Episodes
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Welcome back to the Wealth & Wisdom Podcast, where we dive into the intricacies of tax planning with Russell Strack.
Whether you've faced adversity in 2023 or enjoyed a profitable year, navigating tax obligations smartly is crucial. Russell shares insights on seizing opportunities for tax planning and optimising returns, especially in challenging times.
We'll explore questions such as what tax planning entails, whether procrastination until the last week of June is wise, and if minimising tax payments should always be the goal.
Additionally, we'll delve into strategies like FMDs, superannuation, forced sales, and bucket companies, weighing up their pros and cons.
And for those who've endured lean years, Russell discusses leveraging tough financial periods to one's advantage.
Tune in for actionable advice and expert insights to optimise your financial strategy this fiscal year!-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Welcome to an inspiring journey of resilience and determination with our guest, Alice Mabin. From overcoming addiction and adversity to founding AgriShots, Alice's story is a testament to the power of grit and passion.
In a world where challenges are inevitable, Alice's unwavering spirit and refusal to accept limitations inspire us to push boundaries and pursue our dreams relentlessly. From facing rejection to building a thriving business, her journey is a reminder that obstacles are merely stepping stones to success.
Throughout our conversation, we explore pivotal moments in Alice's life, discovering how she found strength in the face of adversity. We also uncover her unique approach to risk-taking and how reframing failure can lead to unparalleled growth and innovation.
Furthermore, we unravel the mission behind AgriShots and how it's revolutionising the agricultural industry with authentic visual storytelling. Alice shares insights into AgriShots’ vision and its role in showcasing the remarkable opportunities within the agricultural sector.
Join us as we uncover the secrets to harnessing drive, vision, and unwavering determination with Alice Mabin. Don't miss out on this captivating episode of resilience and triumph!
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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Episodes manquant?
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Join us as we dive into the vital aspect of family dynamics in business success. Just like a tractor with an oil leak, familial misalignment can wreak havoc on a business, often with catastrophic consequences. With guest Jill Rigney, founding director of The Right Mind, Ben explores the intertwined nature of financial and familial strength, asserting that prosperity in one is nearly impossible without the other.
In the episode, Ben & Jill uncover the pivotal role of family connections in business resilience. Jill, a seasoned expert in navigating complex family dynamics within the agricultural community, delves deep into the crucial link between communication and connection. Together, Ben & Jill uncover the significance of self-awareness and courage in fostering familial harmony, especially during times of stress.
Jill shares invaluable advice and insights, leaving listeners with actionable steps to strengthen both their family and business units. Tune in to unlock the secrets of bolstering your business through familial unity and connection!-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Tune in to the latest episode of The Financial Bloke's Wealth & Wisdom podcast for a fresh take on family succession planning.
Join host Ben Law as he shares the insightful recording of the recent Beef 2024 Next Gen webinar focused on empowering young individuals to navigate the intricate world of succession planning. Featuring esteemed panellists Ruth Corrigan, a seasoned 5th Generation Beef Producer, and Jeremy Hutchings, the distinguished Head Coach and Managing Director of Farm Owners Academy, this episode is packed with invaluable wisdom and practical advice.
In this dynamic conversation, discover the surprising statistics behind the failures of succession plans and gain crucial insights into the key factors essential for securing your family's future success. Whether you're a budding entrepreneur or an aspiring leader within a family business, this episode equips you with the essential knowledge and strategies to position yourself for a seamless transition into the next generation.
Don't miss out on this compelling episode filled with actionable tips and real-world perspectives. Join us as we delve deep into the heart of succession planning and empower the next generation of leaders to thrive!-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Join Ben today on a journey into the heart of family dynamics with communication expert Katie Godden, on this episode of The Financial Blokes Wealth & Wisdom Podcast. Ben and Katie delve into the often-overlooked yet critical role communication plays in the success — or downfall — of family enterprises.
