By Matt Hern on March 11, 2010
If you would love to be pursuing and profiting from your passion then I am excited to be sharing this book with you. I’ve just finished reading Crush It! by Gary Vaynercuk.
Gary Vaynerchuk passionately believes that now is the time to be cashing in on your passion, and I wholeheartedly agree with him. In Crush [...]
Posted in Profitable Passions & Careers | Tagged book reviews, personal brand, video
By Matt Hern on March 5, 2010
When you decide to establish a business it is first essential that you choose to operate within the appropriate business structure. Should you choose a company, discretionary trust (family trust), unit trust or a combination?
The answer will have a significant impact on the tax you pay and the protection of your assets.
For an overview of the two [...]
Posted in Self-employment (Business) | Tagged lawcentral
By Matt Hern on March 3, 2010
When a lawyer drafts your Will for you it is common that they will store the original and you receive a copy. One downside of that is keeping track of the lawyer’s current contact details. (I haven’t heard from the lawyer who drafted our Wills 5 years ago.)
The Public Trustee in Western Australia provide a [...]
Posted in Wills | Tagged estate planning, will
By Matt Hern on March 3, 2010
Many people overlook personal insurance thinking tragedy will never happen to them. Then a friend or family experiences tragedy and they get a wake-up call. The latest research released yesterday by Lifewise/NATSEM reveals that it can and probably will happen to you at some time during your working life. More than one in five families will be impacted by an insurable event in their working lives.
Posted in Protecting | Tagged income protection insurance, life insurance, Protecting, safety nets, total and permanent disability insurance
By Matt Hern on February 28, 2010
Over half the people I speak to professionally list “self-employment” as one of their life goals. If you too dream of going out on your own or starting a business then I strongly recommend that you read “The E-myth Revisited” by Michal E. Gerber before you quit your job. Preferably you need to read The E-myth before you succumb to what Gerber calls ‘the Entrepreneurial Seizure’. Read my full review of this essential book.
Posted in Self-employment (Business) | Tagged book reviews, newsletter archive
By Matt Hern on February 20, 2010
Zurich have published this graph showing the average duration of Australian bull and bear markets from 1970 to December 2009. The index used is the ASX200. Download the graph here.
Average Australian Bull Market
Average Bull Market Duration: 38 months
Average Annual Bull Market Return: 30.8%
Average Australian Bear Market
Average Bear Market Duration: 15 months
Average Annual Bear Market Loss: -31.1%
Interesting, but don’t put [...]
Posted in Share market | Tagged investment, Share markets
By Matt Hern on February 19, 2010
Certified Financial Planner professional Matt Hern is quoted in this article published in The Examiner newspaper, February 18th, 2010.
Download and read the full article here.
Posted in Children's Education | Tagged children, family & education costs, media mentions
By Matt Hern on February 18, 2010
I am often asked by clients and seminar attendees how I changed careers and how I found my passion for financial education and planning. In this article I share some of my story and recommend two resources for identifying your passion.
Posted in Profitable Passions & Careers | Tagged book reviews, career advice, success formulas
By Matt Hern on February 13, 2010
“Did I just read that right?” I thought as I put down my coffee and twice re-read this paragraph:
‘Consumers are still cautious about the debt they build up on credit cards. An analysis by card operator Mastercard shows that only 70.8 per cent of the total $46.9bn in credit card debt is accruing interest, which [...]
Posted in Managing Debt | Tagged credit cards, debt
By Matt Hern on February 13, 2010
There is such a myriad of ideas for how to manage you money it is very difficult to know where to start and what is appropriate for you.
In one of my regular interviews on Wake Up! WA we discussed money tips for young people, including students. IN the later half of the interview we also [...]
Posted in Saving | Tagged children, Managing your money, media mentions, video
By Matt Hern on February 12, 2010
Have you been watching the investment markets recover over the past year and wondering if you should be getting back in, or just in at all?
If so you may be interested in this perspective published by AXA Australia today called “Reading the Signs. A guide to investment markets in 2010.”
The guide is easy enough to [...]
Posted in Growing | Tagged investment, Share markets
By Matt Hern on February 10, 2010
Private health insurance is one of the valuable tools that you can use as part of your lifestyle safety net.
One of the big benefits is access to a private hospital and avoidance of lengthy public waiting lists if you ever need surgery. (Of course deep pockets also gives you such access.)
The private health system in [...]
Posted in Protecting | Tagged safety nets
By Matt Hern on February 2, 2010
This article is reproduced courtesy of the author LawCentral.
If you have a self managed superannuation fund (SMSF) it is essential that you as trustee regularly review the deed to ensure it is up to date. One benefit is that an up to date deed will give you access to the latest strategies as they become [...]
Posted in Superannuation | Tagged diy superannuation, lawcentral, self managed superannuation, smsf
By Matt Hern on January 29, 2010
Owning your own home is one major goal for many young Australians. But with property prices so high a first mortgage may appear out of reach. In this interview on Wake Up WA, Certified Financial Planner professional Matt Hern shares three strategies that first home buyers (especially young people) can use to save up to [...]
Posted in Property, Saving | Tagged home buyers, property, video
By Matt Hern on January 26, 2010
Confused by economics? Then you may enjoy this humorous video by Yoram Bauman, The Stand-Up Economist.
Posted in Economics | Tagged economics, humour, video
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