It’s that time of year again. We know everyone is thinking about Christmas shopping and parties, but don’t forget it is almost the New Year. What better way to start the new year than with a few New Years Resolutions, particularly some financial ones!
Here are our top 5 new years resolutions to have you start the new year without a financial hangover.
There has been much talk in media recently around the recent spate of lending institutions increasing the home loan lending interest rates out of cycle, the main reasons for this being the cost of funding.
There is a prediction that due to increases in interest rates around the world that Australia will likely see increases in our own RBA rates. What is unknown is the timing on this increase and how fast it will go up.
This uncertainly causes pause to consider your own home lending and review variable and fixed loan options.
The startup economy is booming in Australia. Driven by innovation it is tipped that by 2033 startups will play a huge role in our economy by contributing as much as $109bn or 4% of GDP and 540,000 jobs.
With this increase in numbers, the failure rate of startups is likely to soar. A report by the International Business Times in May 2017, suggested the failure rate was 50%. One of the reason for this was due to Capital Issues. So can you ensure your startup doesn't fail due to financial reasons?
How the Royal Commission is influencing the general perception of Financial Advisors
Some commentators on the current banking Royal commission paint a picture suggesting you can’t trust any financial advisor. Most reporters suggest Financial Planners lack best practice values, which to my belief is a sweeping generalist view.