In this bonus episode of the Friends With Money Podcast, hosted by Michelle Baltazar, editor-in-chief at Money Magazine, the focus is on the impact of recent US tariff policies, referred to as 'Liberation Day' by Donald Trump. This week's guest, Tim Harcourt, chief economist at the University of Technology Sydney, discusses the adverse effects these tariffs will likely have on American workers and farmers, despite Trump's intentions to bolster the US economy. For Australian investors, Harcourt advises a cautious 'wait-and-see' approach and emphasises the long-term strengths of the Australian market.  #friendswithmoney #michellebaltazar #timharcourt #trumptariffs Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

In this episode of the Friends With Money Podcast, Vanessa Walker, managing editor of Money Magazine, discusses insurance with journalist Ryan Johnson. They explore why insurance premiums are rising, ways to find the best value policies, and the inner workings of the insurance industry. They also highlight the winners of the Life Insurance 2025 Awards in various categories. Tune in for valuable insights and tips to help you make informed insurance decisions: 00:00 Introduction to Friends With Money Podcast 00:53 Understanding Insurance Deals 03:16 How Insurance Works 06:44 Rising Insurance Premiums 08:15 Life Insurance Awards 2025 10:29 Conclusion and Final Thoughts #friendswithmoney #vanessawalker #ryanjohnson #insurance Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

What are the top 5 mistakes people make regarding retirement? Did you know, for example, that you need to start planning for retirement a decade beforehand? This week on the Friends With Money podcast, Money's Vanessa Walker sits down in the studio with Money's super columnist Vita Palestrant to chat about the top do's and don'ts when heading into retirement. What's the biggest mistake that people make? Why is super such a great investment and tax strategy, no matter what age? Should you be worried about the risks? What strategies are there if you don't have enough? #friendswithmoney #vanessawalker #vitapalestrant#retirementmistakes Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

The price of gold has gone from strength to strength in recent years, but can it continue on its upward trajectory? This week on the Friends With Money podcast, Money’s Tom Watson is joined by Chris Brycki, the founder and chief executive of Stockspot, to provide an update on gold prices and dig into the role gold can play in investment portfolios. How have gold prices changed in recent years? What’s driven the rise in gold prices? What role can gold play in an investment portfolio? Is there a recommended portfolio allocation for gold? Could people be missing out on gold in their superannuation? #friendswithmoney #tomwatson #chrisbrycki #gold Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Interest rates are beginning to fall, so could now be a prime time to take stock of your mortgage and consider switching lenders? This week on the Friends With Money podcast, Money’s Tom Watson is joined by Graham Cooke, head of consumer research at Finder, to discuss the latest interest rate movements and the ins and outs of refinancing a home loan. How have banks reacted to the recent RBA cut? What are the lowest mortgage rates on the market? Can negotiating with your current lender actually work? When can switching home loans be a good or bad option? How does refinancing alone differ from using a broker? #friendswithmoney #tomwatson #grahamcooke #mortgages #refinancing Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Like the idea of giving your superannuation balance a bump up, but don’t know where to start? The good news is that there’s no shortage of tactics to employ. This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rebecca Cheevers and Sophie McRae of TelstraSuper Financial Planning to run through the steps Australians can take in their 20s, 30s, 40s and 50s to put themselves in a better position come retirement. They discuss: The impact that investment options and salary sacrificing can have Whether insurance is a necessity for everyone in their 20s How couples can utilise contribution splitting Making the most of catch-up concessional contributions Using downsizer contributions as retirement nears #friendswithmoney #tomwatson #rebeccacheevers #sophiemcrae #superannuation Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au *This episode is proudly brought to you by Telstra Super. Rebecca Cheevers and Sophie McRae are financial advisers with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial planning services to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Rebecca and Sophie give is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au.

Technological innovations are reshaping our lives, from the way we shower and sleep to how we go about purchasing property and holding assets. This week on the Friends With Money podcast, Money’s managing editor Vanessa Walker is joined by senior journalist Tom Watson to delve into the cutting-edge innovations shaping the future of finance. They discuss: The latest gadgets at home Artificial intelligence in property investment Fractional share trading Asset tokenisation Green cryptocurrency #friendswithmoney #vanessawalker #tomwatson #finance #innovation Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Buying a property for the first time can be hard enough as it is, let alone with all the myths and misconceptions out there. This week on the Friends With Money podcast, Money's Tom Watson is joined by Emily Wallace, founder and director of buyers agency Wallace Advocates, to shine a light on five major misconceptions that surround the home buying process. Is buying an apartment a smart move? Are all body corporates poorly run? Can breaking into the market really be done? Are spare rooms a ‘must have’ feature? Is it worth paying less to avoid stamp duty? #friendswithmoney #tomwatson #emilywallace #property Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au  

