Category: Personal Finance
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How happy are you: measuring happiness across countries and generations
Community & Engagement, Consumer Behavior, Financial Wellness, Lifestyle, Lifestyle & Well-being, Personal Finance, Spiritual Perspectives on WealthThe 2024 World Happiness Report ranks Finland as the happiest country for the seventh year in a row, while the USA drops out of the top 20 for the first time. Serbia and Bulgaria show the most significant improvements, climbing 69 and 63 places, respectively, since 2013. Rankings are based on people’s assessments of their…
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How having a flat tyre could send many Australians flat broke
Consumer Behavior, Credit and Loans, Diversification, Economic Insights, Financial Planning, Financial Wellness, Lifestyle, Lifestyle & Well-being, Personal FinanceThe Australian Bureau of Statistics reports that the national saving ratio has plummeted to a 17-year low of 1.1% of total disposable income. Nearly half of Australians have less than $1,000 in savings, with 20% having no savings at all. This financial instability is causing significant stress, with 76% of respondents feeling strained by their…
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Dozens of Australian businesses have gender pay gaps above 50%
Australia’s national gender pay gap stands at 12%, with men earning an average of $1982.80 weekly compared to $1744.80 for women. This disparity results in women earning 88 cents for every dollar earned by men, amounting to $12,376 less annually. The data, excluding overtime and junior or part-time employees, reveals significant state and industry variations.…
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Building better money habits with your kids
Financial Health, Financial Planning, Financial Wellness, Investment Strategies, Life Events, Lifestyle, Lifestyle & Well-being, Personal Finance, Retirement PlanningGenerally speaking, we Australians are pretty financially savvy, that is, we understand the how and why of effectively managing our money. Unfortunately, that doesn’t mean we put that know-how into practice to make astute financial decisions. According to the Australian Bureau of Statistics (ABS), the average Australian household debt has risen by 7.3% (over $260,000)…
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What are investment bonds, and how could they be used?
Family Law, Financial Planning, Investment Strategies, Life Events, Personal Finance, Tax StrategiesPopular in the days before compulsory superannuation, investment bonds fell out of favor as super became the preferred tax-advantaged environment. With tighter restrictions on superannuation contribution limits and eligibility requirements, bonds might be worth a fresh look. Investment bonds are a type of insurance policy primarily used as an investment vehicle. Available from a range…
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You CAN achieve one million dollars! Starting today.
You CAN achieve one million dollars! Starting today. One of the most common questions we’re asked as a financial adviser is “will I have enough to retire?” It truly is the million-dollar question! With so many variables involved, there is no set answer, but these days with so many of us expecting to live longer,…
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