Have trouble telling the difference between a credit score and a credit report? In this week’s episode of the Friends with Money podcast Money's Tom Watson is joined by credit reporting expert Geri Cremin to bust some myths about the world of credit. In today’s episode we get into: Why are credit reports and scores important? What does a good credit score look like? Who monitors your credit history? How do you check your own score and is it free? How can you improve your credit health and keep y...
May 03, 2022•14 min•Season 2Ep. 45
Becoming a lawyer is not an easy path to follow, but does being a migrant and a woman add to the complexity of getting to the bar? This week we continue with our career profile series as Money's Julia Newbould, chats with Barrister Carolina Soto about her journey to reach the bench. There's a difference between a Lawyer and a Barrister Seeking out mentors is key Was heavily pregnant when she wrote the final exam Wants to encourage more migrant women to join the bar and eventually become a judge ...
May 01, 2022•30 min
What's the best approach to get ahead in your job? This week Money's Julia Newbould speaks with a behavioural economic psychologist, Phil Slade, about the need to make the most out of your earning ability. What do you mean by being comfortable with being uncomfortable? We run away from discomfort The best outcome is tit-for-tat to gain cooperation We approach negotiation with scepticism You have to assume that people will be reasonable Keep the apes at bay #friendswithmoney #julianewbould #phils...
Apr 26, 2022•27 min•Season 2Ep. 44
Inheritance can be taxing. At this difficult time in your life, inheriting the family home, heirlooms, or investments can come with its own set of challenges. H&R Block's Mark Chapman joins Money's Julia Newbould to discuss what you need to be aware of if you are the beneficiary of a will. Does Australia have an inheritance tax? Do you have to pay tax if you inherit the family home? When it comes to CGT, what are the best choices when dealing with an inheritance of property? What is tax-exem...
Apr 19, 2022•12 min•Season 2Ep. 43
Getting the best broadband and mobile deal is easier than you think! This week the Managing editor of WhistleOut, Alex Choros, joins Money's Julia Newbould to explain how to save big on those phone and internet plans. In today's episode we discuss: Why would you change plans? How do you find the right plan and provider? If you change providers, do you keep your mobile number? How do you get out of a bad plan? Are family plans beneficial? Is 5G home broadband a better deal? Can you switch back if...
Apr 12, 2022•14 min•Season 2Ep. 42
In a tight spot and need money fast? Why not get a payday loan? This week on the Friends with Money podcast, Money's Julia Newbould, is joined by financial coach Karen Eley and mortgage broker Marissa Schulze, to discuss why accessing these simple and highly accessible lenders can lead to more debt than you can handle. We discuss: What are payday loans? Why are Aussies resorting to these types of loans? Can payday loans impact your credit score? What are the alternatives? #friendswithmoney #juli...
Apr 05, 2022•19 min•Season 2Ep. 41
Swapping super funds is easier than you think! This week Serina Bird, author and host of the podcast, The Joyful Frugalista, chats with Money's Julia Newbould about how easy it is to combine and change your super funds. She was forced to change funds but was still resisting and now wants to let everyone know how easy it is to switch. Chose an industry fund that had low fees Took less than 10 minutes to set up a new fund The time it takes for funds to release super into new accounts can vary You ...
Mar 29, 2022•15 min•Season 2Ep. 40
What does the 2022-23 Federal Budget have in store for us? On this bonus episode of the Friends with Money podcast Money's Tom Watson sat down with Mark Chapman from H&R Block to chat about some of the features that may emerge from this year’s budget. These include: Extending the low and middle income tax offset (LMITO) Continuing the temporary full expensing scheme for small businesses Changes to the fuel excise Introducing a one-off ‘cost of living’ payment #friendswithmoney #tomwatson #bu...
Mar 27, 2022•6 min
What is the great resignation and is it really happening now? This week Money's Julia Newbould talks with behavioural economist and psychologist, Phil Slade about this recent phenomenon and hears some tips for people who are thinking about leaving their current job. Everyone is re-evaluating what they want out of life Run to a job not from one Appreciate that the way that you leave a job is the way you start a new job #friendswithmoney #greatresignation Listen on Apple Podcasts: https://apple.co...
Mar 22, 2022•24 min•Season 2Ep. 39
With petrol prices above $2/litre and a bag of groceries costing more each day, what can you do to stay on top of your budget? A finance coach for 17 years shares how his clients are reassessing their savings plan. This week on the Friends With Money podcast, Money's Michelle Baltazar chats with Verante’s Liam Shorte about the pains of the rising cost of living. We discuss: Why retirees are holding off their travel plans this year; Why the Russia-Ukraine conflict will push food prices for many y...
