When things break down it’s not uncommon for unexpected bills to result. Depreciation is a physical/financial expression of entropy, the tendency of matter to break down or wear out.1 If you manage to put half of this extra amount of unexpected bills into savings you will see those same bills drop. This is the Universe’s…Details
Good retirement advice helps our clients reach their retirement goals. Firstly, concerns around having enough money to fund a desired retirement lifestyle is our biggest conversation with our clients. Similarly, eligibility for the aged pension, downsizing, and aged care planning are other aspects covered in good retirement advice and a good retirement plan. For that…Details
How Important Is Your Credit Score? There are few common misconceptions regarding your credit report and overall credit score. The Myths and Facts About Your Credit Score Myth 1: A credit score is more important than the credit report. Fact: Knowing the difference between a credit report and a credit score is…Details
Time to apply for a business loan? The thought of applying for a business loan could make many feel anxious. But it doesn’t have to. A well-rounded application will always get you much further – If you’d like to know what you can do to avoid an unpleasant rejection, here are a few things…Details
The 70:30 money management rule goes back to the Ancient City of Babylon some 5,000 years ago. Back then was one of the richest cities in the world. The 70:30 money management rule basically said that for all money flowing into your household 70% would be allocated to your lifestyle/ living expenses, with the remaining…Details
FOUR new Government measures proposed to address Age Pension / Superannuation / Retirement due to longer life expectancies. One of the focuses of these changes is helping retirees prepare financially for a longer and more secure life. It is in response to increasing life expectancies for Age Pension / Superannuation / Retirement. As a result, the…Details
Business finance in Adelaide has helped thousands of self employed and small to medium sized businesses successfully diversify with simple and smart business loans. There is an alternative lending market opportunity in Australia, and FMG Wealth Strategists is here to help. Business Finance Options Australia’s 2.2 million small businesses are the lifeblood of our…Details
We believe that a successful investment strategy starts with an appropriate asset allocation. Most suitable for YOUR objective. The below chart reflects this in Investments / Shares / Vanguard’s latest annual index chart . One of the key lessons of investing is still taking a long-term perspective. As a result, investing in a range of…Details
Aussie’s are proving to be NOT the best savers and are living on what we term as “hope-ium”. So when it comes to retirement, how much is enough? Recent history is generally showing us that unless you have a greater awareness and establishment of a retirement plan you could well NOT be retiring the way…Details
What 6 key aspects do you need to know about succession planning for your business? Succession planning describes the process of a business owner transitioning out of their business. Having a plan is essential to ensure the right option is chosen. Along with ensuring the relevant steps are taken to achieve your desirable outcome. There are…Details
Our Cashflow and Debt Solution NOW Makes it Easier For You Managing your money has now been made easier with our Cashflow and Debt Solution program. Your personal Cashflow and Debt Solution ‘made easy‘ program is here. In this program we are going to show you how to make the best choices you can with the…Details
The value of quality financial advice will always remain for Australians at their five key stages of life. Despite the royal commission’s disturbing recent revelations, there will always be a place for quality advice. What are the 5 Key Life Stages You Could Use a Financial Planner? It pays to ensure you are getting the right…Details
Imagine having an app to keep your priorities on track with an account that thinks like you do. There is a Bett3r way and here’s how.. How to keep your priorities on track with an account that thinks like you do Choose THREE or More Goals ~ easily build your goals with this…Details
Warren Buffet in his most recent annual report for Berkshire Hathaway highlighted over the last 53 years an overall gain in ‘Per Share Market Value’ from 1965 to 2017 a massive 2,404,748% (yes that’s million) compared to the ‘S&P 500 with Dividends Included of 15,508%.Details
Cashflow Debt Solutions Our cashflow debt solutions program now makes Managing Your Money easier. Structuring cashflow & debts efficiently and most importantly, to feel financially secure. Managing Your Money Made Easy We are going to show you how to make the best choices you can with the cashflow you have available Help ensure your debts are…Details
What 4 strategies can you put in place to ensure you’re in a financially strong position to make a career change?
Looking for a new job can be exciting, but research shows that financial commitments is one of the top barriers for people considering a career change.
So, what 4 things do you need to do with your finances before making a career change?Details
I find this is the best time for me to set intentions, goals and priorities for the coming year. So I wanted to share some insights from an article I think is so appropriate for us in this community and outlines the values in which we must bring on board if we are to become…Details
Active investing is generally more expensive and passive investing may appear more simple but investors should consider their goals before deciding. The discussion around index investment strategies or active and passive investment strategies is more complex and investors should consider their long-term goals when deciding which path to take rather than matters of ease and…Details
Little things can cause significant changes. We have all experienced that. Imagine if you could change the world, (and your world), just by making your bed. Yes I know it seems like an odd action and you may ask, how could making my bed change my world? Find out here – you will be very surprised and even a…Details
The US is leading the current boom and US shares are more over-priced than Australian shares, so US shares will have further to fall in the next bust. Australia and the United States are similar in many ways. Both are former British colonies with relatively stable democracies, both have strong political, administrative, judicial and educational…Details
Our values are what we create our lives around. Consciously or unconsciously these values determine where we spend our time, energy and money. The higher something is placed on your list of values the more you are inspired to do it, spend money and your energy on. Axiology being the study of values comes from…Details
So the biggest question is, what’s your wealth imprint (thermostat)? And how does it affect your ability to accumulate the amount of wealth you want to achieve during your lifetime?
