Thursday, 10 December 2009
6.45pm for a 7.00pm start
Nicole Morrell, Investment Specialist, Perennial Partners
Clive Bancroft – Australian Property Masters
What a year 2009 has been! Join us at the final event for the year.
Nicole Morrell, Investment Specialist at Perennial Partners will revise the year that was for our equity markets, and look to 2010 to address 10 key issues regarding how the Australian equities market could behave in the new year.
Clive Bancroft from Australian Property Masters will highlight significant market activity for Australian Property Market in 2009 and the affect it may have on the outlook for 2010. Clive will cover the main areas of consideration for existing property investors and those wishing to enter the market in 2010.
This event will provide an insight into the year ahead, so don’t miss it! The information delivered at this event is vital for your future investment decisions.
Free for Wealthyfrog Members and welcoming attendees @ $20 per person (payable at the door). We look forward to seeing you at this exciting event! Don't miss out!
Registration Link: http://bit.ly/20iQIE
About us
- Wealthyfrog
- Brisbane, Queensland, Australia
- Financial Planning is great once you have the money and accountants are great with your tax – BUT how do you get wealthy in the first place ? It's a new spin on creating wealth for the new generation... and yes, it's easy when you know how... Imagine it, a place you can go to create your wealth. A place where you get your own mentor, not a salesperson. Your mentor is an investor too and only has you in mind. Someone you can call or email anytime you need to when making financial decisions. Naturally, you would want to know more right? Wealthyfrog AFSL Pty Ltd AFSL 276895 ACN 101 092 228
Thursday, November 26, 2009
Monday, October 26, 2009
How to renovate property for financial gain - the easy way! Wednesday 28 October 2009, 6.45pm - 9.00pm Guest Speaker: Jane Eyles-Bennett – Hot Spac
Renovating for profit is a very popular investment strategy for those who can do the handy work themselves - but is there a better way?
Watch what you will learn at this event here 
Come to this event and be inspired about your next renovation - whether it's to spruce up your home or turn a profit to continue investing.
Jane Eyles-Bennett comes to us with a world of experience in renovating for profit and will help you discover how to:
- Create a ‘designer style’ property regardless of your budget
- Increase the value of your property dramatically
- Carry out a low risk, budget conscious, cosmetic renovation that makes you money
- Sell or rent your property faster and for more money
- Renovate your property swiftly, smoothly and easily
- Make a ‘smoking’ profit from your renovation
- Modernise your property dramatically
Free for Wealthyfrog Members and Welcoming Guests @ $20 per person (payable at the door). We look forward to seeing you at this exciting event! Don't miss out! This event has limited seating.
Location Details:
Cnr Latrobe & Given Terraces Paddington
Entry off: Given Terrace
Thursday, September 3, 2009
PROPERTY TWIST EVENT
Wednesday
23 Sep 2009
6.45pm - 9.00
Brisbane Worker's Community Centre, Paddington
Address: 2 Labtrobe Terrace
Location: Rear of 2 Latrobe Terrace - cnr Given Terrace & Latrobe Terrace
Entry: Off Given Terrace via carpark
Parking: At venue or 2 hour street parking on Latrobe Terrace & Given Terrace
Google Map: http://bit.ly/RlaCL
Justin bio
www.thewebconsole.com/process/articlesView.php?articleId=8616
"Property deals with a profitable twist are definitely out there, you just need to know how to find them!" Justin Eslick
We all know the deals are out there, but how do we find and secure them? Guest Speaker, Justin Eslick's earliest and childhood memories are of property renovations and building sites which he regularly visited with his father Paul Eslick (one half of the Reno Kings). Register me now!
Since then, he's worked professionally on both sides of the fence, as an Investor, Developer, and as a Buyer's Agent. Justin merges his unique research, acquisition skills and experience into an energetic and informative workshop designed to help you make better property investments.
Justin will share his secrets with you at this very special event. Come and hear it from the best! You will learn the following:
- Top 10 Tips to Discovering Bargains
- 5 Ways to Beat the Agent and Buy Better
- Town Planning Secrets
FREE for Wealthyfrog Clients, and welcoming Wealthyfrog Guests @ $20 per person (payable at the door). We look forward to seeing you at this exciting event! Don't miss out! This event has limited seating.
