Savvy Money Talks

Hosted by Cara Mollica

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Aug 2024

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About the show

Welcome to Savvy Money Talks. This podcast is here to break down barriers and normalise women talking openly about money, investing, and wealth. Join host Cara, your financially savvy BFF, as she dives deep into the topics that will empower you on your journey to financial independence. We'll explore the transformative power of understanding your beliefs and attitudes towards money, so you can break free from limitations and create a mindset of abundance as well as financial education about managing and investing money effectively to help you take charge of your financial future.

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22 recent

August 23, 202413 min

Ep21 - Fitness Lessons for Financial Success

In this episode of Savvy Money Talks, I share valuable insights gleaned from my fitness journey and how these lessons can be directly applied to building wealth and achieving financial freedom. Tune in as we explore the power of consistency, embracing beginner's mindset, building habits, finding your financial tribe and setting achievable goals. I discuss: ** How Consistency is Key.....yes I know this isn't exciting, but it works! ** Stepping out of your comfort zone. Don't shy away from new financial skills or concepts, even if they seem challenging at first. ** Changing your identity around wealth and creating good, sustainable habits ** Finding Your Financial Tribe: Surround yourself with like-minded individuals who are also on their financial journey. ** Set Mini-Goals: Break down your big financial goals into smaller, more achievable milestones. This episode serves as a powerful reminder that the principles of fitness and finance are closely intertwined. By adopting the discipline, mindset and habits that lead to physical well-being, we can also cultivate financial strength and resilience. Remember, it's a journey of continuous learning and growth. The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

August 12, 202414 min

Ep20 - The difference between income focused investing and capital growth focused investing

In this episode of Savvy Money Talks, I dive into the difference between income focused investing and capital growth focused investing.I discuss: ** The two components which make up your returns from investing in shares. ** Other factors to consider when it comes to the 4% withdrawal rule ** Why you need to be aware of longevity and sequencing risks. ** Why it's important to still have a focus on diversification when you have an income focused portfolio The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

July 29, 202414 min

Ep19 - The Things I wish I not knew but implemented about money when I was in my 20's!

In this episode of Savvy Money Talks, I dive into the financial strategies and mindset shifts that can set you up for success, amazing if implemented in your 20s but applicable regardless of your age.I discuss: ** The importance of mastering money management as it's the foundation of financial growth. ** Increase Your Earning Potential: Invest in your skills and knowledge to boost your income and open up new opportunities. ** The Mindset Side of Money: learn how to cultivate a healthy financial mindset. ** Strategy and Mindset: A Powerful Combination: Discover why both a solid financial strategy and the right mindset are crucial for achieving your financial goals. The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

July 17, 202413 min

Ep18 - Are You Truly Investing Passively? Unpacking the Nuances of Passive Investing

In this episode of Savvy Money Talks, I dive deep into the world of passive investing and explore the crucial distinction between passive and active management. Many investors believe they are investing passively simply by holding ETFs, but the reality is more nuanced. I discuss: ** What passive management and active management mean ** Discuss the implications of your investment actions ** Provide strategies to ensure you’re truly investing passively The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

April 19, 202415 min

Ep17 - More On The Australian Housing Market

In this episode of Savvy Money Talks, I discuss the intricacies of the Australian housing market, challenging conventional beliefs about property ownership and exploring alternative paths to wealth accumulation.I discuss: ** The entrenched belief in Australia that property ownership is the ONLY path to wealth and why this may be detrimental for you in the future ** Cultural and familial influences often perpetuate the notion that property ownership equates to security and success, but this mindset may not align with modern economic realities. ** Rising housing prices, increased debt burdens, and a shifting regulatory environment over the last 50 years have reshaped the landscape of property ownership, leading to greater financial strain and inequality. ** Renting coupled with strategic investments in the share market can offer comparable returns to property ownership, providing greater choice and flexibility Morningstar article Financial Freedom Fundamentals Waitlist The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

March 30, 202413 min

Ep16 - Why Investing Is A Must For Women

In this episode of Savvy Money Talks, I delve into the imperative need for everyone, especially women, to invest for a number of reasons including a secure financial future.I discuss: ** How saving alone will not enable you to reach your goals and have a safe retirement or early retirement ** Why time is your biggest ally ** The choice and freedom to pursue personal goals, from travelling to entrepreneurship, while also providing a safety net in challenging situations like coping with significant life events ** Risk Perception vs. Reality: investing isn't synonymous with high-risk trading ** Understanding the difference and adopting a long-term perspective can minimise risks ** The crucial role emotional resilience plays, alongside financial literacy Financial Freedom Fundamentals Waitlist The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

March 25, 202410 min

Ep15 - How To Make Money From Shares

How do you actually make money from shares? The ins and outs of it are discussed in this episode of Savvy Money Talks including some often overlooked aspects that impact overall returns.I discuss: ** Income Generation: Understand the primary sources of income from shares ** Capital Appreciation: Explore the concept of capital gains, where profits are realised through selling shares or ETFs at a higher value than their purchase price with the risk of a loss ** The impact fees make: the higher the fees, the bigger the impact on your overall returns ** The tax implications of holding assets in different structures and the benefits of franking credits on Australian shares which can significantly impact overall investment returns.The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

March 6, 20249 min

Ep14 - Dollar Cost Averaging

In this episode of Savvy Money Talks, we explore the power of Dollar Cost Averaging (DCA) and its significance in wealth accumulation, particularly through exchange-traded funds (ETFs). I discuss: ** What Dollar Cost Averaging is and why it's beneficial ** How it helps you overcome trying to pick the "perfect" time to invest in ETFs ** The importance of not trying to time the market and the impact of missing the top 10 best days Financial Freedom Fundamentals Waitlist The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

February 15, 202418 min

Ep13 - Exchange Traded Funds

In this episode of Savvy Money Talks, we delve into the transformative impact of Exchange Traded Funds (ETFs) and micro-investing platforms, making investing more accessible than ever. Explore the world of ETFs as we discuss what they are and essential considerations for potential investors. I discuss: ** Understanding Exchange Traded Funds (ETFs) ** The main ETF providers on the market ** Key considerations when selecting an ETF including the management style, index tracking, underlying holdings, fees, portfolio fit and dividends/distributions Financial Freedom Fundamentals Waitlist The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.

January 31, 202415 min

Ep12 - Robo-advice & Brokerage Platforms

What's the difference between robo-advice investing platforms and brokerage platforms? In this episode of Savvy Money Talks, I break it down for you exploring the nuances between the two. I discuss: ** Why robo-advice platforms are a great option for beginners ** The things you need to consider before starting to invest with brokerage platforms ** The different levels of decisions you need to make for each platform ** How both robo-advice and brokerage platforms have revolutionised accessibility, offering more options than ever before Investing Platforms Guide The information shared on the Savvy Money Talks podcast is general in nature and does not consider your individual circumstances. It's for education purposes only and should not be relied upon to make financial or investment decisions. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial and tax advice tailored towards your needs.