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A replay from the archives but the advice given still is so relevant in 2025!
Glen James from My Millennial Money (now Money Money Money) shares on personal finance and life values, focusing on millennial money management, the impact of social media, and career advancement tips from Glen's book Sort Your Career Out. Discover why aligning financial habits with your core beliefs can lead to prosperity, and learn practical advice on consumer debt, spending wisely, and investing in yourself.
Key Takeaways:
Value-Driven Finance: Financial decisions should align with personal values, integrating moral and ethical considerations into financial planning.Invest in Yourself First: The best investment you can make is in your career; optimizing personal skills and professional growth can lead to substantial financial benefits.
Pragmatic Risk-Taking: Learning how to identify and execute good career risks can significantly enhance your financial trajectory.
Beware of Consumer Debt: Making informed choices about debt can prevent financial strain and promote future financial prosperity.
Notable Quotes:
"I'm a pragmatist by nature. I'm a realist. At the end of the day, I just call it how it is."
"To be relevant, you need to know who you're talking to."
"The more that I can invest for future me is the more I'm transferring my human capital into future investments.""A lot of the things that I do is just encourage people with the plan they're on."
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Key Takeaways:
Generosity's Broader Impact: Giving is not just about finances; it encompasses time, effort, and resources, enriching both giver and receiver.
Cultural Reluctance: There is often stigma associated with asking for help, particularly financially, which can prevent people from seeking support.
Financial and Spiritual Interplay: Act of giving aligns with core biblical teachings, fostering spiritual growth and community connection.
Return on Intent: The benefits of giving lie in its intentions and the unexpected blessings that come, not just in financial returns.
Reflective Practice: Embrace giving as a way to learn about humility, connection, and the shared human experience.
Notable Quotes:
"I think it has to encompass everything... People don't just give their money; they give their time, their resources, their energy." - Pete Burrows
"It is more blessed to give than to receive. That almost suggests that you should expect there to be Blessing coming back." - Ben McEachen
"It's okay to hope also means you can ask for help." - Pete Burrows
"True givings and true blessings often are long and could be potentially costly and painful." - Pete Burrows
"ROI - Return on intent, not return on investment. That is a very neat summary of this." - Ben McEachen
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Eksik bölüm mü var?
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Wow. Turns out you might have lost treasure (ie, money) and you didn't know. Good thing "Pirate" Pete Burrows and first mate Ben McEachen are here to help you find your forgotten funds.
Key Takeaways:
Individuals often lose track of finances due to outdated personal information and inattention to accounts such as superannuation, resulting in billions of unclaimed dollars.
The Australian Securities and Investments Commission (ASIC) provides tools like MoneySmart.gov.au to assist in reclaiming lost financial assets.
Proactive life admin, including regular updates to personal details and account management, is crucial in preventing misplaced finances.
Government initiatives and resources exist to help reunite lost funds with their rightful owners, benefiting both the individuals and the economy as a whole.
Financial management isn’t passive; individuals must actively engage with and maintain awareness of their financial situations.
Notable Quotes:
"No one's going to be your PA! You have to do your life admin." - Pete Burrows
"The government does want to reunite us with our money." - Pete Burrows
"Where was the last place you put it? Go back there." - Pete Burrows
"Have I gone through every super account I've ever had?" - Ben McEachen
"It's easier to find a place for something you have rather than search for something you've lost." - Pete Burrows
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Joining us again is financial planner Hamish Ferguson, founder and director of Vison Newcastle. Hamish and Money's chief accountant Pete Burrows are often approached for financial assistance that the other profession provides. Given how popular and prominent accountants and financial planners are, Pete and Hamish set the record straight in this episode. They discuss similarities between accountants and financial planners, the main differences, and the benefit to you when you decide who you need.
Previous Ep featuring Hamish - What is a Good Financial Planner?
Key Takeaways:
The intersection between financial planners and accountants involves overlapping functions but distinct responsibilities which require specialised expertise.
Ethical considerations, such as risk-return balance and truthful tax deductions, are crucial in both financial planning and accounting.
