Cash Is King… So How Do You Get It?
Often, I sit in front of a client and tell them they have had a good year with good profits. And I do it in a smiling, satisfied fashion. I am not sure I have the right to do that because very rarely am I the one who has done any of the hard lifting […]
Financial Freedom – Why is it So Hard?
I read recently that just one in 10 Australians report that they have financial freedom. It gets worse. That’s because 9 out of those 10 people who do not have financial freedom do not believe they will ever have financial freedom. But it gets even worse (if that’s possible). That is because when you analyse […]
My Child Wants $150,000. What Should I Do?
How times have changed. I grew up in an environment where there was not much money around. You did whatever you could to get along. And that meant parents did not protect us in bubble wrap. When I was a young lad, getting children into a car was easy. You just kept loading them in […]
Its 3.5% – Plus 0.5% Super! – Plan for it by 30 June!
The time-employed workers love and employers dread. It’s when the Fair Work Commission’s Minimum Wage Panel (FWC) get its big boys together over a coffee (or maybe even a fine meal and some good whisky) and decides what the increase in the minimum wage will be. They will tell you they have listened to workers […]
Are Our Children Financially Literate?
You may think it does not really matter. After all you may look at what you have achieved financially and think if you managed it so will your children. And you did not have access as a young person to the internet or Facebook or even Tik Tok. But like us our children will face […]
The Tax Office – Are you Listening?
I love the TV show Fraser. He had a famous line which was “I’m listening.” As a teenager, it taught me that maybe I should listen before I react or do anything. And so, I hope ATO listens because when an Ombudsmen starts to criticise government departments, you know there is a problem. But when […]
It’s That Time of the Year …. Again
For me, it is a dreaded time of year. That’s right, it is budget time. If you know me and have read my posts about the budget in the past, you know that unlike other financial boffs, I don’t get excited. I could not remember the last time I saw the budget live. To me, […]
Residential investment property – Wealth Builder?
Australia has a fascination with residential property. Everyone, it seems, wants to buy it. And everyone thinks they will become millionaires if they do so. But I have some alarming news. The problem is that we have the impression that property is the be-all and end-all. This, of course, is total nonsense. But let me […]
Not Everything We Do Has to Be Sexy……
A few years ago, I met a man who made a fortune selling stuff on Amazon. He was so good at it that he changed tracks, built an online platform, and sold courses to other people who wanted to make big bucks on Amazon. Now, I have to say that quite a few people I […]
Invest…. Or Reduce Debt?
This is a question I get asked a lot. And I mean a lot. In fact, recently I was asked the same question by one of my own team members. They are in flux. Use cash and borrow to buy an investment property or just pay off the home loan and not have to worry […]
