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Australian Finance Podcast
Financially planning to start a family: buying a family home, cash flow during parental leave & big expenses
Jun 27, 2024
Financial advisor Alex Luck and Owen Rask discuss financial planning for starting a family, covering topics like buying a family home, managing cash flow during parental leave, and dealing with significant expenses. They emphasize the importance of budgeting, creating an emergency fund, and taking advantage of employer benefits and government entitlements. The podcast explores strategies for managing childcare expenses, choosing between public and private healthcare, and highlights the need for personalized financial advice.
36:20
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Quick takeaways
- Start financial planning for a family early to handle big expenses and cash flow during parental leave.
- Consider private health insurance coverage for pregnancy-related costs and weigh options based on personal preferences.
Deep dives
Gearing Options with Beadershares Wealth Builder Funds
The Beadershares Wealth Builder Funds provide moderate gearing options for Australian and global shares, offering investors a chance to leverage their investments. Gearing, known as borrowing to invest, is pondered as a beneficial strategy by property investors. These funds, symbolized by ASX tickers G200 and GHHF, amplify both gains and losses, making it crucial for investors to carefully assess if gearing aligns with their risk tolerance.
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