Borrowing from your Self-Managed Super Fund (SMSF) during this lockdown period to keep your property dreams alive can be tempting although, is this always a good idea?
The end of another financial year is looming, and with that may come thoughts about your tax return and how your wealth has tracked throughout the year.
According to the Australian Bureau of Statistics (ABS), in 2019 there were 113,815 marriages. Sadly, in the same year there were 2,162 divorces, with financial issues cited as one of the major reasons for marriage breakdown.
Back in the days of “normal” interest rates the simple answer to the question “what do I do with any surplus savings?” was “pay off debt”. That’s still a sound strategy for anyone paying high rates of interest on credit cards or personal loans.
Is it the right time to leap into the property investment market? With low interest rates and rising house prices, many investors are jumping on the property band wagon. This article explains why property is seen as a strong contender for investors, what to take into consideration, and encourages readers to seek advice from their financial planner before taking the plunge. Continue reading
Previously when applying for a home loan, banks would lend would-be homeowners a sum of money based on repayments being less than 30% of the borrower’s gross income. Continue reading
As the New Year begins, striving high for your 2021 goals is a must! Whether your goals are personal growth, financial or business building, it is important to stay on track and ensure you’re prepared. Continue reading
Christmas is a time of giving and receiving, but as we approach this most dangerous time of the year for credit cards, we’d like to give you a quick refresher on the best ways to use your plastic so you don’t end up with a Christmas hangover (of the financial kind).
Positioning your portfolio when markets are on the rise is easy, right? You simply load up on growth assets and enjoy the ride. Continue reading
Each stage of life holds unique financial opportunities. This article takes you on the journey through five phases of life; from the magic of compounding for young adults to saving strategies for singles, the importance of insurance for the family guy, how to supercharge your super before retirement and finally, vital investing strategies for your golden years.