Money Over 50 Podcast

339 When can you access your super? - AUDIO FIXED

Mon, 15 Apr 2024 00:09:05 +0000

During your working life, your superannuation fund has been growing and growing thanks to contributions from your employer and hopefully yourself. This money sits there for decades, slowly accumulating for you without being touched. But when can you actually access this hard-earned cash? There are three main conditions of release when it comes to your super. In this episode, Ali explains what these conditions are, and what you need to do to meet them. For more information, please visit www.mo50.com.au

338 You can't have everything! Be realistic with your goals - AUDIO FIXED

Mon, 15 Apr 2024 00:07:50 +0000

You can’t have everything! Be realistic with your goals Do you ever feel like you’re trying to do a thousand things at once, and not really doing any of them well? Ali knows the feeling. Life is busy, but the more we try to do everything, the less we do them well. Sometimes we need to take a step back and think about what it is that matters to us the most. In this episode Ali gets personal about what’s important to him, and how you can, too – in order to achieve your financial goals. For more information, please visit www.mo50.com.au

337 Get more money into Australia's best tax shelter – contribution cap increases

Sun, 24 Mar 2024 19:00:00 +0000

Did you know that on the 1st of July 2024, you’ll be able to contribute more into your superannuation and take advantage of Australia’s best ‘tax shelter’? The reason for that is that superannuation contribution caps are increasing on the first day of the new financial year. In this episode, Michael and Ali discuss the contribution caps and exactly how much they are increasing by, and how you can take advantage of this year’s as well as future years’ contribution caps. For more information, please visit www.mo50.com.au

336 How to choose a financial adviser that is right for you

Sun, 17 Mar 2024 21:43:46 +0000

For many people, getting their finances on track is high on the priority list. And to do that, they realise they need professional help. But how do you know which financial adviser is right for you? In this episode, Ali discusses what you need to consider and what you need to be aware of before selecting a financial adviser. For more information, please visit ww.mo50.com.au

335 The Silent Killer - The effects of inflation and purchasing power

Sun, 10 Mar 2024 19:00:00 +0000

If you held an investment for 15 years, would you prefer it to make nominal returns of 12.5% per annum, or 20.3% per annum? The answer may seem simple, but is a lot more complex than most people realise. In this episode, Ali and Michael discuss the ‘silent killer’ also known as inflation, and how it affects your investments and purchasing power. For more information, please visit www.mo50.com.au

334 Downsizer contributions - tips, tricks & benefits

Sun, 03 Mar 2024 19:00:00 +0000

Alice, a regular listener, asks a question about what would happen if her and her partner were to sell their primary place of residence (PPR) and use the downsizer contribution to add $300,000 super. In this episode, Michael and Ali discuss Alice's question, and downsizer contributions. They discuss what a downsizer contribution is, its eligibility requirements, some advantages (such as boosting your super without affecting your contribution limits!), and other important things to know about making downsizer contributions. For more information, please visit www.mo50.com.au

333 Are there ways to pay 0% tax besides an account-based pension?

Mon, 26 Feb 2024 23:56:09 +0000

Sue, a regular listener, asks a question about her husband’s 0% taxed super income stream and how they could make the most out of this money. She would like to know what investments, if any, she can make to increase their financial position. In this episode, Ali and Michael discuss Sue’s question and what would happen if her husband were to return to part-time work after retiring. For more information, please visit www.mo50.com.au

332 Your $3.8 million tax-free trust

Sun, 18 Feb 2024 22:22:10 +0000

When you retire, your superannuation balance can become a 0% taxed super income stream. This is essentially the same as a tax-free trust fund. Australia has one of the highest income tax rates in the world; however, it is also one of the most generous when it comes to your retirement. In this episode, Michael and Ali discuss your super income stream, and the eligibility criteria you need to meet in order to receive it! For more information, please visit www.mo50.com.au

331 We're Back! Concessionals & Carry-forwards

Mon, 12 Feb 2024 01:49:58 +0000

It's February 2024 and Michael & Ali are back with new Money Over 50 Podcast episodes! In this episode, Michael & Ali unpack a recent question they received from podcast listeners Paul and Renae. They discuss the yearly concessional contributions cap, the difference between concessional contributions and non-concessional contributions, and what carry-forward opportunities mean for you. Click here to watch Ali explain Carry-forward concessional contributions, as discussed in this podcast episode.: https://www.loom.com/share/661527d6dbf64b798764e83320747587?sid=151f511a-7c15-4cac-9907-70253d52cd0b This example has been provided for general explanatory purposes only and is factual information. For more information, please visit www.mo50.com.au

330 4 ideas on what to do when you don’t have enough to retire on

Sun, 01 Oct 2023 19:00:00 +0000

In this episode, Ali discusses 4 potential options for a new retiree who doesn't have enough to retire on (Centrelink Age Pension, adjust lifestyle, downsizing your home, and semi-retirement). People may also find other options out there, or may even use a combination of these to achieve their retirement goals. For more information, please visit www.mo50.com.au

328 ”I’m a pensioner now” - Beware the power of self-identity

Sun, 17 Sep 2023 19:00:00 +0000

Do you see yourself as a retiree, or a pensioner? Turns out, there’s quite a difference! Self-talk and self-identity are more important than you may realise. In this episode, Dallas and Ali discuss the implications of how you may see yourself at different ages, and what this means for your finances. For more information, please visit www.mo50.com.au

326 Say your fears out loud to take their power away

Sun, 03 Sep 2023 19:00:00 +0000

What are you afraid of when it comes to money and security? And have you discussed this with anyone, or really taken the time to sit down and think about it carefully? In this episode, Ali and Dallas discuss how and when to say your fears out loud, and what it means for your wealth and financial planning. For more information, please visit www.mo50.com.au

325 You don’t need to go to the other side of the world to enjoy retirement

Mon, 28 Aug 2023 02:03:03 +0000

In this episode, Ali explains his thoughts regarding travel after coming back home from a trip in Europe. He explains that even though he did enjoy his travels, he's gained a much larger appreciation for home and believes that finding enjoyment in the small things can be a lot more rewarding in life. For more information, please visit www.mo50.com.au

324 Listener Favourite: Knowing you don’t need to work makes work better

Sun, 20 Aug 2023 19:00:00 +0000

This is a repeat of Listener Favourite: 275 Knowing you don't need to work makes work better Sometimes, you need to put your happiness before your job. Easier said than done, right? But if you’re close to retirement and you’re extremely unhappy in your job, perhaps it’s time to let it go. But how do you make that call, and how do you know if you’ll have enough money to retire with? In this episode, Dallas and Michael discuss why money isn’t everything (yes, they are still financial advisers!), why it’s okay to give yourself a break, and how to navigate big decisions about work and retirement. For more information, please visit www.mo50.com.au

323 Listener Favourite: You can compare things but you can’t compare experiences

Mon, 14 Aug 2023 02:46:00 +0000

This is a repeat of our recent Listener Favourite Episode: 303 You can compare things but you can't compare experiences It is human nature to compare ourselves to others. In fact, we compare everything – material possessions, the size of our homes. Experiences, however, are harder to compare, but often bring us more joy. In this episode, Michael and Dallas discuss what studies have already shown us: that spending money on experiences is better than spending money on material possessions; and why it is good for us financially, too. For more information, please visit www.mo50.com.au

322 Listener Favourite: Why my kids won’t get an inheritance

Sun, 06 Aug 2023 19:00:00 +0000

This is a repeat of Listener Favourite: Episode 247 Why my kids won't get an inheritance Dallas discusses with Michael his thoughts on the planning of providing an inheritance to children. There is no right or wrong answer on whether you should leave an inheritance, however, there are a few things to take into account when planning for this. For more information, please visit www.mo50.com.au

321 Listener Favourite: A moral guide to minimising taxes

Sun, 30 Jul 2023 19:00:00 +0000

This is a repeat of our Listener Favourite episode 271 A moral guide to minimising taxation Tax evasion or tax minimisation – what’s the difference? According to Kerry Packer’s famous speech during a parliamentary hearing, a lot. And if you’re not trying to minimise your tax, there might even be something wrong with you, according to Packer. In this episode Michael and Dallas discuss the difference between the two, and why you should be trying to do one of them (hint: it’s not the illegal one). For more information, please visit www.mo50.com.au

320 Listener Favourite: When to take advice

Sun, 23 Jul 2023 19:00:00 +0000

This is a repeat of listener favourite episode 297 When to take advice. Do you like taking advice from other people? Or do you listen half-heartedly before doing the exact opposite of what they have suggested? In this episode, Michael and Dallas delve into when, and from whom, you should take advice – and why an ‘expert in all areas’ is really an expert in no areas. For more information, please visit www.mo50.com.au

319 Listener Favourite: 3 simple things (in retirement planning)

Sun, 16 Jul 2023 19:00:00 +0000

This is a repeat of Listener Favourite of episode 218 3 simple things (in retirement planning). In this episode (from all the way back in 2021), Michael and Dallas sat down and discussed how simple it can be to get ahead financially, but also how hard it can be to not make an error through panic. Michael uses a real-life example of investing at the worst possible point in time (i.e. right before the Global Financial Crisis), explaining how keeping to the plan and not panicking creates a positive outcome. For more information, please visit www.mo50.com.au

318 Listener Favourite: The best way to avoid panicking in a downturn is not to panic

Sun, 09 Jul 2023 19:00:00 +0000

This is a repeat of episode 248 The best way to avoid panicking in a downturn is not to panic! One of the quickest ways to derail your retirement or investment plans is to PANIC! It might be hard not to react, but panicking at the sight of downturns can undo all of your hard work. For more information, please visit www.mo50.com.au

317 Listener Favourite: Fridges with ice makers

Sun, 02 Jul 2023 19:00:00 +0000

This is a repeat of Listener Favourite: Fridges with ice makers Bringing you another Listener Favourite this week - Fridges with ice makers! When you were a kid, do you remember visiting friends’ fancy houses and comparing them to your own? For Dallas, the epitome of a fancy house was one that had an ice maker. If one of his friends had a house that featured one of these, in his eyes, they had really “made it” in life. As an adult, Dallas is now contemplating becoming one of these people. Yes, he wants a fridge with an ice maker, because – well, they’re pretty cool. So should he spend the money on it, and when? And is it really worthwhile? This episode is not about fancy fridges or rich friends – it’s about making thoughtful financial decisions. Dallas and Michael discuss what and when to spend your money on (and when to hold onto it, instead). Spoiler alert: when it comes to your money, financial advisers are not always as frugal as you may think! For more information, please visit www.mo50.com.au

316 Listener Favourite: Why a residential investment property is the worst asset to own in retirement

Sun, 25 Jun 2023 19:00:00 +0000

This listener favourite episode is all the way back from April 2020; but is still relevant today! In this episode, Dallas and Michael discuss owning residential property in retirement, and highlight the many negatives that come with owning this type of asset. For more information, please visit www.mo50.com.au

315 A tale of two horses - Don’t be fooled by low to no volatility if you can’t reach your goals

Sun, 18 Jun 2023 19:00:00 +0000

Whether or not you are a fan of horses, this tale about our equine friends will have you thinking about your money in a different way. In this episode, Dallas and Ali discuss Red Boom and Sky High, two horses that have very different strengths. How we compare them depends on what metric we use, as with our cash and investments. So how does your money metric compare? Giddy up – let’s find out! For more information, please visit www.mo50.com.au

314 Contributions age limit – when you are too old to contribute to your super

Sun, 11 Jun 2023 19:00:00 +0000

Did you know that there is a maximum age limit for making personal contributions to your superannuation fund? That age is 75, but there’s a twist to this rule. In this episode, Dallas and Ali discuss the twist, and exactly how late you can contribute to your super fund (to the day!). So if you’re in your 70s (or not far off!), this podcast is for you. For more information, please visit www.mo50.com.au

313 Carry-forward contributions – increase your tax return and boost your retirement savings

Sun, 04 Jun 2023 19:00:00 +0000

July 1st, 2024 is just over a year away, and it’s an important date for the financially savvy. In this episode, Dallas and Ali discuss the yearly concessional contributions cap and what the carry forward opportunities mean for you. Making the most of this opportunity doesn’t just boost your tax savings; it also increases your retirement savings, too. For more information, please visit www.mo50.com.au

312 Stage 3 tax cuts - Don’t lose your opportunity to claim a larger tax return

Sun, 28 May 2023 19:00:00 +0000

You may or may not have heard that from 1 July 2024, there are going to be tax cuts. What does that mean? How does that affect you? And most importantly, is there anything you can be taking advantage of before the changes? In this episode, Dallas and Ali sit down and discuss these questions, and give an example on how the current tax brackets can be used to increase your tax return. For more information, please visit www.mo50.com.au

311 Listener Favourite: Why should it be easy?

Sun, 21 May 2023 19:00:00 +0000

This is a repeat of one of our listener favourites. If you wanted to lose weight, would you sit on the couch eating donuts, or have a salad and do some exercise? The answer is simple, yet many people don’t achieve their goals. Often, we want things to happen right away. This is instant gratification. And like losing weight, saving money and preparing for retirement is a long game. In this episode, Dallas and Michael discuss the difficulties of investing in the long term – and why some people succeed while others don’t. For more information, please visit www.mo50.com.au

310 Listener Favourite: If something cannot go on forever, it will stop

Sun, 14 May 2023 19:00:00 +0000

This is a repeat of one of our listener favourites In our industry, it is common to see investors become fearful that bad times will last forever. There will always be forces at play that will work against this. Things will never get as bad you think they will, and if they do, there's nothing we can do about it. For more information, please visit www.mo50.com.au

309 Listener Favourite: Don’t Listen to Jerry Seinfeld

Sun, 07 May 2023 19:00:00 +0000

This is a replay of one of our favourite episodes. Jerry Seinfeld is a hero when it comes to comedy. In our eyes, he can do no wrong! But when it comes to stocks, his strategy on the show is slightly more like gambling than investing … In this episode, Dallas and Michael discuss how you can be smarter than Jerry when you invest, and why a diversified portfolio is less volatile than a term deposit. For more information, please visit www.mo50.com.au

308 You will either die early or you won’t

Sun, 30 Apr 2023 19:00:00 +0000

What do you consider to be the worst-case scenario when it comes to your retirement? Running out of money? Outliving your partner? Whatever fears people may have, many don’t tend to think they will live long enough to see their 80s or 90s, anyway. But the fact is, it’s very common for at least one person in a couple to live for 30 years or more after they’ve retired. In this episode, Dallas and Ali discuss the implications of this phase of their clients’ lives. For more information, please visit www.mo50.com.au

