Check out what you could do while you’re still earning an income and have time on your side, noting not everyone will be eligible for the government’s age pension when they retire. Many of us turn a bit of a blind eye to super. We know it’s there and we know it’s ours. We just … Read more
Until recently, financial abuse was often kept secret, especially where it occurred within the family. Thankfully that’s changing with public awareness campaigns and help becoming more readily available. The emotional and economic damage caused by financial abuse can be far reaching and devastating. A recent Australian report calculates that in 2020 alone, financial abuse victims … Read more
Buying your first investment property can be a bold step towards a more prosperous and secure future. But it also poses risks. The Successful Investor’s Michael Sloan outlines five strategies to help you take the right path. My 5 essential investment property tips 1. Equity Most people use the equity from their home to help … Read more
Staying active and connected can sometimes have its challenges, depending on where you live, but here are some tips to help keep your physical and mental wellbeing in check. When it comes to living a longer, healthier, more active lifestyle, a good approach can often involve easy tasks that you can turn into everyday habits. … Read more
Cash in a deposit account doesn’t necessarily equate to safety. That’s why many investors are shifting to fixed interest securities. By any measurement, $2.8 trillion is a lot of money. Expressed another way, it’s $2,800 billion. And it’s also the amount of money – according to Australian Prudential Regulation Authority data from January 2023 – … Read more
It’s easier to make a claim on your life insurance if you gather the right information for your insurer. Who to contact to make a claim To make a claim on your insurance, speak to the person or company you bought the policy from. If you bought insurance through: an insurer — contact the insurance company … Read more
Salary sacrificing into super involves reducing your take-home pay to put more money away for your retirement. See what you need to know. Salary sacrificing into super is where you choose to have some of your before-tax income paid into your super account by your employer. This is on top of what your employer might … Read more
If money’s too tight to mention, here’s some small steps that can make a big difference in achieving your financial goals. How would you rate your level of financial wellness? Do you think you’re in a good position to meet your immediate and near-term financial obligations? What about your long-term goals? They’re tough questions, asked … Read more
Sustainable investing is not new, but in recent years it’s moved from the green fringes into the mainstream. From climate change to animal rights and gender diversity, more people are interested in aligning their money with their values. Last year alone, Australia’s sustainable investment market increased 20 per cent to a record $1.5 trillion. According … Read more
If you’re looking to buy a home or investment property, or considering refinancing, it helps to understand the role of lender’s mortgage insurance. What is lender’s mortgage insurance? Lender’s mortgage insurance (LMI) protects your lender when you take out a home loan where there’s an increased risk associated with your loan. If you have a … Read more
Just like your car needs a periodic service to stay in tune, here’s why you should rebalance your portfolio from time to time. A portfolio’s asset allocation reflects an investor’s goals and temperament—the need for return as well as the ability to withstand market turbulence. Over time, market fluctuations can affect your asset allocation weightings … Read more
Here is a practical approach to creating a retirement plan that will help enable financial peace of mind. Many investors concentrate on building their nest egg during their working lives to pay or help pay for their retirement but fail to give enough attention to planning for a retirement that may last 25 years or … Read more
