Stealing from mum

Having worked with Thomas from iLink Wealth for some time now, building communication with clients and policy holders, I am aware of the advice Thomas routinely shares with his clients about estate planning and wealth protection. The process with my father gave me the opportunity to see firsthand how some of these mechanisms work to […]

So I can sell Dad’s house?

Recently, though a series of events, have become active in my role as Enduring Power of Attorney of my dad’s financial and legal affairs. Whilst the circumstances around this situation have been personally stressful, dad has been very happy it is me stepping in and paving the way for my father’s financial and legal status […]

Being Dad’s Guardian…

My elderly father had an incident recently. He set fire to his house, after trying to cook soup on the stove. The incident, or at least the underlying causes of the fire, left him confused and agitated. It’s up to me now to make sound decisions regarding his lifestyle or medical treatment. By the time […]

What happened after dad had a fire in his house?

My elderly father, in his late 70’s, lived alone. We had drifted apart over the years. I feel somewhat guilty now, but I was blissfully unaware of the drama unfolding in dad’s life. Dad shared his house with a small and a not-so-friendly dog. All this ended one day when he went to cook some […]

Extra Income: Should I rent out my RV or Caravan?

If you own a RV or Caravan, chances are you probably only use it a few times a year. For most of the time your mobile holiday home will sit in the garage or out the front of your house. It is no surprise then, in the age of the shared economy, several caravan & […]

Postgraduate Study – is it worth the investment?

First Published July 2017 It may surprise you, but short to medium financial goal setting to help you reach these objectives is all part of what we do. One thing that occasionally pops up during our reviews with people in their 30’s and 40’s is post graduate study. Unless you have an employer paying for […]

Is the ATO stalking you on facebook?

First Published July 2017 Yes this is possible. Centrelink could be doing it as well. Over the next 4 months, a lot of discussions in our office will have a tax component to it. It is worth the time to talk about tax, especially now the ATO and Centrelink have a couple of new tools […]

Young Australians looking 10 years older than they should

I recently received sad news, that a distant Aunt of mine is dying of a brain tumour which has been caused by skin cancer. It prompted me to do some reading around sun exposure and skin cancer, and I came across a curious article written in the Sydney Morning Herald last April, that claimed young […]

What you don’t know about sunscreen could kill you.

Recently my Aunt was been diagnosed with melanoma, which has since metastasized and become terminal. She is now rushing around finalising her affairs before the associated tumours that are now growing in her brain render her incapacitated and finally kill her. I only spent time with my Aunt when I was young. A lot has […]

Extra income in retirement – Reverse Mortgages

For more information and source documents, please refer to the links & resources section at the end of this article. A reverse mortgage is a financial product which allows you to borrow against the equity of your home, and not pay the loan, fees or interest until you die or sell your you home. Reverse […]

11 Financial planning issues young people overlook

What are you new year resolutions? Is tidying up your finances on your agenda, before you head off on your next big venture? If it is, take a quick look over the our top 11 or so areas we find younger people tend to miss when it comes to financial planning. Remember if you need […]

Jobs of the future

It appears we may be on the cusp of a new industrial revolution, where advances in technology push the labour market into directions that we had not previously imagined. There is a lot of doom and gloom out there when reading about technology and its current impact on labour demand. Predictions such as “Robots threaten […]

Did you get scammed this Christmas?

The source articles for this story are listed at the bottom of the document. Please go to Links & Resources section, on this page for more information. It is fascinating in a way. The internet has taken many of us away from the physical market place, store and shopping centre, but the threat of pickpockets […]

Financial planning mistakes young people make

You probably caught up with your children over Christmas and New Year. If you have adult children, chances are you talked about careers, and plans for the future. Keep an eye out for the top 11 financial planning mistakes we find people under the age of 35 usually make. You may actually be able to […]

Why do we keep sending you emails?

