Building Wealth a Little at a Time

  • Building Wealth a Little at a Time

    Budgeting, Finance

    Building wealth isn’t about how much you earn or even how much you can afford to save. Building wealth is a process embodying one basic principle: developing long-term investment habits….

  • Property vs Shares: Which Is the Better Long-Term Investment? 

    Investing

    Budgeting can be hard enough for those in regular employment, who need to cover today’s bills as well as, hopefully, tomorrow’s emergency savings and investment in their future. But if you’re a self-employed sole trader, you have three more financial headaches to add to the list: setting aside correct amounts to pay the ATO, covering your own super contributions, and dealing with periods when there is no income flowing in. It can seem like a formidable task, but with the right advice, you can create a budget that will help you to navigate this potential minefield.

  • The hidden cost of extending your mortgage back to 30 years

    Updated on Investing

    The federal government has tried (via 2009 legislation and later instructions to banks from APRA, the Australian Prudential Regulation Authority) to ensure that mortgage borrowers will be able to service their loan and cope with any future interest rate rises. Despite this, many Australian homeowners are struggling financially as a result of inflation’s impact on the cost of living, geopolitical influences on fuel costs, and the Reserve Bank’s interest rate increases.

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