Interest Rate Cut - COVID-19
19/03/2020. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
The RBA has reduced the official cash rate to 0.25%.
In an attempt to prevent the Australian economy going into recession due to the global pandemic, COVID-19, the Reserve Bank of Australia (RBA) has met on Thursday March 19 and opted to reduce the cash rate again, making it the second reduction in March. Ordinarily, the RBA meets on the first Tuesday of every month, except January. Most banks passed on the full 0.25% at the beginning of March to give borrowers some relief on debt repayments, however this current reduction will serve more to protect jobs from being lost by giving business loan customers relief.
The Nine Most Important Investment Tips
13/06/2019. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services. Written by Dr Shane Oliver, AMP Capital
This article features nine investment tips given by AMP Chief Economist Dr Shane Oliver.
Whether you’re experienced or just starting out, Dr. Oliver’s advice will definitely be worth your time as he breaks down strategies and key areas you need to know as an investor.
For access to the full article, click here and enjoy the read.
2019 Federal Budget sumamry
3/4/2018. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
Federal Treasurer Josh Frydenberg has handed down the Morrison Government’s first Federal Budget.
Among the proposed changes were personal income tax cuts and changes to super rules. Here’s a round-up of the proposals put forward and a look at how they might affect your household expenses and financial future, whatever your stage of life.
Remember, at the moment these are just proposals and could change as legislation passes through parliament.
Proposed Changes to Franking Credits
14/12/2018. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services. Written by Dermot Ryan, AMP Capital
Do you know how changes to franking credits could affect you?
Market Update 7 December 2018
14/12/2018. Written and posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
An insight into how the market has performed in Shane Oliver’s most recent AMP market update.
This article provides insight into the global economic market, and how Trump’s recent meeting with XI impacted global shares, the Australian economy and many more relevant market segments.
These market updates are a great read as they give you important information about your current economy and how it could potentially impact your investments.
To gain further knowledge in the current market be sure to read this article below.
How can you give your kids money smarts?
21/09/2018. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
Giving your kids the opportunity to become financially aware could set them up for a successful future.
With every passing year comes a bigger responsibility to become ‘money smart’ for your kids. This is due to the increasing costs of basic living, which includes necessities such as food, shelter etc.
By teaching your kids good money habits now, you could save them in their early adult life so they don’t turn to expensive forms of debt to fund their lifestyle.
To begin your financial journey with your kids, be sure to read this article below.
tAX sCAMS THIS FINANCIAL YEAR - WHAT TO LOOK OUT FOR
25/06/2018. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
This financial year is the first time that employees can claim a tax deduction for their personal super contributions.
Each year, thousands of Australians have been caught up in scams from people purporting to be the ATO, losing millions of dollars in the process.
Don't become a statistic - read on to find out what to look out for.
Could you be entitled to a tax deduction on your personal super contributions?
25/06/2018. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
This financial year is the first time that employees can claim a tax deduction for their personal super contributions.
Personal super contributions made during the 2017-18 financial year can now be claimed as a tax deduction by most Australian workers.
This follows changes made by the government which came into effect on 1 July 2017.
EIGHT STEPS TO IMPROVED CASHFLOW... AND LIFESTYLE
25/03/2018. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
Imagine feeling on top of your finances. Knowing you’re in a position to enjoy your life today, while also saving for tomorrow.
If that sounds good to you, you’re not alone. In a recent survey, 54% Of Australians aged 55-64 strongly agreed they’d like that to.
Yet, many of us don’t feel like we’re in that position. Financial stress is actually so common that 24% of Australian employees are affected by it. And it can have an impact on all areas of life - psychological health, morale and the ability to fulfil day-to-day responsibilities.
What's your Debt age?
25/03/2018. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
Tools and resources to help you manage your debts.
Regardless of what type of debt you have - or its size - managing it effectively is crucial. As a first step, it’s a good idea to have a budget to get a clear picture of your financial situation.
Once your budget is in place, you can consider your financial goals.
If reducing your debts is one of these, the AMP debt reduction calculator could help, or contact us to devise a strategy to keep your repayments on track so you can be debt-free.
preparing for the time of your life
25/03/2018. Posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
The choices we make in life have a big influence on our personal happiness and also on the wellbeing of those we love. Sometimes we anticipate choices with a sense of excitement. And sometimes life throws us curve balls in the form of unexpected events and important decisions.
Perhaps you are thinking about a career change or how to achieve a better work/life balance? Maybe you are about to take the plunge into the property market, or choose a school for your child?
Whatever choices are ahead of you, it’s better to be in the driver’s seat than just winging it. The more you plan ahead, the better prepared you’ll be for the good things in life.
SUPER CONSOLIDATION – SEEMS TOO HARD, BUT COULD COST YOU LATER.
3/11/2016. Originally written and posted by Adam Farrell, Financial Adviser - Fast Track Wealth Services.
Multiple super funds? Putting it in the too hard basket? Read on…
Super…that thing that sits in the background of our thoughts and probably gets considered once a year when your statement/s turns up. You know - those envelopes that get posted to you yearly and don’t get opened - just tossed in the filing cabinet!? Don’t worry, you’re not alone.
