Are Prenups Worth It?
Ask a lawyer and they will say – it depends. And because I am not a lawyer you are probably asking why an accountant is writing about this. It’s because these deal with financial matters and that means accountants get involved if needed. And often we accountants get told about a divorce before the other […]
So you don’t think you can invest?
I get it. If you have average or just above average income, you may think it is not possible to invest. You may think that your Super will be enough. Maybe. But honestly? I think that is just crap. Have you heard of Theodore Johnson? He was a UPS driver whose maximum earnings in a […]
Insurance Companies … Profits, Claims & Survival
We have all seen the advertisements which show how much our insurance companies care about us. RACQ likes to show there is always a claim person on hand as soon as a disaster hurricane strikes. Or maybe AAMI, which is always beside the car, ready to pick you up the moment a tire comes off. […]
What is Wealth? It’s Not What You Think It Is
If you have emailed me recently, you will know from my autoresponder that I was away. Again. Yes, I was on leave, but did not see it as a holiday. The idea was to see my elderly mother, who is 84 years old, in India. Well, that is what I told everyone. But between you […]
What’s the Magic Number?
I get asked this question almost every week. And I never know the answer. You would think an intelligent man like me would be able to work it out, but obviously not. It’s probably the reason my wife thinks I am not intelligent. Ask her, and she will tell you I am an imbecile. Anyway, […]
It’s time We Talked.
People do not like talking about money. They don’t like talking about their wealth or their money habits. So, talking to elderly parents about money is usually a no-go area. But having to talk to them about death AND money? We are going into ‘I would rather go into a tank full of starving sharks’ […]
ATO – Showing Its True Colours!
As you know, I have been saying for some time that the ATO is about to show its true colours. And it looks like they have just started. It is something we noticed over time. Stricter telephone calls, unwilling to negotiate and quite happy to leave things as they are. But now we are seeing […]
So you think you have some Challenges?
Ever wondered what a true challenge is? For me, it is this. Thinking that I am still twenty. I think I have the body of a twenty-year-old. I think that I look like a twenty-year-old, too. And I think I can drink bottles of whisky just like a twenty-year-old. I know none of this is […]
Exit? … Do it with a plan!
Disastrous News! It seems about a third of small business owners are planning to exit their business by selling up. That in itself is not a bad thing. But selling up without having an exit strategy in place? Yeah….. that’s not a wise thing to do. Why? Well, because experience says that if you do, […]
What is Your Identity? And Should You Have a Business Identity?
As you know I am constantly trying to educate myself. That means I often go on courses. Some are good. Some are bad. And some are just awful. Most people think a course is bad because the subject is boring. I can tell you it has nothing to do with the subject. Accounting is boring […]
