Are you spending more than you’re earning? A financial planner can help

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Keeping on top of your finances and managing your money can be very hard work. In fact, people all over Australia have a great deal of trouble when it comes to looking after their funds: even the simplest tasks – such as effective budgeting – can seem imposing and daunting. This is especially the case if you take into account the frequency of people who unfortunately end up spending more money than they are able to actually earn.

Though it might ...

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Approaching Retirement? A Financial Planner Can Help set you Up for the Future

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Approaching retirement can be a daunting time for a whole host of people from all walks of life. No matter what you did or where you came from, this time of planning ahead and looking to the future can be a particularly stressful one in anyone’s life.

In Australia, there is no set retirement age, however, there are established ages an individual can access their superannuation or apply for Government Age Pensions. At the age of 55 years, most of the ...

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The rich get richer -But why?

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Why do the rich get richer? You can get grumpy about this fact, or you can learn to understand it and join them.

Now if you follow the Profolio way you will be investing at least 10% of your income at any time. If you are not, you need to go back and complete our 4 part budget program to nail the basics.

Lets look at 8 reasons the rich get richer, and ways you too can join the ranks of the ...

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Debt Recycling- How investment properties pay debt off faster, whilst also building wealth.

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It’s the great Australian dream’ to own a home, but really it should be ‘the great Australian dream to own a home and have no mortgage’. Whatever stage of life you are at or whatever your unique situation is, if you have a mortgage the number one goal is to pay that mortgage off.  

A simple strategy called debt recycling could help you pay ...

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2016-17 Federal Budget- And what it means for you?

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What an exciting night we had last night watching the Federal Budget over a glass of red.

There was a few winners and losers out of last nights budget, but all in all, we thought it was a pretty good budget.

 

Superannuation changes

LIFETIME CAP FOR NON-CONCESSIONAL SUPERANNUATION CONTRIBUTIONS

One of the biggest losers that will effect our clients is the changes to contributions caps, meaning the amount you can contribute to super with after tax money. Individuals were able to contribute $180,000 or $540,000 ...

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The Benefits of Having a Financial Planner

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When it comes to lifelong goals, there are as many ways of achieving them as there are people vying for them – and it’s only natural that different people have different, unique goals for their own lives. However, whatever goals you have set out for yourself – either as as a single individual, as one half of a couple, or as part of a family – expert advice from Profolio’s qualified financial planner can turn those dreams into a reality. ...

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Is 2016 the right year to sell your investment property OR What are the signs that you are ready to sell your property?

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What a crazy year the property market saw in 2015, while some areas such as Sydney, and Melbourne were seeing crazy growth, others were plotting along and mining areas were crashing now the mining boom has fizzled. Plus the government enforced new lending policy which saw a majority of investors loan repayments go up by almost .3%! I can see why some investors might be considering pulling out of the market. So what does 2016 have in store? Of course ...
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Which mistakes should first-home buyers avoid in 2016?

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I like to share with my readers questions that get asked. I was asked this recently by a journalist, and I figured my readers might want to hear the answer too.
This question is easy- I see clients ALL the time that have bought themselves a shiny new home for their first house, which is great, because of course they get the First Home Buyers Grant to help with the deposit and they got everything they ever wanted. However, then reality sets in. ...
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5 Ways to Start Saving Money Now

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For any person entering the investment arena, the hardest thing is getting started. Saving that first amount to get your foot in the door. Whether you are interested in share or property investment you have to have your budget in order first. The number one thing I hear from client’s is that they just don’t have any spare money after paying all the bills, while in some cases this may be true, in most you can find savings somewhere. However, ...

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