A bet you hope you lose
the mathematics underpinning life insurance has a lot in common with betting on horse racing. Because of this, most punters and most life insurance policyholders ‘do their dough.’ That said, life insurance is a bet you hope you lose - which makes it very different to backing a slow horse.
Negative Gearing
Negative gearing is one of the most common things clients ask us about. We have written about it before - but the questions are so persistent we thought we should cover it again this week.
Lending Money to Family and Friends
At some stage, most of us will be asked to lend money to family or friends. Usually, we are only too happy to help. After all, what are family and friends for if not to help each other out. That said, mixing money and relationships can be problematic. In this article, we discuss various ways to minimise the risk of the loan going wrong and a relationship suffering.
A Watched Pot Never Boils
Saving money or repaying debt can be a bit like losing weight. From day-to-day it feels like nothing is changing. So, you need to alter the way you think about financial targets - which can even mean thinking about them less frequently.
Is There Such a Thing as a Value Added Tax?
Australia introduced a consumption tax in the early 2000s. Consumption taxes have a lot going for them, and this article examines some of those benefits. It will be worth thinking about next time you are tempted to complain about all that tax you have to pay.
Credit Cards. Are You a Transactor or a Revolver?
Credit cards can be used for just about anything. And they are ridiculously convenient. But not everyone uses credit cards as effectively as they should. Read on to see how the smartest money managers use their credit cards.
Making a claim
Obviously, we hope that none of our clients ever make a claim on their life insurance policy. But, from time to time, claims need to be made. Here is our step-by-step guide to what happens when you make a life insurance claim.
Income returns and capital growth
There are two types of investment return. They are both good. But which one you prioritise depends very much on your personal circumstances.
Marriage and your will
Marriage usually means you need a new will. And if this is not your first marriage, then you may need a will that reflects that you have obligations in different directions.