When discussing money in a relationship, it's not rare for arguments or disagreements to occur... We're only human. Being aware of the reasons why, however, can help with the communication process and understanding of one another.
You’ve spent what seems like a lifetime getting your dream home, and retirement is creeping up fast. You have put the absolute bare minimum contributions into your superannuation, but it doesn’t matter because you own your house and your house is your super. Right?
Most people need a car, it is a necessity that gives us the freedom of getting from A to B.
Eventually, you’re going to want to buy a new one and that’s fine if you are being reasonable. However, there are a few myths you need to be cautious of that could push you into making an unnecessary purchase.
“Each generation imagines itself to be more intelligent than the one that went before it, and wiser than the one that comes after.”
George Orwell said that in 1945. It was true then, is now and will probably always be true.
We spend a lot of time thinking about what can impact someone’s retirement.
Most people are focused on the risks associated with the market crashing, or Brexit, or Trump getting elected… or any other number of factors well outside of their control.
In reality the biggest risks lie in whether you have a plan, and whether you stick to it.
These are some of the main dangers that can stop you having the retirement you want.
When talking to people about their financial situation, I often hear ‘I need to look at this more often’. But I’m not sure that’s the answer. Some people may need to spend more time working on their financial situation, but I think for most people it’s just a matter of using the time they already spend focusing on the right things.
A major part of pre-retirement planning is focused on growing or increasing retirement savings using available cash flow. Two of the main ways to do this include paying down debt, or contributing to superannuation. To compare these properly we need to look at all of the factors that will affect this decision, such as:
Whenever we meet with someone for the first time, our first appointment is predominantly spent discussing their goals, objectives, and priorities. While some people know their financial goals, many people don’t. In addition to this, we also find that sometimes people think they have clear financial planning goals, when in reality they have what could be more accurately called a ‘wish’ or a ‘dream’.
January tends to be an interesting month. The hangover of drinking, eating, and spending too much wears off, and we start to try to make changes that we would like to see happen throughout the year. Whether it’s a new years resolution, or the realisation that another year has come and gone and not much has changed, there are 2 major goals that people tend to focus on in the new year: health, and wealth.
One of the first questions a financial planner will usually ask is: what are your priorities? Now, this is one of those questions that is well meaning but ultimately useless… unless it’s followed up with a simple test. Let me explain.
Dallas Davison, Michael Hogue and Ali Hogue.