Financial setbacks are often triggered by an unexpected event such as injury, loss of employment, large unplanned expenses, and wrong investment decisions. When financial setbacks accumulate, it can become emotionally overwhelming and highly stressful. It is important to get your finances back on track as quickly as possible. Avoiding the situation will only escalate theRead more…
Compared to previous generations, millennials have less accumulated wealth. This generation on average spend longer in education and carry higher student debt. An unstable economy and global financial instability bring on employment challenges. Combined with unaffordable housing and the changing nature of work, wealth accumulation for millennials will become increasingly difficult. More than ever before,Read more…
Holidays give you the chance to take a break from daily life and explore this wonderful world around us. Planning ahead and saving regularly lets you experience travel more often. If you are worried about your credit card balance when you are on holidays, it can spoil your trip – and then you have aRead more…
As a business owner, you insure your premises, vehicles, and products yet you may overlook insurance for yourself, your business partner and key staff against injuries, illness, and death. Have you ever thought about how your business would cope without you? How would you cope without income protection? What would happen to your business if youRead more…
The impact of a marriage breakdown can be stressful and financially traumatic for both partners. When you separate, the income that supports one home now has to support two. The separation process can rapidly deplete savings and assets. You can alleviate some of the stress by tackling your top priorities first. Being prepared will helpRead more…
Going through a divorce is difficult. There is the emotional pressure from a family breakdown along with the stress from dealing with the financial impact of the divorce. If you’re a business owner, you’ll likely be wondering what impact the divorce will have on your business. Whether you run a small business or a largeRead more…
Are you getting the most competitive interest rate for your mortgage or business loan? Refinancing your mortgage can have a significant long-term impact in growing your nest egg. The wrong move will cost you time, stress, and money. With the mortgage market being highly competitive, there may be a lender that can provide you withRead more…
When elderly parents find it hard to look after themselves, it is common for their children to take on the role of carer. As we live longer, more Australians face the prospect of needing to care for their elderly parents while looking after their own family. These carers are typically women between 40 to 50Read more…
Property is a common investment vehicle used to grow your wealth and achieve financial freedom. Regardless of the type of assets you invest in, the fundamentals of investing remain the same. Start by formulating clear financial goals and educate yourself in the different types of investments that are out there. This will help you developRead more…
Once you have a plan in place, achieving your financial goals involves some discipline and a small amount of sacrifice. Once the habit is built however, most people find they are easily able to meet their savings commitments. Good money management by definition requires you to spend less than your income. By avoid spending onRead more…