Is Investing In Direct Properties Safe?

Is Investing In Direct Properties Safe?

How can we put this bluntly? Diversification is your friend; and this applies to direct property. When you invest only in direct properties, you are essentially only investing in one asset class. Whilst property has a place in your wealth creation, it should be treated like any other investment option; with caution.

Nearly one third of older Australians in low income households are asset rich and income poor (according to ABS 2016). When you invest all in property, you may be increasing your asset value over the long term, but if you run into money troubles, direct property is the least flexible investment option as it doesn't offer you the ability to withdraw emergency funds i.e. Income Poor.

Get Goal Savvy

Get Goal Savvy

When it comes to your goals, the best way to get the most out of your savings plan is to be specific. As Adrian Raftery, CFP and course director from Deakin University states, "don’t just say that you are going to save...write down an exact figure that you want to save". The best thing you can do for your financial wellbeing is to get savvy and know your financial situation well. If you hate detail orientated planning, speak with a financial adviser and let them handle the hard stuff.

What's Your Wealth Mindset?

What's Your Wealth Mindset?

When we strive for something more than just hitting a certain income bracket, money becomes an avenue in which we can create the kind of lifestyle that has value beyond the dollar signs. When millionaire's go into bankruptcy, they often come out of it as millionaires. Why you ask? Could your mindset about money play a role in your never ending cycle of living pay check to pay check?

4 Best Personal Finance Apps for 2017

4 Best Personal Finance Apps for 2017

It's time to stop sweating when you're doing your personal finances over copious bottles of wine and hair loss. Here are the four best personal finance apps for 2017 to help you sort out your financial wellbeing. Think of them as the Fitbit of finances. Each app serves a slightly different purpose, so make sure you do your research before implementing it into your lifestyle.

Should You Consider Financial Advice?

Should You Consider Financial Advice?

When it comes to financial advice, people generally believe that financial advice is either for the wealthy or that their current situation is the best it can be. Both of those opinions are incorrect. Financial advice is for everyone. No matter how big or little your wealth is, there is always room for improvement. The FPA lists five good reasons why seeking financial advice will bring your life a sense of ease, because after all, our job is to make your life easy.

Can A Buyer's Agent Help You Buy A Property?

Can A Buyer's Agent Help You Buy A Property?

Buying a property can be a daunting experience. Between the rising prices in housing and your busy schedule, it can be hard to find the right property for your financial and lifestyle needs. This is how buyer's agents can help. A buyer's agent can assist with all different types of purchasing needs such as family homes, investment properties and first homeowners.

Investing in SMSF

Investing in SMSF

Did you know that you can invest into other assets besides property in an SMSF? Collectables and personal use assets such as artworks, jewellery, motor vehicles, memberships of sporting, social clubs, and even wine can go into your SMSF, given you don't intend on using it prior to retirement. For whatever your retirement lifestyle may be, SMSFs are a great way to ensure that your current lifestyle continues well into retirement.

How To Teach Your Kids The Value Of Money?

How To Teach Your Kids The Value Of Money?

In today's world, money goes into our bank accounts and out of a plastic card. Whilst Gen Z adults grew up with cash as a form of monetary exchange, the new generation of babies are growing up believing that all things come to you so long as you magically "tap and go". So how do we teach our kids the value of money? FPA's Money and Life article has some great tips on five ways to set your kids for financial success through all stages of their lives.

Read: http://www.moneyandlife.com.au/articles/5-ways-to-set-your-kids-up-for-financial-success/?utm_source=facebook&utm_medium=social&utm_campaign=moneyandlife&utm_content=5+ways+kids

Thinking About Investing In Property...Is It The Wisest Choice?

Thinking About Investing In Property...Is It The Wisest Choice?

Sometimes investing in property may seem like a better choice than investing in the market...but have you broken down your profits to an annual return? Douglas Morris, CEO at Sharesight Limited talks us through how you can compare your annual property returns with the annual return you would receive if you were to invest the same amount in the market.

- First Class Wealth Spotlights - Highlands Youth Dance Project

- First Class Wealth Spotlights - Highlands Youth Dance Project

Dance and theatre is booming throughout the Southern Highlands. From theatre companies to dance studios, the community from all walks of life come together throughout the year to share the joy and spirit of performing arts. 

Monique Barrios, a local community member and director of Pointe Dynamic Arts, wants to change the norm of local performing arts in the Southern Highlands. Her extensive career in dance, drama and music has gained her a reputation within the Highlands community as a down to earth dance teacher, inspired by nurturing youth dance. After seeing a difference between dancers' perception of what the industry is like and what the industry really is, she noticed a large gap in the education of dance. Dancers were often trained to be company dancers rather than independent dancers where skills in choreography, grant writing and budget proposals are necessary to sustain the independent dance lifestyle. It is with this vision that she established Highlands Youth Dance Project - their first project...Operation Sand.

An Insight Into Our Internship

An Insight Into Our Internship

Kinza Memon joined First Class Wealth as a bright-eyed financial intern in December 2016. With a passion for financial planning - having co-founded UNSW’s Financial Planning Student Group - she has bought an undeniable sense of enthusiasm and drive to the team. Kinza’s role initially grew to revolve around the research and implementation of our advisory services, but now having being offered a permanent position with the firm, the sky is the limit!

Sitting down with us to discuss her experience within the internship, what she has learnt and offering words of advice to fellow students wanting to take their first step in the corporate world, Kinza shares her own personal perspective of working as part of the team of First Class Wealth.

- First Class Wealth Spotlights - Blissful Beauty by Jael

- First Class Wealth Spotlights - Blissful Beauty by Jael

It seems like time is continuously slipping out of our hands, with all of us at one time or another struggling to juggle our priorities, finding it almost impossible to fit everything into our schedules. But Jael Barrios of ‘Blissful Beauty’ seems to have solved this problem, not only owning her own independent up and coming beauty business but also being a mother of four! With a passion for everything makeup and hair, Jael started her business in 2014 and began to add her own unique twist to the industry – working with natural colours and the growing power of social media to ensure every one of her customers feels comfortable and amazing in their own skin.

Skip The Chocolate This Valentines Day

Skip The Chocolate This Valentines Day

What does Valentines Day mean to you? For some, it is a day to celebrate love. For majority of us, Valentines Day is another reminder that overpriced gifts and large gestures of love are a thing of the past. While some couples still enjoy the traditional gifts like chocolate and flowers. Most couples see this day as a chance give each other the most valuable gift of all - a financial plan. Esther Crain from Forbes.com explains how most couples are choosing to skip the chocolates for financial plans that will lead them towards brighter financial future.

Read the full article: http://www.forbes.com/sites/learnvest/2017/02/07/skip-the-chocolate-this-is-what-your-sweetie-really-wants-this-valentines-day/#66d015415734