Friends With Money

From finding unclaimed money to benefiting from financial advice, there’s plenty of upside to taking a curious approach to super. On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Sarah Forman, chief retirement officer at Team Super, to discuss the benefits of taking an active interest in super (and how to get started). 00:00 Introduction 01:27 Three things every super member should know 04:02 Insurance and superannuation 05:32 Practical tips for managing super 08:01 The role of financial advice 10:46 Making superannuation relatable 13:03 Conclusion #friendswithmoney #tomwatson #sarahforman #superannuation Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR *This podcast is proudly brought to you by Team Super. Sarah Forman is the Chief Retirement Officer of Team Super. Issued by Team Super Pty Ltd ABN 70 003 566 989 AFS licence 246864 as Trustee for the Team Superannuation Fund ABN 16 457 520 308. Any financial advice in this podcast does not take into account your financial situation, needs or objectives. Before acting, consider if the information is right for your needs and circumstances and read the relevant Product Disclosure Statement (PDS) at teamsuper.com. The Target Market Determinations for our financial products can be found at teamsuper.com/tmd. Financial planning services are provided by Team Super Financial Advice a trading name of Team Super Services Pty Ltd ABN 49 051 315 014 AFS licence 502700 and is a wholly owned subsidiary of Team Super Pty Ltd.See omnystudio.com/listener for privacy information.

After a shock bid pushed Santos shares up 27%, podcast host Michelle Baltazar chats with investment expert Dale Gilham on why investors may be turning their sights on the appeal of Whitehaven Coal and Woodside shares. Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbRSee omnystudio.com/listener for privacy information.

Money can really complicate relationships. On this episode of the Friends With Money Podcast, hosted by Money's Vanessa Walker, writer Nicola Field discusses ways to have healthy financial relationships, even when things go wrong. They explore how to maintain healthy financial relationships, the realities and statistics of marriage and divorce in Australia, and key factors like transparency, communication, and financial goals in relationships. Field emphasises the importance of financial binding agreements, managing finances together, and strategies for protecting and distributing assets and inheritances. 00:19 Exploring Money and Relationships 01:22 The Reality of Relationship Longevity 02:34 Positive Financial Signs in Relationships 03:27 Red Flags in Financial Relationships 04:22 Understanding De Facto Relationships 05:30 Protecting Yourself Financially in Relationships 07:15 Managing Finances as a Couple 08:41 Superannuation and Family Dynamics 10:37 Navigating Separation and Divorce 12:46 Blended Families and Financial Protection 14:59 Designing an Inheritance #friendswithmoney #vanessawalker #nicolafield #relationships Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbRSee omnystudio.com/listener for privacy information.

The 2024-25 financial year is almost over, which means tax time is just around the corner. So what can taxpayers do to prepare? On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Mark Chapman, director of tax communications at H&R Block, to discuss key tax dates, contributions, deductions, documents and more. 00:00 Introduction 00:28 Key dates for the 2025 tax season 03:08 The taxpayers under ATO scrutiny 05:39 Last-minute deductions and contributions 10:41 Preparing for the new financial year 12:15 Upcoming tax changes and final thoughts #friendswithmoney #tomwatson #markchapman #tax Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR See omnystudio.com/listener for privacy information.

In this bonus episode of the Friends With Money Podcast, Money's Michelle Baltazar talks with Janine Young, Ombudsman at Energy and Water Ombudsman New South Wales, about effective strategies to manage and reduce winter energy bills. The discussion includes insights on recent energy price hikes, understanding market contracts, and tips for finding the best energy deals. 01:43 Understanding energy price increases 04:18 Tips to save on your energy bill 06:19 Affordability programs and final tips 07:30 Conclusion and contact information #friendswithmoney #michellebaltazar #janineyoung #energycosts Story link: https://www.moneymag.com.au/how-to-get-your-energy-bills-ready-for-winter Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbRSee omnystudio.com/listener for privacy information.

