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Posted in Building Wealth

Superannuation changes

Posted by Chris Collard on 2 August 2016
Superannuation changes
Preparing for retirement? We ask superannuation expert Ben Hall for his top 5 proposed super updates that will affect you. Now that the election is finally behind us, and the Liberal party has edged into government with a narrow majority, it's time to decipher what the federal budget really means for pre-retirees. After all, the proposed superannuation changes are wide ranging and generally aimed at helping lower income earners, while cutting back some of the more generous conc...
Posted in:RetirementBuilding Wealth  

5 questions to ask yourself before setting up a SMSF

Posted by Mark Attard on 2 August 2016
5 questions to ask yourself before setting up a SMSF
Find out if controlling your own superannuation investments is right for you. First things first, what is a self-managed super fund (SMSF)? Put simply, it's a superannuation fund that gives you control over making all of the investment decisions. That may mean more financial freedom, however it also makes you responsible for complying with the super and tax laws. So, you must know your stuff! The Australian Taxation Office outlines: "An SMSF must be run for the sole pu...
Posted in:RetirementBuilding Wealth  

Australia's 3 best finance apps and online tools

Posted by Chris Collard on 29 July 2016
Australia's 3 best finance apps and online tools
Looking for an easy way to help get your personal finance in order? If you're like most people, your paper trail is probably decreasing by the day. No doubt, you already receive your bills and bank statements online, and now there are even apps and web-based tools to manage important documents such as your will, business contracts, insurance, receipts and invoices. While personal finance apps used to focus on budgeting alone, many tools now go much further. Not only can you store all of...
Posted in:Smart Money ManagementBuilding Wealth  

What age can I retire?

Posted by Chris Collard on 13 July 2016
What age can I retire?
5 ways to know if you're at retirement age. What age can I retire? We are often asked this question at FinancePath. And, the answer is simple you can retire at any age you like. The real question is: are you ready to retire? But before we delve into what financial considerations you must make when preparing for retirement, you should first ensure you're mentally prepared to give up work. After all, it's no secret that our purpose in life is often entwined with our occup...
Posted in:RetirementBuilding WealthReducing Debt  

Self employed vs business owner

Posted by Mark Attard on 13 July 2016
Self employed vs business owner
Why you should know the difference before seeking self employment opportunities. I remember when I started working for myself at age 24. It felt good to say I had my own business. But in reality, back then, I was really self employed. In fact, I was a contractor with one source of income and the added burden of extra paperwork when it came to paying my tax! Nevertheless, being self employed was the first step towards achieving my dream of becoming a business owner of a mortgage...
Posted in:Small BusinessesSmart Money ManagementBuilding WealthStarting a Business