Learning how to interpret data properly can help make you wealthy! This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Dr Selena Fisk, author and data scientist, about how data & stats can help you better invest and achieve your financial objectives. In this episode we discuss: The challenge of using & understanding data The different types of data users How can we get better with numbers? What is confirmation bias? Listen on Apple Podcasts: https://apple.c...
Nov 15, 2022•22 min•Season 2Ep. 73
When can you retire and how much super will you need to live comfortably? This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Jeremy Lack, Financial Advisor at TelstraSuper, about retirement, Super, and the age pension. In this episode, we talk about: What is the retirement age? How much Super do you need to retire? Who can access the age pension? How to make the most of your Super Links: The Association of Superannuation Funds of Australia (ASFA) TelstraSuper Aust...
Nov 08, 2022•20 min•Season 2Ep. 72
It can be easy to simply sit back and let your superannuation accumulate in the background, but even a few small actions and a bit of extra know-how can make all the difference to your balance come retirement. This week on the Friends With Money podcast, host Tom Watson speaks with Money's Senior Journalist, Vita Palestrant, about the practical steps Australians from their 20s to their 60s and beyond can take to make the most of their super. They discuss: Why super matters The First Home Super S...
Nov 01, 2022•16 min•Season 2Ep. 71
While millions of Australians have started investing for the first time in recent years, getting to grips with the strategies and terminology involved isn’t always easy. On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Pearler Co-Founder Nick Nicolaides to break down some of the basic concepts of investing and talk about simplifying life as an investor. Why have so many people started investing? What are ETFs, and how to they differ from shares? How does automat...
Oct 25, 2022•21 min•Season 2Ep. 70
The second Federal Budget of 2022 is nearly upon us, but with inflation still climbing and economic uncertainty abounding, what can we expect when Treasurer Jim Chalmers delivers his first budget on October 25? That’s the topic of discussion between host Tom Watson and AMP’s Chief Economist, Dr Shane Oliver, on this week’s episode of the Friends With Money podcast. How is the economic landscape looking right now? What are we likely to see in the budget? Will there be any cost of living support m...
Oct 18, 2022•16 min•Season 2Ep. 69
Australians have well and truly indulged in their fair share of online shopping over the pandemic period, but what draws us to spend and why does it make us feel good? On this week’s episode of Friends With Money, Money’s Tom Watson is joined by financial therapist Jane Monica-Jones to discuss all things retail therapy. They explore: How long has retail therapy been around? What makes us want to indulge in it? Do you get a bigger rush if you spend more? Where is the line between spending as a ne...
Oct 11, 2022•15 min•Season 2Ep. 68
What kind of role does emotional intelligence play in our ability to make clear and beneficial financial decisions? That’s the question at the heart of this week’s episode of the Friends With Money podcast featuring Money’s Tom Watson and behavioural economist and psychologist, Phil Slade. They discuss: What is emotional intelligence? Can it help us make better financial decisions? Are people with higher emotional intelligence better with money? Why does delaying gratification matter? How can we...
Oct 04, 2022•23 min•Season 2Ep. 67
Love where you live, but can’t afford to buy there? It’s a conundrum for plenty of Australians, especially in desirable inner-city areas. One often-cited tactic though is rentvesting – i.e. investing in a property elsewhere so you can rent where you want. That’s the topic of discussion on this episode of Friends With Money for Money’s Tom Watson and this week’s guest, buyer’s agent and director of Aus Property Professionals, Lloyd Edge. What is rentvesting and what are the benefits? Have rate hi...
Sep 27, 2022•13 min•Season 2Ep. 66
How well do you know your spending habits? From grocery bills to petrol costs and regular visits to Bunnings, new data shows that the price of everything has gone up in the double-digits. One way to combat rising household expenses is to learn how to monitor them better. This week on the Friends with Money podcast, Money's Michelle Baltazar chats with Kris Davant, Head of Product at Frollo, an app that's designed to help people track their expenses wisely and save hundreds of dollars along the w...
Sep 20, 2022•20 min•Season 2Ep. 65
When it comes to money, the dynamic between parent and child can be quite tricky. Trying to balance conversations between generations regarding investments, wills, and retirement has the potential to create tension and hurt feelings. This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Marc Bineham, author, podcaster and money coach, about how to manage money as part of the sandwich generation. What is The Money Sandwich generation? Is it time for "the conversation"...
Sep 13, 2022•21 min•Season 2Ep. 64
While fluctuating equity markets and falling house prices will come as unwelcome news to many, the flipside is that there are plenty of opportunities for investors looking to grab a bargain. That’s the topic of discussion on this week’s episode of the Friends With Money podcast featuring host Tom Watson and Money's senior journalist Nicola Field. They talk about: Defensive and growth stocks The lure of fixed-interest funds Residential and commercial property options Ongoing interest in cryptocur...
