Why your kids won’t listen to money advice …and how you can bring them around Every parent wants the best for their children but kids often won’t listen to the wisdom of your experience, especially when it comes to money. Don’t give up! Here are some of the common beliefs and misconceptions kids have about managing money—and how you could get them to take your advice. 1. Money buys happiness This is one of life’s …
Investing in your future What is superannuation? Superannuation, or ‘super’, is a way to save money for your future. It is important to understand how much super you’ll need, and how to best manage the money for your retirement…. Read More>>> Download the free PDF file
Dreaming big with property Owning your own home has long been the Australian dream. Even if it means making a significant upfront investment, the long term gains are generally personally and financially rewarding. According to the Australian Bureau of Statistics, the price of an average Australian home increased by about seven per cent a year between 1986 and 2013. In dollar terms, the average home has grown in value by 6.3 times over the …
Be clear on investment goals by Jeff Rogers Retirees concerned about cuts to the official cash rate need to clearly identify their investment goals to help clarify whether capital stability or income sustainability is of greater importance. In this article, we discuss how a well-managed portfolio of select corporate bonds, equities, property and infrastructure can deliver attractive and predictable income streams that can be expected to rise over time. Sustainable income in a low-rate environment …
How can property make me better off? If you’ve built up some equity over the years, it may be time to look at the options your property may give you. Here are four possibilities that could help you: You could buy an investment sooner. Borrowing against the value of your home—which is one way you can access your equity—may enable you to buy an investment sooner than if you had to save the money. …
Doing it with date-onomics Just as you wouldn’t invest money blindly, dabbling in the online dating market also calls for clear-sighted strategies to avoid risky prospects. While listening to your heart rather than your head may feel harmless enough behind a computer screen, critical thinkers are thought to be more likely to avoid poor romantic “investments”. Help with online dating Online dating is not just for young digital natives, it has been taken up …
Ways to grow your Super, Value of Advice and More 1. Five ways to grow your super Are you looking for ways to boost your super account balance? Watch our video (3.01) and hear how Greg Elias, an AMP Client Adviser, explain five ways his client could grow their super to save for a comfortable retirement. He discusses five ways to grow super: 1. Bring together all your super accounts 2. Choose your super fund …
Women are building financial intelligence International Women’s Day on 8 March encourages us to aim for parity for women. On average, Australian women are paid 17.1% less than meni. They also tend to spend more time away from paid work to have children and care for loved ones which impacts their income, savings and superannuation. The good news is things are improving. Women are building financial intelligence. Women are closing the gap Women have come a …
Ready, set… auction! Bidding for a property at auction can be stressful but you can reduce the stress involved. Before you consider bidding use our tips to make sure you’re prepared and know what to expect. Step 1: Work out the costs Working out how much you can afford to repay on a home loan plus all the associated costs of buying a property—like stamp duty―is the first step. Of course, buying at auction …
Volunteering abroad! Ever wondered what it would be like to uproot your life and do something completely different? People of all ages do just that by volunteering abroad. In places like Mongolia, Thailand, Romania, Mexico or Fiji, volunteers are needed every day. You could use your skills and experience on projects from archaeology, journalism, environment, to human rights, teaching, sports and healthcare. Whatever your specialisation, if you have the desire to enrich a community, …
