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
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