Times of increased financial anxiety, such as during COVID pandemic, highlight the need for professional financial guidance.
Clients often benefit when accountants and financial planners collaborate, leading to more effective long-term financial strategies.
Retirement planning questions are common, emphasising the need for clear understanding and planning decades earlier.
Notable Quotes:
"The relationship between a good planner and accountant [is] one plus one can equal three." - Pete Burrows
"Everyone wants the return, but nobody wants the risk." - Hamish Ferguson
"Managing that whole risk-return relationship is very important." - Hamish Ferguson
"Don't be afraid to engage a professional but understand why you need them and how far they can help you." - Peter Burrows
Resources:
Vision Property & Finance: Vision Property & Finance
Money Smart Website: Money Smart Website
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Ben and Pete dive into the world of financial toolkits, discussing essential elements including budgeting and building a supportive team of financial advisors. They explore how your toolkit can evolve with life stages and personal preferences, emphasising the importance of distinguishing between tools and toys in financial planning.
Key Takeaways:
A financial toolkit is personalised and should evolve as one progresses through different life stages.
Budgeting is foundational—understanding and managing expenses is crucial for financial stability.
Building a supportive network of financial professionals and informed individuals can vastly improve financial decision-making.
The difference between tools and toys in financial management is key to optimising your strategy.
Integrating biblical principles and wisdom can guide financial choices, aligning them with broader life goals.
Notable Quotes:
"Financial toolkit is more than just a sound bite. It's your little grab bag. It's your little go-to of how to get things done." - Pete Burrows
"A budget should be ground zero. It's the thing you have to have in the toolkit." - Pete Burrows
"The application of biblical wisdom can shape how you view money and incorporate it into your financial toolkit." - Ben McEachen
"Know the difference between a tool and a toy when you're looking at your finances." - Pete Burrows
Helpful resource
Cost of Living Hub – NSW Government
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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What a question. Pete and Ben know how we all can wrestle with trusting God. When it comes to what we need and ask for, how much should we expect? Using our finances as an example of God's provision, Ben and Pete turn to the Bible, personal experiences and observed outcomes to examine the pointy end of reliance, faith and resources.
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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You are going to want to take notes. Pete provides plenty of ways to cut costs – by letting us know what we should be auditing every year (or more often).
Key Takeaways:
Annual financial checkups are essential for effective money management and should involve reviewing all expenses and bills.
Proactively asking for better prices or researching provider alternatives can lead to significant savings without sacrificing quality.
Understanding the importance of balancing time versus potential financial savings is crucial for effective personal finance management.
Creating a “financial toolkit” can help structure the processes needed to make informed financial decisions regularly.
Complacency can harm financial health; staying informed and active in challenging existing costs regularly is beneficial.
Notable Quotes:
"You can't correct it if you don't check it."
"If you care about where your money goes and what you're spending on, you should check your bills at least annually."
"A bit like going to the doctor, you're hopefully healthy and eating healthy [...] once a year you might go to the doctor and say, how am I really doing?"
"I've never seen anybody go, 'You know what, just for hanging around here's a discount.' You don't get anything without asking."
"You need to look at the bills, not just pay them."
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Ever been on hold with a call centre about a financial issue that you didn't create? When you finally get through, did things get better – or worse? Our special guest, influencer Jordana Brown ("That British Girl"), had a stressful situation with Centrelink that went viral. She tells Pete and Ben about trying to navigate bureaucracy, standing up for what's right and how faith and kindness improve terrible exchanges.
Jordana Brown is an influential social media personality known as "That British Girl" on platforms like Instagram, TikTok, and Facebook. Before becoming an influencer, Jordana worked extensively in the production field, spending over 15 years behind the camera in a major UK church. Jordana currently hosts the Morning Wake-up Show on Salt1065 on Australia’s Sunshine Coast.
