Bounce Financial in Fortitude Valley | Financial service

Bounce Financial

Locality: Fortitude Valley

Phone: +61 7 3854 2348

Address: 1024 Ann Street 4006 Fortitude Valley, QLD, Australia

Website: http://www.bouncefinancial.com.au

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• Financial planner

25.01.2022 Have you ever made a big money mistake? If you are a human being, then the answer is probably yes. Nobody is perfect, we make mistakes all the time. It doesnt make us terrible with money, it just means we made the wrong choice with the information that we had at hand at the time. Learning from these mistakes is where the gold is and Ive seen first hand the success some people have had after making money mistakes, getting themselves out of it, and thriving because of it.... One of the reasons we love working with young families and young professionals, is because you have time on your side. If you have made a mistake, you have time to learn from it, recover and move forward. The worst thing you can do however, is stick your head in the sand and ignore it. That could do you more harm than the mistake in the first place. When we talk to new clients, we arent judgmental, we get it, weve seen it before and we know how to help you recover and move forward. Cara

25.01.2022 Episode 2 of Money Chats is out and all about the Bounce philosophy of Current you, Medium term you, and Future you.

25.01.2022 Happy Birthday to our paraplanning superstar, Holly! Food is our love language at Bounce HQ, so there will be treats

22.01.2022 Have you heard? Bounce Financial have a new podcast called Money Chats! We discuss all things finance including the things you need to know about the major transitions in your life like, maternity leave, renovations, investing and making money! We also put professionals in the hot seat to ask them ALL the questions that people want to ask, but don't get a chance to. These are the people our clients will need in their corner at one point or another, so it's great to get into the nitty gritty of what they do. Stay tuned because we interview Real Estate Agents, Accountants, Lawyers, Brokers and more. This happy snap of us putting Wendy Russell Brisbane Buyers Agent through the hard questions earlier this week.

22.01.2022 One common theme I see, is that we focus so much on saving the deposit for our home, that we forget that we also need to pay it off. Yes, you get your home loan and you are making the repayments, but do you really want to take 30 years to pay it off? It can and should be quicker than that. Even knocking a couple of years off it by making extra payments could save you tens of thousands of dollars. Yes home loans are normal, but it doesnt mean you want to have it forever. Not... because its a race, but because it will save you money. Also, imagine how much extra cash you would have around if you didnt have to pay a mortgage? For the average home loan thats at least $25,000 a year. Imagine having a spare $25,000 a year? Buying the home is the first hurdle, but you also need to focus on paying it off!

22.01.2022 Like many, Ive caught myself saying if we can just get to the end of 2020, far more often than I should. This is a bad habit to get into for a few reasons. Firstly, whos to say life goes back to normal as soon as 1 Jan 2021 hits? Secondly, we should not be wishing away our time, its the biggest asset we have to play with. We all dont know how much time we actually get, and I certainly dont want to wait until 2021 to start enjoying myself. This year we have all been dealing with arguably more stress and uncertainty than we are used to and it can be tough, but that doesnt mean we should be wishing away our time. There are still things we can achieve and enjoy, and when it comes to money and investing, time is certainly our friend. The longer we have the better. Cara

22.01.2022 And.... that's us for the year! We are closing the Bounce office from today for some well earned rest and time with loved ones. Thank you to all of our clients, referrals, friends and supporters. It's been a big year for everyone, but we've all come out the other end, and getting to work with the people that we do makes it's all worth while. We wish everyone an amazing Christmas and New Years break. Enjoy, eat and relax! ... See you in 2021!

