Busting the top 5 myths about sorting your finances Wondering where all your money goes is common: no matter how much you earn, it seems like there’s never enough and it just seems to vanish. Research shows that 86% of Australian’s do not know where their money goes each month[1]. So, if this sounds familiar, you’re not alone. It can be an overwhelming feeling, often not knowing where to start.… Read more
This season’s edition of the Collins and Co wealth management newsletter is packed full of news and interesting wealth management topics that we’re sure you’ll love. We cover the latest news in the wealth creation space, aged care payment options, superannuation insurance and flourishing vs languishing mentality. Read more: Flourishing vs Languising, Superannuation insurance and Aged Care Payments Read more
It’s August, and this chilly winter and periodic lockdowns can’t end fast enough for many of us. One bright spot, along with the golden wattle at this time of year, is the golden performance of our athletes in Tokyo. After a shaky start, last financial year was an excellent year for investors. Returns from shares and property exceeded most expectations, as did returns from super funds. But amidst all the… Read more
Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so you can bring more money into your business. Although many business owners are aware that financial planning is important, it is often overlooked. Without a… Read more
It’s July, there’s a nip in the air and winter has well and truly set in, as Australia deals with COVID outbreaks across several states. But July also marks the start of the new financial year, a good time to reflect on how far we have come since this time last year and to make plans for the year ahead. Share markets had a strong finish to the financial year,… Read more
It’s June which means winters has officially arrived. As we rug up and spend more time indoors, it’s a perfect time to get your financial house in order as another financial year draws to a close. And what a year it has been! Our 2021 Winter edition of Collins Co Wealth Management newsletters is available for your perusal. It will contain the following items of interest. Home office expenses Top… Read more
Treasurer Josh Frydenberg’s second pandemic Budget, and possibly his last before the next federal election, is a big spending Budget aimed squarely at a swift economic recovery. As widely tipped, the focus is on jobs, aged care, childcare, women and first -home buyers with some superannuation and tax sweeteners added for good measure. As always, if you would like to discuss how the Budget might impact your finances, don’t hesitate… Read more
Welcome to our May publication. After an extraordinary month of social and economic hibernation, there are positive signs that some of the restrictions on our everyday lives will soon be loosened somewhat. This is welcome news for households, businesses and our economy. Within a matter of months Australia has gone from having an essentially healthy economy to one in need of resuscitation. The Morrison Government has stepped in with unprecedented… Read more
