Mastering Financial Literacy: Insights from a Virtual CFO - Featuring Phil Kao
Manage episode 427476850 series 3579959
In this episode of 'One for the Money,' host Gianni Mussomacci discusses the essentials of financial literacy with Phil Kao from Solve Accounting. Growing up in a single-parent household, Phil's early life experiences shaped his career in accounting and financial management. Now, as a virtual CFO, he shares actionable advice on cash flow, tax cuts, managing debt, investing in superannuation, and more. Whether you're a financial newbie or looking to up your game, this episode offers valuable insights to help you take control of your finances and plan for a secure future. Remember, for personalized advice, consult with a licensed financial professional.
00:00 Introduction to the Podcast
00:35 Meet Phil Kao: From Humble Beginnings to Financial Expert
01:42 Understanding Stage Three Tax Cuts
04:07 Commonly Missed Tax Deductions
10:16 Cashflow Management Tips
17:46 Good Debt vs. Bad Debt
24:43 The Importance of Financial Literacy
32:42 Teaching Financial Literacy to Children
36:32 Conclusion and Contact Information
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