Asset protection seems to be a recurring topic with clients over the past few months. So let’s have a look at the top issue of asset protection that every property investor should consider: 1. Should I have a will? The answer is yes if you want to control who gets what and not leave it to…
We’re about to face one of the biggest financial shifts in Australian history, and it won’t come from the stock market, government policy, or even migration. Instead, it will come quietly, gradually and inevitably as Baby Boomers pass on their wealth to younger generations. This so-called “inheritance tsunami” will see close to $5 trillion transferred…
“Am I doing OK financially?” It’s the question so many Australians quietly ask themselves. But few dare to say out loud. Whether you’re just starting out, deep in your wealth-building years, or nearing retirement, it’s natural to wonder: “How do I stack up?” Well, let’s find out. Drawing on fresh data from the ABS, ATO,…
If you have ever checked your super balance and wondered whether you are “behind” for your age, you aren’t alone. To see where you truly sit, you should ignore “averages”, which can be skewed by a small number of very large balances. Instead, we look at the median, which is the middle value. Half of…
How are Australians managing the rising cost of living and housing? Well, new research from Money.com.au reveals that 23% of Aussies have asked or are considering asking for an early inheritance from their parents or grandparents to help cope with the rising cost of living. The data highlights that among this group, almost half (47%)…
Make sure to ‘die with zero’ for optimal happiness – that’s the idea behind Bill Perkins book – Die with Zero. In short, Perkins wants to rescue you from over-saving and under-living. So let’s dive into a challenging yet enlightening perspective on retirement, personal finance, and life priorities, inspired by Simon Kuestenmacher’s article in The…
Robert Kiyosaki’s book, “Rich Dad Poor Dad”, is a personal finance classic that has inspired millions of people worldwide to take control of their financial future. The book offers a unique perspective on money and wealth-building that challenges traditional financial wisdom. Here are six lessons from “Rich Dad Poor Dad” that are worth taking note…
There’s a saying that the definition of insanity is doing the same thing many times and expecting different results. If you make a mistake or have a negative experience and you return to that same situation hoping for a different outcome, then you are doomed to failure (and misery.) So much of the drama that…
Have you ever noticed how some people just seem to pull further ahead, year after year, while others work just as hard but barely move forward? It’s easy to shrug and mutter, “the rich get richer,” as if it’s some mysterious force beyond our control. But once you strip away the jargon and myths, what’s…
I recently appeared as a guest on The Australian newspaper’s Money Café podcast, where we discussed the FIRE moment. The acronym stands for Financially Independent, Retire Early, which involves living as frugally as possible, and investing as much as possible so that you can afford to retire as soon as possible. A listener that works in the mental health…
