Get Rich Slow Club

A will decides who gets your assets. A testamentary trust decides how they get them, and that difference can matter enormously for your kids, your blended family, and how much tax they pay. Ana sits down with estate planning lawyer Angie Treichel to unpack a tool most Australians have never heard of, plus why the post office will you've been meaning to fill out might not do what you think it does.

In this episode we'll discuss:
💸 What a testamentary trust actually is: a trust written into your will that stays dormant until you pass away, with a trustee managing assets for your beneficiaries instead of handing them over directly
💸 The blended family scenario nobody plans for: why a mirror will can quietly cut your kids out years down the track, and how life insurance directed into a trust can keep everyone protected
💸 The tax angle: minor beneficiaries accessing adult tax rates and up to $22,000 per child per year tax free, versus penalty rates above $416 in a regular family trust
💸 Asset protection, including protecting beneficiaries from a messy divorce, and sometimes from themselves
💸 Why the post office or DIY will can miss your biggest asset entirely (joint tenancy, super and binding death benefit nominations all sit outside your will)
💸 The recent budget scare: proposed changes that Angie says would have taxed orphans and widows, and the backflip that followed
💸 What it costs (roughly $3,000 to $10,000), the net worth where it starts making sense (~$500,000), and why Angie reckons the average couple is closer to that number than they think
💸 The Letter of Wishes: funeral songs, the photos your partner is allowed to use, subscriptions to cancel, and every login your executor will otherwise spend unpaid hours hunting down
Nobody enjoys this conversation, but as Angie puts it, a will never benefits you. It benefits the people left behind, who deserve the space to grieve without a legal mess to untangle. If you take one thing from this episode, book the chat with your partner or your parents this week.

@angie_ajtlegal
https://www.ajtlegal.com.au/
Free Estate Plan Ebook - AJT Legal
Free Testamentary Trust Ebook - AJT Legal

Happy EOFY from pearler! Sign up in July using the code GETRICHSLOW for 12 months worth of free trades 💸
And for existing customers, sign up to a new pearler product and you'll get 12 months worth of free trades too! 💸

Case Study Form

@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.

Most of us only think about the economy when something's gone wrong, and according to economist Evan Lucas, that's by design. In part one of a four-part series, Ana sits down with the author of Mind Over Money to go right back to first principles: what an economy actually is, how we measure it, and why the whole thing behaves more like a circle than a straight line. No jargon, no judgement, just the questions you'd never ask at a dinner party.

In this episode we'll discuss:

💸 What an economy is actually for, and the "Goldilocks" conditions (2 to 3% growth, ~2% inflation, a neutral cash rate) that almost never all show up at once
💸 GDP broken into its four parts, and why household consumption makes up 60 to 70% of it in countries like Australia
💸 Supply and demand explained through Wiggles tickets and Nvidia chips, plus what happens when demand outruns supply by a mile
💸 Stagflation: what went wrong in the 1970s oil crisis, and whether there's an argument we're seeing shades of it now
💸 Why GDP data arrives 65 days late, and the forward indicators (job ads, spending data, consumer confidence) that tell you what's happening right now
💸 The Aussie farmers who stockpiled diesel on an expectation, and how that one behavioural choice moved real prices
💸 Homo economicus and why Evan reckons the useful distinction isn't rational versus irrational, it's rational versus reasonable

Economics gets treated as maths and graphs, but most of it comes down to how people feel and what they do next. Evan's one-sentence definition: it's the study of how to better society, and the catch is that doesn't always translate to the individual. Stay tuned for parts two, three and four.

Happy EOFY from pearler! Sign up in July using the code GETRICHSLOW for 12 months worth of free trades 💸
And for existing customers, sign up to a new pearler product and you'll get 12 months worth of free trades too! 💸

Case Study Form

@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.

What happens to your emergency fund once you've actually built some wealth? Following straight on from their emergency funds 101 episode, Tash and Ana tackle the advanced version: offsets, debt recycling, business structures, and whether you even need a cash buffer once your portfolio could catch you. If part one was about building the safety net, this one is about rethinking it once the net is bigger than the fall. (New to emergency funds? Go listen to part one first.)

