newsletter archive
Why you don’t need a SMSF
Self managed superannuation funds (SMSF) are often sold to people on the basis of getting greater control. That’s rubbish! Every time I hear it I roll my eyes and sigh heavily. An off the shelf fund gives you great control When you are thinking of getting more control over your superannuation, what control are you [...]
Save your Easter eggs for success
In a study conducted at Stanford University children were left in a room, each with a marshmallow, and given a choice of eating it then or fifteen minutes later, when they were promised a marshmallow as an extra reward for waiting. Imagine you are your five year old self – what would you do in [...]
The must read book for aspiring entrepreneurs
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.
To Fix Interest Rates or Not?
With two interest rate rises already under our belts more people are asking me if they should be fixing their rates. Read on to discover the pros and cons and if fixing your interest rates may be right for you.
The Three Fatal Financial Behaviours
Have you ever thought you are not getting as far ahead financially as you think you should, but are not sure why? Then maybe one or more of these three behaviours may be the cause.
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 [...]
Thwack! Zero income. How long will you last?
The economic down turn and publicised retrenchments may have caused your mind to wonder “how will I cope if I lose my job?” Whether or not you are facing the potential of losing your job I recommend you seriously ask yourself “how long could I last on zero income?”
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 [...]
Twitter
Youtube
LinkedIn
Matt Hern Financial Planning
RSS
Facebook
Digg