Money Mechanics Canberra

14/05/2024

Money Mechanics
Happy Federal Budget Day!!

As expected no big changes in the Budget this year (keeping inflation pressure at bay). But as already announced the Stage 3.2 tax cuts are in as with some energy bill relief and indexation to superannuation contribution rates.

Aged Care has some focus but the biggest issue in the sector will continue to be staff need for clients accessing services.

Check out our update here:

Last night Treasurer Jim Charmers announced his third Federal Budget. The Federal Budget is a plan for how things will be spent and focus on what the Federal Government see’s as priorities as well as being a great transparency in our democratic system. Labor’s third Budget has focused on cost of...

09/05/2023

Check out our update from Last Nights Federal Budget! While there were few surprises in this budget announcement there are some cost of living changes which may support folks doing it tough in the system at the moment. Any questions as always please reach out!

Federal Budget Update 2023 by Scott | May 10, 2023 | News Last night Treasurer Jim Charmers announced his second Federal Budget. The Federal Budget is a plan for how things will be spent and focus on what the Federal Government see’s as priorities as well as being a great transparency in our democ...

15/12/2022

Well 2022 has been a ride that is for sure!

We have just released the last podcast episode for 2022 and have the plans in place for an exciting series in 2023.

It was great to bookend the Year with the amazing Ara Jansen (we started with a goals chat in early 2022) and now I turn over the Mic to be interviewed by Ara as we unpack cash flow and budgeting.

With a New Year about to start (and with increasing costs) it is a great time to reset and set intention about what you plan to spend in 2023.

It is all about open honest conversations (with self, partner, family and friends) and spending unashamedly on the things that are important to you. If you want a copy of our cashflow planner please reach out!

Thanks for listening it has been so much fun learning the tricks of the podcasting trade over the last few years!

Hope you enjoy the episode!

From Snoop Dogg to Sting and prize scones to long distance swimmers and now Scott Malcolm! Ara Jansen has met, interviewed or written about the famous and the rest during her extensive career as a freelance writer and rock journalist. Words, deep blues, swimming pools, books, music and good conversa...

27/11/2022

How aware are you of how you spend your time and focus your attention?

I recently read "Stolen Focus" by Johann Hari and was actually shocked to realise how commoditized our time and attention is with Social Media, Streaming Services and News consumption (even podcasts) etc.

When news is 'bad' we often pay more attention to it, which can impact our overall well being.

In the money space, we often see the gloomy headlines if shares markets lose value in a day but there isn't the same focus if markets go up the same amount.

It was great to connect with Kate Mannell to discuss research she completed with James Meese on "Doomscrolling" on the back of the COVID pandemic and lock downs in Melbourne.

Some great insights on how to manage your New's consumption and social media if it is not supporting your overall well-being or as I always like to say connected to your ideal life outcomes.

We hope you enjoy this episode.

Dr Kate Mannell is a Research Fellow at Deakin University in the ARC Centre of Excellence for the Digital Child and andthe Centre for Research in Educational Impact (REDI). Her research focuses on the design, governance and use of digital platforms with a focus on the role of digital technologies in...

25/10/2022

Last night the Albanese Government announced it's first adjustments to the Federal Budget. The Federal Budget is a plan for how things will be spent and focus on what the Federal Government see's as priorities as well as being a great transparency in our democratic system.
Labor’s first Budget was filled with measures aimed at easing the cost of living over the coming years, addressing the challenges of a slowing economy, and introducing investments designed to place Australia in a stronger position for the future. For superannuation and tax, the announcements were mainly re-commitments from earlier Budgets (so no big changes here). This includes the change to the eligibility age for downsizer contributions. The stage 3 tax cuts for 2024 are also unchanged. Instead of focusing on super and tax, most of the proposals centered around investing into key sectors and infrastructure, and providing affordable housing for more Australians through a new national Housing Accord.
Check out the full details here: https://moneymechanics.com.au/federal-budget-2022-v2/

25/05/2022

From 1 July there are a range of superannuation changes which are starting. including increasing Super Guarantee contributions to 10.5%.

