Understanding the Need for Financial Education
Feb 23rd
(or growing old and poor on lottery tickets)
Click here for your path to financial freedom
In today’s world of advanced technology there is no shortage of information on just about any subject or topic you want to explore. Hard copy magazines can be bought in any supermarket or news agency on any topic from ‘how to plant tomatoes’ to ‘how to build an aero plane’. The internet is now the most used piece of technology for sourcing information with over 1.6 billion users worldwide. If it’s not on the internet then it hasn’t been discovered yet. Read the rest of this entry »
Why the World needs Financial Planners
Dec 16th
Who needs a financial planner?
Several weeks ago I rang a client to arrange a review of his investment portfolio. He and his wife have been retired for a few years now and are enjoying a comfortable retirement in a quiet seaside town. Like all good financial planners we have been keeping clients up to date with regular reports and newsletters.
The fallout from the global financial crisis and continued uncertainty has made most clients nervous about the security of their investments. It’s made financial planners even more nervous with falling investment values and fear of losing clients in such volatile markets. Read the rest of this entry »
Take Control through Financial Education.
Dec 11th
Which Egg leads to Success?
When you think about it, our lives are about the decisions that we make and in many cases by the decisions that others make for us. There is no blueprint when we are born, which maps out our lives for us. Our failure, success or mediocrity is measured by a single or multitude of decisions along the way. Financial education enables us to make informed decisions.
How many of us make informed decisions though? Where we are given, or have access, to all the necessary information about the decisions we are going to make? At various stages of our lives decisions are made for us which we have no control over, and which can decide our fate or path in life. Consider all the young men who have been drafted into the armed forces. They had no choice in the matter and their fate was out of their control. Read the rest of this entry »
The Shocking Truth about Super Co-Contributions
Dec 3rd
Can You Save $3 day?
If losing money was a crime, there would be over 2 million Australians facing trial every year. That’s how many Australians are throwing money away by not participating in the government’s superannuation co-contributions scheme.
The scheme was introduced in 2003 and designed to help low to middle income earners build on their superannuation for retirement. It’s been well documented that the majority of people will not have sufficient savings at retirement to enjoy a ‘comfortable’ retirement. The Association of Superannuation Funds of Australia defines this as an annual income of around $51,000 for a couple or $38,000 if you are single. A ‘modest’ income is defined as approximately $28,000 for a couple. Read the rest of this entry »
Retirement Strategies for the Younger Generation
Nov 19th
Y Create Wealth?
I’m from the baby boomer generation and proud of it, but then again, I had no choice in the matter. A lot of people were born into the baby boomer generation and are now at the retirement stage of their lives. Many have succeeded to put away a comfortable nest egg for an enjoyable retirement but without a retirement strategy many more will struggle on little or nothing.
The problem has been recognised across the globe, as one of the largest work forces from any generation retires from active duty and is looking for support from the younger generations. With more people soon to be retired than are actually working, that’s enormous pressure which will be placed on the public purse to support an ageing and retired population Read the rest of this entry »
The XYZ of Adequate Returns in Super
Nov 17th
Tik Tok
If you’re a late entry X gen or better still a Y gen just entering the work force then it’s likely you have more than 40 years to retirement. And that means you have something that the baby boomers don’t have – time.
According to the Association of Superannuation Funds in Australia the definition of an ‘adequate’ retirement income will have you living on a figure of around $26,000 p.a.
Hmm, there goes that overseas holiday. Read the rest of this entry »
How Can I Grow My Super?
Nov 10th
Help me grow my Super
Retirement savings.
In Australia it’s referred to as Superannuation. In the US it’s known as a 401k fund. The purpose of both is to provide a retirement benefit for employees in the form of a passive income and to reduce the reliance on a government pension.
In Australia, it is mandatory for employers to contribute 9% of employee earnings into a nominated superannuation fund. Employees have a choice of funds to use, meaning they can nominate their employer fund or a fund of their own choice.
Employees can also nominate their own Self Managed Superannuation Fund which is a personal fund run by the member and approved by the Australian Taxation Office.
With the right investment strategy, every employee has the opportunity to build a substantial fund for retirement. Read the rest of this entry »
Knowing When To Buy and Sell Stocks
Nov 8th
Learn how to Buy and Sell Stocks
There are many different strategies to use when you are investing or trading in stocks. The important thing is that you have a strategy and stick to it. It doesn’t matter whether you are a short or long term investor – discipline is the key to success after picking what stocks to invest in.
What you also need to understand is that there is no perfect system out there. Any system you use will have its limitations but at least if you have a system you have a set of rules to apply for knowing when to buy and sell.
A system I use regularly for knowing when to buy and sell stocks is based on 3 rules and makes the task of buying stocks easy to use and understand. Read the rest of this entry »
A Day in the Life of a Nation
Oct 30th
A Nation Stops
If you’re anywhere in Australia on Tuesday 3rd November then you will know what is happening. It’s the day a Nation stops to listen to a horse race; The Melbourne Cup.
Recognised as one of the world’s greatest handicap races, it attracts horses from all over the world competing for glory and a prize purse of over $3 million. The race has been held annually since 1861 and only 5 horses have ever won the race more than once. The last was by Makybe Diva who became the first and only horse to have won 3 Melbourne Cups. Read the rest of this entry »
How to Start an Online Business Fast
Oct 27th
I don’t know about you, but I had a hard time trying to start an online business.
Lame Duck Rescued
All the hype about earning easy and fast money is just that – hype. When I first started, I jumped right in to a PPC advertising campaign. Took me a week or so to get the hang of writing ads but then the leads started coming in and I was on my way to my first million – or so I thought. By the end of the first month I had spent over $3k on PPC and generated around 250 leads. A handful of new people joined my program, but were just sitting there like lame ducks in a pond. Read the rest of this entry »
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