SlideShare uma empresa Scribd logo
1 de 11
10 Tips To Be Money Smart
                                             Source:




 1. Plan a change

A lot of people dream of a better life, spending quality time with their family, travelling around the world, living in their
dream home, driving their dream car, work-life balance, early retirement, being their own boss and many other wishes. But
they don’t know where to start and what to do first. If you don’t know where you are and where you are going you are
probably not going anywhere.




                       Go for a FREE financial health check and get to know where you are now.
2. Budget and save


By the time you pay all your bills, your mortgage and everyday expenses, including those cups of coffee and other odds and
sods, it can feel like your money’s just been frittered away into thin air. Tracking your money and doing a budget can help.
It shows you what you spend, how much you need, and where you can make savings.




                                Spend less than you earn and PAY YOURSELF FIRST!
3. Credit card and debt


If you do have a massive debt, getting rid of it should be number one priority for most people. For starters, repay more than
the minimum required each month. Also think about setting up a direct debit to pay a fixed amount into your card debt
every pay day. Credit card debt can be the most expensive and the most destructive debt if you are not an advanced player
in the money game.




                               Ask for help to reduce your bad debt ASAP or it kills you!
4. Protect yourself

Do not assume that you know how everything works coz it’s not always as simple as your car insurance. Talk to an
insurance broker, reviewing your position, budget and goals to find the best protection strategy and cover level that suits
you not the insurance company. Also always read the fine print!




                                     It’s always worth paying an affordable premium
                                          to protect what you can’t afford to lose!
5. Grow, blow and mojo account

Scott Pape – the Barefoot Investor – often talks about diving income into these three buckets. Grow your concrete savings in
a high interest bearing account. Blow your daily and regular expenses by a normal low/no fees everyday banking account.
Mojo or emergency money account that hopefully you don’t have to use, but it’s always a peace of mind to know that it’s
there.




                          Re-structure your bank accounts to make the most of your money.
                          You can also save tax. Talk to your accountant or financial adviser!
6. Superannuation

Super is one of the easiest and tax efficient ways to save money for your retirement coz your employer and your super fund
do all the work for you. It’s still your money and you’d better consolidate them in one place and keep an eye on it.




                                       Do not just watch your super growing.
                            ASK experts how to make the most of it even before you retire!
7. Mortgage

Keep updated on the interest rates and adjust your strategy accordingly. Keep making extra repayments and save thousands
in interest and cut years of your loan. Offset your savings against your loan and save tax too!




      Ask your consultant or broker how you can get the milk out of your mortgage and you will be surprised!
8. Tax planning

Tax planning is one step beyond your simple tax return. You plan how to spend and how to play the game to save more tax
in the future. Do not fly solo as it has to be done absolutely legally by qualified experts. You don’t have to and probably
don’t want to know all the boring accounting stuff. Let someone else do it for you even better, faster and on their own risk!




                                     You don’t have to be a CFA to be tax wise.
                               Team up with experts, plan your work and work you plan!
9. Buying your first home

Buying your first home is both exciting and nerve racking. It is a major decision that takes planning and research. Your
home is probably the biggest investment in your life, so it may be worth visiting a consultant before you step into the game.
You may have dark corners in your mind about the deposit, employment and saving records, loan options, pre-approvals,
final approvals, conveyancing, settlement, etc.




 Spending about half a million dollar on your first home, it makes perfect sense to pay couple of thousand bucks to
                                     ASK FOR ADVICE AND DO IT RIGHT!
10. Start a business or an investment

If you do it right and persist, you will get to a point that you have big savings in your hand ready to do something with it.
This is the real turn that can change your life both in a good or a bad way. This is an area that you need another life time to
try and error things but you can get it right the first time when you ask the people who have already walked the walk.




                               If you are stupid enough to DIY, you would better not do it!
                                   Instead, enjoy having some great nights by the beach!
Level 10, 50 Market St, Melbourne VIC 3000
                   Tel: 03 9717 8186 Fax: 1900 970 848


              www.ParsFinance.com.au

Book your visit today and we’ll work on it together!

Mais conteúdo relacionado

Mais de Pars Finance (13)

Types of Credit Farsi
Types of Credit FarsiTypes of Credit Farsi
Types of Credit Farsi
 
Saving Money - Farsi
Saving Money - FarsiSaving Money - Farsi
Saving Money - Farsi
 
Paying Bills - Farsi
Paying Bills - FarsiPaying Bills - Farsi
Paying Bills - Farsi
 
Insurance - Farsi
Insurance - FarsiInsurance - Farsi
Insurance - Farsi
 
Household Budgets - Farsi
Household Budgets - FarsiHousehold Budgets - Farsi
Household Budgets - Farsi
 
Debt - Farsi
Debt - FarsiDebt - Farsi
Debt - Farsi
 
Credit - Farsi
Credit - FarsiCredit - Farsi
Credit - Farsi
 
Contracts - Farsi
Contracts - FarsiContracts - Farsi
Contracts - Farsi
 
Banking - Farsi
Banking - FarsiBanking - Farsi
Banking - Farsi
 
Business Setup Process
Business Setup ProcessBusiness Setup Process
Business Setup Process
 
