Money mistakes - we've all made them, and there’s zero judgement here! But after having several eyebrow raising conversations recently with people about spending habits, I wanted to share my thoughts on some financial decisions that might make you think twice about where your money is going. From small daily purchases to life's biggest celebrations, we're exploring the real impact of our spending choices.From the surprising trend of using buy-now-pay-later services for fast food (yes, people are actually using Afterpay for McDonald's!), to the staggering reality of $250,000 wedding budgets, we're exploring spending habits that deserve a closer look. We’re talking about why the size of your spending doesn't correlate with success or satisfaction, and how to make financial choices that truly align with your long-term wellbeing. Whether you're making daily purchase decisions or planning life's biggest celebrations, this episode will help you question whether your spending brings real value to your life.Key Takeaway:Financial success isn't measured by extravagant spending or keeping up with social expectations. It's about making intentional choices that align with your long-term financial wellbeing. Before making any purchase - whether it's fast food or a wedding venue - ask yourself: Will this matter in a month, a year or a decade?LinksBook a free 15 minute discovery call with Alissa: https://calendly.com/gtagWant to know more about commercial property? Join our commercial property mailing list here:https://preview.mailerlite.io/preview/145360/emails/143452890515637989Website: https://goldentrianglefinancegroup.com.au/
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8:46
Borrowing Money? Talk to a Mortgage Broker First (Not the Bank)
In the last quarter, nearly 8 out of 10 Australian home buyers chose to work with mortgage brokers rather than going directly to banks - and for good reason. Today, we're exploring the role of mortgage brokers, debunking common misconceptions about the home loan process and revealing why mortgage brokers can help you secure more options and better terms for your property purchase or upgrade. Plus, we'll discuss the industry regulations mortgage brokers abide by that protect you as a borrower.Whether you're a first-time buyer, looking to upgrade or simply curious about your options, this episode will equip you with essential knowledge about the modern approach to home lending that most Australians are now choosing.Key Takeaways:76% of Aussies are choosing mortgage brokers over direct bank visitsBrokers give you access to multiple lenders and loan optionsThey're legally required to act in your best interestService is usually free for borrowersLinksBook a free 15 minute discovery call with Alissa: https://calendly.com/gtagWant to know more about commercial property? Join our commercial property mailing list here:https://preview.mailerlite.io/preview/145360/emails/143452890515637989Website: https://goldentrianglefinancegroup.com.au/
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11:09
Borrowing money to buy shares - not for the beginners!
Margin loans are both exciting and risky - and definitely not for the fainthearted! While it’s possible you’ve never heard of them, by the end of this episode, you’ll have a clear understanding of what they are and whether they might fit into your financial strategy. What Exactly is a Margin Loan?A margin loan allows you to borrow money for investments, typically in managed funds or the stock market. Essentially, you leverage your existing investments as collateral, which means you can magnify your profits—but equally, your losses. Much like using the equity in your home to buy another property (also known as leverage), margin loans work on the same principle. Here, you might invest $100,000, perhaps from inheritance or a windfall, and take out a margin loan with a 50% loan-to-value ratio. This setup allows a lender to match your investment, totalling $200,000 for stock market ventures. If the market rises, your gains skyrocket. But when the market tumbles, your losses escalate too.Understanding Margin CallsSo what happens when the market decides to do a nosedive? Enter the margin call—a uniquely unsettling consequence of margin lending. Should your investment falter and violate the bank’s loan-to-value ratio limit, you could expect a call informing you to fortify your account within 24 hours, or they might start liquidating your share portfolio. The size of the margin call will hinge on factors like your loan size, investment value and market conditions when you initiated the loan.The Risks and Rewards of Margin LendingWhile margin lending can exponentially boost your potential profits, the risks are real. Unless you've got a fallback strategy to manage abrupt market shifts, your investments might be sold under distressing conditions. That’s why margin lending fits seasoned investors more than novices; those with high-risk tolerance, a diversified portfolio and a plan to handle unexpected margin calls.So, if you’re ready to find out whether a margin loan is suited to your circumstances, make sure to reach out to your financial advisor. Otherwise, feel free to shoot me a message and we can get started on working towards your financial goals together. LinksBook a free 15 minute discovery call with Alissa: https://calendly.com/gtagWant to know more about commercial property? Join our commercial property mailing list here:https://preview.mailerlite.io/preview/145360/emails/143452890515637989Website: https://goldentrianglefinancegroup.com.au/
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8:32
You've received an inheritance - here's what you could do with it...
