Lump sums, inheritance and the mistakes that cost you with Dylan Pargiter-Green
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Why do windfalls matter for investors?
Everything you're about to hear is for education and entertainment purposes only. Whilst we are licensed, we're not aware of your personal financial circumstances. Any advice is general advice.
What types of windfalls are commonly discussed?
Equitymates operates under Australian Financial Services License 540697. Today's episode is brought to you by Centuria.
Why is talking about sudden wealth so challenging?
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What are the biggest mistakes people make with windfalls?
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What smart moves should you make after receiving a lump sum?
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How do tax and wills affect inheritance planning?
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What conversations should families have about inheritance?
Whether you're building wealth through a salary or you've just received a lump sum, the same traps apply. In today's episode, we're going to go through the moments that actually move the needle and how not to stuff it up. Welcome to Equity Mates, a show where we explore what's possible in the world of investing. If you've just joined us for the first time, a huge welcome to our community. My name is Bryce, and as always, I'm joined by my equity buddy, Ren. How are you going?
How can early gifting impact financial planning for the future?
I'm very good, Bryce. Very excited for this episode. We are talking all things windfalls today. The great wealth transfer is just getting started and the numbers are crazy. In Australia alone, $5.4 trillion is going to change hands over the next two to three decades. But windfalls are more than just the great wealth transfer. You were telling me just off mic about your massive windfall on Sportsbet over the weekend. That's crazy. Not true. So whether you're receiving an inheritance or you've had a big win on the weekend, knowing what to do when you receive a large lump sum of money is an important question. And we've got an advisor in the studio today to help us understand it and help us navigate it and know what to do in those moments.
Dylan Pajita-Green, welcome back to Equity Mates. Thanks for having me, boys. Good to be back, as always.
Yeah, so Dylan runs Bold Wealth. If you'd like to speak to Dylan, head to equitymates.com slash advice, and we will put you in touch.
Now, Dylan, you have been on the show a number of times. You were king of the case study for a while. A veteran of the case study. But you've leveled up recently. You're no longer king of the case study. You're now king of the Claude calculator.
Is that fair to say? I just think king of Claude. Let's just say that.
Because you traditionally brought in a case study in PDF that would include a link in the show notes too. But for this episode, you've got an interactive calculator where people can put their lump sums in and then assess different...
scenarios yeah absolutely so we did one i think a couple of months ago a debt recycling calculator that calculator is now on bold wealth's website as well as available in that show notes through equity mates as well um and we'll do the same here so we're going to try and create these interactive tools for people who listen to the episodes and you know clients of ours as well so we can demonstrate in a really easy visual manner
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Chapters
8 chapters
1
Why do windfalls matter for investors?
0:00–0:10
2
What types of windfalls are commonly discussed?
0:10–0:18
3
Why is talking about sudden wealth so challenging?
0:18–0:42
4
What are the biggest mistakes people make with windfalls?
0:42–1:01
5
What smart moves should you make after receiving a lump sum?
1:01–1:29
6
How do tax and wills affect inheritance planning?
1:29–1:45
7
What conversations should families have about inheritance?
1:45–2:08
8
How can early gifting impact financial planning for the future?
2:08–32:52
Speakers
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