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This is an all inclusive podcast for Australian investors. Join Blue Wealth’s Senior Education Specialist, Owun Taylor in conversation with industry experts, leaders, and thinkers about what it takes to be a clever and more successful investor. A weekly podcast serving up the easiest-to-understand finance program. Delivered in bite-sized chunks, meaning no episode is ever more than 20 minutes.
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Australia’s inflation, how prices for things go up, slowed down a lot in October. People didn't spend as much money, so it's less likely the Reserve Bank will increase interest rates, which affects how much it costs to borrow money. The cost of living, or the average prices for things, went up by 4.9% over the past year. That's slower than the 5.6%…
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In the world of sports and finance, the journey from being a high-level professional athlete to using the skills learned to create wealth is a fascinating paradigm. The desire to win: Both paths require dedication, resilience and strategic thinking, but each offers distinct challenges and rewards. High-level professional athletes often measure succ…
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Christmas is a time of joy and celebration, but for many it can also be a financial challenge if you're not well-prepared. To ensure your holiday season is filled with merriment rather than money worries, here are five financial tips to help you better prepare for an Aussie Christmas. Create a Christmas Budget: One of the most effective ways to pre…
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Dictionary definition: lottery ~ noun a means of raising money by selling numbered tickets and giving prizes to the holders of numbers drawn at random. a situation whose success or outcome is governed by chance. Winning the jackpot in lotto might seem like a stroke of luck, but have you considered the post-lottery experience? You allegedly have a 1…
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Superannuation was introduced to Australia in 1992 through the Superannuation Guarantee (SG) system. This landmark reform mandated that employers contribute a percentage of their employees' earnings to a dedicated retirement savings fund. Superannuation has since become a critical pillar of Australia's retirement income system, ensuring financial s…
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Over ten years ago, when SMSF property lending started, the highest loan you could get was $500,000. Back then, house prices were lower, and this type of lending was new. But now, SMSFs are the second biggest superannuation asset class in Australia. We got Strachan Taylor from Helia back on this weeks show, because Helia thinks that SMSF property l…
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Just like a football team adjusts its game plan throughout the season to achieve victory, it's essential to understand the importance of changing your personal financial goals over time. Just as no two games are the same, the financial journey you embark on is influenced by many variables. In this article, we'll explore how your financial goals can…
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Buy now or wait and save? Lenders Mortgage Insurance (LMI) has been a big help in letting people who want to own a property get started with less money for a down payment. It all began in 1965 when the government made a plan to give insurance for home loans that covered up to 95% of the home's cost. The idea was to make it easier for people, especi…
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Prepare to decode the enigma of superannuation with our latest podcast show, as we go Unravelling the the Mystery and find out the answer to the question, Is it Designed to Baffle?" In this episode, we're thrilled to welcome a special expert guest, Tyron Mitchell, founder of Orange & Bathurst Financial Planning. Tyron brings over two decades of fin…
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Gen Z, refers to the generation of people born between 1997 to 2012. This means, the oldest Gen Zs would be 26 years old, and the youngest would be 11 years old. Dr Tony Hayek is back with us this week. As this podcast was being recorded the rest of the office was putting the finishing touches to an education event aimed at showing Gen-Z (and their…
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Before 1966, Australia used a currency system that might seem to be puzzling for us today. Instead of the dollars and cents we're familiar with now, they used pounds, shillings, and pence. This system had its roots in British traditions, but as times changed, it became clear that a switch to decimal currency was necessary for various practical reas…
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You would have heard the word depreciation, but what does it mean? It's a slow change in value that happens to things over time. Depreciation affects both cars and property, but in different ways, especially in Australia. When you buy a brand-new car and drive it out of the showroom, it's no longer considered "new". Cars lose value as they get olde…
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Have you ever wondered where all the numbers and facts about Australia come from? Well, a big part of that job is done by the Australian Bureau of Statistics, or ABS for short. A treasure trove of information: Imagine you're curious about how many people live in Australia, how many babies are born each year, or how many people have jobs. The ABS is…
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"If I had asked people what they wanted, they would have said faster horses." Henry Ford 1863-1947 Founder Ford Motor Company Henry Ford is a pioneer of the automobile industry, he was the founder of Ford Motor Company and chief developer of the assembly line technique of mass production. His statement holds a profound lesson in innovation and visi…
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On this weeks show we have a blunt chat about how putting things off can totally mess with our quest for wealth. Procrastination comes to visit all of us from time to time. It’s the act of delaying or postponing tasks despite knowing their importance. It’s often due to avoidance from a lack of motivation or time mismanagement. If left unchecked it …
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When it comes to property investing, the journey can be both exciting and financially rewarding. However, navigating the intricate landscape of real estate and finance requires more than just blind enthusiasm, it demands a team of professionals who specialise in various aspects of the process. From property researchers and mortgage brokers to finan…
