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Tag: Mortgages

Why are we paying for Sydney’s binge?

        Penalties need to match the crime. And should be meted out to the evil-doer. As a statement, are there any objections? If I didn’t do the crime, should I be punished? So why do I feel like I am being whacked because someone vaguely related to me – like an idiot, […]

How to get around the SMSF property curbs

SUMMARY: SMSF property investors caught up in attack on investor lending by APRA. Self-managed super funds looking to buy geared property are being squeezed for options, as lenders exit the market and jack up interest rates. Lenders have generally moved to limit lending to SMSFs in the wake of pressure from the Australian Prudential Regulation […]

It’s important to teach kids about managing money. How did/do you do it with your kids?

        From inception. In the womb, my DebtKids were played Money, Money by Grateful Dead, Barrett Strong’s Money (That’s What I Want) and Billionaire by Travie McCoy. There was a money mobile over their cots, and were wrapped in to their snuggly quilts featuring $100 notes. Their first soft toy was “Maisy […]

Market tap an insurance policy

    Are we all casually strolling into Armageddon? Hand in hand with that mob we hate/love that oils/finances our lives? I mean, what the hell is going on with our banks? They’ve been announcing record profits, but are now rattling the tins for cash injections, while punishing property investors by sharply increasing interest rates. […]

If you had to cut $100 from your grocery bill this month, how would you do it?

  Is beer a grocery item? If so, easy. I’m done! No, damnit! Why should I be the only one in the house to suffer? Let’s share the pain around. Maybe even more slanted to the DebtKids, as they are non-contributing leaches. (Too harsh?) I have a bigger problem many dads will understand. The only […]

Peer to peer (P2P) lending is on the rise in Australia. What’s your take on it?

              Peer-to-peer lending? If it involves lending to friends and family … are you freakin’ serious! Nothing but horror stories. P2P lending isn’t that. It’s lending to randoms. Via the internet. No emotion. The Terminator. They don’t know who you are. You don’t know who they are. You can’t […]

It’s Dry July at the moment: what’s a financial “vice” that you could cut from your life for a month?

It’s the middle of winter. It’s freezing outside. If this is about sacrifice, I think we could cut out heating at home for the month … … by going to Bali! Which is where I’m writing this from. Cheating? Not in the spirit of things? Financial vices, hmmm. I haven’t got many. When I see […]

What’s better? Tipping money into super or paying off a mortgage?

  Better questions. Who would you rather sleep with? Ladies, Brad Pitt or Matthew McConaughey? Lads, Jennifer Love Hewitt or Heather Locklear? If you’re straight, perhaps you answered a screaming “BOTH!”. If you’re gay or bi, you might have answered two, possibly more. If you’re a Gen Xer and answered one or less … then […]

Australians aspire to own their own home. How do you do it?

Oh, I dunno. Let’s ask a financial expert. The man in charge of Australia’s finances, Treasurer Joe Hockey. “If you’ve got a good job and it pays good money …” Um, Joe, had to punish you for that one again. You walked into it, buddy. The “how” you do it is dependent on only one […]

Is all debt bad? What’s the difference between good and bad debt?

            All bad? Hell no! Stupid question! Are you bat-crazy, like Kanye West? Or just out-of-your-mind, like Charlie Sheen? Seriously? How can all debt be bad? If you’re not convinced, ask yourself the following simple question: “Who could buy their first home without debt?” A tiny fraction of 1 per […]