Tag: debt

Debunking The Top 10 Myths About Money

As long as Money has been around, there has been a family friend or work colleague that has been happy to tell you what you should do with your money, usually wrong though. It’s also a subject that really isn’t taught at school and so has long been a topic surrounded by myths and misconceptions. […]

What is USA Debt Ceiling and why should we care?

Essentially, the US debt ceiling is the maximum amount of money that the federal government is legally allowed to borrow in order to finance its operations. This limit is set by Congress and determines how much debt the government can accumulate. It started back in 1917, when Congress created the debt limit, also known as […]

“21st Century re-think when it comes to money”

I am sure many of you would remember the ‘smashed avocado on toast’ article that described the present generation as a generation that can’t save and will never afford property, as the inference was that they are spending their money on smashed avocado on toast rather than at home having cereal, and saving money! What […]

The 7 Steps to Reaching Financial Freedom

After 30 years of being an adviser and coaching families to reach financial freedom, it came down to ensuring these 7 steps were followed to ensure the most effective and efficient method possible. Step 1. Plan to be Financially Independent As the saying goes “if you fail to plan, you plan to fail”.  As in […]

Home mortgages and the Sandwich Generation

As a member of the sandwich generation, I’m going to guess that taking out your first home mortgage is not at the top of your mind. Rather, you might be well down the path of paying that mortgage off, or perhaps you’ve already paid it off. However, particularly if you have an outstanding mortgage, there […]

Getting your money under CONTROL!

Analysing your spending habits with a budget can be difficult, but it is the core of any good financial plan. I know budgeting to most people seems like a dirty word as it implies missing out on all the good stuff. Whereas when I explain it to my clients I simply say, having a budget […]

Debts ain’t debts: separating the good from the bad

The first time I saw debt as two distinct types, that is ‘good’ debt and ‘bad’ debt was when I read Robert Kiyosaki’s “Rich Dad, Poor Dad”. For me it just seemed to click as till that point, I had used debt for a range of things – to build a home, buy a business […]

Educating your children on Money

You may have missed it but last week was World Financial Planning Day (6th October). An interesting statistic from their website was that 4 in 5 Australians aged between 18 and 39, would like to “spend time a with a financial planner who could help them achieve their money and life goals” (FPA ‘Gifts That […]

Why do highly paid Execs and CEOs struggle with money?

We often look at the lifestyles of our top execs and CEOs – mega salaries, great homes, expensive cars, first class travel – what’s not to like! So for some, how does it all go so terribly wrong? I have helped people earning more than a million a year in salary, a great lifestyle but […]