Over the last few years, there have been plenty of stories in our news sources about mostly casual and part-time employees being underpaid, and it’s not only corner shops and celebrity chefs being caught out, but our big national corporations as well. And while most of the issues have been related to overtime and other entitlements, regular, full-time salaried workers are not immune from being short-changed – especially in the area of superannuation.
Building a business takes a huge amount of time, dedication, and commitment. However, no matter how successful your business is, you will reach a junction, where you will need to make the decision to continue moving forward or sell your business. This can be one of the most difficult decisions for many business owners, and the decision you make can have a big impact on your future.
If you are thinking about selling your business, it’s important you take the time to consider if you are truly ready to let go. The last thing you want to do is to sell your business and regret your decision down the line. Before you decide whether or not to sell your business, it’s always advisable to discuss your options with business lawyers in Melbourne who have experience in this area.
The coronavirus pandemic is pushing many Aussies into financial stress. Job cuts, reduced hours and business closures have affected the take-home pay of millions of Aussies, with a full return to normal still a long way off.
If you’re struggling at the moment or you just want to batten down the hatches, below are eight simple ways to shape up your finances during this time.
Review your spending habits
Marriage has been a pillar of society for centuries. Most young Australians still support the concept, but financial concerns have made them more apprehensive about having large, traditional marriages.
Choosi recently released its Cost of Love Report. The purpose of this report was to understand the views Australians hold about marriage and the decisions they are likely to make.
Some of the core findings are listed below.
The economic impact of coronavirus has seen share market values plunge during recent times. This means there may be opportunities for investors to snap up a bargain, provided they do their research.
For first-time investors, deciding where to put your cash can be daunting, especially while the market is still volatile. The best thing to do when getting started with share trading is to learn more about investment strategies you can follow when entering the market.
Financing is important for small businesses in a variety of ways. Needing quick money often has connotations of having poor cash flow and not being able to meet your short-term liabilities. This is far from the only reason for needing business financing though.
Financing is often a solution for growth projects when businesses owners do not want to dilute equity any further. The conventional way to grow is to sell a portion of the company to an investor, in which you can raise perhaps hundreds of thousands without adding to your debt.
Today’s post comes from Alex. He blogs over at www.MutilateTheMortgage.com and is a fellow Australian based and focused financial site. Head over there to find out how to go from “no idea” to mortgage free in under 10 years!
Did you know that paying off your mortgage in 10 years can be setup quickly and is in fact very easy to do? It’s true! Just a quick alteration in how you pay your home loan can save you hundreds of thousands of dollars.
When looking into property insurance, it usually doesn’t take too long before we come across a horror story about someone being under-insured, and discovering all too late that they’re seriously out of pocket.
What we encounter less of, is someone being over-insured, but according to Australian property insurance specialists, Flex Insurance, it’s potentially more common than we think. And it all comes down to knowing what’s already covered by your strata insurance and what you need to cover under your own contents or landlords’ insurance.
From time to time, almost everyone finds themselves in a situation where there is simply not enough money to do the things that you want to do. When these circumstances arise, taking out a low rate personal loan can be a prudent financial choice. However, many people are hesitant to take on new debt because they feel like their reasons are not valid.
These days, there are many legitimate reasons why you should consider a personal loan. Personal loans are an effective way of accessing enough extra cash to finish projects, make major purchases, or pursue life-changing experiences. This is rather vague, however.
Personal finance isn’t a very fun topic to discuss at dinner parties. However, consumers need to be financially literate if they are to thrive. The Choosi Dollar Report 2019 researched the spending habits of Australian citizens and their understanding of financial issues.
A number of important issues were highlighted in this report. The key points are listed below.
Are Australians Stressed About Money?
Australians have become more uneasy about their financial situations in recent years. The report shows that half of Australians experience concerns about their money on a weekly or even daily basis. The majority of Australians are unable to maintain the same standard of living, as inflation erodes the value of their paychecks. The survey showed that 62% of Australians said they were unable to keep up with cost of living increases. It also showed that 44.6% of Australians feel anxious about their debt at least most of the time, if not all of the time.