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“The investor’s chief problem and even his worst enemy - is likely to be himself.” Benjamin Graham was a British-born American economist, professor and investor and one of the granddaddy's of modern day economics theory and thought. The two main emotions we have are fear and greed – this is why some people are motivated by either the carrot or the …
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Welcome to the podcast! Tax time always fun and while property investors are often happy with the potential tax credits they can get, it's becoming a horror show for accountants with the increasing workload. Today, we'll discuss some essential tips to stay on the good side of the Australian Taxation Office (ATO) and avoid potential penalties. The A…
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Borrowing power refers to the amount of money a lender is willing to lend you for various purposes, it can be anything from buying a house, your investment property, a new car, a business, sofa or just about any other financial need. The borrowing power is determined based on several factors and the exact process may vary depending on the type of l…
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In a momentous announcement, the Australian federal government has officially confirmed the appointment of Michele Bullock as the new Governor of the Reserve Bank of Australia (RBA). Scheduled to take office in September, Bullock will be the first woman to hold this prestigious position in the RBA's history, marking a significant milestone for gend…
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The RBA's decision to keep interest rates unchanged at 4.1% was a welcome relief. If we consider the CPI from January to May on an annualized basis, it is now below 2.8%. Additionally, there are still 12 previous rate hikes that have not fully impacted the economy. Over the 12 months leading up to May 2023, inflation has significantly decreased fro…
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Once upon a time in the bustling city of Prosperis, there lived a young and ambitious woman named Lily. Lily worked diligently at ‘Big City Corporation’, where she dedicated long hours to her job. However, Lily had a burning desire to create wealth for herself and pursue her dreams of building a property portfolio. One day, as she sat at her desk c…
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In the age of abundant information, the temptation to embark on self-directed research on unfamiliar subjects is high. However, there are inherent risks and limitations to solely relying on self-conducted research when delving into topics one lacks expertise in. This weeks podcast takes a peek into the pitfalls of relying solely on self-research an…
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We all remember our first time... The First Home Buyer Assistance Scheme is a government initiative in New South Wales, Australia, that provides financial support to eligible first-time homebuyers. It includes benefits such as grants, exemptions, and concessions on stamp duty to help make homeownership more accessible and affordable for first home …
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After a long day battling away at work, fighting the good fight you get home and find your place of solitude on the sofa, flopping down and switching on the TV. Those noble news readers, with pearly white teeth and perfect hair give you updates on everything that’s been going on out in the mad, mad world. In amongst the whirlwind tales of stock mar…
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Property investment is a significant financial decision that requires careful consideration and analysis. Engaging in thorough research before making investment decisions is crucial to ensure informed choices and maximize potential returns....or is it?? This weeks podcast has special guest Dr Tony Hayek, founder and CEO of Blue Wealth Property who …
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Tax is a compulsory financial charge that is imposed by all the governments on us, the people, the individuals, the businesses, The reason is quite simple, its to fund public expenditures and services. It is typically levied based on income, profits, property, transactions, or goods and services. Government have no spending money without it so fail…
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We have seen recent interest rate increases and last week we have finally seen several lenders begin lowering their serviceability assessments rates for certain borrowers This is all in a bid to help more customers refinance. We talked a while ago about how many fix rated home loans are expiring this year Over 800,000 loans are coming off some love…
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King Charles III has inherited his mother’s wealth worth a combined £17billion. The vast majority of this wealth has been passed down over nearly 1000 years rather than being created by the current generation. It consists almost entirely of centuries-long ownership of land and property across the country and even the seabed around the British Isles…
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Eggs are a symbol of new life, fertility, and in many traditions a sign of rebirth. In some cultures, eggs are associated with spring and the renewal of nature, while in others they are seen as a symbol of creation in the cycle of life. In religious contexts, eggs sometimes represent spiritual renewal or resurrection. Eggs are also a extremely rich…
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My Father taught me to drive, a tale about the importance of getting the correct education. When I turned sixteen, I got my learners’ permit and my father, like so many dads before him, was given the duty of taking me out on the road for driving lessons. I love my dad, he’s always done his best for me. But I was unfortunately asking him to do somet…
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A property manager is a professional who manages real estate properties on behalf of you, the owner. Their role is ensuring the property is well-maintained and generating income through rental or lease agreements. However there are plenty of mistakes that a property manager can make, but some of the most common ones include: Failing to properly scr…
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Rentvesting is a popular strategy for those who want to build wealth through property investment without sacrificing their preferred lifestyle or location. Essentially, it involves renting a property to live in while also owning one or more investment properties that are rented out to tenants. One of the main advantages of rentvesting is affordabil…