307 Only one member of a couple should have a new car

Sun, 23 Apr 2023 19:00:00 +0000

If your partner or spouse decided to go and buy a new car for themselves, how would you feel? Would you want to upgrade your own vehicle, too? In this episode, Dallas and Ali discuss why only one member of a couple should get a new car at any one time, and how this impacts their savings. For more information, please visit www.mo50.com.au

306 Consistency and compounding

Sun, 16 Apr 2023 19:00:00 +0000

People often underestimate the power of compounding. Coupled with consistency, it’s how some people build a healthy retirement fund. It’s not that they’re just ‘good with money’ or that they have a higher income than most – rather, it’s a combination of consistency and compounding when it comes to their financial decisions. In this episode, Dallas and Ali discuss how and why this is the case (and why Ali could’ve been a professional Muay Thai boxer in another life!) For more information, please visit www.mo50.com.au

305 Buying a house won’t make you happy

Sun, 09 Apr 2023 19:00:00 +0000

Buying a house is something that many people see as a milestone; something to aspire to. A place to call home and provide you with security. But once you’ve done the hard yards, bought the house and moved in, will you really be as happy as you anticipated? In this episode, Dallas and Ali discuss a recent property purchase by a Money Over 50 financial adviser, and how it really made him and his wife feel. For more information, please visit www.mo50.com.au

304 With structure comes freedom

Sun, 02 Apr 2023 19:00:00 +0000

How does a $9,000-tax return sound? Getting a lump sum of money at the end of the financial year can come in handy for those large, unexpected expenses you haven’t accounted for. In this episode, Dallas and Michael discuss how you can leverage your concessional contribution cap to get a significant tax return and pay less income tax, and how to set up your bank accounts with the most effective structure. For more information, please visit www.mo50.com.au

303 You can compare things but you can’t compare experiences

Sun, 26 Mar 2023 19:00:00 +0000

It is human nature to compare ourselves to others. In fact, we compare everything – material possessions, the size of our homes. Experiences, however, are harder to compare, but often bring us more joy. In this episode, Michael and Dallas discuss what studies have already shown us: that spending money on experiences is better than spending money on material possessions; and why it is good for us financially, too. For more information, please visit www.mo50.com.au

302 You want volatility!

Sun, 19 Mar 2023 19:00:00 +0000

Fact: volatility is something we should all WANT to have! Only high volatility brings high returns – without it, we are virtually guaranteed very low returns on our hard-earned money. In this episode, Michael and Dallas discuss returns from the sharemarket versus returns from term deposits and junk bonds, and why some dodgy companies will try to tell you that you can have high returns without volatility. For more information, visit www.mo50.com.au

301 Moving into cash can cost your kids instead of you

Sun, 12 Mar 2023 19:00:00 +0000

If you’re about to retire, you might feel pressure to be more conservative in your investments. One way to do this is to move your money from super to cash. This is not always a good thing, though – especially if you have kids. In this episode, Dallas and Ali discuss the ‘buffer’ of money you should have in your retirement and why moving everything into a term deposit won’t serve you well in your golden years. For more information, please visit www.mo50.com.au

300 5 things to be aware of if your spouse is a different age

Sun, 05 Mar 2023 19:00:00 +0000

If there is a significant age gap between you and your partner (five or more years), there are 5 things you need to be aware of that will affect your retirement planning and finances. In this episode, Dallas and Ali discuss Centrelink, account-based pensions and your super, and how to ensure that you are getting the most out of your money. For more information, please visit www.mo50.com.au

299 Pain from losing money is twice as strong compared to the joy felt from gaining money

Sun, 26 Feb 2023 19:45:00 +0000

It never feels good to lose something important in our lives. This is certainly true when it comes to our money – we don’t want to see its value going down, and yet it’s unavoidable due to volatility when it comes to investments.

In this episode, Dallas and Ali discuss our perceptions of losing money, how loss aversion affects us and what you can do about it so that you don’t make any hasty financial decisions.

For more information, please visit www.mo50.com.au

298 Be wary of living out of your home loan

Sun, 19 Feb 2023 19:00:00 +0000

If you have a home loan and can draw from it, that’s a good thing, right? Not necessarily. While having your income be paid directly into your loan account can reduce your interest, the negatives of doing this well and truly outweigh the positives.

In this episode, Michael and Dallas discuss what the negatives are, and why you are better off having your salary paid into your bank account, instead.

For more information, please visit www.mo50.com.au

297 When to take advice

Sat, 11 Feb 2023 19:00:00 +0000

Do you like taking advice from other people? Or do you listen half-heartedly before doing the exact opposite of what they have suggested?

In this episode, Michael and Dallas delve into when, and from whom, you should take advice – and why an ‘expert in all areas’ is really an expert in no areas.

For more information, please visit www.mo50.com.au

296 Warren Buffett says you can just own three companies

Sat, 04 Feb 2023 19:00:00 +0000

Warren Buffett, well-known investor of over 70 years, has said that to invest successfully you only need to own three companies.

In this episode, Michael and Dallas argue against this statement and why this strategy won’t work for everybody. They also discuss the role of hindsight when it comes to investment success.

For more information, please visit www.mo50.com.au

295 The green and red numbers

Sat, 28 Jan 2023 19:00:00 +0000

We can get caught up in a million different things when it comes to retirement planning, when there are only two numbers that actually matter.

In this episode, Michael and Dallas discuss what they like to call the red numbers and the green numbers, and why they are the most important numbers once you have retired.

For more information, please visit www.mo50.com.au

294 High water marks are dangerous

Sat, 21 Jan 2023 19:00:00 +0000

Over the last decade, we've come to realise that people who check their super balance frequently are also the ones prone to panic when it comes to market volatility. So how can you avoid this?

In this episode, Dallas and Michael discuss how often you should check your balance, and why setting the bar at the highest mark is not a good idea.

For more information, please visit www.mo50.com.au

293 Building the Lego Titanic

Sat, 14 Jan 2023 19:00:00 +0000

Have you ever embarked on building a 9,000+ piece Lego display? This is Michael’s current project with his young son, Richie: building a giant model of the Titanic. For Michael, instead of ripping his hair out, there’s only one way to build the ship – brick by (Lego) brick.

If you want to improve your financial standing, you can apply the same philosophy – take small steps, one at a time. In this episode, Michael and Dallas discuss what those initial small steps should be.

For more information, please visit www.mo50.com.au

292 33 Years of retirement

Sat, 07 Jan 2023 19:00:00 +0000

What do you see yourself doing when you retire? Going on holidays? Fishing? Taking mid-afternoon naps on the couch? All of those things sound amazing, but could you do them for 33 years straight?

In this episode, Dallas and Michael will get you thinking about the many years of retirement that we are lucky to get these days.

For more information, please visit www.mo50.com.au

291 You’re not going to be dead by 80

Sat, 31 Dec 2022 19:00:00 +0000

Have you ever thought about when you’re going to die? It’s probably not something most of us think about often. Yet when we have meetings with clients, many are quick to tell us they’ll be dead by 80. The statement can lead to some awkward laughter; however, the reality of how long you’re likely to actually live and how much money you’ll need might seem more grim than the thought of dying before 80. There’s nothing grim about this episode, though – listen to Dallas and Michael discuss how life expectancy affects retirement.

For more information, please visit www.mo50.com.au

290 Why diversify

Sat, 24 Dec 2022 19:00:00 +0000

Are your investments diversified? Isn’t it better to invest in big companies like Amazon and Netflix instead of just the top 500 companies of Australia or the world? In short, no.

In this episode, Michael and Dallas discuss why diversifying your portfolio is healthy, and whether or not you should diversify across asset classes, too.

For more information, please visit www.mo50.com.au

289 Should I have bought $160 pyjamas?

Sat, 17 Dec 2022 19:00:00 +0000

How much would you spend on a pair of pyjamas?

In this episode, Dallas confesses to Michael a moral dilemma about buying himself a lavish new pair of pyjamas, and whether the comfort they provide him in bed make up for the uncomfortable feeling of parting with his hard-earned cash.

For more information, please visit www.mo50.com.au

288 Rationality under uncertainty

Sat, 10 Dec 2022 19:00:00 +0000

From the Russian invasion of Ukraine, to the ongoing Covid-19 pandemic, to the steep spike in inflation – these are uncertain times. But then, are times ever certain?

In this episode, Dallas and Michael discuss the difference between looking at headlines and looking at history, and how it impacts your financial decisions.

For more information, please visit www.mo50.com.au

287 How cash in the bank can change behaviour

Sat, 03 Dec 2022 19:00:00 +0000

How does your cash dictate your behaviour? What is the amount that you are not willing to go under when it comes to your bank balance? Is it $100 or $100,000?

Michael and Dallas discuss why knowing this very specific number is important, and how it can change your financial outlook and behaviour.

For more information, please visit www.mo50.com.au

286 All the interesting discussions are about trade-offs

Sun, 27 Nov 2022 19:00:00 +0000

Michael and Dallas spend a lot of time discussing a variety of topics, not just in this podcast, but with (and for) their clients, too.

In this episode, find out why discussions about trade-offs are the most intriguing to our financial experts, as well as to our clients!

For more information, please visit www.mo50.com.au

285 You can’t get money if you secretly despise it

Sun, 20 Nov 2022 19:00:00 +0000

Have you ever met a millionaire? If so, what were your perceptions? Were they nice? Do you think they ripped people off to get to the position they’re in now?

In this episode, Michael and Dallas discuss perceptions of money and millionaires, and how to respond when you get asked to attend the lavish wedding of your second cousin’s daughter’s wedding in Fiji (unless you have unlimited time and money, in which case you should probably go!).

For more information, please visit www.mo50.com.au

284 Stop neglecting yourself!

Sun, 13 Nov 2022 19:00:00 +0000

Are you neglecting yourself lately? Maybe it’s time to stop. We’re not talking about self-care – facials, massages, holidays … although if that’s your thing, nobody is going to stop you. We’re talking specifically about giving money to adult children, and how it may be impacting you negatively if you choose to do this.

In this episode, Michael and Dallas discuss clients who give money (or food, or rent) to their adult children, and why this might not be such a good idea.

For more information, please visit www.mo50.com.au

283 Do you have any idea how long shares have been around for?

Sun, 06 Nov 2022 19:00:00 +0000

Aren’t shares risky? What if my money disappears? What if markets crash or companies go bankrupt?

These are some of the questions we get from clients, listeners, friends and family. Today’s episode is dedicated to the sharemarket, and Michael and Dallas ask: Do you have any idea how long shares have been around for?

Tune in to find out, and to learn about the first-ever publicly listed company.

For more information, please visit www.mo50.com.au

282 Why companies share prices keep growing

Sun, 30 Oct 2022 19:00:00 +0000

Did you know that in 1925, Woolworths had just five supermarkets? Fast forward almost 100 years and they have over a thousand. Because of this, the price of their shares has gone up. But company expansion isn’t the only reason for increasing share prices. There are four reasons why share prices are always increasing.

In this episode, Michael and Dallas discuss what the four reasons are, and how they impact investors.

For more information, please visit www.mo50.com.au

281 The Simple Things

Thu, 27 Oct 2022 05:39:22 +0000

Imagine you’re being chauffeured across the French countryside, and you’re biting into a freshly baked, crusty white baguette. Now add some Brie cheese … and pair it with a glass of local wine – the type that makes you want to swirl your glass around and breathe in deeply. Are your eyes closed in pure joy yet?

We love the way that a lot of French people live their lives, enjoying the simple things and not focusing solely on their financial future. In this episode, Michael and Dallas discuss why some things are more important than others, and how enjoying the simple things might help your financial outlook over the long term.

280 The first year of retirement is always the most volatile

Sun, 09 Oct 2022 19:45:00 +0000

If you were to draw a line representing the day you retire, how would the space before it and after it look? How would your feelings towards your super balance, cash and investments differ before and after this event?

In this episode, Michael and Dallas discuss why the first year of your retirement always feels the most volatile, and what you can do when you reach this significant milestone.

For more information, please visit www.mo50.com.au

279 Free Markets

Sun, 02 Oct 2022 19:45:00 +0000

When Michael visited China with his mother and met a hundred-year-old farmer, he had no idea that they would end up discussing economics. Then again, given Michael’s line of work, we shouldn’t be all that surprised that’s where the conversation headed! The farmer had some interesting points about communism and why, in his opinion, it’s good in theory but not practice.

In this episode, Michael and Dallas discuss communism versus free markets, and how free markets serve us as consumers.

For more information, please visit www.mo50.com.au

278 What I think when I see a city skyline

Sun, 25 Sep 2022 19:00:00 +0000

Have you ever looked out over a city skyline and got lost in thought about all the houses in the distance, wondering what the people inside are doing, and thinking how each night the city looks so peaceful and calm and yet the following morning those people will be up and about getting on with their daily lives again?

This was the case for Dallas last week when he went up to Castle Hill in Townsville to look out over the city. Except, of course, his daydreaming didn’t last very long – he was driving around slowly, trying to get his four-month-old daughter to sleep.

In this episode, Dallas and Michael discuss how, even during bad times in the sharemarket, the world still keeps moving, and things aren’t as dire as they seem.

For more information, please visit www.mo50.com.au

277 Supply and demand

Sun, 18 Sep 2022 19:00:00 +0000

What makes prices fluctuate? Why is petrol so expensive right now? Do companies ever run out of shares? Why do some countries ration supplies?

In this episode, Dallas and Michael answer all of these questions and more, looking at the impact that supply and demand has on our everyday lives.

For more information, please visit www.mo50.com.au

276 Case study: risks of commercial property in retirement

Sun, 11 Sep 2022 19:00:00 +0000

Do you own a commercial property, or thought about using the incoming rent from one when you retire? While rentals can bring in a good income, there’s a big difference between commercial and residential rental income. And it’s important to know how that difference will affect you once you have retired.

In this episode, Dallas and Michael discuss drawing an income from rent during retirement, and whether commercial or residential is the better option.

For more information, please visit www.mo50.com.au

275 Knowing you don’t need to work makes work better

Sun, 04 Sep 2022 19:00:00 +0000

Sometimes, you need to put your happiness before your job. Easier said than done, right? But if you’re close to retirement and you’re extremely unhappy in your job, perhaps it’s time to let it go. But how do you make that call, and how do you know if you’ll have enough money to retire with?

In this episode, Dallas and Michael discuss why money isn’t everything (yes, they are still financial advisers!), why it’s okay to give yourself a break, and how to navigate big decisions about work and retirement.

