MyNextAdvice in Sydney, Australia | Financial service

MyNextAdvice

Locality: Sydney, Australia

Phone: +61 1300 368 460

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• Financial service
• Financial planner
• Financial consultant

25.01.2022 When Warren talks - you listen! Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time. He runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. He has committed to giving more than 99% of his fortune to charity. So far he has given nearly $32 billion.

25.01.2022 Vacation or staycation? A staycation is defined as "a holiday spent in ones home country rather than abroad, or one spent at home and involving day trips to local attractions." Its appealing because it minimises travel time and maximises the budget. Start with a simple Google search. Often just typing the name of your state or city in the search bar can bring up hundreds of things to do. Food, arts and crafts markets as well as film, food, history, music and art festivals a...re held during the year in every city, with some cities offering summer outdoor film screenings and night markets. As they say, a change is as good as a holiday so look at what you can do nearby.

25.01.2022 Some interesting data on the use of financial advice professionals from Roy Morgan. Baby Boomers account for 39.9% of the total wealth customers who purchased from a professional advisor, with Generation X second at 27.5%. This includes superannuation. Would you seek professional advice before purchasing a wealth management product?... https://zurl.co/0YRVB

25.01.2022 Salary increases are rare these days, but if youre fortunate enough to have your achievements recognised from a fiscal perspective then you should take a few moments to consider what to do next. https://zurl.co/VZl8R

24.01.2022 All you need to do is take the first step: www.mynextadvice.com.au

23.01.2022 This is actually quite brilliant and a fun way to save some money. What we love is that it gives you the flexibility to choose what you save, when. Do it individually or as a group and discuss strategies throughout the week.

23.01.2022 In a bid to provide Australian women with additional financial support, MLC Advice will offer complimentary general advice sessions to 500 women across Australia who are interested in speaking about their finances with an MLC adviser until the end of January. While were not sure whether this offer is too good to be true, its worth pursuing if youre a woman because the statistics arent pretty. > Only 57% of women feel in control of their financial situation > Only 47% of s...ingle women report feeling in control of their money > 66% are not participating in voluntary super contributions Women who are interested in this opportunity can register at www.mlcadvice.com.au/centre.

23.01.2022 If youre a parent then youll know that distracting the kids - for some quiet time of your own - is fairly common. In this digital age, the go-to distraction tends to be electronic, either with a smartphone or tablet. Expensive gadgets now come with virtually indestructible covers, making the choice to hand them over for some peace of mind even more tempting. We came across this article recently and its highlighted the risk of leaving your kids unsupervised, particularly if they are partial to YouTube. Food for thought. https://medium.com//something-is-wrong-on-the-internet-c39

22.01.2022 NYE is just over a month away and with it will come the inevitable thoughts of what 2018 will bring - and what youd like it to bring. This is a great article on financial resolutions. Simone has just discovered that her bank (ING) already allows her to do Step 7, and move it into another account. https://zurl.co/Okr70

21.01.2022 This is a really good read regarding the argument for universal basic income: freeing low income earners to focus on relationships, self-esteem, and accomplishment rather than basic survival and safety. Could it work in Australia? Who funds it? https://zurl.co/OZO3D

21.01.2022 Divorce sucks - plain and simple. Even if its amicable - the number of joint divorce applications sits at 43% - its still stressful and fraught with decisions that can play on emotions. If this is on the cards for your - or your friends or family - then this blog is worth reading just to get your head around the process (and the questions you should be asking). https://www.mynextadvice.com.au//financial-advice-divorce/

19.01.2022 Some helpful goals you can quickly achieve (c/o Care Super): 1) Consolidate your super. Combining your super accounts can be a great way to boost your balance, plus you can save money if you stop paying separate fees for multiple accounts. 2) Review your insurance. Take a moment to review your insurance to make sure that youve got the right cover for your current situation.... 3) Boost your future income. When it comes to boosting your super balance, a little extra now can go a long way in the future.

19.01.2022 When The Bedroom Becomes The Sanctuary. As kids get older, they will seek to spend more time on their own, which generally means in their bedroom. If its time to do away with the pastels and teddy bears, this blog post is for you. https://zurl.co/1jy2r

17.01.2022 Check Your Statements. An ASIC investigation into the advice practices of Australias biggest banks and financial institutions found that over 330,000 customers may have paid for ongoing financial advice that they didnt receive. If you are paying ongoing advice fees you must be provided with an annual fee disclosure statement detailing:... > the amount of fees you paid > the services you received > the services you were entitled to receive If you are currently paying an ongoing advice fee but havent received an annual review, contact your adviser or advice licensee. They should offer to provide you with a review or refund the fees you have paid.