21.01.2022 Have you ever thought about investing for your children? Something to be aware of is that childrens tax rates are substantially different from adults. Whilst an adult can earn up to $18,201 before incurring any tax, for children, this figures drops to $416 and then incurs a higher tax rate (for unearned income).... The best practice in most instances is to invest under the lower earning spouses name on behalf of the children. Not only does this more commonly mean a lot less tax, it also gives you a bit more control about when you provide this money to your child. Ben

20.01.2022 In the busy world that we live in, automating aspects of your life can certainly make your life easier. We are huge advocates for setting up as much of your finances to happen for you automatically so that you don’t have to make hundreds of micro decisions on a daily and weekly basis. You can easily automate most of your regular bills and we encourage people to take it step further. You can set up automatic direct debits to coincide with your pay day. You can send money where... it needs to go, before you accidently overspend in the areas that you weren’t intending to. We do this personally and we always recommend that our clients do this. Tomorrow night, we are going through the fundamentals of money management and how you use those fundamentals to get yourself investing asap. We still have a couple of sneaky tickets left, so if this is something that you know you need to get on top of, let us know and we’ll put you on the list. Cara

20.01.2022 We get a lot of questions from clients about car leasing. Like all things in finance, whether a lease suits you depends on your circumstances. But there are some things to watch out for. Car leases tend to have inflated costs. Whilst many people find it convenient to have one payment which covers all the expenses, this can come at an expense. The second issue we see is the balloon payment at the end. The way these leases are structured encourage you to spend more than you wou...ld normally because the weekly repayment seems low. This is because the majority of the cost is going to come at the end in the form of a balloon payment. If you find yourself rolling over your balloon payment and upgrading, this is likely a mistake. We usually do a side by side comparison to help with the decision making. That way our clients know that they are making an informed choice. Cara

18.01.2022 I sat down last weekend to draft up my own Annual Progress Report. Whilst I do this for all of my clients, I feel its important to walk the talk and annually review my own finances in the exact same way. Why do I do this? Because an Annual Progress Report helps to hold me accountable and give me and my wife an opportunity to review our goals.... A year is a long time and if you dont have a process to review your last year and plan the next, then you can easily fall off course. Ben

17.01.2022 Something that comes up a lot for us when developing financial plans is preparing for children. Nothing disrupts a family budget as much as having children. When people think about the cost of having children, they think about nappies, clothes and prams. But these costs pale in comparison with the big costs of having children: maternity leave and day care. Losing half of a familys income is dramatic. But even once you return to work, any income you earn is offset by day care... costs. It can be hard to work out how much time you can afford to take off work and how many days you need to return to when you do go back to work. This is where we can help by mapping out your finances and helping you to make a plan. Ben

16.01.2022 Do you need health insurance? With the rising cost of health insurance, more and more of my clients are asking themselves whether this is offering value for money. Where I think health insurance is a no-brainer is where you have a family income greater than $180k (or $90k for singles). This is because you will be subject to an additional tax if you dont have private health insurance. If this applies to you, then check out the cost of a basic health insurance policy without extras. If the cost is cheaper or comparable than the surcharge, then you would be crazy to not get something out of your dollars.

16.01.2022 Our 5 top tips to combining money as a couple https://www.bouncefinancial.com.au/couples-managing-money/

15.01.2022 There are a lot of things you can do which will help you to grow your wealth. From making sure you are invested correctly, to setting up good tax structures, to protecting your risk. But even the greatest of strategies can be completely undone by one simple action. In order to get ahead and build wealth, you need to spend less than you earn. Without this, no strategy is going to help you get ahead.... There are two ways to solve this problem, earn more or spend less. Either way, without a gap between these two figures, you will never achieve wealth. Ben

15.01.2022 Waaayyyy back at the start of this year, just before Australian lock down hit us all, I got to speak to Emma and Carla of @themerrymakersisters about all things Money and Life. A good combo if you ask me :) We talk about using money as a tool to facilitate the type of life you want to lead and having a plan for your money. If you want to check it out, go to your usual podcast listening to app and search Get Merry, or follow the link to check it out. ... https://themerrymakersisters.com/234-the-money-masterclass/

15.01.2022 To round out the week of new things at Bounce, we are really excited to have Vanessa on board with us as our new Client Services Superstar extraordinaire. Vanessa has just finished week 2 with us and is a perfect fit for our team. Important facts about Vanessa:... She has a White Husky Cross called Koda, who is adorable and fluffy. We know, weve seen pictures. Like all of us in the office, she also enjoys buying and accidentally killing plants. Shes a non-coffee drinker, which was quite the shock to be honest, but will gladly partake in the odd hot chocolate or tea. Her favourite food is Sushi, which we can certainly get on board with. Vanessa has taken to the new role like a duck to water and is already helping out clients and just generally keeping the Bounce train rolling. Welcome to the team!