For more information, please visit www.mo50.com.au

274 It’s my turn

Sun, 28 Aug 2022 19:00:00 +0000

We need to talk.

That sounds a little awkward, doesn’t it?

If you have a partner and you want to have a discussion about your finances, perhaps start with a slightly less scary phrase! That said, it can still be a very difficult topic to approach with your partner, especially if they think they have everything under control and are used to taking care of the financial side of things.

But could it be time for you to take over? Is it your turn?

In this episode, Michael and Dallas discuss how to approach this conversation, and why it’s imperative that you do it sooner rather than later.

For more information, please visit www.mo50.com.au

273 You can’t touch this!

Sun, 21 Aug 2022 19:00:00 +0000

What does MC Hammer and your superannuation have in common? You guessed it – you can’t touch either of them!

Well, that is, until you are of retirement age. In this episode, Dallas and Michael will not only get a catchy song in your head, they’ll also discuss why not being able to touch your superannuation is an advantage rather than a hindrance.

For more information, please visit www.mo50.com.au

272 Beware the chameleon adviser

Sun, 14 Aug 2022 19:00:00 +0000

Do you have a financial adviser or a financial salesperson? And what exactly is a chameleon adviser?

In this episode, Michael and Dallas discuss what chameleon advisers do and why you should avoid them. Who is actually telling you the truth and giving you good advice when it comes to your money?

For more information, please visit www.mo50.com.au

271 A moral guide to minimising taxes

Sun, 07 Aug 2022 19:00:00 +0000

Tax evasion or tax minimisation – what’s the difference? According to Kerry Packer’s famous speech during a parliamentary hearing, a lot. And if you’re not trying to minimise your tax, there might even be something wrong with you, according to Packer.

In this episode Michael and Dallas discuss the difference between the two, and why you should be trying to do one of them (hint: it’s not the illegal one).

For more information, please visit www.mo50.com.au

270 Why you should spread your eggs

Thu, 04 Aug 2022 08:02:13 +0000

In this episode Dallas and Michael visit why it is important to Diversify. By diversifying we mean spreading your eggs in more than one basket!

Michael and Dallas discuss the benefits of investing your money in the market, ensuring it is well spread across the top major companies, hence minimising potential losses, whilst still making returns.

For more information, please visit www.mo50.com.au

269 Why a retiree could benefit from working

Sun, 24 Jul 2022 19:00:00 +0000

It’s easy to see retirement and work as being black and white – you’re either working or you’re not. But when you retire, things don’t have to be that way.

In this episode Dallas and Michael discuss why working during your retirement can be a good thing, how to balance it, and some things you could do to earn money that you may have never considered before.

For more information, please visit www.mo50.com.au

268 Listener Questions – Working part time in retirement

Sun, 17 Jul 2022 19:00:00 +0000

How much can you REALLY work during retirement without paying a cent in tax?

Many people know that their account-based pension is a tax-free income. But you can also earn a significant amount of money by working part time to boost your bank balance once you’ve retired. In this episode, Dallas and Michael respond to a listener's question and discuss SAPTO (Seniors and Pensioners Tax Offset), super and income tax.

For more information, please visit www.mo50.com.au

267 Don’t listen to Jerry Seinfield

Wed, 13 Jul 2022 05:14:54 +0000

Jerry Seinfeld is a hero when it comes to comedy. In our eyes, he can do no wrong! But when it comes to stocks, his strategy on the show is slightly more like gambling than investing …

In this episode, Dallas and Michael discuss how you can be smarter than Jerry when you invest, and why a diversified portfolio is less volatile than a term deposit.

For more information, please visit www.mo50.com.au

266 Do you prefer possessions or experiences?

Thu, 07 Jul 2022 23:33:56 +0000

If you had a choice between going out for a nice dinner once a week and having a new car every three years, which would you choose? What about if you had to choose between going on a three-month holiday around the world and getting a full renovation on your house, including brand new furniture?

In this episode, Dallas and Michael discuss how you can use your money as a medium to buy possessions or experiences. You’re in the driver’s seat. Which would you choose?

265 Money is a medium

Tue, 28 Jun 2022 04:51:08 +0000

You may earn a ton of cash and still be broke in retirement. How is that possible? Well, your retirement wealth depends not just on the money you make, but on how you transfer those hard-earned bucks into experiences and possessions.

People have different ways of viewing money. But money is simply a “medium for transferring work and enterprise into possessions and experiences”. In this episode, Michael and Dallas discuss why your income isn’t the only thing dictating how wealthy you will be in retirement.

264 Fridges with ice makers

Mon, 20 Jun 2022 05:42:28 +0000

When you were a kid, do you remember visiting friends’ fancy houses and comparing them to your own? For Dallas, the epitome of a fancy house was one that had an ice maker. If one of his friends had a house that featured one of these, in his eyes, they had really “made it” in life.

As an adult, Dallas is now contemplating becoming one of these people. Yes, he wants a fridge with an ice maker, because – well, they’re pretty cool. So should he spend the money on it, and when? And is it really worthwhile?

This episode is not about fancy fridges or rich friends – it’s about making thoughtful financial decisions. Dallas and Michael discuss what and when to spend your money on (and when to hold onto it, instead). Spoiler alert: when it comes to your money, financial advisers are not always as frugal as you may think!

263 It’s all one bucket

Mon, 13 Jun 2022 22:24:47 +0000

If you are married or in a long-term relationship, then your money is all in ‘one bucket’. According to family law (and Centrelink), you and your partner don’t have separate money – regardless of who earns more.

However, there are ways that you can benefit from paying less tax based on how you treat certain assets and whose super you put more money into. Don’t worry – it’s all legal! In this episode, Dallas and Michael explore how to keep as much of your taxable income as possible, and why your money is really all in one bucket.

262 Foreign currency transfers

Tue, 07 Jun 2022 04:51:32 +0000

Need to send money overseas? Or going travelling? Are you prepared to lose thousands in currency conversion fees, and happy to keep the big banks in business, who – for far too long – have controlled international transfers?

As you can see by our excessive use of questions, we’ve been looking for a cheaper way to deal with overseas money transfers for a very long time. In this episode, Dallas and Michael discuss who to use and why (we’ll show you how to save thousands, literally). For more information, please visit www.mo50.com.au

261 A new thing won’t make you a certain type of person

Mon, 30 May 2022 05:38:10 +0000

Do you keep your car neat, clean and polished? Or do your kids, pets and habits stop it from keeping its new car smell and appearance beyond its first week?

Don’t worry – we understand. Surely, if you bought a brand new car, you’d look after it better. Right?

Well, actually, you probably wouldn’t! In this episode, Dallas and Michael discuss how possessions affect us as people, and us as decision-makers – and how advertising fuels us to make purchases that won’t necessarily fulfil our needs.

For more information please visit www.mo50.com.au

260 All projections are wrong but some are useful

Sun, 22 May 2022 19:45:00 +0000

Predictions and projections we make about money are always wrong. In fact, they are wrong from the minute they’re produced. So why do financial advisers use them, if they’re never right? In this episode, Michael and Dallas look at why projections are important, and how to use them even when we know they will be incorrect.

For more information please visit www.mo50.com.au

259 The percentage of podcasts we dedicate to not panicking

Sun, 15 May 2022 19:45:00 +0000

On average, we see a drop in company prices of about 30% every 5 years. If you’ve listened to us for a while, you’ll know we often talk about not panicking when this happens. But why is this important, and exactly how important is it? In this episode we discuss how not preparing for a drop in the share market is like not listening to the lifeboat drill on a cruise ship. Spoiler alert: it doesn’t end well.

258 Why should it be easy?

Sun, 08 May 2022 19:45:00 +0000

If you wanted to lose weight, would you sit on the couch eating donuts, or have a salad and do some exercise? The answer is simple, yet many people don’t achieve their goals. Often, we want things to happen right away. This is instant gratification. And like losing weight, saving money and preparing for retirement is a long game.

In this episode, Dallas and Michael discuss the difficulties of investing in the long term – and why some people succeed while others don’t.

257 Don’t spread your eggs (when you’re already highly diversified)

Sun, 01 May 2022 19:45:00 +0000

What happens when your finances are on track and you’re getting your 8% rate of return? Is it time to spread your eggs and diversify further? Or perhaps buy a property? Is being invested in super really enough – and what if my fund goes broke?

In this episode, Michael and Dallas discuss these questions in relation to those close to retirement.

For more information, please visit www.mo50.com.au

256 75c McDonald ice cream cones (things are going to cost more money in the future)

Sun, 24 Apr 2022 19:45:00 +0000

Do you remember when Mcdonald's ice cream cones were 30 cents? Dallas and Michael certainly do. But if you were to go and buy one today, you’d be handing over 75 of your hard-earned cents.

In this episode, Dallas and Michael discuss how bigger expenses in life (though potentially less enjoyable than a Maccas soft serve cone) go up with inflation, and exactly what this means for you and your retirement planning.

For more information, please visit www.mo50.com.au

255 The stock tip

Sun, 17 Apr 2022 19:45:00 +0000

We've all had a stock tip for some speculative company before, with some being winners and some losers... But should we be basing our retirement strategy on this?

For more information, please visit www.mo50.com.au

254 Directionally right is more important than precision

Sun, 10 Apr 2022 19:45:00 +0000

In financial planning, it is almost impossible for you to be absolutely precise in what the future will look like. For example, there is no way to figure out what inflation will be each year in the next 10 years. However, we do know that it will likely increase, therefore, we must include this in our calculations to help prepare for the future. You will never be exactly right, but heading in the right direction using the information at hand is absolutely important.

For more information, please visit www.mo50.com.au

253 Having a healthy diet doesn’t guarantee a long & healthy life

Sun, 03 Apr 2022 19:45:00 +0000

When it comes to living a long life, eating healthy is one way to help make that happen. However, it does not guarantee that you will not get sick or become a victim of an unfortunate event. Saving money and making the right financial decisions is similar to this, as there is never any guarantee that something might not happen in the future to derail your plan. Even though this is the case, giving yourself the best opportunity for positive outcomes can still pay off!

For more information, please visit www.mo50.com.au

252 There is nothing wrong with a 50% drop (when invested in good quality companies)

Sun, 27 Mar 2022 19:45:00 +0000

Volatility is a natural occurrence when it comes to investing, especially when invested in companies. We know that if you want to achieve long-term positive returns, you will be met with short-term volatility. You must accept and embrace the knowledge that a drop of 50% WILL happen; it's a matter of when not if.

For more information, please visit www.mo50.com.au

251 Attitudes of money - it can’t make you feel safe and be unreliable at the same time

Sun, 20 Mar 2022 19:45:00 +0000

Some listeners to the podcast will tend to think of money as either a safety blanket that can protect us from the dangers of the world, while others may think of money as something that is unreliable. It can become hard to manoeuvre when each member of a couple sit on the opposite sides of these conflicting thoughts, or an individual is stuck with these conflicting thoughts internally.

For more information, please visit www.mo50.com.au

250 Happy 30th birthday superannuation

Sun, 13 Mar 2022 19:45:00 +0000

In 1992, the Superannuation Guarantee (SG) was introduced in Australia which required employers to contribute money into their employee's super fund. A large amount of our advice is focused on taking advantage of this amazing low-to-no tax environment to help you build your retirement savings.

For more information, please visit www.mo50.com.au

249 Getting talked back into working after retiring

Sun, 06 Mar 2022 19:45:00 +0000

Michael speaks to Dallas about the visible and hidden benefits of going back to paid work (in some form) after already retiring.

For more information, please visit www.mo50.com.au

248 The best way to avoid panicking in a downturn is to not panic

Sun, 27 Feb 2022 19:45:00 +0000

One of the quickest ways to derail your retirement or investment plans is to PANIC! It might be hard not to react, but panicking at the sight of downturns can undo all of your hard work.

For more information, please visit www.mo50.com.au

247 Why my kids won’t get an inheritance

Wed, 23 Feb 2022 23:18:53 +0000

Dallas discusses with Michael his thoughts on the planning of providing an inheritance to children. There is no right or wrong answer on whether you should leave an inheritance, however, there are a few things to take into account when planning for this.

For more information, please visit www.mo50.com.au

246 ”What do you think about buying BHP shares?” ”I don’t...” - The questions that are actually important

Sun, 20 Feb 2022 19:45:00 +0000

In this episode, Dallas & Michael explain why "stock-picking" questions can be some of the least valuable questions that you can ask at a particular time. Our objective for our clients is to increase the outperformance of long-term outcomes by looking at their goals, creating a suitable plan, then determining the portfolio.

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

245 Running out of money is not a valid strategy

Wed, 16 Feb 2022 19:45:00 +0000

We had a prospective client show us retirement savings projections from their industry super financial adviser who had factored the client running out of money into the plan. We think this is a dangerous plan, and in this episode, we'll explain why. Note, we are not saying that all industry advisers do this; this is only based on what we have seen.

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

244 Listener question - When to draw from cash band?

Sun, 13 Feb 2022 19:45:00 +0000

Michael & Dallas answer the following listener question from Adam: "Where do you draw your pension from (investment options) & what stage of a downturn would you decide to draw from your cash reserves?"

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

243 Listener Question - Super income stream

Wed, 09 Feb 2022 19:45:00 +0000

This listener question from Darren asks about the specifics of drawing an income from your superannuation when you retire. Michael and Dallas discuss the the account-based pension (not to be confused with Centrelink Age Pension) and answer the following question:

How is income normally distributed?
How does an account-based pension work?
Do you constantly need to sell down shares?

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

242 Pain does exist in this dojo (building for your future isn’t pain-free)

Sun, 06 Feb 2022 19:45:00 +0000

In financial planning, a lot of the decisions you make involve giving something up to get something back. For example, you may have to reduce your income by $10,000-$20,000 p.a. while you're working to be able to get into the position that you need to retire comfortably. Life is full of trade-offs, financial planning gives you the information to make those fully informed decisions, but there will always be some form of pain. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

241 You make your money by holding for 30 years

Wed, 02 Feb 2022 19:45:00 +0000

Michael & Dallas discuss the benefits of discipline when investing for the long term. When it comes to building wealth, delayed gratification tends to play a huge role.