Mar 20, 2022•12 min
Have you saved up enough money for retirement? What happens to your super if you decide to return to the workforce? This week Money's Managing Editor, Julia Newbould, speaks with Money's Senior Journalist, Vita Palestrant, about superannuation and the complexities of returning to work after retiring. Why would you consider unretiring? Are most people prepared for retiring, both mentally and financially? Is it important to speak with a financial planner regarding your retirement? Is there a need ...
Mar 15, 2022•14 min•Season 2Ep. 38
This week on the Friends With Money podcast, Money's Julia Newbould chats with Aware Super's CEO, Deanne Stewart, about the inequities that still exist between genders in the workplace. From lower pay to superannuation discrepancies, just how far have we come in closing the gap? We discuss - What does IWD 2022 mean? Have you had to work harder, as a woman, to achieve your successes? Has there been a positive change in gender balance over the past few years? What lessons have we learned? Are wome...
Mar 08, 2022•19 min•Season 2Ep. 37
What women need to know about money Tuesday, March 8th, is International Women's Day. In 2020, are women still behind their male counterparts when it comes to financial planning and investments? This week, Money's senior journalist, Nicola Field, and financial adviser, Anne Graham, join Money's, Julia Newbould, to discuss the question: When it comes to financial matters, are women left behind when it comes to income, superannuation, and confidence in investing? We discuss - Why focus on women an...
Mar 01, 2022•17 min•Season 2Ep. 36
Ensuring you are making the most of your investment property. What are some of the tax breaks you can bank on when renting your investment property? This week, Mark Chapman from H&R Block joins Money's Julia Newbould to discuss the rules, advantages, and disadvantages of renting your property. We look at the 6-year rule and discuss any COVID exemptions. We also talk about Negative gearing your mortgage Tax implications of gearing And are the tax rules different if you are living overseas? #f...
Feb 22, 2022•12 min•Season 2Ep. 35
This week on Friends With Money, we debunk the myths surrounding ESG and get to the heart of whether or not investing in an environmental, socially responsible, and good governance portfolio is worth your time and money. Money's managing editor, Julia Newbould, is joined by Fidelity's director of sustainable investing, Daniela Jaramillo, to discuss this widely misunderstood method of investing. We discuss - what It is? Is it a worthwhile investment strategy? How can you compare funds and what ar...
Feb 15, 2022•18 min•Season 2Ep. 34
Want to create a healthier and stronger relationship this Valentine's Day? if so, you should go on a money date. This week financial coach, Karen Eley, joins Money's managing editor, Julia Newbould, to discuss how money dates can put the spice back into your relationship. We discuss: are money dates important to your relationship? Is money coaching a good way to reduce financial stress? and what money strategies can couples adopt? #friendswithmoney #julianewbould #moneydates #kareneley Listen on...
Feb 08, 2022•22 min•Season 2Ep. 33
Maths whiz, raconteur, tv personality and author Adam Spencer has just released a new book, Maths 101, to support primary school students and help their parents understand the maths that is required in schools today. The idea for this book came from a friend who'd locked himself in the bathroom and called Adam after his seven-year-old son asked him why 1 wasn't a prime number. Spencer tells us that it’s not the maths that has changed over the years, it’s just the approach. However, he admits tha...
Feb 01, 2022•27 min•Season 2Ep. 32
What does 2022 hold for you? This week Money magazine's managing editor Julia Newbould is joined by the Rainmaker head of research, Alex Dunnin, and Financial Standard senior journalist, Karren Vergara, as they speculate the potential gains and losses of the year ahead. We cover what might happen to super, concerns around market volatility, investing in a low-interest-rate environment and we also talk about: supply chain issues property prices young people and superannuation #friendswithmoney #j...
Jan 25, 2022•25 min•Season 2Ep. 31
Sending kids back to school can be very expensive. This week Serina Bird, author and host of the podcast, The Joyful Frugalista, chats with Money managing editor Julia Newbould about how parents can save money when preparing to send their kids back to school. This includes preparing in the year prior, not always buying the recommended school stationery packs and keeping abreast of January sales. Plus, Serina shares her tips for getting everything you need despite supply chain issues. The podcast...
Jan 18, 2022•18 min•Season 2Ep. 30
Tracksuit wearing Sydney-based comedian Daniel Muggleton says when it comes to investing, he’s the drunk heckler yelling at the stockmarket. Here he talks to Money managing editor Julia Newbould on the Friends with Money podcast about his best investment - an original vintage of Penfold’s Grange 1951 made on his behalf by his dad and his worst investment decision of pursuing a career in the arts. He also confesses to having to work hard during the pandemic to perform comedy online as he found th...
