Empower Blog Income

MyWealth Portal Tutorials : Money FIT

In this tutorial I'm going to be talking to you about Money FIT, which is effectively a question that I'm asking you…. Are you Money FIT? 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 peers. (Note: Click here to log in to MyWealth Portal) Money FIT is ...

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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 fam...

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MyWealth Portal Tutorials : Expenses & Borrowings

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 Daniel and Rebecca, the example clients that we've been using to date. You...

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MyWealth Portal Tutorials : Income & Assets

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 and we move across here. (Note: Click here to log in to MyWealth Port...

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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 instructions. So...

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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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What are the four elements in the development of an investment plan?

>> Play Audio here This time on Real Estate Talk, Ben Kingsley will be putting on his PIPA and QPIA hat and discuss about the four elements in the development of an investment plan. The first one is income. If you know what you are getting, you know how much you can spend. Unfortunately, not a lot of people are aware of the exact amount ...

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Is Property in Australia Affordable?

There's a lot of hype around the Australian Property Market and whether or not we are in a price bubble. Now the reality is, when we see low interest rates, what it means is it increases our ability to afford property. We got to understand the psychology behind buying property in Australia, just as in buying properties in most countries where we se...

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How much Money can you borrow?

So how much money can I borrow? It's a question we all ask ourselves from time to time and it's a good question to ask and from a Lender's point of view it's a question around serviceability. So when they're talking about serviceability they're actually saying that here's the household income coming in, here's the expenditure that we've got associa...

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The Four Personal Elements in Building A Property Portfolio

As a property investment advisor, I spend my days designing property investment plans from the next investment purchase to a portfolio of properties. What I wanted to share with you today is part of that process that I go through. So when I’m sitting in front of clients, I want to talk to them about the four moving elements that make up the pers...

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One more look at predicting the Future

In the previous article, we discussed one of the key factors in developing a long-term wealth building strategy  -  the need to “predict”, or at least make assumptions about, how household cashflows will change over time.  Before starting any investment with a goal of building wealth, it is critical to have a clear picture of the anticipated...

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Income Level isn’t a Death Knell to a Prosperous Retirement

I love my job; I go to work every day in the knowledge that my team and I are making a positive difference to our client’s financial situation every day. For those new to my commentary, I talk about our business not being in the financial services and property industry, but rather I think we are in the ‘Lifestyle’ business. Let me expand o...

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Property Values – Where to from Here?

Avid readers of my commentary will know that I am a buy and hold investor, opting for long term passive income and capital growth. It’s this methodology that suits most of the strategies we design for our clients at Empower Wealth. Furthermore our investment analysis has over-weighting towards incomes as a core growth driver for property value...

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