The 5 Must Do's Before You Start to Invest in Property

Uncategorized Jul 31, 2020

by Julie Crockett, API Solutions Pty Ltd

The thought of buying a property seems daunting to most people but when you have a plan and you stick with it, you are one step closer to realising your dream. Property investing is like anything else and preparation is definitely the key to getting a great outcome. 

There are some “absolutes” when it comes to investing and for those who haven’t started to invest yet, here’s the top 5 “must dos”.

1. Set Your Goals ( I call this Fully focussed female power)

Once you have your goals set, it’s much easier to work towards them. Break down the large goal into smaller goals so that you can check off each smaller goal that moves you closer to your big goal. For example, if you are saving $60,000 for a home deposit, have your goals in $10,000 chunks. When you’ve achieved each $10,000 milestone, give yourself a small gift to mark the occasion. It could be something very small like time out for...

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10 Questions on Pensions

Uncategorized Jun 18, 2020

by Taisha Betz

How much should I be putting away in my 20’s, 30’s, 40’s, and 50’s?

It depends on what your employer is providing.  If you are in a Defined Benefit scheme, you might not need to pay anything at all beyond the scheme’s standard contribution rate.  If your employer operates a Defined Contribution scheme (or a Workplace Pension), the contributions may or may not be sufficient to meet your needs.  It also depends on how much you want to receive and when you want to retire. 

If you have a full National Insurance record, under current rules you should receive £9,100 a year from age 68.  If you want to increase that by £10,000 a year, and you’re not in a Defined Benefit scheme, current annuity rates suggest that you might need a fund of around £400,000.

If you want to build up a £400,000 pension pot, you would need to invest (at 2.5% net annual growth after inflation until age...

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Women With Money Will Change The World

Uncategorized Jun 16, 2020

By Nikki Ramskill, The Female Money Doctor

I was lucky enough to have a mum who told me to be whoever I wanted to be. She always encouraged me to follow my passions, and this has led me down the route into becoming a doctor with a specialist interest in how money affects my patients – particularly women.

Money problems are a huge concern for women, and with good reason!

The gender pay gap is an ongoing issue, and is not set to be corrected for over 200 years!! We have a pension gap too – starting from before we even start working. And this isn’t even taking into consideration the “pink” tax, spiraling childcare costs and the burden this places on women, plus the ever growing elderly population who need care, generally falling on, yes, you’ve guessed it, the shoulders of women.

The World Is A Better Place With Wealthy Women In It

Ironically though, wealthy women are a huge asset to improving the wider world...

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Ways to avoid financial stress and anxiety during COVID-19

Uncategorized Apr 10, 2020

WAYS TO AVOID FINANCIAL STRESS AND ANXIETY DURING COVID-19

 

By Molly Benjamin, Founder, Ladies Finance Club

Betsy Westcott, Head Mony Coach, Ladies Finance Club 

It’s hard to Netflix and chill when you’re worried about how you’re going to pay your bills. As the measures to curb the spread of COVID-19 step up a notch, an increasing number of Brits are facing unexpected financial challenges brought on by the economic slowdown, a dive in financial markets and job losses.

We know that so many Brits are feeling vulnerable right now. First the work slows down, then the money in your bank account starts to dwindle, you wonder which of your bills you can do away with and whether this is going to affect your credit rating. Given we’re not sure how long this virus and measures to curb the spread will last. All of this can quickly add up to overwhelm and a feeling of financial anxiety. Even if you haven’t yet impacted financially, the fear of what...

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PODCAST GUEST: Design Disasters & Amazing Architects: Meet Studio BĂșa

Uncategorized Mar 20, 2020

DESIGN DISASTERS & AMAZING ARCHITECTS: MEET STUDIO BÚA

by Becky Balfourth

THIS WEEK’S PODCAST GUEST

Meet Mark, architect and founder of Studio Búa.

Mark is responsible for saving Lisa’s house renovation from disaster.  As she says, ‘everything that could go wrong, did go wrong.’  (Mark says this isn’t quite true- things can go a lot more wrong than they have!  Do we want to know?)

Lisa thought Mark would draw something and it would eventually get built. At the time, she didn’t know about the value of having an architect stay on-project after the designing is done.  Thankfully, she does now.

In a snapshot: the builders added costs as they went along, until they eventually tried to add- via e-mail- £100,000.  This is despite months where nothing was happening.

Who knew architects could help with situations like this?

Just as you don’t always know what you’re looking for when you seek...