15.01.2022 In the short time Holly has been with us, shes worked from our house during a global crisis, learned the ropes in next to no time and is now in the process of training her replacement. We are super excited to promote her to Junior Paraplanner and further expand on our little team. We are really happy to be able to continue to provide the high level of service to our ongoing clients but this expansion means we can continue to work with new clients who need financial advice. D...uring 2020 we have seen a huge increase of people needing help and guidance with their finances and life planning and this helps us to be able to work with more people. If you have been thinking about reaching out, then please do, wed love to hear from you. Congrats to Holly!

14.01.2022 Do you work for the Queensland Government AND want to buy your first home? If so, you may want to look into the First Home Super Saver Scheme. This is a scheme set up by the Australian Government which allows you to use your superannuation contributions for a home deposit. The catch is that you can only use contributions which aren't your 'superannuation guarantee' contributions. For Queensland Government employees however, as you usually contribute an additional 5% of your s...alary, you can use this amount for your house deposit. If you want to know how much you have saved, check out your MyGov login. For further information, google 'first home super saver scheme' or reach out. Ben

14.01.2022 In the last week, 2 different podcasts I listen to talked about the fact that only 3% of people write down their goals. 3%. OF. PEOPLE I cant help but want to write down my goals and Ive been doing it for as long as I remember. It actually comes so naturally to me, I kind of naively assumed that everyone does it. Clearly I was wrong and I dont want to get all preachy on you, but its something that I think is so important and a really useful tool.... I think one of the things I love about putting a financial plan together for my clients, is the fact that we get to tease out all of their life goals, write it down on paper and then I physically map out how to achieve all of those goals. Its quite satisfying, and when you see your goal written down as well as a mapped out way to get there, it all of a sudden becomes so much more achievable. Thats when the magic happens Cara

13.01.2022 Ive had a few conversations lately where people really want to know how they compare to their peers when it comes to finances. Not necessarily because they want to be better than others, but more from the standpoint of not wanting to fall behind and to help them self-evaluate. Generally people dont talk about these figures. How much super do I have relative to my age? Am I investing like everyone else? What does everyone else spend their money on? How much should I spend o...n a house? These are all normal questions, but the answer is often unknown because money is not openly discussed. You can see if your neighbour bought a new car, but you dont know how much they have paid off their home loan. I love having these open and honest conversations with clients based on figures, and our experience and deep understanding of our clients. Talking about this stuff can seem taboo in normal circumstances, but from our perspective we want people to ask these questions. Helping our clients get educated and understanding what is achievable is some of the best parts of what we do. I always say to my clients, no question is off the table. Ask, always ask. Cara

13.01.2022 I see a common mistake pop up regularly when it comes to choosing how to invest your superannuation. Most people I meet with tend to understand that when you are younger, going for the more aggresive or growth orientated option in your superannuation usually suits your situation. Despite this, it is very common for most people to leave a small amount in a balanced account. Usually between 20% to 50%.... When I ask why theyve done this, the usual answer is that they just felt that they should hedge their bets and put some into balanced. Its important to remember that even small amounts of money can make a big difference over your entire lifetime. If this decision means you earn 1% less each year for your entire life, you could end up hundreds of thousands of dollars worse off. If youre unsure about your super, please reach out. This is one thing you cant afford to get wrong. Ben

13.01.2022 Have you ever heard yourself saying once I get past this, then Ill be able to get things on track? Its a classic line used in relation to diets, organisation and money. We are all guilty of this way of thinking at some stage or another. This often comes up when it comes to discussions around finances. For example:... I just need to buy this new car and then Ill get by budget on track. Once the kids are finished daycare, Ill be able to finally get sorted out. Lets just get through Christmas, before I do my budget. The things is, all of these are just usual things that happen with life. They are not uncommon and these events are going to come up year after year. The whole point of getting these things sorted is that you actually plan for all of those changes. Yes the exact situation will be slightly different, but if you have an overall macro plan for your life and your goals that is thorough, then you should be able to navigate all of the normal life situations without your budget or finances completely falling by the wayside.

