Forced national savings are a good thing; it just makes sense to put something aside for your retirement. Twenty years ago former Prime Minister and then Treasurer Paul Keating announced compulsory “Superannuation”. Starting at 3% and increasing to 9% of wages paid, this employer paid system along with its generous tax incentives was sold as…
Your greatest asset for financial success is your brain, so be sure to protect it from poor advice. At this time of financial crisis, people are seeking good, relevant advice. But this can be hard to find. The following is typical of a question you would see in a financial publication — and its less-than…
Last month I felt there was a very strong case for the Reserve Bank of Australia (RBA) to cut the official interest rates by a full 1%. I kept my considered views to myself but wished I hadn’t afterwards (as you do). This month I considered the arguments and reasoning put forward by economists, journalists…
The so called economic guru’s are very quick with their opinions and commentary on the state of economic affairs; but remember they are only expressing their opinions. While I don’t profess to offer financial advice, or to have the answers to “life, the universe & everything”, I too have opinions. In the lead up to…
My Finance Broker Said I Should Have ABN & GST Registration But My Accountant Said It’s Not Needed. Why Would They Differ In Their Opinion Please? They are both right! It all depends on what you are trying to achieve. I am not going to give you financial advice nor tell you to ‘defy’ your…
READ THIS! A friend recently shared a simple story with me that cleverly explained the power of compounding… and the dramatic effect this has on our “opportunity window”. He called the story “Lilies in the Pond”. It is so powerful I thought I’d pen my version for you. A water lily planted in a pond…
