By Matt Hern on February 2, 2010
This article is reproduced courtesy of the author LawCentral.
If you have a self managed superannuation fund (SMSF) it is essential that you as trustee regularly review the deed to ensure it is up to date. One benefit is that an up to date deed will give you access to the latest strategies as they become [...]
Posted in Superannuation | Tagged self managed superannuation
By Matt Hern on January 29, 2010
Owning your own home is one major goal for many young Australians. But with property prices so high a first mortgage may appear out of reach. In this interview on Wake Up WA, Certified Financial Planner professional Matt Hern shares three strategies that first home buyers (especially young people) can use to save up to [...]
Posted in Property, Saving | Tagged home buyers, property, video
By Matt Hern on January 26, 2010
Confused by economics? Then you may enjoy this humorous video by Yoram Bauman, The Stand-Up Economist.
Posted in Economics | Tagged economics, humour, video
By Matt Hern on December 14, 2009
In the life planning step of my “Save For The Significant” process one of the common goals is a dream wedding.
Parents often list a goal of wanting to contribute to their children’s weddings. And independently minded young couples often want their dream wedding without the “suggestions” from their well-meaning parents – thus they want to [...]
Posted in Planning, Saving | Tagged cost of significant things
By Matt Hern on December 11, 2009
My last article on Making Money Writing About Your Passion prompted this enquiry from regular reader, Nick:
“how can you generate an income stream from e-marketing and even sales of products of your expertise and knowledge”
You can make money from your expert ideas in your head – it’s called thought leadership. (I also recently wrote about [...]
Posted in Profitable Passions
By Matt Hern on December 7, 2009
Ever since I was in high school I have striven to discover how to pursue my passions and make money doing so. Technological and social advances in the last decade have made this possible for us all with very little investment of money. You just start out investing your time, which is fine because you [...]
Posted in Profitable Passions
By Matt Hern on December 6, 2009
On Thursday I conducted a webinar in which I addressed the top three types of financial decisions that are on your mind, as submitted in the recent survey.
Almost all respondants said that they think about these things daily or a few times a week. That is a lot of time and energy consumed on money [...]
Posted in Growing, Planning, Saving | Tagged video
By Matt Hern on November 23, 2009
“Chimerica” describes the combination of the Chinese and America economies, which when the term was coined had become the driver of the global economy. In an article in The Weekend Australian over the weekend (21-22 November 2009) authors Niall Ferguson and Moritz Schularick discuss how the past structure of this relationship needs to die a [...]
Posted in Economics
By Matt Hern on November 19, 2009
You may be familiar with the adage that to a person with a hammer every problem looks like a nail.
This is very applicable in the world of financial advice and many clients are not aware of it.
Unfortunately, when you don’t know any different you are often also oblivious to the consequences, which include:
Missed opportunity
Higher stress [...]
Posted in Getting Advice, Planning | Tagged financial advice
By Matt Hern on November 19, 2009
Today, KPMG partner Bernard Salt is a well known commentator in the media as a perceived expert on demographics, especially in relation to its impact on property.
In his article in The Australian today Bernard Salt shares some of his lessons from his media journey, which started twenty years ago at the age of 32. It [...]
Posted in Passionate Careers | Tagged career advice
By Matt Hern on November 9, 2009
With two interest rate rises already under our belts more people are asking me if they should be fixing their rates. Read on to discover the pros and cons and if fixing your interest rates may be right for you.
Posted in Managing Debt | Tagged interest rates
By Matt Hern on November 5, 2009
Do-it-yourself financial planning can be costly because often you don’t know what you need to know. With a litte more knowledge you would make a more informed financial decision that can both save and make you money.
This was clearly illustrated in my conversation just now with one of the other tenants in my office building. Let’s call [...]
Posted in Getting Advice, Planning, Superannuation | Tagged salary sacrifice, superannuation, value of financial advice
By Matt Hern on November 5, 2009
Want to save more money? Then pay for financial advice. That is the one of the findings revealed in this latest research by KPMG/IFSA. Clients of financial planners on average save over $2,400 per year more.
Posted in Getting Advice, Saving | Tagged financial advice, ROI, Saving, value of financial advice
By Matt Hern on November 3, 2009
SMH article: “Finance advisers mostly a sales force, report says” is wrong and potentially more misleading to you than product-aligned advice.
Posted in Getting Advice | Tagged financial advice
By Matt Hern on October 30, 2009
Whilst lots of fun the festive season actually can be one of the biggest creators of financial pain. With a little bit of prior financial planning it doesn’t need to be that way for you.
Posted in Saving | Tagged christmas saving, debt hangover