Arguably, a Will is the most important financial asset for yourself and your family.
When you cannot pay your debts having explored every alternative solution, you may consider filing for voluntary bankruptcy.
Writing out your financial goals, setting a timeline and steps to achieve those goals will mean the difference between financial success and failure.
How much you retire with can be significantly affected by the fees your super fund charges. It is therefore important to shop around for a lower fee super fund.
Using credits cards to spend money that we don’t actually have can have dire consequences for our personal finance.
Whilst debt leveraging can be a useful wealth-building tool, in most cases reducing or removing all debt will result in a higher standard of living.
It sounds contradictory and counterproductive but paying yourself first can be a very effective personal finance strategy for wealth generation.
Mortgage offset accounts are savings accounts that are structured so your savings balance in the account is offset against your home loan account.
Good debt is debt which works to help you build wealth and where the interest expense is tax deductible.
Debt recycling is a three-tiered financial strategy that aims to generate future wealth, reduce the home loan, and minimise tax.