Emergency funds, defensive assets & when to pay for advice
Oct 9, 2025
This enlightening discussion covers the First Home Super Saver Scheme and its rules for investment properties. The hosts delve into the purpose of defensive assets and their impact on long-term investing. They also clarify the differences between financial advisers, coaches, and accountants, helping listeners decide when to seek professional advice. Plus, they tackle the pros and cons of DIY insurance, alongside Owen's amusing struggles with credit card reward points. A must-listen for anyone navigating financial decisions!
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insights INSIGHT
Mental Accounting Changes How We Value Money
Mental accounting makes money from different sources feel different and changes spending choices.
Sunk cost and loyalty points can distort rational decisions like re-buying a lost concert ticket.
volunteer_activism ADVICE
Use FHSSS Only For Primary Residence
The First Home Super Saver Scheme requires the property to be your primary place of residence initially.
You can later convert that home into an investment property after you meet the live-in requirement.
volunteer_activism ADVICE
Match Defensive Assets To Access Needs
Include defensive assets based on access needs and likely liquidity requirements.
Treat super and non-super money differently: hold more growth in inaccessible super and more defensive assets in accessible portfolios.
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FHSS, defensive assets & the real cost of financial advice – this Q&A has it all
In this Friday episode of the Australian Finance Podcast, your hosts Owen Rask and Gemma Mitchell are back for your weekly Q&A.
From using your super to buy your first property, to whether you really need a financial adviser once you’ve already nailed your money, this episode dives into your questions!
We cover off in this episode:
- Can you use the First Home Super Saver Scheme (FHSSS) for an investment property?
- What’s the real purpose of defensive assets when you’re investing long-term?
- Do you count your emergency fund as part of your defensive allocation?
- The difference between accountants, money coaches, financial advisers and planners, and when to use each one
- How to know when paying for advice is actually worth it
- And should you DIY insurance?
- Plus Owen chats about his struggle with using credit card award points.
Don’t forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts – and send in your questions via the link below.
Resources for this episode
Insurance: https://www.raskmedia.com.au/services/life-insurance/
Rask property course: https://education.rask.com.au/courses/free-property-course/
First Home Super Saver info from Pearler- https://pearler.com/fhss
Buy Gemma’s book The Money Reset- https://amzn.to/42Uz0aK
Ask a question (select the Finance podcast): https://bit.ly/R-quest
Show partner resources
Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler
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Rask resources
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**DISCLAIMER:** This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
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