True Diamonds Financial in Gold Coast, Queensland | Financial consultant

True Diamonds Financial

Locality: Gold Coast, Queensland

Phone: +61 417 227 132

Address: Suite 1, Level 2, 21 Lake Street, Varsity Lakes 4227 Gold Coast, QLD, Australia

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

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25.01.2022 True Diamonds Financial offers a FREE initial consult to all potential new clients! If you would like to find how to better manage your finances and make sure you are making the most out of your money, send us a direct message! It's never too early or too late to take control!

24.01.2022 Get happy and change the world with your business!

23.01.2022 Saving with compound interest

22.01.2022 How to use the featured section on your LinkedIn profile

22.01.2022 Have you reviewed your home loan recently? With interest rates at a historical low, now could be the time to look at refinancing your mortgage to ensure your loan remains competitive in regards to interest rates, repayments, fees and features. Please read this article for more information, and when you are ready, message or call us to discuss how you could benefit from refinancing. https://www.amp.com.au//managing-ho/how-refinancing-works

21.01.2022 Should I invest my money into my super or mortgage?

21.01.2022 Be very careful when applying for new jobs. Theyve found a way to scam those most vulnerable during this time https://mypolice.qld.gov.au//police-warn-over-coronavirus/

21.01.2022 Whats the difference between a financial planner and an accountant? https://www.moneyandlife.com.au//whats-the-difference-be/

18.01.2022 Curious about investing in listed investments (on the stock exchange) but not quite ready to invest large amounts? Find out about micro-investing apps such as RAIZ and Commsec Pocket here. Message or call us for professional guidance on your finances!... https://www.canstar.com.au/o/commsec-pocket-v-raiz-invest/ Photo by Chris Liverani on Unsplash

18.01.2022 Do you have multiple super funds still? Through myGov you can consolidate multiple superfunds you may have, but it is important to speak to a financial planner first! Which fund should you consolidate into? DO you have insurance in your 'old' funds? Combining superfunds can result in you losing insurances that you may not have realised you had.... And once they are gone it is not always that simple to get them back... especially if you have a pre-existing injury or illness. Call us to book a review of your current super situation 0417 227 132 See more

18.01.2022 Risk and Investment https://www.youtube.com/watch

18.01.2022 How life insurance works

17.01.2022 Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing

17.01.2022 Amazing! Lets see the other banks follow

16.01.2022 Open Banking goes live in Australia: What is it and what does it mean for me? https://www.canstar.com.au/cr/open-banking-live-australia/

14.01.2022 Cleaning up your finances This article is written from first hand experience of the journey through cleaning up her finances and reaching her financial goals. What a great read! A bit of a long article, but well worth it for motivation and inspiration to take that first step yourself. If you're ready to get started, send us a message give us a call to discuss further.... https://www.abc.net.au//mortgage-broker-financia/11564478 Photo by Michael Longmere from Unsplash

14.01.2022 Could your finances do with some decluttering? Find out how to go about it with this guide to simplifying your budget, bank accounts, super and debts For more information or for a free initial consultation, send us a message or give us a call. https://www.moneyandlife.com.au//four-ways-to-declutter-/... Photo by Annie Spratt from Unsplash

13.01.2022 Navigating the pandemic and your finances The effects of Coronavirus are far from over, and with restrictions on businesses causing hundreds of thousands of workers to either lose their job entirely or be faced with reduced hours until the crisis passes, thousands of Australians are experiencing financial distress. The real financial impact of COVID-19 wont be known for some time, but that no matter your current financial situation, there are ways to safeguard your finances ...and come back stronger than ever. #1- Budget - the first step to getting organised is to put together a budget. Do you really know where your money is going? If youre someone who has never really thought too much about your money before, now is the time to take control. Set up strong structure, know exactly where your money is going and why. #2- Update your subscriptions and policies - shop around. Reviewing your car, house and health insurance and gas and electricity providers will keep your informed of what is a reasonable cost to incur. See if you can get a better deal with your existing provider or switch to a new provider. #3- Seek out help make the most of the new JobSeeker and JobKeeper initiatives. After that, dont be scared to turn to an expert for help. Financial planning is for anyone that wants to be financially organised and goal-focussed. #4- Start saving - youre probably spending money in a different way since the pandemic, whether it be from spending less on lifestyle expenses to suspended payments due to business closures, and those dollars can easily accumulate in your bank account and boost your savings. #5- Super you should exhaust all options before accessing your super. Of course if you need it, that's what it is there for however it is important to be aware that it will have a far bigger implication in the long-term due to compound interest. You might get your $10,000 now, but you could be robbing your future self of anywhere between $20,000 to $80,000 as a result, depending on how close you are to retirement. Take a closer look at your superannuation, how many accounts you have and where is it invested. If you would assistance with protecting your finances, please contact us for a free initial consultation.

