 If you own property, at some stage you’ve probably had to decide between variable and fixed interest rates. Today we discuss why you shouldn’t fix your interest rates when it comes to your home loan or rental property.
 We often have clients who want to put aside some money for their grandkids as an investment. The aim is for this cash to be a long-term investment – whether it’s used for education or as part of a first home deposit later down the track. In this blog we’ll look at how to successfully invest a small amount – under $20,000 – and in future podcasts and blogs we’ll discuss more significant amounts.
 It goes without saying that there is a fairly broad spectrum when it comes to financial knowledge, just as there is a broad spectrum when it comes to financial stress. What we mean by the second one is the extent people worry about their current financial position.
 Money is a lot like energy – it is simply shifted. It’s like an energy source. Money doesn’t care whether you spend it on a holiday, give it to your kids, donate it to charity or set it on fire (but please don’t do the last one).
 In the previous podcast we discussed ‘bolting it all together’ while you are still working – meaning getting everything in order financially before you retire. We gave the example of a couple who earn $90,000 each in the final 10 years of their working lives, and their ability to claim $113, 505 in personal tax returns if they make voluntary super contributions in that time. If we subtract the 15% earnings tax from this, it would leave a benefit of $64,155. There are other benefits the couple could tap into while they are working, such as spouse contribution and government co-contribution. There are many small things you can do while you work to chip away at growing a larger amount of money for your retirement.
 How should you give money to your kids? So, if you’ve made the decision to help them out, the question now is how to go about it so that it’s a positive experience for both parties.
 What do we mean by that? We mean that people in general have difficulty saying “no” to events. And not only that, they feel compelled to give a reason when they do.
 That title got your attention, didn’t it?
You’re either pessimistic, or keen to learn how. Well, it’s actually not that difficult. We assume that most, if not all of our listeners have a small amount of money that they could put aside each week. For this particular scenario, we’re going to use $100 as an example.  When people think about renting versus buying a home, financial comparisons are usually made. But there are also some emotional aspects to consider.
 There's not a person on this planet who hasn't made a mistake in their life before, especially when talking about financials.
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AuthorDallas Davison, Michael Hogue and Ali Hogue. Archives
September 2021
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