Empower Blog Household Budget

If You Can Measure It, You Can Manage It

You have heard me talk about treating your household as a business.  Those of you who are new to our newsletter, let me revisit this point. Your household, which could be you, you and your partner etc, generates income for the work you and potentially other members of your household do, just like a business generates income.  In fact if a hous...

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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 ...

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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 w...

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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...

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Timing Your Purchase?

A lot of commentary, opinion and theories go into the ‘melting pot’ when it comes to the ‘TIMING’ of purchasing any investment asset and this is no different when it comes timing the purchase of a Residential Property, whether for owner occupier or investment.  There are those that will put a call out there ‘Now’s the time’ and those...

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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...

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