The Money Guide provides you with free tips to help you make clear, informed financial decisions on your journey to a better lifestyle. This site is proudly brought to you by Certified Financial Planner professional, Matt Hern.
To find the money tips you seek navigate this Money Guide by either: using the free text search box in the top-right corner; by using the category menu above; or using the tags to the right.
By Matt Hern on December 7, 2009
Are you are goal setter? Do you like to be purposeful about the way you live, experience and achieve? If so, then this e-book is brimming with ideas to help you kick start the new decade. My article, “How To Have Enough Money For What You Want” is on page 17. Most things in life [...]
Full Story »Posted in Featured, Planning | Leave a response
By Matt Hern on December 6, 2009
On Thursday I conducted a webinar in which I addressed the top three types of financial decisions that are on your mind, as submitted in the recent survey. Almost all respondants said that they think about these things daily or a few times a week. That is a lot of time and energy consumed on [...]
Full Story »Posted in Featured, Growing, Planning, Saving | Tagged video | Leave a response
By Matt Hern on November 9, 2009
With two interest rate rises already under our belts more people are asking me if they should be fixing their rates. Read on to discover the pros and cons and if fixing your interest rates may be right for you.
Full Story »Posted in Featured, Managing Debt | Tagged interest rates | 4 Responses
By Matt Hern on September 11, 2009
Have you ever thought you are not getting as far ahead financially as you think you should, but are not sure why? Then maybe one or more of these three behaviours may be the cause.
Full Story »Posted in Behaviour, Featured, Growing, Saving | Tagged newsletter archive | 1 Response
By Matt Hern on July 24, 2009
Today is Stress Down Day, to raise funds for Lifeline. As part of their promotion of Stress Down Day Lifeline conducted a Newspoll to discover what was stressing Australians. The Newspoll found that two thirds of Australians are stressed about money, second only to being stressed about work. Does that include you? The Lifeline poll [...]
Full Story »Posted in Behaviour, Featured, Planning | Tagged cashflow control, financial advice, newsletter archive, tools | 3 Responses
By Matt Hern on April 7, 2009
At some time during the recent bear market did you sell most or all your investments to cash? Or maybe have you been holding out on your regular investment plan because you haven’t felt comfortable? Watch the video below for some insights into how to decide when to start investing again.
Full Story »Posted in Featured, Growing | Tagged behavioural finance, Global financial crisis, investment, market timing, video | 3 Responses
By Matt Hern on February 19, 2009
As I recently rode around a nearby lake with my daughter I noticed a Find Thirty logo painted on the pavement. The Find Thirty campaign encourages us to complete 30 minutes of physical activity each day as an investment in our physical health. Imagine the possibilities if we also found thirty minutes for wealth? Imagine [...]
Full Story »Posted in Featured, Planning | Tagged Managing your money | Leave a response
By Matt Hern on July 27, 2010
Insurance is a tool to help protect your lifestyle and wealth creation if misfortune strikes. This article provides a brief overview of the four main types of personal risk insurance. Commonly these are referred to under the umbrella term of “life insurance” but they each serve distinct purposes. Think of each type as a different [...]
Posted in Personal Insurance | Tagged income protection insurance, life insurance, total and permanent disability insurance, trauma insurance | Leave a response
By Matt Hern on July 14, 2010
The wealthiest people in the world are entrepreneurs – not passive investors in residential property (the backyard BBQ favourite.) In my experience of working with people many want to start their own business. But their traditional education and employee experience often has not given them the toolkit to succeed. In the video below Cameron Herold [...]
Posted in Self-employment (Business) | Tagged entrepreneurism, video | Leave a response
By Matt Hern on May 7, 2010
Self managed superannuation funds (SMSF) are often sold to people on the basis of getting greater control. That’s rubbish! Every time I hear it I roll my eyes and sigh heavily. An off the shelf fund gives you great control When you are thinking of getting more control over your superannuation, what control are you [...]
Posted in Superannuation | Tagged diy superannuation, newsletter archive, smsf | 8 Responses
By Matt Hern on April 12, 2010
This article is reprinted with permission of the author LawCentral. As with most things whether you use a corporate trustee to run your self managed superannuation fund entirely depends on your situation. Your accountant is the best person to ask. A Corporate Trustee is good if you fall into the following categories: You are secretive and own [...]
