RSM's talkBIG Podcast

Whether you're working for a salary, managing your own business, or planning for retirement, inflation is having an impact on your finances. You need to understand that impact to make sure you adjust your financial strategy in the right direction. Special guest David Berthon-Jones joins us to discuss the impact of inflation as well as strategies for managing finances and investments in a high-inflation economy.If you’re feeling the pinch of rising prices and wondering how to safeguard your financial future, tune in now. 📌Timestamps:0:00 Intro02:09 Generating profits through inflation03:27 How does inflation impact the composition and allocation of investment portfolios?06:22  Thoughts on the RBA lifting interest rates to control inflation09:25  Finding the balance between risk and reward when adjusting portfolios for inflation13:26 How much do investors change strategies during inflation?15:24 What is a good, sustainable rate of return for a long-term investment?18:22 What is the benefit of having a fund manager?21:38 When is a good time to start building your wealth through investing?24:37 What is the material value of getting financial advice?About David: David Berthon-Jones CFA is a founding partner and Joint Chief Investment Officer at Aequitas Investment Partners. With a stellar career as a professional asset consultant and a portfolio manager overseeing a $3bn portfolio, David brings a wealth of knowledge and experience. David is responsible for macro-economic analysis and dynamic asset allocation processes across a range of reliable multi-asset and direct equity portfolios. He was also one of the expert contributors for our thinkBIG report – the SME guide to inflation and interest rate rises.Please note: the information shared on this podcast is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Before making an investment or trading decision you should consult with your financial adviser & consider how appropriate the advice (if any) is to your objectives, financial situation and needs.For expert financial advice tailored to your personal situation, please reach out to one of our wealth management specialists.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Get ready for some money-saving strategies to help you stretch your hard-earned dollars. Join Andrew, Chris, and Young on the talkBIG podcast as they tackle the challenges of a high cost of living and rising interest rates. In this episode, the hosts reveal eight "accountant secrets" for smart money management and household budgeting. Learn about compound interest, paying yourself first, offset accounts, paying down your mortgage principal, and more.We know that the rising cost of living can put a strain on your finances, especially when interest rates start climbing.  Whether you're a homeowner or renter, this episode is full of valuable tips to help you save on expenses and manage your finances effectively. From budgeting groceries to evaluating fixed rates versus variable rates, the talkBIG team has got you covered. Tune in now and start your journey towards financial well-being and a brighter future. Don't forget to like and subscribe for more money-saving tips.Share your thoughts, questions, and stories with us through our website, social media channels, or email, and let your input shape future episodes!Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Looking to save money on your energy bill? Join hosts Andrew, Chris, and Young as they dive into the world of energy efficiency in this electrifying episode of talkBIG. Discover practical strategies that not only put cash back in your pocket but also contribute to a greener planet.The talkBIG crew sits down with Jacob Elkhishin, RSM's National Leader for Resources, Mining, Energy & Sustainability to take a deep dive into energy efficiency. They delve into the global factors influencing energy bills and explore ways to reduce daily energy usage, from upgrading appliances to triple-glazed windows. Jacob also shares his  insights into ESG (Environmental, Social, and Governance) and its impact on business profitability.Don't miss out on these energy-saving tricks that'll not only save you money but also enhance your long-term resilience. If you're tired of skyrocketing energy prices and eager to shrink your bills, tune in now.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

