Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we dive into the idea of being "asset rich but cash flow poor," where we might own valuable assets like property or businesses but struggle to generate enough income to support the lifestyle we want. We explore how this imbalance often shows up in retirees holding expensive homes or investment properties that don't provide sufficient cash flow, forcing tough choices between maintaining assets, downsizing, or finding ways to unlock equity. We talk through the risks of rising living costs, the emotional challenge of wanting to leave a legacy while sacrificing our current lifestyle, and the role that fear plays in decision-making. Ultimately, we emphasize the importance of planning early, getting advice, and finding balance so we can enjoy life without being trapped by our wealth on paper.
Tune in to this episode to learn how we can turn paper wealth into real lifestyle freedom without sacrificing our 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
What it means to be "asset rich but cash flow poor" and why it's more common than we think
How property, businesses, and conservative investments can create hidden cash flow challenges
The lifestyle risks of holding onto high-value assets that don't generate income
Why leaving a legacy often conflicts with enjoying life today
The impact of rising living costs, taxes, and missed opportunities on financial freedom
Strategies to unlock cash flow, from downsizing to reallocating assets
The role of fear and security in financial decision-making, especially in retirement
Why seeking financial advice early can help balance wealth, income, and lifestyle goals
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