In this episode of Savvy Money Talks, I share valuable insights gleaned from my fitness journey and how these lessons can be directly applied to building wealth and achieving financial freedom. Tune in as we explore the power of consistency, embracing beginner's mindset, building habits, finding your financial tribe and setting achievable goals. I discuss: ** How Consistency is Key.....yes I know this isn't exciting, but it works! ** Stepping out of your comfort zone. Don't shy away from new financial skills or concepts, even if they seem challenging at first. ** Changing your identity around wealth and creating good, sustainable habits ** Finding Your Financial Tribe: Surround yourself with like-minded individuals who are also on their financial journey. ** Set Mini-Goals: Break down your big financial goals into smaller, more achievable milestones. This episode serves as a powerful reminder that the principles of fitness and finance are closely intertwined. By adopting the discipline, mindset and habits that lead to physical well-being, we can also cultivate financial strength and resilience. Remember, it's a journey of continuous learning and growth. The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In this episode of Savvy Money Talks, I dive into the difference between income focused investing and capital growth focused investing.I discuss: ** The two components which make up your returns from investing in shares. ** Other factors to consider when it comes to the 4% withdrawal rule ** Why you need to be aware of longevity and sequencing risks. ** Why it's important to still have a focus on diversification when you have an income focused portfolio The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In this episode of Savvy Money Talks, I dive into the financial strategies and mindset shifts that can set you up for success, amazing if implemented in your 20s but applicable regardless of your age.I discuss: ** The importance of mastering money management as it's the foundation of financial growth. ** Increase Your Earning Potential: Invest in your skills and knowledge to boost your income and open up new opportunities. ** The Mindset Side of Money: learn how to cultivate a healthy financial mindset. ** Strategy and Mindset: A Powerful Combination: Discover why both a solid financial strategy and the right mindset are crucial for achieving your financial goals. The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In this episode of Savvy Money Talks, I dive deep into the world of passive investing and explore the crucial distinction between passive and active management. Many investors believe they are investing passively simply by holding ETFs, but the reality is more nuanced. I discuss: ** What passive management and active management mean ** Discuss the implications of your investment actions ** Provide strategies to ensure you’re truly investing passively The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In this episode of Savvy Money Talks, I discuss the intricacies of the Australian housing market, challenging conventional beliefs about property ownership and exploring alternative paths to wealth accumulation.I discuss: ** The entrenched belief in Australia that property ownership is the ONLY path to wealth and why this may be detrimental for you in the future ** Cultural and familial influences often perpetuate the notion that property ownership equates to security and success, but this mindset may not align with modern economic realities. ** Rising housing prices, increased debt burdens, and a shifting regulatory environment over the last 50 years have reshaped the landscape of property ownership, leading to greater financial strain and inequality. ** Renting coupled with strategic investments in the share market can offer comparable returns to property ownership, providing greater choice and flexibility Morningstar article Financial Freedom Fundamentals Waitlist The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In this episode of Savvy Money Talks, I delve into the imperative need for everyone, especially women, to invest for a number of reasons including a secure financial future.I discuss: ** How saving alone will not enable you to reach your goals and have a safe retirement or early retirement ** Why time is your biggest ally ** The choice and freedom to pursue personal goals, from travelling to entrepreneurship, while also providing a safety net in challenging situations like coping with significant life events ** Risk Perception vs. Reality: investing isn't synonymous with high-risk trading ** Understanding the difference and adopting a long-term perspective can minimise risks ** The crucial role emotional resilience plays, alongside financial literacy Financial Freedom Fundamentals Waitlist The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