Register Here: https://www.thewebconsole.com/process/myevents/eventDetails.php?evId=2827
PS: Have you got your FREE copy of 6 Steps to Financial Freedom e-book yet? Click here to get your copy now... http://www.6steps2financialfreedom.com/
23 Sep 2009
6.45pm - 9.00
Brisbane Worker's Community Centre, Paddington
Address: 2 Labtrobe Terrace
Location: Rear of 2 Latrobe Terrace - cnr Given Terrace & Latrobe Terrace
Entry: Off Given Terrace via carpark
Parking: At venue or 2 hour street parking on Latrobe Terrace & Given Terrace
Google Map: http://bit.ly/RlaCL
Justin bio
www.thewebconsole.com/process/articlesView.php?articleId=8616
"Property deals with a profitable twist are definitely out there, you just need to know how to find them!" Justin Eslick
We all know the deals are out there, but how do we find and secure them? Guest Speaker, Justin Eslick's earliest and childhood memories are of property renovations and building sites which he regularly visited with his father Paul Eslick (one half of the Reno Kings). Register me now!
Since then, he's worked professionally on both sides of the fence, as an Investor, Developer, and as a Buyer's Agent. Justin merges his unique research, acquisition skills and experience into an energetic and informative workshop designed to help you make better property investments.
Justin will share his secrets with you at this very special event. Come and hear it from the best! You will learn the following:
- Top 10 Tips to Discovering Bargains
- 5 Ways to Beat the Agent and Buy Better
- Town Planning Secrets
FREE for Wealthyfrog Clients, and welcoming Wealthyfrog Guests @ $20 per person (payable at the door). We look forward to seeing you at this exciting event! Don't miss out! This event has limited seating.
Register Here: https://www.thewebconsole.com/process/myevents/eventDetails.php?evId=2827
PS: Have you got your FREE copy of 6 Steps to Financial Freedom e-book yet? Click here to get your copy now... http://www.6steps2financialfreedom.com/
Tuesday, September 1, 2009
Smart Money Workshop
SMART MONEY EVENT
Wednesday, 16 September 2009
6.45pm for 7.00pm start
Brisbane Worker's Community Centre, Paddington
Address: 2 Labtrobe Terrace
Location: Rear 2 Latrobe Tce, cnr Given Tce & Latrobe Tce
Entry: Off Given Terrace via carpark
Parking: At venue or 2 hour street parking
Google Map
Registration Link: Click Here
Learn how to make your money work for you, so you can rest assured you are on the path to financial freedom that's right for you.
Money is an essential part of life, but if you are not managing what you have with a plan, saving regularly and investing it wisely - then it isn't working for you!
Join us for this interactive Workshop and discover how you can get get on top of your money using our proven wealth building strategies.
Learn the tools for good money management - what definitely works (and more importantly what doesn't work!) and how to protect your money in today's economy.
We will also be discussing the importance of having goals, having a strategy that you stick to, how to get started and stay on track.
Suitable for people from all walks of life, this seminar will expand your knowledge about money, raise your awareness about your potential and empower you to take control of your financial future.
Limited to just 40 people and at just $20 per person at the door or $30 per couple (bring a friend!) - it's great value! Avoid disappointment and BOOK NOW...
Wednesday, 16 September 2009
6.45pm for 7.00pm start
Brisbane Worker's Community Centre, Paddington
Address: 2 Labtrobe Terrace
Location: Rear 2 Latrobe Tce, cnr Given Tce & Latrobe Tce
Entry: Off Given Terrace via carpark
Parking: At venue or 2 hour street parking
Google Map
Registration Link: Click Here
Learn how to make your money work for you, so you can rest assured you are on the path to financial freedom that's right for you.
Money is an essential part of life, but if you are not managing what you have with a plan, saving regularly and investing it wisely - then it isn't working for you!
Join us for this interactive Workshop and discover how you can get get on top of your money using our proven wealth building strategies.
Learn the tools for good money management - what definitely works (and more importantly what doesn't work!) and how to protect your money in today's economy.
We will also be discussing the importance of having goals, having a strategy that you stick to, how to get started and stay on track.
Suitable for people from all walks of life, this seminar will expand your knowledge about money, raise your awareness about your potential and empower you to take control of your financial future.
Limited to just 40 people and at just $20 per person at the door or $30 per couple (bring a friend!) - it's great value! Avoid disappointment and BOOK NOW...
Monday, June 8, 2009
Have you been frogged?
If you've been frogged, it means that you have been touched by Wealthyfrog and are starting to realise the potential of your financial future....
Saturday, June 6, 2009
Property SWOT and End of Financial Year Party
Thursday 25 June 2009 - 6.45 pm
Brisbane Worker's Community Centre
What are the strengths, weaknesses, opportunities and threats in the current property market?