Posted in Superannuation | Tagged diy superannuation, lawcentral, self managed superannuation, smsf | Leave a response
By Matt Hern on April 7, 2010
In a study conducted at Stanford University children were left in a room, each with a marshmallow, and given a choice of eating it then or fifteen minutes later, when they were promised a marshmallow as an extra reward for waiting. Imagine you are your five year old self – what would you do in [...]
Posted in Saving | Tagged newsletter archive, Saving | 2 Responses
By Matt Hern on March 30, 2010
A client just forwarded the following parable to me. Have a read and please let me know your reactions in the comments below. The original author is unknown. Tax cuts in terms everyone can understand Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid [...]
Posted in More Tips | Tagged tax | Leave a response
By Matt Hern on March 25, 2010
If you’re already in business you know the importance of building and managing your brand. And you’ve probably heard of Facebook and Twitter. But have you started to harness the power of these communities to interact with your customers, both current and prospective? You may be thinking that since you already have a website for your business you don’t need a Facebook page. Well in this article you’ll discover why it may be handy to have both plus get access to a free guide to setting up your Facebook business page.
Posted in Profitable Passions & Careers, Self-employment (Business) | Tagged personal brand | Leave a response
By Matt Hern on March 23, 2010
Question: My client is distraught. After finding out that her husband’s personal assistant was taking the ‘personal’ part of the job literally, they are now divorced. I am a Western Australian accountant that wants to protect my already fragile client. I hear that divorce invalidates a Will. Should she make a new Will? What happens if she fails to make a new Will? Read the article for the answer…
Posted in Wills | Tagged estate planning, lawcentral, wills | Leave a response
By Matt Hern on March 21, 2010
ASIC, the Australian regulator of most financial services, has published this introductory book called “Investing Between the Flags: A Practical Guide to Investing“. If you are absolutely brand new to planning your money and investing then this book may be useful in enlightening you of concepts that are essential to understand. In a sense it [...]
Posted in Growing | Tagged asic, investment | Leave a response
By Matt Hern on March 19, 2010
The latest Australian Unity Wellbeing Index published today explores what we already know in our gut – that unemployment deeply affects our wellbeing. As the author of the Australian Unity Wellbeing Index, Professor Cummins from Deakin University notes: “[Unemployment] is devastating to the wellbeing of the people directly affected and also to the wellbeing of [...]
Posted in Retrenchment | Tagged redundancy advice, wellbeing | Leave a response
By Matt Hern on March 19, 2010
Recently I’ve written a little about my belief in profiting from your passion and that now is a great time to be able to do that. If you’re early in your journey of exploring this possibility then you may be wondering “why is now a good time?” and “how can I make money from it?” [...]
Posted in Profitable Passions & Careers, Self-employment (Business) | Tagged bookrapper | Leave a response
By Matt Hern on March 17, 2010
The March issue of the Australian Financial Review Smart Investor magazine included a feature of financial advice case studies of people across several generations. I was fortunate to be invited to submit my advice to Scott Gubbins, a member of Generation Y. You can read the case study here. (Courtesy AFR Smart Investor.) Scott’s scenario [...]
Posted in Planning | Tagged media mentions | Leave a response
By Matt Hern on March 12, 2010
Building your personal brand is essential to earning more whether you’re an employee or self-employed. If you haven’t heard that already then you will when you explore career and professional development, and I will be writing more articles about it too. (Check out “Crush It! Why now is the time to cash in on your [...]
Posted in Profitable Passions & Careers | Tagged personal brand | Leave a response
By Matt Hern on March 11, 2010
If you would love to be pursuing and profiting from your passion then I am excited to be sharing this book with you. I’ve just finished reading Crush It! by Gary Vaynercuk. Gary Vaynerchuk passionately believes that now is the time to be cashing in on your passion, and I wholeheartedly agree with him. In [...]
Posted in Profitable Passions & Careers | Tagged book reviews, personal brand, video | Leave a response
By Matt Hern on March 5, 2010
When you decide to establish a business it is first essential that you choose to operate within the appropriate business structure. Should you choose a company, discretionary trust (family trust), unit trust or a combination? The answer will have a significant impact on the tax you pay and the protection of your assets. For an overview of [...]
Posted in Self-employment (Business) | Tagged lawcentral | Leave a response
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