The Tasmanian State Government needs to save $50m, so it tried to enact a pay freeze for public service employees. It seems they pushed their draft bill hard up to the edge of the cliff at the 11th hour, and couldn’t get it to fly. Rather than push it over the edge it’s plan B: reduce the state’s public service by 1,200 to straighten out the budget. Looking to Canberra, Uncle Joe Hocke... »
We invented a game a while back we called Wealth Protection Roulette. We haven’t played for a while so we thought we’d bring it back. What is it, you ask? Well, the foundations of any sound financial plan are built on ensuring that the major risks in life are covered and that your biggest assets are protected. So, we’re having a look at income protection insurance and other ways of protecting ... »
We’re nearly there, the financial year ends on 30 June and it’s accountant’s New Year. It’s also the trigger for many of us to start pulling together our financial records and get ready to lodge our annual income tax return. While getting the annual tax return lodged can be a bit of a chore for most of us, I quite like it, and that’s not because I’m an accountant! I... »
Last week saw that high point we all get excited about in Australian Federal politics, (yawn………yeah, we know The Biggest Loser had the same time slot, but that’s the kind of sacrifice we make for you here at iGenWealth). Those of us who tuned in were treated to the sheer spectacle of the Federal budget announcement by our beloved prime minister and her band of merry…... »
This post should have issued last Friday, it’s late, and we’re sorry about that. The fact that it’s late got me thinking about my kids; we have three sons – between the three of them and the things they get up to, I’m often late. Late to work, late getting things done, late to meals and late getting to bed. I’m also probably going to be later retiring than I ... »
I stopped to fill up my fuel tank on the way to work this week and had a quick chat to Pete, the guy who owns the local servo (not his real name). He’s a friendly guy who understands good old fashioned service and gives my kids a lollipop every time they visit. It’s like crystal meth for four year olds – I am simply not allowed to buy petrol anywhere else. This morning we chatte... »
We’ve covered the single biggest financial question in the minds of our readers in the 18-35 age group (So, like, how do you buy a house?). While the great Australian dream remains a widely held aspiration, it’s not always at the top of the to-do list. Before higher education, full-time employment and saving for a house deposit, a lot of young people downunder follow the long-held tradition of see... »
With the bushfires around Australia over the last week, Christmas seems like months ago. The recent fires in Tasmania have been tragic and the team at iGenWealth offer our sincere sympathy to all those impacted. We usually like to have a bit of fun with our iGenWealth posts but this week, it’s just too hard to find anything amusing to write about and frankly, we felt it wouldn’t be respect... »
Well it’s nearly here! Many work place Christmas parties are in full swing and the big guy up there at the North Pole is probably polishing his boots and picking up his best red suit from the dry cleaners. He’s probably also had the sleigh in for its annual service and overhaul, re-shod the reindeers and paid his insurance and rego on the sleigh. Don’t even get us started on t... »
Hi, We’ve covered buying a house but what about renting one and moving out of home with a few friends? If you’re keen to fly the nest, it’s just the case of getting your rental application approved, picking up the keys, moving in and planning the first party, right? Wrong, sorry to rain on your parade but there are a couple of other things you need to organise. Here’s our... »
