Australian Finance Podcast

Phil Thompson, an expert in personal insurance from Skye Wealth, joins to unravel the complexities of income protection insurance. He explains its benefits and the different types of coverage available. Listeners learn how to accurately calculate the income protection needed and the features to consider. Phil contrasts income protection with Work Cover, emphasizing the importance of personalized financial advice during challenging times. The discussion also touches on holding multiple policies and the evolving insurance market.

Phil Thompson, a life insurance and income protection expert from Skye Wealth, joins Owen Rask for an enlightening discussion. They break down lump sum insurance, including life, trauma, and TPD coverage. Listeners learn about the different types of policies and their unique benefits, as well as the crucial differences between trauma and TPD. The duo emphasizes the importance of adequate coverage for families in times of crisis and explores the nuances of insurance commissions, ensuring transparency in finding the right financial guidance.

Phil Thompson, a life insurance and income protection expert from Skye Wealth, shares valuable insights into personal insurance. He discusses its importance and the various types, including life cover and disability insurance. The conversation dispels common myths and clarifies how personal insurance differs from general products. Phil also emphasizes the need for ongoing policy reviews and the role of financial advisors in navigating this complex landscape. Listeners are encouraged to reassess their coverage as they face new life challenges.

Kate Campbell, a personal finance expert, and Owen Rask, a finance enthusiast, dive into savvy ways to tackle rising grocery costs. They share practical tips on meal planning, using discount gift cards, and exploring local grocers. Learn how bulk buying and seasonal shopping can drastically cut your bills. They also emphasize the importance of utilizing technology and cash-back programs. With their light-hearted anecdotes, you'll find efficient and enjoyable methods to save money while shopping!

Paul Clitheroe, a seasoned financial expert and personal investment strategist, shares invaluable insights on investing. He offers advice for young investors and reveals common investment scams. Clitheroe's own investment strategies, particularly his confidence in Australian shares and property, are discussed, alongside the transformative rise of ETFs. He draws intriguing parallels between sailing and investment, stressing the importance of planning and adaptability. Personal stories, including winning the Sydney to Hobart yacht race, add charm to his financial wisdom.

Discover what happens when ASX-listed companies fail and learn the importance of having a solid emergency fund. Explore effective investing strategies, even while traveling abroad, with tips on micro-investing and understanding overseas taxes. Dive into a three-bucket savings approach for financial security and understand the role of bonds in a balanced portfolio. Hear about the regrets of delaying investment and why starting early is key. Plus, check out resources for financial education to enhance your investing journey!

What would you do with a million dollars? Dive into whimsical spending ideas that prioritize experiences over luxury. The conversation uncovers psychological challenges in handling windfalls, from reflecting on immediate needs to planning for the future. Discover practical tips for securing your newfound wealth and the importance of open money discussions with loved ones. Plus, learn the role of behavioral economics in financial decisions and how personalized advice can steer you toward your goals.

It has been a while since we’ve discussed savings accounts and making sure you’re getting a decent interest rate on your hard-earned savings. But savers rejoice! Your time to shine has come. In this podcast, Kate & Owen share some tips on making the most of your savings, why shopping around for a better interest rate matters (especially now) and some of the best interest rates around on savings accounts and term deposits.This episode was recorded on the 16th of August 2024.Series resources Ask a question: https://bit.ly/3QtiY00 Access Show Notes: https://bit.ly/R-notes Kate's book, Buying Happiness: https://bit.ly/kate-amazon Invest with Owen: https://bit.ly/R-invest Mortgage Broking: https://bit.ly/broke-rask Financial Planning: https://bit.ly/R-plan Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting with Grey Space: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach Pearler, the broker for long-term investors. Sign up using code “RASK” for $15 of Pearler Credit: bit.ly/PearlerGet 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmithDISCLAIMER: 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

Owen Rask, Chief Investment Officer of Rask Invest, delivers his monthly portfolio update for August 2024 on this episode of The Australian Finance Podcast.He also explains why he invests in emerging markets and what's happening with inflation and the RBA interest rate data.Series resources Ask a question: https://bit.ly/3QtiY00 Access Show Notes: https://bit.ly/R-notes Kate's book, Buying Happiness: https://bit.ly/kate-amazon Invest with Owen: https://bit.ly/R-invest Mortgage Broking: https://bit.ly/broke-rask Financial Planning: https://bit.ly/R-plan Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting with Grey Space: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach Pearler, the broker for long-term investors. Sign up using code “RASK” for $15 of Pearler Credit: bit.ly/PearlerGet 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmithDISCLAIMER: 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

Are you invested in AI?In this episode, Owen Rask chats with Hugh Lam, CFA, an Investment Strategist at Betashares. The duo discusses artificial intelligence (AI) and its impact on investors and the companies they invest in. They also discuss ways to invest in the AI boom through ETFs such as ASX: NDQ.Please note: Betashares is a long-term partner on the Australian Finance Podcast.Series resources Ask a question: https://bit.ly/3QtiY00 Access Show Notes: https://bit.ly/R-notes Kate's book, Buying Happiness: https://bit.ly/kate-amazon Invest with Owen: https://bit.ly/R-invest Mortgage Broking: https://bit.ly/broke-rask Financial Planning: https://bit.ly/R-plan Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting with Grey Space: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach Please note: Betashares is a long-term partner on the Australian Finance Podcast. This episode was recorded on the 1st of August 2024.Pearler, the broker for long-term investors. Sign up using code “RASK” for $15 of Pearler Credit: bit.ly/PearlerGet 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmithDISCLAIMER: 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