Even as children, people create this big picture in their minds — a reflection of how they envision their life to be. Whether your big picture is similar to what’s called the Australian Dream (home ownership as the key to a better life) or not depends a lot on your priorities and goals in life. Either way, […]
Whether you’re in your 30s, 40s, or 50s, the importance of retirement planning cannot be overstated. Starting early allows you to build a secure financial foundation for your retirement years. However, the strategies and concerns differ based on your life stage. This article outlines the top three retirement planning tips and pitfalls to avoid, ensuring […]
In the world of investing, stocks and bonds often take centre stage. They represent two of the most common types of investments, each offering unique benefits and risks. As an investor, understanding stocks vs. bonds is key to building a diversified portfolio tailored to your financial goals. Just like bananas, stocks and bonds in the […]
People typically associate the new year with hope — a time for fulfilling plans, whether those are financial, personal or professional. The past year is finally over and you can now look forward to what the new year has in store. While it’s also possible things won’t be so different from the last, you still […]
The new year is a perfect time to reflect on your achievements from the ending year and to plan for the new year. While you can also make resolutions for other aspects of life, financial success should be at the top of your list. Check if you achieved your last year’s financial resolutions and take […]
To prepare for retirement, there’s forced savings in the form of social security, such as superannuation. Other options to arrange for a secure financial future are savings in the bank, investments and insurance. These days, preparing for retirement has become more challenging because of people’s longer life expectancies and lifestyle choices, including delaying marriage. […]
The federal government has pledged to look at ways to leverage $2.5 trillion in capital from superannuation funds and big banks for clean energy, defence and social spending. Treasurer Jim Chalmers hosted a roundtable with executives in Canberra on Tuesday, following similar gatherings on other issues last November and April this year. Dr Chalmers is […]
Investment, a field where even the most astute can stumble, is rife with potential missteps. However, these errors often serve as valuable learning experiences, offering insights for crafting more robust investment strategies. 20 investment mistakes to be aware of, which are crucial in shaping a sound investment approach. Unrealistic Expectations: Investors should maintain reasonable return […]
Confronting debt can be an overwhelming and stressful experience. Balancing daily living expenses while keeping up with loan repayments is a challenging task that can affect both your financial and emotional well-being. Nevertheless, with a well-structured plan and dedicated effort, it’s possible to expedite debt repayment and lay the foundation for long-term financial stability. […]
Inheriting wealth, while often a sign of a loved one’s thoughtfulness, also brings a mix of emotions and responsibilities. It’s a time that calls for both emotional support and practical financial planning. Taking the time to grieve and process your emotions is essential before delving into the complexities of managing your new financial status. […]
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