Feeling stuck in your career and wondering if you should be earning more? Are there steps you can take today to boost your future prospects? This week on the Friends With Money podcast, Money's Michelle Baltazar chats with employment expert and author Roxanne Calder about how you can improve your salary and career opportunities. How to earn an extra million dollars Salary tips in your 20s, 30s and 40s Steps to a better career and salary Dig deep and apply yourself #friendswithmoney #michellebaltazar #roxannecalder #gendergap Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

On this episode of the Friends With Money Podcast, we delve into how the family home can play a critical role in retirement planning for older Australians Money's Vanessa Walker chats with Telstra Super's Rebecca Cheevers and Sophie McRae about downsizing contributions, the impact of selling your home on pension entitlements, and strategies for couples where one partner is still working. They also explore the benefits and drawbacks of reverse mortgages and the Home Equity Access Scheme for retirees. 00:15 Exploring the role of the family home in retirement 01:00 Downsizing and super contributions 03:34 Impact on age pension and financial strategies 05:54 Home equity access schemes and reverse mortgages 07:56 Using the family home for aged care #friendswithmoney #vanessawalker #rebeccacheevers #sophiemcrae #familyhome Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR *Proudly brought to you by Telstra Super Disclaimer: Rebecca Cheevers and Sophie McRae are financial advisers with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Rebecca or Sophie gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . Additionally, the scenarios discussed are based on the relevant superannuation rates and thresholds for 2024/25 and may change in future years. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au See omnystudio.com/listener for privacy information.

Market jitters got you worried? Tune into the Friends With Money podcast as Money's Michelle Baltazar and Money magazine founder Paul Clitheroe unpack recession-proof investing strategies. Discover how to safeguard your savings and investments, the power of diversification, and why a cool head can be your best asset. Paul also shares his expert perspective on historical market cycles and actionable tips for weathering economic storms. 00:20 Recession proof investing: can we protect our savings? 00:41 Market volatility and historical perspectives 02:57 The importance of common sense in investing 05:51 Global population growth and economic demand 07:42 Recession proof strategies and personal experiences 14:17 Final thoughts and practical advice Link: https://www.worldometers.info/ #friendswithmoney #michellebaltazar #paulclitheroe #recession Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbRSee omnystudio.com/listener for privacy information.

So you’re retired, what now? In this episode of the Friends with Money podcast, Money’s Michelle Baltazar is joined by Adam Nettheim, chief customer officer at Commonwealth Superannuation Corporation (CSC). They discuss the transition from traditional retirement planning to a more holistic approach, integrating both digital and human elements, early retirement coaching, and understanding the continuum of retirement. They also explore the importance of financial and emotional preparedness, the role of super funds as retirement partners, and practical advice for current and future retirees. 00:56 Exploring global retirement trends 03:18 Retirement planning for Australians 06:21 Becoming a retirement partner 11:54 Practical tips for a successful retirement Links: worldometers.info #friendswithmoney #michellebaltazar #adamnettheim #retirement Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR *Proudly brought to you by Commonwealth Superannuation Corporation (CSC)See omnystudio.com/listener for privacy information.

The current stock market is turbulent – what's the smartest way to safeguard your investments? In this week's episode of the Friends With Money Podcast, Money Magazine's Michelle Baltazar chats with Juliana Rajkovic, investment advisor at Escala Partners, about managing investment portfolios during these uncertain times. They explore the market shocks sparked by U.S. tariffs, the crucial practice of stress-testing and rebalancing, and strategies for incorporating defensive assets such as fixed income and gold. They also delve into how economic changes are influencing various asset classes, including global and Australian shares, property, and private debt. 00:00 Friends with Money podcast open 00:20 Meet Juliana Rajkovic, investment advisor at Escala Partners 01:23 Market uncertainty and volatility 02:15 Recession forecasts and portfolio rebalancing 06:37 Defensive assets and fixed income 09:37 Exploring private debt and credit strategies 11:04 Australian equities and property investments 14:47 Currency considerations and final advice 17:45 Recap and closing remarks #friendswithmoney #michellebaltazar #julianarajkovic #stockmarket Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

On this episode of the Friends With Money podcast, we tackle the confusing world of superannuation fees. Money's Michelle Baltazar talks with Daniel Shrimski from Vanguard Australia about how a lack of transparency and awareness around these fees can hurt people’s retirement savings. Shrimski shares practical tips and provides an example on how to potentially save $1,500 each year on fund fees. 00:00 Introduction 00:20 Understanding superannuation fees 00:58 Guest introduction: Daniel Shrimski 01:53 Vanguard Australia's role in superannuation 02:06 The fund with 50 million investors 03:08 The six types of super fees 06:57 Reading your superannuation statement 09:00 Pushing for transparency 11:51 Are you overpaying? 14:00 The average super fund fee 15:31 Conclusion and final thoughts #friendswithmoney #michellebaltazar #danielshrimski #supersavings Links: YourSuper Comparison Tool Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au *Proudly brought to you by Vanguard AustraliaSee omnystudio.com/listener for privacy information.

