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Money Over 50

Business & Economics Podcasts

A podcast about 'Money Over 50', from Lighthouse Financial Advisers Townsville. Contact Michael or Dallas through email to podcast@mo50.com.au

A podcast about 'Money Over 50', from Lighthouse Financial Advisers Townsville. Contact Michael or Dallas through email to podcast@mo50.com.au

Location:

Australia

Description:

A podcast about 'Money Over 50', from Lighthouse Financial Advisers Townsville. Contact Michael or Dallas through email to podcast@mo50.com.au

Language:

English

Contact:

0747720938


Episodes

104 Retirement risks - Purchasing power risks

10/14/2020
This is one of the more underrated, yet important, risks that needs to be taken into account when planning for retirement. This risk is dangerous because it happens slowly through the effects of inflation; now that we are living longer, these effects are much more profound. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:23:26

103 Listener questions - Small business tips and traps

10/11/2020
Another listener question, this one coming in from Kerry! Michael and Dallas discuss some of the tips and traps involved in owning a small business when it comes to setting yourself up for retirement. An incredibly common example of this is not paying yourself any superannuation.

Duration:00:30:03

102 FAQ - Who are your clients?

10/7/2020
Michael and Dallas elaborate on the frequently asked questions by prospective and current clients. This particular episode discusses the types of clients Dallas and Michael take in and some of the more common aspects of clients of Lighthouse Financial Advisers. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:14:43

101 The highest likelihood of enough vs the highest expected value

10/4/2020
If you had the choice of investing in a way that gives the highest likelihood of $2,000,000 in retirement OR invest in a way that gives you a 50/50 chance of having $3,000,000 or $1,000,000 at retirement, which would you choose? For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:27:13

100 5 luxury goods in retirement

9/27/2020
This episode discusses 5 luxury goods people have while in retirement, but usually do not realise why it is a luxury. These 5 things are: having more than 10% in cash; owning your own home; having a spare room in your residence; having 2 cars; overseas travel. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:33:44

099 A look back: Almost 100 episodes

9/24/2020
100 episodes for the Money Over 50 podcast! Michael and Dallas have enjoyed being able to provide valuable information to their listeners and are eager to keep on going. This episode will highlight some of their favourite episodes ever recorded, while discussing some of their most important points. We thank you all for tuning in! For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:26:06

098 Why depreciation is a real expense, not just a tax deduction

9/24/2020
Depreciation is what happens when an asset loses value over time. Some may see depreciation only as the tax deduction that they can claim, but fail to realise that depreciation is really there because the asset in question is dropping in value (through things like wear and tear). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:30:17

097 How to give money to your kids

9/21/2020
The last episode discussed when it is a good time to give some money to your kids. This episode goes into detail on how you should be giving money to your kids to ensure you are acting in the best interest of both yourself and your kids. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:23:23

096 When to give money to your kids

9/17/2020
Dallas and Michael discuss the topic of giving money to your kids and give examples of situations that really work well and times that don't necessarily work well. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:24:59

095 Why I decided to rent again and why most retirees should

9/14/2020
On this episode, Dallas discusses with Michael why he has decided to rent again instead of buying his own home and explains why his reasoning sits in line with those a retiree should keep in mind. It all comes back to trade-offs and the lifestyle you truly wish to have in retirement. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:27:55

094 Listener Questions: Selling property now vs at retirement

9/10/2020
A fantastic listener question coming in from Mike, asking Dallas and Michael to discuss his some options in regards to his situation. This topic explores the situation those who have most of their retirement savings tied up in investment property and the options that they have to help secure a comfortable retirement using Mike and his wife Jannene's situation as an example. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:59:46

093 Definition of a financial adviser

9/7/2020
Dallas and Michael discuss what it is that a financial adviser actually does for their clients. The role of guidance and direction is just as important as the technical-know-how. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:22:20

092 Why we can only take on 50 more clients

9/3/2020
This episode provides some background on the Money Over 50 podcasters, diving into what their business actually looks like in terms of size. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:16:58

091 Profit first - Part 2 Logistics

8/31/2020
This episode discusses the logistics of "profit first" and how you can put the theory into place in your household. Reference: Book "Profit First" by Michael Michalowicz For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:41:02

090 Profit first - Part 1 Theory

8/27/2020
This episode discusses the theory of "profit first" Revenue - Profit = Expenses and why it is better than the old way of thinking of basing your profits off your revenue and expenses Revenue - Expenses = Profit (Michalowicz, 2017). The theory was originally based at a company level, but has been adapted by Michael and Dallas to suit a household. Reference: Book "Profit First" by Michael Michalowicz For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:21:23

089 Investing in one company is like a day at the races

8/25/2020
We know that when betting on a 'sure-thing' racehorse, there is still a large chance that it won't win and you'll lose the gamble. But when it comes to investing in a single company, people struggle to see that it very similar to a gamble. The gamble can be educated, but there is still a very real risk of you losing. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

Duration:00:20:04

088 Turning $100 per week into $100,000

8/17/2020
For all listener questions/feedback, please contact the team at podcast@mo50.com.au Michael and Dallas discuss how a big of a difference a regular investment of $100 can make to your future savings. Have a look at your expenses, is there a spare $100 that is being spent each week on something with little to no value that you could invest instead?

Duration:00:20:29

087 What to do after you make a mistake

8/13/2020
For all listener questions/feedback, please contact the team at podcast@mo50.com.au In life, you'll find yourself making mistakes often and it is no different in the world of investing. But, it is the lessons learnt and the decisions made afterwards that can make a positive impact on your plans.

Duration:00:15:53

086 Retirement planning is a series of sprints not a marathon

8/10/2020
For all listener questions/feedback, please contact the team at podcast@mo50.com.au Michael and Dallas discuss the importance of looking at the short term objectives and doing the best you can do during those periods. Focusing on your short term objectives can help make that long term goal become more achievable.

Duration:00:16:29

085 Making decisions based on a plan or fear

8/6/2020
For all listener questions/feedback, please contact the team at podcast@mo50.com.au This episode has Dallas and Michael discusses the troubles that can be involved when making financial decisions that are influenced by your fears.

Duration:00:11:01