Ben and Katie explore the reasons why effective communication is essential for maintaining familial harmony and multi-generational prosperity. They debunk common myths about communication within families and share practical strategies for fostering better understanding and connection.
But it doesn't stop there. Katie unveils the hidden world of self-communication and its profound impact on our external relationships.
As the episode unfolds, listeners are treated to invaluable and actionable tips for navigating the intricate web of family communication dynamics. From fostering self-awareness to embracing continuous growth, Ben and Katie leave no stone unturned in their quest to empower listeners with the tools they need to thrive.
Ready to revolutionize your family communication? Tune in now to embark on a transformative journey with Ben and Katie. And don't forget to explore Katie's wealth of resources online to dive even deeper into the world of effective communication.
To learn more about Katie, visit:https://www.pinkdiamondinstitute.com.au/
Or find her on facebook at:
https://www.facebook.com/katie.law.5059
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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Welcome back to The Financial Bloke’s Wealth & Wisdom podcast! Today, we're diving into the mysterious world of marketing, demystifying it for agribusiness owners who find themselves lost in the digital wilderness. As a rural producer, you've likely encountered the challenge of mastering things like websites, Facebook, Instagram, and Google Ads — tools that can either drain your resources or catapult your agribusiness into growth if wielded correctly.
Our guest, Brendan McDonald, Director of CoBright Marketing, with over 30 years of marketing experience, is here to guide us through Marketing 101. Brendan, a passionate advocate for agriculture, understands the unique challenges faced by rural businesses. CoBright, a leading agri-business marketing and web design agency, has carved a niche in delivering tailored solutions for businesses seeking growth.
In this episode, Brendan answers the fundamental question: Why should agricultural producers care about and invest in marketing? We unravel the layers of marketing, exploring the power of a unique value proposition, understanding ideal customers, and aligning marketing efforts with strategic business goals. Brendan also shares practical insights into the marketing process, emphasizing the importance of going beyond a mere online presence.
We also discuss the evolving landscape of marketing in agriculture, highlighting a crucial aspect often overlooked—the role of social media in attracting skilled farm managers and workers. With the agricultural sector facing a shortage of qualified personnel, leveraging social media platforms like Facebook and Instagram becomes pivotal in reaching and engaging potential employees.
AND... as a special bonus just for our listeners, Brendan has also kindly offered some free marketing resources! To access these resources visit https://cobright.au/thefinancialbloke.
Tune in to this episode of Wealth & Wisdom and discover the keys to unlocking the potential of your agricultural business in the digital age.
To learn more about Brendan McDonald and CoBright Marketing, visit https://cobright.au/.-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
In this episode, we will be delving into the often overlooked but crucial topic of general insurance for farmers, graziers, and business owners, which is fundamental to protecting assets effectively. To share his knowledge and shed light on the subject, General Insurance Specialist David Mathieson from Agripro joins the conversation.
Understanding General Insurance: Exploring the concept of general insurance and its significance for farmers and businesses.Knowing What You Should Be Covered For: Dispelling the myth that assuming your broker has it all under control is good enough.Reviewing General Insurance Policies: Delving into the concerns farmers might have when reviewing their general insurance policies, covering what should be considered, verification of coverage, premium fairness, and the likelihood of a payout.Common Issues in Policy Review: Identifying the most common issues that arise during a general insurance policy review, highlighting potential risks.Why Policies Might Not Pay Out: The reasons behind insurance policies not paying out.
The key topics discussed during the episode include:This podcast episode aims to equip listeners with the essential knowledge to navigate the intricacies of general insurance, empowering them to make informed decisions to safeguard their assets.
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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Stress-onomics – Is Stress or Burnout Impacting Your Profits?
How do you recognize someone suffering from stress or mental health issues?Share statistics on the prevalence of mental health issues and the increasing trend of burnout."Toughen Up" Mentality: Should we just adopt the "toughen up" approach?