Key Takeaways:
Jordana Brown's Journey: Discover how Jordana moved from behind the scenes in production to becoming a prominent influencer and radio host. Navigating Bureaucracy: Learn about Jordana's challenging experience with Centrelink, highlighting the importance of perseverance and clarity in dealing with life admin. The Role of Empathy: Maintaining politeness and empathy – even in frustrating circumstances – can lead to resolution and change. Faith in Adversity: Explore how Jordana's Christian faith provided comfort and guidance during extensive struggles with public services. Financial Awareness: Gain insights into overcoming emotional spending and the benefits of seeking professional financial advice.Notable Quotes:
"I became an accidental influencer. I've always worked behind the camera and just started randomly creating videos." "The one thing I'll have to say as an influencer—the amount of trolling I get – [but] I try to remember they are human as well." "The older I get, the more I think I'm empathetic." "From the responses from the video, it was kindness. So, yes, my takeaway is: Be kind."Resources:
That British Girl on Instagram: @thejordanagraceJoin the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Why do we pay tax? Should we? How much? The Bible instructs about tax? Welcome to the Tax Episode you have been waiting for and it's finally arrived. Applause.
Key Takeaways:
Taxes are the financial backbone which support essential government services such as schools, hospitals, and infrastructure.
The Australian tax system is progressive – higher-income earners pay proportionally more. This allocation of resources from those who can afford to contribute more can be viewed as a fair system.
Optimising tax payments through eligible deductions and exemptions is encouraged.
The distinction between high earners and rich individuals is crucial, particularly in discussions about tax equity and avoidance.
From a Christian perspective, paying taxes is viewed as a civic duty aligned with scriptural teachings which emphasise honesty and respect for governing authorities.
Notable Quotes:
"Taxes are the price we need to pay to live in the kind of world that we want." - Pete Burrows
"A fair amount is what's correct... calculated within the laws." - Pete Burrows
"I think tax is a privilege." - Pete Burrows
"The Bible strongly indicates that paying taxes is necessary, 'giving to Caesar what is Caesar's'." - Ben McEachen
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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We know. You can't hardly wait for Season 6. It will drop in November 2024! Before that, listen to this awesome episode from Season 1! To keep helping us to get the most out of our Christmas budget, Pete and Ben offered a tonne of top tips. Listen in again or for the first time to this early Christmas gift that keeps on giving.
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Click here for the 'Smarter with Money' handout that you can use to help your household
Just like you and me, we've got burning questions to ask Pete so we could be one step closer to making sense out of the everyday money matters. We've cherry picked 10 questions (with one BONUS) for you. Press play now to hear Pete's "Smarter with Money" Q&A sesh.
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Click here for the 'Smarter with Money' handout that you can use to help your household
In this bonus episode before Season 6 drops, Pete Burrows dives into practical money tips and traps. Press play now to hear Pete's "Smarter with Money" session from Pittwater Anglican, Sydney, this month. Pete covered the importance of budgeting, saving habits, and financial planning. He shared valuable insights on setting financial goals, managing expenses, and the benefits of early financial education.
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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In this episode, Ben and Pete are joined by Hayson and Nikki Lo, hosts of the Money Matrimony podcast. Hayson and Nikki share their own experience with navigating household finances, as they took time and effort to find a more united approach. They want to help other couples with communicating better about money matters.
Key Takeaways:
Open Communication: Regular, honest conversations about daily expenses and financial goals strengthen marital relationships.
Joint Accounts: Combining finances fosters transparency and shared responsibility, ensuring both partners are involved in financial decisions.
Importance of Contentment: Teaching children about contentment and gratitude, regardless of financial status, helps ground them in healthy financial principles.
Role of Faith: Understanding that all resources come from God and striving to be good stewards impacts how money is managed and prioritised.
Balancing Act: Regular assessment of goals is necessary as balancing career aspirations and family time remains a constant challenge.
Notable Quotes:
Hayson: "The way that you view money, the way that you view the language around money, it's so important that it's about 'we' and not 'I'."
Nikki: "We are focusing more on the relational side of it, because a lot of finance podcasts involve getting rich and finding financial freedom – which is important – but we want to emphasise not making money an idol."
Hayson: "Having good communication and honest communication, even about our financial mistakes, helps foster a healthier relationship."
