Wealth Creation - Success Accounting Group

Wealth Creation

The Key Financial Challenges and Influences You Should Care About in 2024

Uncertainty has prevailed in recent years, but may we expect more consistency as we approach 2024? We look at some of the important challenges and factors in the economy, taxation, and employment.

Annual Leave: Here’s Why You Should Take It – and How to Make the Best Use of It.

Annual leave is an essential part of maintaining a healthy work-life balance. Taking time off from work not only allows you to recharge and rejuvenate but also offers several other benefits. By taking time off and making the best use of it, you can enhance your productivity, enjoy quality time with loved ones. Here are some reasons why you should take your annual leave and how to make the most of it.

Life Insurance Provides a Financial Safety Net

Life insurance provides a financial safety net by paying out a death benefit to your beneficiaries in the event of your unexpected death. It is an essential component of a person's financial planning, especially given its long-term and significant advantages. At times when individuals are focusing on many areas for investment, it is important to keep in mind that the best investment is in one's health and well-being, and everything else revolves around it. This is the reason why it is critical to have life insurance in one's investment plan.

What an Australian Retirement on $3 Million Looks Like

It's important to note that everyone's retirement goals and lifestyle preferences are different. Here’s a general overview of what a retirement on $3 million in Australia might look like, but personal choices and circumstances can vary significantly. It's advisable to consult with a financial advisor to tailor a retirement plan that suits your specific needs and goals.

The Increasing Costs of Raising Children

Managing the costs of growing kids requires careful planning and prioritization. By following these tips and adapting them to your specific situation, you can effectively manage the financial responsibilities that come with raising children. Get in touch with us to create a plan to secure your family’s future.

4 Ways to Spring Cleaning Your Finances

The start of springtime can inspire all of us to "clean up" different facets of our lives, including finances. Spending time on your financial health helps prevent overspending, create a successful household budget, and eventually help you achieve your savings targets. Here are some actionable ways you can help get your finances organized during spring season.

Ways to Combat a Sedentary Lifestyle

It might be challenging to maintain regular movement as the days become shorter and the temperature drops. There can be serious consequences to being inactive. The lack of physical activity can be a factor in obesity and related diseases. So, here’s how to avoid being trapped in a sedentary lifestyle and how to keep you and your family healthy.

How Interest Rates Impact Your Investments

Many sorts of investments can be considerably impacted by changes in interest rates. Higher interest rates tend to have a negative impact on share markets. Here’s what you need to know about rising interest rates and your investments.

Building an Emergency Fund for Your Peace of Mind

A strong financial plan must include the creation of an emergency fund because it acts as a safety net in case of unforeseen circumstances. We can advise you on the best solutions for your particular financial circumstances and assist you in taking action to lay a solid financial foundation.

Say Hello to Payday Super

The government has announced that from July 1, 2026, all companies will need to pay worker's superannuation at the same time they pay them which means companies will no longer be able to pay superannuation on a quarterly basis.

7 Reasons to Gift Your Estate to a Family Trust

A gift in trust is used to avoid paying tax on gifts that are larger than the annual federal gift tax exclusion amount. The succeeding generation of heirs is frequently given wealth through the usage of this kind of trust. Learn the benefits and risks of gifting your estate to a family trust. Contact Success Accounting Group today!

Superannuation vs. Mortgage

Australians with extra cash may be asking how to make the most of it given the rising interest rates and volatile investment results. Should you increase your mortgage payments if you have cash, or would it be better in the long term to increase your superannuation?The answer depends on one’s circumstances. Considerations such as your […]

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