12.01.2022 Weekend outlook: Strong chance of brunch.

11.01.2022 This is what it's ALL about.

09.01.2022 What does financial success look like to you? Financial success is different for every person. For some people, financial success is a big house, a beautiful car and nice clothes. For others, its more time to work on their hobbies or spend time with their children. There is no correct way to be financially successful. Financial success is having the freedom to choose how to live your life.... Now youve pictured what financial success is for you, ask yourself, what has held you back from getting there? How long do you think it could take you if you started now, 5 years? 10 years? 15 years? Financial success is a lot closer than you think, you just need a great plan. Ben P.S. Having my daily coffee is clearly part of my financial success

08.01.2022 The Bounce local coffee shop. Very important stop off for a Monday to ensure we have ample caffeine and good vibes to see us through.

08.01.2022 When was the last time you reviewed your health insurance? Each year in April, health insurance premiums increase. This year however, due to Covid, the increase was put on hold until October. For those with private health cover you would have started receiving the renewal information about your policy. Its the perfect reminder to compare what you have, to what the market has in case you can save some money. Another tip around your health insurance, is to check if your employer has any corporate discounts. I often find that the corporate discounts offered with larger companies can often save a lot of money compared to what is available if you go direct.

08.01.2022 Given weve been on a bit of a Parks and Rec re-watch during ISO, I thought id update this blog post about investing in gold. We get questions regularly about investing in gold, so heres the low down. https://www.bouncefinancial.com.au/ron-swansons-gold-bars/

08.01.2022 One thing that is important for us when talking to our clients is to uncover the conflicting goals that you have. Most people have several things that they are wanting to work towards which can be great, but in some circumstances the goals conflict and almost make it impossible to reach at the same time. This means, that you need to figure out which goal comes first and which goal comes second. That doesnt mean one is more important than the other, its more around timing. F...or example, so many of our clients are tackling maternity leave and buying a new house around similar times. These are both really important, but timing matters on this and likely you wont be able to do them at the exact same time without feeling it financially. Strategy around timing is where we come in. We map out all the potential scenarios for our clients to help them make the best decision for them. We have the belief that you can pretty much do anything, but you cant necessarily do them all at the same time. Cara

07.01.2022 Happy new year! We hope you all had an amazing break and for those still taking some down time, enjoy! We are slowing making our way back to Bounce HQ this week. Checking in on our clients and getting things started for the year ahead. It’s nice to see people start to plan, make goals and get excited for 2021. I’ve seen a few social media posts around getting your finances in order for 2021, and I couldn’t agree more. ... One of the things that we love to do, is plan for your ‘budget’ or spending plan for the whole year ahead. Most people only budget on a week to week or month to month basis, however we tend to find that this falls short. Sit down, grab a coffee and map out the whole year. When are the birthdays in your family that you need to plan for? Are you taking a holiday? Do you have any major expenses coming up? When is your car rego and insurance due? You should even map out Christmas at the end of year. If you know exactly what is coming up throughout the year, you can ensure that you are putting aside money from every pay period to cover off on all of the normal things that come up in life, instead of trying to get the money together a week out. If you want a copy of our budget calculator that maps out the whole year, let us know, we are happy to share.

07.01.2022 When is a good time to review your overall money plan? As a general rule, at least once a year is encouraged and the start of the year is the perfect time to do so. You also need to reevaluate your finances when something major happens. For example if you buy or sell a house, change jobs, or when making a major purchasing decision like buying a car, or committing to a large expense. If something is going to impact the bottom line, you should probably check in with your mone...y plan and adjust accordingly. My long term clients usually know that I 100% practice what I preach when it comes to this stuff. I bought a new house late last year (YAY) and i'm now personally going through the process of reevaluating my finances to account for the change in my situation. If you have any major changes in your life, or you are just well overdue to review your money plan, then feel free to reach out. We LOVE finding out your plans, and figuring out ways to make them happen whilst enjoying your lifestyle at the same time. Cara

