Money Management Articles & Tips

10/07/2011
Investment Education

A Great Time to Start is NOW

As we begin the new Financial Year, most people can expect to receive some key information regarding their financial situation - employees will be receiving their PAYG Payment Summaries (Group Certificates) for the year and most people will also be receiving statements from their Superannuation Fund(s) which will give an insight into the wealth bas...

10/06/2011
Investment Education

How do you Get Started?

In the previous Newsletter, we looked at the first step in Money Planning - knowing where you are now - and outlined the sort of information that you would need to collect to be able to prepare a picture of your current financial position. But that’s only the beginning - your financial position will be constantly changing over time, and ...

10/05/2011
Investment Education

Where to Get Started?

As we have highlighted in recent newsletters, Money Planning is a critical factor in achieving your goals and dreams, and the earlier you get started, the better the outcome is likely to be. So, where to begin? Like any other form of planning you may do in life, Money Planning involves the three basic steps of knowing where you are now, knowing w...

10/04/2011
Investment Education

When should you start investing?

One of the decisions that will typically flow from undertaking Money Planning is a decision to get your money and your equity working for you, generally through some form of investment. One of the most important factors in the returns to be achieved from investing is time. No matter what investment you choose, the longer you can hold it, the mo...

17/03/2011
Money Management

$350 Surplus Cash per week could equate to Millions

This month we focus on how you can use surplus cash of $350 per week to potentially control an investment property worth $450,000. It’s all in the numbers….let’s take a look. Surplus Household cash $350 per week after expenses, commitments etc. Purchase Price $450,000 Estimated Purchase Costs $22,500 (5%) includes stamp duty, set up c...

17/02/2011
Money Management

Predictability Investing — My Essential Ingredient

So you have some surplus income coming into your household and you don’t know what the best use of this money is? You’ve got choices: Spend it Save it Put it on the Mortgage Payoff debts Use it to borrow more to Acquire another appreciating Asset (Gear or Leverage it). The article is going to focus on the last point, but what...

17/02/2011
Money Management

Why is Money Planning Important?

Imagine for a moment that you have decided that you want a new Home. However, to this point you haven’t thought about what you want the home to look like, how many bedrooms, living areas, or outdoor spaces it should have, how much it might cost, or how you are going to pay for it. How likely do you think it is that you will get what you want whe...

10/12/2010
Money Management

What is Money Planning? (MONEY)

Over the past few months, you may have noticed the phrase “Money Planning” appearing in communications from Empower Wealth and wondered what it means. Not to be confused with Financial Planning, we have invented the term Money Planning to describe a new range of services designed to assist our clients to get the most from their money. So, wh...

09/07/2010
Money Management

PAYG Withholding Variation Option

In simplistic terms this means the ATO is happy to help you from a cash flow point of view in meeting your money needs throughout the course of the new financial year. Michael Pope—Empower Wealth’s Money & Wealth Planner thinks it’s a real positive for investors. “Most people opt to get a nice little bonus come tax return time, bu...

08/07/2010
Investment Education

The Tangible and the Intangible Measure of Money

This month marks the month that we first launched our Private Client Wealth Division to a pilot group of existing customers. Since that date over 80 clients have attended our private dinner function to showcase these new professional services. So what is our Private Client Wealth Advisory Service? Well, it’s a complete cash flow and wealth crea...

10/12/2009
Investment Education

US Economy heading into the festive season and 2010

US consumer sentiment unexpectedly fell in November while the trade deficit widened by more than forecast in September, which appears to be in line with the Federal Reserve's view of a fragile economic recovery. Chicago Fed President Charles Evans said US monetary policy will remain "highly accommodative" for quite some time, and possibly beyo...

19/10/2009
Money Management

Cash Flow You Didn’t Know You Had…..

The management of cash flow and the provisioning for future cash flow is critical in helping to build a long term wealth base. There is no benefit in buying real estate and not being able to hold onto it for a traditional full value cycle, because the entry, holding and exit fees are usually high, so you are reliant on the value to compound signifi...