We are now Money Over 50 Financial Advisers
Money Over 50 podcast.
We invite you to listen to our podcast; Money Over 50. In each episode we discuss (and sometimes debate) the issues that matter.
If you have any topics that you would like us to discuss, questions you want answered or simply want to get in touch... please feel free to contact us via our podcast's dedicated email at podcast@mo50.com.au
If you have any topics that you would like us to discuss, questions you want answered or simply want to get in touch... please feel free to contact us via our podcast's dedicated email at podcast@mo50.com.au
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102 FAQ - Who are your clients?Click to listen.
Michael and Dallas elaborate on the frequently asked questions by prospective and current clients. This particular episode discusses the types of clients Dallas and Michael take in and some of the more common aspects of clients of Lighthouse Financial Advisers. |
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101 The highest likelihood of enough vs the highest expected valueClick to listen.
If you had the choice of investing in a way that gives the highest likelihood of $2,000,000 in retirement OR invest in a way that gives you a 50/50 chance of having $3,000,000 or $1,000,000 at retirement, which would you choose? |
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100 5 luxury goods in retirementClick to listen.
This episode discusses 5 luxury goods people have while in retirement, but usually do not realise why it is a luxury. These 5 things are: having more than 10% in cash; owning your own home; having a spare room in your residence; having 2 cars; overseas travel. |
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099 A look back: almost 100 episodesClick to listen.
100 episodes for the Money Over 50 podcast! Michael and Dallas have enjoyed being able to provide valuable information to their listeners and are eager to keep on going. This episode will highlight some of their favourite episodes ever recorded, while discussing some of their most important points. We thank you all for tuning in! |
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098 Why depreciation is a real expense, not just a tax deductionClick to listen.
Depreciation is what happens when an asset loses value over time. Some may see depreciation only as the tax deduction that they can claim, but fail to realise that depreciation is really there because the asset in question is dropping in value (through things like wear and tear). |
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097 How to give money to your kidsClick to listen.
The last episode discussed when it is a good time to give some money to your kids. This episode goes into detail on how you should be giving money to your kids to ensure you are acting in the best interest of both yourself and your kids. |
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096 When to give money to your kidsClick to listen.
Dallas and Michael discuss the topic of giving money to your kids and give examples of situations that really work well and times that don't necessarily work well. |
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095 Why I decided to rent again and why most retirees shouldClick to listen.
On this episode, Dallas discusses with Michael why he has decided to rent again instead of buying his own home and explains why his reasoning sits in line with those a retiree should keep in mind. It all comes back to trade-offs and the lifestyle you truly wish to have in retirement. |
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094 Listener Questions: selling property now vs at retirementClick to listen.
A fantastic listener question coming in from Mike, asking Dallas and Michael to discuss his some options in regards to his situation. This topic explores the situation those who have most of their retirement savings tied up in investment property and the options that they have to help secure a comfortable retirement using Mike and his wife Jannene's situation as an example. |
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093 Definition of a financial adviserClick to listen.
Dallas and Michael discuss what it is that a financial adviser actually does for their clients. The role of guidance and direction is just as important as the technical-know-how. |
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092 Why we can only take on 50 more clientsClick to listen.
This episode provides some background on the Money Over 50 podcasters, diving into what their business actually looks like in terms of size. |
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091 Profit first part 2 - LogisticsClick to listen.
This episode discusses the logistics of "profit first" and how you can put the theory into place in your household. |
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090 Profit first part 1 - TheoryClick to listen.
This episode discusses the theory of "profit first" Revenue - Profit = Expenses and why it is better than the old way of thinking of basing your profits off your revenue and expenses Revenue - Expenses = Profit (Michalowicz, 2017). The theory was originally based at a company level, but has been adapted by Michael and Dallas to suit a household. |
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089 Investing in one company is like a day at the racesClick to listen.
