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She's On The Money
We Asked a Financial Advisor Your Most-Asked Money Questions
Feb 25, 2025
Daisy Magor, a financial advisor from Everest Wealth, dives into the big money dilemmas that many face. She discusses whether to pay off a mortgage or invest and reveals how to find a trustworthy financial advisor. Daisy tackles hot topics like debt recycling, car leasing myths, and the biggest financial mistakes even savvy individuals make. She also shares insights for aspiring financial advisors and emphasizes that smart financial management can empower independence, especially for single women.
38:03
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Quick takeaways
- Understanding your cashflow is crucial to avoid indecision and analysis paralysis when making financial decisions.
- Choosing a financial advisor who aligns with your specific life stage can lead to more relevant and personalized financial advice.
Deep dives
Understanding Financial Advisors
Many individuals wonder what to expect when meeting with a financial advisor, including how to choose the right one, what the first meeting entails, and the associated costs. It is possible to pay for financial advice using superannuation funds, which may provide a 15% tax deduction, making this a cost-effective option for clients. However, one must meet a sole purpose test to ensure that the advice pertains appropriately to superannuation matters. Clients are encouraged to seek advisors who align with their specific financial circumstances and age group to ensure relevant advice.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode