Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, Billy and Andrew tackle one of the most confronting — and most overlooked — questions in personal finance: how long could you actually survive without your income? In a world of rising uncertainty, this isn’t hypothetical. It’s a question every household should be able to answer right now.
Billy and Andrew cut through the assumptions most people make — that sick leave, annual leave, and redundancy entitlements will catch them — and show why that thinking leaves dangerous gaps, especially if an employer goes under overnight. They walk through how to calculate your real financial burn rate, why “asset rich, cash poor” is a genuine trap, and why insurance covers less than you think when job loss is the problem.
If you’ve never stress-tested your finances against a worst-case scenario, this episode is your starting point and your action plan.
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 your workplace entitlements are not a safety net and what actually is
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How to calculate your financial burn rate: fixed vs. discretionary expenses
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The emergency fund question: 3 months, 6 months, or 12?
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Where insurance helps and where it leaves a gap
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The stay-at-home parent life insurance blind spot most families miss
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Passive income vs. personal exertion income: does yours even make a dent?
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Why you need a Plan B and how to build one before you need it