15.01.2022 If one of your goals for 2018 was to save money, heres three suggestions for what you could do with your mortgage or your energy use. https://zurl.co/Vv1BK

15.01.2022 With the end of the year fast approaching, it might be worth your while to use the holidays to work on a cash flow management plan for 2018. If you want to improve your financial situation, this is one of the things you need to look at. Personal cash flow management works as a wire frame for a personal budget. There are two types of personal cash flow; positive and negative. The idea of a personal cash flow management system is to see where your exact cash flow lies and adjus...t accordingly. The goal is to have a positive cash flow. This site is a good place to start as it outlines what inputs you need (and explains them too!). https://zurl.co/jQra1

13.01.2022 Were always interested to find out what our customers want to see.

13.01.2022 Retirement homes used to have a bad rap. But with an aging population, the industry is booming and so are the choices. Staying put at home may seem like a good idea, but its worth considering a move to a retirement home, if you can make the financials work for you or your loved one. https://zurl.co/v3wKK

11.01.2022 Financial advisers must prove they have acted in your best interests. By 2020 brokers will need to prove theyve delivered you a good customer outcome. While both industries have had their issues, both moves mean good news for the customer, and in turn, the industry.... From the end of this month well be working with both industries to collect customer feedback to support these efforts. https://zurl.co/1yZa3

11.01.2022 Ok - try not to freak out but theres just over two weeks until Christmas. While it can be tempting to shop like crazy, if you follow this set of rules you should win in three ways: 1) the recipient will receive a range of presents that theyll get a lot of use out of in one way or another 2) youre not wasting money on multiple presents that will eventually end up as landfil 3) youre creating memories - something money cannot buy

10.01.2022 If your kids are of a screen time age, you may have been stung with them making in app purchases without your knowledge. Last week Simone managed to prevent her son making a $124 purchase for special cards in a Teenage Mutant Ninja Turtle game. Anyway... This business is worth checking out. Adrian - the owner - invented the business as a way to balance his childrens screen time and green time. He was tired of them spending too much time on mindless, time wasting apps, full o...f ads and in-app purchases. Theyre just about to launch. Find out more about them here: https://zurl.co/R2Aay https://zurl.co/9K98r

09.01.2022 Running a small business is tough, particularly if youre self funded, or working closely with a financial institution to manage cash flow. Its important not to let your small business impact your personal financial wellbeing. A financial adviser can work with you to develop strategies for how to successfully keep the two separate. https://zurl.co/ob9gy

08.01.2022 Fraud can affect any of us - heres 5 tips to remember: 1) If youre online shopping, make sure the URL starts with https:// as this ensures the transaction is secure. 2) If youre using a shared computer, make sure you close down anything you signed into, and clear the browser history. 3) You will never be asked for banking details via email. If your bank is emailing you to confirm something, its not your bank. A quick call to them can verify this - but dont use the number... on suspect email! 4) Dont reveal personal details online, especially social media. 5) If you have been defrauded, tell your friends and family. Warning others assists to end far reaching scams. See more

07.01.2022 If youre stuck for a Christmas present idea for your 3-7 year old, this Kmart cubby house might be the idea. http://www.kmart.com.au/product/wooden-cubby-house/765085 Now before you dismiss it, make sure you check out how a number of designers have turned their hand to tricking theirs up amazing paint jobs and accessories. For ideas check out below: https://mumcentral.com.au/kmart-cubby-house-hacks/... Last we checked they had stock so get in quick!

06.01.2022 So the Banking Commission starts hearing from consumers, starting with lending experiences. Do you have a story to tell? https://zurl.co/B8JzQ

05.01.2022 Some results from the latest Australian Financial Attitudes and Behaviour Tracker: > 79% reported they had a budget in the last six months > 36% of respondents said managing money was stressful > 24% didnt think anything they did made much difference to their financial situation > 21% have difficulties understanding financial matters... > Less than 1/3 report understanding the risk/return trade-off concept In short, it highlights the importance of seeking professional advice (where appropriate) to ease stress and identify opportunities. Unless youve trained in financial services theres terms you dont need to understand right away. Ask an expert! https://zurl.co/gbVzx

05.01.2022 The cost of eating out.... One of Australias banks has just released a report on what the average Australian is spending on takeaway. Its increased to $57.50/week. A likely culprit is the popularity of cashless payments, such as PayWave or ApplePay. Without a visible log of whats going in and out of your wallet, its harder to budget easier to spend.... If youre trying to save then reviewing what youre spending on food and drink/week could be a good starting point. Identify occasions where you should indulge, and others where you could hold back. Theres loads of budgeting apps on the market so find one that suits you and use it.

05.01.2022 This is a great site to discover ways to benefit from living, working and retiring overseas. If travel is on your to do list for next year, see if one of our financial advisers can help you restructure your finances and make it happen. This photo is of Croatia BTW - we give you permission to stare at it for 5 minutes.... https://zurl.co/j1nnx

04.01.2022 Trusts are something that most of us have heard about, but not many of us understand. Were all interested in creating and protecting our wealth, so it can make sense to set up a trust for your children in many circumstances. This blog piece will give you some food for thought. If youre interested then the next step is to meet with a financial planner or solicitor. https://www.mynextadvice.com.au//financial-advice-childre/

02.01.2022 If youre like us, Christmas shopping raises the stress levels tenfold. For some its the crowds, for others its the traffic, but for us its the list. In this society of consumerism, theres never been more choice. This actually makes it worse. Would X already have it? Would they want this colour? Is this the right size? Dont they hate Y? Often this indecision leads to last minute purchases that are well above the set budget, just so you can get back to your car before yo...u get kicked/pushed/cut-off once more. This guide has a few ideas for the gift giver - if only as a conversation starter. https://zurl.co/YpBl8

01.01.2022 Christmas is over. The holidays - for most of us - are over. Some of us have made NYE resolutions that were trying to work out how to implement (or get out of!). A common financial NYE resolution is to reduce debt. Its actually an integral part of any savings plan, as your debt tends to have ongoing costs to service (interest for example). This is a debt reduction strategy called The Snowball Effect, which you may find handy.