Financial Autonomy

One of the most common reasons for a new client joining us here at Guidance is due to the receipt of an inheritance, whether a traditional one upon the passing of a close family member, or increasingly frequently, an early inheritance where the family member has determined that they have assets in excess of their needs and wish to see their loved ones enjoy the gift during their lifetime.   [Disclaimer] [Website]

We're all familiar with traditional investments - stocks, property, term deposits. But there is a whole other universe of investments that get broadly bracketed together as "Alternative" investments. Alternatives could be classic cars, collectibles like guitars, stamps or coins, cryptos, futures funds, private equity, and precious metals. The rationale is diversification, but even more important than diversification is correlation of returns, the idea being that alternative investments operate on different cycles to your other investments. In this episode I chat with Maxwell Nee from UK based Oneo Group about investing in wine and whisky. Important to highlight that our guest represents a company that is not registered or licensed in Australia. The information shared in this podcast is not advice and in no way should it be interpreted that Paul recommends or endorses this company. Link to more details about Wine & Whisky Investing: https://lp.oenogroup.com/aus/

The new year has arrived, you’re re-charged, it’s time to release the hand brake and get moving! Welcome back to another episode of the Financial Autonomy podcast, where our goal is to help you gain choice in life – perhaps that’s the choice to cut back to working 3 days per week, maybe it’s making a career change, or being able to retire at 60 and travel around Australia. Whatever the choice it is that you are seeking, this week’s episode should help ensure 2023 is a year where you make strong positive strides in the right direction.   [Disclaimer] [Website]

Taylor Riley is a young business dynamo having established multiple businesses already, and he hasn't even hit his mid 20's. In this interview, we discuss content creation, the law of reciprocity, and control as a vehicle to gain choice. I'm sure you're going to love this one. [Disclaimer] [Website]

This week's episode is inspired by a real life conundrum that my wife and I are currently facing. With reports of property prices falling we've been wondering whether there might be an opportunity to pick up an investment property at an attractive point in the cycle. The title of this week’s episode is precisely the issue we have been tossing around, namely what is a reasonable price to pay for an investment property?   [Disclaimer] [Website]

This week I chat with long time listener to the podcast and reader of the GainingCHOICE email, Dan McCutcheon. Dan reached out to me recently sharing his wealth creation journey. I thought it would make a great case study and he kindly agreed to come on and share his experience.   [Disclaimer] [Website]

Last week in one of our progress meetings I was asked by a client a very sensible question “why is record-low unemployment a bad thing?” His question arose from a news report that was attempting to explain the economic challenges currently faced and the concerns for 2023 and beyond. One of the explanations offered by the journalist was this “problem” of record low unemployment. But as my client observed, surely everyone having a job is a good thing. A totally reasonable assumption to make. So what's going on?   [Disclaimer] [Website]

If we’re asked what sort of return should be expected from an investment over the long run the tendency is to rely on the long term average, or perhaps lean on the conservative side and round down a percent or two. The reality however is that from one year to the next there is a high level of variability in returns. Sure, given long enough they may well deliver that long term average that you see published, but in any given year your actual outcome can be vastly different, both positive and negative. Sequencing risk recognises this natural variability in returns year by year.   [Disclaimer] [Website]

This week, we cover 3 different ways you could rapidly accelerate your wealth creation to help you to achieve financial independence.    For more from us, click here. [Disclaimer]

Every major financial event is also a major psychological event. When you buy a home, change job or career, receive an inheritance, or retire. So this week I'm very excited to welcome psychologist Parris Davenport from Everyday Psychology onto the podcast to explore that intersection between psychology and money a little deeper. [Website] [Disclaimer] Links referenced in the episode: Everyday Psychology National Debt Helpline (1800 007 007) Black Dog Institute

I’m sure you don’t need me to tell you that investment markets around the world have been experiencing challenging times over the past year. Shares, bonds, and property, everything is down and there have been few places to hide. So this week I wanted to consider what we could learn from past market declines. What can we take away to help us not only get through this current period, but perhaps even take advantage of the opportunities that might present. [Disclaimer]

Today I'm speaking with Victor Huang Principal and Head of Investment Solutions with Milliman Australia.   [Website] [Disclaimer]

In this episode, we discuss franking credits, their purpose, and how they benefit you.   [Disclaimer]

I'm joined today by Evan Lucas. Evan has just released a beautifully written book Mind Over Money. It makes a great companion piece for our focus here at Financial Autonomy around gaining choice. In this episode we talk about the impact your personality has on the way that you interact with money, the role of expectations, cultural differences and their impact on money decisions, and plenty more.   [Disclaimer]

With markets down at the moment due to interest rate increases, this week I explore how to keep calm when markets aren't doing what we'd like, and how to ensure you don't miss out on any potential opportunities. [Disclaimer]

We knew the rates of last year were temporary, but the speed with which they are snapping back has been surprising. Based on this, I wanted to talk this week about the different potential strategies and opportunities that will arise in a world with rising interest rates.   [Disclaimer]

I'm joined today by author and buyers agent Steve Palise. Steve recently released his second book, Residential Property Investing Explained, to complement his first release Commercial Property Investing Explained. But today we're not just talking property, Steve splits his time between Australia and the UK. He's achieved this through two of the three Financial Autonomy pathways that we focus on here. So let's dive in and learn how he's done it. [Disclaimer]

For over 6 years now I've released weekly podcasts and emails exploring the idea of Financial Autonomy and gaining choice. The content is informed by the wonderful clients that we get to work with, many of whom are listeners. I'm constantly learning, and sometimes what you learn contradicts what you thought you knew. This week I wanted to share 3 things I got wrong. There's probably plenty more, but let's start here anyhow.   [Disclaimer]

This week we're talking tax. Strategies to minimise tax are often high priorities for those seeking financial planning advice. In this episode, we'll take a look at some of the most common taxes that we as Australians face, pick apart some of the mechanics of how they work, and consider whether it's appropriate to change anything that you currently do to improve your tax outcome.   [Disclaimer]

This week I chat with Financial Autonomy community member Mark Hutchins on his journey to financial independence. We discuss minimalism, the related idea of "enough', job share, running a small business, semi-retirement, and Mark's unique Ice Cream FI approach.   [Disclaimer]