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PODCAST GUEST From Pension-panic to Savings-savvy: Emma-Lou Explains

Uncategorized Mar 16, 2020

by Becky Balfourth

THIS WEEK’S PODCAST GUEST

Feeling out of control/ out of depth/ confused by money?  Maybe your savings and investments are falling by the wayside as you struggle in the day-to-day?

Emma-Lou Montgomery works for Fidelity International.  She can tell you that you are definitely not alone with these feelings.  As a journalist, Emma -Lou has commented on news and radio shows on the world of finance.  She also worked on the Fidelity Finance Report.  From the findings of that report, Emma -Lou can tell you for nothing that women often feel stressed by money.  There is a massive gap between women and men- which is revealed by an 11% gap between male and female pensions, with men coming out ahead.

Women tend to put life, family or work ahead of saving or investing.  It’s easily done, when daily life leaves you with so little time… but if you leave it too long, you could be left with nothing for the future.

But...

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Lifestyle Inflation! Maria's tips for Kondo-ing your life

Uncategorized Mar 07, 2020

Meet Maria Zdravkova. With a degree in Economics and a Masters in Finance, you wouldn’t imagine she’d be anything but saving-savvy.  Right?

Nope.  Maria says that the turning point for her came when she became unhappy in her job.  Burning out and needing a change, she realised she couldn’t take a few months off- she would have to go straight from this job to the next.  She didn’t have the funds.

At around the same time, Maria noticed that her boyfriend was saving around 2 times more than she was.  She looked at why this might be and saw: clothes, hairdressing bills, shoes and stuff.  Note: Maria isn’t anti-spending.  She says getting a personal trainer was really great for her, and sometimes you need to spend on yourself.  This was more a Marie Kondo style evaluation of the things that brought her joy.  Clothes she liked, wanted, needed; shoes she wore, or didn’t; beauty treatments that...

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PODCAST GUEST From Fashion to Finance: a Journey with Jade

Uncategorized Mar 05, 2020

FROM FASHION TO FINANCE: A JOURNEY WITH JADE

by Becky Balfourth

What does a wealth manager do?

Meet Jade Rose from Reddings Wealth Management. She describes it as being like a personal trainer… for finances.  When we are managing our cash better, we are happier, less stressed, and more productive.  Like the best of coaches, Jade encourages people to meet their wealth goals.  Her clients include content creators, influencers and designers: creatives who may just need a little help in the finance department.

Jade started out with a degree in fashion.  After graduating she lived the dream, working for Asos (she happily remembers how it felt getting her first work e-mail address!)  Alongside that, she was working as a freelance designer- remember those cool patterned over-knee socks?  Jade’s yer woman.

Fashion & Finance.  Maybe those aren’t two words that feel like a natural fit.  And yet, says Jade,...

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How can modern women get a grip on their debt?

Uncategorized Mar 02, 2020

Sophie Hayden

3 March 2020

Are you an impulsive buyer? Do you mostly respond to promotional offers sent in your mailbox? These are the tactics of most credit card companies to attract a larger number of customers towards them. If you love swiping your credit cards, you must check this habit as this may lead to financial disaster. The financial troubles are often plaguing most women and are complicating their financial lives like never before. It is a fact acknowledged by all men that women can handle their finances better than men as they have more control over their impulses. Yet, many women are presently mowed down by their ever-increasing debt burden. The crippled economy is casting a spell on most Britons, especially on the women. If you’re a woman who is buried under a huge amount of unsecured credit card debt, you should find out ways to get out of the debt mess.

Don’t avoid creating a budget

It is a fact universally acknowledged that women can manage money...

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Questions to ask a Financial Adviser and how to find one who is right for you?

Uncategorized Feb 26, 2020

Mia Taylor
27 February 2020

You are ready to level up your finances and meet with a Financial Adviser. So how do you go about finding one and what do you need to ask before or during your meeting?

There are a few different ways to find an Adviser, one of the best ways is by recommendation from a friend. If your friends aren’t currently seeing an Adviser then you can try a quick google search or use the find an adviser search option on either the Association of Financial Advisers (AFA) or Financial Planning Association of Australia (FPA) websites.

It’s a good idea to get in contact with a couple of Advisers who are convenient to your work or home and ask if they have time for an initial phone discussion as you are considering an initial appointment.

During your first phone call – just like going on a first date, it can seem a little full on to start firing off questions without first introducing yourself and what has prompted you to...

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