Matt Ingram
Person
Matt Ingram is a financial adviser who helps clients adapt their financial plans as their lives change. He is known as a trusted adviser in personal finance and investing.
What Matt Ingram has said on podcasts
24 statements
AI may calculate Centrelink and paid parental leave benefits inaccurately.
“Don't use AI to try calculate your Centrelink benefits and your paid parental leave benefits and things like that.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 0:16
Financial planning should use available strategies and products to achieve goals effectively.
“a financial plan really is about. We have a whole range of tools available to us when we're planning for something and how do we effectively use those tools, whether that's strategies or products, to help you achieve that goal that you might have most effectively.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 2:27
People facing income reductions should estimate shortfalls and build larger cash buffers.
“looking at what you're cash flow shortfall could be and preparing for that. So it might be putting money away, might be building up a bigger buffer, an emergency fund”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 4:52
Arranging borrowing or equity access before an income drop can be beneficial.
“organizing those sorts of things before you have a drop in income could be beneficial.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 5:22
Having children generally reduces the amount banks will lend.
“Banks are going to give you a little bit less money because they... cost you money as well, those kids.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 5:46
Extra deductible super contributions become less effective after income falls.
“if every year you make a little extra contribution to super and you get a tax deduction for that, well, it's not really going to work next year.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 6:11
Income-gap buffers should cover expected duration using conservative worst-case assumptions.
“Multiply that by the period that you expect to not have an income. be conservative, like take worst case scenarios here.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 7:11
Uncertain income periods should include an additional 10–20% contingency.
“build in a contingency, like an extra 10 or 20%”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 7:28
Matt maintains approximately one year of total family expenses as a buffer.
“have about a one-year buffer because I have two kids, I have a wife that doesn't work much, I have a business that can change at any moment.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 7:43
Higher income can lead people to inflate commitments and liabilities excessively.
“The trap that you can fall into when there's more money than there might always be is kind of inflating your commitments or your liabilities.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 8:39
Financial commitments should be stress-tested against possible future changes.
“how could that change and stress testing those scenarios”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 9:07
Financial projections should prioritize flexibility over year-by-year accuracy.
“what you should really be building into that strategy and those projections isn't so much accuracy year by year.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 10:16
Buying property is generally easier before having children.
“if you can get a property before the kids come along, it's probably the easiest time to do it.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 11:24
Reduced work after children can limit income protection and disability insurance options.
“your options with insurances become a little bit more limited, especially in terms of income protection and total and permanent disability insurance”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 13:02
Arranging insurance before reduced work can produce more favorable coverage.
“getting that sorted before can leave you with a more favorable insurance policy.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 13:14
Wills become especially important after having children.
“a will becomes so important once there's kids in the picture”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 13:21
After tax and childcare costs, an additional workday can yield about $10 per hour.
“you can end up in a position where you're back at work. And you're earning about $10 per hour for that extra day.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 21:51
Matt generally favors public primary school followed by private high school.
“public school for primary. school and then private for high school I pretty well aligned to that”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 24:28
Private schooling may provide greater networks and later higher-income opportunities.
“they're going to potentially have more opportunities, form a greater network, and that's going to lead to probably better or higher income opportunities later on.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 25:07
Private schooling for two children can require approximately one million dollars post-tax.
“it can be like a million bucks that you're going to have to come up with at some point. Post-tax.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 26:18
Paying off a mortgage can create cash flow for private school fees.
“trying to pay off your mortgage because you know without that mortgage, you're going to have the cashflow to be able to send your kids to private school.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 27:13
Superannuation contribution splitting can share retirement contributions between spouses.
“there's something called contribution splitting”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 32:27
Earlier planning for children improves long-term financial outcomes.
“the sooner you think about it, the sooner you plan for it, the better you're going to be from a long-term perspective.”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 34:09
Raising children is expensive and costs substantial money.
“kids are expensive they're going to cost you lots of money”
Open the episode · How your financial plan changes as life changes with Matt IngramListen at 34:45
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