“Why is it that we constantly see the majority of lottery winners and recipients of inheritances end up where they started some 18mths to 2 years later and in some cases worse off? You see we all have something called a Wealth Imprint. Or in simple terms a ‘Wealth Thermostat’. Our wealth imprint tolerance oscillates at approximately 10% above and below this individual imprint line.
What are the 4 Cardinal Feelings for Wealth Building? Wealth Building does not only involve quantitative factors but also qualitative factors too. Call it Psychological, Metaphysical or the ‘softer’ factors, all these are qualitative in nature and you need both to build wealth. One of these components is imperative for wealth building. Find out more…Details
Self Worth and Net Worth
There is something quite different between Self Worth and Net Worth. I have now come to recognize that our self worth affects our personal wealth more than I first realised. Growing up I always thought ‘Net Worth’ came before ‘Self Worth’.
Here is a great poem on how your SELF WORTH relates to your NET WORTH…Details
This month the focus of Planting your Wealth Tree Part 2 is eliminating your long term money worries and further generating that ‘feeling’ of financial security. Hopefully by now you have set up your ‘90 Day Reserve’ account that we discussed last month and started your direct debits to start building your ‘cushion’. Just to…Details
Case study Tony and his business partner Andrew run a successful veterinary practice. They each generate a pre-tax income of $20,000 per month and are jointly responsible for meeting the total business expenses of $16,000. This leaves them $12,000 each to draw as income every month. They have both used Income Protection insurance to protect…Details
Introduction to Planting Your Wealth Tree I have been wanting to introduce – Planting your Wealth Tree – for sometime now. It all came to the fore and became the ‘right time’ to share this with you on our recent family trip to Greece to visit my parents last Christmas. Revisiting some of the ancient…Details
You could be forgiven for thinking that active fund managers have been having a hard time of it lately. First there was the release of the 2016 results of the independent scorecard produced by research and ratings group S&P Dow Jones that tracks how active managers are performing versus index. The SPIVA scorecard result did…Details
Credit Suisse has released their annual investment returns yearbook which is always a good reminder of the benefits in taking sensible long term views on investing. The one thing that always strikes me when I read this report is how well Australia fares in terms of long term performance of our share market, which as…Details
Protect Your Business Revenue as Your Business Grows In order to protect business revenue, you should consider insuring the people who play a key role in the ongoing success and profitability of your business. What are the benefits? Imagine if something was to happen to you or another key person (such as a key…Details
In this wealth protection case study you will see how when taking out insurances, you should consider paying level rather than stepped premiums. What are the benefits? By using this strategy, you could potentially: pay a lower average premium over the life of the policy, and make your cover more affordable at a time…Details
If you are taking out Life and Total and Permanent Disability (TPD) insurance, you may want to arrange the cover in a super fund rather than outside super. What are the benefits? By using this strategy, you could: potentially reduce the premium costs, and enable certain beneficiaries to receive the death or TPD benefit as…Details
According to Vanguard’s 2016 Index Chart Australian Listed Property recorded a 24.60% return just in front of Global Listed Property with 20.40% return this last financial year.
In fact Listed Property Asset Classes for both Australia and Globally have recorded double-digit growth over the last 2 years. In the last 5 years only US and International Shares together with Listed Property achieved double-digit growth looking at the Vanguard Index Chart below.Details
If you have a family, a family business, and have beneficiaries.. you should consider using Life Insurance as part of your broader succession planning.
What are the benefits?
By using this strategy, you could:
- provide additional funds to equalize your estate in the event of your death, and
- ensure your beneficiaries receive sufficient assets to achieve your estate planning objectives.
With the looming Pension changes coming 1st Jan 2017 we have prepared a 10 point checklist for EXTRA Centrelink benefits OR at worst make sure you know your downside.
Don’t think Centrelink will be ringing you to say “Hey we could pay you more” and don’t wait until October for them to call you with how these changes will affect you…
Check off each of these 10 points to make sure you are not one of the 326,000 retirees who will be affected by these changes. It is predicted many will loose up to 50% of their pension or more and others will have their pension slashed.Details
If you’ve used debt to start-up or grow your business, it is wise to ensure you and other key people have suitable insurance cover.
Adam, aged 40, is married to Kylie, aged 35. They have a young family and own a home worth $600,000.
Adam wants to expand his dry-cleaning business and to do this he’ll need to raise some capital. After assessing his options, he borrows $200,000 from a bank and, as part of the loan agreement, he signs a guarantee using the family home as security.Details
Check out courtesy of Herron Todd White half time review of National Property Clock for Residential Houses and Units together with Commercial for Capital Cities around the country with specific commentary extract for Adelaide.Details
Why protect your income?
If an injury or illness forced you to take time off work, could you still keep up with your bills? Imagine what your life would be like if you hadn’t taken the time to ‘protect your income’ and your family’s financial security, in the event of unexpected sickness or injury.
What does income protection insurance cover you for?
To protect your income, cover is generally available for up to 75% of your monthly income. It provides an affordable level of financial protection in the event of sickness or injury. Most importantly, it provides enough financial support for you to return to work.
Some providers also allow you to receive up to 30% off in your premiums if you’re in good health and meet qualification tests.
Harriett is a self-employed architect and receives an income from her business of $120,000 pa. She owns a home worth $500,000 and has a mortgage of $350,000. If she is unable to work due to illness or injury. She wants to be able to protect your income and meet her living expenses and mortgage repayments. Without having to eat into her limited savings.
In Part 3, we examine the ongoing growth in the Exchange Traded Products market and consider why investors are drawn to this investment. According to the ASX, total market capitalisation of the Exchange Traded Products market at February 2016 was $20.62 billion, up from $16.98 billion in February 2015.Details