Nikki: "It's also seeing the value in each other's contributions, whether financial or non-financial, to help bring about those important conversations and communications."
Hayson: "We want our kids to learn contentment, to be content whether they have a lot or a little, and to always be thankful to God."
Listen now to Money Matrimony with Hayson and Nikki.
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Key Takeaways:
Cozy Fizz Explained: Or how the rising cost of living impacts luxury items and discretionary spending.
Wants vs Needs: Working out what is essential.
Economic Pressures: Small businesses, particularly in niche markets, must consider the particular sting of inflation and other financial factors.
Strategic Spending: Tips for managing finances by balancing quality purchases with affordability and necessity.
Notable Quotes:
"The more money you spend on vanity, the less money you've got to spend on humanity." - Pete Burrows
"It doesn’t cost that much more to make a fancy handbag. It’s just the name on it." - Pete Burrows
"Everybody wants to get something that’s a bit different, a bit unusual, and that comes out in people’s drinking tastes." - Pete Burrows
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Everything you need to know about starting out in stocks. Our special guest is Joe Youssef, Chief Investment Officer and Head of Distribution with Two Harbours Asset Management. You can learn more about Joe on LinkedIn.
Key Takeaways:Understanding Shares: Shares represent ownership in a company. When private companies go public, they offer shares that anyone can buy, turning shareholders into partial owners.
Importance of Liquidity: The stock market offers liquidity, allowing investors to buy and sell shares quickly, unlike properties or term deposits which are less flexible.
Educational Emphasis: Joe Youssef stresses the importance of education in investing. Investors should thoroughly understand what they are investing in to make informed decisions.
Ethical Investing: Ethical investing is becoming increasingly prominent. Investors often choose not to invest in sectors like gambling, tobacco, or certain pharmaceuticals based on personal or religious beliefs.
Long-term Strategy: Effective investing requires patience and a long-term perspective. Joe highlights the need to weather short-term market fluctuations and focus on long-term growth.
Notable Quotes:
Joe Youssef: "The definition of true investment is to buy an asset with the view of holding it and letting it appreciate steadily over time."
Pete Burrows: "It’s a flexible way to make money… the very transparency of the share market is what scares people about it."
Joe Youssef: "Historically, no market has generated the most capital returns as well as income for investors than the stock market."
Joe Youssef: "Education is key and then have the patience to see that through."
Ben McEachen: "Should I align my faith with what I invest in?"
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Key Takeaways:
Difference Between Redundancy and Retrenchment: Redundancy is a job role being removed. Retrenchment is more personal, related to your job performance.
Immediate Actions: If you are made redundant, start looking for new jobs ASAP, consult financial professionals, and consider budgeting your redundancy payment as a wage.
Tax: Understand the tax-free components of redundancy payments. Where possible, time redundancy to maximise tax benefits.
Psychological Impact: Redundancy can deeply affect your identity and emotional well-being. Seek support and aim to view it as an opportunity rather than judgment.
Financial Planning: Consider paying off high-interest debts, topping up superannuation, or investing redundancy payments to ensure financial stability.
Notable Quotes:
"Retrenchment is generally more specific to a person, while positions get made redundant." - Pete Burrows
"I've seen some clients get made redundant and then after some time, say it was the best thing that happened to them." - Pete Burrows
"It's important to think of redundancy payments as wages and not just spend it all at once." - Pete Burrows
"Redundancy seems more commonplace in recent times." - Ben McEachen
"It's nothing personal from your employer, and it also isn’t any kind of punishment or judgment by God. It’s a fact of life." - Pete Burrows
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Key Takeaways:
Faith and Generosity: Danniebelle's generous upbringing has shaped her approach to money. Any time she can show generosity, Danniebelle sees that as success.
Struggles in Sydney: Living in the second-most unaffordable city in the world, Danniebelle shares how financial strain was compounded by health issues, unemployment and worry.
Journey Through Darkness: Danniebelle recommends wise counsel, professional healthcare advice, and spiritual re-engagement to help navigate out of dark periods.
