08 7111 0022
Articles that make a difference in your life and building your wealth.
The #1 Barrier to Building Wealth
Do you know there is only 1 key barrier to building wealth? Q: How successful would you be at building wealth if you only did the things that you think you should do? A: To the answer is very. You would be very successful if you only took the action that you...
How do you mitigate financial risk?
How do you mitigate financial risk and what is the risk management process?Risk management planning is developing a plan so that there are enough resources to insure your family's financial security. Protecting Your Wealth with smart Risk Management Strategies and...
Warren Buffett – Berkshire Hathaway 2022
From Warren Buffett - Berkshire Hathaway 2022, Letter to Shareholders, Feb 26th 2022, these are my take outs. If you are interested in investing, see what he invests in. You may have your own take aways' for your own investment portfolio. Share Market Returns...
Growing Financially
The goal of life is growing financially, mitigate financial risk and to have the lifestyle you desire. It costs both time and money to enjoy life and the more time and money you have the freer you are. The problem is that if we continue to rely on wanting and buying...
Setting Your Wealth Goals
When it comes to setting your wealth goals, do you set Wealth goals or Wealth whims? We are in the business of wealth goals and here’s how you know the difference. Fantasies v Real Goals A fantasy is only being conscious of the upsides, the positives, the...
Whole of Wealth Strategy
FMG’s unique 'Whole of Wealth' Strategy session allows you to take an in-depth look at where you are now, where you want to be, confront the gaps in your life, and have a financial strategy aligned with your values and objectives, so you can accomplish your goals...
Your Mind, Your Wealth.
Your mind, and your wealth is intimately connected. And how you think has a direct impact on your life, your relationships and your health but it also has a major impact on your wealth.How so? First, it’s important to understand that we have two minds: First, your...
Tax Time
Find out how to can get ahead this tax time, before the 30 June 2021 deadline. We’ve got you covered on covid payments, claims, purchases, super and offsets. Below are six tax tips to help you reduce stress and save time this tax season.1. COVID-19 government...
The Compound Factor
The compound factor can work for your benefit, and can just as easily work to your detriment.If you don't know where you're going, you may not end up where you dream of. Imagine having a vision for your life and getting to the end of your life having not achieved it....
The Time Value of Money
The Time Value of Money is staggering. So why Invest Now Rather Than Later? SEE THE DIFFERENCE time makes in this chart. See how 19 year old Susan invested early. $2000 for 8 years, invested nothing else from that point and in 45 yrs has $1,000,000. HINT: START...
Put Yourself First
To put yourself first is a little controversial. We are not taught that! We feel it is selfish and we feel guilty. So I have a question, do you pay yourself first? This starts with a decision to put yourself first. When you fix your finances life becomes easier. You,...
New Year Calls For New Resolutions
It's true, a new year calls for new resolutions. Your new plans, updated goals and renewed dreams. Now is the right time to set yourself up with your updated wealth creation and protection strategies designed specifically around YOUR renewed dreams, goals and desires....
How to Maximize Your Savings Before Retirement?
What is the right strategy around how to maximize your savings before retirement? Maximizing your savings before retirement can be a confusing process. So, what is right for you and your circumstances?Often people just aren’t sure of what they need to be doing well...
Insurance is one of those things that when we realise we need it, it’s too late.
Insurance is one of those things that when we realise we need it, it’s too late. At FMG, our mission on this planet is to protect your wealth… so my first question is, do you have Insurance cover? Just as importantly, is it the right type of cover? And is it the right...
Vanguard Results 2020
As you can see in the latest Vanguard results 2020 index chart below, long-term holdings in the market pays off and as I talk about all the time, the compound effect can be massive.Where will your goals take you? While short-term market conditions tend to grab...
Long Term Wealth Strategy
A long term wealth strategy is one of those things that when we realise we need it, it's too late. Each category as important as each other when it comes to a long term strategy. And a life, retirement and wealth plan is key. At FMG, our mission on this planet is to...
2020 and Beyond
2020 & Beyond. A time of unknowns and uncertainties. This is a more complex situation than in 2008. Then it was a GFC based on deep seated financial problems. 2020 is about a virus. And scientists know little about this virus. At FMG, our mission on this planet is...
Financial Goals
What are your financial goals? Building wealth is a continual process that ensures your financial goals and strategies adapt over the years to your changing needs.How do you plan your long term wealth strategy? It is important to analyse your current situation, in...
Berkshire’s Performance vs. the S&P 500
BERKSHIRE HATHAWAY INC.I have put together a few snippets of information that was released to Shareholders of Berkshire Hathaway Inc. Reflecting Berkshire’s Performance vs. the S&P 500, in Feb 2020. Some things to ponder and perhaps expand your knowledge through...
Cash Reserves
Why are cash reserves important? If you have read my book, The Art of Building Wealth, you will be familiar with the section about strong foundations. My advice for everyone is always, to start paying yourself first. It may seem hard at first, especially if you...
The increasing economic threat from coronavirus – what to watch for and what should investors do
Key points The rout in financial markets has continued, on the back of coronavirus, made worse by a flow on to oil markets. The risk of a deeper hit to economic activity has risen. Key things to watch are the daily number of new cases, measures of economic stress and...
Coronavirus
Coronavirus.. Heads up, eyes forward, hands washed and dreams are still there.With the coronavirus advance we all have to do our part right now, so this is my unique way of doing it. Please read and access these resources below... People are struggling to find their...
