Empower Blog Money Management Strategy

The Cost of Spending

One of the fundamental principles of Empower Wealth’s Money Planning philosophy is that you should get your money to work as hard as possible for you.  In our previous newsletter, we looked at one approach to get your money working for you, by using an Offset Account to reduce the amount of Interest that you have to pay on your Mortgage. This a...

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From Action to Measurement

In last month’s newsletter ( available from our website ), we outlined two key steps needed to take your Money Plan and put it into action - getting your existing money working as hard as possible for you, and taking control of your spending. These two steps can be achieved by implementing the Account Structures and cash flow strategies that form...

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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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Money Choices

In this month’s comment I’m putting my focus on discretionary and lifestyle spending decision with a goal of just making people contemplate a little harder before making such decisions or continuing with the money choices they currently make... Smoking: Based on research conducted by Galaxy for Pfizer in 2009, the average smoker spends $2,50...

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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...

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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...

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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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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...

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