Money management articles & tips

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: How to Log In

(Editor’s Note: MyWealth Portal rebranded to Moorr in July 2022.) Hi Ben Kingsley here. In this tutorial video about MyWealth Portal, I'm going to teach you how to actually get into MyWealth Portal for the very first time. Now it's really easy. By now, you would have been sent an email and inside that email there's a couple of instru...

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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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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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The Property Couch Chat with Paul Clitheroe

We usually don't repost the episodes in our podcast, The Property Couch, but our 200th Episode is a milestone! And for our milestone, we got a legendary Money Guru that changed a lot of Australian households back in the 90s. Yes, we are talking about none other than Paul Clitheroe! As the host of the show Money on the Nine Network from 1993 �...

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The Art of Money Management

Hi, Ben Kingsley here. In this How To Session, I want to talk to you about the art of money management. Some might argue that it's a science but, for me, it's definitely an art. There's no scientific aspect to it, but there are some rules that you need to follow. Most of us have attempted to use a budget before — a very typical or standard budge...

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We’ve got an office in Sydney!

New Year. New Office!! Empower Wealth is here in Sydney! We are aware that many of you were asking us for this, so we asked ourselves, “What’s a better way to welcome in a new year than with a new beginning?” (Plus, we couldn’t resist tailoring your Empower Wealth experience that little bit more). So, we are very excited to announce that o...

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Have you taken this critical step to reducing your debt?

Hi, Ben Kingsley here. I hope you've had a great Christmas and a fabulous new year. But now we've got to pay for that joy, don't we? Now, if we've put too much of that on our credit card then, ultimately, we have to be paying off that credit card. Did you know that in Australia, credit card debt sits at around $33 billion! So we do have a problem...

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Variables to Consider when Modelling a Property Portfolio

In this advanced "How to..." session, I want to talk to you about all the sophisticated cash flow variables that any good cash flow management and property portfolio planning tool should have. So let's start from the top in terms of cash flow management. Naturally, we need to do our budget, and we need to assume that value of the money will increa...

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Tax Refund: Can You Request It Sooner?

Whenever you are buying an investment property, you should never buy it for tax reasons alone because it really has to be about the fundamentals underlying that particular property that you're buying. But let's be honest, once you've done that, the tax concessions or the tax refund that you get from holding a property is a very strong reason why yo...

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