News

Read the latest Australian Finance, Banking and Business news, updates and reports.

  • What’s an NFT?

    NFTs have been circulating in recent headlines, along with words like “blockchain” and “cryptocurrency”. You may have seen them parodied on the U.S. television show Saturday Live or heard them discussed on your favourite podcasts. So what’s all the hype? What’s an NFT What are you actually getting when you buy one What risks are involved in buying an NFT NFT stands for non-fungible token. Non-fungible is a word used to describe an item or artifact, meaning the item can’t be exchanged with a similar item of the same value. It’s one of a kind. A tangible example of a…

  • 5 smart rules to manage your money better when starting a business

    If you’re about to launch or you’re in that exciting first year of business, make sure you get a solid grasp on the ‘money side’ early on. While your focus might be on building a customer base and driving sales, developing good cash flow habits stabilises your business and should be equally prioritised – if not more. Poor money management can tear apart even the most profitable businesses. But the good news is, you don’t have to be an accounting whizz to set your business up for success. There are a few simple rules that can help you manage your money easier and…

  • What exactly is the FIRE movement?

    What is FIRE? If you’ve ever considered early retirement, you could join the FIRE movement. FIRE stands for “financial independence retire early.” During their working years, FIRE investors invest as much of their income as possible in hopes of attaining financial independence at a young age and maintaining it for the long term—a.k.a. retirement. Their goal is to live off their investments so they’re free to enjoy an independent lifestyle without needing income from a traditional job. Not all FIRE investors have the same approach to financial independence. They don’t necessarily work 70 hours a week, live in a tiny…

  • How to create a positive workplace culture

    Organisations promoting a supportive, open workplace culture are more likely to have better employee engagement and retention, as well as higher profits. Every business owner likes to think they’re fostering a great work environment, but sometimes this is a case of over-optimistic thinking. If you have problems finding the right talent or you have a high turnover rate, these are signs you have a problem with your workplace culture. Addressing this aspect of business management should be handled early and revisited regularly for best results. What is workplace culture? Workplace culture, like culture in general, is a collection of rules, customs and…

  • Payday loans

    A payday loan, also called a small amount loan, lets you borrow up to $2,000. You have between 16 days and one year to pay it back. While it might look like a quick fix, a payday loan has a lot of fees. For example, to pay back a $2,000 payday loan over one year, your total repayments will be about $3,360. That’s $1,360 more than you borrowed. There are cheaper ways to borrow money when you need it. If you’re getting a payday loan to pay off another loan, talk to a financial counsellor. It’s free and confidential. Cheaper ways…

  • 5 tips to shave years off your mortgage

    Every homeowner loves the idea of becoming mortgage-free faster and paying less interest in the lead up to that landmark event. Fortunately, there are some easy steps you can take to get there sooner – whether you’ve just got your first home loan, want to increase your property equity or become mortgage-free as soon as possible. Let’s go over them. Get your mortgage right First up, switch to an interest and principal repayment loan. Paying just the interest may be great for your immediate cash flow but it is only kicking your principal repayment down the road. Your principal does…

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