13.01.2022 Did you overspend over the holiday period and now you're not sure how to get back into financial shape? Six money experts reveal the simple changes you can make to your spending to make up for the budget blow-out at the end of last year. https://au.finance.yahoo.com//january-money-hacks-post-hol

13.01.2022 For those affected Our thoughts and prayers are with you!

11.01.2022 Tips for paying off your home loan sooner Speak to us today! https://www.youtube.com/watch

11.01.2022 Do you have a HECS-HELP debt? Is it worth paying off your HECS-HELP debt early or is your money better spent elsewhere? Here are some of the issues to consider especially with interest rates at record lows.... https://www.canstar.com.au/budgeting/paying-off-hecs-early/ Photo by Javier Trueba on Unsplash

11.01.2022 As a growing number of Australians rely on the early release of their super to stay afloat, it is importance to get to know your super balance and investment option. A survey of more than 3,000 working Australians by Russell Investments showed that in the weeks leading up to the coronavirus pandemic, two thirds of those surveyed incorrectly believed their super fund would automatically protect their nest egg from a market downturn. Critically, 37% said they believed their f...und already managed their investments based on their own personal circumstances, even if they did not actively choose how their super was invested. And 67% of those surveyed either did not know how their super was invested or left it to their funds default approach, while 21% didnt realise they could choose their investments in super. Russell Investments Managing Director Jodie Hampshire said asset allocation was one of the strongest factors driving the effectiveness of retirement income. Having the right asset allocation at the right time is critical members who dont take on enough risk when they are able to could see their super balances stagnate, while overly aggressive asset allocation at the wrong time can jeopardise a lifetime of savings, Ms Hampshire said. If you'd like a complimentary Super Health Check, please send us a message

11.01.2022 What is your biggest influence? Family/Friends / Social Media / Online 'Experts' ? Learn how to shut out the noise for better money choices https://www.moneyandlife.com.au//shut-out-the-noise-for-/... Photo by Diggity Marketing from Unsplash

09.01.2022 Investment preferences of the young

09.01.2022 From free accommodation from Airbnb to emergency grants from your bank - here is some of the assistance available and how you can apply.

08.01.2022 Budgeting is a key part of a successful financial plan. Don't know where to start? There are several mobile apps available for you to use to track your spending habits seamlessly. Take a look! If you're ready to receive personal financial advice to assist with your plan, please send us a message ... https://www.canstar.com.au/budgeting/budgeting-apps/

08.01.2022 Thinking of purchasing property? Weve experienced how being in lockdown has helped us to save money and with the property market falling, Australians are starting to get serious about purchasing property. Although data from the Australian Bureau of Statistics (ABS) showed first home buyer loan volumes were down in May, recent research from ING found many young Australians intend to buy a house in the next two years, out of a belief that COVID-19 has made home ownership more... affordable and achievable. The Government has announced several initiatives to assist those who have been dreaming of home ownership. The First Home Owners Grant - The First Home Owners Grant (FHOG) is a government scheme that works by providing a one-off payment for eligible first home buyers who purchase or build a residential property to live in. https://www.canstar.com.au/home-lo/first-home-buyer-grants/ First Home Loan Deposit Scheme - which helps eligible first home buyers with deposits as low as 5% to get a loan in that it could remove the hurdle of having to pay LMI premiums. https://www.canstar.com.au//first-home-loan-deposit-scheme/ HomeBuilder Scheme - Eligible Australian owner-occupiers can apply for grants of $25,000 to build new homes or undertake major renovations on existing homes spending at least $150,000. https://www.canstar.com.au/ho/homebuilder-scheme-explained/ If you would like to discuss in more detail and how these might apply to you, please contact us

08.01.2022 Do you feel richer? New data shows the average Aussies wealth just went up! How does this affect you? Read this article for the details. https://www.canstar.com.au//personal-wealth-increase-2019/

07.01.2022 Free Consultation True Diamonds Financial offers a FREE initial consult to all potential new clients! If you would like to find how to better manage your finances and make sure you are making the most out of your money, send us a direct message!

