We sat down with Vinomofo Co-founder and CEO Justin Dry to talk about money management, why his nanna is the best, and why he’s been waiting for something like Clover.com.au to hit the Australian market for a long time. Continue reading “Two Minutes with Vinomofo CEO Justin Dry”
There’s a saying among seasoned pilots that flying can best be described as long stretches of boredom punctuated by moments of sheer terror.
Many investors, reeling from the recent pullback in the US sharemarket that commenced on 5 February after the stellar returns of 2017, would no doubt share these sentiments.
For newer investors who’ve never experienced a share market pullback of this size and speed, the recent movements must have been nerve-wrecking. Media headlines screaming “market rout”, “bloodbath” and “worst point decline in history” certainly didn’t help matters either, stoking fear in the investing public for the sake of clicks, views and readership.
If you’ve just had your first experience of a sharemarket dip, welcome to the club. Grab a seat and catch your breath. It may be your first market correction but it will almost certainly not to be your last. All-time sharemarket highs followed by the occasional reversal are a feature, not a bug, of long-term investing.
With Valentine’s Day coming up this week, loved up couples everywhere are talking dinner plans, presents and romantic gestures. But there’s one other thing you might want to bring up with your special someone and that’s money.
Because, ok, while financial discussions might not seem like the most romantic topic under the sun, having an open and honest conversation with your partner about money management and financial goals is an important step in any relationship.
But, since it can also be a tricky subject to bring up, Kirsty Lamont from comparison site Mozo has shared five money conversations that you might need to have with your significant other and her tips on how to tackle them without killing the mood. Continue reading “5 important financial conversations to have with your partner”
We’re partnering with our friends over at Vinomofo and are raising a glass to your financial future!
Until 17 March 2018, when you open a new Clover account, you’ll receive a free* case of mixed red wine from Vinomofo.
You’ll get all the benefits of Clover’s low cost, hassle free investing, superb customer service AND a case of wine.
Then head over to this page or click the button below to learn more.
*Promotion expires 17 March 2018. Minimum $2,500 investment held for six months. If you close your Clover account before six months, you will receive your invested funds in full, less the case of wine’s $119 value.
Click here to read the full promotional terms and conditions.
It’s a word many of us associate with being cheap, mean with money or stingy – just like Scrooge McDuck. Although wealthy, Disney’s Scrooge is a particularly greedy, cruel and selfish miser who keeps his cash in a giant money bin and is reluctant to even pay Donald a mere 5 cents an hour to polish his coins.
But Scrooge gives the word ‘frugal’ a very bad name. Taken out of the Disney world, some might think a frugal duck is one who is paranoid about money, stealing everything not nailed down from a hotel room and stashing 25 cafe satchels of sugar in their pockets after a coffee.
But frugal just means fiscally conservative – or smart with money. And who doesn’t want to be smart?
Here are the real benefits of being a bit more frugal:
Ask a seasoned Australian investor, and they will have little doubt about why they put their money to work. They’re thinking about retirement, paying off homes and giving their kids a financial boost, building great businesses – building wealth.
But when it comes to younger Australians, it’s more challenging to encourage them to start making smart investment choices. The vast majority don’t invest at all, with many saying they can’t afford it or simply don’t know enough.
One thing people tend to forget when they’re trying hard to save money is that it isn’t just about budgeting and cutting back your expenses. You can and should also explore ways to earn more money as well.
Finding ways to increase your income can help you grow your wealth and even hit financial goals faster. There are several ways you can earn a bit more money on the side, like asking for a raise or doing a bit of freelancing in your spare time.
However, the best forms of additional income are low maintenance and effort, because unlike money, you can’t grow your time.
Here are three ways to earn more money while keeping your day job.
It’s a fact: Living with housemates can be stressful, even at the best of times.
Waiting for your turn in the shower, people pinching your food or the pile of dirty dishes always cluttering up the kitchen sink are just the tip of the share house nightmares iceberg.
On top of these common pain points, shared living often comes with awkward conversations surrounding the splitting of shared expenses.
Even at the best of times, relationships can be difficult. Although most of us seek true love and that tale of ‘happily ever after’, it’s a total myth that if you find just the right person to spend your life with, you’ll never experience any conflict.
Even if you are with a very special someone who’s really suited to you, it’s never smooth sailing all the time. But there’s something that really can spell troubled waters for many, many couples:
Benjamin Franklin once wrote that only two things in life are certain: death and taxes. It’s also tempting to conclude that they may be the things that most worry us – but you’d be wrong.
Death, and our health more generally, may be important to us, but there’s something we are more afraid of: