The Vital Role of Income Protection
In the realm of financial planning, ensuring your financial future requires a balanced approach involving investments, savings, and protective measures. A key element often discussed in wealth growth strategies is insurance, with a particular focus on income protection. This blog post explores the vital role of income protection in your financial strategy. The Significance of […]
Partnership
This may surprise people who know me personally, but I can announce that I am officially a partner here at BW Private Wealth. To be honest, buying into a business isn’t something I’d ever really seen myself doing until I started working here. And that is simply due to finding my personal ideals and ambitions […]
Understanding the Importance of Life Insurance
At BW Private Wealth, we understand that life’s uncertainties can be daunting, particularly when it comes to securing your family’s financial future. As your trusted advisors, we’re here to highlight the critical role of life insurance in your financial planning and guide you in making informed decisions for your loved ones’ well-being. What is Life […]
Centrelink Payment Changes 20 September 2023
In an ever-changing economic landscape, government support plays a pivotal role in the lives of many individuals and families. As a financial planner, I understand the significance of staying informed about government programs and policies that affect your economic well-being. Today, we delve into a topic that concerns millions of Australians: Centrelink payment increases. Increased payments are […]
How Much Do You Really Need to Retire?
Retirement is a milestone many of us look forward to, but determining how much money you need to retire comfortably can be a daunting task. As financial planners with expertise in retirement planning, we’re well-equipped to help individuals understand the financial aspects of retirement. In this blog, we’ll break down the key factors to consider and […]
Navigating the Road to Financial Independence: A Step-by-Step Guide
Recently I did a blog about what I see financial freedom, or financial independence, as and how it can be vastly difference for everyone. Have a read here – Financial Freedom Today I thought I might follow up on this by doing a step-by-step guide to financial independence, no matter what your goal is. Setting […]
How the 2023 Intergenerational Report might impact aged care
The recently released Intergenerational Report highlights trends and impacts over the next 40 years and highlights the significant impact of an aging population. A major theme in the recent Intergenerational Report was the impact on Australia’s economy and society of an aging population, which will lead to a rising demand for aged care over the […]
Our kids, we love them but can’t deny they are expensive!
For an early Father’s Day gift, I received an electronic photo frame that cycles through a small percentage of the millions of photos of my kids. As with everyone else I love my kids and would go to the ends of the earth for them, and like everyone else I want to give them the […]
Why is it hard to find an adviser?
Some people may have noticed that it’s either hard to find a financial adviser taking on new clients or your current adviser is leaving the industry. The industry has actually gone through some dramatic changes and the result is a lot of advisers leaving the industry. The below chart shows this trend since 2017 Source: […]
What is financial freedom?
I have just returned from a week off and it got me thinking about what financial freedom means to me. For some people, it is simply ensuring they have enough incoming to cover outgoing, and for others it might be having enough passive income that they don’t actually ever need to work again. In reality, most people […]