Whether you are a first home buyer, investor or homeowner - your next move in property needs to be the right one!
The experts at Morpheus Property offer a market overview that will cover the state of the property market Australiawide with a focus on Brisbane.
We will also be celebrating the end of the Financila Year see you there!
Brisbane Worker's Community Centre
What are the strengths, weaknesses, opportunities and threats in the current property market?
Whether you are a first home buyer, investor or homeowner - your next move in property needs to be the right one!
The experts at Morpheus Property offer a market overview that will cover the state of the property market Australiawide with a focus on Brisbane.
We will also be celebrating the end of the Financila Year see you there!
Friday, June 5, 2009
Wealthyfrog is hitting the street...
Wealthyfrog is coming to the streets of Brisbane City next Wednesday morning...
Sunday, May 17, 2009
Fund managers are an expensive luxury paid for from your pocket!
"Most investors, both institutional and individual, will find that the best way to own common stocks ("shares") is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals." - Warren Buffett, Berkshire Hathaway letter to shareholders 1996
So what is an index fund? It is an investment fund that is managed to track a particular sharemarket index, and so provide a very similar return that would be achieved from an investment in every company that is represented in the index.
An index fund is considered a passive fund, which differs from an actively managed fund that attempts to outperform the index. However, active funds employ teams of highly-paid analysts in their pursuit of outperforming their particular index, and as a consequence the fees that are paid out of investor’s funds are much higher.
Active management fees range from 1 - 2% pa of the capital that you invest, and a further 2 - 4% in commission is paid to the Financial Planner who helps you get into them. This means that you would need to earn a return of at least 3 – 6% on your funds in the first year just to break even!
The question that arises is whether you are receiving true value, or indeed a better return on your investment, from paying these extra charges in an actively managed fund?
Research has shown that less than 20% of fund managers will outperform the overall market in any given year, and those top-performing fund managers are not the same from year to year. Therefore investing in one of last years winners makes it unlikely that they will outperform the market again this year or next.
It is therefore almost impossible to consistently beat the index. Warren Buffett has said: “Cheap tracker funds will beat most managed funds over the long term.”
So if managed funds don’t regularly outperform the index, why not go straight to the source and buy an index fund direct? Here are some good reasons to buy an index fund:
• It takes the pressure off your expectations – slow and steady proves itself time and time again
• It’s cheaper to invest, it costs you just 0.3% of your invested capital or less in some cases
• Takes the stress out making individual investment decisions
• You can invest in them without having to go through a financial planner
• Index funds deliver better returns than most actively managed funds
Paying unnecessary fees for no additional benefit is not a good strategy in anyone’s book. These fees come out of your capital before your funds are invested. Why pay for expertise when there is not a long term consistent result. Reducing the drain of fees on your investment capital will have a compounding effect over the long term, making a difference of tens or hundreds of thousands of dollars in your retirement capital.
Of course, unless you have been investing for a while and have access to impartial research, you probably haven't heard about index funds before. This is because index funds are rarely advertised, rarely make the top of the performance tables over a short period of time, and since they generally don’t pay commissions, they are not considered by financial planners and advisers.
There is a whole series of index funds listed on the Australian Stock Exchange, which can be purchased for only the cost of normal share brokerage. These funds track the Australian S&P 200, as well as international indexes such as the American S&P 500, and the Global 100, Asia 50, Euro 350, and Emerging Market indices.
Things you can do in conjunction with your Financial Coach
• Research investment options that suit you
• Develop your investment strategy and then stick with it
• Consider starting with an index fund as the core of your portfolio
• Take action today!
What you can do today to make a start:
• Look for alternatives to managed funds
• Consider exchange traded funds and listed investment companies (another avenue to invest in the index)
• Check out www.asx.com.au
• Work with your wealth coach or a mentor
“Disclaimer” Although every effort has been made to verify the accuracy of the information contained in this material, Wealthyfrog AFSL Pty Ltd, its officers, representatives, employees and agents (“Wealthyfrog”) disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this material or any loss or damage suffered by any person directly or indirectly through relying on this information. Wealthyfrog has no associations with the financial product(s) or service(s) mentioned in this material. “General Advice Warning”. This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product. Richard Starr is an authorised representative of Wealthyfrog AFSL Pty Ltd, Authorised Representative number 296825. Wealthyfrog AFSL Pty Ltd; AFSL 276895; ACN 101 092 228 www.wealthyfrog.com.au
Copyright © 2009 Wealthyfrog. All Rights Reserved
Background information:
Wealthyfrog provides neutral, unbiased and independent expert financial coaching geared towards helping people achieve financial freedom for life. Wealthyfrog does not sell any investments and has no bias to any particular investment area or strategy.
