Planning
Planning the management of your finances to achieve your goals and to achieve what is important to you.
Advice for a young professional
The March issue of the Australian Financial Review Smart Investor magazine included a feature of financial advice case studies of people across several generations. I was fortunate to be invited to submit my advice to Scott Gubbins, a member of Generation Y. You can read the case study here. (Courtesy AFR Smart Investor.) Scott’s scenario [...]
Not So Average Wedding Cost
In the life planning step of my “Save For The Significant” process one of the common goals is a dream wedding. Parents often list a goal of wanting to contribute to their children’s weddings. And independently minded young couples often want their dream wedding without the “suggestions” from their well-meaning parents – thus they want [...]
Kick Start 2010
Are you are goal setter? Do you like to be purposeful about the way you live, experience and achieve? If so, then this e-book is brimming with ideas to help you kick start the new decade. My article, “How To Have Enough Money For What You Want” is on page 17. Most things in life [...]
Solving The Financial Decisions On Your Mind
On Thursday I conducted a webinar in which I addressed the top three types of financial decisions that are on your mind, as submitted in the recent survey. Almost all respondants said that they think about these things daily or a few times a week. That is a lot of time and energy consumed on [...]
If your only tool is a hammer
You may be familiar with the adage that to a person with a hammer every problem looks like a nail. This is very applicable in the world of financial advice and many clients are not aware of it. Unfortunately, when you don’t know any different you are often also oblivious to the consequences, which include: [...]
An example of how DIY is costly
Do-it-yourself financial planning can be costly because often you don’t know what you need to know. With a litte more knowledge you would make a more informed financial decision that can both save and make you money. This was clearly illustrated in my conversation just now with one of the other tenants in my office building. Let’s [...]
Take The Financial Pressure Down
Today is Stress Down Day, to raise funds for Lifeline. As part of their promotion of Stress Down Day Lifeline conducted a Newspoll to discover what was stressing Australians. The Newspoll found that two thirds of Australians are stressed about money, second only to being stressed about work. Does that include you? The Lifeline poll [...]
More Money To Pursue Your Passions
Do you want to create wealth but your eyes glaze over with number talk? Would you like ideas to manage your money in a way that doesn’t take much time and doesn’t require you to read the business news every day? Do you like the idea of outsourcing to a professional but are not sure [...]
Defining TRUE financial planning
I wish I could tell you that there was a definition of financial planning that the entire industry, regulators and government agreed upon. Sadly that level of consensus is something I can only dream about in my lifetime. To me true financial planning is about maximising the likelihood that you have the financial resources to always live the life you’d love, now and in the future. In shorthand I think of this as financial fulfilment.
Find Ten for Wealth
As I recently rode around a nearby lake with my daughter I noticed a Find Thirty logo painted on the pavement. The Find Thirty campaign encourages us to complete 30 minutes of physical activity each day as an investment in our physical health. Imagine the possibilities if we also found thirty minutes for wealth? Imagine [...]
Retirement simulator launched by AMP
Today AMP launched a new online tool called the “Retirement Simulator“. I’d like to congratulate them as it is a well constructed, flexible tool for estimating how much you may need to save to achieve your desired retirement lifestyle and for that lifestyle to last until at least your life expectancy. By necessity the tool [...]
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