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. …
What is an index? When people talk about the share market having gone up or down, what they are usually are referring to is an index. But what is an index and why is it important? An index measures how a certain part of the share market is performing. Typically, each index consists of the shares that make up that part of the market. By combining these shares together, the index will give you a …
What is diversification? Diversifying your investments will reduce their risks and volatility, but what does it involve? Often described as “not putting all your eggs in one basket”, diversification is crucial to reducing the volatility of investing. It’s about spreading your risks. We know that the markets for different asset classes – such as bonds, shares, property or infrastructure – can go up and down for many reasons, but they usually don’t move in exactly the same way. While one market …
What should I expect when I see a financial planner? (Video) Brian May CFP® Brian May is a financial planning and wealth management specialist, with over 20 years’ experience in financial services and international merchant and investment banking. As part of the Financial Planning Association’s Ask a Planner video series, Brian May CFP® answers the commonly asked question, “What should I expect when I see a financial planner?” If you have a question you’d …
Insurance 101: what do you need and when? There is a dizzying array of types of insurance available in Australia, although the average person probably won’t be needing aircraft or defamation insurance. But like death and taxes, the majority of people won’t be able to avoid getting at least some of the basic types of insurance such as motor vehicle, house and contents and health cover. Motor vehicle insurance Financial Planner AFP® Amanda Cassar of Wealth …
When can I afford to retire? Judging when you’re ready to retire is a tricky proposition, with the need to balance comfort, lifestyle and future income. When can you afford to retire? We sat down with CERTIFIED FINANCIAL PLANNER®professional and private client adviser Chris Giaouris of Chronos Private to find out how to tell when you’re retirement-ready. How do you know how much money you’ll need to retire? To be frank, it’s impossible to know for …
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 …
Should you be sharing your super with the kids? According to the latest research from REST Industry Super, working Australians aged over 50 are very much in the habit of making financial contributions to their kids. So far they’ve shelled out $31.6 billion for home deposits, $55.9 billion for education and nearly $10 billion for wedding expenses1. So is funding major life events for the next generation affordable? And what happens when you want to …
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 …
What is financial planning? (Video) Are you a money optimist, or a money pessimist? The way we perceive our finances strongly influences how we spend our money, and make plans for the future. Whichever way you see the world, financial planning can help you reach your goals. What is financial planning? If you have a question you’d like answered by a professional financial planner please email us at [email protected]. We’d love to hear from you. This video …
