10 Reasons Why You Should Love Super

Superannuation immage

Australia has a great superannuation system. In fact it is arguably the best in the world. Unfortunately many Australians do not know how good it is, so this article is going to highlight some of the benefits.

The very first thing to understand is that superannuation is not an investment. It is much more appropriate to think of superannuation simply a tax shelter or a trust structure. And as such anyone who states that “super is a bad investment” is misguided and should instead be saying “what I invested my super in was a bad investment”. (more…)

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The Importance Of Budgeting

As a Financial Planner there is one thing I consider to be the most important starting point for anyone wishing to plan for their future. It sounds exciting, but I’m afraid it’s not. It’s actually pretty boring, and tedious; which is perhaps why so few people actually do it… budgeting.

Something most people would prefer they didn’t have to do, maybe because the results aren’t what we want them to be, or maybe because we think it will be too complicated, time consuming or just confusing. However in order to maximise your financial position it is essential. Personal finances need to be run like an efficient business; we need to know how much income and expenses are actually occurring in our lives. Budgeting will then allow us to identify which expenses, if any, can be cut back.

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