Faith, Not Finances: Rather than continue to strive for financial security, Danniebelle came to trust in God’s provision - no matter her circumstances.
The Power of God's Word: I Corinthians 10:13 has provided Danniebelle with comfort and resilience, reaffirming that God never pushes us beyond our limits.
Notable Quotes:
"It's easy to slip into the depths of the depression of it, but actually [I found it was about] not letting yourself go there and turning to God's word..." – Danniebelle Whippy
"I'm just going to get my walk right with God... and things started to change in my financial state." – Danniebelle Whippy
"It's trusting in him that he will provide for you." – Danniebelle Whippy
"He’ll never let you be pushed past your limit. He’ll always be there to help you come through it." – Danniebelle Whippy
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Key Takeaways:
Budgeting: Create a budget and stick to it, ideally making it a rolling budget to keep track of your finances monthly.
Use Money-Saving Apps: Leverage apps to compare prices and save on essentials like fuel or groceries.
Pay Off Loans Strategically: Aim to pay off loans and bills more frequently to reduce interest.
Community Resources: Utilize free resources like libraries to save on entertainment and educational needs.
Sell Unused Items: Regularly declutter and sell items you no longer need to free up space and add to your savings.
Notable Quotes:
"Don’t spend more than you earn and actually have a budget." — Pete Burrows
"Convenience comes at a cost." — Ben McEachen
"Use an app that can help you save, like the petrol apps." — Ben McEachen
"It's free to ask. There is no downside to asking for a discount." — Pete Burrows
"Make your own lunch. Retail food can be quite expensive." — Pete Burrows
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Do we really need a financial planner? How could anyone plan my money better than myself? They're charging a fee??! Joining us is financial planner Hamish Ferguson, founder and director of Vison Newcastle.
Key Takeaways:
Financial Planning's Core Value: Financial planners like Hamish Ferguson emphasize both technical skills and relational abilities to offer holistic financial guidance.
Client-Specific Solutions: Effective financial planning is highly personalized, addressing specific client goals and circumstances.
Early Engagement: Engaging with a financial planner early in life can set a strong financial foundation and mitigate future financial risks.
Fee Transparency: A good financial planner provides clear and upfront fee structures, ensuring clients understand the value and cost of services rendered.
Relational Skills Importance: Beyond technical expertise, the ability to build strong client relationships and communicate effectively is crucial in financial planning.
Notable Quotes:
"There are definitely clients that after the first meeting, I would say, look, I don't think you're quite ready for financial advice at this point in time." - Hamish Ferguson
"The goal is different to almost the tools we use. And what I typically say to people is, you know, the stock market property, super, our home, at times, they're all tools." - Hamish Ferguson
"It's not always about returns, it's about peace of mind and knowing that everything is right and you're on track." - Hamish Ferguson
Resources:
Vision Property & Finance: Vision Property & Finance
Money Smart Website: Money Smart Website
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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Past Ep - Making Housing More Affordable
Past Ep - The Blessing and Curse of Inheritance
Past Ep - Mastering Money Mindset: Balancing Logic and Emotion
Key Takeaways:
Changing Conversation on Housing: In Australia, perceptions and discussions have drastically changed, necessitating a new approach to homeownership versus renting.
"Rent money is dead money"????: Challenging long-held beliefs, renting can offer significant financial benefits, such as lower costs and greater flexibility.
Buying Costs: The interest part of mortgages is equivalent to 'dead money,' similar to rent, a reality many overlook when evaluating homeownership.
Investment Alternatives: With the high costs associated with buying property, exploring alternative investment options and savings strategies is crucial.
Future of Housing: The solution to the housing crisis lies in building more homes, rethinking government policies, and adapting to demographic changes and economic demands.
Notable Quotes:
Ben McEachen: "What has happened to the Australian dream of owning your own home?"
Pete Burrows: "Interest on your home loan is just the price of renting money off the bank."
Ben McEachen: "Renting was something you did as a stepping stone towards buying your own house. That's totally changed now."
Pete Burrows: "If parents were going to help you, it would have been to help you get into a house, but now we need to rethink our priorities."
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We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
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