2020
Not sure how you felt as 2020 came into existence but for me it felt very auspicious and the anticipation of this new year and new decade seemed really exciting. And add to that, the emergence of the Chinese new year being a Rat. Please don't let the name "Rat" fool...
Free Credit Report Resources
Top 3 Free Credit Report Resources There are free credit report resources out there for you to check your credit and even try to fix bad credit. Be educated about the credit reporting system. Most credit repair companies won’t tell you this. Get ONE free credit report...
The Cycle of Market Emotions Chart (by Russell Investments)
Some Solid Gold on Gold
The wisdom and some solid gold on gold! When fear is in the air and the talk about moving to the supposedly safe haven of gold, beware. Warren Buffett has his say on gold below. Some Solid Gold on Gold “Over the last 36 years working around ‘money stuff’, it’s...
Getting a Tax Refund?
Are you getting a Tax refund?
Here’s how to spend it in a way that will change your financial life!
Trauma or Critical Illness Insurance Cover
Trauma or critical illness insurance cover can provide a lump sum of money to cover immediate medical expenses and other financial needs when a critical illness or injury occurs. What is Trauma or Critical Illness Insurance Cover? Trauma or critical illness cover pays...
Self-employed and want a home loan?
Firstly, owning your own business you’ll know all about the challenges of admin – keeping your accounts, finances and income flow all on track. It’s not easy. The last thing you need is a ‘no’ on your home loan application because of the paperwork.But here’s some good...
Low Deposit / Graduate Loan
Low Deposit / Graduate Loan products to get you started sooner Welcome to our business of getting South Australians into home ownership sooner. A range of innovative loan products can help overcome the barrier of high upfront deposits and costs and help you get into...
How To Set Budget Goals
Budgeting can be hard. So, we have 5 top tips on how to set budget goals. Even when you think you’ve got it under control, a curve ball flies at you and suddenly you’re struggling again. Take a breath. Whether you’re a total beginner or a budgeting spreadsheet pro,...
Lenders Mortgage Insurance
This Fact Sheet has been introduced to help you understand Lenders Mortgage Insurance: Who is covered under LMI. When is mortgage insurance required. Who pays for it. When a customer is eligible for a refund of LMI. What is it and what does it cover? Lenders Mortgage...
2019 Vanguard Index Chart HOT of the Press
“Stay the course. No matter what happens, stick to your program. I’ve said “stay the course” a thousand times, and meant it every time. It is the most important single piece of investment wisdom I can give to you” John C Bogle, Founder of Vanguard “Our Perspective on...
Money Tips
8 Important Money Tips for when you land your first full-time job These are the most important money tips if you want to ensure you’re getting all the right things for you. Like, the right amount of super, paid weekly, fortnightly or monthly (not every quarter), while...
Improve Your Chances Of Getting a Mortgage
7 Hot Tips to improve your chances of getting a mortgage or refinance approval If your resolution is to get a mortgage any time soon, here are 7 things to think about that could definitely improve your chances of getting a mortgage or refinance approval on your...
7 Things A Home Buyer Needs To Know
There are 7 things a home buyer needs to know to be ready to enter the market. Here are the top 7 things a home buyer needs to know for buying your first home. 1) Bigger deposit, better position Some lenders can offer low-deposit loans for less than 5 percent of the...
Comparing Home Loans
Why should I be comparing home loans right now? Our circumstances are always changing. So, why should I be comparing home loans right now? We get new jobs, have kids, retire or become empty-nesters. Regularly reviewing your home loan can put money in your...
Tax Tips For Property Investors
Tax Tips For Property Investors – preparing for Tax Time Everyone could do with a little help come tax time and these are our 6 top Tax Tips for Property Investors. Whether this is the first tax season you’ve faced as an investor, or they’re a veteran property...
Investment Property Tax Deductions
Are you making the most of investment property tax deductions? As an investor, you might not realize there are investment property tax deductions you could be making on smaller items within your property. That could mean valuable savings at tax time. However,...
Control Your Finances
Are you a woman who is in control of your finances? With many women likely to become solely responsible for their financial wellbeing at some point in their lifetime, you might very well want to be in control of your finances from now. Along with higher rates of...
Financial Stress
Financial stress is increasing. 85% of the workforce are now worrying about money and their personal finances. The banks are tightening their borrowing criteria so financial bailout and consolidation of current debt is becoming increasingly difficult. More than 60% of...
Money Magnetic Tip 3 – Focus on the Client
‘When implementing a debt reduction strategy, always focus on servicing the clients and the debt will go away, rather than focusing on the debt where the clients go away’. What we focus on becomes our reality. Choose wisely. “It is not strength that matters, its...
Money Magnetic Tip 2 – Increased Savings
Increased Savings If you have an ongoing payment say, for a car, the moment the debt is paid off put that exact amount into your savings. If you don’t, either your income will drop or your expenses will increase to match. Since you were able to make the payment before...
Money Magnetic Tip 1 – Unexpected Bills
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. If you manage to put half of this extra amount of unexpected bills into savings you...
Good Retirement Advice
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...
Credit Score
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...
Business Loan
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...
Law of Compounding
The Law of Compounding applies to everyone… and is always working. “The Law of Compounding interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t… pays it.”Albert Einstein Albert Einstein called compounding the eighth wonder of the...
70:30 Money Management Rule
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...
Age Pension / Superannuation / Retirement
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...
