2017 NY blog resolutions
Mind Over Money - Primary

Good Old Fashioned Tips for the New Year!

Christmas has come and gone yet again. Retailers rub their hands with glee after another bumper year, culminating in the inevitable silly season shopping spree. The latest figures from the Australian Bureau of Statistics (ABS) show a boost in retail sales in 2016, with an increase of 2.8% on the previous year. On the other side of the ledger, consumers nurse a lingering financial hangover from overspending. Then January 1st rolls around and we pledge to reform our ways — from fitness to finances — with a host of well-meaning resolutions. So, after a New Year’s Eve of fun, festivities …

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Adviser News - In the Media - Primary

Moneysoft receives industry accolade!

We are delighted to announce that we have been selected as finalists in the inaugural FinTech Business Awards for Financial Advice Innovator of the year as well as Personal Finance Innovator of the year. This accolade recognises a fantastic year for us, our many customers and their customers! Here’s to 2017 being another great year for us all. Read the full article here

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debt-bomb-article-image
Adviser News - Primary

The debt bomb: set to explode?

Historic low interest rates have encouraged Australians to build up record debt levels – but should we be worried? Jon Shaw analyses the Moneysoft database and finds some disturbing signs. Debt is a powerful weapon: it can build wealth or destroy it. Almost a decade has passed since a swathe of sub-prime mortgage defaults across the US kicked off the global financial crisis, highlighting the dangers of excessive debt. The world is now a very different place, but in ways few could have imagined. Australia’s household debt has climbed to a record 185 per cent of annual household disposable income …

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Christmas cash flow
Mind Over Money - Primary - Uncategorized

Bah! Humbug! Don’t Be a Scrooge This Christmas…

As Christmas — and indeed the New Year — approaches, do you find yourself still stuck in old habits of financial mismanagement? When Charles Dickens wrote his classic tale in 1843, he was motivated as much by economic desperation as artistic inspiration. He penned and published A Christmas Carol to pay off debt. The story met with instant success — selling over 6,000 copies in its first week — and has never been out of print since. It centres on Ebenezer Scrooge, the miserly main character who’s visited by the Ghosts of Christmas Past, Present and Yet-To-Come, as well as …

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Show them their past, to help them build their future
Adviser News - Primary

Show them their past, to help them build their future

The fundamental principles of wealth creation may not change but personal advice needs to be dynamic and flexible to keep people engaged and on track. Jon Shaw writes. The value and importance of saving, budgeting and cash flow management doesn’t need to be explained and sold to financial advisers. It doesn’t really need to be explained to the average person either. Most people understand the beauty of compounding yet surprisingly few actually have an effective, structured system for saving, investing and everyday money management. Education isn’t the main issue. The main issue is keeping people interested and on track for …

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Mind Over Money - Primary

Laying Your Financial Foundation

Understanding money matters is a vital skill for life success. Developing a healthy relationship with your finances starts with the desire to get educated and the discipline to continue to expand that education. Of course, just like most lessons, sometimes you need to fail to truly learn – so, it’s important to be patient with yourself in your quest to master the mechanics of money. Consider the following as the first steps towards establishing a solid economic base upon which to lay the building blocks of your financial future. Schedule money dates Allocate at least one hour a week to …

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In the Media

Link Group invests in technology solutions provider Moneysoft

Partnership will enhance Link’s super fund offering to improve member engagement 12th October 2016: Link Group (ASX: LNK), a global provider of fund administration, share registry, shareholder management, analytics and services, today announced a significant investment in Australian technology solutions company, Moneysoft. Moneysoft is a provider of Personal Financial Management (PFM) tools that incorporate real-time data, budgeting, reporting capabilities and more, to assist financial advisers and their clients to better manage their money and reach their financial goals. The strategic partnership with Moneysoft will augment Link Group’s offering to both superannuation funds and listed company clients as the two parties …

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Adviser News - Moneysoft

ADVISERS WELCOME NEW PACKAGE DESIGNED TO BOOST CLIENT ENGAGEMENT, SATISFACTION AND REVENUE

November 8th 2016: Leading personal financial management (PFM) software provider Moneysoft has launched a complete package of resources and tools to help financial advisers introduce an effective, profitable budgeting and cashflow management service to their clientbase. Developed in conjunction with advisers, the Moneysoft Business Processes toolkit contains a series of eBooks, video tutorials, blogs, and client-facing brochures and templates. It is a complete, step-by-step guide on how to build and deliver a relevant goals-based, money management proposition; how to grow and diversify practice revenue; and how to achieve a deeper client engagement through “cashflow as a service”. According to Peter …

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Savings in the silly season
Money Matters - Primary

Silly Season Savings!

  Santa is servicing the sled in preparation for his annual around-the-world trip, which means Christmas is just around the corner. So, to help ease the budgetary burden – even just a little bit – here are some suggestions on how to make and save a few extra dollars in the lead-up to the festive period: Earn money from stuff you don’t use… Sell it online (eBay, Gumtree, local buy/sell/trade groups on Facebook) or have a garage sale. Your unwanted items could be special in someone else’s eyes and net you some extra cash. Ditch a habit… If not for …

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Life lessons
Money Matters - Primary

What would we teach our younger self about money matters?

Youth – it’s a time of excitement, adventure, experimentation and discovery. And some regrets! With the benefit of hindsight, what would we teach our younger self, especially about money matters? Live within your means. Plan for the future. Start today! Therefore, to the young and young-at-heart, take heed of these lessons so that with a little financial planning and management, you can prepare yourself for a fruitful future. Set yourself clear goals You know what makes budgeting and saving a whole lot easier? It’s defining your financial goals, both short-term (like saving for a new bicycle, or paying off your credit …

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