Money: Faith & Finance

Key Takeaways:

• Yes, Capital Gains Tax has changed in Australia.
• Pete breaks down what they actually are, when they come into effect, and likely outcomes.
• This might be a helpful prompt to reconsider your own criteria for investment 
• Pete Burrows: "You want to get ahead, but ahead of who?"

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it o...

Key Takeaways:

• One in three Australian workers fear AI might replace them, while a similar proportion of businesses actively use AI technology.
• AI can perform mundane, repetitive tasks, allowing workers to focus on high-value, human-centric job aspects.
• The website "aicompass.com" can help individuals gauge their job's exposure to AI influence.
• Engaging with AI, even in small ways, can help workers adapt and potentially reduce...

Are retirement expectations in Australia keeping up with reality? Ben McEachen and Pete Burrows dig into the numbers — including why Australians now think they need $1.9 million to retire — and ask whether that figure is realistic for ordinary people. Pete shares what he genuinely sees with real clients, unpacks the ASFA super benchmark, and offers his three M's framework for building a fulfilling retirement. Whether yo...

Key Takeaways:

• Australia experienced around $31.5 billion in gambling losses in 2022-2023, indicative of a growing nationwide concern and need for robust policy intervention.
• Pete Burrows emphasises the importance of understanding the opportunity cost associated with gambling, suggesting it can detrimentally affect essential household finances.
• The episode addresses how digital platforms have simplified gambling, raising stake...

Key Takeaways:

• Income disparity should not define contribution value in household finances; consider all types of work and responsibilities.
• Establishing open, continuous financial dialogues between partners can prevent misunderstandings and foster unity.
• Approach household finances with a focus on cooperation and equality rather than dominance, regardless of income size.
• Differences in income levels can raise relational and d...

Sara is a single mother residing in Sydney, Australia, who impressively manages the household dynamics of five children, aged 12 to 19. Additionally, Sara is a devoted foster carer, providing a nurturing environment not only for her children but also for those in need. Her life is a testament to community support, resourcefulness, and unyielding faith, offering her both challenges and a profound sense of fulfillment.

Key Takeaways:

Key Takeaways:

• Recent changes in Australia's federal budget could significantly affect wealth building, specifically through adjustments to capital gains tax and negative gearing.
• The government may aim to make property a less attractive investment over time to address broader housing affordability challenges.
• Small business owners and startups could be particularly impacted by these tax changes due to adjustments in how capit...

About the Guest:

Tim Costello is an Australian advocate known for campaigning against gambling harm. A former CEO of World Vision Australia and regular contributor to the Centre for Public Christianity, he now leads the Alliance for Gambling Reform, a leading national advocacy group working to reduce gambling-related harm. Costello has long been an outspoken critic of gambling practices and policy, advocating comprehensive reforms ...

Key Takeaways:

• The Federal Budget 2026 primarily benefits workers and the lower middle class by targeting tax reforms over monetary handouts.
• Major tax reforms target capital gains and negative gearing, aiming to make housing more accessible and affordable.
• The budget reflects a shift towards providing benefits for earners as opposed to owners, potentially leading to long-term societal gains.
• Current investors relying on negat...

Anglicare's Rental Affordability Snapshot - National Report

Anglicare's Rental Affordability Snapshot - NSW and ACT

About the Guest:

Rob Stokes is the Group Executive of Housing at Anglicare Sydney. With a distinguished background as a former Member of Parliament in New South Wales, Rob has transitioned to focus on housing affordability and social welfare. At Anglicare, he oversees initiatives aimed at addressing the housing crisi...

Key Takeaways:

• Wisdom vs. Wealth: Wisdom can offer more sustainable benefits than wealth, providing a foundation for making sound financial decisions.
• The Biblical Perspective: Applying biblical principles, such as those found in the Book of Proverbs and the Book of James, can guide financial decision-making.
• Wisdom in the Workplace: The notion of "wisdom work," especially in the age of AI, emphasizes the importance of human j...

Key Takeaways:

• Capital gains tax in Australia was established in 1985 to tax profits made from asset sales, excluding the primary residence.
• The current 50% discount on CGT, introduced by the Howard government in 1999, was intended to foster investment but has led to disproportionate effects on the housing market.
• There's ongoing speculation about potential changes to tax policy in the upcoming federal budget, possibly affecti...

Rosie Kendall is the CEO of Hope Economy, formerly known as Christians Against Poverty (CAP) Australia. Originally from the UK, Rosie joined CAP Australia in 2013 after working with its parent organization in the UK. She has over 19 years of experience in financial services and community development, dedicating her career to helping churches support individuals facing financial distress. Under her leadership, Hope Economy focuses o...

Key Takeaways:

• Understanding Panic Buying: The episode unpacks panic buying behavior, analyzing its origins in consumer psychology and communal impacts.
• Psychological Profiles in Purchasing: Leveraging Canadian and Australian studies, Ben and Pete outline consumer types from egalitarians to agentic egoists.
• The Role of Governments: A thought-provoking discussion on when governmental intervention is necessary to prevent supply ...

Key Takeaways:

• Young adults should emphasise and make use of the time advantage in their 20s to build both financial literacy and savings through small, consistent steps.
• Building good financial habits involves setting processes that automatically allocate savings and expenses, reducing the temptation to overspend.
• Having a buffer in terms of savings is crucial to cover living expenses for at least three to six months in case ...

Is private health insurance actually worth it in Australia? Ben McEachen and Pete Burrows dig into one of the most common financial headaches Aussies face — weighing up the cost of private cover against what Medicare already provides. They break down the Medicare levy surcharge, what private policies often leave out, and how to figure out if going private makes financial sense for your stage of life. If you've ever stared at ...

About the Guest(s):

Kat Halliday is a vital member of the Ethical Fashion team at Baptist World Aid, an organization dedicated to international aid and development with a strong focus on promoting ethical and sustainable fashion. Through her role, Kat spearheads efforts in creating the Ethical Fashion Guide, which engages with fashion brands to enhance transparency about their environmental and labor practices. Her profound commitm...

Key Points:

• Budgeting Strategies: Break down your income using frameworks like the 50/30/20 rule to allocate money efficiently for bills, living expenses, and savings.
• Zero-Based Budgeting: Allocate every dollar of your income each month to optimise your financial planning and ensure all funds are accounted for.
• Automation and Consistency: Automate your savings and payments to maintain financial discipline and remove emotional...

Key  Points:

• Loud Budgeting vs. Quiet Luxury: Discusses the origins and contrasts of 'loud budgeting' and 'quiet luxury,' and how these paradigms influence personal financial conversations and transparency.
• Cultural Resistance to Money Talk: Explores the traditional reluctance of Australians to discuss finances and how embracing open conversations can lead to healthier financial practices.
• Financial Savviness Among Millen...