Displaying items by tag: stuff you need to know

COVID-19 & Life Insurances FAQs

Here's our most frequently asked questions by clients about Life Insurance policies, COVID-19 and vaccinations

FAQs about Life Insurance policies and COVID-19 in Australia

Australia is now in the middle of the COVID-19 pandemic and learning to live and work with lockdowns and public health orders.

With rolling lockdowns and much general uncertainty ahead, as we race towards the nation's next mass vaccination target, it's only natural people are looking for certainty and asking important questions about 'whether COVID-19 affects their life insurance policies in any way?'

Many of our clients have got in touch with questions about cover and how pending vaccinations might affect their rights to cover or a claim in the future.

Well we have some good news to share.

Here are some of the most frequently asked questions we’ve received about life insurances and COVID-19 and COVID-19 Vaccinations.

Published in Blog

The Australian mortgage market today has a range of bank and non-bank mortgage providers all competing for your mortgage business.

While this level of competition can result in competitive interest rates, there’s still a misconception about whether a non-bank is as safe as a bank when it comes to your mortgage.

So it makes sense to understand the basics of how a mortgage contract works, how a bank and a non-bank mortgage provider makes money from a mortgage contract and what happens if your mortgage provider goes bankrupt.

Published in Blog
Tagged under

Teaching your kids to save is child's play

As parents we're constantly looking for ways to teach our kids. Whether that's through sharing our own culture, our beliefs and our understanding of how the world works or unconsciously by what we do, it seems that nothing teaches an impressionable mind, like watching.

But simply talking about savings money, can feel like a drag.

It's so important to remember that what and how we teach our children about money when they are young, will impact on their financial future. It's our responsibility to raise money smart kids.

Published in Blog

Three high-stakes risks of being a Sole Trader

Most people going into business for themselves cite a desire to provide more opportunities for their family and greater personal freedom.

But working for yourself involves more personal decisions, greater risks and depending upon your business structure, greater personal liability.

And if you're making this decision based simply on cost alone, this is the question you need to answer, ‘What could possibly go wrong?’

Published in Blog

Now that 2020 is behind us, it's time to check in on the emotional and financial damage suffered by the millions of Australians affected by COVID-19.

Job losses for some, reduced work hours for others, still others forced into early retirement - ready or not - many small businesses surviving one month at a time and families trying to make sense of lockdowns and restrictions - it’s safe to say there will be many COVID-19 flow on effects yet unseen.

We’ll all need to work through in some way.

Published in Blog

So how do you actually start setting financial goals?

By now you’ve had a chance to read the ‘thinking’ part of making financial goals and decisions, it's time to start the ‘doing’.

It's no secret the COVID19 pandemic has hurt many Australians and has either derailed many of us from our financial goals or has forced us to re-prioritise our current situation.

With historically unusually low interest rates, many Australians are now prioritising their debt and looking for strategies to consolidate and pay down credit card debt much faster than they previously had planned.

This is a great step, but how do we make sure it's just not just another stand-alone opportunity to take and miss the chance to pause and refocus our thinking about what we all actually want to be doing?

Published in Blog

Thinking about setting some financial goals this year?

Sounds simple enough right? But simple doesn't always mean easy

When it comes to managing our personal debts and credit cards, savings and investing, many people are quick to look for a sequence of simple steps to follow (or a three minute blog to read) to achieve what can usually be a complex outcome.

If a fast solution isn’t found, ‘it's obviously the wrong option’ so we quickly browse on elsewhere looking for that dopamine hit of ‘New’ and never really get to where we need to go.

Published in Blog

What happens when business owners use their own money in the business?

Most small to medium business owners will tell you they went into business so they could provide for their family, in greater flexibility and free time, increased resources and a legacy.

Like most long term plans, building a self sustaining business takes time; time to mature, time to stabilise in the market and time to return the capital invested.

To achieve this, the majority of business owners use debt and overdraft facilities as an ongoing business tool.

And these types of tools can quickly work against you and your family if you're unprepared.

Published in Blog

#StuffYouNeedToKnow series

We all have to learn how to use financial tools to our advantage to get ahead in our financial life. 

Learning how to use key financial tools is one of the habits of wealthy people… not learning how to use those same financial tools, are often the habits of people who don’t get ahead.

Published in Blog

Do you get paid Super on your overtime?

Well, the answer is usually no, but also that depends.

Your superannuation is your forced savings for your retirement, so it’s important to understand these two key features:

  • How much Super are you being paid?
  • How is it actually calculated when it comes to commissions, bonuses, overtime and back pay?
Published in Blog

Understanding how to use an offset account can help you pay off your home loan faster

Your home loan is probably the biggest financial commitment you'll make in your lifetime. So what if there was a way to reduce the amount it costs – the interest you pay – and also pay it off sooner?

Published in Blog
Get our Not-A-Newsletter
Make your financial life a little easier
Get our Not-a-Newsletter