Ever thought of setting up your own business? Maybe you’ve dreamed of turning a hobby into a side-hustle? A 2022 survey conducted by the National Australia Bank (NAB) revealed that 41% of respondents aspired to owning their own business, but only about 9% took the plunge into entrepreneurship. Some reasons for not going ahead included…
Every time you spend money, you’re making a choice about your future. Will this purchase bring lasting value to your life, or is it just a fleeting desire? Will it move you closer to financial security, or will it set you back? Modern marketing doesn’t want you to stop and think about these questions. Brands…
The introduction of compulsory superannuation in 1992, embedded the concept of retirement saving into our investment psyche. While Australia’s superannuation scheme has its complexities, the idea is simple: regularly contribute a percentage of earnings to a complying superannuation fund to provide financial support upon retirement. Well, that’s the plan. But what happens if your savings…
Organising a loan for your business can be an important step in fuelling growth or covering unexpected expenses, but many business owners fall into the same traps during the loan application process. To ensure a smoother application and avoid delays or even denial, here’s the top five mistakes you should watch out for – and…
Facing complex financial decisions, often without adequate knowledge, can be challenging for anyone, but particularly for young people.A recent government study found that 49% of 18-25 year olds lacked the confidence to make financial decisions, while 94% aged 14-17 believed that understanding money-management is crucial. Though schools play an educational role around money in daily…