talkBIG season 2 episode 8: - Cyber security and IT for small business – with guest Darren Booth  Let's face it, cyber attacks have become so common that you can barely turn on the news without hearing about some sort of massive data breach. But don't worry, RSM is here to help. For this talkBIG episode, hosts Andrew, Young, and Chris sat down with RSM's National Head of Cyber Security and Privacy Risk Services, Darren Booth, to uncover some startling truths about the seedy underworld of cybercrime and how businesses can protect themselves from cybercriminals.You'll be surprised to learn that your hacker is more likely to be working 9-5 in a call centre run by organised criminals than a teenage hacker operating out of their parents' basement. Plus, did you know that people and processes can be a bigger risk than your IT system?With the recent data breaches of major Australian companies like Optus and Medibank still fresh in our minds, it's more important than ever to learn about the risks and how to protect your sensitive information. And maybe it's time to reconsider whether you need to keep some of that customer data in the first place.If you're worried that tech talk will go over your head, don't! Darren and the talkBIG crew break it down in an easy conversational style that you'll love listening to. They cover some great tips on where to start with cyber security, how people actually get hacked (you might be surprised!), whether cyber insurance is worth it, and the consequences for a business that experiences a breach.So what are you waiting for? Tune in now and get cyber smart with RSM and the talkBIG crew.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

In part two of our talkBIG double episode, Andrew, Young and Chris discuss the final four trends from our thinkBIG report on the 8 key trends impacting small businesses in 2023. If you're a small business owner or private contractor, you won't want to miss this.First up, the talkBIG team talks about cyber security, and it's a big deal. Did you know that the dark web is now the third largest economy in the world? And a cyber crime is reported every 7 minutes! That's why it's crucial for businesses to safeguard their data and have a backup plan in case of a breach. It can cost a lot of money and even put you out of business. Don't take the risk of losing everything, tune in to learn how you can protect your business.The next hot topic our hosts weigh in on is staff shortages. It's tough for small businesses to compete with the big guys when it comes to hiring. The talkBIG gang share some strategies to help business owners overcome this hurdle, such as using technology to automate tasks and free up your staff to focus on higher value work. They also discuss how you can showcase your unique selling points to attract top talent.Cashflow is always a top concern for small business owners, but don't worry, there are more options than just taking out loans. Andrew, Young, and Chris suggest exploring government incentives and grants that you may be eligible for. With a bit of effort and research, you could find ways to boost your cashflow without taking on more debt. Finally, the talkBIG team talks about virtual CFO services, a great option for businesses looking to gain financial insights without hiring a full-time CFO. You'll learn how you can get financial analysis, identify risks and opportunities, and even negotiate with stakeholders and lenders. Plus, the insights gained from forecasting can help you decide if it's time to hire a permanent CFO or not.So there you have it, the final four trends from the thinkBIG report, delivered straight to your ears. Don't forget to subscribe to our channel for more business and finance insights, and check out our library for previous episodes that will help you make smart business decisions to keep your business thriving.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

In this two-part episode of talkBIG, hosts Andrew, Young and Chris explore the big trends affecting small businesses in Australia in 2023 and beyond. If you own a small business, listen up because this episode is just for you. The world is changing fast, so it’s important for business leaders to reflect on their strategies and look for ways to improve. Obviously, knowing what to expect makes it that much easier to plan ahead. Earlier this year, RSM released an in-depth report which identified 8 trends changing the Australian business world in 2023. Our talkBIG panel discuss the report, talking about each trend and what it means for the average Aussie small business owner.  In part one of this two-part series, the gang talks about some pretty important topics that could make or break your business. First up, they cover wage compliance and how to stay on the right side of the law when it comes to paying your employees. Trust us, you don't want to get caught out on this one!Then, they delve into data privacy, discussing the hefty price tag that comes with collecting customer data. With data breaches on the rise and the government cracking down on privacy breaches, it's important to take data privacy seriously. Luckily, the guys have some tips on how to do just that.Next up, they tackle the topic of digital business and how to give your business a digital makeover. With remote working becoming the norm, it's time to start thinking about how you can use technology to improve your business and save money.Last but not least, they chat about data insights and how to use the data you collect to make smarter business decisions. By combining data from different sources and incorporating external data, you can gain valuable insights that will help you make informed decisions for your business.Stay tuned for part two, where we cover the remaining four trends impacting small businesses in Australia.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

