When tailoring your investment mix, it’s important to focus on the big picture and think long term. That way, you’ll be able to ride out short-term fluctuations and take advantage of growth opportunities.
If your partner is on point when it comes to managing their finances, whereas you don’t have the faintest (do you even know how much cash is in your account right now, or how much money you owe?), it’s a chat that mightn’t end well.
With a combination of having more time to exercise at lunchtime and by bringing in nutritious and controlled amounts of food (without the temptation of buying that banana cake at the counter) your healthier lifestyle could convert to diminished kilos.
Unfortunately, there are a lot of misconceptions about life insurance which can lead to missed opportunities to protect ourselves and our dependants. In this article, we’ll set the record straight for six of them.
It’s not just your circumstances that influence financial wellbeing. There are two significant money behaviours identified by the ANZ report as being key to better financial wellbeing and it’s all about sticking to a budget:
Procrastinating and leaving important decisions for another day is something many of us can relate to, but in reality the more time you give yourself to think these things through, the better off you may be.
In your 40s, with luck, you’ve left behind the credit card debt and personal loans from your 20s and 30s. After all, these days, you’ve got enough to juggle and should be dealing with only one non-deductible debt.
With its rewards, however, investing can also be challenging and confusing. Whether you dream of a new house or an investment property, money for your children’s education or the comfort of security and freedom in retirement – understanding the principles of good investing is the foundation of achieving your financial goals. Achieving these goals shouldn’t be luck. It requires commitment, research and patience, to ensure the outcome will be anything but uncertain. And, as with most things, you should plan ahead before you start.
Australia’s ageing population will potentially provide tailwinds for decades to come, boosting the demand for drugs, surgeries, medical devices, private hospitals, medical centres and aged-care facilities, as well as services such as nursing, pathology and radiology.
Markets are influenced by many things – industrial, economic, political and social factors can all have an impact. For example, consumer and business confidence affect spending and therefore company profits. Global trade and production naturally affect economic growth.
We are living longer than ever before According to the Australian Bureau of Statistics, life expectancy in Australia is amongst the highest in the world, and on record. For example, on average, a male born between 2013 to 2015 can expect to live to 80.4 years of age, while a female can expect to live 84.5 years. So, depending on the age you retire, you may need enough money to last more than 20 years.
By focussing on problems with how insurance is sold or the issue of multiple policies through super, we’re overlooking the possibility that many Australians simply don’t have any one policy that will enable them to meet their financial obligations and maintain their lifestyle if the worst were to happen.