{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"246. Financial Mistakes We See Every Week (And How to Avoid Them)","description":"Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew break down the financial mistakes that catch people out most, not the obvious ones like risky speculation, but the ones made by people who genuinely think they're doing the right thing. These are the quiet, compounding errors that cost the most in dollars and time. They walk through seven of the biggest patterns they see week in, week out:  buying assets in the wrong ownership structure,  letting insurance go unreviewed for years,  holding too much cash instead of putting it to work,  treating superannuation as a problem for "future you,"  investing without any real strategy,  mismanaging debt (deductible versus non-deductible, and consumer debt that never truly goes away),  and building a financial plan that never actually gets implemented.  Using a real client example, they show how one structuring decision on a home purchase led to an eye-watering land tax bill and an unexpected capital gain hit years later. If you've ever wondered whether your investment structure, your insurance, or your cash sitting in the bank is quietly working against you, this episode lays out exactly what to check and why waiting costs more than most people realise. - 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 \u2013 AFSL 232706 Episode Highlights  Why buying assets in the wrong structure is one of the costliest, least obvious mistakes people make A real client example: a company-owned home that triggered a huge land tax bill and an unexpected capital gains hit The hidden cost of "set and forget" insurance, and what changes without you noticing Why holding too much cash can quietly guarantee you lose money to inflation Treating super as "future you's" problem, and what that really costs over decades DIY investing without a strategy: why it's closer to gambling than investing Good debt vs bad debt, and the offset account mistake that undoes your progress Why a financial plan that's never implemented is the most common mistake of all Connect with Billy and Andrew! 360 Financial Strategists    Check out our latest episode here:  Apple Podcast Spotify ","author_name":"360 Money Matters","author_url":"http:\/\/360moneymatters.libsyn.com\/website","html":"