Jan 11, 2022•23 min•Season 2Ep. 29
Australian journalist, actor, writer, Adam Zwar, tells us about his love of cricket, real estate, and lost cats. On the release of his new book Twelve Summers which talks about his 12 formative summer , the milestones, and unforgettable moments linked to the game he loves, Zwar spoke to Money’s managing editor Julia Newbould on the Friends with Money podcast and covered topics from how it all started with eating honey, to the Ashes and to his worst investment in short films. He once worked as an...
Jan 04, 2022•20 min•Season 2Ep. 28
Covid-19 has changed our spending behaviours – we moved from cash to cards and quickly to mobile payments. Arun Devidas, the head of card issuing and acquiring at Bendigo Bank, joins Money managing editor Julia Newbould on the Friends With Money podcast, to talk about what mobile wallets are, the growth of mobile payments and their advantages over credit cards. Plus, find out how can you prevent your children racking up big credit bills behind your back. They also discuss: Why mobile wallet take...
Dec 21, 2021•14 min•Season 1Ep. 27
A last will and testament is probably something that most of us would rather avoid thinking about, but it could be one of the most important documents you'll ever have to complete. So how many of us actually have a valid will, and why is it so important to have one in place despite your age and earthly possessions? In this episode of Friends With Money, managing editor Julia Newbould is joined by Peter Bobbin, principal lawyer at Coleman Greig Lawyers, to talk about wills, why they are important...
Dec 15, 2021•32 min•Season 1Ep. 26
After a challenging year that tested most investment strategies in the superannuation sector, UniSuper has been awarded Best Super Fund and won top honours in four other categories in Money Magazine's 2022 Best of the Best awards. It’s been a big year for the $100 billion fund. Earlier in the year it opened its doors to the general public and it continues to build on its offerings for all Australians. In this episode of Friends With Money, managing editor Julia Newbould is joined by UniSuper chi...
Dec 08, 2021•18 min•Season 1Ep. 25
Henry Pinto and Cade Franklin were the first-ever winners of Lego Masters Australia, a series watched by more than two million Australians. The pair had not met until they started filming the series but have since become close friends. Prior to the show, lifelong Lego fan and video game designer Cade worked with a friend to build the largest Lego caravan for the Guinness Book of Records. Henry loved Lego as a child and was drawn back into it by his kids. He recently renovated his house to includ...
Dec 01, 2021•23 min•Season 1Ep. 24
He's an Aussie icon and household name, not only because of his success as a businessman, but for his amazing aviation adventures and unwavering positivity for the country he loves. So where did it all begin and what still motivates someone like Dick Smith? Recently, managing editor Julia Newbould caught up with Dick to see how he built his empire, hear about his philosophy on money, and how he wisely spent his time during COVID-19 lockdown to finish his new book, My Adventurous Life . For more ...
Nov 24, 2021•21 min•Season 1Ep. 23
As an individual buyer, outright property ownership is relatively straightforward. The title is in your name, any mortgage is in your name, and it's your asset alone. But when you buy property with others you have a choice in ownership structure - joint tenancy or tenants in common. Depending on your personal situation there are pros and cons for each, as well as implications for estate planning and unexpected situations such as divorce. In this episode of the Friends With Money podcast, managin...
Nov 17, 2021•18 min•Season 1Ep. 22
As the world emerges from the pandemic, a challenging economic headache remains with broader implications for Aussie businesses and consumers. Global supply chains are in crisis with energy shortages, shipping congestion and a lack of semi-conductors, among other things, set to derail economic recovery and add to inflationary pressures. To find out what the ripple effect could be for Australia, senior journalist David Thornton caught up with Sam Macpherson, head of treasury at Earlytrade - Austr...
Nov 10, 2021•22 min•Season 1Ep. 21
The property market has boomed, interest rates have fallen, and more Aussies have started investing in shares since Money magazine first hit newsstands more than 20 years ago. To mark the 250th issue of Money, out now, we sat down with someone who was there at the very beginning. Founder and editorial advisor Paul Clitheroe says that the core mission of the magazine hasn’t changed. “The fundamental premise is decent common-sense advice, avoid scams, and make better decisions… no promises of gett...
Nov 03, 2021•16 min•Season 1Ep. 20
So you now have the option of stapling when it comes to your super fund, but what doe it actually mean? Superannuation has undergone a raft of changes this year in a move to make the industry more transparent and accountable to members. These reforms, known as as Your Future, Your Super, include ‘stapling’ which will see people taking their main super fund from employer to employer when they change jobs. A new annual performance test will call out underperforming funds, which will have to improv...
Oct 27, 2021•19 min•Season 1Ep. 19
