Education

Don’t accidentally lose your life cover

Don’t accidentally lose your life cover

For some people, the life and permanent disability insurance they hold within their super fund is the only life insurance they have.  They may be unaware that this insurance may be cancelled by their super fund, without their explicit consent on 1st July this year. The change in rules has come about because the government is concerned about the erosion of members’ super balances due to fees and charges for things they don’t need or

Moving up the Financial Success Hierarchy

Moving up the Financial Success Hierarchy

Where are you on the Financial Success Hierarchy?  Have you completed all the levels?  Are you on your way? No one is born knowing about money.  We are very likely to have picked up our biases and beliefs from how others  behaved around us when we were growing up.  These ingrained “truths” can sabotage us in many ways and we may not achieve the financial futures that we could and should.  Overcoming your blocks around

Women and Super

Women and Super

I was recently having a chat over coffee with a group of other Mums in business (truthfully I was doing a bit of market research) and I asked them if they felt that they had less super savings than they should have considering their ages and stages.  A conversation then followed about the gender pay-gap, taking time out of the workforce to raise a family and finding yourself sole breadwinner due to either illness or

The Basics about Gearing

The Basics about Gearing

With recent announcements from the major banks that they are raising interest rates on investment property mortgages, I think it is timely to talk about geared investments. In simple terms, a geared investment is one where some or all of the funds being invested are borrowed.  The investor pays the interest on the loan with the intent that the investment return will be greater than the interest paid on the borrowings.  The equation may also

Self Employed – Don’t neglect your super

Self Employed – Don’t neglect your super

When you are in business for yourself you very much have all your eggs in one basket.  You are investing in your own success and putting your money where your mouth is.  There is no employer to look after your payroll admin, no employee benefits, sick pay or long service leave.  There is probably no Superannuation Guarantee. All consuming as running a small business is, it is still important to take the long term view

How to invest when you can’t predict the future

How to invest when you can’t predict the future

If only it was possible to predict the future.  Whether it be the lottery, the stock market or even which career to choose, we could always be certain of picking the winner.  Unfortunately life isn’t like that and we can only make decisions based on the information that is available at the time. Some investment advisers may try to give the impression that they have expert or inside knowledge of what is going to happen;

How much personal insurance do I need?

How much personal insurance do I need?

Would you and your family be impacted financially if you were no longer able to work?  If the answer is Yes, it is likely that you need to put some personal insurances in place (or review and update those that you currently have). But what type and how much cover do you actually need? (Hint: It is probably more than you think). Life: This type of insurance pays a lump sum to the policy owner

Make the most of your super timeframe

Make the most of your super timeframe

It is often said that compound interest is the 8th wonder of the world.  What could be better than earning interest on the interest on your interest?  And the longer time you have, the more it works.  Put your money in and leave it to grow all by itself. The superannuation system takes advantage of this; regular saving throughout a person’s working life plus the regular addition of investment returns is designed to help us

An Easy Win

An Easy Win

As a strategic financial adviser, I am always looking for opportunities to make a difference for clients that do not necessarily involve the purchase of a financial product.  In many cases, the simplest of advice can make a big difference. It is surprising how often people are carrying debts whilst having savings at the same time.  If this is you, it is a good idea to check whether this is placing you in the best

5 Things you should know about your Annual Super Statement

5 Things you should know about your Annual Super Statement

    It is that time of year again! Superannuation fund providers are preparing and sending out their annual statements. When yours arrives, here are a few things to check before filing it away.     1. Did you get more than one statement? If you have multiple superannuation accounts, it really is worth considering consolidating them. This will usually enable you to save on administration fees as well as making it easier to keep