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742 renovate or sell inherited property + fair mortgage splits in relationships
In today's Q&A, Glen and financial adviser James Millard from Sufficient Funds dive into the complexities of inheriting an uninhabitable property and making tough decisions about whether to renovate or sell. They also discuss the emotional weight of inheritance, how to avoid decision paralysis, and practical steps for financial planning. Plus, they discuss a question that caused a stir in the money money money Facebook group: How do you set up a fair mortgage split when one partner earns significantly more?
๐ 'The Quick Start-Guide to Investing' by Glen James & Nick Bradley is available here: https://amzn.to/3QNNrbv
๐ Insufficient Funds by James Millard: https://amzn.to/47ZVIQW
Thanks to Sphere Home Loans for supporting the Tuesday show! Need a mortgage broker? Connect with the team here
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To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.
Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.
SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.
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749b mms: career change at 34 - Josh is in the process of moving from construction
38:08||Season 7In this my money story, Glen chats with Josh, a 34 year old listener transitioning from construction to financial services. Josh's story touches on selling his first home to fund his degree, balancing family life with full time study and the steps he's taken to make the move. This episode is a great example that career changes are possible if youโre willing to take action.ย Thanks to Skye Wealth for supporting our Thursday show! Connect with the team hereWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.749 what to do with $200k, salary packaging & HELP debt, mini property development & inheritances for grandkids
48:04||Season 7In today's episode, guest hosts Jess Brady from Financially Fierce and John Pidgeon from this is property answer your questions, covering:๐๐พ Is there a way to calculate how much to salary package to pay off HECS?๐ considerations for sub-dividing or buying an investment property๐๐ผ advice for using a $200k windfall towards goals๐๐ฝ keeping an inheritance safe for grandkids ๐ง Financially Fierce: everything you need to know before buying your first home (with Em Wallace) ๐Listen on Apple Podcast hereListen on Spotify hereHow to Subscribe to the Retire Right podcast (video): https://www.youtube.com/watch?v=DNDhMT2WJE4Thanks to Sphere Home Loans for supporting the Tuesday show! Need a mortgage broker? Connect with the team hereWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.748b airbnb taxation, CGT exemptions, 6 year rule + money coaching with Erin Davis
01:00:40||Season 7Managing an Airbnb or short-term rental sounds like easy cash, but what about the tax side of things? In this episode, Glen and accountant-turned-money-coach Erin Davis break down everything you need to know about tax obligations, record keeping, and even the CGT implications for short-term rentals. Erin also shares her journey from a decades-long career in accounting to empowering women in business with financial confidence through money coaching. The touch on:๐๐ป income from short-term rentals - what you need to declare๐ record-keeping tips to avoid ATO headaches๐๐พ calculating deductions for Airbnb income๐๐ฝ how renting a room impacts your CGT exemption๐๐ฟ the six-year rule for principal place of residence๐๐ผ what to do before renting part of your propertyCheck out Erin's podcast, The Erin Davis Show wherever you're listening to this podcast.Thanks to Skye Wealth for supporting our Thursday show! Connect with the team hereWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.748 vaping, recreational drugs, genetic testing + more (life insurance Q&A)
01:18:58||Season 7Let's talk life insurance! Financial adviser Phil Thompson from Skye Wealth joins Glen on this episode to answer all your spicy questions including:๐๐ป can insurance companies ask you to do a genetic test?๐ how do insurers consider vaping and recreational drugs?๐๐ผ help! I lost my insurance cover when I switched super funds๐๐พ can I get insurance if Iโm terminally ill?๐๐ฟ why you shouldnโt move insurers regularlyย ๐๐ฝ trying to apply for cover while investigating a health concern๐๐ป getting exclusions or loadings removed๐ can I reapply for cover if I've been denied in the past๐๐ผ stepped vs level premiums and are level premiums a scam?๐๐ฝ getting cover with pre-existing conditions๐๐พ life insurance for childrenThanks to Skye Wealth for supporting this episode! Connect with the Skye Wealth team here๐ Sort Your Career Out & Make More Money by Shelley Johnson & Glen James: https://amzn.to/3B1rQaBWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.747b wwgd: Jane's Nan has offered $90k to help buy a property
53:52||Season 7In todayโs episode Glen chats with Jane* about her financial, career, and living situation, exploring the exciting options ahead. From a potential career pivot into the arts to a $90k boost from nan to help her and her sisters enter the property market, Jane has some big decisions to make. *Name changed for anonymity.Thanks to Skye Wealth for supporting our Thursday show! Connect with the team hereWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.747 potential HELP debt changes, choosing the best super fund, ETFs inside super + the life insurance in super scandal
01:10:46||Season 7In today's episode Glen and Vince Scully from Life Sherpa discuss:๐๐ฟ proposed Government changes to reduce student loans๐๐ป choosing the best super fund for you๐ default insurance within super๐๐ผ and buying ETFs within superThanks to Sphere Home Loans for supporting the Tuesday show! Need a mortgage broker? Connect with the team hereWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.746b mortgage broker Q&A (turning your PPOR into an investment, renovation loans, kids & borrowing capacity + more)
01:00:44||Season 7In today's chat, Rachelle Kroon from Sphere Home Loans joins Glen to answer all your questions touching on:๐๐พ benefit of using a broker vs direct to bank๐๐ฟ will a mortgage broker help someone get a loan under $250k?๐๐ป how much does having a child impact borrowing capacity?๐ borrowing capacity upon returning from mat leaveย ๐๐ผ using equity to buy a new PPOR๐๐ฝ what after-settlement service can you expect from brokers?๐๐พ renovation loans๐๐ฟ financial hardship assistance & impact on refinancing๐๐ป how does applying for lending impact your credit score?๐ do mortgage brokers get kickbacks from developers?๐๐ผ building a granny flat on your propertyThanks to Sphere Home Loans for supporting this episode! Need a mortgage broker? Connect with the team hereWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.746 financial gifts in Australia, making your house an investment property, brokerage account fees + active vs passive
57:25||Season 7In today's Q&A Glen and John talk about:๐๐ป are flights to check on your investment property tax deductible?๐ financial implications for turning your home into an investment๐๐ผ do you need to pay tax on financial gifts from overseas?๐๐ฝ investment platforms & brokerage fees๐๐พ the VAP and VSO ETFsThanks to Sphere Home Loans for supporting the Tuesday show! Need a mortgage broker? Connect with the team hereWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.745b buying my first home or investment property (clarity call with Tayla)
41:05||Season 7Tayla is 27 and wants to know what it will take to purchase her first home on the NSW Central Coast. In this live clarity call, John Pidgeon from this is property and mortgage broker Genevieve Fordham from Sphere Home Loans help Tayla crunch the numbers to figure out what she can afford to buy as either a first home or investment property.Want clarity on your property situation? Book a clarity call with John hereCheck out John's book, Sort Your Property Out & Build Your Future at sortyourpropertyout.comThanks to Sphere Home Loans for supporting this episode! Need a mortgage broker? Connect with the team hereWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.