Personal Finance Tips

There’s no better time than the present to get your personal finance in order.
Building wealth certainly doesn’t happen overnight and as much as property investment is key, this all begins with how you manage your money.
These articles offer the best advice from finance industry experts so you can learn how to benefit from long-term monetary strategies.

Latest posts
Do you keep doing what doesn’t work – financially?
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Have you ever noticed how good we are at doing what doesn’t work?  For some (OK, for me), it’s with our diet. For others, it’s relationships. For many Australians, it’s how they handle their finances. It’s interesting how otherwise intelligent people behave so foolishly and keep on doing what hasn’t worked for years. It’s like…

$5.5 billion credit card debt wiped out during COVID
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Australians have wiped a total of $5.5 billion of debt accruing interest from their credit cards since the start of COVID-19, a drop of 20 per cent, according to figures released by the RBA. During this time Australians also took the scissors to their credit cards, closing almost half a million accounts in four months….

What to do when your prospects say “Let me Think About it”
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Have you ever pitched your product or service to a prospect and when you get to asking for the sale they respond with “let me think about it”? It’s absolutely demoralising isn’t it? The reason it feels so bad is because you know that what they are really saying is “no thanks” but they haven’t…

Can you claim car expenses as a tax deduction?
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If you use your own car for work purposes, you could be eligible to claim a tax deduction for car expenses, whether you own your car outright, are leasing it or paying it off. The Australian Taxation Office explains that you can claim a deduction for car expenses if you use your car to: Perform…

Limited Resource Thinking
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Recently I was considering the concept of limited resource thinking. It is often the case that a business may be held back by the owners having limited resource thinking. What exactly does this mean? A business owner may think they are unable to grow or expand because they have limited resources. Those resources may refer…

To Train Or Not To Train?
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I was talking recently with a client’s General Manager about the skill sets which that company’s middle management possessed. The General Manager was unhappy with some of the performance of his managers and was at the point where he felt some wholesale changes were needed. This led me to start questioning the extent to which…

The Three Inalienable Truths of Customer Service Delivery
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I want to discuss customer service. There are lots of courses and information available out there talking about the importance of customer service standards, key performance indicators (KPIs) in customer service delivery and world’s best practise with customer service. Each of these courses and theories has something positive to offer on the issue of customer…

COVID-affected customers should receive rate cuts not rate hikes
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Wondering what to do if you’ve got mortgage stress? Consumer advocate, RateCity.com.au, believes COVID-affected customers should not have to pay a higher rate if they can only afford to make interest-only repayments on their home loan when their six-month deferral ends. From September, homeowners on a deferral who can’t resume their repayments can potentially extend…

This is Why You're Still Broke
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I used to have a spending problem. So much so, I treated junk mail like my personal shopping list, and deep down, I wished my life was like those photos you see on Instagram with dudes wearing fancy watches, in a driveway full of Italian exotica and a clutch of bikini babes draped all over them. …

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