240 The Baltic Dry Index

Sun, 30 Jan 2022 19:45:00 +0000

The Baltic Dry Index (BDI) is an index of average prices paid for the transport of dry bulk materials across more than 20 routes. It can be used as an indicator of global economic activity. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

239 Case study - Getting into position to work part-time within 2 years

Wed, 26 Jan 2022 19:45:00 +0000

Dallas & Michael discuss a client case study of Dallas'. Dallas goes through all the steps that were involved in getting them into a position to work part-time, allowing them to do more of the things that they enjoy, such as travelling. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

238 Success over 3 decades of retirement

Sun, 23 Jan 2022 19:45:00 +0000

We believe that you should be invested predominantly in companies throughout your lifetime. In this episode, we tell you how much company prices and dividends have grown over 30 years, and why this is important to protect yourself against the rising costs of living (inflation). For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

237 Why we have started charging for our initial consultation

Thu, 20 Jan 2022 01:26:42 +0000

We now charge a fee for your Initial Consultation with Money Over 50 Financial Advisers of $990 inc. GST. This fee covers our time to prepare for the meeting, hold the meeting, and provide any follow-up information necessary. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

236 If something cannot go forever, it will stop

Wed, 19 Jan 2022 19:45:00 +0000

In our industry, it is common to see investors become fearful that bad times will last forever. There will always be forces at play that will work against this. Things will never get as bad you think they will, and if they do, there's nothing we can do about it. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

235 Cash is like tinned food, while companies are like a veggie garden

Sun, 16 Jan 2022 19:45:00 +0000

Relying on cash to support you throughout your retirement can be incredibly hard; there is little to no growth, and the world is only getting more expensive as time goes on. You want to be able to set yourself up in a sustainable way that can continue to grow and build throughout the long term; this is where investing in companies can help. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

234 Invest when you have the money, withdraw when you need it

Wed, 12 Jan 2022 19:45:00 +0000

It's easy to get used to any surplus cash and to spend it on things that hold no value to you. That's why it is important to invest any surplus cash that you may be earning, to prepare for those times when you do need it.For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

233 Large companies can‘t be both greedy and risky

Sun, 09 Jan 2022 19:45:00 +0000

Michael and Dallas discuss the odd thought that "large companies are incredibly greedy, and are risky to invest in". If a company is greedy and earns a lot of profit, why would it be considered risky? For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

232 Your money has to have a job description

Wed, 05 Jan 2022 19:45:00 +0000

When it comes to saving for your retirement, one of the easiest mistakes to make is to not have a role for your money. A common example of this is to have more cash than needed sitting in your bank account earning an interest rate much lower than inflation; it could be put to much better use being invested in the top companies of Australia and the world. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

231 Avocados for $1 from $2 (companies down by 50%)

Sun, 02 Jan 2022 19:45:00 +0000

Whenever we see grocery prices down at the supermarket, our instinct is to scoop up more of the discounted items that we want. In investing, however, a large drop in prices tends to deter the average person. What if it could be an opportunity to purchase company shares at a lower price? For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

230 Ways to get beaten on a protest in retirement planning

Wed, 29 Dec 2021 19:45:00 +0000

Just like in racing, it may seem like you've landed yourself a win, however, things can change unexpectedly and leave the results out of your favour. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

229 Beware of people telling you to ”get out of the share market”

Sun, 26 Dec 2021 19:45:00 +0000

The media loves to tell you how badly you need to get out, but never give you any accurate details. In fact, when it comes to listening to the fearmongering that the media and so-called industry experts spread, more harm is done than good.

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

228 Why balanced funds aren‘t appropriate for retirees

Wed, 22 Dec 2021 19:45:00 +0000

Michael and Dallas discuss a few reasons as to why being invested in balanced funds are not in the best interests of retirees. These disadvantages range from the investment strategy being more invested in cash than you may be able to afford, to not being to determine where you draw your income from during periods of low prices. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

227 Thoughtful, considered & delayed spending

Sun, 19 Dec 2021 19:48:00 +0000

Michael & Dallas discuss the huge difference between the financial position of a person who has & who does not have "thoughtful, considered & delayed spending". Impulse buying can be detrimental to your retirement savings; keep in mind, it's not the small costs that have this impact, it's the LARGE purchases.

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

226 Money as atomic energy (the compounding nature of investing)

Wed, 15 Dec 2021 19:45:00 +0000

Investing your money in the right assets and having those dividends reinvested has a HUGE impact on what your future retirement savings look like. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

225 There is no next thing in retirement

Sun, 12 Dec 2021 19:45:00 +0000

Your life is full of personal milestones, and your retirement plan is built with goals that you need to meet. So, when it comes to reaching your retirement, the time is yours to enjoy. You need to become comfortable with the idea of there being no "next thing" or you need to find something that helps you feel valuable.

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

224 You maybe doubling up on cash without even knowing

Wed, 08 Dec 2021 19:45:00 +0000

It's important for your investable assets to have a job i.e. to grow your wealth or to remain as a buffer in case of volatile times. A lot of investors have this down pat when it comes to their assets outside of superannuation, but they have no idea about the asset allocation of their superannuation. If you have a significant cash buffer outside of superannuation, it may be worth having a look at how your superannuation is invested (especially if you have a pre-mixed option, such as conservative or balanced).

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

223 The market doesn‘t fall, there is just more sellers than buyers

Sun, 05 Dec 2021 19:45:00 +0000

When sellers in the share market or any market (e.g. fruit market) outweigh the number of people willing to buy, then the price will need to reduce in order for someone to sell that share. However, if you do not have any plans to sell during that particular time, the volatility (reduced selling price) should not even be relevant to you and your shares.

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

222 Move the chains (consistently move towards meeting your retirement goals)

Wed, 01 Dec 2021 19:45:00 +0000

Michael speaks to Dallas about the power of consistently making small incremental moves towards your retirement plans rather than feeling the need to overextend yourself and risking derailing your retirement.

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

221 Get in the habit of looking for good news (don‘t let the constant negative stories affect your retirement plan)

Sun, 28 Nov 2021 19:45:00 +0000

The role of media is to serve those tuning in with stories that will keep them coming back, 9 times out of 10 it is a horror story of some sort because this is what keeps people coming back (especially when it comes to the economy). This paints a negative picture of the future, even though life is generally getting better for the world. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

219 Why do you fear retirement? And how do these fears affect your potential plan?

Sun, 21 Nov 2021 19:45:00 +0000

In this episode, Dallas & Michale discuss retirement fears - fear, loss & limitation.

Lack - is the fear/belief that you will never have enough to retire.

Loss - is the fear of losing money through events such as volatility.

Limitation - is the fear that when the assets you are invested in a drop in price, and that they never come back up. It is also the fear that when you retire, no one will want to employ you again.

For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

218 3 simple things (in retirement planning)

Sun, 14 Nov 2021 19:45:00 +0000

This episode has Michael & Dallas discussing how simple it can be to get ahead financially, but also how hard it can be to not make an error through panic. Michael uses a real-life example of investing at the worst possible point in time (i.e. right before the Global Financial Crisis), explaining how keeping to the plan and not panicking creates a positive outcome. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

217 Getting punched 50% of the time is better than 100% of the time

Wed, 10 Nov 2021 19:45:00 +0000

Using boxing/fighting as an analogy, Dallas & Michael explains how there will always be a pain when investing in companies through the effects of volatility, however, staying invested in great companies and sticking to a plan allow them to have the best chance to reach their goals. On the other hand, those who stay on the defensive and invest heavily in assets like cash (to reduce volatility), open up the risk of not lasting the whole retirement. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

216 How long it takes to make $100,000

Sun, 07 Nov 2021 19:45:00 +0000

In this episode, Michael & Dallas speak about how long it takes to earn $100,000 from your investments. They demonstrate the amazing benefits of compounding, showing the reduced time it takes to make the "next" $100,000 as your investments continue to grow. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

215 The future is much brighter than we think

Wed, 03 Nov 2021 19:45:00 +0000

As we all know, we are constantly being fed with horror stories about our future, particularly when it comes to economics. However, true poverty is reduced each year allowing people to meet their basic needs (e.g. food and water); further to that point, more and more people are reaching the middle-class. The increase of other people's wealth is great for those who own shares in great companies, as people now have the ability to spend, therefore, increasing the value of companies. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

214 People are still fearful to invest in companies (even though they play a significant role in your future wealth)

Sun, 31 Oct 2021 19:45:00 +0000

Michael and Dallas discuss fear in investing in companies using real-life examples of the GFC and the Covid-19 Pandemic. They explain that volatility is a part of long-term investing, and the mistake usually comes from panicking at the wrong time. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

213 Life‘s too short to drink bad wine (plan to do the things you enjoy in your retirement, not to cut back)

Wed, 27 Oct 2021 19:45:00 +0000

You shouldn't be planning for your retirement to be a lesser lifestyle than what you are currently living. Retirement should be a time of abundance and doing the things that you actually enjoy, this is why it's important to have a carefully considered plan that focuses on this. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

212 CBA shares vs Sydney property (over 30 years)

Sun, 24 Oct 2021 19:45:00 +0000

In this episode, Michael & Dallas discuss the differences in returns between having invested the same amount of money in a Sydney Property and CBA shares. The results will surprise you, especially if you belong to a specific demographic! For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

211 How to save for retirement without using money

Wed, 20 Oct 2021 19:45:00 +0000

When you think of saving for retirement, you'll think of saving with money/capital. However, there are some people that have worked hard and helped others throughout their life to such an extent that they tend to receive help from those others whenever they need it. These people tend to continue to do some form of work until the day they die; they truly enjoy living this way because they value being an involved & contributing member of their society/community. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

210 Protect yourself at all times (be careful of investing too conservatively)

Sun, 17 Oct 2021 19:45:00 +0000

This episode has Michael & Dallas discuss the risk of investing too conservatively, comparing it to fighting for sport, and how it can become a huge factor in why a retirement plan can get derailed. They also discuss the importance of never panicking during times of extreme volatility. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

209 Intimediary monkeys (why you need to evolve with the times)

Wed, 13 Oct 2021 19:45:00 +0000

Not long ago, many people believed cash and term deposits to be the "safer" option when it comes to investing. Nowadays, low interest rates have made these assets some of the most dangerous due to creating the risk of people running out of money prematurely. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

208 You‘ll spend a quarter of a million dollars in the first 3 years of retirement

Sun, 10 Oct 2021 19:45:00 +0000

If you were to spend $80,000 p.a. in your retirement, you'd spend almost a quarter of a million dollars in the first 3 years of retirement. This is why it is essential that you have your money invested in assets that not only grow up to your retirement date but throughout your retirement as well. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

207 Your financial adviser SHOULD BE ”too involved” in your financial life

Wed, 06 Oct 2021 19:45:00 +0000

One of the roles of a good financial adviser is to help you build better habits with your money; the job becomes hard when they have no idea what your current habits are. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

206 Poor health decisions vs poor financial decisions

Sun, 03 Oct 2021 19:45:00 +0000

When it comes to making decisions, it's often hard to make the right financial decisions because you'll usually feel uncomfortable in the short term, but after a bit of consistency and effort, it becomes easy and you'll be glad you have done so; much like eating healthier or exercising more. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

205 The importance of global companies & diversity

Wed, 29 Sep 2021 19:45:00 +0000

As we have said many many times, diversification is important to any investment portfolio. Global companies offer diversification away from Australia and can help protect you from market/economic issues that only affect the Australian economy. *Please note, we are not providing advice in this episode. This is general information only. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

204 Listener question - Retiring before 60

Sun, 26 Sep 2021 19:45:00 +0000

The question discussed in this episode: "I am a regular listener and have you given you the 5 * rating. Thanks for the latest podcast, interesting. A big gap for me however was, you are assuming everyone is working until they are at least 60. What about those people who want to retire before they are 60, where investments outside of super are essential, or where there is an age gap between the partners and one retires at 60, but the other's super can't be accessed for a few years. Investments outside of super may be required for supplementation. Can you provide some thoughts on this?" Thanks Glenn for the excellent topic. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

203 Do you have a financial adviser or a portfolio manager?

Wed, 22 Sep 2021 19:45:00 +0000

The role of a portfolio/fund manager is purely to work money and get the best return. We believe a good financial adviser spends most of their time with clients discussing what is most important to them and personalising strategies based on a client's needs. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

202 Is a QSuper (or any super fund's) lifecycle investment strategy right for you?

Sun, 19 Sep 2021 19:45:00 +0000

QSuper and many other superannuation funds have a default investment strategy that automatically invests your money in different assets determined by your age. These strategies, commonly known as life cycle investment strategies, assume that you are becoming a short term investor with the goal to reduce your investments in growth assets (such as company shares). What it fails to mention is that you lose the ability to grow your retirement savings leading up to and throughout retirement, increasing the long-term risk of running out of money. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

201Are industry funds as low cost as they claim to be?

Thu, 16 Sep 2021 19:45:00 +0000

Industry funds around the board have pushed the message that "everything we do is for our members" implying they are doing what's best for you and that they are providing you with the lowest costs. However, when it comes to costs, industry funds aren't necessarily giving you the cheapest costs. In this episode, we list the largest industry funds and their costs and comparing them with other (more affordable) products. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

200 Another milestone (what we‘ve learnt & taught over 200 episodes)

Tue, 14 Sep 2021 23:19:16 +0000

We have come a long way from our first podcast "001 Downsizing your home, instead of your lifestyle", especially with the quality of our production and the number of real listeners. However, the goal has remained the same, to provide useful information to our listeners that can help put them on track to the retirement they deserve. This episode discusses some of the main points over the years, our growth as podcasters, but more importantly our growth as a business. We have evolved from providing financial advice to our local area, to having clients all over Australia. Thank you for being a part of the podcast, and we look forward to speaking to you soon! If you wish to book a meeting with Money Over 50 Financial Advisers to discuss your retirement plans, please contact podcast@mo50.com.au or visit www.mo50.com.au

199 Listener Question: What if you‘ve already retired and you don‘t have enough money

Wed, 08 Sep 2021 19:45:00 +0000

A great listener question to discuss, but the answer can vary greatly depending on the particular person this relates to. However, a few of the main options for you to look at.

Going back to work (even if it is a small amount of part-time work).
Looking at your Centrelink eligibility and determining how much work you can do without negatively affecting your Centrelink payments.
Looking at your budget and spending less money.
Selling down your assets and turning them into useable cash.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

198 My $15,000 car is still going and I haven‘t spent a cent on it

Sun, 05 Sep 2021 19:45:00 +0000

When it comes to buying a car, a lot of people tend to look past the opportunity costs and how much of a difference they could possibly make to their retirement savings. We practice what we preach, and can vouch for the huge amount of ongoing savings made from driving a $15,000 car. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

If you haven't already, have a listen to one of our earlier related classics: 003 Drive a $15,000 car to draw an extra $717,000 in retirement.

