by Fran | Jul 29, 2019 | Investing, Mindset, Planning, Property, Retirement, Superannuation
Do you need a Self-Managed Superannuation Fund (SMSF) …or do you just WANT one? SMSF’s are an absolute boom industry in Australia. There are around 600,000 of them operating and well over a million members involved in them. So, are they a good idea?...
by Lacey | May 14, 2019 | Property, Relationships
Relationship breakdowns can be devastating emotionally, as anyone who’s been through it knows. Then, just when you’re at your most fragile and vulnerable, you have to deal with unravelling your finances. This is where we learn that 1÷2 ≠ 0.5, even though we wish it...
by Lacey | Nov 8, 2018 | Borrowing and Debt, Debt, Negotiation, Property
Last month, a reminder in my phone told me it was that time of year again: time to ask for a rate reduction on my mortgages (I have three). I got to work. Yesterday I got a call from the bank, telling me I’d received 0.25% drop on all rates. On my home alone,...
by Lacey | Nov 20, 2017 | Debt, Property
Once every six months or so, my husband brings up paying off a chunk of our mortgage in a lump sum and I argue in favour of the offset account. The discussion that ensues is a well-rehearsed dance: Me: “But if we pay off a lump sum, if we need that cash we’ll have to...
by Lacey | Aug 8, 2017 | Property, Retirement, Superannuation
Hands down the most common question asked in our recent ‘Women and Superannuation’ seminars for Department of Local Government and Communities is: “I have some extra income at the moment. Should I use it to pay off my mortgage or put it into...
by Lacey | Sep 7, 2016 | Debt, Property, Uncategorized
Just like in Monopoly, you have to be holding the investment property to earn an income from it. If you plan to sell quick, there’s a good chance you’ll lose. I’ve got a great example of this in practice for you. Yesterday I got a message from a real estate...