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No matter where you are on your financial journey, you should know that it’s possible for anyone to take charge of their financial life . But, as with most things, sometimes that very first step is the hardest part. #Saving #investments #motivation #Quickfix #SaveMoney
1) Turn off the television:There are a lot of financial benefits to this: less exposure to ads, a lower electric and cable bill and more time to take up a side business or a part time job.
2) Clean out the Closet: Stop buying new clothes and shoes. Organise your closet. Mix and match existing stuff. Sell the rest on Ebay or have a Garage sale.
3) Making a List & Checking it twice: Write down a list before you go shopping and stick to it.
4) Invite friends home: Have a blast at home with themed parties or potlucks and save big money by staying out of restaurants.
5) Repair your clothes: How often do you toss out clothes because of a missing button or a wine stain? Learn easy and quick sewing tricks and save money. Paint over or iron on a patch over small holes or stains to make funky home clothes or gardening clothes.
Remember, a small first step takes you a long way. Talk to Madhu on 0425 341 086 to share your savings tips. Read more tips and ideas on Facebook.
#savings #Investment #Inspiration #Motivation #Planning
Maybe you don’t want “regular commitment.” Plan a weekly outing to look forward to. Visit a museum or a shop you have passed but have never gone into. Get your nails done. Do this with friends or go solo. Plan one outing and resist others, thus saving money.
Possibly you are at a stage in life where none of these work well for you. Perhaps you have children at home or an elderly parent who needs you most In this case, Get a little creative. Try genealogy or blogging. Set some personal goals. Resolve to read a certain number of books each month, for instance. If you like to cook, try a new recipe every week.
Most of all, be kind and gentle with yourself as you decide how you want to make changes. No need to rush. Making the decision to make a change is in itself a big step. Once you know you want something fresh in your life, you may be surprised at how many opportunities seem to come your way. Keep an open mind and enjoy the exploration as you re-energize your life!
For advice on how to save and for goals to better financial health, call Madhu 0425341086 or email at loans@financeandmortgage.com.au.
Let's imagine there are two guys - Let's call them John & Bill.
John has a plan that says that at the age of 55, he will accumulate enough ASSETS (net of debt) to produce an annual income of $70,000 so that the money never runs out & keeps up with the rising cost of living. #Money #Business #Savings #Investments #Retirement #CostofLiving #Bills
To achieve this objective, John only needs an annualized return of 8% on his investments.
Bill on the other hand, has NO PLAN. He has a random "investment" that supposedly generates a 300% return in a haphazard way. Due to Bills unplanned & sporadic approach to his future, Bill runs out of money at the age of 71.
'Does it matter if John only gets a 8% return?'
Moral of the story: in the world of money the best question is NOT how much return can I get?
Rather, the best question is what do I need to do to have enough money each year, so my money never runs out & keeps up with the cost of living.
- Ron Malhotra
Call Madhu on 0425 341 086 for financial advice tailor made to suit you. Read more related topics on our Facebook page or read other related blogs here.
Renovation paint card
Purchasing a home is a big expense and responsibility. When you take possession or live in a home for a few years, you tend to want to make changes. The following are the top 5 most popular and value adding renovations you can do for your home.
#homeowner #HomeBuyer#Renovation #Construction #HomeLoan #Mortgage #DIY
Entry Door
Your front door is the first impression many visitors will have of you and your home. Getting a door that suits your taste allows you to differentiate yourself from your neighbors. A steel entry door provides the best value, security and energy efficiency or a fresh coat of bold paint will make a statement. It also makes an easy DIY renovation project.
Wooden Deck
When home buyers look at houses, a deck is one of those items that almost everyone can picture throwing a party on. It also adds a lot of value and added usable space in your home.
Pergola
A pergola offers a sleek and stylish option to not only protect your deck investment, but also you and your furniture. Having a covered portion of your deck allows you to still use your beautiful deck and backyard even in difficult weather.
Kitchen
The kitchen is often the room where every member of the family spends the most amount of time. Unfortunately, it is also one of the most expensive rooms in the home to renovate. As kitchen cabinetry trends go in and out of style within a decade it can often be the one area of your home that can look dated quickly. An updated paint job or just changing the hardware will make a big impact.
Garage Door
Finally, the garage door is often neglected. It represents about 20% of the front of your home visually if it faces the front. A new automatic electric door can also provide that luxurious comfort of simply driving into the garage during hot summer or cold winters, making its value and luxury unbeatable.
Contact Madhu on 0425 341 086 to value your home and to capitalise on your property's equity.
Container home
As a home owner one of your main considerations will be initial and ongoing maintainance costs. A new trend to consider is a container home. #HomeBuyer #FirstHome #Homeconstruction #GrannyFlat #HomeLoan #Containerhome #innovation
These homes are made from old shipping containers which are then modified to fit the size requirements of the home owners. They can be used as building blocks for homes, granny flats, shops or offices. The containers are like giant Lego blocks that can be built into anything at all.
They are cost effective, quick to build and tolerate harsh weather well (imagine transporting goods on cargo ships and being handled by cranes and trucks for years). These homes are eye catching and talking points and you sure to be the star.
So, consider this new trend while looking into your next home be it an investment or one you are planning to live in. Call Madhu on 0425 341 086 to explore the best finance option for you. Read more on our Facebook Page or on LinkedIn.
