On today’s Wealth & Wisdom podcast, we’re unravelling the complexities of economics and finance. With esteemed economist, Saul Eslake, we pull back the curtain on the world of inflation and interest rates. With over four decades of experience in Australian financial markets, Saul's insights are invaluable.

Saul gives us the lowdown on what’s really happening within the Aussie economy compared to global standards. And with the majority of us feeling the pinch from rising costs, Saul breaks inflation down into simple terms, explaining why we're so far from 'normal' and shedding light on the alarming concept of a ‘per capita recession’.

We also put interest rates under the microscope. As such a crucial factor, especially rural producers with their sensitivity to rate changes, Saul offers his expert opinion on where we stand in the cycle and whether we can expect any relief soon.

Tune in with Ben and Saul for a stimulating discussion about the current economic landscape.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Welcome to a BONUS episode you won't want to miss, especially if you're navigating the complexities of family business succession! With a huge thanks to RaboBank and Gen McAuley, this interview was recorded at Beef Australia 2024.

This incredible conversation captures the heart of effective succession planning, featuring the Lord family of Lord Pastoral who are based in NW QLD. Their journey is filled with lessons on alignment, communication, and overcoming the challenges that many family businesses face.

Discover how Ardie, Kacie, Nikko, and Jade Lord managed to align their family's vision and roles, tackling tough issues head-on rather than avoiding them. You'll hear about the importance of connection and communication in maintaining family harmony and the unique dynamics when a new family member, like Jade, comes from a non-farming background. Nikko shares insights on handling family disagreements and the significance of involving off-farm siblings in the business.

Join us for a candid discussion that blends personal growth with financial success and learn how the Lord family keeps moving forward with structured family meetings, clear roles, and a culture of curiosity and accountability. This episode is packed with valuable takeaways for anyone involved in a family business. Please share it with those who could benefit and listen again to catch all the golden nuggets that can help you succeed in your own journey.

Tune in to gain practical advice from a family that's been through it all and is still navigating the path of succession with courage and humility. Don't miss this chance to hear first-hand from the Lord family and apply their wisdom to your own family business challenges.

Unfortunately, the audio quality isn't as good as usual due to being recorded at a live event. If you would prefer to watch the video footage instead, it can be viewed here: https://youtu.be/wmvVnK5To0k

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Join us in this episode of the Wealth & Wisdom podcast as we unravel the intricate dynamics of family conflicts within businesses. We've all witnessed seemingly insignificant disputes escalate into full-blown crises, threatening both the business and familial bonds. But fear not, because today, we're joined by Kate Clark, a seasoned mediator, to shed light on strategies for navigating these treacherous waters.

Ever wondered why families struggle with tough conversations? Kate tackles this head-on, dissecting the root causes behind the difficulty. And what about mediation? Kate demystifies this essential tool, offering insights into its workings and effectiveness in resolving family disputes.

But here's the kicker: You don't have to wait until things spiral out of control to seek mediation. Kate shares valuable indicators that signal the need for intervention. Plus, for those hesitant about professional mediation, she unveils alternative approaches to initiate conflict resolution within the family.

If you've ever felt trapped in a cycle of family conflict, this episode is your beacon of hope. Tune in to glean invaluable strategies for fostering harmony and growth within your family business.

Download Kate's free Dispute Resolution handout here.

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

In the latest episode of the Wealth & Wisdom Podcast, we're digging into the turbulent world of the beef market with Matt Dalgleish, a seasoned agricultural market analyst who knows his way around livestock, grain, and wool data. Coming off a brutal year for beef producers in 2023 - with skyrocketing interest rates, soaring inflation, and plunging beef prices - the industry is on edge, and everyone wants to know what's next.

Matt breaks down what caused the perfect storm that hit beef producers hard. Was it a classic market crash, or just a blip in the larger economic cycle? He also gives us his thoughts on whether the worst of the volatility is behind us or if we should brace for more market turbulence.

With inflation and interest rates looming over every aspect of the economy, Matt pulls out his crystal ball to share what he sees on the horizon. Is the worst over, or is the beef industry in for another wild ride? If you're involved in agriculture or just curious about the state of the market, you won't want to miss this conversation.

Tune in to get Matt's take on these pressing questions and more, as we unpack what went wrong, where we're at now, and what's in store for beef producers. If you enjoy the episode, help us reach more families on the land by leaving a review on Apple Podcasts or Spotify. It not only boosts the show's reach but also brings a smile to our faces.

