It’s all in the Budget

Every year in May/June, the Australian Federal and State governments hand down their budgets for the next financial year. They are presented in books over hundreds of pages thick and include forecasts of expected revenue and details of how this revenue is proposed to be spent. Well, if you need to present all of the billions of dollars that represents the country’s financial position, of course it will take up more space than a simple family budget. Unlike the Federal … Read More

5 Questions to Ask Yourself 5 Years Before You Retire

Retirement planning takes on added urgency the closer you get to leaving your job. Imagine your future by looking at the major factors: housing, activities, lifestyle, life expectancy, and unexpected events. The first step in any retirement income plan is to envision your retirement and make some decisions about how you will live. This, in turn, will inform your budget and your retirement income plan. If the numbers don’t support the life you have in mind, now is the time … Read More

Money Management Myths Exposed

Money Management Myth #1: I can’t save or invest because I don’t make enough money. I can’t tell you how many times I’ve heard people say: “I don’t make enough money to save or invest. I’m barely making enough each month to pay the bills.” This kind of thinking is so prevalent. In fact, how many of you have heard people say this? Better yet, how many of you have said this yourself? It sounds so simple: “If I made … Read More

Where Will You Find the Money?

Getting started with investing as early as possible in your life is a smart move. Though it’s never too late to get started, it’s just like the old saying “The early bird gets the worm”. The sooner you start investing, the bigger your rewards. I talk to many people who tell me they can’t possibly save or invest because they don’t have any extra money once their bills are paid. If that’s the situation you’re in, this article will show … Read More

The Time to Act is Now!

When the cost of living goes up, most people on average incomes can handle the increases by adjusting their budgets, even if it means they have to forgo some discretionary spending to which they have become accustomed. People whose budgets are already tight may need to look at generating some extra income, which is fine, when you are still able to work. However, what do you think will happen to you when you are living on the age pension, and … Read More

How to achieve financial independence

Financial independence: It’s something almost all of us dream of having. But to achieve financial independence, there are several important factors to you need to be mindful of. Whether it’s getting a handle on your necessary expenses or acknowledging that sacrifices do need to be made, independence does require genuine effort and consideration. However, these efforts are worth it in the end. In today’s article, we offer an overview of some of the most important things you need to do … Read More

Saving money for the things that matter

In life, there’s the money you have for right now and the money you have for the future – the important things such as getaways and your retirement. But saving money for the future can often feel like an overwhelming feat. With home electricity bills, transport costs and having money for the unforeseen expenditures (as well as the occasional ‘for you’ costs), you can be forgiven for feeling as though you have no money to spare. The good news is … Read More

How confident are YOU about your money?

The world of finance has become even more complex after the global financial crisis hit the world in 2008. While Australia was spared the worst in decline of economic growth as a country, there is a group of Australians who bore the brunt of it and some have had to readjust their budgets dramatically. It’s ordinary people who live off their superannuation funds and those who operate a Self-Managed Super Fund as trustees that were impacted heavily. But that’s not … Read More

Soaring to create wealth for your future

The recent Federal election brought home to me a couple of home truths again – the first one was, nothing remains the same and the second one was that change is perpetual. I want to remind all my readers: the same is true for you and your life. One of the things I really love about change is that it provides me with never ending possibilities, such as the option to: change myself change my lifestyle change my future change … Read More

The key to retiring with a better quality of life

Do you know people in your circle of friends who need to support their parents in their old age? If you do, then you’ll know that it’s no picnic for those who need to watch every dollar they spend because the age pension just isn’t enough. Knowing what life could be like if you yourself only had the age pension to support you in your golden years, I bet that you would want to avoid that and you may ask … Read More

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