Posts Tagged ‘financial planning’
Why we love and loathe #Budget2018
The Federal Budget was announced last week and has, once again, divided the opinions of Australian consumers. The use of data to benefit consumers seemed high on the Treasurer’s agenda, with a number of well-received initiatives to support control and privacy. But his measures to boost consumers’ personal finances were labelled modest and unfair by…
Read MoreThe future of financial advice
…no, I’m not referring to the Parliamentary Joint Committee on Corporations and Financial Services’ Inquiry into financial products and services. Though of course we welcome any reforms that improve the quality of financial advice in Australia, and enhance retail investor protection. What I’m referring to here is undoubtedly another key driver of the future of…
Read MoreNew Year, New You: 3 steps to successful financial goal setting
One of the most common resolutions Australians make – outside of the gym or the kitchen – is to become smarter with their finances. But “get smarter with my finances” doesn’t exactly fit the all-important “SMART” criteria for goal setting: Specific, Measurable, Achievable, Relevant, and Timely. Improving your finances can mean a million different things…
Read MoreHoliday Hacks for a Bubbly Christmas on a Beer Budget
By Katrina Haskew, CEO of Leading Advice It’s supposed to be the most wonderful time of the year. And in many ways, it really is! But the holidays can also bring out a large degree of financial stress if not managed correctly. What with the presents, party outfits, decorations, food and drink, extra socialising, and…
Read MoreHealth and wealth go hand-in-hand
Australians trust their doctors with intimate details of their physical and mental health and now wealth experts are urging a similar stance towards financial advisers. Leading Advice managing director Katrina Haskew believes incorporating mental, physical and lifestyle factors is integral to a successful financial strategy. “New clients often think we’re only there to discuss how…
Read MoreWhy it pays to ask the tricky questions
Most advisors haven’t been trained in psychology, counselling, or medicine. But in many instances, we find ourselves broaching on topics that require a little bit of knowledge in these areas. Why? Because your clients’ ability to implement your advice is strongly linked to their mental and physical health, and their life circumstances. The client going…
Read MoreSpring has sprung! 3 easy steps to spring clean your finances.
Spring has sprung, and with the change in seasons comes a great excuse to get into the spring cleaning. This could be literal, like cleaning and organizing our living and work spaces. Studies have linked home environments that are chaotic or messy and higher levels of the stress hormone cortisol. So, physical spring cleaning could…
Read MoreWhy general advice, is no advice at all
By Dante De Gori, CEO, Financial Planning Association of Australia. Trusted and transparent financial advice is the right of every Australian. And whilst it is extremely important that more Australians seek advice, it’s just as important they know what they’re getting. There is significant confusion among consumers, and within industry, media and Government about…
Read MoreThe first step in becoming a millionaire
– This blog was first published on The Hip Pocket – From that glorious moment you receive your first lump sum in the form of pocket money, you begin to make financial decisions. At that point, these decisions may involve choosing between saving that exciting gold coin in your piggy bank, or using it to…
Read MoreTen things you're doing wrong at tax time
Let’s admit it. Putting together a tax return isn’t exactly something most people relish. But completed correctly, it can be one of the largest lump sum payments some of us receive each year. So, it definitely pays to get it right! Unfortunately, though, not all of the 8.5 million or so Australians who submit a…
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