8 Personal Finance Milestones Everyone Should Achieve Before 30

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Are you ready for the dirty thirties? See if you’ve mastered the below.

 

1.Set up an emergency fund

Living week to week should be a thing of the past by the time you reach your thirties. We recommending trying to build up a 3 month emergency fund for emergencies to stop you resorting to credit or worse still, your parents to help with unforseen expenses. This can be hard but start small and build up. You will get there, and you will ...

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4 Fatal Mistakes People Make When Choosing A Financial Planning Company!

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1. Choosing a Financial Advisor that doesn’t invest in the investments they recommend to you

You are going to a Financial Planner to help take your life to the next level through your finances, why would you take advice off someone who doesn’t take their own? Whatever investment strategy you are looking at taking to build wealth make sure you ask your Financial Advisor if they do it too. If you are looking to invest in property or shares, look for ...

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10 ways to Spring clean your Finances!

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  1. Set your yearly financial goals

Just like New Years resolutions (Hopefully these you keep) you should annually make time to review the financial goals you have set for yourself, see how you are tracking with last years goals, and set new goals for the next year. This is about making yourself accountable and make sure you are always moving forward, life changes, so do your financial goals, which is why you should review these regularly.

  1. Review your budget

Hopefully you have some ...

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Depreciation! What is it and how does it help you…

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Depreciation is the property investors secret weapon. This can make a negatively geared property positive cash-flow. Giving you tax deductions without you needing to fork out money for that financial year.

When you buy an investment property one of the first jobs you should do once the property has settled is organise a quantity surveyor to come do a depreciation schedule for you. At a cost of about $600 this is a worthwhile investment. A depreciation schedule will outline the amount ...

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Rental Properties vs Shares

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Q: I bought a rental property that has increased in value considerably. The cash is great, but I’m wondering if I should sell high and invest in a different asset.

A: This is a situation where there really is no one-size-fits-all answer, says Sarah Rogers, a qualified property investment advisor, financial planner and mortgage broker.

To tackle this question, you’ll want to first get a handle on just how well this particular investment is performing relative to other assets.

Looking at the asset ...
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When to fix your interest rate? You can’t outsmart the banks

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A common question we get asked is; when to fix your interest rate?

Although the answer to this may vary for different peoples risk tolerance and attitude to debt, the message behind it is clear.

As a rule of thumb, if the fixed rate is higher than the variable rate, the banks think rates are going up. If the fixed rate is lower than the variable rate, the banks believe interest rates are coming down. The bottom line is, if you think ...

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The 6 Negatives of Property Investment

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Negatives of Property Investing

 

Property investment isn’t all risk free and rosy. There are potential downfalls to investing in property and any successful property investor needs to know and understand the negatives.

  1. Long-term Investment– Property isn’t a buy/sell short-term investment. To be a true property investor you need to be in this for the long haul. I always advise my clients to only consider property investment if they have at least a 10 year investment time period. This property is going to be ...
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The Sweet Spot of the Property Investment Cash Flow Cycle

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Cash Flow Cycle

 

When you buy a property you begin the first step of your property investment cycle. This diagram shows the different stages of cash flow.

the sweet spot

The costs for holding a property over time remain relatively stable despite occasional maintenance hiccups. The rent for a property in theory should be increasing year on year.

Stage 1 –The Hurt Locker

 

Most properties to begin with ...

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