Lifestyle Financial Services in Chatswood, New South Wales, Australia | Financial planner

Lifestyle Financial Services

Locality: Chatswood, New South Wales, Australia

Phone: +61 1300 349 188

Address: 401, 9 Help St 2067 Chatswood, NSW, Australia

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

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• Investing service
• Financial planner

25.01.2022 My daughter is in a relationship and they are considering buying a house in future, and will use the money I put aside for part of her home deposit," she told the ABC. She says she doesn't have doubts about her daughter's partner or dislike him, but does wonder what would happen if they were to break up in future. Read full story here: https://www.news.com.au///52048ee6884a7e327f70f5df88edc06e... Please note: This post is not endorsed by Financial Wisdom Ltd nor is it intended to be advice provided by Lifestyle Financial Services. The content only provides a summary and general overview on matters of interest.

24.01.2022 Join us today at 11:00 and meet the Lifestyle team and hear our thoughts on 2020 and the impact it has had. We also are excited to have a guest speaker Nick Pearce, CEO of the Centenary Institute joining us as well to talk about current projects and the prospect of a COVID vaccine. https://mailchi.mp/yourli/lifestyle-matters-october-2774814

21.01.2022 These days, the phenomenon of keeping up with the Joneses is more pervasive than ever. The constant bombardment of images from advertisers, as well as our friends and family via social media is making Australians feel pressured to maintain a certain lifestyle, often to the detriment of their long-term financial goals. In fact, new research reveals that over a third of Australians feel burdened by the pressure to keep up appearances.

20.01.2022 If like many Australians you’re looking for ways to put some cash away for a rainy day, a holiday or to earn extra income, the job has just become a bit harder. It’s also become more urgent if you are expecting a handy tax return. So, whether you are looking to make the most of your tax cut or other savings, here are some suggestions.

17.01.2022 As children, we are surrounded by stories. The books our parents read to us, the cartoons we watch, the imaginary games we play. As adults we might like to think that story time is over. But it isn’t.

17.01.2022 If both your first and last task of the day is to check your emails, you’re not alone. Contemporary work culture, spurred on by advances in technology, has meant that we are expected to always be on. Gone are the days of the 9-5. Many of us work at all hours, possibly even holding down side gigs, and that’s before we take into account the labour we perform in other areas of our lives.

16.01.2022 We were excited to have Peter Bliss speaker, author, coach & mindfulness expert, and founder of Business Is Bliss recently host a webinar with us on surviving the COVID-19 crisis using mindfulness techniques. Here is a recording of the webinar, in which Peter shares with us: The science behind stress/fear/overwhelm... Four things we can control during turbulent times At least 3 techniques which can change your neuroception of safety See more

16.01.2022 End of Financial Year (EOFY) can be a stressful time for many business owners preparing financial records and tax returns, updating records, and pushing to close as many deals as possible. In addition to these activities, EOFY is a good opportunity to assess how you can run your business more efficiently. Please note: This post is not endorsed by Financial Wisdom Ltd nor is it intended to be advice provided by Lifestyle Financial Services. The content only provides a summary and general overview on matters of interest.

14.01.2022 "My daughter is in a relationship and they are considering buying a house in future, and will use the money I put aside for part of her home deposit," she told the ABC. She says she doesn't have doubts about her daughter's partner or dislike him, but does wonder what would happen if they were to break up in future. Read more: https://www.abc.net.au//de-facto-relationship-spl/11272554... Please note: This post is not endorsed by Financial Wisdom Ltd nor is it intended to be advice provided by Lifestyle Financial Services. The content only provides a summary and general overview on matters of interest.

10.01.2022 In finance there is a principal called ‘the rule of 72’. What this alludes to is the mathematics about how long it takes for compounding interest to double your investment. You divide 72 by the interest rate/investment return to get the result. So, if you invest $10,000 and you get a 10% return it will take 7.2 years to double your money to $20,000; then another 7.2 to get to $40,000 and so on. Or if you get a 7.2% return it will take 10 years to double. This got me to thi...nking. If you get the current official cash rate of return, which is 0.25%, it will take you 288 years to double your money. Not a good outcome! Maybe it’s a good time to get to know a friendly financial planner? Cash may not be king!

08.01.2022 For most people, life insurance provides a safety net against unexpected events. This is particularly the case if you have a mortgage, debts or family who are dependent on you earning an income. In many cases, life insurance has been automatically offered through superannuation. Although 85 per cent of people hold life insurance this way, a recent survey found one third of them don’t even realise. Now some super members may have lost their insurance cover and may not be aware of it.

08.01.2022 For the first time in years, the planets seem to be aligning for homebuyers and property investors. Interest rates are falling, property prices largely appear to be stabilising and constraints on bank mortgage lending have been relaxed. It’s welcome news for first homebuyers and anyone who has been waiting on the sidelines for a signal that the downturn in house prices could be at or near the bottom in key markets such as Melbourne and Sydney. As is always the case though with the national housing market, the full story is more than a tale of two cities.

08.01.2022 Aussies are living 10 years longer than we did 50 years ago; we are also staying fit and active well into retirement. Expectations of retirement are also higher, whether that be overseas travel, learning a new skill or spoiling the grandkids. Recent changes to boost retirement income may go at least some of the way to achieving your dream retirement and providing for a healthy, independent and good life in your later years. While there are some changes that affect self-funded retirees, the changes generally relate to those with Centrelink entitlements. Here are the three main areas where changes have been introduced as of 1 July 2019.

05.01.2022 It’s been a long time coming, but up to 630,000 retirees could soon enjoy a small but welcome increase in their Age Pension payments following a cut in deeming rates used for the pension income test. Under the Age Pension income test, you are ‘deemed’ to earn a certain rate of interest on your savings and investments no matter how much income you actually receive.

04.01.2022 We don’t think twice about taking our car in for a regular tune up. Why? Because we know it’s going to mean our car runs at its best and saves unexpected problems down the track. It follows then that we should take the same approach to other areas of our lives. From our goals, to our finances, to our health, there’s so much to be gained in checking in regularly to make sure everything’s tracking well.

01.01.2022 The number of young adults living in the family home well into adulthood is growing. ABS data indicates, amongst adults under 35, nearly one third are still at home, and the trend is on the rise. If managed well, multigenerational living can be beneficial to both your adult kids’ financial goals and your relationship with them, that said it’s not without its challenges.