Join Ben and Pete on the 7th season of Money: Faith and Finance as they explore strategies for building wealth across various life stages. With insights into managing HECS debt, the importance of superannuation, and investing when young, they address financial challenges which we all confront. They discuss how lifelong financial habits shape wealth and consider the balance of current and future financial planning.
Key Takeaways:
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Focus on your current financial circumstances but always consider future implications.
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Younger individuals may have fewer overheads, allowing for more risk in investments.
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Superannuation might seem dull, but it’s a crucial component of a secure retirement plan.
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It’s never too late to develop sustainable financial habits — start small and grow.
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Financial decisions should ultimately serve your desired lifestyle and values, including the capacity to be generous.
Notable Quotes:
- "The good and bad thing about money is every day is a chance to get it right and a chance to stuff it up."
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"You can make decisions today, and the best ones put in building blocks for 'Future You'."
- "It's never too late [even] if you're older."
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"Pick something, build it, stick with it — every decade has its vibe."
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"Superannuation is not something you should sleep on. Having a good retirement isn't boring."
Resources
- 2024 Woman Financial Planner of the Year Michelle Stone on podcast She Wasn't Born Yesterday - Listen here
Join the Money: Faith and Finance Group on Facebook here!
We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.
Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.
Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/
See omnystudio.com/listener for privacy information.
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