Plenty of books, podcasts and blogs focus on building wealth – and that’s great, as far as it goes. But focusing just on wealth misses the point.
I believe what most of us actually want is to have choice.
Choice in how much time we give to income-producing activities.
Choice about what those income-producing activities are.
Choice about where we live.
Choice about when we retire.
Choice about the ways we use our money to produce happiness.
In the Financial Autonomy podcast, I explore the different ways you can gain choice - from investing in stocks to becoming self-employed, starting a side hustle, or buying an investment property. I share learnings I've gained working with clients for over 20 years as a Certified Financial Planner, and interview others with interesting insights or experiences in gaining choice in life.
Breaking the mental barriers upon receiving an inheritance
Receiving an inheritance can often come with plenty of baggage attached. The most obvious is that someone has had to die, usually someone very close to you, for you to be the beneficiary of this financial gift. But the challenges don’t end there.
Many of the clients I work with engage us following the receipt of an inheritance. We often have discussions around an awareness that a close relative worked hard to build this wealth and as the recipient, there’s a weight on the shoulders to not blow it, to not be frivolous.
For many people, an inheritance is the first time they have had to make decisions about what to do with large sums of money. Until now all they’ve had to do is manage their cash flow, pay off the mortgage, perhaps check their super statement once a year, and that’s about it.
Now they’re being asked to make decisions on hundreds of thousands of dollars. It’s not surprising that people often get stuck in a state of inertia. Whilst grateful for the gift they have received, the pressure to not screw it up can become overwhelming.
MARKET NOISE - Markets Shudder, Property prices to drop, Inside the Italian Stock Market, and plenty more
This week Financial Autonomy community member Alessandro joined me to discuss all the investment market news that's worth talking about in the past week.
General Advice Disclaimer
Property Market Update with Buyers Agent Emily Wallace
In this episode, we talk with Emily Wallace about trends in the property market in Australia. She gives very useful insights into how we as investors, homeowners, or people looking to get into the market may want to position ourselves.
MARKET NOISE - Asian Dev. Bank shuts down coal plants, Stable Coins, Bored Apes, and plenty more
This week Financial Autonomy community member Dash joins me to chew the fat on the market news of the week.
General Advice Warning
MARKET NOISE - America's greatest company comes to an end, Australian miner strikes it big, how will COP26 effect Africa, and plenty more
This week Financial Autonomy community member Andre joins me to chew the fat on the market news of the week.
General Advice Warning
Why Do Bond Markets Matter to the Stock Market?
After 10 consecutive months of gains, the Australian share market declined in September, heralding a period of volatility that continues today. There is never a single catalyst driving markets, instead, there's a confluence of views that tend to drive either positive or negative momentum. But in this most recent period of volatility, there has been one factor receiving the bulk of the finger-pointing, and that is the bond market. To be specific, it is rising yields and falling bond prices.
So this week I wanted to discuss why it is that bond markets can have such a strong influence on the stock market. What it is that drives bond market shifts. And do some crystal ball gazing as to how this relationship might unfold in the months and years ahead.
I really liked Paul's focus on learning from the past with examples of Tulip mania and hyper inflation from the past. Even though this podcast originated in Australia, I could really relate to the topics. Great podcast and excellent host.