Month: December 2024
Could being the bank of Mum and Dad ruin your retirement plans
A cautionary tale. Pete and Sue were thrilled when their son Josh announced that he and his partner Jenna had found their dream home. They were all so caught up in the excitement that when Josh asked if they could help them with a deposit they readily agreed. Josh and Jenna needed $98,000, and having … Read more
Why a high income doesn’t guarantee you’ll retire early
Achieving a high income is a significant accomplishment. You’ve put in the hard yards, climbed the ladder, and now you’re pulling in the big bucks! But don’t be mistaken; a high income does not automatically equate to financial security. Just because the money is rolling in today doesn’t mean you’re protected from tomorrow’s uncertainties. Assuming … Read more
More Money, Please – How to ask for that pay rise
Do you feel like you’re putting in your best effort at work but not receiving the financial rewards you deserve? Asking for a pay rise can be intimidating, but with the right approach, you can make a compelling case for your value to the company. Here’s your guide to articulating your worth, asking for a … Read more
The ‘magic’ of compounding for investment success
Forget about location, location, location being the key to a good investment outcome. The key ingredient is time, time, time, which delivers the ‘magic’ of compounding. Over time, a regular savings plan can turn small amounts of money into a larger sum that brings you closer to achieving your goals, faster. For example, let’s see … Read more