We surveyed a group of people who receive our emails over the last couple of months. We also surveyed a group of people who have opted out or our emails as well. What we found was humbling and surprising. For the people who we spoke to, thank you. Your feedback was helpful and encouraging. What […]

Dental benefits available for pensioners

Summary Some carers and pensioners may not know that they can get support for the costs of dental care from State Government initiatives. Below we examine some of the benefits available from the NSW State Government Oral Health Services initiative. If you do not live in NSW, we have found that most other states offer […]

Dental benefits available for children

Summary Some people may not know that they can get some support for the costs of child dental care from State and Federal Government initiatives. Below we examine some of the benefits available from the Federal Government Child Dental Benefits Schedule, and the NSW State Government Oral Health Services initiative. If you do not live […]

Bitcoin: Is it safe?

  Summary Bitcoin and crypto-currencies have been in the media recently due to the rocketing value of bitcoin, along with the rise of alternate crypto currency systems generally. Just in case you were interested in what all the fuss was about, we put together a short definition of what bitcoin is and outlined what the […]

Losing all your money – Binary option scams

  Summary Binary options or binary trading or “all or nothing” options have been in the press a little lately. We thought you may be curious on what they are or have been tempted to try them, so we did a bit of digging into what binary options are and what is some of the […]

If interest rates are about to go up, should I “fix” my mortgage?

Summary Interest rates in Australia have been low for some time. If you listen to the media, you will regularly hear speculation on when interest rates will rise and increased bank loan repayments start to hurt those who have taken out a mortgage. One of the common questions we get asked is “Should I have […]

Should my kids consolidate their debts?

Summary If you have adult children struggling with debt, you may suggest to them to get some help on debt consolidation to overcome the problem. Debt consolidation is one strategy people use when they are struggling with a multitude of debts and want to lower their overall cost of debt and gain some type of […]

If I consolidate my debts will I be better off?

Summary Debt consolidation is one strategy people use when they are struggling with a multitude of debts and want to lower their overall cost of debt and gain some type of control over their finances. Debt consolidation is where you roll all your debts into one big debt. Generally, the aim is to reduce the […]

Federal Budget initiatives for 1st home buyers – 2017

Summary The Federal Government announced proposals in the 2017/18 budget to help make buying your first home more affordable. These proposals included direct and indirect strategies. One direct measure includes a proposal to let you use your Superannuation account to save money – up to $30,000 per eligible person. Indirect measures include proposals to influence […]

Passive Design and lowering Household Energy Costs

Summary Heating and cooling costs represent a large component of your energy bill. Passive Design principles reduce the ongoing living cost of a building. Learning about Passive Design principles prior to renovating, extending or building your home will help you develop strategies to reduce living costs.   Heating or cooling your home can consume a […]

Commercial vs Residential property investments

Summary If you are interested in property investments, the lower entry costs in commercial property relative to residential property can be attractive. There are important differences between residential and commercial property investments. It is important you are aware of these differences. Some differences include  longer lease agreements. more unstable property prices and different lending requirements. We […]

Tips on Government rebates & reducing your energy bill

Summary Prices in electricity and gas continue to rise.  Heating and cooling can contribute to a large portion of your energy bills.  There are things you can do to help reduce your energy use.  You can reduce costs further by checking you are on the best deal.  Some people can get government assistance or discounts […]

How do I ask for a pay rise?

Summary Average yearly pay rises are at historical lows for Australians. A large portion of companies budget for yearly wage rises. It is argued that if you do not ask for a pay rise you will not receive one. It can be very uncomfortable asking for a pay rise. There is a process you can […]

2017 Federal Budget initiatives for older Australians

Summary There is a proposal in the 2017 – 18 Federal Budget to allow older Australians to save up to $300,000 per person, in their Super Fund when they downsize their home.  This allowance is in addition to other allowances and limits in place regarding superannuation savings.  This initiative is planned to come into effect […]

Tax scams at tax time

Summary Fraudsters are trying to trick people into paying fake ATO fines and tax debts. Scammers operate this scam throughout the year, but the scam has more validity to it before and after the end of the financial year. The ATO set out some guidelines to identify the scam. Let friends and family know of the […]

The True Cost of Pet Ownership

The cost of pet ownership can be as high as $25,000 over the lifetime for a dog. The RSPCA puts the figure at $18,720 over 20 years for cats, $15,240 for dogs over 15 years. There are strategies you can use to reduce the cost of pet ownership. We look at tips the ASIC Money Smart […]