Are you planning to fail?
The importance of having a plan cannot be overstated. We’re now past the halfway point of this calendar year and what have you done so far to make sure you’re not in the same place at the end of the year as you were at the start? If the answer is nothing or very little, […]
Being a parent is, in my opinion, the most wonderful and rewarding thing in life… but not something that comes cheaply. Just buying the milk to keep our three kids in the lifestyle to which they’ve become accustomed (porridge in the morning) seems be a large expense! In 2012, the NATSEM (University of Canberra) Income […]
Another financial year rolls by. When you think about the 12 months just past… What financial goals have you achieved? What changes have you made that are going to help set up your financial future? What steps did you take to empower yourself to be able to make better decisions about your money? For many […]
According to recent research from the Association of Superannuation Funds of Australia, 25% of self-employed people have no superannuation. People employed by others have their employer make 9.5% super contributions on their behalf – a form of forced retirement savings made compulsory by the government. However, no such conditions are imposed on self-employed people. This leads to a […]
If you’re amongst the majority of Australians who don’t know what fees they’re paying on their superannuation, then chances are you’re paying more than you need to. Australians pay around $20 BILLION in fees and expenses on their superannuation. They pay another $5 BILLION in fees to financial planners. Many of the people charging those […]
If you’re like many people, you’re getting out of bed most days to go to work. And everyone with a job has compulsory superannuation… who’s paying attention though? Sunsuper’s recently released “2016 Australian Employee Insights Report” showed only 26% of people in New South Wales know what the Superannuation Guarantee rate is… P.S. It’s 9.5%. […]
The question isn’t who wants to be millionaire, it’s who NEEDS to be a millionaire? And it all comes down to simple numbers. Numbers… most of us aren’t huge fans of numbers! But they tell a story. They’ll be a part of your story, and the question is whether the numbers will fall your way […]
Milk, and subsequently dairy farmers, have been in the news a lot recently and it got me thinking that when it comes to our money, in essence, we’re all farmers. We’re farming money in a similar way dairy or beef farmers operate. We’ve got a herd of dollars that we’re trying to grow for sale […]
Some recent research by UBank has found more than 8 out of 10 Australians don’t know what interest rate they’re paying on their home loan. This means people could be paying an interest rate up to 2% more than they need to. Just 2%… doesn’t sound like much? In August 2015, the average new owner-occupied […]
The biggest regret of Australians who are retired or semi-retired is that they didn’t start saving for retirement earlier, with the majority saying they wished they’d started saving 20 years earlier. It’s too late for them to make a difference and it’s only at that late stage that many realise they will be faced with […]