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Key Takeaways:

• Reconsider the significance of Easter in your financial planning, much like how you budget for Christmas.

• Explore ways to celebrate Easter meaningfully with lunches or dinners, involving family and friends.

• Consider alternatives to Easter spending, like creating your own decorations or planning holidays well in advance to save money.

• Reflect on Easter as a time to relax and unite with family, focusing on the significance of Jesus rather than just the commercial aspect.

• Engage with community and bring others into traditional celebrations, especially those who might be alone at Easter.

Notable Quotes:

• "It's not about the flavour, it's about the saviour."

• "I reckon it should be less about the bunny, more about the money."

• "Show me the heart. It's relax and reflect, not just spend money."

• "Easter is the new Christmas. That's what I'm hearing."

• "We [can] love what it represents about what Jesus did for us on the cross."

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We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

MEET OUR GUEST: Roger Montgomery has more than three decades of experience in funds management, equities analysis, trading, and stockbroking. He is the founder of Montgomery Investment Management, a boutique Australian investment firm catering to individuals, families, and their advisors. Roger is also the author of "Value.Able," a guidebook for the stock market aimed at successful investing for the next generation. Beyond his professional endeavors, Roger regularly appears on ABC Radio, ABC TV, The Australian and AusBiz.

Key Takeaways:

• Alternative investments, like private credit, can provide attractive returns with manageable risks when thoroughly researched.

• Understanding your risk tolerance and diversifying investments can lead to financial growth while minimizing stress.

• Private credit is emerging as a new asset class that could complement traditional investment vehicles in providing consistent income, especially for retirees.

• Informed decision-making, aided by expert guidance and due diligence, is crucial in navigating the realm of alternative investments.

Notable Quotes:

1. "I do believe that our conscience is God's voice and that will ultimately determine the choices that you make." - Roger Montgomery

2. "Not to be scared. Seek advice if you don't know enough about them or do a lot of due diligence." - Roger Montgomery

Resources:

• More about Roger Montgomery: rogermontgomery.com
• Montgomery Investment Management: montinvest.com
• Roger's book: Value.Able (A guide for stock market investment)

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Want quick, relevant advice for every stage of your life? Fantastic. You've come to the right place, as Ben and Pete ask seasoned finance expert Roger Montgomery to share his top tips for success. Broken down into different ages, Roger's No. 1 suggestions is a rapid-fire list you can instantly act upon. PLUS: Roger reveals how Jesus specifically shapes the core of his approach to money.

MEET OUR GUEST: Roger Montgomery has more than three decades of experience in funds management, equities analysis, trading, and stockbroking. He is the founder of Montgomery Investment Management, a boutique Australian investment firm catering to individuals, families, and their advisors. Roger is also the author of "Value.Able," a guidebook for the stock market aimed at successful investing for the next generation. Beyond his professional endeavors, Roger regularly appears on ABC Radio, ABC TV, The Australian and AusBiz.

Key Takeaways:

• Roger Montgomery shares life-stage-specific financial advice, emphasising a balanced approach to risk and reward, especially when young.
• Roger strongly believes successful investment is about treating stocks as parts of businesses, not as "gambling" entities.
• The Parable of the Talents inspires Roger’s professional approach, underlining stewardship and ethical responsibility in wealth management.
• Roger encourages Christians in finance to be open about their faith, asserting many in the industry share similar values.

Notable Quotes:

1. "My job is to read very specific things… to understand what [they] mean in terms of what the value of the business [is] doing."
2. "Don't play it too safe when you're in your 20s; have a go."
3. "You're still going to need growth. You're still going to need to invest in things that are going to go up in value."
4. "The moment I think I became a Christian… I just thought, that's a community that I want to be a part of. That's very different to the world I live in."
5. "The assumption is that people who work in finance aren't Christians [but] there's a huge number of Christian people in my industry."

Resources:

• More about Roger Montgomery: rogermontgomery.com
• Montgomery Investment Management: montinvest.com
• Roger's book: Value.Able (A guide for stock market investment)

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Hope Breakfast co-host Danniebelle Whippy returns to the podcast to discuss her own experience of many generations living under the one roof. Danniebelle gets personal about how her family shares costs, plans and financial strains. With housing affordability being an ongoing issue in Australia, Danniebelle presents the best and not-so-best of households which open their doors to more family members (or friends).

