Got $1 million overnight? What to do next

April 30
37 mins

View Transcript

Episode Description

In this Australian Finance Podcast episode, your hosts Owen Rask and Gemma Mitchell tackle real listener questions on navigating big financial decisions.


They cover:

- What to do when you receive a $1m inheritance

- How to think about rising insurance premiums in super

- The reality of buying a home as a single person today

- The key wealth trends shaping Australian households


If you like this Australian Finance Podcast episode, you'll love our series.

Don't forget to subscribe for weekly shows on:

- Apple

- Spotify

- YouTube, or wherever you get your podcasts!


Topics covered:

- What to Do With a $1m Inheritance (First Steps)

- Building Confidence When You’ve Never Had Wealth Before

- Structuring Investments for Long-Term Growth

- Should You Seek Financial Advice After an Inheritance?

- Insurance Premiums Rising Inside Super (TPD, Life, Income Protection)

- How to Review and Optimise Your Insurance Cover

- The Trade-Off Between Cover and Retirement Savings

- One Financial Tip for Retirees (Owen vs Gemma)

- Is Home Ownership Still Achievable for Singles?

- Trends: More Australians Buying Alone

- Wealth Data: Property & Super Dominance in Australia

- Mindset Shifts for Modern Wealth Building


Resources for this episode

Buy Gemma’s book “The Money Reset”

Speak with the Rask Advice team

Ask a question (select the Finance podcast)


Show partner resources

Join Pearler using code “RASK” for $15 of Pearler Credit

Get 50% off your first two months using PocketSmith

View Betashares range of funds


Rask resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!


Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest


DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

See all episodes