Finance Fusion

From Serving Meals to Securing Mortgages ft. Joshua El-Bayeh | Ep. 06

Tue, 05 Dec 2023 19:00:00 +1100

In this episode of the Finance Fusion podcast, we have Joshua El-Baye, Credit Adviser at Shore Financial, one of Australia’s leading mortgage brokering companies with multiple awards under their belt.

Joshua talks about his bold decision to leave a successful 12-year career in hospitality to become a mortgage broker and the strategies that helped him build his new business.

He also discusses the general state of the mortgage brokering industry, addressing the issue of unregulated practitioners or practitioners with little experience, and shares his observations on the current Sydney property market.

If you are looking for inspiration on career transition, valuable lessons on customer service excellence, and insights into the mortgage brokering industry, then make sure to listen to this episode!

-----

SHOW NOTES LINKS

https://au.linkedin.com/in/joshuaelbayeh

https://shorefinancial.com.au/

https://www.instagram.com/shorefinancial

https://www.linkedin.com/company/shore-financial/

https://www.facebook.com/ShoreFinancial/

https://open.spotify.com/show/0axZEXlWsY0EWPvcgtcZW8

-----

LinkedIn: https://www.linkedin.com/company/odin-finance/about/

Facebook: https://www.facebook.com/Odin-Finance-109700887226824/

Instagram: https://www.instagram.com/odinfinance_/

YouTube: https://www.youtube.com/@louiedib4835

-----

TIME STAMPS:

00:00 Intro

00:15 Introduction of Speaker

00:49 Josh’s Background

04:44 From Hospitality to Mortgage Broker

14:49 the Difference of People Starting Out in Finance

27:57 Misleading Can Burn Relationships

35:33 Views on Latest Trends in Mortgage World

47:34 Buying a Property in Sydney

50:30 Outro

Why Car Brokers Might Just Be Your Best Bet in the Modern Auto Market ft. Billy Taha | Ep. 05

Mon, 11 Sep 2023 14:00:00 +1000

In this episode of the Finance Fusion podcast, we have Billy Taha, founder and director of Auto Luxury, a premium, hassle-free, full-service car concierge that helps their clients buy, sell and source luxury cars.

Bill talks about his journey on how he carved a niche for himself in the luxury market, his innovative approach to recreating the car showroom experience through social media, and his streamlined trade-in process for a seamless experience for both car buyers and sellers.

He also shares his insights on the rapidly evolving world of car financing, the rise of self-serving car models, and why, now more than ever, using a car broker could be the best decision you make.

If you're in the market for a new car, looking to sell, or even just fascinated by shifts in the auto industry, make sure to tune in to this episode!

TIME STAMPS:

00:00 Intro

05:46 How Did Billy Get into the Business?

11:46 How Long Does It Take Dealerships to Adopt the Fixed Price Model?

14:30 Buying a Tesla

17:24 How Far Away Are Other Car Companies from Tesla?

24:32 Choosing a Car Dealership over Finance

26:57 Will the Need for a Car Broker Change?

30:15 Step-by-Step Process to Implement a Sale

35:10 How Banks Have Taken over the Space

37:41 Finding the right tech for your business

39:47 Implementing tech into your business

45:55 Outro

SHOW NOTES LINKS

https://autoluxury.com.au/

https://www.linkedin.com/in/autoluxury/

https://www.linkedin.com/company/autoluxury/

https://www.instagram.com/autoluxury.au/

https://www.facebook.com/autoluxury.au/

https://www.tiktok.com/@autoluxury.au/

-----

LISTEN TO THE PODCAST

Spotify: https://open.spotify.com/show/2NnKK0lGYvrstzfY6OXeAu

Amazon Music: https://music.amazon.com/podcasts/42065cc7-d16b-48d0-a77a-a5ff2d2a889f/finance-fusion

YouTube: https://www.youtube.com/@louiedib

-----

FIND US HERE

LinkedIn: https://www.linkedin.com/company/odin-finance/about/

Facebook: https://www.facebook.com/Odin-Finance-109700887226824/

Instagram: https://www.instagram.com/odinfinance_/

YouTube: https://www.youtube.com/@louiedib4835

Building a Business from Scratch ft. Louis Younis | Ep. 04

Thu, 17 Aug 2023 10:00:00 +1000

In this episode of the Finance Fusion podcast, we have Louis Younis, founder and director of ITF Hire, a company specialising in temporary fencing, crowd control barriers, portable toilet hire and servicing, liquid waste management, and internal and external hoarding.

