Sudden wealth! What to do?

Lottery prize pools now amass huge amounts, regularly turning everyday Aussies into instant multi-millionaires. But being ‘struck rich’ is not only based on luck. There is more than $2.6 trillion worth of assets invested in superannuation in Australia. A multi-million dollar inheritance can be a life-changer. Regardless of the source, most people who receive unexpected[…]

3 ways to save for your children’s education

If you are a parent you are fully aware that the cost of private education is continually rising, with some schools charging fees of up to $20,000 a year, sometimes more; and that doesn’t include uniforms, excursions and after school activities. The cost of earning a university degree particularly in the popular disciplines like law,[…]

Your next holiday destination – why not swap?

You might remember the movie, “The Holiday” starring Kate Winslet and Cameron Diaz. Two women are experiencing relationship problems so they exchange their houses for a holiday away from men. Kate swaps her quaint English cottage for Cameron’s LA mansion. Both love the extreme differences but, of course, there are men everywhere they go! (It[…]

The effects of sub-zero interest rates

In Germany, a government ten-year bond yields less than zero; its investors actually lose money! Huh? What triggers a situation like this and could it happen in Australia? Australians currently enjoy – or not, depending on their circumstances – record low interest rates. The prevailing cash rate is currently 1.0 % and some economists are[…]