Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Andrew Fisher

๐Ÿ‘ค Speaker
159 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

But once that's there, then you've got, there's a delivered net worth report, which gives us a view at that point in time.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

But we can also create reports where we're sort of having a look at where we were six months ago, out to 12 months or further in advance.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

Yeah, I mean, I think the benefit of having a good tool in place for this is that you can check in more often.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

If it's sort of automated, you're just logging in and having a look at a dashboard rather than having to go and get all that information from different sources.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

I mean, there's some of it you'll still need to maybe go and get that data, like a super balance.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

But I mean, there are some super accounts I think that you can bring into that open banking setup.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

But yeah, I think it simplifies the process.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

And you want to build that habit.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

So that's what I like.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

I mean, I think if you've got the system and the process in place, then...

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

I think that habit is stronger if you make it a monthly habit rather than because if it's quarterly or half yearly, you know, you forget what the steps are.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

Yeah, so we went in and we created an asset and the loan in Pocketsmith for what Christian was looking at.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

And then we created a scenario.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

And what that scenario allows us then to do is to create budgets related to the purchase of a house.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

That's right, yeah.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

So we sort of estimated repayments, what are the likely expenses on that property.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

And then what we were able to do is to add that scenario into our cash flow reporting.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

So we can have a look at what the cash flow looks like today and then overlay that.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

this new purchase and have that gulp moment.

Australian Finance Podcast
How to stop being a hot money mess: Using data to fix your finances

Absolutely.