Australians have $1.5 trillion stashed away in deposit accounts, but are we losing out by settling for subpar savings rates? This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rachel Wastell, personal finance expert at Mozo, to chat about setting yourself up for savings success. Have banks passed on cash rate hikes to savers? What are the highest savings account rates around? Why are some savers reluctant to switch banks? How can you choose an account that suits your needs? How safe is money in the bank? **Clarification: The Financial Claims Scheme (referenced in this episode) covers deposits of up to $250,000 per account holder, per ADI. For more information visit APRA’s Financial Claims Scheme hub. #friendswithmoney #tomwatson #rachelwastell #savings Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au
Ready to build wealth but unsure how to begin? Investing in stocks is a great way to jumpstart your financial future. Thanks to new online platforms and mobile apps, trading is more accessible than ever. This week on the Friends With Money podcast, Money's Michelle Baltazar explores the world of stock investing with Craig Keary, CEO of SelfWealth. They tackle common questions like: What does a typical investment portfolio look like? How much money do I need to start investing? What is a HIN (Holder Identification Number) and why is it important? What are the biggest misconceptions people have about investing? #friendswithmoney #michellebaltazar #craigkeary #investing Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au
If you want to know how to make and invest lots of money, one of the best ways is to learn from someone who built their fortune and became a billionaire. In this special edition of the Friends With Money Podcast, Money's Michelle Baltazar chats with Ken Fisher, the billionaire founder and executive chair of Fisher Investments, about the best way to build your financial future. • What's the best way to start investing?• Think globally• Will there be a recession? @FisherInvestAU @KennethLFisher #friendswithmoney #billionaire #advice #michellebaltazar #kenfisher Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au
A new wave of superannuation changes is on the horizon, so what could they mean for your retirement?This week on the Friends With Money podcast, Money's Tom Watson is joined by Shane Hancock, general manager of retirement at AustralianSuper, to unpack proposed changes to higher super balances and the low income super tax offset (LISTO) and provide an update on payday super.00:00 Introduction01:28 Tax changes on higher super balances05:31 Low Income Superannuation Tax Offset (LISTO) explained10:44 Payday super update13:40 The importance of staying informed about super16:40 Conclusion#friendswithmoney #tomwatson #shanehancock #superannuationPodcast Links:Listen on Apple PodcastsListen on SpotifyMoney WebsiteYouTube Podcast PlaylistEmail Us: podcast@moneymag.com.auGet stories like this in our newsletter: bit.ly/3GDirbR
In this episode of the Friends With Money podcast, Vanessa Walker, managing editor of Money Magazine, delves into the topic of franking credits with Matthew Gibbs, the author of 'Frankly Speaking' in Money Magazine's October issue. Matthew explains the concept of franking credits, how they work, and their implications for shareholders in Australia. He discusses the benefits and potential downsides, highlighting the impact of corporate tax rates and providing examples to illustrate these points. #friendswithmoney #vanessawalker #matthewgibbs #frankingcredits00:20 Understanding Franking Credits00:54 Detailed Explanation of Franking Credits03:56 Tax Implications for Shareholders07:37 Examples and Calculations11:52 Potential Changes in Corporate Tax RatesPodcast Links:Listen on Apple PodcastsListen on SpotifyMoney WebsiteYouTube Podcast PlaylistEmail Us: podcast@moneymag.com.auGet stories like this in our newsletter: bit.ly/3GDirbR
One of the great uncertainties in retirement is how long your savings will need to last. So, could annuities provide an answer? On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Aaron Minney, head of retirement income research at Challenger, to unpack everything annuities.00:00 Introduction00:50 What are annuities?01:33 Understanding how annuities work04:40 Annuities vs account-based pensions06:32 Pros and cons of annuities09:02 Which retirees could annuities suit?13:23 Sequencing risk and annuities16:42 Perceptions and awareness20:20 Conclusion#friendswithmoney #tomwatson #aaronminney #annuitiesPodcast Links:Listen on Apple PodcastsListen on SpotifyMoney WebsiteYouTube Podcast PlaylistEmail Us: podcast@moneymag.com.auGet stories like this in our newsletter: bit.ly/3GDirbR
From superannuation to digital assets, there’s much more to think about with estate planning than just creating a will.On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by William Moore, partner and head of private client advisory at Hall & Wilcox, to run through some of the essential components of estate planning.00:00 Introduction01:45 Why you need a will and when to update it04:51 Power of attorney08:05 Superannuation and naming beneficiaries12:17 Digital assets in estate planning15:04 Tax implications for beneficiaries18:43 Final Thoughts and Advice20:28 Conclusion#friendswithmoney #tomwatson #williammoore #estateplanningPodcast Links:Listen on Apple PodcastsListen on SpotifyMoney WebsiteYouTube Podcast PlaylistEmail Us: podcast@moneymag.com.auGet stories like this in our newsletter: bit.ly/3GDirbR
Procrastination is a bad habit at the best of times, but when it comes to our finances, failing to act can have serious consequences.On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Shayne Sommer, a private wealth adviser at Shadforth Financial Group, to discuss the topic of financial procrastination and the ways in which it can be tackled.00:00 Introduction01:37 Common examples of financial procrastination04:03 Psychological factors behind it06:10 The consequences of financial procrastination09:50 Strategies to combat procrastination11:51 Imbedding good habits12:45 Conclusion#friendswithmoney #tomwatson #shaynesommer #financialprocrastinationListen on Apple PodcastsListen on SpotifyMoney WebsiteYouTube Podcast PlaylistEmail Us: podcast@moneymag.com.auGet stories like this in our newsletter: bit.ly/3GDirbR
