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 …
Sorting out sibling squabbles When families clash over money, particularly as parents reach their senior years, there can be many issues to resolve. Hear from CERTIFIED FINANCIAL PLANNER® professional James McFall of Yield Financial Planning about how family members can plan for a peaceful transfer of wealth between generations and siblings. Who cares? Nothing is certain except for death and taxes –it’s one of our oldest clichés. Exactly how someone meets their death isn’t certain, but if you’re lucky …
6 ways to navigate your finances in your 40s Growing responsibilities and competing priorities can be a feature of your 40s. Strategic wealth advisor Adrian Hanrahan offers his tips for getting ahead in mid-life. Although marriage, mortgage, and young children may have characterised your 30s, your 40s often feature growing responsibilities and ever-competing priorities. Your parents are older, your mortgage is still on foot, children’s education costs are growing, and though retirement may seem a …
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 …
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? 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 …
Why an emergency fund should be your first investment (Video) Saving money for a rainy day might not seem like the best start to investing for the future, but it’s actually a very important part of any plan to grow your wealth. Find out how much you need and how it could save you from unwelcome debt and stress in the future. Setup a Financial Safety Net. Online source: Produced by The Financial Financial …
Keeping success in your sights What’s the most important thing you should do to make a success of your life? We talked to singer and actress Charmaine Bingwa about the X-factor that gets her where she wants to be. Discipline from the very beginning I was born in Australia, but my parents moved here from Zimbabwe. They arrived with almost nothing, about $500 was all the money they had. And so they worked hard, saved …
