There’s a common misconception that if you’re not rich then you’re simply not working hard enough. And that’s not completely true. Of course, most people who have made money have worked hard (no one becomes a millionaire by sitting on the couch watching TV all day) but you also need to refrain from financially damaging […]
2022 in Review
As the end of the year approaches yet again, you might be reflecting on how things have changed over the past 12 months. Many unexpected world events have happened lately, including a global pandemic, war in Ukraine, and inflation taking over. Well composed articles about the future can be entertaining, but little more. However educated […]
7 Must Haves of an Effective Estate Plan
Planning an estate isn’t always easy and for this reason many people don’t get around to doing it properly. Careful estate planning involves the process of structuring your personal and financial ‘stuff’ so that the right people get the right amount of ‘stuff’ at the right time. This includes ensuring prized personal possessions and financial […]
What is a Super Co-Contribution?
Super co-contributions are an initiative by the government to encourage low or middle-income earners to put money into their retirement savings. Basically it works like this: if you earn below a certain amount and you make a personal contribution to your super fund, the government will also make a co-contribution to your super fund. Yes, […]
The Difference Between Investing and Gambling
Most of us would know the difference between investing and gambling and if we had to mention a single commonality between the two, it would be that both contain an element of risk. But that’s where the similarities end. The recent headlines on the high-stakes action of GameStop, an American chain of video games stores, […]