Blog Posts

Whether we like them or not, Buy Now Pay Later (BNPL) platforms have changed the way many Aussies pay for things, but do you even know what they are? In this blog I’m going to cover: How you can legally take something from a shop without paying for it. BNPL platforms - the new...

Filing for bankruptcy is a serious decision, and it is important that you are aware of the pros and cons of declaring bankruptcy before you make it. Understandably, no one wants to consider bankruptcy, as it can have a significant impact on your financial situation for several...

LOOKING FOR AN ESCAPE PLAN? 7 STEPS FOR MAKING IT WORK  Are you one of the millions of people in lock down in NSW or Victoria, feeling trapped in a small apartment with rowdy kids, or with housemates that are driving you crazy? Fed up with the uncertainty? Well, you’re not alone! A...

There’s no denying that the extended COVID-19 lockdowns being imposed, initially in Melbourne and Sydney, and now more regionally in NSW, thanks to the emergence of the highly infectious delta variant, are starting to bite. While this measure is integral for our health and safety,...

With a recent report stating that almost 1 in 4 people in Australia having some form of an adverse listing on their credit report, it’s not surprising that we are commonly asked if someone can get approved for finance with a bad credit history. So, if this is something you have...

A worldwide pandemic like COVID-19 will always dominate the news, however, there are many other hot topics that regularly make news headlines. In recent times think Olympics, elections, natural disasters, the royal family shenanigans – there is certainly no shortage of material for...

With months of being in lock down that’s to the Pandemic, More and more Aussie than before are keen to hit the road with vehicles. In an ABS recent figure care finance commitments have increased by 4.7 per cent in the month of May this has meant the total value of new commitments...

The COVID-19 pandemic has caused major widespread economic costs, significantly impacting economies across the world. In response, many Governments’ released stimulus packages to keep their economies alive. The Australian Government introduced it’s “HOMEBUILDER PROGRAM “. Who...

In September 2020 the Australian Government announced its intention that companies offering debt management and credit reporting assistance will be required to hold an Australian Credit Licence. Treasury provided the below summary for the rationale behind this: “An element of the...

Your credit rating can have a major impact on your ability to live the life of your dreams, but do you even know what it is? Most people don’t learn about their credit rating until it is too late, so in this blog I am going to share: What your credit rating is and how it is the same...

In recent blogs I've been talking a lot about investing in your money, but do you invest in your relationships? We can spend a lot of time dreaming about increasing our net worth but do we spend too much time focussing on the wrong set of assets? In today's blog we are going to look...

In previous blogs I have discussed the importance of setting goals (Check out the blog How to reach your goals faster). Yet are you wondering how you'll ever make enough money to achieve them? Well, this may surprise you... You don't have to have a huge income or win the lottery to...

Making money is more fun than losing it! Yet the biggest mistake that a person can make when it comes to investing is failing to even start, and it is the fear of making mistakes that contributes to this number one mistake. On the other hand, the second biggest mistake are those...

There's no doubt about it, saving money can be hard work. According to ME Bank, around 48% of us Aussies have less than $10,000 in savings (including savings accounts, term deposits and offset accounts). That includes fewer than 21% that have less than $1,000 in savings. But why is...

In the previous blog, we learnt that the worst investment we can make is exchanging our time for money. Instead, if we really want to live the lives of freedom we deserve, we need to pursue opportunities for other streams of income. We need to start making money while we sleep! But...

Have you ever wondered what is the best investment to make the most money? Well, there is a simple answer to this question, and it’s not what think!In this blog we are going to take a look at: What is a commodity? and what commodity is worth more than money? How have we all been...

Failing to accurately assess your personal levels of risk tolerance and risk capacity before throwing yourself into the investment ring can have a significant impact on your investment decisions and subsequent outcomes, yet not many people consider these until it’s too late. In this...

Asset allocation is one of the most important decisions that an investor will make for their financial future. If financial freedom is one of your goals (and let's be honest, who doesn't have that as a goal?), then you're going to want to make sure your money is working for you....

According to studies, a staggering 92% of people fail to achieve their goals. We all have goals and things we want to achieve in our lifetime. But wishful thinking alone won’t get you there. Taking control of your finances and making a plan for your money is the best way to ensure...

Less than 20% of Australian's have a financial plan, yet it is reported that 63% of people with a written financial plan say they feel financially stable, compared to only 28% of those without a plan. Put simply, a financial plan is an overview of your goals and the steps you need...

Feeling broke sucks, owing money sucks. Isn't it time you stopped simply surviving and started living the dream? Everyone has different dreams, and likewise financial freedom looks different to everyone, but the pathway to financial freedom is pretty consistent. In this blog we are...

Did you know that, by February, the failure rate of people that set New Year's resolutions is 80%? That's right, only 1 in 5 people manage to stick to their resolutions within the first month! This is no state secret. In fact, it's been used against us for some time. The cigarette...

“7 million Aussies are losing sleep because of financial concerns” – Spaceship Australia now has the second largest household debt to income ratio in the world, meaning that for every $100 in income, the average Australian household owes $185. Headlines like the above are easy to...

Why do 96% of businesses fail within 10 years? Because they can’t pay their bills. In this blog we are going to tell you how your business credit score can help you improve your cashflow and manage your business debt. Do you even know you have a business credit score? According to a...

No one could have predicted 2020, but what we do know is that Christmas will be on the 25th of December. However, there’s no denying that we’ve had bigger things to worry about this year than the coming Christmas period, which is bearing down on us faster than a freight train. So,...

Understandably, no one wants to consider bankruptcy, as it can have an effect on your financial situation for several years. However, most people that file for bankruptcy usually find themselves stronger and more financially stable on the other side of it. Remember that classic...

When your debt only seems to increase, living life can become stressful and frustrating, you can’t sleep at night and your relationships are affected. One common emotion is feeling hopeless. You might feel like there’s nothing you can do right now to make progress on clearing your...

If you’re like more than half the adult population, every year, you make a New Year’s resolution to get your finances in order. That’s a great start, but unless you do things differently from what you’ve done up till now, why should anything change? But if you change your mindset...

Budgets? So boring! If you’re anything like me in the past you’ve written one before and promptly forgot about it or realised it was totally unrealistic and given up before you even got started. But as boring as budgets are, they can be the difference between sharing a can of baked...