In a not-to-be-missed episode, the talkBIG hosts are joined by Julian Muldoon, Director and Founding Partner of 1Group Property who shares his insights into the state of the housing market in Australia and what we can expect to see throughout 2023. Housing, renting and the investment property market has become a hot topic in Australia. With the recent RBA rate hikes leading to higher mortgage repayments and shrinking property values, coupled with a widespread rental crisis, the state of the property market in Australia has never been more pressing. In this insightful discussion, Andrew, Young and Chris quiz Julian on the current state of affairs, exploring the challenges and opportunities facing both buyers and renters alike, and what we can expect to see unfold throughout 2023. Don't miss out on this essential discussion - tune in now!Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Everyone makes (and breaks) resolutions at the turning of the year. But with rising inflation and a looming recession, there are some financial new year's resolutions that will be essential to get ahead in 2023. talkBIG hosts Chris and Young chat to guest Andrew Fernance about setting and achieving financial goals, with expert strategies for making hard financial decisions. Whether you're managing your personal finances or the budget for your business, these tips will help you get ahead in 2023.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Interested in the stock market but not sure where to begin? Special guest Louise Bedford shares her secrets to becoming a successful day trader. She talks about how to cut through the amateur advice that might get you into trouble, and navigate market volatility like a pro. Andrew, Chris, and Young have a riveting conversation with Louise about the intricacies of trading, the difference between trading and investing, and the comparative strengths of using technical analysis versus fundamental analysis to guide your decisions on the share market. The information shared on this podcast is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Before making an investment or trading decision you should consult with your financial adviser & consider how appropriate the advice (if any) is to your objectives, financial situation and needs._______________________________________________________________________________________Louise Bedford is a best-selling author of five books on the stockmarket. She is a behavioural finance expert and has degrees in Psychology and Business. She’s been running the 6-month repeat-for-free www.tradinggame.com.au Mentor Program since the year 2000, and she’s also the founder of www.talkingtrading.com.au, a free weekly trading podcast.Known as ‘the corporate executive who lost the use of her arms and achieved financial freedom by trading with a pen in her mouth’ – she will inspire you to achieve your trading best.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

After ten years out of government, Treasurer Jim Chalmers has delivered Labor's first budget since its election victory in May. In this special episode of talkBIG, host Andrew Sykes plays facilitator as he talks to RSM experts Liam Telford, Grace Bacon, and Rick Kimberley about the October 2022-23 Australian Federal Budget. They discuss how will this budget will impact Australia’s economic resilience as it attempts to solve the inflation, growth, and jobs challenges Australia faces. For a more detailed analysis, make sure to download the RSM Federal Budget report. Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

In this episode of talkBIG, hosts Andrew, Young and Chris take on a topic many people want the answer to: "How do I get rich?" They approach the question with a blend of straight-forward advice on building wealth and entertaining quips about get-rich-quick schemes.Chris shares his insights into the strategy that goes into growing personal wealth, answering some common questions about thinking like a rich person. Learn about investment strategies, tips on how to save, hidden costs, safe versus risky finance management and when it's okay to indulge. Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

