Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we dive into outdated money rules that no longer hold up in 2025. We debunk traditional advice like saving only 10% of your income, always buying property over renting, keeping just a three-month emergency fund, paying off all debt before investing, and expecting to spend less in retirement. We explore how shifts in the economy, rising living costs, and evolving lifestyles demand new financial strategies. From embracing “rentvesting” to rethinking car ownership and investment timing, we break down how modern financial planning must adapt. And we wrap up by reaffirming one timeless truth: always spend less than you earn—and invest the surplus.
Tune in to this episode to rethink your money habits and learn which financial rules you need to break to thrive in 2025 and beyond.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706
Episode Highlights
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Why the 10% savings rule no longer cuts it in today’s economy
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Renting isn’t dead money—unless you’re not investing the difference
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Why a 3-month emergency fund may leave you financially exposed
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Rethinking the idea of paying off all debt before investing
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The myth of spending less in retirement—and what really happens
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How car ownership is changing and why paying cash isn’t always best
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The value of adapting old money rules to modern financial realities
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One timeless principle that still holds true