Welcome back to the Financial Bloke's Wealth and Wisdom Podcast. Today, we delve into the impact of stress and mental health on family agribusinesses and explore tools to build resilience. Stress, like an unnoticed oil leak, can lead to catastrophic consequences if ignored. I've encountered numerous successful farming families facing roadblocks rooted in stress-related issues, impacting not only their personal lives but also the profitability of their businesses. Today, we address these challenges with a focus on solutions.
Joining us is Letitia Cross, The Rural Mental Health Coordinator for the Rural Adversity Mental Health Program. Letitia, with a background in corporate agribusiness and a Master's in Psychotherapy, brings valuable insights into how to improve your mental health.
Identifying Stress and Mental Health:
We discuss the GRDC research paper on the actual costs of stress and mental health on rural production.We highlight the tangible effects on family life, succession plans, and overall business profitability
Business Impacts of Stress:
What are some of the practical tools for individuals to overcome stress and mental health challenges?
Tools for Recovery:Where can listeners find more about Letitia online?
Rural Health & Adversity Program - https://www.ramhp.com.au/-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
In this episode, Ben is being interviewed by Sam Fryer, the host of A Place To Call Home Podcast, about some of the basics young entrepreneurs need to be aware of when starting out in business.
Key Considerations for Young Entrepreneurs
1. Knowing Your 'Why'
Highlighting the importance of understanding the motivation behind starting a business. Emphasizing the challenges of entrepreneurship and the commitment required.
2. The Importance of Vision Setting
Discussing the significance of having a clear vision and putting it in writing. Differentiating between a business, hobby, and passion.
3. Modelling Success
To shortcut to success, budding entrepreneurs need to learn from successful individuals in their field.
4. Financial Aspects
The importance of running financial numbers and understanding profitability using accounting tools and seeking professional advice.
5. Business Operations
Advising on the importance of keeping good records, obtaining insurance, and making provisions for tax.
6. Business Growth Triggers and Steps
Discussing the stages of business growth, from bootstrapping to scaling up. The importance of seeking advice and considering employment as the business expands.
7. Setting up an ABN and Business Structure
Addressing when to set up an ABN and considerations for choosing a business structure. Encouraging consultation with accountants for personalized advice.
8. The Often Overlooked Financial Aspects
Strategic planning, insurance, and quality bookkeeping.
9. Preparing for the Future in Agriculture
Offering advice for the next generation of landowners, including beyond-the-farm skills, building a network, and financial planning.
If you are a budding businessperson ready to get cracking on making your business vision a reality, then this episode is a fantastic starting point to get you headed in the right direction.-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Welcome to our latest episode of the Wealth and Wisdom podcast! This episode was recorded live at the Young Beef Producers Forum in Roma where I interviewed my mate Geoff Birchnell of 3R Beef.
You’ve heard me talk about succession planning a lot and it is a major challenge in the Ag industry. I have done a number of podcasts which have been hugely popular about how a family can progress a succession plan when they are stuck or just at a loss as to what to do.
But what if your parents don’t operate a large-scale operation that would allow for a succession plan? What if you’re one of 2, 3 or 4 kids that want to come home to the farm but there just isn’t enough room for everyone? Or…. what if you are an aspiring first generation Ag producer and you are thinking, “How the bloody hell can I get a start??”
Well, I decided to tackle that question the best way I know how. I found someone who is actually doing something about it and…. I asked them!
The son of two teachers, Geoff established his first herd, Avingnon Herefords, at age 9 and later purchased his own block. Geoff studied accounting at university and spent almost 10 years as an accountant in a Brisbane firm learning as much as he could about large scale beef production from his grazier clients. But accounting wasn’t for Geoff, he had a vision of being a full-time beef producer. In 2018 Geoff manufactured an opportunity for Avignon to evolve into 3R Livestock, expanding into Angus cattle. Geoff is scaling up and he’s having a crack at his dream!