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

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Have you asked any financial questions this week? So hard to get good, reliable answers. Right? If only we had a reliable source... Ah, yes! Pete Burrows!

In this ep, Pete discusses the value of adult kids paying board, strategies for turning side hustles into full-time ventures, and tips for teaching kids about saving. We also unpack the real implications of terms such as "strong economy" and Pete clarifies common tax misconceptions.

Whether you're considering a second job, deciding between saving or paying off loans, or contemplating higher education, Pete Burrows answers all your burning questions!

Key Takeaways:

• Charging board to adult kids teaches them responsibility and prepares them for financial independence.

• To encourage children's saving habits, establish bank accounts with incentives for regular deposits and minimal withdrawals.

• Turning a side hustle into a full-time venture requires timing, family support, and financial planning. HINT: there is no "perfect" time to start a business.

• Understanding economic terms such as "strong economy" can empower personal financial confidence and decision-making.

• Evaluating university education against workforce entry and employer-supported studies requires assessing personal career goals and financial circumstances.

Notable Quotes:

• "My answer is 'Yes, people, yes, one thousand times yes' [to asking adult children to pay board]." - Pete Burrows

• "Put money into [the bank account] and then try not to take it out." - Pete Burrows

• "There's no unicorn day of the year that you go, 'You know, it's quiet yet there's willing customers out there…'" - Pete Burrows

• "A strong economy might not necessarily mean everybody's better off, but they want more people to be better off." - Pete Burrows

• "A question that is not acted upon is just a thought bubble." - Pete Burrows

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

OK, try this on for size: are we devoted to what we buy? Does what we spend on demonstrate something about what we prioritise, value and – wait for it – worship?

Hope Mornings Ben McEachen and "everyone's favourite accountant" Pete Burrows challenge us all, including themselves, to do an important audit. Are we in any danger of our lives being owned by what we buy?

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Join Ben and Pete on the 7th season of Money: Faith and Finance as they explore strategies for building wealth across various life stages. With insights into managing HECS debt, the importance of superannuation, and investing when young, they address financial challenges which we all confront. They discuss how lifelong financial habits shape wealth and consider the balance of current and future financial planning.

Key Takeaways:

• Focus on your current financial circumstances but always consider future implications.

• Younger individuals may have fewer overheads, allowing for more risk in investments.

• Superannuation might seem dull, but it’s a crucial component of a secure retirement plan.

• It’s never too late to develop sustainable financial habits — start small and grow.

• Financial decisions should ultimately serve your desired lifestyle and values, including the capacity to be generous.

Notable Quotes:

1. "The good and bad thing about money is every day is a chance to get it right and a chance to stuff it up."

2. "You can make decisions today, and the best ones put in building blocks for 'Future You'."

3. "It's never too late [even] if you're older."

4. "Pick something, build it, stick with it — every decade has its vibe."

5. "Superannuation is not something you should sleep on. Having a good retirement isn't boring."

Resources

• 2024 Woman Financial Planner of the Year Michelle Stone on podcast She Wasn't Born Yesterday - Listen here

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Key Takeaways:

• Christians, like everyone, face daily financial struggles due to inherent human imperfection.

• Financial accountability and transparency are crucial for churches and organizations to maintain trust and compliance.

• Personal financial management can be improved through humility, seeking advice, and being open to mentorship.

• Overcoming fear of perceived greed is necessary to achieve effective financial stewardship.

• Practical tools like financial software and accountability partners can aid in better budget management and fiscal responsibility.

Notable Quotes:

1. "Explaining is better because it's more grounded in facts and there's less judgment." - Pete Burrows

2. "Money by itself isn't evil, it's probably more the love of money and the pursuit of it." - Pete Burrows

3. "Need isn't greed. Needing to be concerned with money does not mean you're greedy with money." - Pete Burrows

4. "Better questions get better answers." - Pete Burrows

5. "Good accounting isn’t just about debits and credits; it's about trust." - Pete Burrows

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.