Australian Sharemarket Performance
Australian Sharemarket PerformanceAustralian Sharemarket Performance
Australian Sharemarket Performance
 
Business packages
Business packagesBusiness packages
Business packages
 
9 Things You Must Know About Health Insurance
9 Things You Must Know About Health Insurance9 Things You Must Know About Health Insurance
9 Things You Must Know About Health Insurance
 

Último

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
kauryashika82
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 

Último (20)

Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural ResourcesEnergy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Asian American Pacific Islander Month DDSD 2024.pptx
Asian American Pacific Islander Month DDSD 2024.pptxAsian American Pacific Islander Month DDSD 2024.pptx
Asian American Pacific Islander Month DDSD 2024.pptx
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Role Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptxRole Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptx
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docx
 

10 Tips To Be Money Smart

  • 1. 10 Tips To Be Money Smart Source: 1. Plan a change A lot of people dream of a better life, spending quality time with their family, travelling around the world, living in their dream home, driving their dream car, work-life balance, early retirement, being their own boss and many other wishes. But they don’t know where to start and what to do first. If you don’t know where you are and where you are going you are probably not going anywhere. Go for a FREE financial health check and get to know where you are now.
  • 2. 2. Budget and save By the time you pay all your bills, your mortgage and everyday expenses, including those cups of coffee and other odds and sods, it can feel like your money’s just been frittered away into thin air. Tracking your money and doing a budget can help. It shows you what you spend, how much you need, and where you can make savings. Spend less than you earn and PAY YOURSELF FIRST!
  • 3. 3. Credit card and debt If you do have a massive debt, getting rid of it should be number one priority for most people. For starters, repay more than the minimum required each month. Also think about setting up a direct debit to pay a fixed amount into your card debt every pay day. Credit card debt can be the most expensive and the most destructive debt if you are not an advanced player in the money game. Ask for help to reduce your bad debt ASAP or it kills you!
  • 4. 4. Protect yourself Do not assume that you know how everything works coz it’s not always as simple as your car insurance. Talk to an insurance broker, reviewing your position, budget and goals to find the best protection strategy and cover level that suits you not the insurance company. Also always read the fine print! It’s always worth paying an affordable premium to protect what you can’t afford to lose!
  • 5. 5. Grow, blow and mojo account Scott Pape – the Barefoot Investor – often talks about diving income into these three buckets. Grow your concrete savings in a high interest bearing account. Blow your daily and regular expenses by a normal low/no fees everyday banking account. Mojo or emergency money account that hopefully you don’t have to use, but it’s always a peace of mind to know that it’s there. Re-structure your bank accounts to make the most of your money. You can also save tax. Talk to your accountant or financial adviser!
  • 6. 6. Superannuation Super is one of the easiest and tax efficient ways to save money for your retirement coz your employer and your super fund do all the work for you. It’s still your money and you’d better consolidate them in one place and keep an eye on it. Do not just watch your super growing. ASK experts how to make the most of it even before you retire!
  • 7. 7. Mortgage Keep updated on the interest rates and adjust your strategy accordingly. Keep making extra repayments and save thousands in interest and cut years of your loan. Offset your savings against your loan and save tax too! Ask your consultant or broker how you can get the milk out of your mortgage and you will be surprised!
  • 8. 8. Tax planning Tax planning is one step beyond your simple tax return. You plan how to spend and how to play the game to save more tax in the future. Do not fly solo as it has to be done absolutely legally by qualified experts. You don’t have to and probably don’t want to know all the boring accounting stuff. Let someone else do it for you even better, faster and on their own risk! You don’t have to be a CFA to be tax wise. Team up with experts, plan your work and work you plan!
  • 9. 9. Buying your first home Buying your first home is both exciting and nerve racking. It is a major decision that takes planning and research. Your home is probably the biggest investment in your life, so it may be worth visiting a consultant before you step into the game. You may have dark corners in your mind about the deposit, employment and saving records, loan options, pre-approvals, final approvals, conveyancing, settlement, etc. Spending about half a million dollar on your first home, it makes perfect sense to pay couple of thousand bucks to ASK FOR ADVICE AND DO IT RIGHT!
  • 10. 10. Start a business or an investment If you do it right and persist, you will get to a point that you have big savings in your hand ready to do something with it. This is the real turn that can change your life both in a good or a bad way. This is an area that you need another life time to try and error things but you can get it right the first time when you ask the people who have already walked the walk. If you are stupid enough to DIY, you would better not do it! Instead, enjoy having some great nights by the beach!
  • 11. Level 10, 50 Market St, Melbourne VIC 3000 Tel: 03 9717 8186 Fax: 1900 970 848 www.ParsFinance.com.au Book your visit today and we’ll work on it together!