Diversification is the catch cry of many financial advisors.But what exactly is it and should you actually do it? It is important for you to make up your own mind in order to comfortably and confidently determine the appropriate level of diversification to include in your personal financial strategy.
dictionary.com defines diversification as Read more →
Now where did I leave my superannuation funds?They are normally right here with my keys and purse! How could I have misplaced them?!
“Where is your Super?” is more of a rhetorical question that not only encompasses what super funds hold your money but also what is your money invested in and how is it performing taking into account all the relevant fees.
Believe it or not it’s easier than you think to lose track of some of the superannuation funds that belong to you. Read more →
Everyone seems to inherently understand the importance of goal setting.After all, if you don’t have a particular destination in mind, how will you know if you are even heading in the right direction?
And pretty much everyone has been taught, on more than one occasion, how to “correctly” set your goals. You know, the various rhymes and acronyms Read more →
What to do? You know you need to have a financial plan but creating one seems so difficult and daunting!On the one hand you think “I’m intelligent enough to work this stuff out and it’s my money we are talking about so I should bite the bullet and take the DIY approach.”
On the other hand you think “I’m not in school anymore so it’s not cheating if I get some help. After all that’s why professional financial planners exist. I’d be better off investing some of my money in getting a professional to develop my plan.” Read more →
You want to move move beyond just talk and take real financial action. That's great, you've come to the right place.
You will need to assess your financial situation, define your goals, develop a strategy, create a plan and put that plan into action.
Sounds like a lot of work but it doesn't need to be. Me and Money's 9 Step Money Program guides you and provides templates to help you put a plan in place. Read more →
There is so much investing information out there freely available on the internet and in the media.No wonder we get overwhelmed and often can't work out where to start.
How do we sift through the 'noise' and stay focused? Read more →
Congratulations! You have moved beyond just talk and taken real financial action.You’ve done the hard yards – assessed your financial situation, defined your goals, developed a strategy, created a plan and put that plan into action.
Now that the job is done, you deserve a pat on the back, a night out on the town or a day at the beach. But don’t get too comfortable! Read more →
Once you begin to formulate a personal financial strategy, your radar will pick up “the voices” coming at you from all corners.Suddenly, it seems everyone, and I do mean everyone, is a financial guru!
The taxi driver, bartender, your mother-in-law, the shop assistant, even your sister’s pet dachshund will know where interest rates are going, understand the complexities of the national economy and how it relates to the global economy, can predict financial market movements or has inside knowledge of the conspiracy to manipulate the real estate market.
Ignore them all! Read more →
(A post from Alison)
The first time I heard the name Warren Buffet was in Katherine Graham’s autobiography in 1998.
Katherine Graham was the owner of the Washington Post, which her husband ran. When her husband committed suicide she took over and, with little business experience, maintained and built the brand. Warren Buffet joined in early 1973 as a shareholder and business advisor. I read recently that the advice he gave them for their pension fund investments meant they have now have draw-down responsibilities of around $2.5 billion and assets of around $3.5billion. Not a bad position to be in! Read more →
At Me and Money we have developed a 9 step Money Program to help women become empowered about money.
But not just money - we also explore the knowledge that women need to know to invest in property and shares.
We support women to journey from the "I don't know and I don't need to know' - to the - "I don't know and I have to learn" - an on to - "I know how to do it and now I have to get good at it". Read more →