Empower Blog

MyWealth Portal Tutorials: MoneyFIT

(Editor’s Note: MyWealth Portal rebranded to Moorr in July 2022) In this tutorial I'm going to be talking to you about MoneyFIT, which is effectively a question that I'm asking you… Are you MoneyFIT? Well, what do you mean by that? Well, what we're trying to do is give you an idea of how you can compare yourself against your peer...

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MyWealth Portal Tutorials: MoneySMARTS

(Editor's Note: MyWealth Portal rebranded to Moorr in July 2022.) I'm really excited to be doing this tutorial because we're getting down into the MoneySMARTS section of MyWealth Portal. Now remember, you've got your manual which is the best-seller book, Make Money Simple Again. We've sent you your manual (in your email), so make sure you get f...

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MyWealth Portal Tutorials: Expenses & Borrowings

(Editor’s Note: MyWealth Portal rebranded to Moorr in July 2022.) Hello, in this tutorial video, we're going to be talking about expenses and borrowings as part of the MyWealth Portal. Borrowing is part of our ABCD fundamentals so it’s pretty critical to get it right. Let me unpack this a bit more. So here we are in the dashboard for D...

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MyWealth Portal Tutorials: Income & Assets

(Editor’s Note: MyWealth Portal rebranded to Moorr in July 2022.) In this tutorial, we're going to be focusing in on the incomes and the assets section of the MyWealth portal. And it’s pretty exciting because this is now where your dashboard is going to start to show some currency around all that information. So let's click on income ...

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MyWealth Portal Tutorials: Personal Information and Goals

(Editor's Note: MyWealth Portal rebranded to Moorr in July 2022) Good day, welcome to the first video in this tutorial series around organizing and setting up and becoming familiar with your new MyWealth Portal and then organizing your MoneySMARTS system on it. What I thought was producing these short tutorial videos to help you understand ...

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RBA Cash Rate March 2020: The Coronavirus Spreads Right Across The Economy

Today, the Reserve Board met – and wow, it would have been a challenging and interesting meeting to be at for this March decision. Effectively, the market was pricing in at a 90% chance of a rate cut, and they got it. So the cash rate has moved by 25 basis points down to 0.5%. Now, there was already a fairly good argument as to why they neede...

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New Features Introduced for MoneySMARTS!

Good day, Ben Kingsley here, Managing Director of Empower Wealth and I am thrilled to be able to share with you one of the latest features we have on Moorr, which is free for all of our customers and in fact, free for the public to use. And that is our MoneyFIT section. (Sign in to Moorr here: my.moorr.com.au) Now you probably got a question mark ...

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Merry Christmas and a Happy New Year from the Empower Wealth Team!

Hi everyone and Merry Christmas to all! In this year’s 2019 Christmas message, I wanted to focus on a theme around financial peace. I mean, the year has been challenging for some —a bit of economic uncertainty, a bit of job uncertainty — but the bright spot in the second half of the year has definitely been the property market. And that hopef...

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RBA Cash Rate – November 2019

On this Melbourne Cup Tuesday in November, the Reserve Board met and they've kept the cash rate on hold at 0.75% — and that's on the back of stable unemployment. So we haven't seen unemployment deteriorate — in fact, it improved — but more about that later. And we’ve also had some commentary coming out of the Reserve Bank, in regards to so...

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Defence: The Secret to Protect Your Portfolio and Prevent The Worst From Ever Happening

Hi, Ben Kingsley here. In our best-selling book The Armchair Guide To Property Investing - How to retire in $2,000 a week we talk about the Property Investment Formula. This includes Asset Selection, Borrowing Power, Cash Flow Management and Defence. In this how-to video I'm going to take a deeper dive into Defence. When you think about defence, w...

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RBA Cash Rate October 2019: Third Time Lucky?

Today Governor Lowe and the Reserve Board met for the first Tuesday of October and they've cut the cash rate. Now, 75% of economists believed that this was going to be the case.  If you were listening to some of the commentary last week from Governor Phillip Lowe around his concerns in the market, it was pretty clear that he was signalling to the ...

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RBA Cash Rate September 2019

G'day and welcome to September and on the first Tuesday of this month Governor Lowe and the RBA Board met and they kept the cash rate on hold at 1%. Now, some punters might have been thinking, “Well are we going another 25% lower?”, but really most economist believe that's going to be next month. So I suspect the board decided not to spook the...

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RBA Cash Rate August 2019: Is it Time to FIX Your Rate?

Today Governor Lowe and the Reserve Board met and they kept the cash rate on hold at 1%. Now that's obviously on the back off two rate cuts that we sold in June and July, which took the cash rate down to 1%. So the consensus is that we needed to see some time to see what impact those two particular rate cuts have had in terms of confidence, sentime...

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