Money: Faith & Finance

Key Takeaways: Recent changes in Australia's federal budget could significantly affect wealth building, specifically through adjustments to capital gains tax and negative gearing. The government may aim to make property a less attractive investment over time to address broader housing affordability challenges. Small business owners and startups could be particularly impacted by these tax changes due to adjustments in how capital gains are calculated. It's crucial for individuals to engage with financial advisors to understand the personal impact of these fiscal changes and to adjust strategies accordingly. The upcoming changes underscore the importance of evaluating the socio-economic implications of wealth accumulation practices in Australia. Notable Quotes: "The government's come out and said negative gearing going forward. If you bought a property after budget night, you'll only be able to claim negative gearing on new properties." — Pete Burrows "We have moved from wanting to maybe tax owners the same that we tax earners." — Pete Burrows "I've never told clients to do anything motivated by tax. Your investment should be good regardless of tax, not because of tax." — Pete Burrows "Legislation hasn't been introduced. The changes to trusts are three years away." — Pete Burrows "We do have deficits, and those tax dollars get spent on things that benefit all of us." — Pete Burrows  Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/See omnystudio.com/listener for privacy information.

About the Guest: Tim Costello is an Australian advocate known for campaigning against gambling harm. A former CEO of World Vision Australia and regular contributor to the Centre for Public Christianity, he now leads the Alliance for Gambling Reform, a leading national advocacy group working to reduce gambling-related harm. Costello has long been an outspoken critic of gambling practices and policy, advocating comprehensive reforms to better protect Australians. Key Takeaways: Tim Costello criticises the Australian federal government's "timid" response to the 2023 Murphy report on gambling reforms. Costello highlights a lack of a national gambling regulator as a significant flaw in current governmental policies. The federal government’s response includes partial restrictions on gambling advertisements. The Alliance for Gambling Reform calls for unified public action to pressure governments for comprehensive reforms. Costello urges stronger policies to protect children from the pervasive influences of gambling advertisements in sporting events and media. Notable Quotes: "It was a timid response and dropping it while the budget was on was of course a smokescreen…" - Tim Costello "It's unbelievable that in the nation with the greatest gambling losses per head… we have no national gambling regulator." - Tim Costello "This is not protecting kids. Imagine if 80% of kids knew Marlborough cigarettes…" - Tim Costello "The only job for parents is to protect kids." - Tim Costello Resources: Gambling Harm | Alliance For Gambling Reform - Alliance for Gambling Reform Australians share the moment they realised gambling had changed their lives forever - ABC News Calls grow for total ban on gambling ads as Australia’s annual losses surge to $32bn | Gambling | T… Government accused of 'burying' response to landmark gambling report with budget day release - ABC … Australian Government response to the House of Representatives Standing Committee on Social Policy … Report released You win some you lose more – Parliament of Australia Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/See omnystudio.com/listener for privacy information.

Key Takeaways: The Federal Budget 2026 primarily benefits workers and the lower middle class by targeting tax reforms over monetary handouts. Major tax reforms target capital gains and negative gearing, aiming to make housing more accessible and affordable. The budget reflects a shift towards providing benefits for earners as opposed to owners, potentially leading to long-term societal gains. Current investors relying on negative gearing and capital gains concessions might find themselves at a disadvantage with the new reforms. Despite mild immediate effects, the budget aspires to address overarching issues like cost of living and housing affordability. Notable Quotes: "This is a budget more for earners than owners." – Pete Burrows "We need to think about what is better for the country and the community." – Pete Burrows "The government's trying not to pour more money out into the economy because that could fuel inflation." – Pete Burrows "We have to look beyond how does this affect me personally." – Pete Burrows "This is the most important and ambitious budget in decades." – Pete Burrows  Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/See omnystudio.com/listener for privacy information.

Anglicare's Rental Affordability Snapshot - National Report Anglicare's Rental Affordability Snapshot - NSW and ACT   About the Guest: Rob Stokes is the Group Executive of Housing at Anglicare Sydney. With a distinguished background as a former Member of Parliament in New South Wales, Rob has transitioned to focus on housing affordability and social welfare. At Anglicare, he oversees initiatives aimed at addressing the housing crisis in Sydney and beyond. His efforts emphasize the importance of governmental policy changes to support housing affordability. Episode Summary: Australia's rental crisis is hitting hard — and the numbers don't lie. Ben McEachen sits down with Rob Stokes, Group Executive of Housing at Anglicare Sydney, to unpack the findings of their 16th Annual Rental Affordability Snapshot. If you're renting, know someone who is, or simply care about where this country is headed, this one's worth your time. Rob puts it plainly: housing collapse leads to social collapse. So what needs to change — and who's responsible? Practical, confronting, and deeply relevant for everyday Australians navigating the real cost of keeping a roof over their heads. Key Takeaways: The 2026 Anglicare Sydney Rental Affordability Snapshot reveals catastrophic levels of rental unaffordability post-pandemic, with availability dropping by 86%. Single individuals on minimum wage have drastically limited affordable housing options, with just three properties across Greater Sydney meeting affordability criteria. Vulnerable populations, such as those on income support or single parents with children, are facing even harsher conditions in the rental market. Rob Stokes advocates for governmental action and progressive tax policies to reallocate funds towards housing solutions. The conversation highlights the importance of community and governmental support to avert a broader social collapse due to unmet housing needs. Notable Quotes: "Statistics provide a very, very bleak picture this year." - Rob Stokes "Once you've got a housing collapse, it's not long before you end up with a broader social collapse." - Rob Stokes "We've gone from housing crisis to housing catastrophe." - Rob Stokes "If taxes on people with multiple homes are going to be changed or increased, then it stands to reason that that tax revenue should go to support people who don't have anywhere to live." - Rob Stokes "This is a problem for everyone, because if people can't find decent housing, everything else starts to fall apart." - Rob Stokes Resources: Anglicare Sydney: Anglicare Sydney's website Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode. Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/See omnystudio.com/listener for privacy information.

Key Takeaways: Wisdom vs. Wealth: Wisdom can offer more sustainable benefits than wealth, providing a foundation for making sound financial decisions. The Biblical Perspective: Applying biblical principles, such as those found in the Book of Proverbs and the Book of James, can guide financial decision-making. Wisdom in the Workplace: The notion of "wisdom work," especially in the age of AI, emphasizes the importance of human judgment in complementing technological tools. Learning from Experience: Real-life experiences and past financial decisions should form the bedrock for future financial planning and strategies. Intergenerational Wisdom Sharing: Encouraging conversations between different generations can foster wisdom-sharing and improve financial literacy and decision-making for all parties. Notable Quotes: "Most of the value in what we do is coming from the wisdom of knowing which button to press." "We should be seeking wisdom, not the answer." "Wisdom's worth more than we're ever going to earn from our investments." "If you haven't got the bedrock, if you haven't got the wisdom underneath, well, then each decision could be right, could be wrong." "Seeking wisdom and wise people in your life is more valuable than just seeking earnings." Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode. Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/See omnystudio.com/listener for privacy information.