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Offset accounts are a type of bank account that can be linked to a mortgage, allowing the balance of the account to be offset against the outstanding balance of the loan. This can help to reduce the interest charged on the loan, as interest is only calculated on the net balance of the loan after the offset is applied. When used correctly an offset …
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The great mysteries of Repayment frequency Congratulations, you’ve bought that property, your loan is approved and you are now looking at the loan documents. Staring back at you from the pages of the mortgage are all the repayment options and they want to know how often you are going to pay them What do you pick? Weekly, fortnightly, half monthly….…
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CPI, The consumer price index You will see and hear it abbreviated to C.P.I. This is the instrument used worldwide to measure inflation. It is pretty much the main inflation report for the futures and financial markets. Any unexpected rises in this indicator usually lead to falling bond prices, rising interest rates, and increased market volatility…
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Basically, you buy and asset for one price and sell it for another price, the difference between the amounts is your capital gain or if you didn’t make any profit, that’s a ‘Capital Loss’.When we sell an asset, such as investment properties, shares or a business this triggers what’s called a ‘Capital Gains Tax event’Let go back in time and have a l…
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With the rises in the cost of living our eyes look towards our bank accounts and the money we have going in and disappearing out. If you've got some equity in your home, so why not roll all those little annoying debts, like the car loan, personal loans and credit cards into the home loan account? On the surface this makes great sense doesn't it. Yo…
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I have been teaching adults how to do grown up things for over 29 years and whenever its around investing in property I tell them not to get emotional abut it.....but. I recently read an article written by Fiona McGovern, Head of Client Services at Blue Wealth Property, "Getting emotional about your investment property" and its changed the way I pr…
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With around 97 banking companies offering hundreds and hundreds of differing mortgage products it’s no wonder it makes you dizzy trying to find an ideal solution to fit all your needs. Every day the lenders marketing departments swing into action, bombarding your brain with incentives – be it low advertised mortgage rates, seemingly huge discounts …
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Are you one of the eight hundred thousand Australian mortgage holders that have a fix interest rate ending this year?? Those 800,000 mortgages are going to need something doing to them, if you don't you are going to be paying your current lenders full standard variable rate....and don't think its all too hard to do and be silly about it. There is n…
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With property prices rising across all markets and interest rates starting to rise up, there will still be plenty of Australians questioning whether it’s the best time to sell and upgrade into a bigger home, or do they renovate their existing home. While upgrading into a bigger and better home is quite often a simpler and more efficient solution – …
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During the early stage of the pandemic years, while the cash rate and therefore the home loan interest rated where coming down, so where fix rates. I have friends that snapped up rates under 2% for 2 or 3 years. Research tells me its estimated that around 46 per cent of all home loans in July 2021 were fixed rate loans. The RBA said recently that i…
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“Life is inherently risky. There is only one big risk you should avoid at all costs, and that is the risk of doing nothing.” Denis Waitley Everything we do in life involves some risk. A high-risk activity that, for the large part, is taken for granted every day is driving our cars. Over the last two decades, we have seen an enormous leap in the num…
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When we are buying a property, we inevitable need to choose a mortgage and we are faced with so many different features. But the most common question you’ll be asked when setting up investment property finance is “do you want Interest-Only or Principal & Interest repayments?”. For some of you this might well seem like such a basic question and be q…
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Lets get going and launch into 2023 and remind ourselves the reasons to invest. For some its building long-term wealth, paying off that home mortgage or a better lifestyle later on. Maybe you just don't know why. Are you going to use property, gold, shares? The worlds banks recognise that property, especially residential property is the lowest risk…
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Over the next few days, while struggling to reinvent what we can do with the remaining 9 kgs of Christmas ham, we also need to start neatly folding up 2022, ready to pop it in our box of memories. What might lay ahead of us in 2023 is for the main part up to us individually. We can sit back and let it happen around us or run, jump or skip into it w…
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The term 'Gearing' is when you borrow money to invest, and it’s typically talked about in the context of investment properties. The income earned from your investment property is either positively or negatively geared. A property is positively geared when your rental return (the amount of rent you receive from your tenants) is higher than your inte…
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Population growth is a key factor that is proven to be one of the main drivers for long-term property growth. But what's been happening across this great wide land? Are we correct to think that after all these lockdowns we'll bounce back? Do all cities grow at the same rate? The ABS publish a mass of data on population forecast's and you can sit do…
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You either must save it or you must grow it. Saving is really code for super, that's the compulsory saving that you have been doing since you first entered the workforce. Money set aside to grow for that mysterious place in the distance called retirement. The only other way to bridge this Gap is to go for growth. So we'll need to use the technique …
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