Budget 2014 – My Take

For the first time that I can remember, the Australian Government has delivered a budget which pretty closely matched what they were saying in the lead up. This is a tough budget as budgets in the first year of a government’s term tend to be, and particularly in an environment where the government budget is…

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Bad Advice is still Bad Advice even if there is a short term positive outcome

In a recent post, I got fairly fired up about a 4 Corners episode which had explored the shortcomings of Commonwealth Financial planning and in particular one of its advisers. There had been little debate over the episode in any of the forums which I visit regularly, so I thought maybe I was out of…

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Four Corners – A Question of Emphasis and Timing!

The recent Four Corners episode on Commonwealth Financial Planning prompted me to write this short piece. I even got sufficiently agitated to make this video

Why Fear Advice PART 2

This is Part 2 of a 2 Part Series. Read Part 1 here. In this second article I explore a few more “fear factors”. 4. Fear of our own shortcomings One of the things about money, and personal finances in general, is that everyone has to deal with it, so we should all be experts right?…

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Why Fear Advice PART 1

This is Part 1 of a 2 Part Series. Read Part 2 here. I have been wondering for some time why so many people seem to fear obtaining financial advice. In Australia less than 20 per cent of people have a financial adviser at all, and substantially less than 10 per cent regularly engage with…

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Have 2 Plans

Many business people will at some time have committed to producing a formal business plan. Some of them will also have a personal financial plan. I advocate that EVERY business person needs 2 plans to adequately cover all of the eventualities they will face.

Work Out Who Your Ideal Customers Are

Its really easy in business to lose sight of this important principle. We can fall into the trap of the “fog test” i.e. if the person has the potential to fog a mirror, then they should be a customer. Of course not all of our existing clients or customers are ideal, and I am not…

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Top 5 Year End Tips For Business

At this time of year, with the end of financial year just around the corner, we’re often asked by clients what they can do to minimise tax. There are number of key principles to bear in mind when trying to arrange your affairs as tax effectively as possible, and these don’t just apply at year…

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I didn’t want to get out of bed this morning, my “Why” got me up.

When the alarm rang at 5:15, I hit “snooze”, which is really unlike me. The attached picture shows the reason for my reluctance. Normally, it’s alarm, out of bed, treadmill for half an hour, two cups of coffee and a bowl of cereal and off to work. Today, it was a little chilly and I…

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