Money Madams

Amber Parr and Katherine Hayes
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Two Aussie Girls Amber Parr and Katherine Hayes chat about all things money and career with tips, tricks and insights that you wish you had known years ago. Fortnightly episodes releasing on Mondays, Money Madams delivers practical and easy to understand money and life advice with a sense of humour so you can lead your best Money Madam life.

  1. 09/15/2024

    155 - The Final Episode

    This week we celebrate 5 years of the Money Madams podcast and it also marks our final episode. In this final episode we share our favourite take aways on the podcast over the last 5 years. Thank you for listening to us, we hope you enjoyed listening as much as we enjoyed sharing with you.

    22 min

  2. 09/01/2024

    154 - Bucket Company Strategies

    Family Trusts can be a great tool for minimising tax and protecting your assets. One of the downsides to a trust is that the income must be distributed each year, but what if you would prefer to delay receiving that income until a later, lower income earning year? Welcome to the bucket company strategy! In this episode we give some examples of where a bucket company strategy including having a second family trust can leverage your tax planning resulting in you keeping more of your hard earned money.

    23 min

  3. 08/18/2024

    153 Family Trust Basics

    In this episode, we talk about Discretionary Trusts and why people use them. They can offer great benefits for the "Beneficiaries", but do you know the difference between an "Appointer" and the "Trustee" and the role of the "Settlor?" We tackle the jargon of the different roles that need to be considered when setting up a trust. So if you have ever wondered if there could be a benefit such as protecting your assets, or reducing tax, tune in as we cover the key elements of discretionary trusts and how they can help you towards these ends.

    32 min

  4. 08/04/2024

    152 Getting started with Debt Recycling

    In this episode we cover the primary methods people use to get started with debt recycling. Some people prefer to take a leap by taking on additional borrowings to invest while others prefer to pay down the loan first, redraw then invest. Some prefer to refinance their loan to a mortgage product specifically designed to optimise debt management. Each approach has it's advantages and pitfalls, so we will walk you through the tips and traps of each approach so you can avoid costly mistakes like mixing your loan and losing out on otherwise eligible tax deductions.

    26 min

  5. 07/21/2024

    151 - Spousal property transfers as a tool to boost tax deductions

    In this episode we cover a couple of strategies to increase tax deductible debt when upgrading the family home via the use of a spousal transfer strategy. When most of us think about this type of scenario, we think of splitting assets when relationships end. Fortunately this strategy is for happy couples wanting to go from single ownership to joint ownership and improve tax deductions. Even better is that in many states this can be done with no or minimal stamp duty consequences. So tune in and learn a little more about what is involved and remember, this particular type of strategy will need several professionals involved to pull it off, so get professional advice before you do!

    23 min

  6. 06/30/2024

    150 - Underutilised strategies to reduce CGT on property

    Nothing is more certain than death and taxes, but if you plan well, you can certainly minimise the amount of tax you pay. In this episode we chat about a strategy that isn't very well known that can help minimise or entirely negate capital gains tax being applied to the sale of a former investment property. As with all strategies that involve tax or major assets, be sure to get advice specific to your situation!

    15 min

  7. 06/16/2024

    149 Negative Gearing - 9 mistakes to avoid

    Negative gearing is a useful tool that when used well can help you grow your wealth, but like all tools, if it isn't understood or used well, then it could do more harm than good. Tune in to this episode as we chat about the 9 most common mistakes people make when it setting up a negative gearing arrangement.

    31 min

  8. 06/02/2024

    148 - Granny Flats- 13 Problems to Avoid

    With Granny Flats and Tiny Homes rising in popularity as home prices soar or people look to add new sources of income to their lives - we have put together 13 problems that can arise with Granny flats that should be considered before taking the leap.

    25 min
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About

Two Aussie Girls Amber Parr and Katherine Hayes chat about all things money and career with tips, tricks and insights that you wish you had known years ago. Fortnightly episodes releasing on Mondays, Money Madams delivers practical and easy to understand money and life advice with a sense of humour so you can lead your best Money Madam life.

Information

  • Creator
    Amber Parr and Katherine Hayes
  • Years Active
    2019 - 2024
  • Episodes
    156
  • Rating
    Clean
  • Copyright
    © Money Madams 2019
  • Show Website
    Money Madams

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