Reading Time: 8 minutesHow to use insurance to protect the life you have created Do I need insurance? Insurance is an important topic and my apologies for what I’m about to write, it may upset some but it’s important. This concept will most likely be difficult to grasp if you are in the 18- to 30-year-old age bracket. […]
Continue readingPersonal Finance Training
The investment universe (for beginners) – Ethical investing
Reading Time: 6 minutesThe investment universe (for beginners) – Ethical investing Ethical Investing: When you are safely tucked up in bed and you’re not paying attention, do you really know who has their hands on your money? No, I don’t mean thieves. The companies you invest in leave a mark on this planet, now and into the future. […]
Continue readingThe investment universe (for beginners) – Managed Funds
Reading Time: 8 minutesThe investment universe (for beginners) – Managed Funds Warning: the examples of managed funds in this post are for illustrative purposes only. They are not to be considered investment recommendations. I have no financial interest in any of the investments mentioned. In the last article we dived into shares. Easy to buy but hard to […]
Continue readingThe investing universe (for beginners) – Shares
Reading Time: 8 minutesThe investment universe (for beginners) – Shares Warning: the examples of shares in this post are for illustrative purposes only. They are not to be considered investment recommendations. I have no financial interest in any of the investments mentioned. In the next few posts we will look at the different ways in which to invest […]
Continue readingHow to build a small seed into a “super” investment – what is superannuation in Australia
Reading Time: 14 minutesHow to build a small seed into a “super” investment For many of us, the topic of this post will be the second biggest investment of our lives. The first, being your home. I am talking about superannuation. But what is superannuation or “super”? Superannuation is your retirement fund. The little seed that given time […]
Continue readingInvesting – The big picture Part 2 – Asset classes
Reading Time: 13 minutesInvesting – The big picture Part 2 – Asset classes In Part 1 we discussed risk and how your attitude towards risk can impact your investing decisions and the creation of an appropriate investment portfolio for your level of risk by altering the ratio of growth and defensive assets. Now, we look at the different […]
Continue readingInvesting – The big picture Part 1
Reading Time: 8 minutesInvesting – The big picture Part 1 We have covered a lot of ground up to this point. My original purpose for FIT Wealth was to teach the basics of money and investing to you. However, all of my posts up until this point are so critical to get you to where we are now. […]
Continue readingInvesting – The wonders of compound interest
Reading Time: 6 minutesInvesting – The wonders of compound interest Before we get into the nuts and bolts of investing and compound interest, the most important concept we need to discuss is time. Specifically, the earlier you start in life, the better. I’ll be blunt. There are only two tried and tested ways to become wealthy; Create a […]
Continue readingAre all assets good and all liabilities bad?
Reading Time: 9 minutesAre all assets good and all liabilities bad? Last time, we discussed how to get ahead of the game. This will leave you with surplus to invest. Investing means buying assets. Which assets? Should you use debt? Can you reach financial independence? Let’s take a look at assets and liabilities and figure what’s good and […]
Continue readingIs there a way to boost your financial success?
Reading Time: 9 minutesIs there a way to boost your financial success? In the last post, we discussed the importance of growing your income to your financial success. Although it’s unlikely to grow your income indefinitely, the take home message was that your income reflects the value you bring to the marketplace. If you keep increasing your market […]
Continue readingThe secrets to boosting your financial success (Part 2)
Reading Time: 5 minutesThe secrets to boosting your financial success (Part 2) In Part 1, we briefly touched on the basics of income and its importance to your financial success, discussed tax and why it’s important to try and build your career into a life’s purpose. Let’s build on that and get to the even more exciting topics. […]
Continue readingThe secrets to boosting your financial success (Part 1)
Reading Time: 8 minutesThe secrets to boosting your financial success (Part 1) Your financial success depends on your income and what you do with it. This turned out to be a massive topic, so I have spilt into two parts. In Part 1, I discuss the basics of income, tax, creating a career that inspires you and conclude […]
Continue readingFinancial education: The key to building real wealth
Reading Time: 4 minutesFinancial education: The key to building real wealth DO you want to learn how to become wealthy? Your journey into building your financial education and long-term financial success starts right now. Here is where the success strategies meet the know-how. From here on in I am hoping for that moment. The moment when you “get […]
Continue reading