Empower Blog Surplus Cash

Bryce and Ben: “The Money Men”

It's true. On Channel 7's Sunrise earlier this month, Bryce and Ben were dubbed "The Money Men" on National TV after shining the (much needed) light on how exactly regular Aussies can take charge — and, more importantly, stay in control — of their finances!! And it doesn't just come down to the obvious (and often forgotten!)... spend less t...

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Cash Flow Management | The Essential Element in Property Investment

When asked about their budgeting habits, most Australians would say that they manage their money excellently. Judging by today’s high debt rates and stress patterns, it would appear that some of those who think they are managing their money well are actually doing the opposite. Whether you’re in charge of your budget at home or are taking care...

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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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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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Another look at Predicting the Future

In a 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 key variables affecting the outcome of the strategy will change in the future.  For example, a strategy involving the use of borrowed money will need to include an as...

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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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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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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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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...

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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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$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...

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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...

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