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Owen Raskovich

πŸ‘€ Speaker
6765 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So we've said at least $2,000.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

To get to that, if you go back to your GoBag, your emergency cash buffer episode, you can find out how we can give you some tips in doing that.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

But the most obvious one is sell some stuff, save some extra cash, don't go out, save the money.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

We might be forced to stay home in the next few weeks, which would probably be a good thing for our hip pocket.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So as long as you're still paid,

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

keep saving that money.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Put it in that offset if you've got a mortgage or your redraw if you've got a mortgage or put in a high interest savings account and keep it there.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Don't touch it.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

That's what it's for.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

You know, if the worst should possibly happen, which I don't think is going to happen, but if it does, then you've got that there.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

And remember, we want to get that to up to six months, up to six months of living expenses.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

It's a lot of money, but if you put that money against your mortgage, then you can actually, it's actually a good use of money.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So toilet paper, do you need it?

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Well,

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Yeah, you probably do.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

But you probably don't need as much as what some people are accumulating.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

We're talking about accumulating assets.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Toilet paper is not something that pays you a dividend and it does not pay you a rental income.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So it's probably not something that you need to pile high in your third or fourth bedroom.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

But by all means, knock yourself out.