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Debt recycling is borrowing against the equity in the home for investment purposes and applying the net income from the investments (plus any cash surplus) to replace bad debt with good debt. This ‘recycles’ debt to assist in accelerating wealth creation. This strategy is appropriate for clients who have a home loan and want to accelerate… Continue reading Debt recycling Read More

Better utilisation of surplus cash flow can help clients reduce the interest payable on their home loan. Interest on these loans is normally calculated on the daily loan balance and then added to the loan balance on a monthly basis. Clients can reduce their average daily loan balance (and consequently the interest charged) using one… Continue reading Control Cash Flow Read More

No two debts are the same and because of this, there is no one surefire way to reduce your debts. One of the main problems people run into is having too many separate debts to manage. If you take out a car loan, have multiple credit cards or a mortgage, then managing your repayments can… Continue reading Understanding debt Read More

Life is incredibly busy with work, family, pets, friends, running errands and socialising, so insurance may not always be at the forefront of your mind. It can be easier to just renew your insurance policy instead of reviewing it and looking at your options.  By not reviewing your insurance regularly, you are doing yourself a disservice.… Continue reading Reviewing your personal insurance policy Read More

The tax-deductibility of insurance premiums and taxation of benefit payments generally differs depending on whether the policy is held within a superannuation account or as a stand-alone non-superannuation policy. Holding cover through superannuation can hold some additional risks. For example, if you hold income protection cover solely through superannuation, you must be gainfully employed at the… Continue reading Taxability of Insurance Read More

A financial needs analysis is done to determine the current state of your finances and your future financial needs. A needs analysis ensures that you are not sold any financial product without an overall assessment of your finances and existing financial position.For example, in the past, a salesperson would have been able to sell you a… Continue reading Financial Need Analysis Read More

Life is incredibly busy with work, family, pets, friends, running errands and socialising, so insurance may not always be at the forefront of your mind. It can be easier to just renew your insurance policy instead of reviewing it and looking at your options.  By not reviewing your insurance regularly, you are doing yourself a disservice.… Continue reading Reviewing your personal insurance policy Read More

Protecting your loved onesYou’re working hard to take care of your family now – so it makes sense that you’ve already put a financial safety net in place that will protect them if you’re no longer able to provide for them in the same way, by taking out your current life insurance policy. Insurance can make… Continue reading What is life insurance? Read More

Coming into your 60s and with retirement just around the corner, but are you prepared?  Here are some tips on how to make your move out of the workforce a smooth one.Your 60s are the time in which you’re most likely to retire – according to the Australian Bureau of Statistics, of the Aussies who… Continue reading Saving for your future in your 60s Read More

You may be thinking retirement may still be years away – but it could creep up on you. Find out how to boost your retirement savings and maximise your financial wellbeing, when you’re ready to ease out of the workforce or say goodbye to it completely. For many people, your 50s are your golden years, a… Continue reading Saving for your future in your 50s Read More

In your 40s retirement can start to feel a lot closer. The good news is, there’s still plenty of time to make decisions that could have an impact on your future financial wellbeing. Let’s start with the good news: studies show that your income peaks between the ages of 45 and 54. You’ll potentially have more… Continue reading Saving for your future in your 40s Read More

Some big life changes – and big expenses – can occur in your 30s. The key to maximising your retirement savings now is making savvy financial decisions.  To save for retirement in your 30s, you might need to adopt the principle of delayed gratification. That is, being aware of what you can comfortably borrow and payback,… Continue reading Saving for your future in your 30s Read More