2017 has been a year of low interest – record low interest rates, that is. But record low prices don’t last forever. Interest rates will rise again. In the meantime, make 2018 your year of repaying non-deductible debt. That might make it your best year ever.
Continuing our theme of behavioural economics, this week we look at anchoring? Anchoring is how people can be mislead into thinking they have bagged a bargain. It also tricks people into selling good investments and keeping bad ones.
Last week’s blog was all about mental accounting. This week, we continue the theme and look at some bigger picture ways in which mental accounting can lead us astray.
Christmas is coming you might be tempted to buy a gift voucher for someone you care about. Think twice. Gift vouchers are actually irrational.
One of the things we most enjoy is helping people manage wealth across the generations. Most of our clients are working hard to give their kids (or their grandkids) a good start in life. So it makes sense that we teach those kids how to manage their money well. Here is our guide to doing just that.
Through no fault of their own, younger Australians are finding the housing market hard to enter. At the same time, their parents and grandparents are doing very well if they own a home. There is no point in waiting for an inheritance: the average age for receiving one of them is mid-50s. So, how can older Australians help their younger relatives get into their own home – and live near enough to visit often?
Estate planning can be one of the most rewarding parts of financial planning. After all, who does not want to make sure that their loved ones are looked after as well as possible? Happily, the best estate planning is often the best personal financial planning as well.
Marriage usually means you need a new will. And if this is not your first marriage, then you may need a will that reflects that you have obligations in different directions.
Superannuation is an often-forgotten area of estate planning. This article discusses the best ways to make sure your super goes where you want it to go when you don’t need it any more.
Entrepreneur Elon musk spent his first month in the United States living on $1 a day. He was 17 years old. Obviously, this discipline did wonders for his personal financial planning. Other people have taken on a similar challenge and report much the same thing. This article shows what we can learn from their experience.
