Your Money Manager in Carlton, Victoria, Australia | Financial planner

Your Money Manager

Locality: Carlton, Victoria, Australia

Phone: +61 1300 100 481

Address: Suite 61 / 139 Cardigan Street 3053 Carlton, VIC, Australia

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

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25.01.2022 Did you know 1 in 14 mortgages have been deferred? Last month The Australian Banking Association released updated figures confirming that 429,000 mortgages had been deferred through the COVID-19 pandemic. Our conversations and research are showing many people don't know what deferring their loan will mean for their repayments and overall debt once the deferral period ends.... Before making any decisions with your debts, make sure you speak to your financial planner about your cashflow and your mortgage broker/bank to understand your loans. You can read the full article here: https://www.ausbanking.org.au/banks-have-now-deferred-more/ #debtmanagement #financialplanning #moneymanagement

25.01.2022 Three Great Questions to Ask Yourself Before Investing! It's common for people who are wanting to invest to ask whether it is better to invest in property, in shares or a combination of the two. While there are a range of factors to consider before making such a decision, there are three great questions you could ask now (or discuss with your financial planner) to really help move the conversation forward and to help with the steps you take:... 1) Risk: Make sure you understand the risks involved and the pros and cons of any decision, 2) Debt: Ensure if you are going to use debt as part of your strategy that you have considered a range of issues such as your timeframe and cashflow. 3) Outcome: By starting with the end in mind, it can help you to work backwards to see what you could do to help achieve your long term goals. As always, make sure you speak to your financial planner before making any financial planning or investing decisions! Click the link in the comments to join the Your Money Minute for free content straight to your inbox! #financialplanning #moneymanagement #investing #wealthmanagement

24.01.2022 3 Lessons That Can Help Low Earners Outpace High Earners! (2:10 mins) A common complaint for many people who want to have more money is that they think they just need to earn more. An interesting comparison of two different sets of banking customers proved that this definitely doesn't have to be the case.... What you do with your money, and how you manage it, can go a long way to increasing your wealth over the long term. #financialadvice #moneymanagement #savingmoney #investing

23.01.2022 As you’re no doubt aware by now, the coronavirus is causing massive selling and panic in world share markets. While no one likes to see their shares or supers drop, it’s critical in times like these to not panic, and to speak to your financial planner for any questions or concerns about your own situation. #financialplanning #sharemarket #financialadvice

22.01.2022 Two Great Questions To Ask For Your Future Finances! (2:08 mins) One of the most common questions asked to many financial planners is "How much money do you need to retire?". While everyone's answer can vary depending on a long list of factors such as living expenses, income needs and life expectancy, there are a couple of great questions to begin the conversation:... Question 1/ Start with the end in mind - if you were retiring today, how much income would you need, for example each week? A quick calculation as provided in the video can give you a starting point, but you need to factor in other considerations such as your future tax position, future asset levels and possible access to the Age Pension. This is where a financial planner can really help to clarify your current position and what you could or need to do to get closer to your retirement goals. Question 2/ Once you do retire, do you want the money/assets you have accumulated to remain static (i.e. so your funds don't decrease), or would you be happy to draw down on your assets throughout your retirement? This answer could make a big difference to the number you need from Question 1! For these videos straight to your inbox, just click here to join our community: http://eepurl.com/he17bX #financialplanning #cashflowmanagement

20.01.2022 A Major Concern With Taking Your Super Early! (2:01 mins) One of the initiatives from the Australian Government during this whole pandemic was to allow early access to some superannuation for people in need. While there are potential penalties for people who accessed this money when they weren't eligible, it's also important to understand the effect early access could have for the long term outcome of a super fund.... #financialplanning #superannuation #financialadvice

20.01.2022 How A 100 Year Old Budget System Could Help You Today! (2:06 mins) There are countless budgeting and money saving techniques and ideas that have been created and followed over the years. Some have gained a huge following and some are only relevant for select groups of people. More than 100 years ago, a budgeting system was created in Japan called 'Kakeibo'. Designed especially for targeting discretionary spending, it can still help people today in using some of the strategies... and ideas to improve their finances. Three of the top strategies from Kakeibo are: 1) Wait at least 24 hours before making a discretionary purchase, 2) Check your bank accounts regularly, 3) Don't be heavily influenced by sales and special offers. For all of these videos straight to your inbox, just click here to join our community: http://eepurl.com/he17bX #moneymanagement #savings #financialplanning

