have a listen! Follow us on Facebook  https://www.facebook.com/moranfp/ For more podcasts, blog posts and videos, head over to www.moranfp.com.au Transcript Alex Hont 0:17 Welcome to the

Episode 44.1 - Money for Jam Part 1 - How to help your spouse and benefit financially

Welcome to our summer miniseries called #moneyforjam on the #mastersoffinancepodcast. In this first part we are looking at how you can look like the caring partner and boost up your spouse’s super balance by making a spouse contribution (while secretly doing if for your own benefit by way of a tax offset). Have a listen! Follow us on Facebook  https://www.facebook.com/moranfp/ For more podcasts, blog posts and videos, head over to www.moranfp.com.au Transcript Alex Hont 0:17

Episode 43 - How to make your money last forever

Are you worried that you will run out of money when you stop work? In this episode of the #mastersoffinancepodcast we delve into how to make your portfolio last longer and ride out any periods of negative returns. We explore the idea that the sequence of the returns experienced by your portfolio has a huge impact on how long your money will last and what has been considered as the safe amount you can withdraw to try and avoid running out of money. We have also spent many year