women

How feelings can get in the way of financial success

How feelings can get in the way of financial success

One of the assumptions made by traditional financial planning is that a client makes rational decisions.  Advisers are educated to expect that people will arrive at the “fact-finding” meeting with all their financial information at the ready along with a clearly defined list of goals that they want to achieve. I can honestly say, that in my experience, working with new clients almost never happens in such an over-simplified, vanilla, just follow the process kind

Financial Advising with positive intent

Financial Advising with positive intent

I recently wrote about how clients of financial advisers can ask questions to test for conflicts of interest around their advice relationship.  Reflecting on it since, my thoughts have now turned to exploring all the positive qualities that un-conflicted advisers can bring to their client engagements. Doing this has taken me back to what it was that attracted me to financial planning as a profession in the first place (for those that don’t know me,

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

If only we could insure against relationship breakdown

If only we could insure against relationship breakdown

When I sit down with couples to talk about their life insurance, the conversation usually goes along the lines of “I want you both to consider what you would want your life to look like if your partner was no longer around, or unable to provide for the family”. For a couple with dependent children, the process would usually involve putting a value on the primary breadwinner’s likely financial contribution to the household between now

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

Having a Financial Plan is a Feminist Issue?

Having a Financial Plan is a Feminist Issue?

I have read a couple of reports this week that discuss the issue of women not taking a proactive interest in their own financial affairs and relying on their partner for financial security. One of the reports (here) talks about newly published research that shows that 70% of women interviewed are relying on their partner financially.  It goes on to say that these women are at risk of financial abuse.  Whilst I disagree with some

Financial Advice is Good For Your Health

Financial Advice is Good For Your Health

A newly published piece of research claims that people who receive advice about their finances have higher levels of health and well being. Confident though I am in the value of good advice, this seemed a bit like a magic bullet to me.  On closer inspection it seems that it is not just simple cause and effect. The missing link is that the process of getting assistance from a financial planner increases the recipient’s financial