Spare money: what even is that? We’re in the middle of a cost of living crisis and naturally, there isn’t a lot of extra cash in the bank for most people. However, there are circumstances where people do unexpectedly receive a windfall of money, such as an inheritance from a death in the family, a sold asset or a payout. Receiving an unexpected lump sum can be bittersweet, because while it’s exciting, there can also be a bit of confusion as to what to do with it. As we know, you can only spend money once. So what’s the best way to make the most of your new financial situation? In this episode, I’m taking you through some options and what I think is the best way to approach it:Identifying your financial goalsPaying off debtsSaving for propertyLowering your mortgageSuperannuation and investmentsUltimately, the best choice for your lump sum will depend on your personal circumstances and aspirations. Whether it's providing for your family's needs, saving for retirement or ensuring your children’s education, these strategies are not one-size-fits-all. However, they all follow one golden rule: make your money work for you. Use it with purpose, and you're likely to see it multiply in value and opportunity.So, reflect on these options and decide what truly feels right for you. You just might find that unlocking the potential of spare money could lead you to a bright financial future.LinksBook a free 15 minute discovery call with Alissa: https://calendly.com/gtagWant to know more about commercial property? Join our commercial property mailing list here:https://preview.mailerlite.io/preview/145360/emails/143452890515637989Website: https://goldentrianglefinancegroup.com.au/
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11:26
Think Bigger: Using Equity to Buy Commercial Real Estate
If you have equity in your home and are wondering what to do next, chances are you’ve thought about using it to buy a residential investment property. But what happens when you want to take your property investment to the next level? There is another way to successfully grow your equity, set yourself up for retirement and see higher yields: commercial property investment.Whether you're a seasoned investor or just beginning your financial journey, understanding the nuances between commercial and residential property can open up a world of opportunities.In this episode, we'll explore:Breaking Down Commercial Property InvestmentCommercial properties have a potential for higher rental yields, making them pretty appealing. Imagine earning yields from 5% to over 10%; that’s starkly higher compared to the typical 5% yielding residential counterpart.A commercial property lease also often covers most expenses; the tenants pay for water, rates, and even repairs—sometimes making it a more hands-off investment experience. Who's Suited for Commercial Property Investment?While residential properties offer a gateway to owning physical assets, their loans often come with easier terms—sometimes covering up to 95% of the purchase price. In contrast, commercial property requires heftier upfront investments, with deposits ranging from 20% to 40%. Utilising your property equity can bridge this financial gap, activating the power of otherwise dormant assets.My Personal Commercial Property JourneyMy husband John and I once invested extensively in residential properties across Queensland, a route initially taken to ease our tax burdens. But the constant management and cash flow constraints during sensitive life periods (like maternity leave) proved taxing. I share why the switch to commercial property in 2019 was a game changer for us.Property investment, whether commercial or residential, is rife with complexities and rewards. It's vital to weigh the potential return against personal circumstances and market volatility. If our discussion on commercial property has struck a chord with you, don't hesitate to reach out. Our team includes a buyer’s agent who would love to explore how commercial property might fit into your investment strategy.Until next time, take care and enjoy your money management!LinksWant to know more about commercial property? Join our commercial property mailing list here:https://preview.mailerlite.io/preview/145360/emails/143452890515637989Book a free 15 minute discovery call with Alissa: https://calendly.com/gtagWebsite: https://goldentrianglefinancegroup.com.au/
Money can often feel like a mysterious, taboo subject that we're reluctant to discuss with our friends and family. It's often seen as rude or unsavoury to talk about finances openly, but I'm here to change that narrative. Money doesn't have to be complicated, though it's not necessarily easy either. It all comes down to making those small, consistent steps that can shape your financial future.
With over 20 years in finance, five years as a mortgage broker, and running my own finance and mortgage broking business for the last three years, I have the qualifications and passion for sharing my knowledge with you. Through my work, I've witnessed firsthand the challenges many families face when it comes to managing money. Some have been taught well, while others just need a few tweaks to change the trajectory of their lives. And then there are those recovering from costly financial mistakes.
In "Teach Me Money," we'll break down the how, why, and what next of money management in a straightforward way. I'll tackle your toughest questions, debunk common myths, and most importantly, offer actionable tips to help you get ahead. Whether it's making your money a non-negotiable part of every pay cycle or understanding how to finally buy that property to grow your wealth, I've got your back.
If you're just starting on your financial journey or have already faced some bumps along the way, you're in the right place. Join me every fortnight as I dive into practical tips and share inspiring stories of clients who have successfully navigated this path. Together, we'll make sense of money and craft a plan for your financial success.
Please note, this podcast is for general information purposes only and not financial advice. Always consult with a licensed financial planner before making decisions about your personal finances.
Australia