7 Secret Tips That My Financial Planner Wants Me To Know
  • Taking out an insurance policy(s) on your life for death, total and permanent disability, sickness and accident and Trauma Insurance will save you, your family or other dependent’s major financial ruin in the event of an unforeseen medical event.
  • Level insurance premiums are generally more cost saving, sustainable and effective long term compared to stepped premiums.
  • Assets that appreciate in value are worth keeping.
  • Identifying and disposing of depreciating assets can potentially be cost saving throughout a person(s) financial future.
  • A defensive lifestyle can be more definite in respect of having more savings at retirement time.
  • In retirement, an individual with a cash balance of $1,000,000 excluding interest and CPI, with an annual lifestyle expense of $50,000 per annum, will last only 20 years.
  • So what’s the biggest secret? Compounding capital, capital preservation through asset protection, multiple income streams, tax effective investments, buying low and selling high.

 

 

Top 10 Loan Tips
  • Look outside the big banks.
  • Use bonuses and tax returns to make extra repayments.
  • Make your first repayment on settlement date.
  • Make repayments more often.
  • Do not lower your repayments when interest rates fall.
  • Use an offset account.
  • Look for a home loan with a portability.
  • Pay loan fees and charges upfront.
  • Increase savings and reduce costs.
  • Review your loan facility regularly.

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Testimonials

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    avatarJustin Camden of Wyse Wealth Financial Planning Pty Ltd has been advising me on my personal financial matters for the past four years.
    It has been his excellent advice that initially grew my investment portfolio and then it has been his advice that protected my position during the recent global financial crisis. More recently he pr

    Mark E. Arbuckle | Business Administrator

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