Many will appreciate the importance of retirement planning, but getting started can feel daunting. Fortunately, technology is helping to change the game. This week on the Friends With Money podcast, Money’s Tom Watson is joined by Jeremy Lack, financial adviser with TelstraSuper Financial Planning, to chat about the emerging digital tools assisting superannuation members with retirement planning. They discuss: The types of digital super tools already out there Which super members can benefit from using them Navigating investment options and risk Working out how long super will last in retirement How digital tools fit in with traditional financial advice #friendswithmoney #tomwatson #jeremylack #superannuation Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au *This episode is proudly brought to you by Telstra Super. Jeremy Lack is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au. The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.auSee omnystudio.com/listener for privacy information.

Cryptocurrency has piqued the interest of many Australians in recent years. So for those looking to access the likes of Bitcoin, is there any advantage to using ETFs over buying directly? This week on the Friends With Money podcast, Money’s Tom Watson is joined by Marc Jocum, senior investment strategist at Global X ETFs, to dig into cryptocurrency exchange traded funds and what they are all about. They discuss: Crypto ETFs versus buying directly The crypto assets available through ETFs How crypto ETFs actually work The recent performance of cryptocurrency What the future could hold for crypto ETFs friendswithmoney #tomwatson #marcjocum #cryptocurrency #ETFs Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

In this bonus episode of the Friends With Money Podcast, hosted by Michelle Baltazar, editor-in-chief at Money Magazine, the focus is on the impact of recent US tariff policies, referred to as 'Liberation Day' by Donald Trump. This week's guest, Tim Harcourt, chief economist at the University of Technology Sydney, discusses the adverse effects these tariffs will likely have on American workers and farmers, despite Trump's intentions to bolster the US economy. For Australian investors, Harcourt advises a cautious 'wait-and-see' approach and emphasises the long-term strengths of the Australian market. #friendswithmoney #michellebaltazar #timharcourt #trumptariffs Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

In this episode of the Friends With Money Podcast, Vanessa Walker, managing editor of Money Magazine, discusses insurance with journalist Ryan Johnson. They explore why insurance premiums are rising, ways to find the best value policies, and the inner workings of the insurance industry. They also highlight the winners of the Life Insurance 2025 Awards in various categories. Tune in for valuable insights and tips to help you make informed insurance decisions: 00:00 Introduction to Friends With Money Podcast 00:53 Understanding Insurance Deals 03:16 How Insurance Works 06:44 Rising Insurance Premiums 08:15 Life Insurance Awards 2025 10:29 Conclusion and Final Thoughts #friendswithmoney #vanessawalker #ryanjohnson #insurance Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

What are the top 5 mistakes people make regarding retirement? Did you know, for example, that you need to start planning for retirement a decade beforehand? This week on the Friends With Money podcast, Money's Vanessa Walker sits down in the studio with Money's super columnist Vita Palestrant to chat about the top do's and don'ts when heading into retirement. What's the biggest mistake that people make? Why is super such a great investment and tax strategy, no matter what age? Should you be worried about the risks? What strategies are there if you don't have enough? #friendswithmoney #vanessawalker #vitapalestrant #retirementmistakes Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