06.01.2022 On Tuesday the Government announced it is extending the JobKeeper Payment and certain JobSeeker Payment measures beyond September 2020. JOBKEEPER JobKeeper Payment will be extended until 28 March 2021. From 28 September 2020, a two-tiered level of support will be provided with lower payment rates than the current rate of $1,500 per fortnight. Phase 1 (28 September 2020 to 3 January 2021): ... - $1,200 per fortnight - employed for 20 or more hours per week (measured in the 4 weeks prior to 1 March 2020) - $750 per fortnight for other eligible employees Phase 2 (4 January 2021 to 28 March 2021): - $1,000 per fortnight - employed for 20 or more hours per week (measured in the 4 weeks prior to 1 March 2020) - $650 per fortnight for other eligible employees Businesses will need to re-test for eligibility. Therell be a 30%-drop turnover test in October and then also in January (for the following quarter). Businesses will also need to show a 30% decline in each of the June, September and December quarters, to keep JobKeeper in the March quarter. JOBSEEKER A number of measures including the Coronavirus Supplement will be extended until 31 December 2020 with some further modifications announced. The following applies from 25 September to 31 December 2020: - Coronavirus Supplement will continue, however it is reduced from $550 per fortnight to $250 per fortnight - Ordinary Waiting Period, Newly Arrived Residents Waiting Period and Seasonal Work Preclusion Period will continue to be waived - Expanded access to JobSeeker Payment and Youth Allowance (other) will continue - Personal income test - Income free area for JobSeeker Payment and Youth Allowance (other) will increase to $300 per fortnight and a single taper rate of 60 cents will apply - Partner income test - partner income test cut-off will increase to $3,086.11 per fortnight, or $80,238.89 per annum, for individuals with no personal income However not all JobSeeker Payment measures were extended. Importantly, the assets test and the Liquid Assets Waiting Period will be reinstated from 25 September 2020.

06.01.2022 Interest Rates cut again! What does it mean for you?

06.01.2022 Not sure how to complete your tax return if you have been working from home during Covid? The below Daily Edition articles provide some useful information for everyone to know before completing your tax return, if you haven't already https://7news.com.au//the-three-ways-to-claim-work-from-ho... https://7news.com.au//tax-return-shortcut-method-extended-

04.01.2022 Retirement income and tax

04.01.2022 Heres how much super Aussies need in their accounts right now to retire comfortably. How much super you need will depend on: the lifestyle you want in retirement - According to the Association of Superannuation Funds of Australia (ASFA) a comfortable lifestyle for a couple costs about $60,000 a year and a modest lifestyle costs about $40,000 a year. how long you're likely to live - People are generally living longer than previous generations. Retirees can expect to live ...well into their eighties and this means if you stop working at 65, you're likely to need retirement income for at least 20 years or more. your big costs in retirement - Are you planning any major spending after retiring? For example, you do you want to pay off your mortgage, renovate your home, or travel? The more money you spend early in retirement, the less you'll have to live on later. To ensure you're maximising your retirement savings, contact us for a FREE initial consultation. https://www.canstar.com.au//how-much-super-for-retirement/

04.01.2022 Second job tax I hear this so often - why take a second job when you have to pay extra tax on it! The answer is... you will pay the same amount of tax on your income whether you have one single job or multiple jobs. If you are unsure how it works, here is a great article from the ATO explaining it further. If you would like clarification or would like to know how it applies to your personal circumstances, please send us a message... https://community.ato.gov.au//How-much-tax-shou/ta-p/8111 Photo by Kelly Sikkema on Unsplash

03.01.2022 Are your finances suffering because you cant resist spending on the latest trends? It seems that more than a third of us cant help but follow the urge to upgrade our current lifestyle, even if that means missing out on important future goals like buying a home. If this is you, check out this article to help you resist, and if you would like help with managing your everyday cash flow, contact us now for a free initial consultation! https://www.moneyandlife.com.au//buck-the-spending-trends/

02.01.2022 Do you travel overseas frequently? Are you unsure of the best way to convert your money? There are many suppliers of foreign currency services, not just banks. You should compare a variety of suppliers and be prepared to switch between them in order to get the best price. Read this article for the best tips before you leave Australia https://www.accc.gov.au//hea/buying-sending-foreign-money

02.01.2022 The age old struggle - "I can't get ahead in my finances!" The most common answer is to earn more or spend less. The word 'Budget' is for some reason, scary to most people. If this is you and you are not ready to commence budget planning, then the first thing to do is try to lower your ongoing expenses. This includes your utilities (power, water, phone, internet etc). However, the thought of calling your provider to ask for a better deal is sometimes daunting. In this artic...le, Amanda Horswill describes her experience making this call, and hopefully it will ease your mind on picking up the phone and making that call yourself! Do it, you may be very pleasantly surprised! https://www.canstar.com.au//negotiate-better-health-insu/

02.01.2022 Keen to become a homeowner but not sure youve got the savings and income to make it happen? Check out this article and don't hesitate to contact us for further information or for a free initial consultation to make your dreams a reality! https://www.moneyandlife.com.au//how-much-can-i-afford-t/

01.01.2022 Do you have Credit Card Debt? Financial expert Bessie Hassan warns one of the biggest traps we fall into with credit card debt is late payments. In the last 12 months, one in 10 Australians have paid a late fee on their credit card. This represents over one million Australians who have been impacted or stung by these fees, Hassan says.... Its estimated the Aussies collectively paid $29 million in late fees in 2019. Are you struggling with your debt or want to learn how to be smarter with your money in order to repay your credits cards sooner? Message or call us today for a free initial consultation! Photo by Anastasiia Ostapovych on Unsplash