For more information and Media Kit:
Claire Grlj - 0401 439 612
claire.grlj@wealthyfrog.com.au
www.wealthyfrog.com.au
If you would like to use this article in your own publication, permission is granted ONLY if you include the following copy in its entirety at the foot of the article:
If you're ready to take control of your finances no matter where you are now, please visit www.wealthyfrog.com.au to get your FREE e-book entitled “6 Steps to Financial freedom”.
“Other advice warning” Before acting on any of the information included in this article please seek professional financial advice. This article was re-produced with the permission of Wealthyfrog AFSL Pty Ltd; AFSL 276895; ACN 101 092 228. Richard Starr is an authorised representative of Wealthyfrog AFSL Pty Ltd, Authorised Representative number 296825. Copyright © 2009 Wealthyfrog. All Rights Reserved
So what is an index fund? It is an investment fund that is managed to track a particular sharemarket index, and so provide a very similar return that would be achieved from an investment in every company that is represented in the index.
An index fund is considered a passive fund, which differs from an actively managed fund that attempts to outperform the index. However, active funds employ teams of highly-paid analysts in their pursuit of outperforming their particular index, and as a consequence the fees that are paid out of investor’s funds are much higher.
Active management fees range from 1 - 2% pa of the capital that you invest, and a further 2 - 4% in commission is paid to the Financial Planner who helps you get into them. This means that you would need to earn a return of at least 3 – 6% on your funds in the first year just to break even!
The question that arises is whether you are receiving true value, or indeed a better return on your investment, from paying these extra charges in an actively managed fund?
Research has shown that less than 20% of fund managers will outperform the overall market in any given year, and those top-performing fund managers are not the same from year to year. Therefore investing in one of last years winners makes it unlikely that they will outperform the market again this year or next.
It is therefore almost impossible to consistently beat the index. Warren Buffett has said: “Cheap tracker funds will beat most managed funds over the long term.”
So if managed funds don’t regularly outperform the index, why not go straight to the source and buy an index fund direct? Here are some good reasons to buy an index fund:
• It takes the pressure off your expectations – slow and steady proves itself time and time again
• It’s cheaper to invest, it costs you just 0.3% of your invested capital or less in some cases
• Takes the stress out making individual investment decisions
• You can invest in them without having to go through a financial planner
• Index funds deliver better returns than most actively managed funds
Paying unnecessary fees for no additional benefit is not a good strategy in anyone’s book. These fees come out of your capital before your funds are invested. Why pay for expertise when there is not a long term consistent result. Reducing the drain of fees on your investment capital will have a compounding effect over the long term, making a difference of tens or hundreds of thousands of dollars in your retirement capital.
Of course, unless you have been investing for a while and have access to impartial research, you probably haven't heard about index funds before. This is because index funds are rarely advertised, rarely make the top of the performance tables over a short period of time, and since they generally don’t pay commissions, they are not considered by financial planners and advisers.
There is a whole series of index funds listed on the Australian Stock Exchange, which can be purchased for only the cost of normal share brokerage. These funds track the Australian S&P 200, as well as international indexes such as the American S&P 500, and the Global 100, Asia 50, Euro 350, and Emerging Market indices.
Things you can do in conjunction with your Financial Coach
• Research investment options that suit you
• Develop your investment strategy and then stick with it
• Consider starting with an index fund as the core of your portfolio
• Take action today!
What you can do today to make a start:
• Look for alternatives to managed funds
• Consider exchange traded funds and listed investment companies (another avenue to invest in the index)
• Check out www.asx.com.au
• Work with your wealth coach or a mentor
“Disclaimer” Although every effort has been made to verify the accuracy of the information contained in this material, Wealthyfrog AFSL Pty Ltd, its officers, representatives, employees and agents (“Wealthyfrog”) disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this material or any loss or damage suffered by any person directly or indirectly through relying on this information. Wealthyfrog has no associations with the financial product(s) or service(s) mentioned in this material. “General Advice Warning”. This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product. Richard Starr is an authorised representative of Wealthyfrog AFSL Pty Ltd, Authorised Representative number 296825. Wealthyfrog AFSL Pty Ltd; AFSL 276895; ACN 101 092 228 www.wealthyfrog.com.au
Copyright © 2009 Wealthyfrog. All Rights Reserved
Background information:
Wealthyfrog provides neutral, unbiased and independent expert financial coaching geared towards helping people achieve financial freedom for life. Wealthyfrog does not sell any investments and has no bias to any particular investment area or strategy.
