Does it make sense to make additional concessional contributions to superannuation if you still have non-deductible debt such as a home loan?
wealth creation
Don’t delay the superannuation guarantee increase
Australians can only benefit in the long-term by increasing the superannuation guarantee from 9.5% to 12%.
Is there any value in financial advice?
Getting good useful advice whether from a plumber or a planner or other expert is a cause of concern for many people.
Saving for your children
Your child had their 8th birthday last week. Your mum-in-law again gave her yearly gift of $100 for your child’s saving account. Your second child is having their 10th birthday next month. In total, each child now has $4,000 to $6,000 in their respective savings accounts. You have been studiously putting away $25 per month for each child.
Secrets of the wealthy
Most people in life want one thing and that is to be able to enjoy their life without having to work all the time.
Budgeting to save money will not make you wealthy
Saving money alone will not make you wealthy. Having a deliberate plan to take some of your net income to go towards a dedicated investment strategy is what will help you build wealth and achieve your personal and financial goals.
Five good habits to build wealth
According to the Reserve Bank of Australia, the average Australian earns $1,164 per week or $60,528 per year. Then, the average Australian saves 4.70% of their income or $2,844 per annum. Not much.
Why home ownership is important for wealth creation
Australia has a choice to make. Is residential property there for people to live in? Or, is residential property for amassing as many investment properties as you can like a game of Monopoly? If you believe in the latter, there is nothing that needs to be changed. An individual investor who earns an income of […]