Geoff’s story is an inspiring listen about creating your own opportunities and defying the narrative that the only way to get into farming is through a succession plan. So instead of waiting around for your parents to come up with a viable succession plan or for some other opportunity to fall into your lap, have a listen to Geoff and remember… You can’t cross the sea by standing and staring at the water.-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
In this episode, I'm joined by the esteemed Brendan Rogers, leadership & performance coach and host of the Culture of Leadership podcast. Brendan takes us on a journey through his diverse background, from coaching football to leading in the corporate world. We delve into the essence of leadership, unravelling the importance of character development, competence building, and connection creation.
Brendan's insights, honed through years of experience, offer a fresh perspective crucial for success, especially for those navigating the challenges of leading teams, be it in agribusiness or any industry. Tune in for leadership wisdom that transcends boundaries!
To learn more about Brendan, visit:
https://thecultureofleadership.com/
Download Brendan’s free workbook, “10 Tips for Confident Leadership” here:
https://thecultureofleadership.com/confident-leader-workbook/
Also remember to checkout Brendan’s podcast, “The Culture of Leadership” (https://thecultureofleadership.com/podcast/) and the book he refers to in the podcast, “The Five Dysfunctions of a Team, Facilitator's Guide” by Patrick Lencioni (available on Booktopia and Amazon).
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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Welcome to the latest episode of the Financial Bloke Wealth & Wisdom podcast! Today we have in IT specialist Joel Winters, to educate us and give us some tips for what we can all do to beef up our defences against Cybercrime.
As we all know, Cybercrime is only getting more frequent and sophisticated and the Ag sector is by no means immune. In fact, having been somewhat insulated against traditional crime due to its remoteness, Ag is potentially a ripe target for Cybercriminals preying on the unwary.
Joel is a highly experienced IT specialist at ProComputers, which has offices in Brisbane, the Sunshine Coast and Rockhampton, and is currently pursuing a post-graduate degree in Cyber Security. In this episode, Joel will be giving us some background on Cybercrime and sharing the top tips you can put in place now to start protecting both yourself and your Agribusiness!
To get in touch with Joel, you can reach him at [email protected] or call him on 0418 133 273. ProComputers offers complimentary Cyber reviews which you can chat about with Joel.
Remember, the first step towards change is awareness so don’t miss this valuable and timely episode!
Here are some handy links and links to the resources Joel mentions in the podcast.
Report a Cybercrime:
https://www.cyber.gov.au/report-and-recover
Other useful links:
https://www.cyber.gov.au/
https://www.cyber.gov.au/resources-business-and-government/essential-cyber-security/essential-eight-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
In our latest episode, we have the privilege of sitting down with Ian McLean, director of Bush Agribusiness and co-author of the newly released "2023 Australian Beef Report". Fresh off the press, this report offers detailed current information on the financial and production performance of the Australian beef industry. During our conversation, Ian shares the key performance indicators (KPIs) highlighted in the report, shedding light on what distinguishes the top cattle grazing businesses and the specific KPIs they concentrate on to achieve exceptional results.
Ian's expertise and the insights from the freshly released report provide a timely and comprehensive understanding of the KPIs crucial for running a successful cattle grazing business.
Now, if you think this episode isn’t for you because you’re not a beef producer, think again – the lessons that Ian has extracted apply to not only beef but all agricultural producers. So don't miss this opportunity to stay ahead of the curve and elevate your business strategies with the benefit of the latest industry insights.
You can learn more about Ian and Bush Agribusiness here: https://www.bushagri.com.au/about-us/-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
In this episode, we are fortunate to have back Richard Rains, a well-known and successful figure in the Australian meat export industry, to discuss the crucial topic of building networks for success and fulfillment. Richard, a passionate advocate for mentoring young talent, is a keen supporter and board member of the Zanda McDonald Award which provides opportunities that can transform the lives of aspiring individuals.
Ben and Richard will be exploring the power of networks, and the significance of building a solid network of peers and mentors. Genuine success rarely happens in isolation and Richard explains how great mentors are like rocket fuel for your success.
Ben and Richard will also discuss the Zanda McDonald Award, and how participating in an award can immediately introduce you to a high calibre network and open-up unexpected opportunities.
