What is a Power of Attorney? | Money & Life

Just as having a Will ensures assets are managed properly when you die, a Power of Attorney allows someone else to look after your finances when you’re unable to. Find out more about what’s involved in having a Power of Attorney and why you’d be wise to have one, just in case. Money & Life team Money & Life contributors draw on their diverse range of experience to present you with insights and guidance that will …

How to protect your mental health during the COVID-19 pandemic | Money & Life

If you’re feeling worried about the impact of COVID-19 on your financial wellbeing, you’re not alone. CoreData reports that 81% of Australians are fearful about the potential impact of the pandemic on their personal finances and the broader economy. While it is a challenging time in many respects, the added burden of financial stress can be especially hard on your mental health. Severe financial stress can lead to symptoms of anxiety and depression, even triggering …

Where to seek advice during the COVID-19 crisis | Money & Life

Where to seek advice during the COVID-19 crisis The COVID-19 pandemic is a global crisis and people the world over are experiencing impacts in their lives as a result. To keep your anxieties about money to a minimum, find out where you can turn for help to secure your finances and income. With the ongoing escalation of the COVID-19 crisis many people are struggling. Huge changes are happening and we’re all being affected, socially, emotionally …

Where to seek advice in uncertain times | Money & Life

Where to seek advice in uncertain times The COVID-19 pandemic is a global crisis and people the world over are experiencing impacts in their lives as a result. To keep your anxieties about money to a minimum, find out where you can turn for help to secure your finances and income. With the ongoing escalation of the COVID-19 crisis many people are struggling. Huge changes are happening and we’re all being affected, socially, emotionally and …

What is financial planning?

What is financial planning? Regardless of your age, life stage or wage, a financial planner can work with you to reach your financial and life goals, whether short-term or long-term. This article offers an introduction to what financial planning is, how it works, and how it can benefit you. What is financial planning? Financial planning is about developing strategies to help you manage your financial affairs and meet your life goals – and the first …

5 questions to ask your financial planner

5 questions to ask your financial planner Finding the right financial planner for your needs, goals and life stage is essential to help you achieve your financial goals. As a specialist profession, it’s important to check your financial planner is professionally licensed and qualified to provide you with advice. Equally important is the rapport you have with them – it should be comfortable and feel like the right fit from the start. Here are five …

So, you’re starting a business…

So, you’re starting a business… Whether you’ve been plotting it for years or just recently decided to go for it, starting your own business is a big leap. Now that you’re taking the first steps, pause for a moment to consider some often-overlooked factors that will set you up for success. While these may not be as exciting as dreaming up your vision or designing your marketing, building these tasks into your planning will give …

What is a Power of Attorney?

What is a Power of Attorney? Just as having a Will ensures assets are managed properly when you die, a Power of Attorney allows someone else to look after your finances when you’re unable to. Phillip Richards, Director of Endorphin Wealth Management explains more about what’s involved in having a Power of Attorney and why you’d be wise to have one, just in case. What is a Power of Attorney? There are different types of Powers of Attorney you …

Finding the right financial planner for you

Finding the right financial planner for you How should you start your search for a financial planner? There are some fundamentals you should look for in the first instance. A license to provide financial advice – Always look for a financial planner who works for a firm that holds an Australian Financial Services (AFS) License issued by the Australian Securities and Investments Commission (ASIC). You can verify the financial planner is licensed by checking ASIC’s Financial …

What’s an SOA?

What’s an SOA? When you’re presented with a Statement of Advice (SOA), it helps to know what to look for. Here’s our guide on what to expect from an SOA so you can be sure you’re getting advice and products to suit your needs. After meeting with a financial planner and discussing your goals and circumstances, they’ll give you a Statement of Advice (SOA). In a nutshell, it’s a summary of the strategy and products …