Firstly, what is a recession? Economists generally agree a recession is two consecutive quarters of negative growth in Gross Domestic Product (GDP), i.e. declining economic output. Currently, Australia has not yet recorded two consecutive quarters of GDP contraction, so the technical answer is 'no! However, with a 0.3%...
The Government has announced a number of changes to income support, predominantly JobSeeker arrangements and the Coronavirus supplement. Previously announced and implemented changes to JobSeeker and the payment of the Coronavirus supplement were scheduled to come to an end on 25 September 2020. The changes announced include: ...
How important is a financial planner for nurses? Such a great question and recently I had the privledge to be interviewed by Sue Walker, host of the Nursing and Midwifery Emporium podcast to discuss this question in more detail. To find out more go to https://nmemporium.com/index.php/2020/06/29/financial-planning-for-nurses/ If this...
Celebrating another 30 June with delicious treats from our good friends at Moo Mouth Coffee in Geelong June is always the busiest month for financial planners and this was no exception. 30 June is always like the finishing line for financial planners and many will be...
Six Things You Must Do To Financially Survive Coronavirus I know for a lot of you this has been a very challenging week. It breaks my heart to hear and see people losing their jobs, their small business and their life’s work during these unprecedented times. We...
There has been a great tide going out in the last four to six weeks across the world due to the Coronavirus Epidemic. In a time like this, what do you do to overcome the financial storm that comes with it, without being hit to...
As you are no doubt aware the Coronavirus or as it is now called Covid 19, has seen a significant rise in infection rates outside China. Over the weekend the sudden increase in infections reported in Northern Italy clearly highlighted that the virus has not been contained...
For many Australians, entering the property market and purchasing their first home is often challenging due to the large deposit required. The Australian Government’s First Home Loan Deposit Scheme (FHLDS) is designed to assist eligible first home buyers purchase a home sooner by allowing them to...
There is plenty of talk at the moment that we should be teaching financial literacy in schools. It sounds great in theory, but lets take a moment and think of the teachers. Teachers are under so much pressure at the moment. Paperwork, lesson plans, regulation, dealing with...
For those who were glued to the TV on Saturday night watching the election coverage, it had more drama and excitement than the final instalment of Game of Thrones! The pollsters got it wrong, the betting agencies got it wrong (Sportsbet got it spectacularly wrong!) and...