Get Financially Fit This New Year
Every year, millions of people start the New Year with a resolution. Many do it every year and many of them make the same resolution year after year… this year they really mean it! The top three resolutions are getting fit, losing weight and spending less. We have a problem though! In general, people don’t […]
It’s the time of year when you’ll often see or hear parts of Charles Dickens’ A Christmas Carol and the story of his ghosts of Christmas past, present and future. It’s a story that could easily be adapted to your financial life so let’s see how each of these “ghosts” can help you create a […]
You more than likely know the story of ‘How the Grinch Stole Christmas!’… the green, grouchy Grinch, disguised as Santa Claus, steals all the Christmas presents, trees and food from the town of Whoville on Christmas Eve. At one point, he is interrupted by a little Who girl, however he crafts a lie to allow […]
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 […]
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 […]
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 […]
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 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 […]