For more information and Media Kit:
Claire Grlj - 0401 439 612
claire.grlj@wealthyfrog.com.au
www.wealthyfrog.com.au
If you would like to use this article in your own publication, permission is granted ONLY if you include the following copy in its entirety at the foot of the article:
If you're ready to take control of your finances no matter where you are now, please visit www.wealthyfrog.com.au to get your FREE e-book entitled “6 Steps to Financial freedom”.
“Other advice warning” Before acting on any of the information included in this article please seek professional financial advice. This article was re-produced with the permission of Wealthyfrog AFSL Pty Ltd; AFSL 276895; ACN 101 092 228. Richard Starr is an authorised representative of Wealthyfrog AFSL Pty Ltd, Authorised Representative number 296825. Copyright © 2009 Wealthyfrog. All Rights Reserved
Monday, April 13, 2009
Personal money management at all time lows
13 April 2009
Personal money management at all time lows
Queenslander’s personal money management is at all times lows, there are a number of things that can be done to improve this that will have a positive impact if started today.
Spending money is an issue we face daily as we spend money every day and the stress of living in the current climate of economic uncertainty and rising costs are fuelling our bad money habits.
Wealthyfrog Wealth Coach Richard Starr says “people believe that if they could just earn more money they could make ends meet or if they could get a pay rise they would catch up.”
”Invariably if we earn more, we spend more – bottom line is it doesn’t matter how much you earn, it’s what you do with what you earn that counts.” says Mr Starr.
Mr Starr’s research suggests that 40% of people spend all of their income. 50% spend more than they earn – eating into credit cards and home equity to support lifestyle and that less than 10% actively save and invest. Less than 3% actually have a well defined plan and purpose for their money.
“Most are unaware of the price tag for their current lifestyle and need to “get real” and “separate themselves” from bad money management. What’s required is an ongoing commitment to a personal money improvement project including self education, action and planning.” Mr Starr stated.
“If we don’t identify surplus cash flow, capture it and use it, we will never get ahead – if you can’t manage your personal money habits, you can’t manage investments” Mr Starr says, “and your investments are what will change your future if you start and nurture them today”.
Mr Starr suggests that there’s a number of things you can do to manage money better that are simple and effective.
“Start a money diary and take account of spending – yes every day! The results may surprise you. Identify the areas that are sucking up your cash flow and then address them.
Break down your lifestyle costs into day to day living, fixed bills, holidays and mortgages and there should be some surplus there – if not, you need to create some. You only have two choices – you either earn more or spend less. Once you have created the surplus income, what do you do with it? Some ideas are:
• Pay down non-deductible debt first
• Start a savings plan or put it into a mortgage offset account
• Start accumulating invested assets that will produce a return
• Seek professional advice about your long term planning
• Be deliberate and have a purpose
• Commit to ongoing education, sign up to newsletters that provide regular information
Make a “note to self” – this can be an enjoyable and rewarding process and stick with it, as Lao Tzu said "The journey of a thousand miles starts with a single step.".
Try this to get you started – get your free copy of 6 Steps to Financial Freedom. This e-book is available at www.6steps2financialfreedom.com.
The live event is being on 5 May 2009 at the Brisbane Worker’s Community Centre in Paddington, Brisbane. Register here...
Background information:
Wealthyfrog provides neutral, unbiased and independent expert financial coaching geared towards helping people achieve financial freedom for life. Wealthyfrog does not sell any investments and has no bias to any particular investment area or strategy.
For more information and Media Kit:
Claire Grlj - 0401 439 612
claire.grlj@wealthyfrog.com.au
www.wealthyfrog.com.au
“Disclaimer” Although every effort has been made to verify the accuracy of the information contained in this material, Wealthyfrog AFSL Pty Ltd, its officers, representatives, employees and agents (“Wealthyfrog”) disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this material or any loss or damage suffered by any person directly or indirectly through relying on this information. Wealthyfrog has no associations with the financial product(s) or service(s) mentioned in this material. “General Advice Warning”. This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product. Richard Starr is an authorised representative of Wealthyfrog AFSL Pty Ltd, Authorised Representative number 296825. Wealthyfrog AFSL Pty Ltd; AFSL 276895; ACN 101 092 228 www.wealthyfrog.com.au
Copyright © 2009 Wealthyfrog. All Rights Reserved
If you would like to use this article in your own publication, permission is granted ONLY if you include the following copy in its entirety at the foot of the article:
If you're ready to take control of your finances no matter where you are now, please visit www.wealthyfrog.com.au to get your FREE e-book entitled “6 Steps to Financial freedom”.