There are also some great contribution strategies and changes to the First Home Saver Schemes.

Check out our blog here:

https://moneymechanics.com.au/1-july-2022-and-superannuation-contribution-changes/

29/03/2022

With the Federal Budget Last night check out our budget update at the following link. Some key changes to cost of living (fuel prices) and also some small business training offsets and payments for folks on concessional cards.

Not much on the superannuation front, although pensioners will have another 12 months of reduced pension drawdown rates if desired.

Any questions please reach out!

Federal Budget 2022 by Scott | Mar 30, 2022 | News With the Federal Budget being released last night we have prepared this update to provide you with the highlights. The Treasurer Josh Frydenberg has delivered his fourth Federal Budget overnight. Being a Pre Election Budget it should be noted that s...

24/12/2021

What an awesome way to end 2021 and our first season of the podcast.

Connecting with George D. Kinder to chat about life and freedom on the Looking Under the Hood - Unpacking Money with Scott Malcolm podcast. More than 15 years ago I did some life changing training with George and the Kinder Institute of Life Planning.

We hope you enjoy this episode as George shares some insights and reflections on being free in life and around the money stuff but also setting intention around living your ideal life.

Thanks to everyone who has listened and joined us on the ride over the last 12 months with the podcast and with our business.

See you all in 2022!

Internationally recognized as the father of the Life Planning movement, the Harvard-educated George Kinder revolutionized financial advice for over 30 years by training over 3,000 professionals in 30 countries in the field of financial Life Planning. He founded the Kinder Institute of Life Plannin...

02/12/2021

It was awesome to connect with Sean Wroe on the Looking Under the Hood Podcast.

Chatting about his recent time at the Tokyo Olympics and providing some great insights to the current mortgage market and rent-vesting!

Sean specialises in securing finance for millennial’s and helping them along their way to home ownership. He has extensive experience working with clients from all over Australia and he is dedicated to helping his clients throughout the whole process.

We hope you enjoy the episode.

https://omny.fm/shows/moneymechanics/unpacking-the-mortgage-market-with-sean-wroe

Sean was a professional track and field athlete prior to starting his career in the finance industry. Sean Won a gold medal for Australia at the 2006 Commonwealth games. He won a silver and gold medal at the 2010 Commonwealth Games and has also represented Australia at the 2008 Olympics. His success...

11/11/2021

It was awesome to connect with Sheena Stow-Smith from AdviceLink to unpack the ins and outs of the Centrelink System (think Age Pension and Income Support and Health Cards).

The last few months (if not years) has been tough for a lot of folks and the staff at Centrelink have been there to provide services and support during the pandemic.

But navigating the system can be huge. We touch on how the system is there to support folks as they transition into retirement and how to navigate the system. As well as Job Keeper and COVID Support options.

Check it out and hope you enjoy the episode.

Sheena is Founder and Managing Director of AdviceLink, an outsource Centrelink administration service.  Having held various positions in the industry since 2003, she has gained invaluable experience in paraplanning, business system operations, process development, office management and financial ad...

04/11/2021

Great to connect with Will Rainey to chat about kids and money and how to start good conversations with the young humans in your life.

His book: Grandpa's Fortune Fables: Fun stories to teach kids about money, is available now and he also has some great free resources via his blog and website.

Hope you enjoy the episode and Happy Friday!

After years providing investment advice to governments, insurance companies and some of the world's largest pension schemes, Will founded Blue Tree Savings. Blue Tree Savings is on a mission to help as many parents as possible teach their kids to be great with money. Using stories and visualizations...

29/10/2021

Great to chat with Brittney Levinson from the Canberra Times about the current state of the property market.

Scott Malcolm, financial planner and owner of Money Mechanics, said his advice to clients was "try not to get too caught up in the pressures of the system".

"We're born into the financial system and then we have these ongoing drivers to buy a house, have a mortgage, all those sorts of things. That's right for some people but it's not right for everybody," he said.

Two-thirds of Australians believe now is not a good time to buy property.