Don't miss this valuable episode on the power of networks and the life-changing potential provided by opportunities like the Zanda McDonald Award. Remember, “Your Network is your Net Worth”!
To learn more about the Zanda McDonald award, visit: https://www.zandamcdonaldaward.com/-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Welcome back to The Financial Bloke's Wealth & Wisdom podcast! I'm your host, Ben Law, and today's episode is packed with valuable insights on ambition, patience, failure, and the power of mentors.
Our guest today is Tess Camm, an exceptional woman who grew up on a cattle station, has won several scholarships and awards, completed a business degree, worked her way up to the General Manager of Signature Beef and is now embarking on her own farming venture alongside her husband.
This episode is an inspiring and educational listen for anyone in ag, but particularly for the up-and-coming generation looking to make their mark in the field and build a career in Agriculture.
Tess kindly shares her journey with us and interspersed throughout are clear lessons about the power of backing yourself, the importance of taking risks and how developing the right attitude and embracing your failures as opportunities to grow can be a secret weapon. She also talks about moments of doubt and adversity in her journey, highlighting the importance of resilience in overcoming challenges and staying on course.
Tess emphasizes the significance of mentors and networks, offering insights into how she found and engaged with mentors, and what mentees can do to foster mutually rewarding mentorship relationships.-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
In this episode of Wealth & Wisdom, your host Ben takes us with him on the journey from his trial retirement to discovering his life's new purpose. After receiving a rather stern ultimatum from his wife (which involved the threat of a "grisly death" if he stayed home and under her feet), Ben embarked on a quest to find a new challenge. That quest led him to the creation of this very podcast.
Ben's newfound mission became to explore and share the fundamental factors of success for driven and motivated producers. Through conversations with successful producers and some deep soul-searching, he uncovered three common challenges faced by prosperous families:
1. Maximizing Professional Advisor Impact:
Ben discusses how to find and work effectively with financial advisors, bankers, brokers, lawyers, and accountants, ensuring that they collaborate seamlessly for the family's benefit.
2. Family Strategic Planning & Alignment:
Achieving family focus and alignment becomes a crucial aspect of sustaining prosperity, and Ben delves into strategies to achieve this alignment.
3. Preparing the “Heirs”:
Beyond operational handovers, Ben explores the intricate process of preparing the next generation to take over the family business (or resulting wealth) successfully.
To help unravel these complex topics, Ben enlists the expertise of his co-host, Chloe, a seasoned professional with extensive experience working with family businesses. Chloe aptly dubs their approach as "kind of like a family office," but with a unique twist.
Ben and Chloe offer their insights and perspectives on these three critical areas, shedding light on the path to success for families, both now and across generations.-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Today, we have a truly inspiring guest with us: Trudie Payne. Trudie, along with her husband Liam and their two children, Mitch and Bronte, manages a successful grazing operation in the heart of Central Queensland.
Trudie's life took an unexpected turn in 2018 when she was diagnosed with one of the most aggressive forms of Melanoma despite being the picture of fitness, happiness, health and drive.
In this captivating episode, we're going to delve into Trudie's remarkable journey – from her initial visit to a general practitioner who dismissed her concerns with a casual, "It's nothing to worry about," to the pivotal moment when a specialist in Brisbane delivered the harsh reality: she had a mere 6 to 8 weeks before the cancer would spread into her bloodstream, potentially becoming terminal.
Trudie's story is a testament to the power of intuition and the importance of heeding your inner voice. She shares how she overcame doubt, advocated for her health, and took charge of her situation. Her unwavering determination led to a series of critical decisions that, ultimately, became instrumental in saving her life.-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
Join us as we return to the historic Goonoo Goonoo Station in Tamworth, NSW, for another exciting episode recorded live at the pre-bull sale dinner of the 3R Beef annual stud sale.