The price of gold has gone from strength to strength in recent few years, but can it continue on its upward trajectory? This week on the Friends With Money podcast, Money’s Tom Watson is joined by Chris Brycki, the founder and chief executive of Stockspot, to provide an update on gold prices and dig into the role gold can play in investment portfolios. How have gold prices changed in recent years? What’s driven the rise in gold prices? What role can gold play in an investment portfolio? Is there a recommended portfolio allocation for gold? Could people be missing out on gold in their superannuation? #friendswithmoney #tomwatson #chrisbrycki #gold Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Interest rates are beginning to fall, so could now be a prime time to take stock of your mortgage and consider switching lenders? This week on the Friends With Money podcast, Money’s Tom Watson is joined by Graham Cooke, head of consumer research at Finder, to discuss the latest interest rate movements and the ins and outs of refinancing a home loan. How have banks reacted to the recent RBA cut? What are the lowest mortgage rates on the market? Can negotiating with your current lender actually work? When can switching home loans be a good or bad option? How does refinancing alone differ from using a broker? #friendswithmoney #tomwatson #grahamcooke #mortgages #refinancing Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Like the idea of giving your superannuation balance a bump up, but don’t know where to start? The good news is that there’s no shortage of tactics to employ. This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rebecca Cheevers and Sophie McRae of TelstraSuper Financial Planning to run through the steps Australians can take in their 20s, 30s, 40s and 50s to put themselves in a better position come retirement. They discuss: The impact that investment options and salary sacrificing can have Whether insurance is a necessity for everyone in their 20s How couples can utilise contribution splitting Making the most of catch-up concessional contributions Using downsizer contributions as retirement nears #friendswithmoney #tomwatson #rebeccacheevers #sophiemcrae #superannuation Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au *This episode is proudly brought to you by Telstra Super. Rebecca Cheevers and Sophie McRae are financial advisers with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial planning services to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Rebecca and Sophie give is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au.See omnystudio.com/listener for privacy information.

Technological innovations are reshaping our lives, from the way we shower and sleep to how we go about purchasing property and holding assets. This week on the Friends With Money podcast, Money’s managing editor Vanessa Walker is joined by senior journalist Tom Watson to delve into the cutting-edge innovations shaping the future of finance. They discuss: The latest gadgets at home Artificial intelligence in property investment Fractional share trading Asset tokenisation Green cryptocurrency #friendswithmoney #vanessawalker #tomwatson #finance #innovation Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Buying a property for the first time can be hard enough as it is, let alone with all the myths and misconceptions out there. This week on the Friends With Money podcast, Money's Tom Watson is joined by Emily Wallace, founder and director of buyers agency Wallace Advocates, to shine a light on five major misconceptions that surround the home buying process. Is buying an apartment a smart move? Are all body corporates poorly run? Can breaking into the market really be done? Are spare rooms a ‘must have’ feature? Is it worth paying less to avoid stamp duty? #friendswithmoney #tomwatson #emilywallace #property Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au See omnystudio.com/listener for privacy information.

Trillions of dollars are set to be inherited over the next decade as part of a huge intergenerational wealth transfer. So what are the tax implications for those involved? This week on the Friends With Money podcast, Money's Tom Watson is joined by Mark Chapman, Director of Tax Communications at H&R Block, to run through some of the major questions surrounding inheritance and tax. Does Australia have an inheritance tax? What are the tax implications for inherited property? Will inherited shares, cash or super be subject to tax? Does CGT apply to inherited collectibles? Which professionals can provide advice on the subject? friendswithmoney #tomwatson #markchapman #inheritance #tax Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Three in four Australians rely on a specific method to manage their money, so which one could be the right fit for you? This week on the Friends With Money podcast, Money's Tom Watson is joined by Andrew Morrison, chief product and growth officer at Ubank, to talk about money management and five popular budgeting methods. They discuss: The importance of budgeting for financial health Five of the most popular budgeting methods The 50/30/20 method, envelope system and zero-based budgeting Automating the savings and budgeting process Quickfire money management tips friendswithmoney #tomwatson #andrewmorrison #moneymanagement #budgeting Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au See omnystudio.com/listener for privacy information.

Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Can you generate passive income with ETFs? In this episode of the Friends With Money podcast, Money's Michelle Baltazar sits down in the studio with deputy head of investments and capital markets at VanEck, Jamie Hannah, to discuss how best to capitalise on the ETFs in your portfolio. How to invest in Exchange Traded Funds (ETFs) What are some of the popular ETFs Managing and withdrawing your profits Tax and bookkeeping Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

The start of the year can be a great time to check in on your finances and make adjustments. But what’s the best way of going about it? This week on the Friends With Money podcast, Money's Tom Watson is joined by Rachel Wastell, personal finance expert at Mozo, to run through three steps aimed at giving your finances a refresh and setting you up for the year ahead. They discuss: Reviewing home loan and savings rates The benefits of streamlining accounts Consolidating your debt The role of superannuation in planning ahead #friendswithmoney #tomwatson #rachelwastell #personalfinance Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

