Financial educator Vanessa Stoykov offers some tips to help shift your attitude towards money.
Important as they might be, good financial management skills aren’t always taught in schools. What are some strategies parents can use to get their kids thinking about money?
Seeing your super or investments take a hit during a period of market volatility can be hard to stomach. But it pays to remember that fluctuations in share prices are part and parcel of investing.
Inflation; it’s one of the most talked about topics right now. But what can it mean for your longer term financial position?
If you’re nearing retirement, it’s important to make sure you understand sequencing risk and how to manage it.
Your home loan will likely be the largest debt you pay off in your lifetime, by taking a proactive approach you could free up cash flow sooner.
Dr. Kirsten MacDonald from Griffith University provides critical insights on how to avoid a triple whammy when making investment decisions in a crisis.
On 1 February 2022, the RBA made the decision to maintain the cash rate target at 10 basis points. In this ABC News video, Alan Kohler discusses his thoughts on home loans and interest rates.
In pre- and post-retirement, it’s important to understand the risks retirees can face and have a retirement plan in place to help weather them. In this animation, we illustrate longevity risk.
Goals-based investing can involve allocating investment assets that target a certain investment return to achieve a certain goal. In this animation, we illustrate the goals-based investing approach.
It can be difficult for someone who is separated or divorced—especially with children—to save an adequate home deposit. In this animation, we illustrate the finer details of the Family Home Guarantee.
Retirees will often experience three chapters as they progress through their retirement years: the early, middle, and late chapters. In this animation, we illustrate these three retirement chapters.
We all tend to invest in either one or more of the different types of asset classes to help achieve our financial goals. In this animation, we illustrate the unique characteristics of each asset class.
For some of us, saving may be second nature or come easy due to circumstance, while for others, it may be more of a struggle. In this animation, we illustrate the concept of SMART savings goals.
Active saving and not borrowing for everyday expenses—these behaviours can positively impact your financial wellbeing. In this video, Saturday Night Live offers a light-hearted skit on this.
Not all employees can choose the super fund for their employer contributions—recent legislation seeks to address this issue. Alongside this, we share a video by Jason Silva on the paradox of choice.
If you have received, or are expecting to receive, a tax refund this year, consider how it can be put to good use. In this motivational video, Tom Bilyeu talks on making your vision a reality.
When it comes to mitigating retirement-related risks, and providing for your retirement lifestyle, there can be several strategies employed. In this animation, we illustrate the three-bucket approach.
When looking to enter the property market, gauging our potential borrowing power can be useful. In this animation, we illustrate borrowing power—both potential and actual borrowing power.
Behavioural finance, a sub-field of behavioural economics, studies the psychology of decision-making. In this animation, we illustrate loss aversion, and how it can influence our decision-making.
Rational decision-making, especially during increased market volatility, can often make all the difference. In this video by Morningstar, market volatility and investment fundamentals are discussed.
Understandably, the COVID-19 outbreak is receiving considerable attention at the moment. In this animation, the World Health Organisation (WHO) provides information and guidance on the disease.
“…a hero is an ordinary individual who finds strength to persevere and endure in spite of overwhelming obstacles.” (Christopher Reeve). In this video, Google showcases searches that shaped 2019.
Given the current environment, it can be difficult for first home buyers to save an adequate deposit. In this animation, we illustrate the finer details of the First Home Loan Deposit Scheme (FHLDS).
Understanding where you are and where you want to be is important when setting out to achieve the latter. In this animation, we illustrate the phrase, ‘your financial situation, goals and objectives’.
When assessing an investment’s performance, it’s important to consider the information in front of you. In this animation, we illustrate the difference between nominal and real rate of return.
When disposing of an asset, you may find that you make a capital gain or loss. If you do make a capital gain, tax is generally payable. In this animation, we illustrate capital gains tax (CGT).
When managing your personal finances, ‘practice makes perfect’. In this video by Dude Perfect, a few individuals show that anything is possible if you put your mind to it…and practice.
When making financial decisions, it’s important to take the time to consider your two self’s: your present self; and, your future self. In this animation, we illustrate this concept further.
“Shoot for the moon. Even if you miss, you’ll land among the stars.” (Norman Vincent Peale). In this SpaceX video, a Falcon Heavy rocket launches into space with a rather unique payload.
A recent survey has found that on average Australians have a financial wellbeing score of 59 out of 100. In this animation, we illustrate what is financial wellbeing, and the things that influence it.
A key question to consider is whether you have enough savings at hand to weather an unexpected financial emergency. In this animation, we illustrate the importance of establishing an emergency buffer.
Minimalism involves reviewing your priorities and removing excesses that don’t add value to your life. In this video, Matt D’Avella shares how minimalism helped him with his personal finances.
An important part of wealth accumulation is putting appropriate strategies in place to manage risk. In this animation, we illustrate one such strategy – a comprehensive personal insurance plan.