197 Listener Question: Investing money outside of superannuation

Wed, 01 Sep 2021 19:45:00 +0000

In this episode, Michael and Dallas respond to a listener question on investing money outside of superannuation. They explain why they believe in the same investment philosophy (in terms of assets), but reiterate the huge tax benefits of having that money in superannuation rather than outside of superannuation. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

196 How to convince your spouse to see a financial adviser

Sun, 29 Aug 2021 19:45:00 +0000

We often have people wanting to book a meeting with us but have a partner who is not too keen on seeing a financial adviser. We make it a rule to have both partners on board with the idea of seeing a financial adviser because it becomes incredibly hard trying to provide advice to people who have very different ideas on what their retirement plans should look like. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

195 "$100k isn't much anymore"

Wed, 25 Aug 2021 19:45:00 +0000

In recent times, people have been thinking of $100,000 as a small amount of money when it comes to spending. So, why not think of it as an amount that can be saved in your superannuation? An extra $100,000 investment could mean extra holiday money of $20,000 each year for 25 years! For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

194 Test drive your retirement

Sun, 22 Aug 2021 19:45:00 +0000

Retirement is a huge change in somebody's life and their current lifestyle, in many cases this adjustment might be too much. Michael and Dallas discuss different ways that you could test out your retirement lifestyle before actually retiring, and figuring out whether your retirement plans might be right for you. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

193 The 1% extras in saving for your retirement

Wed, 18 Aug 2021 19:45:00 +0000

This episode discusses the big difference that a small change can make to your retirement savings balance, and how a combination of these can make an even larger difference. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

192 A good financial planning business is like a think-tank (we pull the data and give you the best directions)

Sun, 15 Aug 2021 19:45:00 +0000

All the data and information needed to create a financial plan is accessible, however, it usually isn't put together in a way that can help you make a well-informed decision. It's our role to pick apart all of this data and piece it together in a way that allows us to provide you with actionable steps. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

191 Your bank doesn't care about you and that's OK

Wed, 11 Aug 2021 19:45:00 +0000

When a bank does something that reveals a lack of care or understanding, don't be shocked or surprised; it's their role. Their primary role is to bring money in and lend it out at a "mark-up", so don't assume that the bank will have your best interest at heart. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

190 Listener Question: Life & TPD insurance inside superannuation

Sun, 08 Aug 2021 19:45:00 +0000

Thank you for the listener question Colette. This episode explores Life & TPD cover and the types of questions you need to ask yourself when it comes to determining how much insurance cover you may need for yourself. Please note, we are not providing any insurance advice in this episode; we are only exploring different thought processes and trade-offs in the decision making process. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

189 Why a good financial adviser is like a good cornerman in boxing

Wed, 04 Aug 2021 19:45:00 +0000

One of our abilities that we pride ourselves in having, is being able to see what our client's natural strengths/attitudes are, as well as their weaknesses. These can range from savings abilities, capacity to earn income, or even the ability to follow instructions well. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

188 The only numbers that matter (to your retirement savings)

Sun, 01 Aug 2021 19:45:00 +0000

When it comes to retirement savings, there are a select few numbers that are more important to your retirement savings than others:

8% - Average a return of 8% every year through investment.
5% - Draw an income of 5%.
0% - Pay 0% tax on your income.
$1.6M - The amount a couple may need for a comfortable retirement.

Keep in mind, these are just the average figures that we tend to see. In reality, these can look very different depending on your lifestyle and goals but the concept remains the same. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

187 Every time you borrow money, you take it from your future self

Wed, 28 Jul 2021 19:45:00 +0000

When borrowing money, you are making a decision now that your future self will need to pay for (in the form of loan repayments). It's important to truly think about whether or not your future self, which is still you (don't forget), will be happy with the purchase you make today. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

186 The average 60 year old is far more employable than they think

Sun, 25 Jul 2021 19:45:00 +0000

In this episode, Michael and Dallas discuss why 60 year olds are much more employable than they think, especially in regards to doing part-time work in retirement. When you are 60 and actively pursuing work, it is most likely that you are full of desirable traits e.g. great work ethic, reliability, & enthusiasm. Just go for it, and you'll surprise yourself. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

185 If the ATO doesn't call, you'll know it's me

Wed, 21 Jul 2021 19:45:00 +0000

The old saying "no news is good news" holds true in the world of financial planning. The benefit of a good financial adviser is that they are able to put effective plans in place that make sure you are doing all the right things. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

184 What if I'm 45 (Why we only work with people over 50)

Sun, 18 Jul 2021 19:45:00 +0000

When you are 45 years old, you're life goals and focus are distracted from retirement as you tend to have so many more things to worry about. Once someone hits 50, they tend to switch their focuses on planning for retirement and doing what they need to get in the right position. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

183 Why I am right about most things (why I, as your financial adviser, know how decisions will affect you in the future)

Wed, 14 Jul 2021 19:45:00 +0000

Clients often wonder why I'm able to predict how certain decisions will affect them financially and emotionally in the future. A combination of expertise and experience has given us a type of "muscle memory" allowing us to see the consequences of most actions. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

182 How to avoid getting robbed by your financial adviser

Sun, 11 Jul 2021 19:45:00 +0000

It's unfortunate that we live in a world where service providers are able to take advantage of an information imbalance between them and the consumer, and effectively "steal" from them. This episode provides some tips on how to avoid the crook/charlatan. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

181 We take care of it all, while you can enjoy your financial freedom (Of course you don't want to go to your rectal examinations)

Wed, 07 Jul 2021 19:45:00 +0000

I think it is relatively safe to say that most people would prefer to not go to any doctor's appointments, they just want to be healthy. The same is likely to apply in financial advising, they just want to make sure that they are going to be OK. It's our job to make sure that our clients are doing well; if we can determine that they are financially "healthy" then we'll give them the option to come in for their meeting or enjoy their life. If you don't need or want to see us, go ahead and enjoy your financial freedom. We'll still be here making sure that you're going to be OK. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

180 The "hard work, good work" matrix

Sun, 04 Jul 2021 19:45:00 +0000

Getting your retirement savings to where you need to, requires both hard work and good work. Are you doing the work that you need to do, and are you doing it in the most effective way? A combination of your hard work and our good work can ensure you make the most out of your wealth-building efforts. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

179 How to turn $700,000 to $2,000,000

Wed, 30 Jun 2021 19:45:00 +0000

When it comes to growing your retirement savings, there are many steps that you will need to take! Here, Michael and Dallas break down these steps and help you understand what it is that you need to do to really make a difference to your wealth. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

178 How much income can you draw from an extra $100,000 in retirement savings

Sun, 27 Jun 2021 19:45:00 +0000

Dallas and Michael discuss the difference that an extra $100,000 (or any other amount) can make to your retirement income. They reveal how long this money could last to help fund extra discretionary expenses, such as travel. How much income can you draw from an extra $100,000 in retirement savings. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

177 Why you shouldn't fix your loan's interest rates

Wed, 23 Jun 2021 19:45:00 +0000

Dallas & Michael discuss interest rates, more specifically, they focus on some of the reasons why you might be better off with a variable interest rate loan. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

176 Your house is more like a car than a super fund

Sun, 20 Jun 2021 19:45:00 +0000

Your home is a consumption item in the same way that you're car is a consumption item. Just as you are not going to expect your car to generate you a return, you should also realise that your house will have it's own running costs &/or depreciation costs. It's not to say you shouldn't own your home, because it's an important lifestyle choice of many Australians, you just need to be honest to yourself on the costs and can sustainably do that through your retirement. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

175 Why you probably need 1.1 cars in retirement and what to do about it

Wed, 16 Jun 2021 19:45:00 +0000

In retirement, if you can run one vehicle rather than two, you'll be able to save yourselves a few thousand dollars each year to spend on something you'd enjoy much more. Of course there'll be times you and your partner may need a separate car, but owning a second vehicle isn't the only option. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

174 Brown M&M's (Why the little things are important)

Sun, 13 Jun 2021 19:45:00 +0000

David Lee Roth from the band Van Halen set up an ingenious visual safety clue inside the contract given to venue staff/promoters to ensure that everything was set up correctly... there were to be no brown M&M's in the bowl they'd receive an hour before their show. We have to rely on third parties such as superannuation funds for the safe custody of our client’s life savings. As our clients work for all manner of different employers who have different preferred third-party superannuation funds as default providers, we have gotten to know which providers remove the brown M&M’s and which providers don’t. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

173 Living on the Age Pension is better than being a king 500 years ago

Wed, 09 Jun 2021 19:45:00 +0000

As a person living in our current age, it is pretty easy to fall into the trap of constantly worrying about money. However, when you have a really good think about what's available to us now (modern medicine, air-conditioning, surplus of food, machines that drive us between locations, etc.), you can see that life is actually pretty good. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

172 Small Business CGT Concessions

Sun, 06 Jun 2021 19:45:00 +0000

Capital Gains Tax can cause the net earnings from the sale of a business asset to be significantly reduced. In this episode, we discuss small business CGT concessions that can help provide HUGE tax savings if you were to meet the eligibility requirements. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

171 How you should setup your own business in semi-retirement (Part 3)

Wed, 02 Jun 2021 19:45:00 +0000

We've discussed why someone should setup their own business in semi-retirement and type of people who would benefit the most from this. Now we'll discuss how to do this, or more specifically, what things you should look out for and what to avoid. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

170 Who should setup their own business in semi-retirement (Part 2)

Sun, 30 May 2021 19:45:00 +0000

In the previous episode, we discussed why someone should setup their own business in semi-retirement. In this episode we discuss who can really benefit from having this in their financial/life plan, and looking at who this might be a bad idea for. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

169 Why you should setup your own business in semi-retirement (Part 1)

Wed, 26 May 2021 19:45:00 +0000

One option that a lot of people tend to not think about, leading up to retirement, is to setup their own business doing something that they are passionate about and enjoy. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

168 No one is raking up cash and setting fire to it

Sun, 23 May 2021 19:45:00 +0000

Spending is down and savings are up…. Your typical news headline during a recession. This is always portrayed as kryptonite for companies, however, the last time that we checked, "no one is raking up cash and setting fire to it!" (Michael Hogue 2008). Since the dawn of time (another classic claim that Michael often overuses to start a sentence) companies have been adept at moving quickly to reduce costs when spending is down, then ramping up quickly when spending is up. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

167 Setting up investments for the grandkids

Wed, 19 May 2021 19:45:00 +0000

Setting up an investment for the kids/grandkids used to be a fairly hard and costly process. Nowadays, there are programs out there that are easy to use and allow you to start the investing process with only a small sum of money. One of the programs that we like to use for small investments for our kids is RAIZ. For details about RAIZ, please click on the following link https://raizinvest.com.au/blog/how-raiz-works/

For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

166 The Dodge Ram index (overconfidence leads to overspending)

Sun, 16 May 2021 19:45:00 +0000

March 2020 the entire country was in fear of not having a job with the outbreak of Covid-19 around the world. In the short space of 12-months to March 2021, the country has gone from "scarcity" mentality to an "abundance" mentality. One such area of expenditure that has increased is luxury cars. Michael and Dallas have observed the significant increase of Dodge Rams (amongst other luxury cars). What's telling about this is that Dodge only launched the Ram in recent years. At the start of 2020, not many Rams were on the road, now, it seems like 5% of vehicles on the road are Dodge Rams. With the average Superannuation balance per couple (age bracket 55-64) being

165 Changes to super contribution caps

Wed, 12 May 2021 19:45:00 +0000

This episode discusses the new changes to the Australian superannuation contribution caps. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

164 Either save money or stop stressing about it

Sun, 09 May 2021 19:45:00 +0000

There's no point wasting your energy on stressing about saving money when you're not going to do it. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

163 Ramsay's kitchen nightmares for retirees

Wed, 05 May 2021 19:45:00 +0000

In this episode, we discuss the similarities between retirement plans that fail and the restaurants that fail (as seen on Gordon Ramsay's Kitchen Nightmares), as well as looking at the similarities between a successful retirement plan and a successful restaurant. P.S. we don't yell at our clients the way Gordon Ramsay does. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

162 Getting a good return is not a good retirement goal

Sun, 02 May 2021 19:45:00 +0000

Investment return is simply a means to achieving a good retirement goal., it is not the goal itself. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

161 The difference between a good accountant and a good financial adviser

Wed, 28 Apr 2021 19:45:00 +0000

Accountants and financial advisers have different goals in mind when it comes to taxes. For an accountant, it may be that they are tax focused for that particular financial year, while the financial adviser may be looking over the longer-term. This isn't necessarily always the case, but it's good to keep in mind that both professions are usually experts in different areas of tax. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

160 Money spent is kinetic energy, money saved is potential energy

Sun, 25 Apr 2021 19:45:00 +0000

It can be hard to fully grasp the concept of money... thinking of it as a form energy, however, might be an easier way of understanding what it is and how it works. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

159 The most likely returns of the last 30 years

Wed, 21 Apr 2021 19:45:00 +0000

Adding onto Episode 138 What if I retired and my super dropped by 30% where we looked at the returns you would have achieved if you invested at the WORST time in the last 30 years (e.g. at the top of the investment cycle right before the 1987 Stock market crash and also right before the GFC crash). In this podcast we look at the most likely returns that you would have received over rolling periods of time during the last 30 years. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

158 There are only 3 things that you need to do, we just don't know what they are yet

Sun, 18 Apr 2021 19:45:00 +0000

Focussing on too many things at once is a quick-and-easy way to not get anything done at all. Narrowing your focus can help you fix/improve your weaknesses whilst keeping you from getting overwhelmed. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

157 Do or do not, there is no try

Wed, 14 Apr 2021 19:45:00 +0000

Using the term "try" can have an affect on the outcome of what it is you're trying to do. Consciously, you want to do this thing but subconsciously you may be giving your self an easy way out. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

156 You're right where you want to be...

Sun, 11 Apr 2021 19:45:00 +0000

Our typical 55 year old client usually feels scared when starting their retirement plan, but they come out on the other side with happiness after conquering their fears and being proud of what they achieve. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

155 Goals, then plan, then portfolio

Wed, 07 Apr 2021 19:45:00 +0000

It's not difficult to come up with a plan/portfolio but if they don't align with your goals, what's the point? For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

154 2 minutes of doing beats 58 minutes of talking

Sun, 04 Apr 2021 19:45:00 +0000

You can do all the planning in the world, but you won't get any further without you actually "doing". For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