In this episode we'll discuss:

💸 Where your emergency fund lives when your whole home loan is debt recycled: Ana's spreadsheet session with her partner, and why the answer might be an offset that "kind of defeats the purpose"
💸 Tash's confession: no personal emergency fund at all — how roughly $220,000 sitting in her businesses works as a backstop, and the tax trade-off of paying yourself out only when you need it
💸 Fully offset mortgage? That IS your emergency fund — why neither host would keep a separate cash pile on top of a million dollars in the offset
💸 The 55-day credit card strategy: bridging emergencies with interest-free periods and paying it off with dividends or rent (an advanced, "it hurts my soul to say this" play with plenty of disclaimers)
💸 Renting while heavily invested: rent rises, the moving buffer you always need, and whether selling shares in a 20% downturn is really as bad as it feels
💸 Finding your "sleep at night number" — why the right buffer at this stage is as much emotional as mathematical
The further along you get, the less the three-to-six-months rule matters and the more your structures, cash flow and risk tolerance take over. Mistakes hurt less as things snowball — but leverage cuts both ways, so run your own numbers and know your worst case. Consider this episode your permission slip to think about it out loud.

Happy EOFY from pearler! Sign up in July using the code GETRICHSLOW for 12 months worth of free trades 💸
And for existing customers, sign up to a new pearler product and you'll get 12 months worth of free trades too! 💸

Case Study Form

@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.

Emergency funds might not be the most thrilling topic in personal finance, but they're the foundation everything else sits on. In this first of two back-to-back episodes, Tash and Ana cover the 101: what actually counts as an emergency, how much you need, and where to keep it. Whether you're starting with your first $1,000 or wondering if your buffer is big enough, this is the place to start. (Already sorted? The part 2 drops on Thursday.)

In this episode we'll discuss:

💸 What counts as an emergency (job loss, car repairs, vet bills, last-minute flights home) and what definitely doesn't (Christmas comes every year — plan for it)
💸 The maths of skipping the buffer: why a $3,000 car repair on a 20% credit card can undo an investment returning 7%, and how bad expenses love arriving all at once
💸 How to calculate your number: add up essential monthly expenses and multiply by three to six — a worked example where $3,500 a month means a fund of $10,500 to $21,000
💸 When to lean towards three months (stable job, no dependents, family to fall back on) versus six or more (sole income earner, self-employed with lumpy income, kids, or planned parental leave)
💸 Where to keep it: high interest savings or your offset — not term deposits, not shares, and watch out for honeymoon rates and hoop-jumping bonus interest conditions
💸 Tash's $20K "I just like the look of it" approach versus Ana's full year of expenses, and why the emotional side of the number matters as much as the maths
An emergency fund isn't optional, but it doesn't have to be overwhelming either — start with $1,000 and build from there. And if you have to dip into it? That's literally what it's for. Use it, feel zero guilt, and top it back up.

Happy EOFY from pearler! Sign up in July using the code GETRICHSLOW for 12 months worth of free trades 💸
And for existing customers, sign up to a new pearler product and you'll get 12 months worth of free trades too! 💸

Case Study Form

@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.

If you're heading into your 40s (or already there) and worried you've missed the investing boat, this one's for you. Following their episodes on investing in your 20s and 30s, Tash and Ana tackle the decade where compounding starts pulling its weight, but mortgages, kids, ageing parents and lifestyle creep are all fighting for the same dollar. Ahead, behind or starting from scratch, it's not too late.

In this episode we'll discuss:

💸 The maths of starting at 40: how $1,400 a month at a 7% return (not guaranteed) could make you a millionaire by 65, and why smaller amounts still count
💸 A timely scam warning: the fake accounts and WhatsApp groups impersonating Tash, how to spot an imposter, and what to do if you've been caught
💸 Why your 40s call for a more serious setup: super contributions to reduce taxable income, carry forward rules, insurances, and when a financial adviser's fee starts being worth it
💸 The $100,000 deck conversation: Ana's framework for lifestyle creep ("if someone gifted you the money, would you actually spend it on this?")
💸 Why feeling behind is the worst reason to take on more risk, and the Princeton research linking financial stress to a 13-point IQ drop
💸 Protecting what you're building: wills, executors, logins and the "death binder" that spares your family a scramble at the hardest possible time

Your 40s are often the decade where the habits and decisions of the past 20 years start showing up in your net worth. Wherever you're at, the goal stays the same: build a portfolio that gives future you more choices. That might just start with this episode.

Happy EOFY from pearler! Sign up in July using the code GETRICHSLOW for 12 months worth of free trades 💸
And for existing customers, sign up to a new pearler product and you'll get 12 months worth of free trades too! 💸

Case Study Form

@tashinvests
@anakresina
@getrichslowclub
@pearlerhq
Get Rich Slow Club
Pearler
YouTube
How To Not Work Forever

Disclaimer Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
Hosted on Acast. See acast.com/privacy for more information.