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. […]
Wages grew strongly in the September quarter, according to the Australian Bureau of Statistics, with the accommodation and food services recording the strongest quarterly result in the history of the series. QUARTERLY WAGE MOVEMENTS BROKEN DOWN BY INDUSTRY * Mining – grew 0.8 per cent * Manufacturing – grew 1.6 per cent * Electricity, gas, […]
Australian workers had a bumper quarter for salary growth though a cooling labour market is projected to take heat out of wage improvements in coming months. The 1.3 per cent lift in the September quarter wage price index was the largest in the 26-year history of the measure and eclipsed the upwardly revised 0.9 per […]
A self-managed super fund (SMSF) is a private superannuation fund that individuals in Australia can manage themselves. These funds differ from industry and retail super funds, as they offer more control over investment choices and insurance options. However, managing an SMSF comes with significant responsibilities and risks. When you opt for an SMSF, you […]
When it comes to managing your money, it’s crucial to have a comprehensive understanding of the five key areas of personal finance: income, spending, saving, investing, and protection. Mastering these elements can be the difference between achieving financial freedom and falling into debt. Let’s dive into each of these sectors to understand their significance. […]
As clients seeking financial guidance and planning services, we play a crucial role in ensuring a successful partnership with our financial planners. Here are three essential insights from our perspective to enhance our collaboration with financial professionals and make informed decisions about our financial future. Sharing Our Unique Life Stage We understand that each […]
Are you the employee who eagerly waits for retirement day or one who fears it because they are not prepared? While there is no blueprint for a happy retirement, some actions can help increase the chances of having an enjoyable life after retirement. For example, you can proudly say that you are prepared for retirement […]
Saving a few dollars today can add up to a lot of money later on – cash that you can use to start investing, pay off your debt repayment, or save for retirement. But to ensure you have a clear direction and achieve what you want, you need to start setting financial goals – that is, […]
It’s easy to make mistakes with money, especially if you’re unaware of how dire the consequences of your actions could be. Here, we’ll look at some of the most common financial mistakes people commit that frequently result in severe financial difficulties. Even if you’re not financially secure at the moment, avoiding these errors would be […]
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