All Blog Posts (244)

Living in a former “meth lab” – no way!

Living in a former “meth lab” – no way!  Kirsten Craze’s article in the Telegraph states “former meth labs are being sold and rented to families across the state with no legal requirement for real estate agents to disclose the property was once used to produce illegal drugs.” As for cleaning up such a property to make it safe to live in, household cleaners are not up to the job and it can take professionals up to three months to complete a successful clean-up. I…

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Added by Anthony Sider on June 19, 2013 at 10:46 — No Comments

29,000 new Aussie millionaires

They say “money can’t buy you happiness” but congratulations to the 29,000 new Aussie millionaires. According to the latest global wealth report the number of millionaires grew from 149,000 to 178,000. In a nut shell the main reason behind the rise in the number of new Aussie millionaires is probably due to stronger property and share market prices. For those that have not made the millionaires list it’s worth remembering that it’s not how much you earn but how much…

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Added by Anthony Sider on June 17, 2013 at 20:28 — No Comments

Property investors - the tax man is coming

Be afraid very afraid because the tax man is coming - two thirds of Aussie property investors with rental income reported a loss on investment, according to the 2010/2011 ATO statistics. It’s no surprise to many of us that…
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Added by Anthony Sider on June 14, 2013 at 16:30 — No Comments

Dollar saved is a dollar earned - sooner kids understand this the better

Something very weird about young sports fans seeking the autograph of a bookmaker spruiking of gambling at sports fixtures. Gemma Jones of the Daily Telegraph recently wrote about “gambling advertising on player uniforms and merchandise available to children could be left believing gambling…

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Added by Anthony Sider on June 13, 2013 at 17:00 — No Comments

Non-banks are more caring and sharing

Put another shrimp on the barbie – as far as the banks are concerned it’s more like the little Aussie battlers gets the raw prawn. According to a new survey by RateCity “Aussie banks are giving their rich customers a…
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Added by Anthony Sider on June 12, 2013 at 17:30 — No Comments

Interest-free loans

Free money from the banks, no way! - over the medium to long term it’s probably better to invest in bank shares than bank investment offerings because a bank account only pays interest whereas Aussie bank shares…
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Added by Anthony Sider on June 10, 2013 at 11:00 — No Comments

A penny saved is a penny earned

I believe it was Benjamin Franklin who said “a penny saved is a penny earned” but as we all know a penny earned would attract tax – consequently it’s a no brainer to try and save than earn an extra dollar. I’m off to have a quick look at ways of reducing existing household and general expenses…

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Added by Anthony Sider on June 8, 2013 at 19:30 — No Comments

Credit cards must be paid out monthly

Don’t mean to sound dramatic but my heart went out to a chap yesterday because he had to get a credit card cash advance to pay a late payment on a second credit card. He has always made minimum credit card repayments so…
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Added by Anthony Sider on June 6, 2013 at 17:30 — No Comments

Free money from the banks

Free money from the banks, no way - over the medium to long term it’s probably better to invest in bank shares than bank investment offerings because a bank account only pays interest whereas Aussie bank shares pays…
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Added by Anthony Sider on June 5, 2013 at 19:30 — No Comments

Australian mortgage arrears are low by international standards

Oh dear, not happy Jan - New figures from Moody's credit rating agency show a greater number of Australians are missing home loan repayments. This caught my eye because its despite the May interest rate cut and last…
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Added by Anthony Sider on June 4, 2013 at 19:00 — No Comments

Charity begins at home

I think most people believe "charity begins at home" but evidently every Australian is so well off that it was recently reported in the Daily Telegraph that our country has "turned itself into a global leader of foreign aid." This is something Australia can be proud of as long as we look…

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Added by Anthony Sider on June 3, 2013 at 20:30 — No Comments

Many people outlive their savings

More & more research shows we can extend our lives through changing our lifestyle. Australians are already living longer than ever before, but many people can't afford to live longer because they will outlive their savings. I know this isn't news to most people, but its worth…

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Added by Anthony Sider on May 31, 2013 at 20:30 — No Comments

Living within your means

Just read some recent research that confirms what we already know and thats "cyclists who dont wear a helmet are almost six times more likely to suffer a severe head injusry than those who do." If you think those statistics are bad, 100% of people who dont live within their financial…

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Added by Anthony Sider on May 30, 2013 at 16:00 — No Comments

Basic steps for financial independence

The following are the four basic rules for achieving financial freedom:

1. Spend less than you earn. If you’re spending more than you earn, you will never become financially independent. You will be paying money to others for the rest of your life. The earlier you start living by this…

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Added by Anthony Sider on May 29, 2013 at 9:30 — No Comments

Looks like i'll be working till I drop

Looks like i'll be working till I drop - A study out of the U.K. suggests that while it may provide an initial sense of relief and well-being, over the long-term, retirement is bad for your health, increasing the likelihood of developing depression and at least one physical illness.…

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Added by Anthony Sider on May 28, 2013 at 17:30 — No Comments

Difference between the wealthy and the not so wealthy

I could forgive anyone for thinking that a major difference between the wealthy and the not so wealthy is that the wealthy live within their financial means and have savings to invest. While the non-wealthy people struggle to meet their numerous loan repayments the wealthy benefit from the…

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Added by Anthony Sider on May 27, 2013 at 19:30 — No Comments

Teenagers & gambling style video games

This cant be good - new research has revealed that one in four teenagers has played a gambling style video game, leading to warnings game play could translate into gambling with real money. The research also found that young people who engaged in the non-financial gambling online were…

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Added by Anthony Sider on May 24, 2013 at 15:00 — No Comments

Superannuation - extra contributions

Did you know that although two thirds of people think superannuation is a good place to invest only one third make extra contributions to their fund. There appears to be a disconnect between how much money people think they will need in retirment and the action required to make it happen. I…

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Added by Anthony Sider on May 23, 2013 at 15:30 — No Comments

Money and divorce top the list of concerns for most people

It will be no surprise to most that money and divorce top the list of concerns for most people. A survey conducted by CBA found 31% of households did not have sufficent savings to cover a major event such as job loss or divorce. Many people appear to leave their financial security to chance…

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Added by Anthony Sider on May 21, 2013 at 17:30 — No Comments

Difference between life & health insurance

It’s important to have a basic understanding about the difference between life & health insurance – the first gives your beneficiary the face value of the policy as a lump sum and the second helps pay or partially pay…
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Added by Anthony Sider on May 20, 2013 at 9:30 — No Comments

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