Now the New Year has begun it’s time to refocus on some of the important goals we want to achieve. For those of us with children, no matter how old they are, it’s important to educate them on how to set themselves up for financial freedom over the long term.
The possibility of owning a home, has perhaps, become a faint dream for many younger Australians, but the need to save and build wealth and create financial freedom remains the most fundamental aspect of any financial plan.
When you have time on your side,
it’s not how much you earn,
it’s what you save that matters.
Accordingly, here are five financial rules young people, and the not so young, would be wise to learn early…
Read More…
Many millennials have embraced the ethos of YOLO, the acronym for “you only live once.”
Fitness guru Fred Liberatore, 51, knows first-hand the importance of making astute choices in your 50s.
tly, the Australian Financial Review (p33, 5 April 2017), ran an article entitled “Hotspot experts led investors badly astray”. The article was about Riskwise a company of ‘investment gurus’ that espoused their investment expertise in the glossy mag ‘Your Investment Property’ in 2011 and 2012. It’s not an uncommon tale.
*Recent figures by the Association of Superannuation Funds of Australia reveal that the costs of a modest retirement have risen by around a third in the past decade.
Dennis Bashford says there’s a two-part question every financial planner should ask themselves: How much time do I spend doing things my clients value, and how much time do I spend doing things they just don’t care about?