According to news.com.au the debt Aussie households is mostly on mortgages. Which means that if the housing market wobbles, there is a serious problem. So what do you do? If the housing market starts to wobble and your house is worth less than your mortgage, you probably just sigh and keep on living there, right? But it’s different if it’s an investment property with an interest-only loan. In that case, you’re far more likely to realise your investment is a dud, and sell out. Which will also, thanks to the capital gains tax, get you a little tax saving. Read more
Sudden Wealth Syndrome is a problem that many of us long to have! It can affect lotto winners, those who inherit a substantial amount of cash or even those who sell a valued asset and find the money is burning a hole in their pocket. Sudden Wealth Syndrome is an affliction that was first coined by psychologist Stephen Goldbart to describe the stress, guilt, social isolation and confusion that often accompanies a giant windfall. Many would think that coming into a lot of money would make you feel fantastic, however for some people, they can find it very overwhelming. This unease may cause them to start spending their windfall at a rapid rate or they may start to grow suspicious of friends and
According to the ASX one of the best books parents can read with their children is ‘The Richest Man in Babylon’ by George S. Clason. It’s a parable about how to be successful and talks about using 10 per cent of your money to reduce debt, 10 per cent for savings and 10 per cent to give away. If everyone adopted a similar mindset, we would have far less people on a pension. Here are seven things Dale Gillham has written that will assist parents in getting children tuned into saving and investing: Work out their why. Unless they understand the benefit to them, they really won’t get involved. Offer general ideas about why it’s important to save and invest. Ask them questions about what’s import
With Queensland Small Business Week kicking off yesterday, we thought we would ask you 'What is your Small Businesses biggest problem?'. Is there anything Harvard Wealth can assist you in overcoming? If it is any help, Business Victoria has put together some great financial advice for top five small businesses problems. To view please click on the image below. Otherwise, please feel free to call us on (07) 4922 4548
Today's Small Business Owner has more questions than ever when it comes to their financial security. 'What investments are good for my family and my business', ‘Should I consider real estate as a good long-term strategy?’ ‘What about the stock market?’ ‘Is my super a part of my strategy?' ‘What other options do I have?’ The benefit of working with Harvard Wealth is that our financial planners can create a strategy to suit your business and your personal life for the best possible outcomes.
Next week is Queensland Small Business Week, so we thought this was the perfect time for Small Business Owners who are doing it tough in todays market place, to arm themselves with some tactics that can put their business back on the pathway to success. We are all playing in a tougher market place right now and as a Small Business Owner, you need to allocate time to look at your businesses future opportunities. It is the diversity of your businesses offerings that will help ...it to navigate through these tough times. Take the time to identify what your business is good at and what it is not good at. Also have a look at your target industries too! If your business has Clients from only one i
Do those words send shivers down your spine? Unfortunately, redundancies are becoming a common occurrence and we all know someone who has lost their job as a result of our current economic market. Something to keep in mind is that your job has been made redundant – not you! For more information on how to cope with a redundancy, please contact us.