Emerging markets have had a strong showing so far in 2025. But is the allure of growth and diversification worth the risk?On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Hugh Lam, investment strategist at Betashares, to take a deep dive into the world of emerging markets.01:24 Defining emerging markets04:48 Opportunities in emerging markets07:12 Risks in emerging markets08:34 The place of emerging markets in a portfolio12:50 Recent performance of emerging markets15:30 China and India: Key markets19:00 Investment optionsfriendswithmoney #tomwatson #hughlam #investing #emergingmarketsListen on Apple PodcastsListen on SpotifyMoney WebsiteYouTube Podcast PlaylistEmail Us: podcast@moneymag.com.auGet stories like this in our newsletter: bit.ly/3GDirbR
Whatever the asset, investors dream of spotting opportunities before everyone else – and property’s no different. So how can buyers identify hotspots early?On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Abdullah Nouh, founder of Melbourne buyers’ agency Mecca Property Group, to discuss the features that investors may want to look for in a location and individual property. 00:00 Introduction01:33 Key indicators of growth suburbs04:24 Spotlight on Melbourne, Perth and Darwin08:14 Traits of a good investment property11:38 Additional tips for property investors14:25 Conclusion#friendswithmoney #tomwatson # abdullahnouh #property #propertyinvestingListen on Apple PodcastsListen on SpotifyMoney WebsiteYouTube Podcast PlaylistEmail Us: podcast@moneymag.com.auGet stories like this in our newsletter: bit.ly/3GDirbR
In this episode of the Friends With Money podcast, Vanessa Walker hosts an in-depth discussion with journalist Ryan Johnson about the financial aspects of solar energy in Australia. Starting with the government's 2020 renewable energy target, the conversation covers the evolution and uptake of solar panels, the introduction of solar batteries, and the new incentives available. They also delve into innovative energy solutions like virtual energy networks, vehicle-to-grid (V2G) technology, and the impact of electric vehicles on home energy storage. 00:39 The history and impact of solar energy in Australia 03:24 The rise of solar batteries 06:42 Innovative energy solutions and subsidies 10:03 Electric vehicles and energy integration #friendswithmoney #vanessawalker #ryanjohnson #renewables #solar Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
Investors often agonise between choosing stocks that can deliver dividends or growth. But is it possible to get the best of both worlds? On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Jonathan Nurick, founder and co-chief investment officer at investment fund DivGro, to discuss all things dividends. 00:00 Introduction 01:26 Understanding dividend and growth stocks 02:36 The advantages of dividend stocks 03:15 The emotional journey of investing 04:52 The Gordon growth model explained 07:00 Identifying good dividend stocks 09:08 Examples of dividend stocks 11:52 Generating income from dividends 14:24 Balancing your investment portfolio 16:28 Final thoughts and tips 18:52: Conclusion #friendswithmoney #tomwatson # jonathannurick #investing #dividends Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
With power bills rising, could solar, batteries and electrified heating and cooking help households save in the long run? On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Saul Griffith, founder of Rewiring Australia and author of Plug In – The Electrification Handbook, to discuss the opportunities presented by home electrification. 01:44 The journey to writing Plug In - The Electrification Handbook04:15 Understanding electrification and its benefits07:02 The five major areas of household electrification08:55 Costs and payback11:02 Explaining Home Energy Management Systems (HEMS)14:23 Challenges for renters and strata owners16:46 The economic benefits of electrification #friendswithmoney #tomwatson #saulgriffith #energy #electrification Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
Is AI coming to take your job? In this episode of the Friends With Money Podcast by Money Magazine, managing editor Vanessa Walker and journalist Nicola Field discuss the impact of AI on the job market, focusing on both global and local perspectives. They explore how AI is expected to create more jobs than it eliminates by 2030 and identify roles likely to thrive versus those at risk, characteristics of AI-resistant jobs, and strategies for employees to future-proof their careers. They further discuss the importance of embracing AI-related changes and continuous learning to stay competitive in the evolving job market. 00:47 Impact of AI on global and Australian job markets 02:01 AI in the workplace: Efficiency and human roles 03:24 Benefits of AI for employers 04:29 Future-proofing your career with AI 05:58 Fastest growing and declining jobs 08:06 Educational paths and opportunities in AI #friendswithmoney #vanessawalker #nicolafield #AIjoblosses Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
Home prices are rising and interest rates falling, so do buyers or sellers hold the cards leading into the spring property season? On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Dr Nicola Powell, chief of research and economics at Domain, to discuss the latest on property prices and preview the spring property season. #friendswithmoney #tomwatson #nicolapowell #property #spring 00:59 Spring property market preview 01:45 Current property market trends 03:43 Impact of cash rate reductions 05:07 Profits and losses in the housing market 06:17 Spring selling season insights 09:19 Market outlook for 2025 and beyond Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
