First dollars out of the wallet

First dollars out of the wallet Falling house prices and rising debt costs are causing financial stress for highly leveraged Australian home owners, impacting patterns of consumer spending. In light of this wallet tightening, investors should take care that their equity exposure is concentrated on those businesses capturing the first dollars out of the wallet each pay day. Where did all the wealth come from? During the upwards phase of the economic cycle, Australians took …

Wealth creation – what works for financial planning clients

Wealth creation – what works for financial planning clients Want to know how to set yourself up for a better financial future? Get tips from 6 top financial planners on behaviours that lead to success in wealth creation. 1. Set goals and make a plan – Michelle Tate-Lovery CFP®, Principal Adviser and Director, Unified Financial Services Knowing what your goals are and how you’re going to get there is a very important first step on the …

5 financial hacks to set you up for life

5 financial hacks to set you up for life With life’s big financial milestones just around the corner getting off to a good start in your 20s and 30s will help set you up for financial freedom later in life. We asked senior financial adviser, Nga Vu, from Kearney Group, for some simple ways to manage your finances each step of the way. Getting married Q: Transitioning from ‘my’ money to ‘our’ money can be tricky. …

Women and wealth creation: Closing the gap through financial planning

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 money mindsets that hold you back

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 are the traits, behaviours and attitudes that lead to success?

What are the traits, behaviours and attitudes that lead to success? “If you fail to plan, you are planning to fail,” said Benjamin Franklin over 200 years ago and countless others since. When it comes to financial planning, the three top regrets of Australians who don’t have a financial plan are: not saving enough; poor decisions; and not taking care of themselves. But the good news is research has found that one in four Australians …

Why you might need a will (Video)

Why you might need a will (Video) Maybe you think it’s too early to plan what will happen to your money when you die. But if you’ve got a new job, bought a house or started a family, it’s time to start getting your affairs in order. If you have a question you’d like answered by a professional financial planner please email us at financialpartners@financialpartners.com.au. We’d love to hear from you. This video contains general financial …

How should I approach investing at each life stage? (Video)

How should I approach investing at each life stage? (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 approach to investing is optimal at each life stage?” If you have a question you’d like …

How can I decide what level of risk is right for me? (Video)

How can I decide what level of risk is right for me? (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, “How can I decide what level of risk is right for me?” If you have …

7 steps to wealth and living well

7 steps to wealth and living well 1. Time is critically important When it comes to superannuation and savings it’s very important to remember that time waits for no one. So I’ll always encourage my clients to start saving right away, even if it’s just a modest amount. Compound interest is your best friend when it comes to saving but it needs time to work. Although starting to save early is the ideal, it’s never …