Protecting your wealth What is insurance? Insurance is a form of protection – a way to protect yourself, your family and the things you own if something goes wrong. It enables you to replace or repair your assets, whether those assets are your belongings or your capacity to earn income…. Maintaining your income What is transition to retirement? Transition to retirement is a strategy that can help you reduce your working hours while maintaining the …
Demographer Bernard Salt shares his findings. To learn more visit: www.amp.com.au/whateverwealthyyouwant Original Author: Produced by AMP and published on 18/08/2023 Source
How Australia’s perceptions of wealth are changing in the 2020s For decades, Australians have associated wealth with home ownership. As our country has become more diverse and inclusive, and individual Australians achieve greater freedoms, these ideas are changing. A recent studyi by AMP highlights how our definition of ‘wealthy’ is shifting – and how your bank, super fund and adviser can help you achieve wealth, no matter what that means to you. Home ownership and financial …
The impacts of interest rate hikes on conusmers are well known: higher interest means that mortgage debt servicing costs will go up which is negative for consumer spending. But, rate hikes are also bad news for home prices.. Econosights: Impacts from falling home prices – the wealth effect Key points Declining home prices will have a negative impact on household wealth as 65% of wealth is related to housing. Lower household wealth is negative for …
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 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 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 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? “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) 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 [email protected]. We’d love to hear from you. This video contains general financial …