The RBA dropped the cash rate once again at its August meeting, so which banks have already passed the cut on to mortgage and savings customers? On this bonus episode of the Friends With Money podcast, Money’s Tom Watson is joined by Graham Cooke, head of consumer research at Finder, to run through the latest home loan and savings changes following the August RBA cut. #friendswithmoney #tomwatson #grahamcooke #rba #mortgages Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
There are many parts to building sturdy financial foundations, but it’s hard to argue against the importance of property in that mix. This week on the Friends With Money podcast, Money’s Tom Watson is joined by financial advisor and author, Helen Baker, to talk about her latest book ‘Money for life’ and the role of property in building financial security. They discuss: Five fundamental financial foundations Buying a home versus an investment property What buyers often don’t not know about property finance Property and opportunity cost The benefit of owning property in retirement #friendswithmoney #tomwatson #helenbaker #property Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au
From mix-ups and records highs to new ETF listings, the past week has been full of action on the ASX. On this bonus episode of the Friends With Money podcast, Money’s Tom Watson is joined by Samy Sriram, market analyst at Stake, to discuss the new exchange traded funds from Betashares and Global X and to provide an update on the performance of the local market. #friendswithmoney #tomwatson #samysriram #asx #etfs Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
Balancing emotions, managing relationships, making practical financial decisions – dealing with an inheritance isn’t always simple. On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Melody Edwards, a senior financial adviser at Evalesco, to discuss the hidden costs of inheritance and aligning a windfall with your financial goals. 00:00 Introduction 02:52 Emotional and relationship dynamics of inheritances 07:43 Practical advice for managing an inheritance 10:08 Short-term and long-term financial strategies for inheritances 16:32 Final thoughts and tips 18:13 Conclusion and farewell #friendswithmoney #tomwatson #melodyedwards #inheritance Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
In this episode of the Friends With Money Podcast, Vanessa Walker, managing editor of Money, interviews Paolo Sironi, a global research leader in banking and finance from the IBM Institute for Business Value, about the transformative impact of AI on the banking sector, its innovations, and the emerging trends of digitalisation, personalisation, communication, and platformisation. They also delve into the risks associated with AI, such as data breaches, and the importance of AI literacy and talent in the banking industry. Sironi provides insights on how Australian banks can stay competitive, especially by focusing on the small and medium-sized enterprises (SME) market, and the need to adapt risk management practices to leverage AI effectively. 00:45 The evolution of banking with AI 04:08 AI and customer security risks 07:32 The rise of agentic AI in banking 10:12 Australian Banks: staying competitive with AI 15:27 Managing risk with AI 18:45 Future innovations and opportunities #friendswithmoney #vanessawalker #paolosironi #aibanking Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR
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To earn money from the TimePay app, simply sign up and start using the app’s features. First, claim ₹10 instantly upon registration. Then, use the "Refer & Earn" program to earn ₹10 for each successful referral. Share your unique referral code with friends and family, and when they sign up and complete their first transaction, you get rewarded. You can continue to earn by referring more people, making it a great way to generate passive income. Additionally, the app may offer other opportunities like completing tasks or special promotions that can boost your earnings. TimePay makes earning money easy and quick https://www.indtricks.com/timepay-app/
Game Wala
To earn money from the TimePay app, simply sign up and start using the app’s features. First, claim ₹10 instantly upon registration. Then, use the "Refer & Earn" program to earn ₹10 for each successful referral. Share your unique referral code with friends and family, and when they sign up and complete their first transaction, you get rewarded. You can continue to earn by referring more people, making it a great way to generate passive income. Additionally, the app may offer other opportunities like completing tasks or special promotions that can boost your earnings. TimePay makes earning money easy and quick! You’ve hit the Free plan limit for GPT-4o. Responses will use another model until your limit resets after 3:56 PM. Get Plus https://www.indtricks.com/timepay-app/
Game Wala
To earn money from the TimePay app, simply sign up and start using the app’s features. First, claim ₹10 instantly upon registration. Then, use the "Refer & Earn" program to earn ₹10 for each successful referral. Share your unique referral code with friends and family, and when they sign up and complete their first transaction, you get rewarded. You can continue to earn by referring more people, making it a great way to generate passive income. Additionally, the app may offer other opportunities like completing tasks or special promotions that can boost your earnings. TimePay makes earning money easy and quick! https://www.indtricks.com/timepay-app/
Game Wala
Earn money online by answering questions on various Q&A platforms. Websites like JustAnswer, Experts Exchange, and Quora allow you to share your expertise and get paid for your knowledge. By signing up and creating a profile, you can start answering questions in areas like technology, health, finance, and more. As you provide valuable answers, users or companies may pay you for your insights, or you can earn through a revenue-sharing model. These platforms offer a flexible way to earn money from home, leveraging your skills and expertise while helping others with their queries. https://www.referralcode.app/earn-money-online-by-answering-questions