There's unlikely ever to be a law banning percentage-based financial advice fees, but if the Financial Planning Industry were serious about becoming a profession and being fair, it would head that way. In my view, one of the big rackets in the financial advice industry, hiding in plain sight, is percentage fees.
When I ask this question of my clients, it is generally not an amount of money or the material side of life that we finish up talking about.
It is the things they want to experience.
Retirement ought to be the time of your life. And for many retirees that holds true.
Some would say that they were happily retired, while others wouldn’t even admit to being retired at all! That’s the point – this next phase of your life will be about living the kind of life that YOU decide.
Having trouble following through on financial goals (or any goal for that matter)? Here are eight great questions that might just help.
It can be hard to know if you’re doing well with your money or not, so we’ve taken the guesswork out of it for you.
Follow the link below to take our quick quiz and work out if you’re doing all the right things with your money or need to pull your socks up, as well get some ideas about what you should be doing next.
You can access our quiz below
Investment mistakes cost you money – that’s why they must be avoided.
What I’ve discovered over the years is there are only two ways to gaining the experience necessary to know how to avoid investment mistakes.
Frankly, I'm no glutton for punishment. The easy way makes sense to me.
Avoid these mistakes, do better with your money and accelerate your journey to retirement happiness.
This is part three of our budgeting series, showing you step by step how to take control of your money and get on track for a stress free retirement. If you missed them, links to Part 1 and 2 are below.
Thanks Mike and Helen for allowing me to share how you saved more than $15,000 per annum, using our "9 Pro Tips". Mike and Helen are super determined to build some new habits now so they can remain living the good life well in to retirement.
They are showing us all how to get it done!!
OK, so now we have debunked some myths about budgeting, are you ready to take control of your money, so you can stress less about retirement, and live a better life too?
Here are 9 tips gleaned from 30 years of helping people with their money. Follow these, and you will be saving money like a pro in no time.
Unfortunately, the word budget gets a bad rap.
Some people reckon it makes them look cheap and takes all the fun out of life.
We reckon that could not be further from the truth!
Here are some budget myths we wish would go away:
Retirement should be about freedom. But too many Australians are retiring without freeing themselves from the biggest master of all – debt and the Banks they owe money to.