Take control of your finances now for the new financial year. If you set yourself money goals at the start of 2019, the upcoming new financial year is a great time to check if you’re on track. And if you didn’t set any goals – or if you have strayed off track – this is the perfect time to get organised, write a checklist and stick with it! Don’t wait until 1 July to start. …
Get goal savvy No matter what your financial and lifestyle goals may be, here are some proven techniques for setting yourself up to succeed in reaching them. Write your goals down, and review regularly CERTIFIED FINANCIAL PLANNER® professional Brendan Burrows of PSK Financial Services in Sydney says financial goals “need to be specific, clear and measurable. If this formula is not followed, the goal loses its relevance, and you may never know if you have actually …
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. …
Retirement the top priority for advised clients A poll of financial advisers in the AMP network, the largest in Australia, has found that achieving a good retirement is by far the most important goal for their clients. Almost 50 per cent of advisers said their clients were focused on retirement, well ahead of other common goals for which people sought financial advice. The second top priority for clients, at 13 per cent, was simplifying …
An additional 21 great investment quotes Introduction Investing can be frustrating and depressing at times, particularly if you don’t understand how markets work and don’t have the right mindset. The good news is that the basics of investing are timeless, and some have a knack of encapsulating these in a sentence or two that is both insightful and easy to understand. In recent years I’ve written insights highlighting investment quotes that I find particularly useful. …
The true value of financial advice Does investing in a financial planner really pay off? According to the latest research from Sunsuper you could be thousands of dollars better off when you make choices based on professional financial advice. Plus you’ll take more family holidays, have greater peace of mind and more confidence in your financial decisions. Teaming up with research experts, Core Data, Sunsuper have released The Value of Advice Report. Insights include financial forecasts …
Accountant or Planner – which do I need? When it comes to sorting out money matters, where do you go to seek professional help? Can an accountant take care of your finances or should you be speaking to a financial planner? Discover more about the difference between these two support services and how you can benefit from both. Seeing an accountant is something that’s routine for most Australians. After all, lodging a tax return is …
How Australians save money Of those who make a savings resolution, 85% have a specific target in mind.(1) Average savings target is $11,234(1). Top 3 savings goals(1) 53% holiday 46% rainy day fund 40% buy or renovate a home. Other top money goals(2) Build wealth for retirement Pay off debts Set up a budget Get debts under control Invest in shares, bonds or commodities Buy an investment property. Top reasons people break financial resolutions(1) …
Australians reveal their priority goals Most Australians indicate their biggest life goal is a financial one, but many admit failing to plan is a roadblock. Increased household debt, record-high property prices and the aftermath of the global financial crisis have not impeded Australians’ belief in their ability to achieve their goals. In fact, an August 2016 research paper by The Financial Planning Association of Australia and McCrindle, showed four in five Australians were confident they could turn …
How to make 2018 money friendly As the Christmas decorations get packed away and life for many returns to normal, AMP Capital is encouraging customers to consider their finances when setting their resolutions for 2018. Instead of making vague promises like “get fit” or “pay down debt” AMP Capital Head of Retail of Retail Business Manuel Damianakis recommends people set more specific resolutions to grow their wealth during the year. “Consider a resolution to …
