Australians lost more money to scammers in 2017 than in any other year since the Australian Competition and Consumer Commission (ACCC) began reporting on scam activity. It’s a sad truth that there are still far too many people who lose their hard earned money to either dubious financial strategies, or financial scams and confidence tricksters.[…]
Even though most people are able to choose their super fund, the vast majority of employees have not exercised choice and have remained with their employers default fund, and have stayed with their current super funds default investment option. It is this second point which worries me. Choosing the right investment option within your super[…]
I met with George and Hannah today. They are in their late 50’s and looking to retire. George’s employer super fund is invested in the funds more aggressive Growth option. They were concerned that they may not have enough money to retire on comfortably, and at the same time concerned about continuing to take what[…]
Three decades ago I started talking to people about their financial plans and goals. Broadly speaking, when it comes to matters financial, there are two distinct groups of people – those who are comfortable with money, and achieve their financial goals, and those who always seem to struggle financially. I am not making a distinction[…]
In 1954, Yale University conducted a study on goal setting as a determinant of future performance. Members of the Yale graduating class were asked if they had identified their goals for future financial worth. Three percent of the students had written goals clearly identifying a dollar value, 11 percent had formulated goals in mind, while[…]
We live in a dry part of the Country where suffering gardens sometimes wait for months for a good soaking rain. Even through extended drought periods, is there ever really doubt that the rains would come again? Isn’t it always just a matter of yes it will rain again, but I don’t know when? Do[…]