Aussie Firebug

Financial Independence Retire Early

Podcast – Terry Waugh – Structuring (Investing through a trust/company/personal name)

Podcast – Terry Waugh – Structuring (Investing through a trust/company/personal name)


ListenOnSpotifyListen-on-Apple-Podcasts-badge
 
 

Summary

Today I’m speaking with Terry Waugh who you may know as TerryW from his online legal and tax tips. Terry is admitted as both a solicitor and barrister to the Supreme Court of NSW as well as the High Court of Australia and holds specialist qualifications as a Chartered Tax Adviser. He operates as a lawyer specialising in tax, estate planning, asset protection, and trusts for property and share investors.

Some of the topics in today’s episode include:

  • What structuring options do investors have when owning or controlling assets – specifically property and shares? (05:22)
  • Land tax – when is it relevant to property investors? (08:34)
  • Do many people invest through a company and what are the benefits of doing so? (10:43)
  • What trust structures work best for property and share investors? (13:40)
  • What is a trust, how do they work and how do investors benefit from trust structures? (15:44)
  • What are discretionary trusts and why are they so commonly used? (19:05)
  • What are the main pros and cons of using a trust structure and when does it make sense to use one? (20:49)
  • How does a trust structure protect your assets? (25:20)
  • How do distributions work when investing through a trust? (27:10)
  • Who can pay money into a trust and how does that work? (29:42)
  • When does it make financial sense to set up a trust? (34:38)
  • How much do trusts cost to set up and to keep running? (35:34)
  • What is a bucket company and why would anyone use it? (36:14)
  • Terryw’s Tax Tip #14 – Never park money in a loan – why avoiding mixed purpose loans is so important. (40:09)
  • How to set up and execute a debt recycling strategy in 2021. (42:54)
  • Are testamentary discretionary trusts a good option for preserving wealth for your kids? (47:49)
  • Why Terry thinks that a testamentary discretionary trust is the ultimate structure. (50:00)
  • Buying an investment property through a company structure. (54:06)
  • Protecting your own assets when entering a new personal relationship. (55:34)
  • Who is the best person to see for investment structuring advice – a lawyer, accountant or financial adviser? (01:00:12)

 

Links

Podcast – Are Financial Planners worth the money? feat. Paul Benson

Podcast – Are Financial Planners worth the money? feat. Paul Benson


ListenOnSpotifyListen-on-Apple-Podcasts-badge
 
 

Summary

Today I’m speaking with Paul Benson from the Financial Autonomy podcast. Paul is a tertiary-educated financial planner with over 20 years of experience. We talk about the role of a financial planner and Paul gives us some real-life examples of how financial planners are able to assist us with our FIRE journeys.

Some of the topics in today’s episode include:

  • What exactly is a financial planner?
  • Why do financial planners have a bad rep in the FIRE community?
  • How much does a financial planner actually cost and what should you expect for that fee?
  • How do financial planners get paid and how do you tell a good financial planner from a bad one?
  • If someone already has a dialled-in FIRE plan, where is the value in paying a financial planner?
  • How to find a good financial planner. Is there a financial planner directory in Australia?
  • What questions should you ask and what to avoid when choosing a financial planner?

 

Links

 

Transcript:

Heads up grammar police, the following transcription is half human half machine and not 100% perfect so expect a few typos and errors…

Coming soon

Podcast – Equity Mates

Podcast – Equity Mates


ListenOnSpotifyListen-on-Apple-Podcasts-badge
 
 

Summary

Today, I’m excited to have Bryce & Alec from the extremely popular Equity Mates podcast on the show. We go deep into all things Equity Mates and there’s even some footy talk as well.

Some of the topics in today’s episode include:

  • How long have Bryce & Alec been friends and what’s the story behind the Equity Mates Podcast?
  • Bryce & Alec talk about how they were brought up and how each of them learnt about money and investing.
  • How Alec lost all his money in his first investment on the stock market.
  • What has changed since Bryce started his investing journey?
  • The Equity Mates investing goals, philosophies and strategies. What do Bryce & Alec actually invest in?
  • The advantages that retail investors have over fund managers.
  • Does Bryce really hate the FIRE movement?

 

Links

 

Transcript:

Heads up grammar police, the following transcription is half human half machine and not 100% perfect so expect a few typos and errors…

Coming soon

Podcast – Solar Energy with Finn Peacock

Podcast – Solar Energy with Finn Peacock


ListenOnSpotifyListen-on-Apple-Podcasts-badge
 
 

Summary

My guest on the show today is Finn Peacock from SolarQuotes.com.au. Finn is an electrical engineer with a passion for renewable energy that led him to create a business dedicated to helping people bring solar energy into their homes. Finn started the SolarQuotes company in 2009 and is an expert on retail domestic solar systems and renewable energy.

Some of the topics in today’s episode include:

  • Finn’s backstory and how he ended up getting involved with solar energy.
  • What to think about if you’re considering buying a solar system for your home.
  • How does a solar system actually save you money?
  • How to decide what size solar system is right for your home and how to calculate the payback period.
  • Common mistakes people make when choosing a solar system.
  • Where does Finn see the future of sustainable energy heading?

 

Links

 

Transcript:

Heads up grammar police, the following transcription is half human half machine and not 100% perfect so expect a few typos and errors…

Coming soon

Podcast – Value Investing with Owen Raszkiewicz

Podcast – Value Investing with Owen Raszkiewicz


ListenOnSpotifyListen-on-Apple-Podcasts-badge
 
 

Summary

Today I’m joined by Owen Raszkiewicz from the Australian Finance Podcast and the Australian Investors Podcast. Owen is the founder of Rask which is a financial and investment education company based in Melbourne. Prior to founding Rask, Owen was an investment analyst at the managed funds research business Zenith Investment Partners and a Writer/Analyst for The Motley Fool Australia. We touch on a lot of interesting topics in this pod but one area that I was really keen to pick his brain on is active investing. Owen has a breadth of knowledge in this area that far exceeds my own and I think it’s good to hear another point of view from an expert.

Some of the topics in today’s episode include:

  • Owen shares his personal story of growing up and his relationship with money.
  • The light bulb moment when Owen understood a common pathway to financial success.
  • Owen’s investing philosophy, principles and personal financial goals.
  • What is value investing and how does it work?
  • Can an active investor actually beat the market over a long time period following a set of principles and guidelines?
  • Do private investors really have an advantage over fund managers?
  • What is Rask all about and what does Owen hope to achieve through the company?

 

Links

 

Transcript:

Heads up grammar police, the following transcription is half human half machine and not 100% perfect so expect a few typos and errors…

Coming soon

Australian FIRE Calculator
Send it!
close-link
Get Calculator!
Get FREE Aussie Firebug updates, tips and tricks, and exclusive content!
Subscribe
No spam. Unsubscribe anytime.
close-link
Subscribe
Subscribe

Stay Connected!

Join others who get FREE Aussie Firebug updates, tips and tricks, and exclusive content!
SUBSCRIBE
close-link