As you close the chapter on 2018, it’s important to remember, “The past cannot be changed. The future is yet in your power.” (Unknown). In this video, Google showcases the searches that shaped 2018.
Over one-third of Australians don’t check the cash rate. In this animation, we illustrate the important relationship between monetary policy, cash rates and interest rates.
Marathon running and mountain climbing are often used as metaphors for other areas of our lives, whether it be personal or work-related. In this video, we see people pushing themselves to overcome internal and external challenges in the exploration and pursuit of their goals and objectives.
According to the ACCC’s annual scam report, the total reported losses from scams in 2017 was over $340 million. When it comes to scams, it’s important to remember, ‘If it seems too good to be true, it probably is’. In this funny video by Hamish and Andy, we see some highly evolved primates at Werribee Open Range Zoo.
As a result of the proposed measures that have come out of Treasurer Scott Morrison's 2018-19 Federal Budget, ABC News discusses the potential winners and losers.
PwC Australia Economic Lead Partner Jeremy Thorpe shares his insights on this year’s Federal Budget. Front and centre is the Government’s spending and budget surplus forecasts – a potential ‘Slurpee’ budget.
As you progress through life, the many different areas of your personal finances will be leveraged to help you reach your financial goals and objectives. When these areas are appropriately managed, and work in harmony with one another, it can be ‘poetry in motion’. Watch this video to see what we mean.
In this video, we see one of the most famous fables come to life with a race between a hare and a tortoise. This is a timely reminder of the importance of long-term investment fundamentals, for example, diversification, asset allocation, risk versus return, liquidity, compound interest and dollar cost averaging.
Albert Einstein once famously said, “Compound interest is the eighth wonder of the world...” In this animation, we illustrate the power of compound interest – importantly, the principles behind compounding are not just limited to your interest bearing savings account.
Philanthropy can come in many shapes and sizes, both financial and non-financial. An appropriate and planned approach to philanthropy can be a truly rewarding experience and make a real difference to those in need. In this video, we take a funny look at a slightly misguided ‘philanthropic’ endeavour.
How Australians choose to spend their tax refund can vary considerably. In this animation, we provide a number of helpful spending suggestions that could help you make the most of your tax refund.
There are various investment methods available to help build and maintain wealth over the long-term. In this animation, we explore managed funds, how they work and the relative merits of investing in one.
Accumulating wealth can come in many forms, such as saving, investing and paying down debt. In this video, Dave Allen highlights the pitfalls of deviating from your plan and waiting around for ‘free’ money.
Do you remember playing Monopoly as a child? If so, do you think the way you played may have changed if you’d used real money? In this video, we explore the importance of educating your children on the value of money from an early age especially given the emergence of 'tap & pay'.
In this video, Institute of Public Accountants CEO Andrew Conway outlines the IPA's view on the major outcomes of the 2017-18 Federal Budget.
In this video, Sandra Sully and Hugh Riminton discuss several of the proposed measures within the 2017-18 Federal Budget.
Negative gearing is a wealth accumulation strategy that often also aims to minimise tax. In this animation, we demonstrate what negative gearing is and several of the important considerations around utilising this strategy for wealth creation.
When planning for the income needed in retirement, there are many strategies that you can consider. One option available, depending on your circumstances, is an annuity. We explore a number of considerations when it comes to utilising an annuity in your overall plan.
“Empathy is the faculty to resonate with the feelings of others. When we meet someone, who is joyful, we smile. When we witness someone in pain, we suffer in resonance with his or her suffering” (Matthieu Ricard). In this video, two people connect over their different walks of life.
Synergy refers to the creation of a whole that is greater than the simple sum of its parts. In this animation, we explore how building your own personal finance team, and then directing them towards a specific goal or objective, can help you reach financial empowerment.
Are you currently trying to keep up with the Joneses? In life, everyone has their own financial journey so instead of worrying about what others are doing or how much they appear to have, it is important to stay focused on your own financial goals and objectives.
Life is full of long and windy turns, obstacles and tough decisions. Taking the ‘road less travelled’, towards building personal wealth, begins with believing in ourselves. Watch this funny video for your guide on giving yourself a pep talk today.
Do you sometimes get side-tracked when on the path to completing a personal or work task before its deadline? For some people procrastination can also play a part in how they approach their personal finances. We hope you enjoy this funny and insightful talk.
Have you ever been in the situation where you needed to withdraw cash, close a term deposit before maturity, sell-down managed funds or shares, or put a property on the market to meet a sudden demand? The effort it takes to convert an asset into cash can vary widely.
Why do you manage your money the way you do? You might be surprised to know that we all have a money personality which influences our behaviour and decisions and ultimately our success with money, see our latest animation.
It's safe, low risk, guaranteed rent, big returns. You go along just to find out more, it looks good, it feels good, you get excited and you don't want to miss out. Some food for thought before you sign on the dotted line and hand over your hard earned savings.