From the success of the Magnificent Seven to moments of real volatility, 2024 was a year to remember for equity markets. But what does 2025 have in store? This week on the Friends With Money podcast, Money's Tom Watson is joined by Chief Strategy Officer at Tiger Brokers, Greg Boland, to reflect on the performance of share markets in 2024 and look ahead at how markets may fare this year. They discuss: The major events and themes of 2024 Winners and losers on the ASX How US markets performed last year The most popular shares and ETFs with investors How equity markets might fare during 2025 #friendswithmoney #tomwatson #gregboland #shares #investing Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Ever wondered what the best wine, car, or super fund in Australia is? Each year, we scrutinise the Australian market to uncover the best of the best products and services for you. This week on the Friends With Money podcast, Money's Michelle Baltazar and Vanessa Walker are in the studio to reveal the top 2025 award winners! And the top picks are... Best Super Fund Best Investment Manager Best Flexible Home Loan Overall best ETF Manager Best wines and books PROMO CODE: X2412MON (Annual digital and print subscription - Get a free 2025 Collins diary with your purchase) Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Sometimes making mistakes makes you a better investor in the long run. Knowing what mistakes to look out for can save you thousands. This week on the Friends With Money podcast, Money's Michelle Baltazar chats with John Addis, Money contributor and author, about his biggest investing mistakes and how to avoid them. Should you manage your investments? When to sell a stock When not to invest in a stock What about a stock that you should have bought? #friendswithmoney #michellebaltazar #johnaddis #investingmistakes Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Ever wondered what happens to torn or dog-eared banknotes, and whether Australians can get a refund for handing them in? This week on the Friends With Money podcast, Money’s Tom Watson is joined by Greg Dicinoski, chief scientist at the Reserve Bank’s Note Issue Department, to put damaged banknotes under the microscope. Just how prevalent are cash payments in Australia? What are the common, and more unusual, causes of banknote damage? What should you do with damaged cash? Can you get a refund for handing in damaged notes or coins? How does the Reserve Bank deal with damaged banknotes? Why is it important for damaged cash to be removed from circulation? #friendswithmoney #tomwatson #gregdicinoski #cash #rba Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Cooling inflation. Soaring tech stocks. 2024 has been a significant year for news, so before it ends, it's time to look back on the major stories in the world of finance.This week on the Friends With Money podcast, Money's Tom Watson is joined Money's Managing Editor, Vanessa Walker, to reflect on some of the biggest events, trends and reforms in 2024 and how they've affected our financial lives. They discuss: Cryptocurrency ETFs and prices Easing inflation Interest rate stalemate Income tax cuts Nvidia and the Magnificent Seven Housing affordability Student loan reforms The Best of the Best  friendswithmoney #tomwatson #vanessawalker #finance Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Sometimes, to achieve our goals, we need to change direction. But how do you determine whether you are on the right path to achieve your desired outcomes? This week on the Friends With Money podcast, Money's Michelle Baltazar chats with author, coach, and the former CEO of Xero, Steve Vamos, on how to get back on track and stick with your plan. The importance of clarity Staying on track by alignment Compliance is mandatory Having the difficult conversations #friendswithmoney #michellebaltazar #stevevamos #change Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Bitcoin's value has blasted past the one hundred thousand mark and is expected to soar even higher in 2025. In this bonus episode of The Friends With Money Podcast, Money's Michelle Baltazar and Vanessa Walker discuss the highs and lows of this volatile digital currency. Money online story: https://www.moneymag.com.au/why-crypto-prices-are-surging Bitcoin edition: https://www.magshop.com.au/Products/MON240701/money-magazine-july-2024-issue  Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Navigating the art of asking for what you want can feel daunting, but strong negotiation skills can pave the way to success. Michelle Baltazar, Editor-in-Chief at Money, in this episode of the Friends With Money podcast chats with Glin Bayley, coach and author of 'The Negotiation Playbook: Strategies That Work and Results That Last', about why mastering negotiation is essential for achieving your life (and money) goals. They discuss: Preparation is the key Understanding intrinsic vs. extrinsic value Leaning into the discomfort of a negotiation Common mistakes people make when asking for a pay rise or sale discount #friendswithmoney #michellebaltazar #glinbayley #negotiate #abetterlife Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