How do you actually make money from shares? The ins and outs of it are discussed in this episode of Savvy Money Talks including some often overlooked aspects that impact overall returns.I discuss: ** Income Generation: Understand the primary sources of income from shares ** Capital Appreciation: Explore the concept of capital gains, where profits are realised through selling shares or ETFs at a higher value than their purchase price with the risk of a loss ** The impact fees make: the higher the fees, the bigger the impact on your overall returns ** The tax implications of holding assets in different structures and the benefits of franking credits on Australian shares which can significantly impact overall investment returns.The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In this episode of Savvy Money Talks, we explore the power of Dollar Cost Averaging (DCA) and its significance in wealth accumulation, particularly through exchange-traded funds (ETFs). I discuss: ** What Dollar Cost Averaging is and why it's beneficial ** How it helps you overcome trying to pick the "perfect" time to invest in ETFs ** The importance of not trying to time the market and the impact of missing the top 10 best days Financial Freedom Fundamentals Waitlist The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In this episode of Savvy Money Talks, we delve into the transformative impact of Exchange Traded Funds (ETFs) and micro-investing platforms, making investing more accessible than ever. Explore the world of ETFs as we discuss what they are and essential considerations for potential investors. I discuss: ** Understanding Exchange Traded Funds (ETFs) ** The main ETF providers on the market ** Key considerations when selecting an ETF including the management style, index tracking, underlying holdings, fees, portfolio fit and dividends/distributions Financial Freedom Fundamentals Waitlist The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
What's the difference between robo-advice investing platforms and brokerage platforms? In this episode of Savvy Money Talks, I break it down for you exploring the nuances between the two. I discuss: ** Why robo-advice platforms are a great option for beginners ** The things you need to consider before starting to invest with brokerage platforms ** The different levels of decisions you need to make for each platform ** How both robo-advice and brokerage platforms have revolutionised accessibility, offering more options than ever before Investing Platforms Guide The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In this episode I delve into the 9 hard-hitting truths that pave the way to building wealth and creating financial freedom. I discuss: ** How creating financial freedom starts with you. No one will save you. Face your numbers and take control ** People think it's one thing that makes you wealthy, but the truth is it's lots of small, consistent habits in thoughts, beliefs, and actions ** No one will care for your money like you. Don't fully outsource financial decisions ** Surround yourself with those who inspire and challenge you financially. Your network influences your financial mindset ** Expect Mistakes, Learn Consistently, Embrace setbacks The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
Crafting and sticking to your personal investment philosophy is one of the best ways to make sure you stay on track to achieving your financial freedom goals! In this episode I discuss: **What a personal investment philosophy is and why it's so important to have one **Why your goals need to be front and centre of your investment philosophy **How to clearly outline your investment approach, what you will and won't do **I share how my personal investment philosophy guided some recent decisions and avoided me making unaligned choices ** The importance of documenting your personal investment philosophy Access Invest, Thrive & Retire Early - The Ultimate Investing Masterclass for Women here. The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
Reflecting on the year that was and planning the year that is from a wealth perspective! In this episode I discuss: **Reflecting on the year that was from a wealth perspective **Celebrating what worked well from a mindset **What could you improve upon and is there anywhere you sabotaged yourself? **Reviewing your financial goals against actuals at a micro and macro level **Setting financial goals for the year ahead both from a practical perspective and a mindset perspective Access Invest, Thrive & Retire Early - The Ultimate Investing Masterclass for Women here. The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In my first ever episode with a guest, I interview Alana Nelson about how she and her husband built a million dollar property portfolio in her 20s, building it to a multimillion property portfolio now in her 40s. Alana shares the three most important things they did to build their property portfolio and insights into what she recommends if you're starting out now (including what she tells her teenage kids). We also discuss some key criteria and metrix when looking for property. The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
Today I’m bringing you insights honed from over a decade in the finance industry and sharing the 6 key lessons I’ve learnt along the way. In this episode I discuss: ** Focus not just on earning money but on retaining and multiplying it through various income streams** Highlight the impact of lifestyle creep and the importance of instilling good spending habits early on** The importance of defining your version of success and aligning spending with personal values and intentions** The significance of being organized with financial numbers, borrowing capacity, and investment philosophies** the impact of loss aversion and the importance of understanding one's money story for long-term investment successThe information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