“Other advice warning” Before acting on any of the information included in this article please seek professional financial advice. This article was re-produced with the permission of Wealthyfrog AFSL Pty Ltd; AFSL 276895; ACN 101 092 228. Richard Starr is an authorised representative of Wealthyfrog AFSL Pty Ltd, Authorised Representative number 296825. Copyright © 2009 Wealthyfrog. All Rights Reserved
Personal money management at all time lows
Queenslander’s personal money management is at all times lows, there are a number of things that can be done to improve this that will have a positive impact if started today.
Spending money is an issue we face daily as we spend money every day and the stress of living in the current climate of economic uncertainty and rising costs are fuelling our bad money habits.
Wealthyfrog Wealth Coach Richard Starr says “people believe that if they could just earn more money they could make ends meet or if they could get a pay rise they would catch up.”
”Invariably if we earn more, we spend more – bottom line is it doesn’t matter how much you earn, it’s what you do with what you earn that counts.” says Mr Starr.
Mr Starr’s research suggests that 40% of people spend all of their income. 50% spend more than they earn – eating into credit cards and home equity to support lifestyle and that less than 10% actively save and invest. Less than 3% actually have a well defined plan and purpose for their money.
“Most are unaware of the price tag for their current lifestyle and need to “get real” and “separate themselves” from bad money management. What’s required is an ongoing commitment to a personal money improvement project including self education, action and planning.” Mr Starr stated.
“If we don’t identify surplus cash flow, capture it and use it, we will never get ahead – if you can’t manage your personal money habits, you can’t manage investments” Mr Starr says, “and your investments are what will change your future if you start and nurture them today”.
Mr Starr suggests that there’s a number of things you can do to manage money better that are simple and effective.
“Start a money diary and take account of spending – yes every day! The results may surprise you. Identify the areas that are sucking up your cash flow and then address them.
Break down your lifestyle costs into day to day living, fixed bills, holidays and mortgages and there should be some surplus there – if not, you need to create some. You only have two choices – you either earn more or spend less. Once you have created the surplus income, what do you do with it? Some ideas are:
• Pay down non-deductible debt first
• Start a savings plan or put it into a mortgage offset account
• Start accumulating invested assets that will produce a return
• Seek professional advice about your long term planning
• Be deliberate and have a purpose
• Commit to ongoing education, sign up to newsletters that provide regular information
Make a “note to self” – this can be an enjoyable and rewarding process and stick with it, as Lao Tzu said "The journey of a thousand miles starts with a single step.".
Try this to get you started – get your free copy of 6 Steps to Financial Freedom. This e-book is available at www.6steps2financialfreedom.com.
The live event is being on 5 May 2009 at the Brisbane Worker’s Community Centre in Paddington, Brisbane. Register here...
Background information:
Wealthyfrog provides neutral, unbiased and independent expert financial coaching geared towards helping people achieve financial freedom for life. Wealthyfrog does not sell any investments and has no bias to any particular investment area or strategy.
For more information and Media Kit:
Claire Grlj - 0401 439 612
claire.grlj@wealthyfrog.com.au
www.wealthyfrog.com.au
“Disclaimer” Although every effort has been made to verify the accuracy of the information contained in this material, Wealthyfrog AFSL Pty Ltd, its officers, representatives, employees and agents (“Wealthyfrog”) disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this material or any loss or damage suffered by any person directly or indirectly through relying on this information. Wealthyfrog has no associations with the financial product(s) or service(s) mentioned in this material. “General Advice Warning”. This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product. Richard Starr is an authorised representative of Wealthyfrog AFSL Pty Ltd, Authorised Representative number 296825. Wealthyfrog AFSL Pty Ltd; AFSL 276895; ACN 101 092 228 www.wealthyfrog.com.au
Copyright © 2009 Wealthyfrog. All Rights Reserved
If you would like to use this article in your own publication, permission is granted ONLY if you include the following copy in its entirety at the foot of the article:
If you're ready to take control of your finances no matter where you are now, please visit www.wealthyfrog.com.au to get your FREE e-book entitled “6 Steps to Financial freedom”.
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