Sep 06, 2022•13 min•Season 2Ep. 63
The household budget is under enormous pressure from runaway inflation and soaring costs, with some grocery prices rising 3 to 4 times higher than they were at the beginning of the year. Is there any relief in sight? This week on the Friends with Money podcast, Money's Michelle Baltazar speaks with Sean Smith, Managing Director and CEO of Frugl, an app that's designed to help you save money when shopping for groceries, and it's free! What is the consumer price index? How bad are things getting? ...
Aug 30, 2022•17 min•Season 2Ep. 62
Achieving financial independence is as easy as 1, 2, 3, 4. And you can achieve this on any budget! Sounds impossible? The 4 steps to financial freedom are this week's topic on the Friends with Money podcast featuring author and financial advisor, David Scollon, and your host, Money's Michelle Baltazar. What are the 4 steps? How can you build wealth on a low income? What's the most important step? It's all so complicated The Book: Mission: Possible #friendswithmoney #michellebaltazar #davidscollo...
Aug 23, 2022•22 min•Season 2Ep. 61
Getting back to basics sometimes is the best way to achieve your financial freedom. This week on the Friends with Money podcast, Money's Michelle Baltazar chats with economist, newspaper columnist and author, Jessica Irvine, about busting money myths and paving a clear path to a happier and wealthier you. Myth #1: Money is complex Myth #2: Some people are bad at money Myth #3: Spending money is bad Lightning round: how to slash your food bill #friendswithmoney #michellebaltazar #jessirvine #budg...
Aug 16, 2022•21 min•Season 2Ep. 60
While petrol prices and other transport costs are biting into household budgets, are there still opportunities for motorists and commuters to save? That’s the pressing question Money’s Tom Watson and NRMA spokesperson Peter Khoury get into on this week’s episode of Friends With Money. They discuss: The transport costs hitting Australians the hardest Why petrol prices have risen so high, and where they are now What’s going to happen to the 22c/litre fuel excise cut The explosion of potholes and t...
Aug 09, 2022•20 min•Season 2Ep. 59
How can we put our finances in a position to best withstand the current turbulence in the financial world? With living costs rising and equity markets bouncing up and down, that’s the big question host Tom Watson and journalist Annette Sampson delve into on this week’s episode of Friends With Money. In it they discuss: The importance of a budget and emergency fund Expenses people can cut back on to save Types of stocks investors might want to look at (and avoid) Managing volatility as a retiree ...
Aug 02, 2022•11 min•Season 2Ep. 58
Renting a property can be a long-term financial commitment, and quite often, you have to make the decision to rent with little to no information. Signing a lease, after only having a brief inspection of a property, can lead to months of frustration and distress. So how do you avoid the pitfalls of the rental market? This week on the Friends with Money podcast, Money's Michelle Baltazar chats with Ben Pretty, co-owner and founder of Rent Rabbit , a new online service that provides detailed inform...
Jul 26, 2022•19 min•Season 2Ep. 57
Water damage to your property can be draining, both financially and emotionally. The most important thing to do is to act immediately. This week on the Friends with Money podcast, Money's Michelle Baltazar chats with Tracie Ellis, the founder and CEO of Renovators Directory, about the steps you need to take to get things back to normal. They discuss: How to identify the issue What are the costs? Steps for a speedy insurance claim The dangers of DIY fixes Bonus: How to get rid of black mould on a...
Jul 24, 2022•23 min
Interest rates are getting higher and higher, so is now the time to think about switching your home loan? That’s the major question Money’s Tom Watson and Mozo spokesperson Claire Frawley talk through on this week’s episode of Friends With Money. They also discuss: How far rates have risen and whether they’ll go higher What an average mortgage rate looks like at present Other features worth looking out for when refinancing The borrowers who might be unable to refinance #friendswithmoney #refinan...
Jul 19, 2022•14 min•Season 2Ep. 56
The start of the 2022/23 financial year has brought with it a number of changes, including to superannuation. This week Money’s Tom Watson is joined by freelance journalist Andrew Main to unpack the July 1 changes. In the episode they discuss: The updated super guarantee rate New entitlements for low-income earners Changes for retirees and downsizers Tweaks to the First Home Super Saver Scheme #friendswithmoney #superannuation #super #tomwatson #andrewmain Listen on Apple Podcasts: https://apple...
Jul 12, 2022•18 min•Season 2Ep. 55
After relatively smooth sailing last year, global share markets have been knocked about in the first six months of 2022. To delve into what’s happening and why, Money's Tom Watson sat down with AMP’s Chief Economist and Head of Investment Strategy, Dr Shane Oliver. In this episode they discuss: Which markets and sectors have been hit the hardest The reasons behind the volatility The short-term outlook Tips for investors navigating this environment #friendswithmoney #tomwatson #shaneoliver #inves...
