Confusion and avoidance aren’t great investment strategies

Working as a financial coach, I know the impact and power, of asking quality questions.‍ Are things not going quite the way you’d like them to, or you’re feeling stuck? Maybe you’re not asking yourself the right questions.

When it comes to making the most of your money, setting goals may be one of the most effective things you can do to set yourself up for financial success (however you define it). When you have goals, you can map out a path, giving your money direction and purpose. Goals allow us (and your money) to grow and expand – and hey, that’s what we’re here for isn’t it - to grow, expand and transform ourselves?

Ladies, we’ve come a long way in the last 100 years – we can vote, buy property, take out a mortgage and run a business but many of us don’t take responsibility for managing our money. Money is one of those topics that have a lot of ‘collective wisdom’, but in reality, this common knowledge can actually be holding you back from having more money.

Wherever you are on your money journey, it’s important to know where we’ve come from and what’s shaped you –practically and emotionally around money. This awareness could be the difference between having a modest financial position to creating significant wealth, or for some individuals, constantly struggling with their finances and worrying about not being financially secure, to creating a sound financial future.

Why Knowing Your Money Type Is So Important - They Drive All Our Financial Decisions. The eight Money Types, developed by Deborah Price (founder of the Money Coaching Institute), help us understand our unique money patterns and behaviours and motivations that influence us when it comes to our money.

Values are the behaviours and activities that guide our actions. They give us meaning and purpose for our life, acting as a compass for the direction we want our life to go. A value is something you believe is important in the way that you live, work, spend time, and money.

Money. Joy. What? How’s this possible ? Get conscious of how, when and why you spend money. It’s as simple as that.

When it comes to money, we get that it's pretty frustrating seeing lots of terms and words out there, you think might apply to you, but that you don’t actually understand.

Saving and investing are both important, but they aren’t the same thing.

Would you rather talk with friends about your marriage problems, mental health, addictions, sex, and politics than money?Based on my experience I’d say most of you are thinking – yep!

The impact of COVID-19 has seen a spike in Australians being sent home to work. For a lot of us, this is probably the first time we are working from home. This means that when tax time comes around, there will be a few tax deductions you can claim that you probably didn’t know about.