The Wealth Guide Podcast
Welcome to The Wealth Guide Podcast, where we discuss and explore ways of helping individuals and businesses achieve their financial goals.
Discover a plethora of knowledge in each episode from our hosts, and industry guest speakers and gain deeper insights and tools to help you make the right choice for a brighter future.
Disclaimer: The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
The Wealth Guide Podcast is proudly brought to you by Ryker Capital.
The Wealth Guide Podcast
The Dark Side of Buy Now, Pay Later (No One Talks About This) | Ep. 58
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What started as a simple way to split payments has quietly become a financial blind spot for many Australians.
In this episode of The Wealth Guide Podcast, the team is joined by Gabriel Micah from Finance Co Group to unpack the real impact of buy now, pay later — beyond the convenience and into what it’s actually doing to people’s cash flow, habits, and long-term financial position.
The conversation dives into why BNPL feels so easy to justify, how small repayments across multiple platforms can stack up faster than expected, and why many people don’t realise the effect it can have until they try to borrow or get ahead financially.
Rather than taking a hard stance against it, this episode explores where BNPL fits (and where it doesn’t), the role of discipline and self-awareness, and how better structure, budgeting, and decision-making can help you stay in control.
If you’ve ever thought “it’s only a small payment” — this episode will give you a much clearer picture of what that can turn into over time.
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SHOW NOTES LINKS
Malissa Vourakis - / malissa-vourakis-79066a67
Gabriel Micah - / gabriel-mikha-15727979
Jack Oineza - / jackoineza
Dean Desoukey - / dean-desoukey
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TIME STAMPS:
00:00:00 – Introduction
00:01:02 – Why It Feels So Easy
00:03:31 – Instant Gratification vs Lay-By
00:05:32 – The Rise in Australia
00:07:53 – Hidden Risks and No Limits
00:09:57 – Impact on Loans and Borrowing
00:13:52 – Effects on Wealth and Investing
00:15:51 – Budgeting and Control Strategies
00:21:54 – When It Works (and When It Doesn’t)
00:26:05 – Need vs Want
00:31:49 – The Real Cost of Spending
00:35:00 – Discipline, Clarity and Taking Control
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.