Louis shares his journey from a novice labourer to a business empire builder, the mindset he adapts that led to ITF Hire's rise in the temporary fencing and hoarding industry, and how he overcame initial setbacks to build a business that services Tier One construction companies.

He also talks about why a long-term strategy is crucial for sustainable success, how to build a capable team and hire individuals with diverse strengths, the pivotal role of specialised asset finance brokers in acquiring essential equipment, and the importance of doing thorough calculations and using tools like the NAP calculator before making big investments.

If you want to learn more about the fencing industry and how to master growth through acquisitions, marketing, risk-taking, and innovation, make sure to tune in to this episode!

TIME STAMPS:

00:00 Intro

00:10 Louis Background

00:26 ITF Hire

02:54 Why Temporary Fencing of all Industries?

09:44 What Is the Role of Temporary Fencing and Holding?

12:04 How ITF is Everywhere

12:25 Louis’ Customers

12:49 Strategies for Acquiring New Customers

14:59 Key to Building a Business

18:56 Strategies for Each Business Growth Phase

19:43 Acquiring Competitors and Integration

24 00 The Importance of Your Team in Business

27:05 Working with Specialists with Business

28:56 How Do You Know When to Finance an Asset?

32:39 Let the Numbers Do the Talking

33:51 Purchasing Brand New Trucks

39:08 Getting as Much Market Share as Possible

43:13 Dealing With Cashflow Issues

46:45 Conclusion

SHOW NOTES LINKS

https://www.linkedin.com/in/louis-younis-6920b4166/
https://www.linkedin.com/company/itfhire/
https://www.facebook.com/itfhire
https://www.instagram.com/itfhire/
https://www.youtube.com/@itfhire5673

-----

LISTEN TO THE PODCAST

Spotify: https://open.spotify.com/show/2NnKK0lGYvrstzfY6OXeAu

Amazon Music: https://music.amazon.com/podcasts/42065cc7-d16b-48d0-a77a-a5ff2d2a889f/finance-fusion

YouTube: https://www.youtube.com/@louiedib4835

-----

FIND US HERE

LinkedIn: https://www.linkedin.com/company/odin-finance/about/

Facebook: https://www.facebook.com/Odin-Finance-109700887226824/

Instagram: https://www.instagram.com/odinfinance_/

YouTube: https://www.youtube.com/@louiedib4835

Supercharging Your Business Growth With Smart Invoice Financing Strategies ft. Amanda Keneally from Earlypay | Episode 03

Mon, 03 Jul 2023 06:00:00 +1000

In this episode of the Finance Fusion podcast, we have Amanda Keneally, State Manager for NSW/ACT of Earlypay, a lending company that provides Australian businesses with the cash flow and working capital they need to grow.

Amanda talks about business sectors that align well with invoice financing, how invoice financing transformed from a last resort to a cost-effective choice for businesses, and the flexibility in the assessment that Earlypay uses to determine business eligibility for invoice financing.

She also addresses common objections and concerns associated with invoice financing and talks about Earlypay's technological advantage in streamlining the invoice financing process, how it stands out to other new lenders, and strategies for mitigating the costs associated with invoice financing.

If you want to learn more about invoice financing and how it can help you achieve your business goals, make sure to tune in to this episode!

Timestamps:
00:00 Intro

00:04 Amanda's Role at Early Pay

02:07 Industries Where They Won’t Lend Money.

03:28 Amanda's Preferred Business Sectors

06:09 Shattering Stigma: The Evolution of Invoice Financing for Businesses

09:12 From Last Resort to Cost-Effective: The Price Revolution of Invoice Financing

11:31 Navigating the Storm: How the Business Fared During COVID-19

13:43 Flexibility in Assessment: Balancing Factors for Business Eligibility

17:18 Addressing Objections: Overcoming Concerns in Invoice Financing

20:41 Tech Advantage: Early Pay's Differentiation in Invoice Financing

24:27 Beyond Interest Rates: Exploring Banks' Approach to Invoice Financing

25:34 Choosing the Right Fit: Comparing Invoice Financing to New Lenders in the Market

30:01 Pricing of Invoicing Finance

33:49 How to Mitigate the Cost of Invoice Financing?

