Amortization period The time taken to repay a debt, including accrued interest, in full through regular repayments. Basis points Refer to a common unit of measure for interest rates and other percentages. One basis point equals 0.01 per cent. For example, 50 basis points equal 0.50 per cent. Break...
Consolidating your super means moving all your super into one account. It makes your super easier to manage, and saves on fees. Before you consolidate, pick the best super fund for you. You can transfer your super for free in a few simple steps. If you're ready to...
Investing on behalf of your children can give them a great financial head start in life. And the earlier you can begin, the higher the potential financial rewards for them in the longer term. The combination of regular ongoing contributions and compounding investment returns can add...
When life tosses up an unexpected event – such as retrenchment, a medical emergency or even just a big bill to fix the car – it can be nerve-wracking worrying about how to deal with the crisis. And, if funds are short, that just adds...
It’s a challenging time for household finances right now. Interest rates are rising as the Reserve Bank of Australia increases the cash rate to put the brakes on inflation, and flat wage growth means household incomes have not been keeping pace with cost-of-living increases. The best...
Retirement means starting a new chapter of your life, one that gives you the freedom to create your own story, as you decide exactly how you want to spend your time. While retirement may not be part of your immediate plans, there are advantages to...
Many of us have dreamed of owning a holiday home, creating an escape from the hustle and bustle of city life. Holiday homes are great for bringing family and friends together and making memories. Whether it’s a beach house or a place in the bush,...
What's your super strategy? Did you know it’s likely you’ll spend up to two or more decades in retirement? It’s a long time, so will you be able to afford all the things you’ve thought of doing in retirement before your savings run out? By starting now...
Australian share prices have seen record highs in 2024 after a sluggish couple of years. The S&P ASX200 index added just under 7 per cent in the 10 months to October 31 closing at 8160. It reached its previous all-time high of 8355 just two weeks before. So,...
Protecting income from unexpected illness and injury is particularly important to anyone with a mortgage to service, small business owners and self-employed people with no sick leave available. With income protection insurance, you can be paid some 70 per cent of your income for a specified...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.