In an age where one French pastry a week costs more than private health insurance, breakfast for two is steeper than a tank of petrol, and houses in metropolitan Australia cost more than an 84-acre island off Vanuatu, it’s almost impossible for young Australians to save money.
But why are we cracking open our piggy banks five years into our careers, only to find an expired HelloFresh voucher and a few stray bobby pins? Here’s why.
Rentvesting. It’s the new new thing. Buying an investment property while continuing to rent elsewhere.
Most do it with no intention of ever living in their purchase. For many it’s a way to hedge against ever rising property prices, in the hope that one day the sale of their investment property will provide a decent deposit for the home of their dreams.
There are benefits to getting on the property ladder for sure. But property investing is not without its share of risks, and so if you’re considering taking the plunge you should make yourself aware of the key ones.
Here then are six risks you ought to consider when investing in property.
Finding a place to rent (let alone buy!) in Australia can be competitive and stressful, and sometimes downright exhausting. This week, Harry shares his take on how to budget for your rent. Maybe you can afford to rent out that two-storey townhouse after all! Continue reading “Ask Harry: How much rent is too much rent?”
The beauty of budgeting is that it helps you realise when you’re making ridiculous impulse purchases at IKEA again, but what a lot of Australians don’t realise is that a bundle of that extra money you could be saving each month is disguised as ‘essential purchases’ in your budget.
Here are 10 ways to trim the fat from your budget this year and save a bucket load.
One of the major flaws with the current education system is that more often than not you come out the other end of it knowing how to make a mean diorama but have absolutely no idea what hell compound interest is or how powerful it can be.
Morgan and Nicolette love big ideas, startups and keeping things local. They were part of the founding group at Thankyou and later started YourGrocer, a same-day delivery service from local grocers, butchers, bakers and shops. We sat down over brisket at Le Bon Ton to talk life, work and money.
Recently, Clover was included in the above article with the headline: “Desperate deposit savers turn to risky strategies”. While some of the other investment strategies mentioned in the article are extremely risky — specifically speculative stocks and margin trading — Clover is absolutely not on that same risk scale.
Note: This post was originally published and sent to our clients on November 10, 2016, the day after Donald Trump was elected President. At that moment, global stock markets were falling, and many investors were panicking. We’re reposting now — unedited — our advice to hold through volatile times. Thankfully, the overwhelming majority of our customers did continue to hold their investments, and have been rewarded with significant growth since November 2016.