Australian Finance Podcast

Discover the iShares S&P 500 ETF and why it's a top choice for Australian investors seeking low-cost access to major US companies. Explore how global investments, especially in tech giants, reshape market perspectives. Learn about the unique risks faced by Australians in the S&P 500, including currency and geopolitical factors. Dive into strategies for diversification and understand how interest rates impact investments. Finally, uncover a new professional investment service aimed at enhancing financial portfolios.

Karen Eley, a Certified Money Coach, shares her expertise on the psychological barriers to financial success. She discusses seven common mindset blocks, including the misconceptions that hard work alone leads to wealth and the impact of parental influences. Karen emphasizes the necessity of self-reflection and transforming scarcity mindsets into abundance by reshaping personal narratives about money. Listeners are encouraged to confront their 'invisible scripts' and adopt healthier financial behaviors to achieve their goals.

Kate Campbell, an author known for her insights on happiness through financial choices, joins finance expert Owen Rask and producer Monique for a lively chat. They share their adventures in detoxing finances, optimizing mortgage deals, and cleverly cutting costs on subscriptions. The trio offers budgeting tips, explores smart shopping strategies like using farm boxes, and discusses the benefits of automated investing. With humor and practical advice, they inspire listeners to take control of their financial health while balancing life's demands.

Kate, an author focusing on the link between finance and happiness, and Owen, a share investing expert running a free Value Investor Program, dive deep into their 10-year investing journey. They share valuable lessons learned from their experiences, including the importance of diversification and a long-term mindset. Discover their insights on the emotional challenges of investing versus gambling and why understanding fundamentals beats focusing on share prices. Their strategies emphasize starting small and the power of ongoing education in achieving financial success.

Owen Rask, an expert in Australian shares, joins to discuss the ins and outs of dividend investing. He emphasizes the unique advantages of the ASX, including franking credits and consistent income sources. Owen shares tips for spotting high-quality dividend stocks, spotlighting Cochlear and ResMed for their growth potential. The conversation also includes insights on real estate investment trusts (REITs) and the benefits of dividend reinvestment plans, all tailored for building a resilient and profitable investment portfolio.

Dive into the world of finance through literature as two hosts share their favorite money and investing books for 2024. They highlight the significance of diversifying investments and employing automated tools for growth. Key titles like 'The Barefoot Investor' and 'Good with Money' are discussed, showcasing accessible personal finance strategies. The conversation also explores finding passion in careers, fostering financial transparency in relationships, and engaging the community with a book giveaway to inspire financial literacy.

Phil Thompson, an expert in life insurance and income protection, shares valuable insights on making claims in this detailed discussion. He outlines the essential steps for claiming income protection and life insurance, addressing TPD, Trauma, and Childs Cover processes. Phil highlights the significant role of insurance advisers in reducing stress during claims and the necessity of understanding the insurance PDS. He also shares real-life stories that illustrate common challenges and solutions in managing claims, offering listeners practical advice for navigating this daunting landscape.

Phil Thompson, a life insurance and income protection expert from Skye Wealth, dives deep into the importance of reviewing your personal insurance. He highlights life events like having kids or buying a house that should prompt a reassessment. Phil clarifies that life insurance is not the same as car insurance and shares strategies to manage costs effectively. He discusses the differences between stepped and level premiums and explains why increasing coverage is more complex than decreasing it. This enlightening discussion is a must-listen for anyone concerned about their insurance needs.

Phil Thompson, an expert in life insurance and income protection from Skye Wealth, shares invaluable insights on navigating the insurance application process. He debunks myths surrounding medical underwriting and duty of disclosure while explaining the critical fact-finding phase. Listeners learn about the nuances of underwriting, the impact of pre-existing conditions, and the importance of tailored applications. Phil also discusses tax implications of income protection policies and the flexibility in managing life insurance, emphasizing consulting with advisors for better outcomes.

How do you actually buy life insurance and income protection? Life insurance and income protection expert Phil Thompson from Skye Wealth joins Owen Rask on The Australian Finance Podcast to talk personal insurance in our mini series.Topics covered:- How to buy insurance through Superannuation- Risks of changing Super funds without checking your insurance- Getting insurance through a financial adviser- Getting insurance yourself- Income protection and life insurance through an employer- Insurance industry disclosures, claims stats & average claim amounts- How to assess your disability insurance needs- How to use superannuation to fund premiums, even if you change investment optionsMini series goodies:- Book a call with Skye: https://bit.ly/R-insur- Insurance checklist (PDF): https://www.raskmedia.com.au/life-insurance/~~ Finance Podcast resources ~~Ask a question: https://bit.ly/3QtiY00Access Show Notes: https://bit.ly/R-notesRask Community: https://bit.ly/3UkFWelInvest with Owen: https://bit.ly/R-investJoin Pearler (discount): bit.ly/PearlerJoin Pocketsmith (discount) https://bit.ly/R-PocketSmithMortgage Broking: https://bit.ly/broke-raskFinancial Planning: https://bit.ly/R-planProperty Coaching: https://bit.ly/R-P-coach100-point property checklist (PDF): https://bit.ly/prop-checkAccounting with Grey Space: http://bit.ly/3DG5lWSBusiness Coaching: https://bit.ly/o-coachDISCLAIMER: 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 Learn more about your ad choices. Visit megaphone.fm/adchoices