In this special panel interview, I sit down with industry leaders to delve into the heart of the beef industry's future. The theme of this year's panel discussion: “Reimagining The Future of the Beef Industry”. With a panel of high-calibre guests, carefully curated for our audience of driven and successful commercial beef producers, we're diving into the opportunities and challenges that lie ahead.
This year, our guests are David Foote, the President of Cattle Australia; Paul Harker, the Chief Commercial Officer of Woolworths; and Kari Moffat, the Sustainability Manager of AAM Investment Group and a member of the Australian Beef Sustainability Group Steering Group.
We explore the future of the beef industry and how it's uniquely positioned to thrive amidst substantial change. Our guests provide their perspectives on consumer trends, the evolving role of sustainability, the importance of transparency, and the necessity of embracing adaptability.
Paul Harker kicks off the conversation, shedding light on how the world is changing and how Woolworths' insights into consumer trends can shape the future of the beef industry. David Foote follows, highlighting the essential factors that producers should be aware of and why they should care about industry shifts, even those seemingly outside their control.
Kari Moffat then takes the spotlight, discussing the emergence of roles like Sustainability Manager and the pivotal role they play in the agricultural investment landscape. The conversation turns to the correlation between meeting consumer expectations and attaining premium prices for products, a discussion led by Paul Harker.
Kari circles back, offering insights into her involvement with the Australian Beef Sustainability Framework and its significance for the industry's producers. Finally, David Foote wraps up our Fireside Chat by emphasizing the rapid technological advancements and the need for adaptability to seize emerging opportunities.
As we navigate through these engaging and thought-provoking discussions, our panellists offer their unique perspectives on the future of the beef industry. So, whether you're a seasoned beef producer or simply curious about the landscape of agriculture, join us for an insightful journey that might just reshape the way you think about the future.-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
This episode’s guest is Ben Law, The Financial Bloke.
What it felt like to be told he would never be a fatherThe painful and emotional process men must go through during IVFHow the IVF process was socially isolating and caused him to lose friendsWhat happened when they tried for a second childThe mental resilience he needed to get through it and his advice for others trying
While Ben is a successful coach and podcaster in the agriculture space, today he’ll be discussing the incredibly challenging journey he faced when he and his wife chose to try and have kids, despite the fact he had been told he'd never be able to have children years earlier.
In this episode Ben shares:Key Quotes
“The doctor looked at me one day and said, ‘We’re scraping the bottom of the barrel with you, aren’t we?’”“We lost friends over that, especially in the guy area.”“We went through the first round of IVF and the doctor essentially said we were wasting our money and should give up.”If you want to find out more about what Ali does, check out her business via her website:
https://www.trialtitudeperformance.com.au/
For her other business, visit:
https://altitudefitnessarmidale.com.au/
Or you can follow them on Instagram:
@trialtitudeperformance
@altitudefitnessarmidale-----------------------
Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ -
In this episode, we're delving into the tax trap that will affect many farmers and graziers when purchasing new machinery.
For years, the question of whether upgrading machinery helps with tax has been a common concern, especially during the period of the instant asset write-off. However, with the government returning to pre-pandemic tax rules, understanding the tax implications is now more critical than ever.
To guide us through this complex subject, we have a special guest, Chris Eccles, accountant and director of Empower Accounting & Advisory.
In this conversation, Chris gives us an understanding of the new depreciation rules and what they mean for future equipment purchases. We’ll look at specific examples to illustrate the tax implications of upgrading machinery and explore scenarios involving different types of equipment, such as tractors, graders, dozers, trucks, and even round bailers. By breaking down the numbers, we’ll be demonstrating how depreciation, sales, and tax rates affect the overall financial outcomes.
For those looking to learn more about Chris and his insights, they can find him on the Empower Accounting & Advisory YouTube channel, where he shares numerous business tips. Additionally, interested individuals can visit the Empower Accounting & Advisory website and schedule a conversation with Chris:
Youtube - https://www.youtube.com/@empoweraccountingandadviso162
Website - https://empoweraa.com.au/
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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/ - Montre plus