Jul 05, 2022•15 min•Season 2Ep. 54
Ever thought about taking the plunge and starting up a side hustle, or even your own small business? This week on the Friends with Money Podcast, Money’s Tom Watson is joined by author of The Joyful Startup Guide, Serina Bird, to delve into the practicalities of bringing a business idea to life. In the episode we discuss: The basics of setting up How to approach a name and branding Options for financing a business Establishing e-commerce Bouncing back from mistakes #friendswithmoney #tomwatson #...
Jun 28, 2022•31 min•Season 2Ep. 53
Is now the time to start buying shares or is the market too volatile? This week on the Friends With Money podcast, author Roger Kinsky chats with Money's Michelle Baltazar about his new book that explains how novice investors can get started buying shares for the first time. #friendswithmoney #startingwithshares #rogerkinsky Listen on Apple Podcasts: https://apple.co/3mV0Cbr Listen on Google Podcasts: https://bit.ly/3qGfsoL Listen on Spotify: https://spoti.fi/3fSPI2h Website: https://moneymag.co...
Jun 21, 2022•20 min•Season 2Ep. 52
The way people can talk about financial products online is changing thanks to a recent crackdown from ASIC. On this week’s episode of the Friends with Money Podcast, Money's Tom Watson sat down with podcaster and blogger, Dave Gow, to talk through the changes and the fallout. The two discussed: What action ASIC has taken and why it cracked down The impact on financial blogs and podcasts What this means for people seeking financial advice online in the long run #friendswithmoney #financialadvice ...
Jun 14, 2022•13 min•Season 2Ep. 51
With the end of the financial year drawing close, Money's Tom Watson talks with Mark Chapman from H&R Block about how individuals and small businesses can get organised ahead of tax time. In this episode we discuss: How you can prepare for your 2021-22 tax return Tips for maximising your refund Actions you can take to make the most of the new financial year #friendswithmoney #tax #eofy #tomwatson #markchapman Listen on Apple Podcasts: https://apple.co/3mV0Cbr Listen on Google Podcasts: https...
Jun 07, 2022•13 min•Season 2Ep. 50
We know that the property prices have gone on a wild ride over the past two years, but how have apartment prices fared compared to houses? Terry Ryder, Residential Property Expert at hotspotting.com.au, joins Money's Tom Watson to talk through the numbers. In the episode we also explore: Where are the hot markets for units? Are apartments just for younger Australians? Will there be any price correction? Are units a smart choice for property investors? What are the features investors should look ...
May 31, 2022•16 min•Season 2Ep. 49
Several more interest rate hikes are on the cards for this year and the added pressure on the hip pocket may send some into financial distress. This week on the Friends with Money Podcast, Money's Editor-in-Chief, Michelle Baltazar, speaks with Lending specialist Jack Talbot on how to survive the pending budget crunch. In this episode we discuss: Market reaction to the interest rate rise What will happen to the new homeowner? Is it all doom and gloom? What needs to change to help those in distre...
May 29, 2022•12 min
Are you paying too much for services and utilities? Is your budget stressing you out? If so, then it's time to life admin hack your life! This week on the Friends with money podcast, Life Admin Hacks Author and Podcaster, Mia Northrop, joins Money's Editor-in-Chief, Michelle Baltazar, to chat about the strategy of comparison shopping & reducing stress. What is the book about? Where can we save big? Make the keep me phone call! How do you reduce the mental load? Managing passwords Links: Life...
May 24, 2022•19 min•Season 2Ep. 48
After a forced hiatus on the concert circuit, getting back on the road is a sweet inspiration for this iconic superstar. This week on the Friends with Money podcast, Money's editor-in-chief Michelle Baltazar chats with singer-songwriter and self-made entrepreneur Kate Ceberano about surviving lockdown, the business of getting back on the road and how she manages her finances. COVID's impact on the entertainment industry Live streaming, friends and fitness with Kiara Painting, fans and NFTs Tax d...
May 17, 2022•29 min•Season 2Ep. 47
In this episode, author Stephen Hunt chats with Money's Editor-in-Chief, Michelle Baltazar, about how he turned a 100-dollar backyard bar into a 100 million dollar pub empire. We chat about - What are some of the key ingredients needed to build a business? How to speak lawyer What was your first investment? What's a pub fund? A bit of the Irish luck & being in the right room Dress for the job you want #friendswithmoney #stephenhunt #hotseat Listen on Apple Podcasts: https://apple.co/3mV0Cbr ...
May 10, 2022•20 min•Season 2Ep. 46