We know that when betting on a 'sure-thing' racehorse, there is still a large chance that it won't win and you'll lose the gamble. But when it comes to investing in a single company, people struggle to see that it very similar to a gamble. The gamble can be educated, but there is still a very real risk of you losing. |
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088 Turning $100 per week into $100,000Click to listen.
Michael and Dallas discuss how a big of a difference a regular investment of $100 can make to your future savings. Have a look at your expenses, is there a spare $100 that is being spent each week on something with little to no value that you could invest instead? |
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087 What to do after you make a mistakeClick to listen.
In life, you'll find yourself making mistakes often and it is no different in the world of investing. But, it is the lessons learnt and the decisions made afterwards that can make a positive impact on your plans. |
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086 Retirement planning is a series of sprints not a marathonClick to listen.
Michael and Dallas discuss the importance of looking at the short term objectives and doing the best you can do during those periods. Focusing on your short term objectives can help make that long term goal become more achievable. |
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085 Making decisions based on a plan or fearClick to listen.
This episode has Dallas and Michael discusses the troubles that can be involved when making financial decisions that are influenced by your fears. |
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084 Taxes in retirementClick to listen.
Michael and Dallas discuss a number of different types of taxes involved in retirement, revealing the most tax effective ways to use your money during this time. |
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083 Why it's not as easy as just buying shares while they're cheapClick to listen.
Dallas and Michael explain how successful investing is not just about buying shares at a cheaper price. To become a successful investor, it is more likely the long term plan that you follow will do you more good. |
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082 Listener Question: When to seed 1-2 years worth of income needs in retirementClick to listen.
This listener question gets Michael and Dallas discussing some of the time frames one might look at when it comes to moving some of their retirement savings into cash. It might not be the answer you have been lead to believe! |
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081 5 legal loopholes to take advantage of (Version 2)Click to listen. Click to watch on YouTube.
This episode reveals 5 legal loopholes/tax-savings that you can use in order to maximise your retirement savings! |
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080 No BoundariesClick to listen. Click to watch on YouTube.
Michael and Dallas discuss how the current day and age makes the possibility of providing financial advice to people outside of Townsville so much easier. They emphasise the fact that their clients who live outside of Townsville or Queensland still receive the same quality of financial advice as a Townsville resident would. There are no location boundaries in Australia when it comes to financial planning with Lighthouse Financial Advisers. |
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079 Listener Question: Low income earnersClick to listen. Click to watch on YouTube.
The first of our new "Listener Question" episodes has Michael and Dallas discussing the importance of building your retirement savings even as a low income earner. They reveal strategies and tips that can help these low income earners maximise their retirement savings as much as possible. |
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078 No such thing as no riskClick to listen. Click to watch on YouTube.
In this episode Michael and Dallas discuss how being a risk-averse investor doesn't get rid of risk for you as an investor. Instead, you create a trade-off and shift that risk over to a different area. |
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077 What does "keep some powder dry" mean?Click to listen. Click to watch on YouTube.
Michael and Dallas discuss the importance of being in a position to meet living expenses and unexpected costs when things change, without needing to sell down your investments at discounted costs. Dallas emphasises that it does not mean for you to hold off investing to try and time the market. |
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076 What matters and what doesn't matterClick to listen. Click to watch on YouTube.
Financial planning is all about trade-offs, and a lot of the time people don't understand the ramifications their financial actions can make. Having an understanding of what matters and what doesn't can help you see the big picture. |
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075 Case study - 4 years from retirementClick to listen. Click to watch on YouTube.
This episode looks at a case study for a stereotypical client couple of Dallas'. Using their example to highlight the importance of having a viable retirement plan and taking the steps needed to achieve it. |
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074 Willpower is a mythClick to listen. Click to watch on YouTube.
When it comes to saving money a lot of people think that it's their willpower or lack thereof that dictates how much they save. But in reality, it's a persons processes and habits that actually make the difference. |
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073 Hybrid VigourClick to listen. Click to watch on YouTube.