37:39 The Evolution of Invoice Financing in the Next Decade

40:01 Outro

SHOW NOTES LINKS

https://au.linkedin.com/in/amanda-keneally-16824613

https://www.earlypay.com.au/

https://www.linkedin.com/company/earlypayaustralia/

-----

LISTEN TO THE PODCAST

Spotify: https://open.spotify.com/show/2NnKK0lGYvrstzfY6OXeAu

Amazon Music: https://music.amazon.com/podcasts/42065cc7-d16b-48d0-a77a-a5ff2d2a889f/finance-fusion

YouTube: https://www.youtube.com/@louiedib4835

-----

FIND US HERE

LinkedIn: https://www.linkedin.com/company/odin-finance/about/

Facebook: https://www.facebook.com/Odin-Finance-109700887226824/

Instagram: https://www.instagram.com/odinfinance_/

YouTube: https://www.youtube.com/@louiedib4835

Exploring the Tax Implications in Business Finance ft. Davie Mach | Episode 02

Sun, 18 Jun 2023 10:00:00 +1000

In this episode of the Finance Fusion podcast, we're joined by Davie Mach, founder and director of Box Advisory Services, a multi-awarded team of new-age chartered accountants based in Sydney, serving contractors and small businesses.

Davie talks about his journey from being an employee to an employer building his own team, his insights on the secrets to real business success, and the evolution of business financing preferences in the modern world.

He also talks more in-depth about the tax implications of chattel mortgages and leases for off-balance sheet financing, fringe benefit taxes, instant asset write-offs and business acquisitions, and software investments and deduction limitations for businesses.

If you want to learn more about the various aspects of business finance, taxation, and strategic decision-making from a business owner and seasoned accountant like Davie, make sure to tune in to this episode!

Timestamps:
00:00 Intro
00:37 Davie's Background
01:38 From Employee to Employer: Building Your Own Team
04:47 Tech-Savvy Accountants: The Key to Modern Business Success
09:56 Exploring the Evolution of Business Financing Preferences
12:16 Decoding Commercial Financing: Chattel Mortgages, Finance Leases, and Rentals
15:20 Tax Implications of Chattel Mortgages and Leases for Off-Balance Sheet Financing
19:23 Fringe Benefit Taxes Explained
21:40 Decoding Business Vehicle Purchases: Thresholds, Caps, FBT, and GST Tips
28:05 Frequent Queries: Car Purchases, FBT, and Post Options
33:11 Challenges for Business Owners: Financing Alternatives and FBT Crackdown
35:47 Unnoticed FBT Noncompliance: Consequences for Business Vehicle Usage
38:42 Seizing Instant Asset Write-Offs: Key Actions for Business Owners
42:49 Instant Asset Write-Off and Business Acquisitions
46:06 Software Investments and Deduction Limitations for Businesses
48:41 Outro

What Impacts Your Credit Score? ft. Victoria Coster | Episode 01

Mon, 29 May 2023 16:00:00 +1000

In our very first episode of the Finance Fusion podcast, we're joined by Victoria Coster, CEO and Dispute Resolution Expert at Credit Fix Solutions, a credit repair business in Australia dedicated to helping thousands of Australians enhance their credit reports.

Victoria talks about the significance of credit files and their role in the lending process, the introduction of positive credit reporting, the concerns of enquiries affecting credit scores, and the negative impact of the 'Buy Now, Pay Later' services.

She also shares the importance of educating customers about their credit health, the reasons behind their low scores, and so much more.

If you want to delve deeper into credit repair, learn about building strong financial profiles, and gain valuable insights from industry experts like Victoria, make sure to tune in to this episode!

Timestamps:
00:00 Intro
00:39 How Victoria Started Her Business
03:51 Understanding Credit Scores and Factors Affecting Them
04:59 How Bad Are Inquiries When It Comes to Credit Filing?
08:19 Exploring the Truth Behind Buy Now Pay Later Schemes and Their Impact on Credit Scores
10:54 Understanding the Process of Inquiry Removal for Customers with Poor Credit Scores
18:13 Assessing the Impact of Telco Defaults on Loan Eligibility with a Credit Repair Service
19:59 The Impact of Financial Default vs. Telco Default on Credit Repair
21:02 Client Case Study #1
22:57 Understanding the Average Turnaround Time for Credit Repair Services
25:14 The Average Increase in Credit Scores after Default Removal
26:27 The Difference in Different Credit Reporting Agencies
29:00 The Accuracy and Reliability of Credit Scores from Free Credit Check Services
30:51 The Future of Credit Scores
32:38 Upcoming Technological Advances and Their Implications for Credit Reporting
35:57 Why Isn't Credit Education Taught in Schools?
37:26 Outro