Minimal vs FOMO: what are young people really up to with their money? The spending habits of our younger generation show that experiences mean more to them than buying stuff. So are they better at managing money than their Boomer or Gen X parents? Or is FOMO leading them into the dangers of growing debt? Find out more about money habits of millenials. For some years, retail businesses have been in a tailspin about the …
5 tips for getting on top of financial housekeeping Remember the last time you did a good spring clean? It probably felt good. And guess what? Getting your finances in order feels just as good, and it’s even more rewarding. The start of a new financial year is a great opportunity to clean up your act with your finances. Here are five tips to make this year your best yet. Take a day Set …
5 money mindsets that hold you back What’s holding you back from taking control of your financial future? Discover the five mind tricks that can stop you from achieving financial success and what you can do to avoid them. Fear of failure Earning and saving money from your salary is all very well. But setting up an alternative income stream from an investment portfolio can help you make the most of your personal wealth potential. …
How to spend more to save The old saying “penny wise, pound foolish” couldn’t ring truer than in today’s throw-away world of overconsumption and excessive production of disposable items. Did you know that many manufacturers have been using techniques to deliberately reduce the life of a product to increase its replacement rate and sell you the same thing again? It’s called planned obsolescence. Some products are not built to last. Others are specifically designed to make …
Investment 101: what are your options? Nobody has a crystal ball to look into the future, but it’s important to have a general understanding of how investing works so you can build your assets for financial security. And it doesn’t hurt to know your options and be aware of potential associated risks and returns. Investment 101: what are your options? Risky business You may have heard the term “risk” mentioned when it comes to investing, but …
Getting in shape to start your own business Many of us dream of starting our own business, but to most it remains just that, a dream. We fantasise about what “being our own boss” would be like, after another run-in with the boss at work, or just the tedium of being in the same job, year-in, year-out, and starting to loathe every minute of it. To turn your dream into reality, there is much preparation …
Dealing with debt: finding smarter ways to live with your liabilities Not all debts are created equal, as any good financial planner will tell you. Unsecured debt such as credit card debt – as opposed to a mortgage or car loan – generally has the highest interest rates and if you don’t pay the account off every month you are paying up to 25 per cent extra for anything you purchase with the card. Getting …
Get social to boost your savings Want to get on the fast-track to your financial goals? Partner with a money buddy or join a support group and you could find yourself saving more and getting closer to your goals. When you’re making a firm commitment to boosting your savings, getting help doesn’t have to mean cutting up your credit card or keeping away from shopping malls. With support and encouragement from your financial allies, you could …
Get back what you put in – the power of investing in yourself What do you really want out of life? Investing in yourself is an important way to prepare for achieving your personal goals. Here are 5 ways to make sure you’re ready to meet the future as your very best self. 1. Take care of your body and mind Being in poor health can make almost anything feel like an impossible challenge. That’s …
The lowdown on rentvesting It’s been a hot topic for the media in the wake of our property boom. But is rentvesting really a magic bullet for securing your financial future? Find out if this rent-for-life and get rich strategy is all it’s cracked up to be. When dinner party discussions get around to the subject of getting rich, property investing is bound to come up. Thanks to a sustained boom in property prices in Australia[1], real …