With the festive season upon us, present lists are being written around the country. But is there anything investors may want to add to their own wish lists? This week on the Friends With Money podcast, Money's Tom Watson is joined by chief investment analyst at Wealth Within, Dale Gillham, to chat about the state of the market and the Australian companies which could shine bright in the near future. How has the share market been performing recently? Which local sectors look promising? Are there any blue chip stocks worth looking at? Which Australian microcaps could surprise on the upside? friendswithmoney #tomwatson #dalegillham #investing #shares Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Are there simple measures we could be taking every day to improve our money habits and our overall financial health? This week on the Friends With Money podcast, Money's Tom Watson is joined by Simi Rayat, psychologist and author of Productivity Joy, to chat about the relationship between psychology and money.  They discuss: When and how are people's attitudes towards money formed? Why does money spark emotion that doesn't appear with other issues? How can confirmation bias and sunk-cost fallacy affect our financial life? How can the 5Qs Formula improve our financial decision-making? #friendswithmoney #tomwatson #simirayat #finance #psychology Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

The sales season is fast approaching, so how can shoppers make sure that they actually grab a bargain on Black Friday or Boxing Day? This week on the Friends With Money podcast, Money's Tom Watson is joined by Sarah Megginson, personal finance expert at Finder, to preview this years' sales season and discuss the steps consumers can take to maximise their savings. Are sales events like Black Friday genuinely a good time to shop? Should Aussies do anything before the sales to help them get a bargain? How can shoppers boost their savings with cashback and other discounts? What rights do consumers have to returns and repairs? What other tips or tricks can shoppers use? #friendswithmoney #tomwatson #sarahmegginson #sales #blackfriday #boxingday Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

There's a raft of new superannuation initiatives and reforms set to come online in the next few years, so how will these affect super members? This week on the Friends With Money podcast, Money's Tom Watson is joined by Peter Hogg, general manager for guidance and advice at Aware Super, to talk through the changes which kick off from July 2025. They discuss: Superannuation on paid parental leave The upcoming super guarantee increase Proposed changes to tax concessions on higher balances The impact of payday super Practical tips for getting the most out of super #friendswithmoney #tomwatson #peterhogg #superannuation Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

ith inflation falling and interest rates starting to do the same, is now an opportune time to consider investing in fixed income or has the window passed?   This week on the Friends With Money podcast, Money's Tom Watson is joined by Marc Jocum, product and investment strategist at Global X ETFs, to chat all things fixed income. They discuss: The assets included in the fixed income basket How bonds deliver returns to investors The benefits of having a fixed income allocation How fixed income assets are affected by interest rates The pros and cons of investing in fixed income now #friendswithmoney #tomwatson #marcjocum #investing #fixedincome Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

From Boomers to Zoomers, which stock-picking style is better? Craig Keary, CEO of trading platform Selfwealth, is back in the studio with Money's Michelle Baltazar to discuss the latest investment trends and which generation is leading the way. Compare the share portfolios of Boomers, Gen X, Millenials and Gen Z based on 2024 trading data What are the factors influencing each generation's investment choices? What tactic is likely to succeed? Who invests in ETFs? #friendswithmoney #michellebaltazar #craigkeary #investing Links: Selfweath website Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Purchasing a home isn't a simple process. So, for buyers looking for help or an extra edge on the competition, could a buyers' agent be worth the cost?  This week on the Friends With Money podcast, Money's Tom Watson is joined by Michelle May, founder and principal agent at Michelle May Buyers Agents, to break down the services that buyer's agents can provide. The discuss: How buyers' agents differ from selling agents The range of services that buyers' agents can provide The world of off-market listings How much buyer's agents can cost Tips for buyers entering the market #friendswithmoney #tomwatson #michellemay #property Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

