Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we dive into how business owners can turn profit into personal wealth. We explore the dangers of reinvesting every dollar back into your business without building wealth outside of it, and the risks of assuming your business will always remain profitable or sellable. We discuss the importance of paying yourself first—treating yourself like a creditor by consistently diverting a portion of your profits into other assets like property, shares, or superannuation. We emphasize that while business owners are used to paying themselves last, developing the habit of wealth-building outside the business can safeguard against disruptions, provide asset protection, and support better retirement outcomes. We also cover strategies for asset allocation, tax minimization, and estate planning, reinforcing the value of long-term planning and diversification.

Start building your personal wealth today by paying yourself first and diversifying your business profits—because your future shouldn’t depend solely on your business.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Why relying solely on your business for long-term wealth can be risky

• The importance of paying yourself first and building wealth outside your business

• Common pitfalls business owners face by reinvesting all profits back into the business

• How to choose between investing in property, shares, or superannuation

• The role of asset protection and tax minimization in wealth strategy

• Why superannuation should be a key part of your financial plan

• The psychological impact of selling a business without prior investing experience

• Practical steps to start extracting profit and creating personal wealth now

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we dive into the real cost of procrastination when it comes to personal finances. We explore how delaying decisions—whether it's investing, buying property, sorting out insurance, or getting financial advice—can severely impact long-term wealth. We unpack the power of compounding, the snowball effects of early action, and how missed opportunities grow more expensive over time. From rising property prices to lost superannuation contributions, we highlight how time is your most valuable asset. As we share stories and insights, we emphasize that not making a decision is still a decision—with very real consequences.

Don’t let procrastination cost you—tune in now to learn how taking action today can dramatically improve your financial future.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Why delaying financial decisions can be more costly than you think

• The power of compounding and starting early with investing

• How procrastination can impact long-term property wealth and equity

• The hidden costs of putting off superannuation contributions

• Why insurance is cheaper and more effective when arranged earlier

• How refinancing your mortgage can fast-track debt elimination

• The risk of lifestyle creep without a clear financial plan

• How delayed advice can lead to missed lifestyle opportunities

• Why imperfect action is better than perfect inaction when it comes to money decisions

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we tackle the challenge of managing conflicting financial priorities. We explore the real-life dilemmas many families face balancing private school fees, home upgrades, holidays, and long-term goals like retirement or investment—all within a limited budget. We dive into the importance of understanding personal values and how they shape financial decisions. We also walk through strategies for setting dynamic budgets, anticipating lifestyle creep, and avoiding the trap of assuming higher income means financial security. By prioritizing what truly matters and planning ahead, we can navigate tough choices without sacrificing long-term financial wellbeing.

Tune in to learn how to confidently juggle your financial priorities and make smarter money decisions that align with what truly matters to you.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• How to manage competing financial priorities

• Why defining your personal values is the foundation of smart financial decisions

• The importance of dynamic budgeting and regularly reassessing your goals

• Real-life example of a high-income earner still struggling with financial pressure

• The hidden costs of private schooling beyond tuition

• How lifestyle creep can quietly sabotage your financial progress

• Why planning early gives you more flexibility and freedom later

• Practical strategies for building a cash flow system that works at any income level

• The role of financial advice in bringing clarity, structure, and discipline to your money decisions

• Why financial success is less about how much you earn and more about how intentionally you use it

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify