Cash flow principles to live by
Just as companies monitor the net flow of cash to ensure bills are paid, profits remain high, and investment opportunities aren’t missed, individuals that track and categorise their spending often find they’re better equipped to manage their money. Below, we explore a few important cash flow lessons and how they might empower you to improve […]
Life events that should trigger a review of your insurance
Most Australians have life insurance through their super fund. While this can be a cheaper and more convenient option than purchasing a standalone policy, the bundling of the two often leads us to think that our insurance doesn’t need attention, let alone active management. But your insurance doesn’t have to be set-and-forget. In fact, there […]
How to reset your finances after a setback
Most people will experience a financial setback at some point in their lives. But there are some events that can turn your world on its head and force you to start over. That might include job loss, relationship breakdown, illness or injury, or even a natural disaster. Adjusting to life after a dramatic turn of […]
How to deal with financial envy (and harness it for good)
On some level, most of us understand that there are more important things in life than money. But it can be hard to keep things in perspective when your neighbour is splashing thousands on their reno or regularly dashing away to their holiday home in Europe. The occasional twinge of jealousy might be nothing to […]
Ways your home can help fund your retirement
Many Australians enter retirement with a lot of their wealth tied up in their home. Income sources like superannuation and the Age Pension can be helpful, but sometimes they fall short of what you need to secure the lifestyle you want. One solution is to put your current home on the market and downsize to […]
Will you need to sell your home to fund aged care?
As you or your parents grow older and the realisation that some form of aged care may be needed starts to set in, it’s easy to find yourself worrying about the cost. After all, such a service — accommodation, nurses and support staff, and regular meals and activities — can’t come cheap. But is it […]
Passive vs active investments: Which comes out on top?
There are plenty of different investment types to choose from, but one of the more important distinctions you’ll encounter is between passive and active investments. Below, we explain what they are and how they might fit into your overall strategy. How do active investments work? Active investments, as the name suggests, are those where someone […]
What does financial freedom look like (and is it in the cards for you?)
There are many different paths to financial freedom. For some people it’s the product of years of planning and discipline. For others, it’s not necessarily a goal they set out to achieve but one they happen to stumble upon over time. Your idea of financial freedom might differ from the next person’s, but at its […]
Savvy ways to encourage your teens to save and invest
Financial literacy in school age children is important, but the stakes get much higher once your kids start working and earning an income. With money in their pockets and no shortage of places to spend it, saving and investing might be the last things on their mind. Fortunately, there are ways to entice your kids […]
Under or overconfidence: Striking the right balance as an investor
By Simon Russell Overconfidence has different components, but perhaps the simplest way of describing it is the feeling that we’re better at something than we actually are. The archetypal example here is the better-than-average driver effect: when you ask people to rate their driving ability, around 80% will consider themselves above average. Of course, we […]
How scammers target your superannuation (and what you can do to protect it)
Your super is likely one of your biggest financial assets, and unfortunately that makes it a popular target for scammers. While they have plenty of resources available to them these days, sometimes all it takes to dupe someone is a simple message and a promise of financial gain. Below, we outline a few ways scammers […]
5 steps to take right now to make sure your super is working for you
Your annual super statement will provide a snapshot of how your super is going, but it can also be an invitation to take a look under the hood and make sure you’re happy with its current settings. Here are a few things to consider once your super statement arrives this year. Consider how your super […]
