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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...
5 Vital chats to have...
With the HSC exams finished and new graduates about to begin the next stage of their education, perhaps it’s a good time to start thinking about a new challenge ahead: how your teenager will fund his or her life at university.
Of course, you can always give your childs a helping hand with their finances during this time. But it’s also important to get them ready to stand on their own two feet during and after their studies.
For some parents, this may be a great opportunity to have those crucial chats about money and the financial workings of the world.
Before your big day, much of the financial talk may have been around budgeting for your wedding and planning your honeymoon. But while not nearly as exciting, there’s another vital part of your new partnership that should be considered: your future finances.
Finances can be one of the biggest sources of stress and tension in a marriage. However, open communication and careful planning now can help you avoid many problems down the road.
Here are five important areas to examine before you walk down the aisle:
Deep down, we all know that New Year's resolutions just don't work. Consider the empirical data…
* 25% of people abandon their resolutions after just one week. * 60% of people abandon them within 6 months. * The average person makes the same resolutions 10 times without success. * Even after a heart attack, only 14% of patients make any meaningful change around eating or exercise...
Life doesn’t revolve around money. Lots of other things - like family, friends, and health - can be much more important to you than your bank balance. But some personal goals are hard to achieve if you don’t have much money. That’s why the FPA have put together this handy guide to getting to grips with the do’s and don’ts of your finances...
Why do we invest? Why do we put money in the bank? Is it simply because we should or we’re told we’re should? No – it’s because it helps us to achieve our goals.
Goals-based investing is increasingly popular as a financial planning strategy – it’s a pathway to financial freedom and choices such as the chance to travel, provide our kids with a good education, purchase things we love, build our homes and create foundations for our future.
So how does it work and how can you make goals-based investing work for you?
At the start of last year, with global and Australian shares down around 20% from their April/May 2015 highs, the big worry was that the global economy was going back into recession and that there will be another Global Financial Crisis (GFC). Now, with share markets having had a strong run higher, it seems to have been replaced by worries that a crash is around the corner and this will give us the global recession and new GFC that we missed last year!
Whether you’re struggling to make ends meet or living comfortably, saving money can be something you’ll be finding hard to do. In her new book “Mind Over Money: The Psychology of Money and How To Use it Better” BBC broadcaster and psychologist Claudia Hammond shares insights into how we can change our ways when it comes to budgeting, spending and saving more for a rainy day...
One of the most important things you can teach your kids is how to manage their money as this will help them better face the challenges of adulthood. In our world of ever advancing technology, children often don’t see physical money being exchanged. In fact, some Scandinavian countries are even doing away with physical cash altogether...
Today, with Australians living longer and healthier lives, the concept of retirement is much different to what it was only one generation ago. For each retiree, retirement is different.
Typically, there are four areas that need to be considered to help you better understand your retirement goals and objectives. These are...
People who plan have more control of their lives because they can see options to move forward. This provides them with a sense of security and happiness, without fear of regret. And for many of us that’s what living the dream is about. Here we talk to 7 Aussies from different walks of life about living the dream....
In taking the nation's collective pulse on financial related behaviours and beliefs, the FPA Live the Dream report has uncovered some fascinating insights into how Aussies are living out their dreams and what it takes to succeed. Four personality profiles have emerged from the research: Go-Getters (33%), Cruisers (19%), Daydreamers (32%), and Builders (16%). Which personality do you mostly identify with?