Suspicious emails: unclaimed insurance bonds, diamond-encrusted safe deposit boxes, close friends marooned in a foreign country. They pop up in our inboxes, and standard procedure is to delete on sight. But what happens when you reply?
Institute of Public Accountants General Manager Technical Policy, Tony Greco outlines the IPA's view on the 2016 Australian Federal Budget.
In this video Leigh Sales challenges Scott Morrison. Mr Morrison discusses the current deficit and what their plan is for the future economic growth for Australia.
Ever wondered just how much your perspective influences an outcome? Have a look at this experiment where six people photograph the same man and produce very different results
Time for a health check on your financial habits? Check out our video on what makes for healthy financial habits for a positive start to the new year.
Depending on how you look at it, investment risk can mean different things to different people. And there are many ways in which people put their financial position at risk without realizing. Check out our animation and see how this might apply to you and what you can do to manage your risks.
Asset Allocation is important when it comes to investing. So what is Asset Allocation and how does it work? What are the important concepts to consider with Asset Allocation?
Did you know that one of the biggest drivers for the performance of investments can often be due to the good or bad behaviour of an investor.
The analogies “smoke and mirrors” and “if it sounds too good to be true” come to mind in this funny video. Showing that you can turn nothing into something, quite convincingly if you know how.
Many of us already have a dollar cost averaging strategy in place without even realising it. In this animation we explore the concept of dollar cost averaging and how this strategy works.
Where is your income going to come from when you retire? This animation takes a quick look at a typical retiree’s sources of income in retirement.
Why do people invest in shares? This video explains the types of returns generated by investment in Australian shares.
This video asks kids how much they think top basketball stars make each year. Although funny, it highlights how foreign the concept of money can be and the importance of educating our younger generation on money matters.
In this video Ashton Kutcher talks about keeping your career going - making your own luck, being smart/thoughtful/generous and living life.
Purchasing a home can be an overwhelming process. There a quite a few things to consider and costs to account for. It therefore makes sense to take your time, do your research and make sure that you are paying the right price for the right property.
6 million people are exposed and 800,000 fell victim and lost almost $1billion via scams and fraud. Are you part of this statistic? Given that many of the scams originate outside Australia, it pays to be vigilant. This video explores Investment Scams.
Getting clear on what you want and staying focused on the steps needed to achieve your goals can be easier said than done, particularly given the amount of noise in our technologically rich society these days.
While flying is no doubt a risky activity, the risk can be reduced by the flyer having the appropriate competence and emotional confidence.
Watching this video can give you a taste of the travel bug – is there anywhere you want to go? Sometimes we get stuck in the mundane and ‘rut’ of life. Life is about experience, sharing fun times and living each day.
Like the evolution of music and dance, personal finance and world markets will continue to evolve and change. What’s more important than worrying about the change is ensuring your fundamentals are working for you.
A very funny video that reminds us that while giving directions to another can be a nice thing to do, sometimes we can end up red faced if we don’t know what we are talking about, or if someone misinterprets what we suggest.
There is a saying that rich men have big library’s and small TV’s. We are not claiming this to be categorically true, however, it is important to recognise that what we choose to learn and understand is a predictor of what our future holds.
In this somewhat corny video the scientist reveals the hidden factor within the fire that saves the handkerchief and the $100 note.
The more your financial arrangements are in rhythm the easier it is to plan.
Here are a few things to consider, and to do, which may just keep the peace around your finances.
Bobby McFerrin hacks your brain while teaching us about how we react to the unexpected.
Master Oogway points out one of life's gifts, but what about the others.
Warren Buffett shares some of the principles that have worked for him over the years.
Whether you’re into your numbers or not, you’ll get a laugh out of this short and quick look at creative accounting.
A fascinating video showing change in health and wealth across generations and the world!
Whether or not you're a fan of Social Media, it's fascinating to see the compounding growth.
No discipline? Credit cards are a bit like having a time out, without sitting in the corner.
This analogy applies to much more than waves in the ocean.
A very clever video by a Mum who clearly knows the demands on being a Mum.
A funny video for the Dad's who are moving through the midstream of life.
After hitting on a brilliant new life plan, our first instinct is to tell someone, but Derek Sivers says it's better to keep goals secret.
Was that a sunburnt face or just embarassment?
Being confident is only useful when it aligns to reality.
A light-hearted look at an example of Leadership and the 'Second Follower'.
This follows on from Part 1. The Short and Simple Story of the Credit Crisis.
The Short and Simple Story of the Credit Crisis (Part 1).
Kyle Chin skates from top to bottom down a beautiful hill in Outerspace.
This is a short video presentation on how the financial markets work.
Describing the mindset of the investment banking community in the GFC in this satirical interview.
Guy explains that you don’t need a big fancy mission statement.