savings

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

When No plus No can equal Yes

When No plus No can equal Yes

Being originally from England, I am not unhappy with the use of double negatives (did you see what I did there?). I have since learned however, that as well as enabling the mastery of understatement, a double negative can also be used as a very effective decision making tool. It is quite easy to identify the benefits of something by looking at how things will be better if you do it or buy it.  If

How to pick a good one? (5 questions to ask your Financial Adviser)

How to pick a good one? (5 questions to ask your Financial Adviser)

There is no doubt about it, Financial Advice is taking a hammering at the Royal Commission into Banking and Financial Services.  With advisers charging fees for no service, making recommendations with the purpose of meeting sales targets and even charging to accounts of customers who have died it is clear that there is some work to be done to restore the reputation of financial planners in general. As a relative newcomer to financial services and

Is thrift coming back into fashion?

Is thrift coming back into fashion?

Call me a tight-wad, but I have always enjoyed being a bit thrifty.  Whether it be scraping that last little bit of sauce from the jar before I open the next one, or my “fashion” items from the ’80s that still like to wear occasionally,  I like to get the most out of everything before I am done with it. I suspect that the seed was sown by my parents.  As children of the second

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

With financial advice, why go comprehensive?

With financial advice, why go comprehensive?

You have an in-growing toenail.  Annoying, but not typically life threatening.  You go to your GP. Is it your expectation that while you are at the consultation your doctor also assesses your general health?  Would you be comfortable if they take your blood pressure, ask about your alcohol consumption, recommend that you lose a bit of weight? Would you expect that they also might notice the suspect looking mole on your arm?  Take a biopsy,

A financial planner should be with you for life

A financial planner should be with you for life

We all know that a puppy is not just for Christmas;  By taking the cute little bundle into your life, you are making a commitment to a long term relationship.  Your reward for this being years of faithful companionship (and hopefully some fun along the way as well). A lot of people only consider enlisting the help of a financial planner when they have an urgent need.  Redundancy, divorce and bereavement are all crisis situations

The Art of Mindful Spending

The Art of Mindful Spending

I am coming to the conclusion that there are just too many things to buy these days.  Add to that the ease with which purchases can be made (on-line, tap your card, on your phone) and it results in a situation where it can be very easy to lose control of your spending. Financial planners are reporting more and more approaches from prospective clients who are unable to make headway in their lives due to

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;

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