Why should you care?
“Why should I care about money for the future? Super is compulsory, and the Age Pension will be there when I retire, so I should be fine.” I often get questions (or statements) like this, around why people should take long-term financial planning seriously. And the reasoning is pretty simple, but not widely known. Most […]
Are you planning to live on the age pension when you retire? Or would you like to do a little better than that? I came across some research recently from 2016 that demonstrates that it is likely that most people aged in their 30s today will have nothing more than the age pension to live […]
Here’s something you might not expect to hear a financial adviser say: maybe repaying your debt is the last thing you should do. I should explain. Not all debt is equal. Financial planners divide debt into two broad types: deductible and non-deductible. As these names suggest, deductible debt lets you claim a tax deduction for the interest […]
3 MINUTE READ Everyone loves a nice holiday and we all work hard and deserve a break once in a while. And planning for a holiday is fun, it gives you something to look forward to and a date to aim for. How great is it when you leave work at the end of your […]
2 MINUTE READ Sadly, there’s not much of a focus on financial education when we’re growing up. Most of us get our money ‘skills’ from a combination of what we learned from our parents and a lifetime of trial and error. With no disrespect to anyone’s parents, the reality is that most of them had […]
Having the right approach to money is the first battle that must be won on the path to creating wealth. People at all income levels offer up excuses about why they can’t save any money. You’d be surprised how many people I’ve met over the years who earn very little but are great savers and […]
When I was growing up, a million dollars could set you up for life. While a million dollars doesn’t quite go as far as it used to, being a millionaire is still the exception rather than the rule. There are around 234,000 millionaires in Australia so chances are there are a few living near you. The […]
One of the common reasons people often give me for not being able to do anything about improving their financial situation is that they don’t have any time available. You need to make time or you’re going to wake up many years from now and wish you had. Don’t leave your future-self hanging out to […]
Here are 5 easy ways to start taking control of your financial situation… remember, money is just a servant, you are the master! Step 1: Review your financial situation The only person responsible for your financial situation is you. Work out where your finances are right now. Write down what assets and debts you have. […]
Are you the proud owner of one of these? Then you have a license to print money! Making money is actually pretty easy once you know how. The trick is to realise that it takes a combination of time and simple strategies to become wealthy. Anything offering a way to get rich quickly is either […]