Welcome to today's episode of Savvy Money Talks where I am discussing Australia's housing crisis! In this insightful discussion, we explore: ** The fundamental economic dynamics of supply and demand, revealing the root causes of soaring housing prices in Australia. ** Dr. Shane Oliver's analysis of the key factors impacting housing affordability, emphasizing the disproportionate growth of housing prices compared to incomes. ** A historical overview, highlighting decades of underinvestment in social housing and a predominant focus on demand-side solutions. ** Examining successful international strategies, such as Auckland's "upzoning," and their positive impact on housing stock and affordability. ** Anticipating the challenges and potential outcomes of the Australian government's $10 billion plan to build 1.2 million homes in the next five years. Thank you for joining me for this episode of Savvy Money Talks. If you love this episode, it would mean the world to me if you'd subscribe, leave a review or take a screenshot and share it on your insta stories. If you're not already, come hang out with me on insta @savvy.wealth If you know you need support with managing money and investing, make sure you join the waitlist for Financial Freedom Fundamentals https://savvywealth.com.au/financial-freedom-fundamentals-waitlist/ The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
Welcome to another insightful episode of Savvy Money Talks! Today, we're delving deep into the world of investing, focusing on a key strategy: diversification. In this episode I discuss: ** Why diversification is your investing buffet ** Looking beyond country allocations and how sectors play a vital role ** Diversification doesn't eliminate volatility, but it provides a safety net and allows you to manage and reduce risk ** How to actually create a diversified portfolio Thank you for joining me for this episode of Savvy Money Talks. If you love this episode, it would mean the world to me if you'd subscribe, leave a review or take a screenshot and share it on your insta stories. If you're not already, come hang out with me on insta @savvy.wealth If you know you need support with managing money and investing, make sure you join the waitlist for Financial Freedom Fundamentals https://savvywealth.com.au/financial-freedom-fundamentals-waitlist/ The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In today's episode, I delve into how to define what success looks like to you when it comes to financial freedom and how much money you need invested to generate sufficient income, allowing you to cover your expenses without depleting your initial investment. In this episode: ** I explain the FIRE and financial freedom movement ** How to calculate your three levels of financial freedom figures ** How much money you need invested to generate your desired levels of income ** Understanding how different returns and contribution amounts impact the timeframe to achieve your goals ** Some further considerations for Aussie listeners Thank you for joining me for this episode of Savvy Money Talks. If you love this episode, it would mean the world to me if you'd subscribe, leave a review or take a screenshot and share it on your insta stories. If you're not already, come hang out with me on insta @savvy.wealth If you know you need support with managing money and investing, make sure you join the waitlist for Financial Freedom Fundamentals https://savvywealth.com.au/financial-freedom-fundamentals-waitlist/ The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In today's episode, I discuss the concept of rentvesting and the pros and cons of investing in property and shares or a combination of both. In this episode: ** I share about my property investing journey so far ** The Australian obsession with property and why it's not the only way to build wealth ** Some data on property and share returns in Australia that may surprise you ** How age pension eligibility works in Australia and some future considerations Thank you for joining me for this episode of Savvy Money Talks. If you love this episode, it would mean the world to me if you'd subscribe, leave a review or take a screenshot and share it on your insta stories. If you're not already, come hang out with me on insta @savvy.wealth If you know you need support with managing money and investing, make sure you join the waitlist for Financial Freedom Fundamentals https://savvywealth.com.au/financial-freedom-fundamentals-waitlist/ The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.
In today's episode I discuss the ongoing debate between active and passive management in share investing, sharing some actual data on whether active manages outperform the market over the short, medium and long term. In this episode: ** I explain the difference between actively managed funds passively managed funds? ** Learn about the SPIVA report which compares active funds' performance against benchmarks over different time horizons. ** I share data from the SPIVA scorecard which shows underperformance rates for active funds increasing with longer timeframes. ** A summary of the Australian ETF market ** How recency bias influence investors decisions Thank you for joining me for this episode of Savvy Money Talks. If you love this episode, it would mean the world to me if you’d subscribe, leave a review or take a screenshot and share it on your Insta stories. If you’re not already, come hang out with me on insta @savvy.wealth If you know you need support with managing money and investing, make sure you join the waitlist for Financial Freedom Fundamentals https://savvywealth.com.au/financial-freedom-fundamentals-waitlist/ The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It’s for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.