153 Owning vs lending

Wed, 31 Mar 2021 19:45:00 +0000

Being a lender to a company, you can get paid a rate of interest. However, you do not share in the company's profits, that stays with the owner. Would you prefer to be a lender or an owner? For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

152 Does thinking about money hurt your head?

Sun, 28 Mar 2021 19:45:00 +0000

The way a human's brain works is fantastic, but they're not all the same; there are some things that are easy for us to understand and some that are a difficult for us. You definitely will not be seeing me paint like Leonardo Da Vinci unfortunately. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

151 Bolting it all together - In retirement

Wed, 24 Mar 2021 19:45:00 +0000

This episode follows on from our previous episode where we discuss "bolting it all together" while you're working. We now dive into the nuts and bolts of the retirement phase. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

150 Bolting it all together - While you're working

Sun, 21 Mar 2021 19:45:00 +0000

We often speak about buying the great companies of Australia and the world, but also super and tax planning, so how does it all bolt together? For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

149 Biases - Why we get caught up with the crowd

Wed, 17 Mar 2021 19:45:00 +0000

The final instalment of our "Biases" mini-series has us discussing groupthink, restraint bias, & neglect of probability! A lot of investors may have experienced this firsthand during the Covid-19 pandemic. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

148 Owning the great companies at the push of a button

Sun, 14 Mar 2021 19:45:00 +0000

There is nothing quite like how easy it is to own some of the greatest companies of the world. There's not many things that you can be interested in and buy a portion of ownership from without having to do any work related to that business/asset. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

147 The good, the bad & the ugly of tax deductions

Wed, 10 Mar 2021 19:45:00 +0000

Tax deductions are some of the most misunderstood parts of finances in Australia. When people think tax deductions, they think about spending $1 on an item and receiving 39c back whilst losing the $1; when we talk about tax deductions we mean putting $1 away, receiving 24c back & watching the $1 grow to $2. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

146 5 retirement rules of thumb

Sun, 07 Mar 2021 19:45:00 +0000

Retirement is a HUGE chapter in all of our lives... here are 5 rules of thumb to ensure a good retirement. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

145 0% tax if you change employer after age 60

Wed, 03 Mar 2021 19:45:00 +0000

In this episode, we discuss a hidden tax benefit when turning age 60 and deciding to change job (that you may be able to take advantage of). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

144 Biases - Why we believe fake news

Sun, 28 Feb 2021 19:45:00 +0000

The third episode of the "Biases" explores the biases that push to believe FAKE NEWS. The biases that are explored and how to minimise their effects are incentive bias, hindsight bias, self-serving bias, & narrative fallacy. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

143 Why the best financial advisers need their own financial adviser

Wed, 24 Feb 2021 19:45:00 +0000

In this episode, we discuss our experience of using one another (Michael & Dallas) as our own financial advisers and reveal some of the advantages we have found. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

142 Why it's not enough to have your balance go up every year

Sun, 21 Feb 2021 19:45:00 +0000

As a person saving up for retirement, it is easy to get stuck in the trap of thinking you will be fine because your balance is going up each year. In reality, there is a target you need to hit and a plan that needs to be followed. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

141 Why would I want share prices to go up?

Wed, 17 Feb 2021 19:45:00 +0000

When it comes to holding equities, you'd rather the share price not move upward so fast until you are ready to access them. Cheaper prices = more share purchased. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

140 Biases - Why we struggle to fix our mistakes

Sun, 14 Feb 2021 19:45:00 +0000

The second part of our "Biases" mini-series explores why it is hard for us, as investors, to fix our mistake. Our subconscious mind is full of instincts that has been created through thousands of years' worth of evolution; created to help us survive the world. However, a lot of the problems that once affected us are no longer existent/relevant, but our instincts are still there. The biases discussed are: loss aversion, endowment effect, anchoring bias, status quo bias, & familiarity bias. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

139 We never know why company share prices fluctuate, only that they will

Wed, 10 Feb 2021 19:45:00 +0000

When it comes to equities, the media and "analysts" love to try their hand at predicting what is happening with the markets. Last year should have been proof enough that we don't really know what will happen in the short-term. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

138 What if I retired and my super dropped by 30%?

Sun, 07 Feb 2021 19:45:00 +0000

Michael and Dallas discuss the long-term benefits of being invested in largely diversified equities, and the methods to help reduce the impact of a huge market drop while invested. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

137 We want personalisation, not choice

Wed, 03 Feb 2021 19:45:00 +0000

This episode discusses the importance of having a plan personalised to your needs, and not having a multitude of options for you to choose from. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

136 Biases - Why we make mistakes

Sun, 31 Jan 2021 19:45:00 +0000

The first of our "Biases" mini-series focuses on why we, as investors make mistakes. This episode discusses and gives tips on how to minimise/avoid the effects of confirmation bias, information bias and oversimplification bias. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

135 Listener Question: Building a 2 bedroom cottage

Wed, 27 Jan 2021 19:45:00 +0000

Michael and Dallas respond to a a listener question from Linda in regards to building a 2 bedroom cottage. We discuss the pro's and con's and weigh this up against her other options. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

134 No one's coming

Sun, 24 Jan 2021 19:45:00 +0000

When it comes to life and taking control of your finances, don't rely on someone to come and magically save you. It is up to you to realise that you can take control and make a significant change to your life!

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

133 Federal Budget 2020 tax cuts (we've found the $100pw for you)

Wed, 20 Jan 2021 19:46:00 +0000

Michael and Dallas briefly discuss the Federal Budget 2020 tax cuts and how you can take advantage of it for your retirement savings.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

132 Find money and automate

Sun, 17 Jan 2021 19:45:00 +0000

It's easy to find and create savings to your budget. But, unless you put those savings somewhere and invest (like in your superannuation), you'll find that you'll just spend that money on something else.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

131 The facts of the last 30 years

Wed, 13 Jan 2021 19:45:00 +0000

Everyone is entitled to their own opinion, however, the facts are the facts. Let's have a look back over the past 30 years and see what this has done for investors.. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

130 Possibility or probability

Sun, 10 Jan 2021 19:45:00 +0000

Dallas and Michael discuss the likelihoods of a lot "what if" scenarios that appear and how much energy an investor should put into these problems. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

129 Covid-19 Podcast: Australia's and the world's great companies finished up 6% for 2020

Fri, 08 Jan 2021 19:45:00 +0000

Last year provided the world with many challenges and reasons for panic. The largest of these being the Covid-19 pandemic which has changed the world we live in and is still affecting our lives to this very day. It was the main cause of the Covid-19 recession, a global economic crisis, which seen some of the fastest plunges in the world's markets ever seen. But the world chugged on, adapted, and seen it's great companies become even greater. We hope your financial adviser advised you not to panic, remain invested, and stick to the plan; if so, we know you're doing OK.

128 Is your financial adviser a doctor or a waiter?

Wed, 06 Jan 2021 19:45:00 +0000

Michael and Dallas discuss the importance of having a financial planner who prescribes you with the "medicine" you need to assist your financial health, rather than a financial planner who gives you exactly what you think you want even if the advice is not necessarily in your best interest (much like a waiter). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

127 The shocking risk of term deposits

Sun, 03 Jan 2021 19:45:00 +0000

You are fighting a losing battle if you believe that protecting your principal is the goal; you should be focusing on protecting the growth on the income your income produces.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

126 Tax planning for show, behavioural advice for dough

Wed, 30 Dec 2020 19:45:00 +0000

It's easy to think that financial advisers only crunch numbers to come up with a complex financial plan suited for their clients. In reality, a large part of being a financial adviser is the behavioural advising side. It's all well and good to be able to write up a technical plan for a client, but if we aren't able to remove bad habits and develop good ones, there will be no point providing the client with the plan. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

125 Goal focused, long-term and planning driven

Sun, 27 Dec 2020 19:45:00 +0000

Focusing on the long-term goals, can make life in the investing world a lot easier. It allows you to keep on track with your plans and prevents you from making any rash decisions that may come with short-term issues (such as market volatility). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

124 Own companies forever and live off the dividends

Wed, 23 Dec 2020 19:45:00 +0000

Imagine being a part owner of some of the greatest companies in the world and earning an income from them with little to no work. This is the beauty of owning shares in some of the greatest companies in the world.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

123 Protect purchasing power not principal

Sun, 20 Dec 2020 19:45:00 +0000

In this episode, Dallas and Michael discuss the importance of protecting the purchasing power of your retirement savings. As we all know, inflation is a very real thing, and the $1 that you spend this year will be worth waaaaay less in the future. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

122 FAQ - Are you owned by a big corporate?

Wed, 16 Dec 2020 19:45:00 +0000

The simple answer is no. In this episode, Michael and Dallas discuss why Money Over 50 Financial Advisers (previously Lighthouse Financial Advisers Townsville) isn't owned by big corporate and why it never will be. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

121 FAQ - Are they going to put me in a product they get a kickback from?

Sun, 13 Dec 2020 19:45:00 +0000

Dallas and Michael discuss the legality of "product kickbacks" and talk about why they never accepted kickbacks, even before they became illegal. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

119 The 2 biggest problems with our retirement system

Sun, 06 Dec 2020 19:45:00 +0000

Michael and Dallas discuss why the biggest problems with our retirement system actually involve us as individual Australians such as:

We believe it is something that the government takes care of.
1. Because super is a legislated 9.5% on your wages.

Apathy by individuals. Disinterest in our retirement.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

118 Retirement planning risks - Legislative risks

Wed, 02 Dec 2020 19:45:00 +0000

Legislative risk is the risk that if legislation were to change it would have a significant negative effect on your investments / retirement savings. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

117 Retirement planning risks - Liquidity risk

Sun, 29 Nov 2020 19:45:00 +0000

One of the risks involved with retirement planning is "liquidity risk". Liquidity is the ability to be able to turn an investment into readily available cash, an example of an illiquid asset is property. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

116 FAQ - What if I disagree with what the adviser says?

Wed, 25 Nov 2020 19:45:00 +0000

This episode focuses on the frequently asked question of "what if I disagree with what the adviser says?". Michael and Dallas discuss the importance of collaboration and communication in financial planning. The client has every right to disagree with certain things and it is up to the adviser to discuss the trade-offs between a client's decision and figure out a plan that is most suitable to their goals.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

115 Why elections don't affect companies prices in the long term

Sun, 22 Nov 2020 19:45:00 +0000

Michael and Dallas discuss elections and why they do not have an affect on the price of companies in the long-term. Of course individual companies can be affected, but overall the long-term health of a company will usually not be affected. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

114 Simplicity is best

Wed, 18 Nov 2020 19:45:00 +0000

When it comes to handling superannuation, simple is best! Simple strategies actually work and when a financial plan becomes over complicated, not only does it make the plan harder to follow but it can also create negative value (think, an unnecessary SMSF). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

113 Owning an index fund is like picking the 6 best batsman

Mon, 16 Nov 2020 19:45:00 +0000

In this episode, Dallas and Michael discuss index funds explaining their pros/cons and why they prefer to invest using index funds. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

112 Diversity leads to better decision making

Wed, 11 Nov 2020 19:45:00 +0000

Michael and Dallas discuss diversity and how it can lead to better decision making through different experiences, knowledge, point-of-views etc. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

111 The difference between gold, property and companies

Sun, 08 Nov 2020 19:45:00 +0000

Michael and Dallas discuss the differences in value and price changes between gold, property and companies. A bar of gold may be worth more now than it was in the past, but it is still just a bar of gold; a Woolworths share, however, is worth much more not just because of a price shift but because Woolworths has moved from just a few stores to hundreds (increase in value).

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

110 Retirement planning risks - Sequencing risk

Wed, 04 Nov 2020 19:45:00 +0000

Another one of the retirement planning risks... sequencing risk. Sequencing risk is the risk that your withdrawals of your retirement savings are done at the wrong time, causing an undesirable effect to your retirement savings future returns. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

109 Retirement planning risks - Business risk

Sun, 01 Nov 2020 19:45:00 +0000

Another type of risk involved in the world of investing... business risk. Dallas and Michael discuss how the value of a particular company can fall and steps you can take to avoid this from happening. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

108 FAQ's - Are they going to stop me spending money?

Wed, 28 Oct 2020 19:45:00 +0000

This frequently asked question has Michael and Dallas discussing what it is they really do and why they prefer to have their clients living a sustainable lifestyle that can continue on throughout their retirement instead of saving way more or less than necessary. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

107 Retirement risks - Market risk

Sun, 25 Oct 2020 19:45:00 +0000

This episode discusses one of the more commonly known and feared retirement risks... market risk. The team also explain how the fear of this risk can also cause people to make the wrong decisions when regarding their investments. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

106 "No" is a complete sentence

Wed, 21 Oct 2020 19:45:00 +0000

This episode has Dallas ranting to Michael about why the answer "no" is more than enough reasoning to decline something. This topic focuses on why it is important for someone saving up for retirement to say no and not feel the need to explain themselves all the time. You have a goal and saying "no" will help you reach that goal.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

105 The give-up, get-back ratio

Sun, 18 Oct 2020 19:45:00 +0000

This episode explains how giving up a relatively small amount of money per week can yield many multiples once you have retired. Give-up X-amount and Get-Back 3x or more!

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

104 Retirement risks - Purchasing power risks

Wed, 14 Oct 2020 19:45:00 +0000

This is one of the more underrated, yet important, risks that needs to be taken into account when planning for retirement. This risk is dangerous because it happens slowly through the effects of inflation; now that we are living longer, these effects are much more profound.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

103 Listener questions - Small business tips and traps

Sun, 11 Oct 2020 19:45:00 +0000

Another listener question, this one coming in from Kerry! Michael and Dallas discuss some of the tips and traps involved in owning a small business when it comes to setting yourself up for retirement. An incredibly common example of this is not paying yourself any superannuation.

102 FAQ - Who are your clients?

Wed, 07 Oct 2020 19:45:00 +0000

Michael and Dallas elaborate on the frequently asked questions by prospective and current clients. This particular episode discusses the types of clients Dallas and Michael take in and some of the more common aspects of clients of Lighthouse Financial Advisers.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

101 The highest likelihood of enough vs the highest expected value

Sun, 04 Oct 2020 19:45:00 +0000

If you had the choice of investing in a way that gives the highest likelihood of $2,000,000 in retirement OR invest in a way that gives you a 50/50 chance of having $3,000,000 or $1,000,000 at retirement, which would you choose?

