Are you a self-starter, disciplined and motivated individual from a Non finance background?

Diversity is the key to success

Contact us to see what we can offer to people who are optimistic and are constantly learning and applying. Contact Madhu on 0425 341 086 or email your resume to loans@financeandmortgage.com.au to join our team as a business partner, Mortgage broker, Financial Planner or office admin.

 #Mortgage #HomeLoan #Broker #WorkFromHome #FlexibleWork#PartTimeJob #Sydney

I actively recruit women to join our team. Learning to work more effectively and in an environment which is supportive is more important than working 9-5. As women and family makers we need to work less hours, be productive and need to keep our energy levels to enjoy the small daily pleasures with the family.

We hire across all cultures and that opens up my opportunities to connect with the best. They each have their style, support each other, empathize with clients and bring great talent and diversity. Everyone commits to working together and staying on the same page. This has been the single reason for our recent awards.

RETIREMENT MONEY MANTRA

Let's imagine there are two guys - Let's call them John & Bill.

John has a plan that says that at the age of 55, he will accumulate enough ASSETS (net of debt) to produce an annual income of $70,000 so that the money never runs out & keeps up with the rising cost of living. #Money #Business #Savings #Investments #Retirement #CostofLiving #Bills

To achieve this objective, John only needs an annualized return of 8% on his investments.

Bill on the other hand, has NO PLAN. He has a random "investment" that supposedly generates a 300% return in a haphazard way. Due to Bills unplanned & sporadic approach to his future, Bill runs out of money at the age of 71.

'Does it matter if John only gets a 8% return?'

Moral of the story: in the world of money the best question is NOT how much return can I get?

Rather, the best question is what do I need to do to have enough money each year, so my money never runs out & keeps up with the cost of living.

- Ron Malhotra

Call Madhu on 0425 341 086 for financial advice tailor made to suit you. Read more related topics on our Facebook page or read other related blogs here.

Currency and money in soil with young plant seedlings representing sustainable development in finance, economic investment and in the mortgage industry for the future.

I have been a mortgage broker for over 10 years now and all I see are the same old products - home loans with fixed rate, variable rates and Line of Equity. As a mother of 20 year old children, I am beginning to question, how best to advise a young client. The aim is to save, earn, invest and grow in a global economy which is changing, but we don’t have products that change. #MarkBouris #Innovation #OlderAustralians #Mortgage #Homeloan

Look ahead, but don’t forget your rear-view mirror: Before venturing into an investment unknown, historical data and forecasts are essential, as input factors and indicators respectively. These provide a comprehensive picture of what you’re diving into.

Don’t go surfing into the storm: Pay extremely close attention to market anxiety levels. You must measure your own ability to react to a crash and avoid it above all.

Should we all not evolve and find a way to sustain ourselves? We can work and be productive till about 55 years of age, then our physical limitations change to a more passive life, but we still want to engage and do things with money and get pleasure out of life.

I love the fact that Mark Bouris is talking about innovation of mortgage products. Why can’t we lend to older Australians ,when we know we will have an aging population? Why not advice reverse mortgage? Why can’t we have a Whole of Life Insurance products that a young 25 year can buy to boost their super, with the knowledge that they are insured till age 99?

“We are always exploring different funding lines," he said. Reports indicate that more than $15 billion of RMBS deals have been issued since January double the amount over the same period in 2016.

“The banks have to change what they can and can’t do, and that is leaving a big gap for many different types of products,” Mr Bouris explained. “One of the things to consider is manufacturing those products ourselves, whether on our own or with somebody else. We’ve got great distribution, and our distribution channels are asking for these types of products. We should all be thinking how we can change the looming social problems with housing unaffordability and create a solution."

The world is evolving and we need to adapt to it, if we want to stay in the race. What changes would you like to see? Let's discuss your ideas on 0425 341 086. You can also read this on LinkedIn and view others' comments.

Written by Miranda Brownlee

Thursday, 25 February 2016

The Association of Superannuation Funds of Australia (ASFA) retirement standard for the December quarter shows living costs for retirees have risen once again.

The ASFA retirement standard estimates that couples need to spend about $59,236 per year, while singles will need to spend $43,184.

Both categories increased from the previous quarter. The total budgets for older retirees increased by 0.5 per cent at both the comfortable and modest levels.

While there was a modest rise, ASFA CEO Pauline Vamos said the cost of living had not increased substantially, which is positive for current retirees.

"However, many Australians are still retiring with an inadequate amount of superannuation. In order to achieve a comfortable standard of living in retirement, an individual requires a minimum of around $545,000 and a couple around $645,000,” said Ms Vamos.

According to ASFA, the most significant price rises in the December quarter contributing to the increase in the annual budgets were domestic holiday travel and accommodation up 5.9 per cent, and international holiday travel and accommodation up 2.4 per cent.

The most significant offsetting price falls were automotive fuel down 5.7 per cent, fruit which was down 2.6 per cent and communications down 2.4 per cent.