07.01.2022 Important Monday requirements from our local @gasoline_espresso_emporium

06.01.2022 I was speaking with a friend of mine recently about financial literacy. My friend is a teacher and we got onto the topic of the top 3 things that would be useful to teach young people about money. The world of money is deep and complex but there are 3 things I think would really help. 1. The dangers of credit cards. Too often I see young people encouraged to get credit cards to help their credit score. In this time when you can purchase almost anything with a debit card, mo...st young people should skip the credit cards. 2. Utilise account buckets. At the very least, helping them to set up a spending, bills and long term savings account will set them up for a lifetime of success. 3. Teach them about compound interest. Albert Einstein famously said "he who understands compound interest, earns it, he who doesnt, pays it". Understanding why you are saving money and avoiding debt helps to keep you focused. Any more suggestions?

06.01.2022 Check out Ben's article over at Canstar on all things Index Funds. https://www.canstar.com.au/investor-hub/index-funds/

05.01.2022 Well it's been a weekend of staying in for Brisbane with our 3 day lock down hopefully lifted by tonight. That means that the Bounce office is closed for today but we'll be busily working from home for today, and hopefully back into HQ tomorrow!

05.01.2022 Just before Christmas a client asked me what the difference is between a financial adviser and an accountant? This is a great question. For us at Bounce Financial, we see ourselves as helping you to plan your financial strategy. Whilst your accountant can be helpful with saving you on tax, they aren't able to help you come up with a financial strategy for the future. For our clients, we will develop a financial plan for them which addresses a spending strategy, an investment ...strategy, a super strategy and an insurance strategy and we will make sure all of these strategies work together. We will then work with the client to act on these strategies to succeed. Each year, our clients will need to lodge their tax returns which will include their earnings from their job, investments and any expenses they had in earning that income. This is where an accountant is helpful. For business owners, your accountant may help you with some business planning. But again, in most instances they are simply looking to save you from paying more tax and aren't thinking about your overall strategy. For business strategy, you will need to seek out a specific expert who understands your business.

05.01.2022 The world of investing can seem big, daunting and a little scary. For most people, this completely puts them off and they choose not to do it. But I would argue that most people need a plan to invest in their life. You know what else is scary? The first time you drove a car, or when you started uni, or when you purchased your first home. All of these things were new and scary but you overcame them and you're better for it.... Learning more about investing and taking control of your financial future may seem like a big step, but I'm here to help you every step of the way.

04.01.2022 Another cracker from Ben on the 5 things you need to discuss with your partner before investing. Check it out over at @canstar https://www.canstar.com.au/investor-hub/partner-investing/

03.01.2022 Happy Friday! Do you know what I am totally loving right now? The fact that when you order a cappuccino, so many coffee shops are literally grating chocolate on top. What a time to be alive.

02.01.2022 One of our more popular posts about what we did personally after we bought our home. https://www.bouncefinancial.com.au/what-i-personally-did-w/

02.01.2022 Happy snaps from last nights session on all thing finance, investing and just generally life planning. We always love talking about this stuff, answering questions and getting people excited about their options.

02.01.2022 It's nice to see families soaking up the last few weeks of holidays before the kids get back to school. A lot of professional working families have the option to send their children to private school and we speak to so many clients who start planning for this very early on. There is a lot to know about private education and planning for this in advance is really beneficial. You need to consider the costs around the base education, but also the additional levies, activities, u...niforms and donations required. Typically each year level will have different costs to consider, and as you can expect, it usually increases with each year. If you plan in advance however, there are typically pre-payment discounts that can apply which will make a difference. Additionally, as there are going to be ongoing costs throughout the year, setting aside appropriate funds to ensure that you have enough to sustain the year is such an important part of your money strategy. We do a lot of work in this area for our clients, so feel free to reach out and get yourself organised in advance.

01.01.2022 Happy Monday and Happy Birthday to the Bounce OG. We thought she deserved a little more relax time so we gave her the day off. Happy Birthday Cara!!