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May 20195 ways to help your grown-up children manage their finances better
There are ways you can help your children by encouraging positive behaviour when it comes to their personal finances. We all love our children. So it can be tough to admit they may not be great with money. But be honest, do any of these ring a bell? They keep running out of money before their pay cheque comes in. They keep ‘borrowing’ money from…
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May 20198 things you might need to get sorted when you fly the nest
If you’re moving out of the family home for the first time, here’s what you need to think about. So the time has come to think about moving out of the family home. It’s a big step…take a second to imagine what it will feel like. Playing your music as loud as you want. House guests who can come and go as you please. Your…
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Apr 2019Spouse super contributions – when adding to your partner’s super pays
If your other half is a stay-at-home parent, working part-time or out of work, find out how adding to their super could benefit you both financially. If your spouse (husband, wife, de facto or same-sex partner) is a low-income earner or not working at the moment, chances are they’re accumulating little or no super at all to fund their retirement. The good news is, if…
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Apr 2019Making downsizer contributions into super – what you need to know
Older Aussies can put up to $300,000 into their super using the money from the sale of their main residence, regardless of caps and restrictions that otherwise apply. If you’re aged 65 or over and are looking to boost your retirement savings, you can make a tax-free contribution to your super of up to $300,000 using the proceeds from the sale of your main residence….
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Apr 2019The financial power of women
A state-of-the-nation report on the barriers to women investing. The research underlying this white paper was carried out via an online survey developed by CoreData, in conjunction with Fidelity International. The survey was sent out to CoreData’s proprietary panel of consumers with a minimum of $20,000 in investable assets outside of super. The survey was sent out between 14 January and 25 January 2019 and…
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Apr 2019How to set short term goals
By Flying Solo contributor Fiona Adler Lots of us walk around knowing inside that we have untapped potential and ideas for what might be possible in the future, but turning these thoughts into a reality is where we fall down. We know goal-setting is important, but how do we actually set goals so that we’ll achieve them? Thinking ‘short term’ seems, well short-termed. We’ve put so much…
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Apr 2019Don't just plan for retirement; Plan for your life
In the financial services industry, advising people to spend money is like being a doctor encouraging ice-cream consumption. There is a good reason why investment firms recommend setting aside as much as possible for retirement: many people in or approaching retirement fall short of what they need to be comfortable, according to the Association of Superannuation Funds of Australia standard for a comfortable retirement, so…
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Apr 20199 tips when you don’t size up in the financial department
If your partner has expressed that you’re a bit of a letdown when it comes to managing money, here are some pointers for when financial opposites attract. Depending on what stage of life you’re at, you and your other half may be in talks about moving in together, adopting a pet, buying a property, or the day the two of you may be able to…
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Apr 2019The Most Important Thing You Can Do For Your Health Every Morning
If you’re looking for one of the easiest morning rituals to transform your health, look no further than a glass of filtered water with freshly squeezed lemon juice. In addition to it being a delightfully refreshing drink, there’s a myriad of health benefits you’ll receive from this simple daily dose, whether you drink it warm or cold. Here are our top 9 life-changing health benefits…
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Apr 2019Ponzi schemes
Dividends but no real investment One of the simplest yet most effective investment scams is the ponzi scheme. The promoter promises investors a return on investment and says it is secure, but there is no real 'investment'. The promoter convinces people to invest with their scheme. They then use the money deposited by early investors to pay the first 'dividend' until investors feel comfortable and…