The secret to success lies in the execution. On this week's Friends With Money Podcast, Money's Michelle Baltazar chats with author, financial adviser, and co-founder of Pivot Wealth, Ben Nash, about wealth-building strategies to help you achieve your goals. What are the fundamental strategies?  Why buying your own home first can slow your wealth-building What's the first crucial step? Two strategies to accelerate your financial journey Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Plastic isn't always fantastic, but credit cards can be an effective money management tool. The question is though, what kind of card will match your needs? This week on the Friends With Money podcast, Money's Tom Watson is joined by Rachel Wastell, personal finance expert at Mozo, to dig into the different types of credit cards on the market and the features they offer. They discuss: Suitable cards for everyday spenders The benefits of balance transfers Travel-friendly credit cards Rewards points and premium credit card benefits Tips for users to get the most out of their cards #friendswithmoney #tomwatson #rachelwastell #creditcards Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Are you getting the best deal from your bank? Open banking is set to transform the Australian banking industry, putting power back in your hands Maxime Chaury, co-founder of Upworth and open banking specialist, joins Money's Michelle Baltazar together they reveal how to make your money work harder under the new financial landscape. Are we getting the most out of our banks? What exactly is open banking? How can you harness its power to take control of your finances? is open banking safe and secure? Links: Upworth website #friendswithmoney #michellebaltazar #openbanking #maximechaury Listen on: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Thematic ETFs can give investors exposure to particular sectors, geographies or trends happening in the broader market, but they're not without their risks. This week on the Friends With Money podcast, Money's Tom Watson is joined by founder and chief executive of Stockspot, Chris Brycki, to dig into thematic exchange traded funds and the role they can play in portfolios. They discuss: What thematic ETFs actually are The thematic ETF versus index ETF approach Tech and sustainability as themes and the ETFs on offer How technology and sustainable ETFs have performed The risks of jumping on trendy thematic ETFs #friendswithmoney #tomwatson #chrisbrycki #investing #etfs Mind the Gap 2024 report: https://www.morningstar.com/lp/mind-the-gap Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Did you know that most superannuation accounts come with insurance? In this week's Friends With Money podcast, Michelle Baltazar sits down with lawyer and author Melisa Sloan to unravel the world of superannuation insurance. They delve into: The pros and cons of insurance within and outside your super fund What is TPD insurance and when can you use it How you might unintentionally void your own super insurance  The two types of occupation insurance, and more! #friendswithmoney #michellebaltazar #melisasloan #superinsurance Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Private credit as an asset class has grown into a $3 trillion sector after super funds and big investors started piling in. But is it a good addition to a typical investor portfolio? Money's Michelle Baltazar takes a deep dive into this investment opportunity with private credit expert Paul Miron, co-founder of Msquared Capital, on this week's episode of Friends With Money. What exactly is private credit? How much do you need to get started? What fees are involved?  Most importantly, what are the potential risks? #friendswithmoney #michellebaltazar #paulmiron #privatecredit Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

It's easy to start investing, but have you got the foundations, goals and financial structures in place to set yourself up for success? This week on the Friends With Money podcast, Money's Tom Watson talks with author and host of the This is Money podcast, Glen James, about the tips and lessons he's taken away from his investment journey so far. What made you want to write The Quick-Start Guide to Investing? What should investors do before they even start trading? How can investors identify their blind spots? Why is cementing an investment strategy so important? Where's the sweet spot between overconfidence and analysis paralysis? #friendswithmoney #tomwatson #glenjames #investing Links: Money, Money, Money podcast Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

With the rising cost of living squeezing budgets, many are finding it harder than ever to make ends meet. Sometimes, turning to family and friends for help can feel like the only option. But lending money can be tricky. How do you balance financial support with protecting your relationships? On this episode, Money's Michelle Baltazar chats with the founder of Chipkie, Michelle Lomas, about the best way to lend money to family and friends. They discuss: The financial pressure created by a rising cost of living, especially when it comes to buying a home the complex emotions of borrowing from family & friends Tips for lending money with confidence, ensuring repayment, and keeping your relationships strong #friendswithmoney #tmichellebaltazar #michellelomas #lending Episode Links: Chipkie Listen on: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

Been scammed? You're not alone. Scams cost nearly $3 billion dollars in 2023 according to the ACCC, but there's hope at hand. In this episode of the Friends With Money podcast, financial adviser and "On Your Own Two Feet" author Helen Baker joins Money's Michelle Baltazar as they unlock the secrets to help rebuild your finances and protect yourself from cybercriminals. What should you do in the first 48 hours after being scammed? How do you protect yourself from future fraud? Don't get into more debt! Steps to bounce back from your loss Links: Protect yourself from scams Report a scam #friendswithmoney #michellebaltazar #survivegettingscammed #helenbaker Listen on: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.

How have local and international markets performed in 2024 and how are things shaping up in the months to come? That's the topic of discussion on this episode of the Friends With Money podcast featuring Money's Tom Watson and chief investment analyst at Wealth Within, Dale Gillham. What's driven the performance of the ASX so far this year? Which Australian companies and sectors have performed well? What have been the standout international markets? How are markets expected to fair over the coming months? Will the US election have an impact on markets? #friendswithmoney #tomwatson #dalegillham #shares Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.auSee omnystudio.com/listener for privacy information.