How is Money Made from Investing? There are 3 main mechanisms that need to be understood if we want to understand how value and wealth is created through investing. They are: capital appreciation, income (dividends/distributions) and compounding. #1: Capital Appreciation If the price of a share/stock/asset rises (capital appreciation) – the value of that investment […]
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How to set Goals Setting goals is an important part of our lives because it gives us a sense of direction. It dictates where we want to be in life and keeps us accountable at the same time. It can also increase motivation to perform better and notes down what we truly want for ourselves.
Churning Private Health Insurance One surefire way for me to save about $500 a year takes me a total of about an hour every year to do. That’s $500 tax free dollars in my pocket, 500 cold hard bucks handed to me for doing jack all. Well.. nearly jack all. Remember, the loyalty tax applies
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What is more important than Personal Finance? Although this website is about personal finance, and that I pedal that understanding personal finance is one of the most important things in life – it is not everything. Mastering personal finance can be a key component to less stress, happier outcomes and ticking off future aspirations (see
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What are ETFs (Exchange Traded Funds)? What are they? An ETF or an Exchange-Traded Fund is an investment fund that holds a basket of assets. Meaning that by investing into an ETF, you are exposed to many investments all at once. Think of an ETF like a big box of toys – each toy inside
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Why Investing is Risky? Investing risk isn’t about losing money – it’s about uncertainty around outcomes. Chipping money into that savings account is very safe, you will wake up the next day or 2 years later and the money will still be there. Unless a meteor strikes the Earth or Australia is taken over
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Why is Investing Important? Budgeting and saving is all very important, saving more than you spend and having money for a rainy day is great. You can save up for nice holidays, or a new car, or even a house. However the silent killer is inflation – your buying power with that saved money buys
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Why Personal Finance Matters Personal finance does not have to be complicated, breaking it down into 3 simple steps can make it easy to mould into our lives: Don’t spend more than you earn Invest what you can Don’t spend money on things that don’t benefit you But why is this important? One of
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Psychology of Saving & Mindset Starting to think about money seriously can happen at any age, it’s never guaranteed if you start early you will reach your goals. However the earlier you start, the more time there is for your actions to compound fruitfully. When I write about savings and personal finance it can seem
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Medicare Levy and Medicare Levy Surcharge (MLS) What is the Medicare Levy? The Medicare Levy is a payment you make to the government every year at tax time. This money is used by the government to fund the public health system – public hospitals, urgent care clinics etc This payment is generally approximately 2% of your
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