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

100 5 luxury goods in retirement

Sun, 27 Sep 2020 19:45:00 +0000

This episode discusses 5 luxury goods people have while in retirement, but usually do not realise why it is a luxury. These 5 things are: having more than 10% in cash; owning your own home; having a spare room in your residence; having 2 cars; overseas travel.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

099 A look back: Almost 100 episodes

Fri, 25 Sep 2020 01:49:00 +0000

100 episodes for the Money Over 50 podcast! Michael and Dallas have enjoyed being able to provide valuable information to their listeners and are eager to keep on going. This episode will highlight some of their favourite episodes ever recorded, while discussing some of their most important points. We thank you all for tuning in! For all listener questions/feedback, please contact the team at podcast@mo50.com.au

098 Why depreciation is a real expense, not just a tax deduction

Thu, 24 Sep 2020 19:45:00 +0000

Depreciation is what happens when an asset loses value over time. Some may see depreciation only as the tax deduction that they can claim, but fail to realise that depreciation is really there because the asset in question is dropping in value (through things like wear and tear).

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

097 How to give money to your kids

Mon, 21 Sep 2020 19:45:00 +0000

The last episode discussed when it is a good time to give some money to your kids. This episode goes into detail on how you should be giving money to your kids to ensure you are acting in the best interest of both yourself and your kids.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

096 When to give money to your kids

Thu, 17 Sep 2020 19:45:00 +0000

Dallas and Michael discuss the topic of giving money to your kids and give examples of situations that really work well and times that don't necessarily work well.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

095 Why I decided to rent again and why most retirees should

Mon, 14 Sep 2020 19:45:00 +0000

On this episode, Dallas discusses with Michael why he has decided to rent again instead of buying his own home and explains why his reasoning sits in line with those a retiree should keep in mind. It all comes back to trade-offs and the lifestyle you truly wish to have in retirement.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

094 Listener Questions: Selling property now vs at retirement

Thu, 10 Sep 2020 19:45:00 +0000

A fantastic listener question coming in from Mike, asking Dallas and Michael to discuss his some options in regards to his situation. This topic explores the situation those who have most of their retirement savings tied up in investment property and the options that they have to help secure a comfortable retirement using Mike and his wife Jannene's situation as an example.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

093 Definition of a financial adviser

Mon, 07 Sep 2020 19:45:00 +0000

Dallas and Michael discuss what it is that a financial adviser actually does for their clients. The role of guidance and direction is just as important as the technical-know-how.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

092 Why we can only take on 50 more clients

Thu, 03 Sep 2020 19:45:00 +0000

This episode provides some background on the Money Over 50 podcasters, diving into what their business actually looks like in terms of size.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

091 Profit first - Part 2 Logistics

Mon, 31 Aug 2020 19:45:00 +0000

This episode discusses the logistics of "profit first" and how you can put the theory into place in your household.

Reference: Book "Profit First" by Michael Michalowicz

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

090 Profit first - Part 1 Theory

Thu, 27 Aug 2020 19:45:00 +0000

This episode discusses the theory of "profit first" Revenue - Profit = Expenses and why it is better than the old way of thinking of basing your profits off your revenue and expenses Revenue - Expenses = Profit (Michalowicz, 2017). The theory was originally based at a company level, but has been adapted by Michael and Dallas to suit a household.

Reference: Book "Profit First" by Michael Michalowicz

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

089 Investing in one company is like a day at the races

Wed, 26 Aug 2020 00:58:24 +0000

We know that when betting on a 'sure-thing' racehorse, there is still a large chance that it won't win and you'll lose the gamble. But when it comes to investing in a single company, people struggle to see that it very similar to a gamble. The gamble can be educated, but there is still a very real risk of you losing.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

088 Turning $100 per week into $100,000

Mon, 17 Aug 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas discuss how a big of a difference a regular investment of $100 can make to your future savings. Have a look at your expenses, is there a spare $100 that is being spent each week on something with little to no value that you could invest instead?

087 What to do after you make a mistake

Thu, 13 Aug 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In life, you'll find yourself making mistakes often and it is no different in the world of investing. But, it is the lessons learnt and the decisions made afterwards that can make a positive impact on your plans.

086 Retirement planning is a series of sprints not a marathon

Mon, 10 Aug 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas discuss the importance of looking at the short term objectives and doing the best you can do during those periods. Focusing on your short term objectives can help make that long term goal become more achievable.

085 Making decisions based on a plan or fear

Thu, 06 Aug 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode has Dallas and Michael discusses the troubles that can be involved when making financial decisions that are influenced by your fears.

084 Taxes in retirement

Mon, 03 Aug 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas discuss a number of different types of taxes involved in retirement, revealing the most tax effective ways to use your money during this time.

083 Why it's not as easy as just buying shares while they're cheap

Thu, 30 Jul 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael explain how successful investing is not just about buying shares at a cheaper price. To become a successful investor, it is more likely the long term plan that you follow will do you more good.

081 5 legal loopholes to take advantage of (Version 2)

Mon, 27 Jul 2020 19:45:00 +0000

Please note, this episode is the 2nd version as the original file had multiple audio glitches.

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode reveals 5 legal loopholes/tax-savings that you can use in order to maximise your retirement savings!

082 Listener Question: When to seed 1-2 years worth of income needs in retirement

Mon, 27 Jul 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This listener question gets Michael and Dallas discussing some of the time frames one might look at when it comes to moving some of their retirement savings into cash. It might not be the answer you have been lead to believe!

080 No boundaries

Thu, 23 Jul 2020 22:30:56 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas discuss how the current day and age makes the possibility of providing financial advice to people outside of Townsville so much easier. They emphasise the fact that their clients who live outside of Townsville or Queensland still receive the same quality of financial advice as a Townsville resident would. There are no location boundaries in Australia when it comes to financial planning with Lighthouse Financial Advisers.

079 Listener Question: Low income earners

Mon, 20 Jul 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The first of our new "Listener Question" episodes has Michael and Dallas discussing the importance of building your retirement savings even as a low income earner. They reveal strategies and tips that can help these low income earners maximise their retirement savings as much as possible.

078 No such thing as no risk

Thu, 16 Jul 2020 23:32:06 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In this episode Michael and Dallas discuss how being a risk-averse investor doesn't get rid of risk for you as an investor. Instead, you create a trade-off and shift that risk over to a different area.

077 What does "keep some powder dry" mean?

Wed, 15 Jul 2020 05:56:33 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas discuss the importance of being in a position to meet living expenses and unexpected costs when things change, without needing to sell down your investments at discounted costs. Dallas emphasises that it does not mean for you to hold off investing to try and time the market.

076 What matters and what doesn't matter

Thu, 09 Jul 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Financial planning is all about trade-offs, and a lot of the time people don't understand the ramifications their financial actions can make. Having an understanding of what matters and what doesn't can help you see the big picture.

075 Case study - 4 years from retirement

Mon, 06 Jul 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode looks at a case study for a stereotypical client couple of Dallas'. Using their example to highlight the importance of having a viable retirement plan and taking the steps needed to achieve it.

074 Willpower is a myth

Thu, 02 Jul 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

When it comes to saving money a lot of people think that it's their willpower or lack thereof that dictates how much they save. But in reality, it's a persons processes and habits that actually make the difference.

073 Hybrid Vigour

Mon, 29 Jun 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

It is said that when breeding cattle, especially in North West Queensland, you want the base of your cattle to be a tough breed (Brahman) that can withstand drought and low nutrition, and you want a softer British breed (Charolais) to go over those cows. The theory is that the progeny of that first cross will be better than both original parents, and would be better than the offspring of a cross bred cow and bull. This is how we look at the way our clients money should be invested, where short-term and long-term money should be separated in different asset classes and not mixed together.

072 What scares you about retirement?

Thu, 25 Jun 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

When coming into retirement a lot of questions may run through the heads of the near retirees both consciously and subconsciously. These thoughts can be associated with financials, or even just wondering what you are going to fill your time with.

071 3 immediate changes you can make

Mon, 22 Jun 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael share 3 common strategies that they use with new clients to help them reach their retirement goals. These immediate changes can also be put into place by you, the listener.

070 Lack of financial doing is like me not going for my medical tests

Thu, 18 Jun 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Creating the plan is all well and good but without any action being taken, the plan doesn't mean too much. We are lucky enough to have Kylie, our Director of Financial Doing, and she is the one who gets things done.

069 Why we only take on new clients over 50

Mon, 15 Jun 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

At Lighthouse Financial Advisers Townsville we pride ourselves in being retirement specialists, focusing on people over 50. This episode dives into our reasoning as to why we decided to focus our time on these people.

068 Claiming your $10,000 tax refund

Mon, 08 Jun 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode discusses the importance of utilising the concessional contributions cap each year, and the new carry forward rule which allows you to make use of missed concessional contributions from previous years.

067 Covid-19 Update: Wind in our sails

Sun, 07 Jun 2020 22:57:17 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

It has been 3 weeks since our final Covid-19 update, but after seeing such positive movements in the financial market recently, we thought it would be good to discuss how the world has finally got some wind back in its sails.

066 Case study - 10 years from retirement with job changes

Thu, 04 Jun 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Another real-life case study on a client couple of ours who achieved their retirement goals even with job changes happening late in their working life.

065 Case study - Travelling each year and then semi-retiring at age 58

Mon, 01 Jun 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This case study focuses on the retirement plans and outcome of a single woman who wanted to be able to retire early and still have the ability to travel each year up until retirement, retaining a good balance of life.

064 Investing is the worst form of retirement planning excepting for all others

Thu, 28 May 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode discusses why investing in growth assets is not a perfect form of retirement planning, but compared to the other forms it is the best way.

063 Why you should make personal contributions to super instead of salary sacrificing

Mon, 25 May 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael discuss two different methods of maximising your concessional contributions in order to increase your tax savings, explaining why they prefer claiming a deduction on after-tax personal contributions to salary sacrificing.

062 Hand up VS Hand out

Thu, 21 May 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Providing hand outs to your adult children is not necessarily in the best financial interest of either parties. But there are ways to 'hand up' this money to benefit the receiving party and not cement bad financial habits.

061 When to sack the coach (Financial Adviser)

Mon, 18 May 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In this episode we discuss different examples of when it is/isn't suitable to leave your current financial adviser.

060 Final Covid-19 update

Sun, 17 May 2020 00:48:03 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode is the last of the weekly Covid-19 episodes that were keeping you in touch with what's happening in the financial markets during this time.

059 You can't take away risk, you can only shift it

Mon, 11 May 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas discuss risk and how changing your investment plan to reduce market risk (volatility) is simply shifting your risk over to somewhere else i.e. possibility of running out of money due to purchasing power risk.

058 Covid-19 Update: 24% off everything

Sat, 09 May 2020 03:55:09 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This week has seen some easing of restrictions and plans for more to lift in the near future. We are still in discount territory for investing, with the market being down 24%.

057 What is an account based pension?

Fri, 08 May 2020 01:01:02 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The term account based pension can confuse a lot of retirees, in this episode we aim to break it down for you in a way that you can understand.

056 Why we say companies instead of shares

Mon, 04 May 2020 22:01:24 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In this episode, we discuss why we have decided to utilise our language to remind our clients that they are invested into companies and not just a number on piece of paper.

055 Covid-19 Update: Up 5% Mon-Thurs, then down 5% Friday

Sat, 02 May 2020 08:22:22 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The week started off well with a 5% rise in the market to start it off, but by Friday it went back down to where it started at the week at 27% off everything. This is volatility at its finest.

054 Fear of loss Vs. Fear of missing out

Tue, 28 Apr 2020 00:07:18 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In the world of investing there are two major types of fear: the fear of loss, and; the fear of missing out. It would be safe to say that as investor's we have all felt these fears in some instance.

053 Covid-19 Update: 27% off everything

Sat, 25 Apr 2020 06:56:47 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode is another update on the financial world during the Covid-19 pandemic. You can see the pattern in our terminology; seeing the low market values as an opportunity instead of issue, can do wonders for your retirement planning.

052 How to add $500,000 to your superannuation balance

Thu, 23 Apr 2020 13:14:31 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Adding half a million dollars to your retirement savings may seem like a foreign thought during times like these (Covid-19). However, we'll discuss why having a well thought out and executed plan can help you achieve that.

051 Why moving your super into cash could cost you $250,000

Mon, 20 Apr 2020 21:23:34 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Moving your super into cash may feel like a safe move because you avoid the worries caused by volatility, but in reality, it opens up a whole new risk and can have a negative impact on your retirement savings.

050 Covid-19 Weekly Update: 23% off everything

Fri, 17 Apr 2020 22:49:52 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The Australian market is still on sale for those wanting to invest, now sitting at 23% under it's previous high. On top of that, the S&P 500 (top American companies) is down by only 17% even though they have a large and very serious threat with Covid-19.

049 Why a residential investment property is the worst asset to own in retirement

Wed, 15 Apr 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In this episode Dallas and Michael discuss owning residential property in retirement, and highlight the many negatives that come with owning this type of asset.

048 What does a 30% , 40%, and 57% drop feel like - Part 3

Sun, 12 Apr 2020 01:45:12 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The final part of this series focuses on the recovery from the GFC (2009 to now).

047 Covid-19 Weekly Update: 25% off everything

Sun, 12 Apr 2020 01:44:25 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Just recently we had done a podcast talking about the volatility caused by Covid-19 where the market was 35% down from the top; it is now at 25% down from the top. Yet we still can't predict whether it has hit the bottom or not, all we know is that there is still a "discount" on shares at the moment and it may be a great time to start planning for your future.

046 What does a 30% , 40%, and 57% drop feel like - Part 2

Fri, 10 Apr 2020 05:10:50 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The second part of this series focuses on Michael's experience during the Global Financial Crisis (2007-2009).

045 What does a 30% , 40%, and 57% drop feel like? - Part 1

Wed, 08 Apr 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The 1st part of this series focuses on the boom years (2001 to 2007).

044 Why now is a great time for retirement planning

Sun, 05 Apr 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

We're in a stressful time due to Covid-19, and the thought of retirement planning might be pushed to the back of your mind with so much going on. However, it might actually be a really good to establish or enhance your retirement plan.

043 Covid-19 Update: 30% off everything

Sat, 04 Apr 2020 02:03:43 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This is the first update of our weekly financially-related Covid-19 discussions. This episode's focus is on how a different mentality regarding the market price drops caused by Covid-19 can become an advantage to your retirement savings.

