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If you are paying interest on a Depreciating asset you are going broke!
- October 18, 2019
- Posted by: formula1
- Category: Bank fees, Brokers, Budget, Enconomy, Finance & accounting, Finance News, Financial goals, Home loan product, House prices, Interest rate, Investment Property, Property Renovation, Rental Property, Uncategorized, Wealth
No CommentsCheck your investment property – If you are paying interest on a Depreciating asset you are going broke! Think about this….using your Net income to pay down an investment mortgage that is not increasing in value – BIG MISTAKE. One of the worst investment strategies you can find yourself in is throwing good money after
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7 tips to get ‘money-savvy’ with millennials
- September 9, 2019
- Posted by: Karen
- Category: Bank fees, Finance & accounting, Financial goals, First Home Buyer, Innovation, Wealth
You may be forgiven for thinking of the millennial generation as financially frivolous given all the headlines on ‘smashed avocado’ – spending money on café breakfasts. Contrary to popular belief, this generation can teach parents and older generations a few money savvy tips. Follow these tips and the banks will love you: If your finances
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Is switching loans a suitable alternative for me?
- October 18, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
Your home loan is usually your largest financial commitment. We understand that changes in interest rates can have a big impact on your monthly repayments and how long it takes you to pay off your loan. Switching loans might cost you thousands in early exit fees1 and other required fees, but it could possibly SAVE
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What do YOU know about the Australian lender market?
- October 13, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
The ‘Big 4’ banks have maintained a dominant profile in the complex and ever-changing Australian finance market – just think about how often you read about them in the news! And it is this high profile in our everyday lives that has contributed to a perception that all lenders are the same. Is that what
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20% of retirees will run out of money!
- September 22, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
Research1 shows about 20% of retirees are spending their super at ‘unsustainable’ levels. What does that mean? It means about one fifth of us will most likely outlive our retirement savings. And… This percentage is predicted to rise as more of us enter retirement! Recent research2 shows 54% of pre-retirees (55 and over) are financially
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Should we stay… or should we go?
- September 12, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
There is no end of financial advice on preparing for retirement: superannuation, investments, tax minimisation, age pension eligibility, funding your desired lifestyle – the list goes on. All this advice highlights the importance of planning ahead – the sooner you start the better prepared you will be. Downsizing is on the move Between 2009 and
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Debt Got You Down? Then Take Action Now
- August 7, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
A recent survey revealed 41% of Australians have credit card debt and of those nearly 4 million cannot afford to repay it! In addition: • The average Australian household has a debt of around 185% of their annual disposable income1 • Australian households have the fifth highest debt levels in the world with household debt
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Starting Over…
- December 25, 2016
- Posted by: admin
- Category: Budget, Wealth
In Australia today around 1 in 3 marriages can be expected to end in divorce. With 77% of Australian couples also living together before getting married (and let’s face it – some don’t go the distance) the real impact of relationship breakdowns is likely to be much higher than the statistics lead us to believe.
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Will The Bank Love Your New Job As Much As You Do?
- September 26, 2016
- Posted by: admin
- Category: Financial goals, Wealth
January and February are traditionally the months we see a peak in job seeking activity. Perhaps a consequence of all those new year’s resolutions for self improvement? Research shows Gen Y is now actively exploring and entering the property market. They are also well known as the job hopping generation with an average of just
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Planning For Retirement – Will You Have Enough Money?
- August 17, 2016
- Posted by: admin
- Category: Financial goals, Rental Growth, Self Managed Super Funds, Wealth
Did you read our quarterly question in this issue? 48% of our survey respondents have an investment property! That’s music to a finance specialist’s ears – it’s satisfying to hear those people have a financial strategy that could lead to a more comfortable retirement. 66% of respondents also said they are worried about having enough