It is said that when breeding cattle, especially in North West Queensland, you want the base of your cattle to be a tough breed (Brahman) that can withstand drought and low nutrition, and you want a softer British breed (Charolais) to go over those cows. The theory is that the progeny of that first cross will be better than both original parents, and would be better than the offspring of a cross bred cow and bull. This is how we look at the way our clients money should be invested, where short-term and long-term money should be separated in different asset classes and not mixed together. |
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072 What scares you about retirement?Click to listen. Click to watch on YouTube.
When coming into retirement a lot of questions may run through the heads of the near retirees both consciously and subconsciously. These thoughts can be associated with financials, or even just wondering what you are going to fill your time with. |
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071 3 immediate changes you can makeClick to listen. Click to watch on YouTube.
Dallas and Michael share 3 common strategies that they use with new clients to help them reach their retirement goals. These immediate changes can also be put into place by you, the listener. |
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070 Lack of financial doing is like me not going for my medical testsClick to listen. Click to watch on YouTube.
Creating the plan is all well and good but without any action being taken, the plan doesn't mean too much. We are lucky enough to have Kylie, our Director of Financial Doing, and she is the one who gets things done. |
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069 Why we only take on new clients over 50Click to listen. Click to watch on YouTube.
At Lighthouse Financial Advisers Townsville we pride ourselves in being retirement specialists, focusing on people over 50. This episode dives into our reasoning as to why we decided to focus our time on these people. |
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068 Claiming your $10,000 tax refundClick to listen. Click to watch on YouTube.
This episode discusses the importance of utilising the concessional contributions cap each year, and the new carry forward rule which allows you to make use of missed concessional contributions from previous years. |
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067 Covid-19 Update: Wind in our sailsClick to listen.
It has been 3 weeks since our final Covid-19 update, but after seeing such positive movements in the financial market recently, we thought it would be good to discuss how the world has finally got some wind back in its sails. |
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066 Case study - 10 years from retirement with job changesClick to listen. Click to watch on YouTube.
Another real-life case study on a client couple of ours who achieved their retirement goals even with job changes happening late in their working life. |
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065 Case study - Travelling each year and then semi-retiring at age 58Click to listen. Click to watch on YouTube.
This case study focuses on the retirement plans and outcome of a single woman who wanted to be able to retire early and still have the ability to travel each year up until retirement, retaining a good balance of life. |
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064 Investing is the worst form of retirement planning excepting for all othersClick to listen. Click to watch on YouTube.
This episode discusses why investing in growth assets is not a perfect form of retirement planning, but compared to the other forms it is the best way. |
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063 Why you should make personal contributions to super instead of salary sacrificingClick to listen. Click to watch on YouTube.
Dallas and Michael discuss two different methods of maximising your concessional contributions in order to increase your tax savings, explaining why they prefer claiming a deduction on after-tax personal contributions to salary sacrificing. |
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062 Hand up VS Hand outClick to listen. Click to watch on YouTube.
Providing hand outs to your adult children is not necessarily in the best financial interest of either parties. However, there are ways to 'hand up' this money to benefit the receiving party and not cement bad financial habits. |
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061 When to sack the coach (Financial Adviser)Click to listen. Click to watch on YouTube.
In this episode we discuss different examples of when it is/isn't suitable to leave your current financial adviser. |
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060 Final Covid-19 updateClick to listen. Click to watch on YouTube.
This episode is the last of the weekly Covid-19 episodes that were keeping you in touch with what's happening in the financial markets during this time. |
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059 You can’t take away risk, you can only shift itClick to listen. Click to watch on YouTube.
Michael and Dallas discuss risk and how changing your investment plan to reduce market risk (volatility) is simply shifting your risk over to somewhere else i.e. possibility of running out of money due to purchasing power risk. |
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058 Covid-19 Update: 24% off everythingClick to listen. Click to watch on YouTube.
