News
Stay informed with MENTOR1At MENTOR1, we believe that because it is your future, you need to be completely informed and involved in all decisions that concern you.
So along with the tailored advice, we provide additional resources to help keep you up to date.
Stepping stones to reach your goals
The calendar turns over to a fresh, brand new year, full of promise, so how do we keep those promises we make to ourselves and get to the end of the year with our resolutions intact and goals realised? We all start out with good intentions when we set our objectives...
The difference between a Good Property Planner versus a Property Spruiker
Trusted property planners will keep you focused on building your portfolio property and management. Eight noteworthy points of a Trusted Property planner A good quality property planner has a number of key characteristics: • Impartiality: A good property...
Spouse super contributions: the benefits
If your partner either earns less than you or is not currently working, they may be adding little or nothing to their super. The good news? If you’re married or in a permanent de facto relationship, you may be able to help grow their super in a way that can benefit...
How to access funds available from your home loan
If you need extra cash, you may be able to redraw or borrow against your home loan. Keep reading to find out whether these options are right for you. Can I redraw? Chances are if you’ve made a habit of paying more than your minimum scheduled repayments, then you’ll...
Recovering from a natural disaster
If you've lost your home or business after a natural disaster, you don't have to go it alone. Follow these steps to start your recovery. Important: Government help for natural disasters Call Services Australia on 180 22 66 or visit serviceaustralia.gov.au/disaster....
Volatility is here to stay
Volatility is part and parcel of investing so it's important to put it into perspective and look at the full picture when thinking about your wealth, rather than focus on day-to-day market swings. If there was to be a single investing lesson that emerged from the...
Banking and credit scams
If someone you don't know asks for your personal details or offers you a loan, it could be a scam. Scammers can use your personal information to steal your money and run up debts in your name. If someone contacts you about an investment that you think could be a scam,...
Using equity to buy an investment property
When it comes to investing in real estate, equity is a key concept to wrap your head around. The Successful Investor’s Michael Sloan explains what equity is, and how you can use it to your advantage. What is equity? Equity is the difference between the current value...
Superannuation Guarantee: why it’s important
The superannuation guarantee is an important part of the superannuation system. It was introduced on 1 July 1992 to increase the financial security of Australians once they are no longer working. Its aim is to provide funding for Australians in retirement, so that...
How is my insurance taxed?
With the cost of living on the rise, it’s more important than ever to have a financial safety net that protects you and your family in case the unexpected happens. Most Australian employees have some form of life insurance, often through their superannuation fund, but...
Prepare for successful buying in 2023
If you’re planning to take advantage of lower property prices and buy in 2023, now’s the time to get organised. Whether you’re looking to buy your first home, move to a different house or invest, you’ll still face competition to secure your dream home, so being ready...
Super changes for the better
Key takeaways The compulsory super paid by your employer is now 10.5% of your income and is planned to increase to 12% by 2025 The maximum amount you can move from super into a tax-free retirement pension product is now $1.7 million If you accessed money from your...