This Aussie Family

Times are tough. How can you position yourself to minimise the impact?

The last few weeks have been extraordinary to say the least. We’re battling a world wide health crisis and we face uncertainty in many aspects of our lives. It’s true that there are simply some things beyond our control and we will more than likely see many changes to our everyday lives for the remainder of 2020 and beyond. So, what can be done? On the other side of this, many people will be left with dramatic financial stress, whether it be periods of unemployment, depleted cash reserves or battered superannuation balances. And for many, timing will be an issue. Those who were weeks ago contemplating retirement may now need to change their plans. And those that are still accumulating for retirement have more than likely just seen their investments and superannuation return to levels of 5 or 6 years ago. Essentially the clock has be wound back in one way or another. It may well be a good time to take stock and lay some foundations for when thing...

Before you get excited (or not), I don't offer Pet Insurance, however I have received many questions about it. So I thought I would offer some thoughts to consider for your independent pet insurance research. Australians are a nation of animal lovers. According to the Australian Companion Animal Council, we have one of the highest incidences of pet - ownership in the world! Dogs and cats are our favourites; around 36% of Australian households own a dog, and 23% own a cat. We're familiar with the companionship pets bring, and the social interaction they foster, but there are other benefits too: Lowered blood pressure and cholesterol; Increased physical activity; Strengthened immune system and reduced incidence of allergies and Children learn responsibility, empathy and respect. When considering a pet, you expect costs like food, bedding, the annual vet visit and so forth, but there are other costs you may not have thought about. Let's start at t...

Don't Wait till you're in your 60's to see a Financial Adviser

Ask most 30-year old’s who their financial planner is and the typical response might be ‘huh?’ After all, financial advisers are for older people with plenty of money to invest, aren’t they? Well, yes, people nearing or in retirement will benefit from sound advice. But so will younger people. With the benefit of having time on their side, and with some help from an adviser, a 30-something can easily establish a wealth creation plan that can deliver a big payoff in the future. Harness compound interest It’s been called the most powerful force in the universe, and compounding returns – earning interest on your interest – can deliver dramatic results. Imagine that, at age 30, you commence a simple savings plan. You contribute $2,000 each year to an investment that delivers an after-tax return of 6% pa. After 30 years you will have contributed a total of $60,000, but your investment will be worth $158,116. The magic of compound interest will have delivered you an effortles...

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