This week has seen some easing of restrictions and plans for more to lift in the near future. We are still in discount territory for investing, with the market being down 24%. |
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057 What is an account based pension?Click to listen. Click to watch on YouTube.
The term account based pension can confuse a lot of retirees, in this episode we aim to break it down for you in a way that you can understand. |
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056 Why we say companies instead of sharesClick to listen. Click to watch on YouTube.
In this episode, we discuss why we have decided to utilise our language to remind our clients that they are invested into companies and not just a number on piece of paper. |
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055 Covid-19 Update: Up 5% Mon-Thurs, then down 5% FridayClick to listen. Click to watch on YouTube.
The week started off well with a 5% rise in the market to start it off, but by Friday it went back down to where it started at the week at 27% off everything. This is volatility at its finest. |
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054 Fear of loss Vs. Fear of missing outClick to listen. Click to watch on YouTube.
In the world of investing there are two major types of investing: the fear of loss, and; the fear of missing out. It would be safe to say that as investor's we have all felt these fears in some instance. |
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053 Covid-19 Weekly Update: 27% off everythingClick to listen. Click to watch on YouTube.
This episode is another update on the financial world during the Covid-19 pandemic. You can see the pattern in our terminology; seeing the low market values as an opportunity instead of issue, can do wonders for your retirement planning. |
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052 How to add $500,000 to your superannuation balanceClick to listen. Click to watch on YouTube.
Adding half a million dollars to your retirement savings may seem like a foreign thought during times like these (Covid-19). However, we'll discuss why having a well thought out and executed plan can help you achieve that. |
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051 Why moving your super into cash could cost you $250,000Click to listen. Click to watch on YouTube.
Moving your super into cash may feel like a safe move because you avoid the worries caused by volatility, but in reality, it opens up a whole new risk and can have a negative impact on your retirement savings. |
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050 Covid-19 Weekly Update: 23% off everythingClick to listen. Click to watch on YouTube.
The Australian market is still on sale for those wanting to invest, now sitting at 23% under it's previous high. On top of that, the S&P 500 (top American companies) is down by only 17% even though they have a large and very serious threat with Covid-19. |
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049 Why a residential investment property is the worst asset to own in retirementClick to listen. Click to watch on YouTube.
In this episode Dallas and Michael discuss owning residential property in retirement, and highlight the many negatives that come with owning this type of asset. |
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048 What does a 30% , 40%, and 57% drop feel like - Part 3Click to listen. Click to watch on YouTube.
This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The final part of this series focuses on the recovery from the GFC (2009 to now). |
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047 Covid-19 Weekly Update: 25% off everythingClick to listen. Click to watch on YouTube.
Just recently we had done a podcast talking about the volatility caused by Covid-19 where the market was 35% down from the top; it is now at 25% down from the top. Yet we still can't predict whether it has hit the bottom or not, all we know is that there is still a "discount" on shares at the moment and it may be a great time to start planning for your future. |
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046 What does a 30% , 40%, and 57% drop feel like - Part 2Click to listen. Click to watch on YouTube.
This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The second part of this series focuses on Michael's experience during the Global Financial Crisis (2007-2009). |
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045 What does a 30% , 40%, and 57% drop feel like? - Part 1Click to listen. Click to watch on YouTube.
This 3 part series involves Dallas Davison interviewing Michael Hogue on his experience through times of significant market drops. The 1st part of this series focuses on the boom years (2001 to 2007). |
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044 Why now is a great time for retirement planning Click to listen. Click to watch on YouTube.
We're in a stressful time due to Covid-19, and the thought of retirement planning might be pushed to the back of your mind with so much going on. However, it might actually be a really good to establish or enhance your retirement plan. |
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043 Covid-19 Weekly Update: 30% off everythingClick to listen.Click to watch on YouTube.