In our first episode of the new season of talkBIG, we answer one of the most common questions accountants hear during tax season: what expenses "count" as taxable deductions?Our talkBIG hosts, Andrew, Chris, and Young,  discuss the "golden rules" of managing tax deductions. Along the way, they cover the Australian Tax Office (ATO) rules surrounding: travel expenses record keeping COVID-19 payments RAT tests changes to superannuationcars clotheslaundryeducation and training working from homeholiday homes rental propertiesIf you've ever been unsure about what things can be deducted when doing your tax return in Australia - this episode is a must-listen!Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Sarina Lacey leads the Health Economics Business Unit at the Centre for International Economics and will be speaking to us about health economics, the impact that has on individual finances and health insurance. Shaped in the late 1900's with the commencement of Medicare, Australia's health system is very different to any other country: giving Australians universal access but, what is the cost of that and what role does private health insurance play? From a society perspective, health insurance is very much worth it for the betterment of the overall health sector but as an individual is it worth your while?Join us for this episode of talkBIG as we discuss all things Health.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Kate Carnell AO is an Australian businesswoman and former politician. Now, as Chair of a recently publicly listed company, Racing and Sports, Kate takes us through what is involved in going IPO and what has kept her enthused and focused on what really counts in business throughout the years. Kate started her career as a Pharmacist in the 1980s, later launching her foray into politics after being involved in the Pharmacy Guild and Canberra Chamber of Commerce. This led her to being the ACT Chief Minister and Small Business and Family Enterprise Ombudsman.Whether it was aspiring to be the best professional pharmacist by knowing every customer by name or utilising 'situational leadership' to guide her teams through challenging situations, Kate has a wealth of knowledge to share and it was a pleasure speaking with her. Enjoy the listen!Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Access insights from our panel of experts, including regular talkBIG host Andrew Sykes, Partner - RSM Australia, Effie Zahos, Editor at Large - CANSTAR, David Pearce, Executive Director - The Centre for International Economics, Mary Lai, Principal - RSM Australia and Paul Bongiorno, Columnist - The Saturday Paper as they unpack the challenges and opportunities for an Australia focused on recovery and re-building.Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

David Pearce has been studying the economic effects of climate change and related issues for over 30 years. Over recent times in Australia alone, we've experienced increasing economic threats due to floods, bushfires and natural disasters. Being a coastal nation, sea levels rising which will affect most of our major cities in the near future. Maintaining agricultural productivity, more droughts or floods and heat stress in general will also be of a particular concern. When the solution seems clear, how can one make world leaders think beyond the next 2-3 years? The estimated cost of climate change itself to the Australian economy is predicted to be between 2-6% GDP. It is also in our interest to be part of international efforts to reduce emissions and to encourage other larger polluting countries to lower theirs.In this episode, we explore the opportunities available and what might be hindering more rapid progress from both the Government and private sector. Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

In this episode of talkBIG, Kasey Fox of Farrar Gesini Dunn busts family law myths stressing that pro-active protection better for all. Kasey has been a Family Lawyer for the past 16 years, and while she acknowledges she is not necessarily someone people want to find themselves needing, the reality is often a lot less daunting after starting those conversations. Join us as we talk prenups, postnups, your rights in a defacto relationship, what to do in a separation to avoid paying out in court and who keeps the family pet!#talkBIG #newpodcast #podcastforleaders #newpodcastalert #podcastinterview #spotifypodcast #podcasthosts #followalong #newepisodealert #FamilyLaw Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

If you're thinking of getting into Cryptocurrency, a great place to start is by knowing where to invest and avoiding the 'FOMOs', taking a common sense approach and to start following the exchange. In this talkBIG episode, David Elliott, of Agile Digital, talks everything you need to know to begin your crypto journey, including hardwear wallets, private keys, bitcoin security, data storage and what lies ahead! Will banks go the same way as the telephone booth?Crypto is a volatile asset class that experiences a lot of ups and downs so once you do take that your first steps, avoid reacting to the fluctuations and let the investment work for you long term. Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

In this episode, we talk getting over your financial hangover from Christmas and start off the new year with some new ideas and tips on how to improve your personal finances.Saving and putting money aside is a lot easier that making extra money but the key is finding something that suits you and something you can stick to long-term. If you don't want the hassle of tracking your spending in a budget there are simple, set and forget strategies to develop that nest egg for a rainy day or holiday. Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Advancements in tech often start with accounts payable, the biggest shift being the ability to totally illuminate data entry. We hear from Laurel Grey, National Manager of Digital Advisory at RSM, on how businesses can use RPA (Robotic Process Automation) to either achieve efficiencies in the back office (such as accounts payable) or on the sales side of the business, bringing in more opportunities for growth.  Business owners need not be weary of utilising RPA, you won't need to configure processes from scratch as best practice procedures are already incorporated in the solutions. Accessing the right technology for your business not only illuminates the need for a paper trail but can also identify all manual processes that can be reduced or removed all together. Thanks for listening! Visit the RSM Australia website to ask the hosts a question.