042 'When things settle down', and what that really means

Thu, 02 Apr 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

During periods of high volatility and uncertainty, it's understandable why some people want to reduce that pain by pulling their money out into cash and reinvesting it when things settle down. Unfortunately, this a quick way to crystallise your losses, therefore, losing retirement savings in the process

041 Why volatility isn't a sign you did something wrong

Tue, 31 Mar 2020 00:55:54 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Volatility is a part of every day life... When it comes to investing, it becomes apparent even more. But just as there are highs, there will be lows, it does not mean you have done something wrong

040 Cash is king

Mon, 30 Mar 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The old fashioned 'cash' method of payment for certain expenses might be a massive help with your bad spending habits. The convenience of technological advances, such as tap and go, blinds you from seeing yourself blow your budget out, but visually watching your cash go down is an excellent way to cap your expenses.

039 How to avoid a 17% inheritance tax

Mon, 23 Mar 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

When you pass away, if your money is being passed onto a non-dependant beneficiary (e.g. adult children) a portion of these funds will be taxed. Dallas and Michael discuss a way to avoid this inheritance tax.

038 Generation X turns 55

Mon, 16 Mar 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

How time flies, the first of Generation X turns 55 this year (2020). This is a significant time because this is when the thought of retirement really creeps up in someones mind.

037 What not to do about market volatility

Mon, 09 Mar 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Market volatility is an unavoidable aspect of investing in shares, but don't let your panic dictate the decisions you make.

036 Soup Nazi

Mon, 02 Mar 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode refers to the classic Seinfeld episode "The Soup Nazi" and explains why it is important for the financial planners and their clients to create and follow processes to ensure that the work that we do is done correctly and to a high standard

035 3 ways that people lose money in shares

Mon, 24 Feb 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

When it comes to building up your retirement savings, investing in shares can be really effective. However, there are things to avoid and precautions to take to ensure you don't lose money in shares. This episode looks into a few of the main reasons people lose money in shares.

034 5 reasons couples argue over money

Mon, 17 Feb 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Being in a relationship will bring forward unavoidable individual differences that may lead to arguments. Michael and Dallas discuss some reasons why couples argue over money.

033 Should you pay off your mortgage or contribute to super?

Mon, 10 Feb 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Life is full of finite resources, with money being no different. This episode explores some the decision making process needed before deciding to use your spare cash flow to pay off your mortgage or contribute to super. This ranges from interest rates to tax savings and more. There is an answer for everyone, but the answer depends on the circumstances surrounding you.

032 We don't live an extravagant lifestyle

Mon, 03 Feb 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Hearing "we don't live an extravagant lifestyle" is usually followed by a deviation to the plan or a denial in one's spending habits. Whatever your lifestyle is, and whatever you choose to spend your money on are simply the facts. The best predictor of your future spending habits is to look at what you're spending is like now.

031 What's a good investment?

Wed, 29 Jan 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas discuss the common question they receive "what's a good investment?". They discuss whether or not there is a perfect investment and how different plans may require different investment plans.

030 Making the most of the decade

Tue, 21 Jan 2020 19:45:00 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

It's a new decade! Michael and Dallas discuss a story about a couple's 9 year experience as some of Lighthouse Financial Advisers earliest clients. They use their real-life story as an example to prove that you can make a significant difference to your future retirement if you stay consistent and focused.

029 REPLAY - 015 Different ways to draw an income in retirement

Mon, 13 Jan 2020 22:44:54 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

This episode, posted in mid-July 2019, was our most popular of the year. We've decided to replay this episode for our new listeners and for our long-time followers who might be in need of a refresher. These podcasts are so enjoyable, and we're looking forward to providing some useful information for many more years to come.

Episode Description: Perhaps the biggest question to be answered as you head into retirement is “How do I draw enough income in my retirement without ever running out of money?”. Dallas and Michael discuss the various ways in which retirees can draw a consistent income during a likely 30-year retirement time-frame, along with the trade-offs that can be made, and the rules-of-thumb that work best to avoid running out of money early.

028 New Year's resolutions

Mon, 06 Jan 2020 03:11:10 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

It is now 2020, a brand new year, and here begins the wave of New Year's resolutions. Michael and Dallas give some handy tips in creating and sticking to some financial related New Year's resolutions to help you get ahead and stay ahead.

027 Financial mythbusters

Wed, 18 Dec 2019 01:35:48 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael Hogue and Dallas Davison dive straight into the world of "financial myths" discussing and/or debunking them for their listeners. Some of these common myths have stuck around for a long time and include topics such as vehicles (e.g. turn your car over every 3 years), property (e.g. you have to break into the property market early), super (e.g. you should move all your super into cash when you retire), and many more!

026 FAQ Part 3 - Do I need to sign a contract?

Sun, 08 Dec 2019 23:44:39 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au In Part 3 of our Frequently Asked Questions series, Michael and Dallas discuss the reasons as to why they don't believe in using lock-in contracts, and how continually adding value to the work they do for their clients is what they prefer when it comes to retaining them.

025 FAQ Part 2 - What information do I need to provide?

Tue, 19 Nov 2019 01:03:30 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In Part 2 of our Frequently Asked Questions series, Michael and Dallas discuss the information that clients need to bring in order for them to get a rough picture of where you currently sit, where you want to be in the future, and whether or not your goal needs to be adjusted.

024 FAQ Part 1 - What are your fees?

Tue, 05 Nov 2019 00:01:31 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Part 1 of the Frequently Asked Question podcast series, Michael Hogue and Dallas Davison discuss the big question "what are your fees?". They briefly explain common fee structures for financial advisers and provide the fee structure that they use. "Are we locked in forever?" is the next question they discuss on this episode, explaining their reasons as to why they do not believe in a lock-in contract.

023 Active management VS Index management

Tue, 22 Oct 2019 02:18:46 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas Davison and Michael Hogue discuss one of the more common debates in the world of financial planning, Active management VS Index management. They look at the pros and cons of each type, covering things such as: costs, long-term efficiency and the rarity of good active managers. The preferred method they both use is revealed and they explain why it suits them best.

022 What are you worried about?

Thu, 10 Oct 2019 00:49:36 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael Hogue and Dallas Davison discuss some of the issues that people are being told to worry about. As human beings, it is in our nature to always need to have something to worry about! But a deeper look shows that things in the economic world are going well at the moment. Topics discussed include: inflation & returns; unemployment & wage growth; the inverted yield curve; and some other worries.

021 Why 99% of people shouldn't have SMSFs

Mon, 30 Sep 2019 23:07:58 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael Hogue and Dallas Davison discuss reasons as to why owning a Self Managed Super Fund becomes a burden with increased complexity and mention some of the costs that are involved in owning one.

020 Travel in 70s with Maria Pandalai

Thu, 19 Sep 2019 01:08:10 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael Hogue invites Maria Pandalai from Travel Managers in to speak about traveling in your 70s. Maria, a professional in her industry, discusses the best locations to travel in this age bracket, the things people tend to not think about when planning a holiday, and how custom-made packages may be the best option for you. Resources:

Maria Pandalai: https://www.travelmanagers.com.au/ptm/MariaPandalai/ pandalai@travelmanagers.com.au
Michael Hogue: michael@lighthouseadvisers.com.au

019 Travel in 60s with Maria Pandalai

Tue, 03 Sep 2019 01:49:12 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael Hogue invites Maria Pandalai from Travel Managers in to speak about traveling in your 60s. Maria, a professional in her industry, discusses the best locations to travel in this age bracket, the things people tend to not think about when planning a holiday, and how custom-made packages may be the best option for you.

Resources:

Maria Pandalai: https://www.travelmanagers.com.au/ptm/MariaPandalai/ pandalai@travelmanagers.com.au
Michael Hogue: michael@lighthouseadvisers.com.au

018 Travel in 50s with Maria Pandalai

Tue, 20 Aug 2019 05:13:14 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael Hogue invites Maria Pandalai from Travel Managers in to speak about traveling in your 50s. Maria, a professional in her industry, discusses the best locations to travel in this age bracket, the things people tend to not think about when planning a holiday, and how custom-made packages may be the best option for you.

Resources:

Maria Pandalai: https://www.travelmanagers.com.au/ptm/MariaPandalai/ maria.pandalai@travelmanagers.com.au
Michael Hogue: michael@lighthouseadvisers.com.au

017 Career Change Later in Life with Cathy Boyce

Mon, 05 Aug 2019 23:23:11 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael Hogue sits down with Cathy Boyce to discuss Cathy’s story. Cathy and her husband David are clients of Michael’s. Cathy talks about how she resigned from a regular paycheque and changed career later in life, starting not one, but two businesses: Silver Fluoride CPD and Townsville Orofacial Myology “TOfM”. Cathy speaks about the benefits of the career change including: greater flexibility; the ability to be able to pick-up, put-down work; and the increased satisfaction she receives from being able to help others through these new directions. Michael talks about the challenge that a career change creates to someone’s retirement (financial) plans, but how this can be overcome through a process of trade-offs designed to achieve the ‘balance of life’. Finally, Cathy shares her plans to start a podcast (Beyond Brushing) aimed at increasing the awareness amongst consumers of overall oral health wellness.

Resources:

Silver Fluoride: www.armer.com.au and Facebook Black.diamonds.rock
TofM website : www.townsvilleofm.com.au
Cathy’s Podcast: Beyond Brushing: Optimal Oral Health Outcomes
Michael Hogue: michael@lighthouseadvisers.com.au

016 Financial stress VS Financial problems

Fri, 26 Jul 2019 03:28:16 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

You may ask “What is the difference between Financial Stress and Financial Problems?” Dallas explains what the differences are and what you can do to overcome these.

015 Different ways to draw an income in retirement

Mon, 15 Jul 2019 04:07:08 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Perhaps the biggest question to be answered as you head into retirement is “How do I draw enough income in my retirement without ever running out of money?”. Dallas and Michael discuss the various ways in which retirees can draw a consistent income during a likely 30-year retirement timeframe, along with the trade-offs that can be made, and the rules-of-thumb that work best to avoid running out of money early.

014 Should you have a budget?

Mon, 24 Jun 2019 22:13:32 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas Davison and Michael Hogue discuss how to have a budget that works for you. In particular, we look at: Whether to use a DETAILED budget or a GOALS based budget; how to automate your budget; the benefits of using pay cycle transfers.

013 The wrong people to have around you - financially

Tue, 11 Jun 2019 03:12:27 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In this episode, Dallas and Michael discuss the various “character actors” that tend to be in the play: the “Yes” woman; the man with a hammer; and the Jones’s are just some of the typical characters that influence the decisions of those around them. We discuss the things to watch out for when making financial decisions.

012 Top 5 reasons retirement plans get derailed - financial planning without financial doing

Mon, 28 Jan 2019 23:27:25 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In the final installment of this 5 part series, Michael Hogue and Dallas Davison discuss the importance of moving from planning phase to doing phase.

011 Top 5 reasons retirement plans get derailed - not working backwards

Wed, 23 Jan 2019 01:02:38 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Your hosts Dallas Davison and Michael Hogue point out how not working backwards can derail your retirement plans. This is the fourth episode in this 5 part series.

010 Top 5 reasons retirement plans get derailed - not starting today

Wed, 23 Jan 2019 00:47:33 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In episode 3 of the 5 part series Dallas Davison and Michael Hogue comment on the importance of getting started today.

009 Top 5 reasons retirement plans get derailed - leaving money on the table

Wed, 23 Jan 2019 00:43:49 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Leaving money on the table is a key reason retirement plans get derailed. In part 2 of this 5 part series, Dallas Davison and Michael Hogue discuss the ways this can be avoided.

008 Top 5 reasons retirement plans get derailed - budget is inaccurate

Mon, 21 Jan 2019 23:38:43 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The first episode in a 5 part series, Dallas Davison and Michael Hogue talk through the risks of an inaccurate budget and what this can mean for your retirement.

007 Are private school and university a good investment?

Mon, 21 Jan 2019 05:01:28 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael pontificate over the cost of private school and university for your children and look at alternatives of spending (assumed) $20,000 pa. on education versus adding this amount to your children’s superannuation funds. This podcast is a bit of fun in that there is certainly no right or wrong answer.

006 How much will I spend in retirement?

Mon, 21 Jan 2019 04:45:54 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

One of the common mistakes that Dallas and Michael see with aspiring retirees, is that they have an inaccurate estimate of how much they will spend each year in their retirement. Most often than not, people underestimate how much they will really spend leading to less than ideal outcomes. The podcast discusses three ways to make a more accurate estimate.

005 Can we do this on our own?

Wed, 16 Jan 2019 00:04:23 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael discuss the common attributes of people who tend to need help with planning for their retirement:

don’t have the time to do the research.
don’t have a ‘head for numbers’.
don’t want to, or don’t enjoy, working on their finances.
don’t have a good understanding of our taxation system.
don’t have a good understanding of super legislation.

004 What super fund should I be in?

Wed, 16 Jan 2019 00:04:20 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael discuss how this common question is not actually the best question to ask. Other questions to ask that will have a larger impact are: What types and amounts of contributions should I be making to super?; What asset allocation and investment strategies should I be choosing inside my super fund?; Am I on track to have enough to retire?; What should my expectations for retirement income be?

003 Drive a $15,000 car to draw an extra $717,000 in retirement

Tue, 15 Jan 2019 06:52:04 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Michael and Dallas discuss a strategy whereby driving a lower-cost car during the last 15 years of your working life, and contributing what you would have spent in car repayments to your superannuation fund, can allow you draw an additional $30,000 pa. each year for the first 24 years of your retirement. Resulting in extra income drawn in retirement. How many great memories could be created with $717,000 of extra dollars to travel with? VS The fading memory of the “new car smell”.

002 Semi-Retirement vs Retirement

Tue, 15 Jan 2019 06:37:30 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael talk about the generational shift of aged 50's and 60's seeking career changes. Often changing to a part-time role that they are super passionate about. With increased job satisfaction, reduced stress levels, and a newfound purpose, these career changers often work in semi-retirement beyond the traditional retirement age of 65. The podcast explains how taking a pay-cut can actually benefit someone who finds a new part-time job that they are happy doing beyond age 65.

001 Downsizing your home, instead of your lifestyle

Tue, 15 Jan 2019 06:05:41 +0000

For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Dallas and Michael talk about the three main options that you have for your family home in retirement: keep; downsize; or rent. These options are compared with the pro’s and con’s of each. The podcast explores how downsizing your home would ideally lead to an increased retirement income of at least $10,000 pa. and looks at the optimal sequence to downsizing.