So, buckle up and listen in for a deep dive into the beef market with a self-confessed "market nerd" who's got the expertise to guide us through the ups and downs.

PS - Did you know.... we recently rated in the Top 5 of Australian Agriculture podcasts on FeedSpot?! 🎉🤩

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Notice anything different?....

The Financial Bloke Podcast has had a small facelift and is now called The AgriCoach Podcast! Everything else remains the same, the new name is just more aligned to what we do 🤩

And so, back to business...

In this episode of the Wealth & Wisdom podcast, we embark on a journey into the realm of animal biotechnology, a field poised to revolutionise livestock production as we know it. Picture this: bulls siring calves with no genetic resemblance to themselves. Sounds like science fiction, right? But it’s happening, and it's just the tip of the iceberg.

I had the pleasure of sitting down with Professor Alison Van Eenennaam, a leading figure in animal genomics and biotechnology. From discussing the essence of animal biotechnology to unravelling mind-boggling projects like "switching an animal’s balls", our conversation is nothing short of eye-opening.

So, what exactly is animal biotechnology, and what does it entail? Alison breaks it down for us, shedding light on the groundbreaking work researchers like herself are undertaking. But it doesn't stop there. We delve into the most captivating projects on Alison's radar, from male calves in the dairy industry to the removal of the horned gene, and the potential ethical and regulatory implications.

This episode is a testament to the boundless possibilities of biotechnology and the individuals driving its transformative power. So, buckle up and prepare to journey into the future of livestock production like never before.

PS - Did you know.... we recently rated in the Top 5 of Australian Agriculture podcasts on FeedSpot?! 🎉🤩

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Welcome back to the Wealth & Wisdom Podcast, where we dive into the intricacies of tax planning with Russell Strack.
Whether you've faced adversity in 2023 or enjoyed a profitable year, navigating tax obligations smartly is crucial. Russell shares insights on seizing opportunities for tax planning and optimising returns, especially in challenging times.
We'll explore questions such as what tax planning entails, whether procrastination until the last week of June is wise, and if minimising tax payments should always be the goal.
Additionally, we'll delve into strategies like FMDs, superannuation, forced sales, and bucket companies, weighing up their pros and cons.
And for those who've endured lean years, Russell discusses leveraging tough financial periods to one's advantage.
Tune in for actionable advice and expert insights to optimise your financial strategy this fiscal year!

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Welcome to an inspiring journey of resilience and determination with our guest, Alice Mabin. From overcoming addiction and adversity to founding AgriShots, Alice's story is a testament to the power of grit and passion.

In a world where challenges are inevitable, Alice's unwavering spirit and refusal to accept limitations inspire us to push boundaries and pursue our dreams relentlessly. From facing rejection to building a thriving business, her journey is a reminder that obstacles are merely stepping stones to success.

Throughout our conversation, we explore pivotal moments in Alice's life, discovering how she found strength in the face of adversity. We also uncover her unique approach to risk-taking and how reframing failure can lead to unparalleled growth and innovation.

Furthermore, we unravel the mission behind AgriShots and how it's revolutionising the agricultural industry with authentic visual storytelling. Alice shares insights into AgriShots’ vision and its role in showcasing the remarkable opportunities within the agricultural sector.

Join us as we uncover the secrets to harnessing drive, vision, and unwavering determination with Alice Mabin. Don't miss out on this captivating episode of resilience and triumph!

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/

Join us as we dive into the vital aspect of family dynamics in business success. Just like a tractor with an oil leak, familial misalignment can wreak havoc on a business, often with catastrophic consequences. With guest Jill Rigney, founding director of The Right Mind, Ben explores the intertwined nature of financial and familial strength, asserting that prosperity in one is nearly impossible without the other.

In the episode, Ben & Jill uncover the pivotal role of family connections in business resilience. Jill, a seasoned expert in navigating complex family dynamics within the agricultural community, delves deep into the crucial link between communication and connection. Together, Ben & Jill uncover the significance of self-awareness and courage in fostering familial harmony, especially during times of stress.

Jill shares invaluable advice and insights, leaving listeners with actionable steps to strengthen both their family and business units. Tune in to unlock the secrets of bolstering your business through familial unity and connection!

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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.

If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.

Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.

https://thefinancialbloke.com.au/