Defining enough – the fundamental question for your financial plan Do all your future plans rely on having a lot more money than you do now? If the answer is yes, it might be time to think carefully about your values so you can put together a realistic financial plan that will bring you closer to the sort of life you want. Planning for your financial future doesn’t have to be about chasing more money. …
Seven lessons from the Global Financial Crisis for investors Key points The key lessons for investors from the Global Financial Crisis (GFC) are that: there is always a cycle; while each cycle is different, markets are pushed to extremes of valuation and sentiment; high returns come with higher risk; be sceptical of financial engineering or hard-to-understand products; avoid too much gearing or gearing of the wrong sort; the importance of proper diversification; and the importance …
Under 40 and broke: Why young people need financial advice more than ever With increasing debt and falling home ownership among the under 40s, their financial prospects are less than rosy. If this trend is set to continue, young people are going to be needing financial advice more than ever to help them make the best choices for a secure future. There’s been a lot of talk in recent years about how much better off …
How to buy a home and still have a life With the cost of buying property on the rise, many families and individuals are sacrificing other financial commitments to afford the home they want. So how can you budget for your home without being too frugal in your savings and spending? We talked to CERTIFIED FINANCIAL PLANNER® professional Michael Hayward from Capital Partners about getting the balance right between financing a home and other lifestyle goals. …
The wallet challenge: Step 1 – your financial audit This 4 part series will get you ready to grow your wealth in the new financial year. Starting with an audit of your current financial position, this checklist will guide you through a review of all your assets – savings, super, properties etc and liabilities – loan payments, insurance policies, bills so you can get a clear picture of where you are at financially and where …
Your wedding windfall The average Aussie couple are spending around $65k on their big day. By making some smart wedding budget choices you could be investing that money for a better financial future. Let’s take a look at how saving $30k on your wedding could help you out with other lifestyle goals. Online source: Produced by The Financial Financial Planning Association of Australia and published on 15 June 2017. Original article.
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 ways to set your kids up for financial success As we move towards a cashless society, how do we teach children that money comes from hard work and good financial management and not some magic money pot in the sky? “In a world of credit cards and online banking, actual physical money is becoming an alien concept for today’s young. From their perspective, a quick tap of the plastic is all it takes to …
Women and wealth creation: Closing the gap through financial planning With the gender pay gap still prevalent today, women often face an uphill battle to stay ahead of the game financially. The financial disparity is further compounded when women take time out from full-time work to care for family, sacrificing superannuation and wages along the way. While we each do our part for the gender imbalance to improve, investing in a financial plan is an …
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 …
