Empower Blog

MyWealth Portal Tutorials : Personal Information and Goals

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 Money SMARTS system on it. What I thought was producing these short tutorial videos to help you understand how you can use the MyWealth Portal to implement your Money SMARTS ...

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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 Money SMARTS!

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 our MyWealth Portal, which is free for all of our customers and in fact, free for the public to use. And that is our Money FIT section. (Sign in to MyWealth Portal here: www.ew.moneysmarts.com.au)...

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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 ...

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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,...

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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 signall...

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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 t...

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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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Before You Build Your Portfolio, Ask Yourself…

Are you thinking about investing in property? Not sure how many properties you'll need to retire on a decent passive income? Not even sure where to start? If you're even remotely considering property as the wealth creation vehicle for you, it might be a good idea to read this Special Report from Your Investment Property Magazine because our founder...

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RBA Cash Rate July 2019: Twice in a Row?

Today Governor Lowe and the Reserve Board met and they changed the cash rate for the second consecutive month, dropping the cash rate down by another 25 basis points. This is reasonably well-signaled, even though some economists still thought that the RBA may wait until August. So, what is their agenda? Well, if you look at the minutes — and ...

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RBA Cash Rate June 2019: The Cash Rate Announcement We’ve All Been Waiting For

Today Governor Lowe and the Reserve Board met and, yes, we have a rate movement. That's right — a 25 basis point cut, bringing the cash rate down from 1.5% down to 1.25%. For all you data nuts, I'm going to give you a little bit of a backstory in regards to where the cash rate has been. So it is the first rate move of any rate movement si...

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Should You Pay Off Your Mortgage or Invest??

Have you ever wanted to pay off your mortgage — aka do everything in your power to make sure the damn thing is no longer hovering over your head like a big ol' black and threatening cloud? Have you ever wondered if doing this would ACTUALLY be in your financial best interest? Honestly, have you ever taken a minute to really think about it? '...

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