This is the first update of our weekly financially-related Covid-19 discussions. This episode's focus is on how a different mentality regarding the market price drops caused by Covid-19 can become an advantage to your retirement savings. |
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042 'When things settle down', and what that really meansClick to listen.Click to watch on YouTube.
During periods of high volatility and uncertainty, it's understandable why some people want to reduce that pain by pulling their money out into cash and reinvesting it when things settle down. Unfortunately, this a quick way to crystallise your losses, therefore, losing retirement savings in the process. |
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041 Why volatility isn’t a sign you did something wrongClick to listen.Click to watch on YouTube.
Volatility is a part of every day life... When it comes to investing, it becomes apparent even more. But just as there are highs, there will be lows, it does not mean you have done something wrong |
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040 Cash is kingClick to listen. Click to watch on YouTube.
The old fashioned 'cash' method of payment for certain expenses might be a massive help with your bad spending habits. The convenience of technological advances, such as tap and go, blinds you from seeing yourself blow your budget out, but visually watching your cash go down is an excellent way to cap your expenses. |
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039 How to avoid a 17% inheritance taxClick to listen. Click to watch on YouTube.
When you pass away, if your money is being passed onto a non-dependant beneficiary (e.g. adult children) a portion of these funds will be taxed. Dallas and Michael discuss a way to avoid this inheritance tax. |
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038 Generation X turns 55Click to listen. Click to watch on YouTube.
How time flies, the first of Generation X turns 55 this year (2020). This is a significant time because this is when the thought of retirement really creeps up in someones mind. |
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037 What not to do about market volatilityClick to listen. Click to watch on YouTube.
Market volatility is an unavoidable aspect of investing in shares, but don't let your panic dictate the decisions you make. |
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036 Soup NaziClick to listen. Click to watch on YouTube.
This episode refers to the classic Seinfeld episode "The Soup Nazi" and explains why it is important for the financial planners and their clients to create and follow processes to ensure that the work that we do is done correctly and to a high standard. |
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035 3 ways that people lose money in sharesClick to listen. Click to watch on YouTube.
When it comes to building up your retirement savings, investing in shares can be really effective. However, there are things to avoid and precautions to take to ensure you don't lose money in shares. This episode looks into a few of the main reasons people lose money in shares. |
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034 5 reasons couples argue over moneyClick to listen. Click to watch on YouTube.
Being in a relationship will bring forward unavoidable individual differences that may lead to arguments. Michael and Dallas discuss some reasons why couples argue over money. |
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033 Should you pay off your mortgage or contribute to super?Click to listen. Click to watch on YouTube.
Life is full of finite resources, With money being no different. This episode explores some the decision making process needed before deciding to use your spare cash flow to pay off your mortgage or contribute to super. This ranges from interest rates to tax savings and more. There is an answer for everyone, but the answer depends on the circumstances surrounding you. |
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032 We don't live an extravagant lifestyleClick to listen. Click to watch on YouTube.
Hearing "we don't live an extravagant lifestyle" is usually followed by a deviation to the plan or a denial in one's spending habits. Whatever your lifestyle is, and whatever you choose to spend your money on are simply the facts. The best predictor of your future spending habits is to look at what you're spending is like now. |
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031 What's a good investment?Click to listen. Click to watch on YouTube.
Michael and Dallas discuss the common question they receive "what's a good investment?". They discuss whether or not there is a perfect investment and how different plans may require different investment plans. |
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030 Making the most of the decadeClick to listen. Click to watch on YouTube.
It's a new decade! Michael and Dallas discuss a story about a couple's 9 year experience as some of Lighthouse Financial Advisers earliest clients. They use their real-life story as an example to prove that you can make a significant difference to your future retirement if you stay consistent and focused. |
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Episode 001
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Dallas Davison and Michael Hogue are Financial Advisers and Business Owners at Lighthouse Financial Services Townsville. The information in each podcast episode is general in nature and does not take into account your objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate for you and your personal circumstances. If you require personal advice, please contact Lighthouse Financial Advisers.
