3 Decisions Will Change Your Financial Future
Decision 1: Snap out of it. You could be heading in the wrong direction. You might think you’re comfortable now but it’s important to ensure that your financial future isn’t heading for a financial cliff. Chances are that if you keep doing what you’ve been doing you’ll end up broke later in life. You have to snap […]
New research from Ernst & Young* has revealed that only 20% of people trust their banks to give them unbiased advice that puts their interests first. WHAT? My mind boggles. That means there are actually 1 in 5 people who believe their bank would give them unbiased advice! And when it comes to advice from […]
According to new Roy Morgan research*, people intending to retire in 2016 have a net wealth of $281,000. This does not include the value of the family home, but there’s a reason for that – the place you live in produces no income. Given a single person currently needs $545,000, and a couple $640,000, for […]
Most people simply aren’t confident about where they stand financially. Partly that’s due to a lack of knowledge, but it’s also in part due to information overload. We’re bombarded every day with ads telling us what we should be doing with regard to every facet of our lives. Here are five things your older self […]
I’m often asked by people whether property investment seminars are worth attending – they’re not! There are property investment seminars on offer all around Australia, including in the Central West. They’re always offered for free, claiming they’ll show you how to make a fortune through property based on case studies of people who they say have bought […]
Another Olympic games has just been completed and the world witnessed what most would consider the greatest achievement in athletics (if not sporting) history – Usain Bolt’s Triple Treble (winning gold in the 100m, 200m and 4x100m relay at three successive Olympic games). This was an extraordinary achievement, the likes of which we may never […]
First of all, what is financial independence? It means having enough money to pay your living expenses for the rest of your life without having to work. There are many ways to make this happen, but for most of us it’s going to come about from paying off our mortgage and accumulating enough super and […]
It’s surprising how many people expect the Age Pension to fund their retirement, yet most people don’t know how much the Age Pension actually pays. Well, here’s the number: The maximum age pension is currently $22,721 per annum for an individual. And if you’re a couple, it’s not double that, instead it’s only $34,252. These […]
What would you do today? Well, there’s probably a long list you could write, but if you have a partner and/or kids who rely on your income then making sure you have enough life insurance in place to provide for them financially should be right at the top of that list. Most days of the […]
The media draw their audience by constantly trying to have us living in fear. And matters regarding wealth are not immune to this problem. Take for example the headline in the Daily Telegraph this week, ‘Super funds delivering small returns’… Now reading that headline and the first paragraph talking about the lowest returns in 4 […]