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Author archives: David Hasib
Home Loans and Additional Repayments
Why Make Additional Repayments?
The ability to make additional repayments on a home loan is an important consideration for anyone taking a loan as regular additional repayments have the potential to save thousands of dollars over the life of your loan. Making additional repayments significantly reduces the length of the loan, resulting in potentially huge savings in interest charges.
The curse of the GINA: the more you earn, the less you end up with
If you are aged between 25 and 45, earn a good income, but are still renting and have no assets of any real value, you could well be a GINA, as in Good Income, No Assets.
So you’re not saving for or paying off your home. So what? You earn good money. Drive a nice car. Wear nice clothes. Travel to exciting places. Have a great life. And you have compulsory superannuation for the future. What’s wrong with that?
Estate planning – don’t leave it until it’s too late
Estate planning is simple way of ensuring that your estate is passed onto your beneficiaries in the most financially efficient and tax effective way.
The most commonly used estate planning tool is a Will. A Will outlines how you want your assets distributed after your death and provides a simple way to ensure your family members are looked after financially in the event of your death.
9 ways to boost your bottom line in 2010
The end of the 2009/10 financial year is already approaching, so now’s the time to examine your situation and ensure your finances are as tax effective as possible. Here are 9 ways to boost yourfinancial bottom line.