19.01.2022 Three Old School Mistakes That Can Hold Back Your Finances (2:32 mins) A big hurdle for many people when it comes to managing their money and finances is around their mindset. In this video we discuss three very common "old school" mentalities that often need a re-think in these modern times.... For all of our videos straight to your inbox, just click here to sign up: http://eepurl.com/he17bX

19.01.2022 A Great Article on Couples Working Together For Their Finances! Most of you probably know David Kochie Koch from Channel 7’s Sunrise program. Kochie got his start in the media as a finance journalist and he still does a lot to help people with their money. A recent article on his website on couples working together for their finances is a great read with some great tips to consider. ... Our favourite line from the article I reckon the biggest thing I’ve learnt in all my years as a finance journalist is people on average weekly wages who are disciplined with their money end up with more wealth than those earning three or four times as much but spend the lot. So true! You can read the full article here: https://www.ymyl.com.au/why-you-need-to-stick-together-as-/ #moneymanagement #financialplanning #personalfinance

19.01.2022 One of The Biggest Money Problems You Need To Know (1:39 mins) In this video I chat again to Michael Taylor from Specific Property about one of the biggest money problems I see, and that's how many people don't have a system in place for how they manage their money. It's a great time with only a couple of weeks left of 2019 to think about how you're managing your money, and if you need any assistance to speak to a financial planner about what you could be doing to have a grea...t 2020! #budgetingtips #financialplanning #moneymanagement

19.01.2022 The One Key Difference Between The Rich....and Everybody Else! (1:33 mins) A common quote used by Tony Robbins is that "success leaves clues". When it comes to those who create great wealth, there is one aspect that separates them from the general population - their focus on assets. Most people focus almost exclusively on the income they earn now and don't look at turning enough of that income into longer term assets that will work for them.... By speaking to a financial planner about where you are now and where you want to go, a switch to focusing more on your assets can set you up for the long term. For all of these videos straight to your inbox, just click here to join our community: http://eepurl.com/he17bX

19.01.2022 3 Great Ways To Adjust Your Finances In These Uncertain Times! (2:11 mins) There is no shortage of predictions and expectations of what is going to happen in the months ahead with the gradual easing of the COVID-19 restrictions we have all faced. While we have no control over the rules and their changes, we do have control over improving our finances to be ready for any further surprises ahead.... 3 Tips that could help you right now are: 1) Speak to your mortgage broker/bank about your interest rate paid on your mortgage for any reductions, 2) Understand your monthly expenses so you know how much you should put aside as savings, 3) Review how you manage your income and expenses and if there is room for further savings. Make sure you speak to your financial planner for all minor and major money management decisions. #financialplanning #moneymanagement #savingmoney

17.01.2022 Are You A HENRY With Your Money? (1:56 mins) We are seeing now more than ever how important it is to watch your money and have savings in place. Even people who earn good incomes though can still forget to put money aside and plan for their future.... They have been labelled HENRYs - High Earners Not Rich Yet! #financialplanning #moneygoals #fortune

17.01.2022 Great Article On How To Get A Money Strategy In These Tough Times! Every day there are reports of how so many individuals and families are struggling financially in these tough times, especially with their cashflow. Peter Switzer, financial commentator and television presenter, highlighted in a recent article how looking at your finances like a business owner can help you create and stick to your own money strategy.... His 4 Tips are: 1) Know your GOALS and write them down 2) Work out your PROCESSES for your money 3) Review your financial PRODUCTS for costs and benefits 4) Have an investment STRATEGY and stick to it Click the link for the full article. #money #financialplanning #cashflowmanagement #wealth https://au.news.yahoo.com/revamp-your-finances-how-to-get-a

