Matt Hern
The key ingredient to wealth
Hi Imagine for a minute that you’re on a ship sailing the seas; perhaps a cruise along the Alaskan coastline. The ship hits an iceberg, starts taking on water and the Captain announces “abandon ship – everyone to the life boats”. Traditionally, who are the first to be saved? The women and children. But why [...]
Apparently you are not responsible enough to be investing by yourself
“…weak and unsophisticated investors should not be permitted to make high-risk investments unless they are totally aware of the risks”. According to an article in The Weekend Australian the above is the opinion of Tony Lewis of Lewis Securities in response to recent loses experienced by investors in income based products. Lewis goes on to [...]
What if you live to 100?
Will you have money left at the end of your life or life left at the end of your money? Only one generation ago people did not need to think that much about creating wealth and saving for retirement; they often worked until they could work no more and then died soon after. Now the [...]
Can you really achieve your financial dreams?
About a year ago during a client meeting a young lady in her mid-twenties asked me, “Matt, why are we talking about all of these dreams and goals? Is it realistic to think you can achieve them?” Absolutely you can! You can achieve whatever you want, and there is lots of evidence to that effect. [...]
How to not lose your life savings
Oh the tragedy! On the front cover of yesterday’s edition of The West Australian newspaper was a story about a single Dad who had lost his life savings in the recent collapse of the property developer, Australian Capital Reserve. Sadly when I read such stories the empathetic part of me is quickly overrun by frustration. [...]
Advanced Gearing Products
This sixth article in the series on accelerated wealth creation summarises some other products you may have heard help you get rich fast. For example you may have heard of options & warrants, internally geared funds and capital protected funds. Leveraged products for pussycats and lions As sure as the sun sets in the west [...]
Margin Lending: An easy way to start gearing
This fifth article in the series on accelerated wealth creation introduces margin lending, which many may have heard of but not know how to use it to create wealth. Margin Lending Margin Lending is a term you may know but perhaps it feels a little bit foreign or even spooky. Perhaps you’re imagining it’s something [...]
Create wealth with your home
I hope that you had a wonderful Easter. This fourth article in the series on accelerated wealth creation discusses using the underutilised equity in your home to create wealth. On reading the title of this newsletter some readers may have asked “hang on, I thought Matt said your home is not an investment asset. So [...]
Crank Up The Pace With Gearing
This third article in the series on accelerated wealth creation provides an overview of gearing as a wealth creation strategy. Gearing is a strategy that enables you to leverage your income and equity, which may currently be under utilised. Gearing: You’ve heard of it, but what is it really? As one attendee at the IPWEA [...]
Increase your risk tolerance to accelerate like a tiger
My last article was the first in a series on accelerated wealth creation and introduced some ways to identify lazy wealth creation. Many of the ways to crack the whip over lazy wealth creation require a high tolerance of risk. Or to put it another way, you need to be more of a tiger than [...]
Is your wealth creation lazy?
Almost every day there is something in the news about the proposed takeover of Qantas by a consortium of private equity companies. This is one of a flurry of private equity bids in the past year. You may also have heard of bids related to Alinta, Coles, Channel Seven and Packer’s media assets. Interestingly all [...]
Would you like a cheap holiday?
Achieving your lifestyle dreams is about getting the most lifestyle from your current money as well as about creating wealth. If you’re like me and most other people I meet then you like the idea of luxurious holidays. And the prospect of not paying full price is a bonus attraction. Add to that an offer [...]
Saving for your children’s education
Research suggests that the cost of raising children can be about a quarter of a million dollars per child over their lifetime. When you add private school fees to the mix (and every associated expense), you can probably increase that by another 50% or more. So it is a wise idea to plan ahead and incorporate future education expenses in your wealth creation plans right from the day the “c” word enters your relationship conversations.
Six tips for choosing the best home loan
To help you choose appropriate finance products I interviewed one of Perth’s top mortgage brokers, Damian Day of Ardent Mortgage Services, and asked him to share his top tips.
Increase your cash flow by managing your debts
Cash flow is king. Fundamental to creating wealth is to have control of your cash flow. One of the first steps in doing so for most people is to have command over their debts. So with the recent interest rate rise spotlighting the impact of debts, this week may be a great time to share [...]
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