Money Made Simple Blog

Imagine a Peaceful Money Life getgoodwithmoney moneybasics Jun 19, 2022

In the movie “Miss Congeniality” (stay with me, there is a point), there is a scene where each of the beauty pageant entrants are asked what they want most, and nearly all say “World Peace”.  
While wanting everywhere in the World to be peaceful is a lovely idea, it’s a pretty tricky concept to make ...

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Rising Interest Rates versus Overall Inflation financialliteracy learnaboutmoney moneybasics Jun 17, 2022

There’s been a lot of talk lately about rising interest rates and there’s a lot of concern around what that’s going to mean for the family budget.

What the Reserve Bank is trying to do is curb inflation and pull back the rising cost of goods and housing.

With inflation officially sitting at 5.1% (the ...

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Take Charge of Your Investments building wealth investing learnaboutmoney Jun 15, 2022

In my last post I talked about how I was overhauling my finances and ditching a Financial Advisor who was happy to take my regular commissions, and provide no value in return.

Here are some important considerations to help you take control of your investments:

Step 1: Risk Profile

There are a number ...

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Take Charge of Your Finances financialliteracy getgoodwithmoney learnaboutmoney Jun 13, 2022

Many years ago I went to see a Financial Advisor to get my “money sorted”.  I have to admit to being pretty naïve, and I bought the sales pitch hook, line and sinker.  I have since been on a research and clean up exercise and what a journey!

I found that I was paying more than 3% in fees on my supera...

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How Money Resilient Are You? financialliteracy moneybasics Jun 11, 2022

We live in an age of buzz words, and one that I'm hearing a lot at the moment is about being "resilient". No matter what one's age or stage in life, resilience seems to play a part.

When my daughter was 18 months old, I read quite a bit about toddler development and "conscious parenting" and raising ...

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A Money Apple a Day... building wealth financialliteracy moneybasics Jun 09, 2022

An apple a day keeps the dentist away - isn't that how the saying goes?

I remember hearing this a lot as a kid. Not that my parents made me actually eat an apple every day, but the metaphor was clear - do something small each day (like brushing your teeth), and you won't have problems with your teeth...

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Basic Money Terms and What They Mean financialliteracy getgoodwithmoney moneybasics Jun 07, 2022

When talking about money, there are some terms that get thrown around that many people assume everyone knows.  The thing is, unless you work in a financial industry (and even if you do), how do you learn these terms and what they really mean?

There are no “money basics” classes in our schools.  If an...

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Do You Have a Fun Fund? getgoodwithmoney learnaboutmoney savingmoney Jun 05, 2022

OK, enough “serious” talk about money (from earlier blog posts) – income, spending, saving, investing and legacy. 

What are some of the things we want money for?

To house, feed and clothe us for starters.  What about fun stuff?  For me it’s travel and photography, primarily.  For my husband it’s h...

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Your Money Beliefs beliefs moneymindset Jun 03, 2022

This might be a slightly left field question, but do you know what your Money Beliefs are?  

Before you answer, I’ll briefly go into what I think Money Beliefs are, and how they come about.

Beliefs are essentially “passed down” or "acquired" – from our parents, our grandparents, friends, colleague...

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Earning 6-Figures: Blessing or Burden? building wealth learnaboutmoney Jun 01, 2022

If you're earning a 6-figure income - congratulations! Chances are you didn't start earning 6 figures when you began working, so it's a heady feeling now having exceeded what is for many people a lifelong earning ceiling.

Whether you're conscious of it or not, there is a change in how you think about...

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Article on Becoming a Millionaire building wealth investing May 30, 2022

Because money is at the forefront of nearly everyone’s minds at some point during their day, there is a LOT of information out there about money – how to make it, how to invest it, how to get rich quick, and how to become a millionaire (doesn’t that sound great!).

Like all information – there is so...

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Money Pillar #5 - Legacy donating estate planning moneypillars personal insurances May 28, 2022

There are three (3) elements to this final Money Pillar:

  1. Personal Insurances
  2. Estate Planning
  3. Giving Back.

Personal Insurances

Most people hold their personal insurances inside their superannuation - Life Insurance, Total and Permanent Disability (TPD) Insurance, Trauma Insurance, and even I...

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