Trillions of dollars are set to be inherited over the next decade as part of a huge intergenerational wealth transfer. So what are the tax implications for those involved?   This week on the Friends With Money podcast, Money's Tom Watson is joined by Mark Chapman, Director of Tax Communications at H&R Block, to run through some of the major questions surrounding inheritance and tax. Does Australia have an inheritance tax? What are the tax implications for inherited property? Will inherited shares, cash or super be subject to tax? Does CGT apply to inherited collectibles? Which professionals can provide advice on the subject?   friendswithmoney #tomwatson #markchapman #inheritance #tax Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Three in four Australians rely on a specific method to manage their money, so which one could be the right fit for you? This week on the Friends With Money podcast, Money's Tom Watson is joined by Andrew Morrison, chief product and growth officer at Ubank, to talk about money management and five popular budgeting methods. They discuss: The importance of budgeting for financial health Five of the most popular budgeting methods The 50/30/20 method, envelope system and zero-based budgeting Automating the savings and budgeting process Quickfire money management tips friendswithmoney #tomwatson #andrewmorrison #moneymanagement #budgeting Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au  

    Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Can you generate passive income with ETFs? In this episode of the Friends With Money podcast, Money's Michelle Baltazar sits down in the studio with deputy head of investments and capital markets at VanEck, Jamie Hannah, to discuss how best to capitalise on the ETFs in your portfolio.  How to invest in Exchange Traded Funds (ETFs) What are some of the popular ETFs Managing and withdrawing your profits Tax and bookkeeping   Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

The start of the year can be a great time to check in on your finances and make adjustments. But what’s the best way of going about it? This week on the Friends With Money podcast, Money's Tom Watson is joined by Rachel Wastell, personal finance expert at Mozo, to run through three steps aimed at giving your finances a refresh and setting you up for the year ahead. They discuss: Reviewing home loan and savings rates The benefits of streamlining accounts Consolidating your debt The role of superannuation in planning ahead #friendswithmoney #tomwatson #rachelwastell #personalfinance Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

From the success of the Magnificent Seven to moments of real volatility, 2024 was a year to remember for equity markets. But what does 2025 have in store? This week on the Friends With Money podcast, Money's Tom Watson is joined by Chief Strategy Officer at Tiger Brokers, Greg Boland, to reflect on the performance of share markets in 2024 and look ahead at how markets may fare this year. They discuss: The major events and themes of 2024 Winners and losers on the ASX How US markets performed last year The most popular shares and ETFs with investors How equity markets might fare during 2025 #friendswithmoney #tomwatson #gregboland #shares #investing Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Ever wondered what the best wine, car, or super fund in Australia is? Each year, we scrutinise the Australian market to uncover the best of the best products and services for you. This week on the Friends With Money podcast, Money's Michelle Baltazar and Vanessa Walker are in the studio to reveal the top 2025 award winners! And the top picks are... Best Super Fund Best Investment Manager    Best Flexible Home Loan Overall best ETF Manager Best wines and books PROMO CODE: X2412MON (Annual digital and print subscription - Get a free 2025 Collins diary with your purchase) Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Sometimes making mistakes makes you a better investor in the long run. Knowing what mistakes to look out for can save you thousands. This week on the Friends With Money podcast, Money's Michelle Baltazar chats with John Addis, Money contributor and author, about his biggest investing mistakes and how to avoid them. Should you manage your investments? When to sell a stock When not to invest in a stock What about a stock that you should have bought? #friendswithmoney #michellebaltazar #johnaddis #investingmistakes Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Ever wondered what happens to torn or dog-eared banknotes, and whether Australians can get a refund for handing them in? This week on the Friends With Money podcast, Money’s Tom Watson is joined by Greg Dicinoski, chief scientist at the Reserve Bank’s Note Issue Department, to put damaged banknotes under the microscope. Just how prevalent are cash payments in Australia? What are the common, and more unusual, causes of banknote damage? What should you do with damaged cash? Can you get a refund for handing in damaged notes or coins? How does the Reserve Bank deal with damaged banknotes? Why is it important for damaged cash to be removed from circulation? #friendswithmoney #tomwatson #gregdicinoski #cash #rba Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Cooling inflation. Soaring tech stocks. 2024 has been a significant year for news, so before it ends, it's time to look back on the major stories in the world of finance.This week on the Friends With Money podcast, Money's Tom Watson is joined Money’s Managing Editor, Vanessa Walker, to reflect on some of the biggest events, trends and reforms in 2024 and how they’ve affected our financial lives. They discuss: Cryptocurrency ETFs and prices Easing inflation Interest rate stalemate Income tax cuts Nvidia and the Magnificent Seven Housing affordability Student loan reforms The Best of the Best  friendswithmoney #tomwatson #vanessawalker #finance Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Sometimes, to achieve our goals, we need to change direction. But how do you determine whether you are on the right path to achieve your desired outcomes? This week on the Friends With Money podcast, Money's Michelle Baltazar chats with author, coach, and the former CEO of Xero, Steve Vamos, on how to get back on track and stick with your plan. The importance of clarity Staying on track by alignment Compliance is mandatory Having the difficult conversations #friendswithmoney #michellebaltazar #stevevamos #change Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au

Bitcoin's value has blasted past the one hundred thousand mark and is expected to soar even higher in 2025. In this bonus episode of The Friends With Money Podcast, Money's Michelle Baltazar and Vanessa Walker discuss the highs and lows of this volatile digital currency. Money online story: https://www.moneymag.com.au/why-crypto-prices-are-surging Bitcoin edition: https://www.magshop.com.au/Products/MON240701/money-magazine-july-2024-issue Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au