Knowing the Answer to this Question Will Change your Financial Life

How much did you spend last year? I don't mean just taking a guess or a rough estimate. Exactly what was your personal spending last year? It seems like an easy enough question, however I think most people don't want to know the answer to that question. Why? Because it scares them and they don't … Continue reading Knowing the Answer to this Question Will Change your Financial Life

Budget 2013 Summary – As it Happens

Given all the leaks and pre budget announcements around superannuation there was not a lot of big news. Last year was all about a "budget surplus", this year it is all about " jobs and growth". Key takeouts include: The budget is in an $19.4bn deficit and a budget surplus now put on hold until … Continue reading Budget 2013 Summary – As it Happens

Shorten announces Superannuation Changes

Bill Shorten has this morning announced Labor's Superannuation changes. The measures include: - Introduction of council of superannuation custodians to assess future changes - Changes are prospective not retrospective - Tax free of earnings in the fund remain up to $100,000 pa - future earnings above $100k from 1 July 2014 will be taxed at … Continue reading Shorten announces Superannuation Changes

What is Important to You?

I've been spending more time recently talking with clients not just about their goals but the question of - what is really important to them? I was reminded again today of just how important this is. A nurse who worked with patients in the final months of their lives recorded the five most common regrets … Continue reading What is Important to You?

Direct Life Insurance vs Personal Insurance Advice

Often you can't get through a commercial break on TV without seeing an ad for life insurance. As a basic no frills, low cost service there is no doubt direct insurers have a place. You need to know what it is you are buying though - exactly what is covered and what isn't. A lot … Continue reading Direct Life Insurance vs Personal Insurance Advice

I’m a Big Believer in the Value of Trauma Insurance

Over the past 12 months I have had too many friends and family members dealing with cancer. Trauma insurance can ease the burden during an incredibly difficult time. Here is a case study based on a true story that shows why sometimes income protection, private health and medicare is not always enough. This Sunday I'm … Continue reading I’m a Big Believer in the Value of Trauma Insurance

Why You Should Ignore Today’s Interest Rate Cut (If You Have a Mortgage)

Read the headlines regarding today’s interest rate cut and you’ll see that on an average mortgage of $300,000, you’ll be saving $46 per month. However by doing very little you can turn this into a saving of over $37,000. If you’ve taken out a mortgage of $300,000 over 30 years and are making only the … Continue reading Why You Should Ignore Today’s Interest Rate Cut (If You Have a Mortgage)