Recently APRA announced major changes to the structure of Income Protection policies. It will occur in a matter of weeks and is not receiving any publicity in the mainstream media so we felt this update was important so that you can make an informed decision. What is Income...
Retirees will have to reign in their spending if they want to live comfortably, with new data revealing yet another increase in cost of living for Australians. The Retirement Standard, which calculates how much you’ll need to live on once you stop working, has continued to...
Responsible lending guidelines are designed by financial regulators to protect the vulnerable from entering into more debt than they’re able to service, but are having a knock-on impact on some retirees. One reader complained that, despite having held a credit card with the same institution for...
Aussies are being urged to take note of the big money changes that are expected to occur this year, to help themselves prepare financially for the months ahead and save big where possible. Comparison site Finder has done some digging and compiled a list of key...
When I was in my 20s, I flirted with dreams of becoming a race car driver or a foreign correspondent.
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Pay more, more often. Want to pay off your mortgage early? Then make bigger mortgage repayments, more frequently. You’ll own your own home sooner and save a bundle on interest.E.g. paying an extra $10 per week on a $350,000 home loan (@7% average) saves nearly two...
Our New Year challenge Too time poor for resolutions? Try our challenge instead New Year’s resolutions are such a drag, right? Whether it’s fitness, family or finances, the best laid plans rarely last beyond the first week of January. Life has a habit of getting in the...
It’s a simple equation. Paying down your mortgage sooner can save you thousands of dollars in interest in the long run. Here are some ways to make the most of every dollar while paying off your loan quicker. Increase your repayments Let’s take a look at...
If you are a shareholder of a company, you may receive payments known as dividends. These payments represent your share of the company's profits and are your reward for investing. Dividends may be a great way to boost your income and are often considered tax...
Are you one of the 20 per cent of Australians with less than $250 in their savings account? Recent research from AMP Bank has found that one in five Australians isn’t saving any of their monthly income. And we’re all different when it comes to saving. People...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.