16.01.2022 A Key Step To Take With Rising Property Prices! There has been quite a lot of media coverage of late about the rapidly rising property market here in Australia and what it means for the different sectors in our economy. While the Reserve Bank of Australia has again kept the official interest rate steady this month, they have noted they are watching the property market closely, with record low interest rates considered one factor helping the price rises to continue.... The rise in property prices can be frustrating for first home buyers trying to get in to the market so now more than ever, it’s important to get a proper savings plan in place to help build that deposit. For existing home owners, it’s also an important time now to get on top of managing the money as predictions are that the record low mortgage rates won’t last forever. Once rates do rise, people struggling to pay their mortgages now could be under real stress once costs rise. Regardless of where you sit right now, getting your money in order will help you to get on top of any excessive spending, allow you to see where you can save, and can give you an idea of what you can and can’t do when it comes to property prices and interest rates. #moneymanagement #financialplanning #propertyprices #savemoney

15.01.2022 2 Must-Know Trends on Share Market History (2:01 mins) The sharp falls in world share markets right now are causing panic and confusion for so many people. While every share market fall is different, there are some interesting trends that history can show us that might just help you in your decisions.... Make sure you speak to your financial planner for any questions or advice for your own situation. #financialplanning #financialadvice #sharemarket

12.01.2022 The Important Household Debt Research You Should Know! A recent article on the ABC's website highlighted a number of important research findings and predictions around household debt and financial stress since the start of the pandemic. According to the findings:... 1) The percentage of households in mortgage stress reached 37.5%, or 1.42 million households, 2) More affluent households are now experiencing financial pressures as incomes have dropped, 3) Experts are concerned about what will happen after September once the JobKeeper wage subsidy and mortgage repayment holidays are removed. Now more than ever is an important time to speak to your financial planner about having your finances in order to allow for any future reductions in income or changes to government subsidies. You can read the full article here: https://www.abc.net.au//covid-recession-mortgage-/12318274 #financialplanning #debtmanagement #financialadvice

11.01.2022 Two Common Fears With Money That Could Help You Today! Many people don't like to admit it, but money and finance can be a stressful topic that can either be put in the 'too hard basket' or can be a real trigger for worry and anxiety. There are a whole range of ways money and finance can cause stress for many people, with two of the most common areas being:... 1) Not knowing what could be done now to maximise their situation, 2) Fear of the unknown about having enough for retirement or worrying once in retirement if their money will last. It's very easy to push these concerns aside and not attempt to deal with the unknown, but like with many problems, not doing anything won't simply make the issues go away. Sitting down with a financial planner, mapping out your concerns, and getting advice or a plan in place, can go a long way to knowing what could be done now and how to improve your financial future. Click the link here to join the Your Money Minute for this content sent straight to your inbox: http://eepurl.com/he17bX #money #financialplanning #finance #wealth #moneymanagement

11.01.2022 Three Ways To Feel Comfortable About Your Financial Position! (2:00 mins) Earlier this year, a survey came out in Australia that looked at the cost of living and how much money people felt they needed in order to be comfortable (see the article link in the comments). Interestingly, even people in the highest income brackets expressed frustration and in some cases even anger, about the cost of living.... While everyone has slightly different financial positions and responsibilities, sometimes just stepping back and seeing where you are and what you've done already can help give you confidence to keep moving forward. Three tips that might help you now include: 1) Understanding it is very common that the more money people earn, the more they spend, 2) It can be very frustrating (and effectively pointless) to compare yourself to other people when it comes to your finances, 3) It's ok to enjoy your money and wealth, to both live for today and also plan for tomorrow. For advice that's appropriate for you, make sure to speak to your financial planner to get your money right now, to be able to map out your future! #financialplanning #money #wealth #moneymanagement

08.01.2022 3 Ways to Understand This Crazy Share Market (2:16 mins) Many people only focus on the price of their shares and investments and then panic whenever they see a big drop. There are a whole range of considerations to know with the share market though that might help you take a more long term view:... 1) If you sell out now, when do you actually get back in? 2) Whenever shares are cheap, you can buy more for the same price, 3) Don't forget shares pay an income too, much like rent with an investment property. As always, make sure you speak to your financial planner to get advice that is relevant for you. #financialplanner #financialadvice #investments

07.01.2022 Three Important Money Questions To Ask Now! There is a great quote from Tony Robbins who often says that "success leaves clues". When it comes to being successful in managing money, the opposite could be true that 'failure leaves clues' too as far as where people can go wrong. While no two individuals or couples will have identical financial circumstances to anyone else, there are 3 questions that can help people of all backgrounds and levels of wealth to potentially improve ...their money management: Ask yourself: 1) What are your goals? - Have you got a financial goal? - Have you broken it down? - How did you go in Quarter 1, 2021? 2) How are you managing your money now? - Have you got a workable system? - Can you easily follow your system? - Does your system ever break down? 3) Where do you think you go wrong? - What causes you to go off track? - Do you suffer from impulse buying? - Do you struggle to stick to a plan? By answering, and seeking financial advice to rectify these questions, it could help you to take a big step forward in moving ahead with your finances for the rest of 2021 and beyond. Click the link in the comments to join the Your Money Minute for free info and updates straight to your inbox! #financialplanning #moneymanagement #finances #savings

04.01.2022 A Great Article on New Year's Resolutions and Your Finances! As you probably know, at this time of the year many people make, and then break, their New Year's Resolutions. A great article on the ABC's website (see link) talks about how many of the most common resolutions are money related. Many people get serious about saving and getting their finances in order in January.....and by mid-February they are back to their old spending ways.... The benefits of having a financial coach to advise, direct and motivate you can work much like a personal trainer in a gym. If you find you keep abandoning your goals then trying something new and seeking advice, could make 2021 a big year for you! NOTE: You can join our e-newsletter community here too to get financial tips and content straight to your inbox: http://eepurl.com/he17bX #money #financeandeconomy #moneymanagement #personalcoaching #cashflowmanagement https://www.abc.net.au//is-it-time-to-get-a-finan/13048704

03.01.2022 3 Great Money Management Questions You Can Ask Now! (2:14 mins) There is never a perfect time to get your money in order, especially now with Christmas and the holidays fast approaching where spending often increases. In this video, I'm interviewed by Michael Taylor from Specific Property about some tips that people, especially those wanting to buy their first home or large investment, can potentially ask themselves about their money:... 1) Start with a budget - just to see what the starting point COULD be for any potential savings, 2) Look at your structure - do you have a workable system with all of your banking and accounts? 3) What is the goal - what do you want to achieve financially over the short and long term? If you are wanting help in managing your money, you can always speak to a financial planner who can help coach and advise you on the most appropriate recommendations for your situation. #financialplanning #moneymanagement #budgetingtip

01.01.2022 A Great Way To View The Share Market Ups and Downs! (1:36 mins) For many people, the constant rising and falling of the share market can stress them out as they watch their investments and super funds constantly change value every day. Rather than looking at the prices of shares rising and falling based on thousands of buyers and sellers each day, it might help if you take advice from the legendary investor Ben Graham and look at the share market as a fictitious individual ca...lled 'Mr. Market'. Mr. Market is effectively your business partner, and every day he shows up with offers to buy your shares or to sell him his shares. The part where you have to be careful though is that Mr. Market is highly emotional. Some days he is incredibly positive and will offer crazy prices to you and at other times he is deeply pessimistic with price offers to match. It's totally up to you how you deal with Mr. Market as you are under no obligation to ever take up his offers. You can listen to him and what he offers, but remember at times he can be downright irrational so don't ever let Mr. Market take advantage of you! #investments #financialplanning #moneymanagement #stockmarket

01.01.2022 How Much Money Do You Really Need To Be Comfortable? Earlier this year news.com.au released their latest Cost of Living survey to find out their readers' biggest money worries. Three of the more interesting (and maybe surprising) findings were:... 1) Many people earning more than $200,000 per year feel frustrated by the rising costs of living, 2) Less than half those surveyed have more than $5,000 in savings, 3) Many people earning more than double the average Australian income of $84,968 still don't think they're doing all that well. Now more than ever it is crucial for people of any income level to know HOW much they spend and to learn how to SAVE. You can read the full article here: https://www.news.com.au///caa1b7824144c2be213165c3cb6e168f #savings #moneymanagement #financialplanning