Author: Michael Chew

Renovate detonate move
Renovate, detonate or move?!

Let’s face it, renovating or knocking down a house is a daunting proposition. Whichever way you look at it, it’s a huge decision. Same goes for selling up and the arduous task of then moving, particularly if you’ve been living in the same spot for a while. Many families arrive at a point where their home doesn’t quite meet their needs anymore. It could be...

Get smarter, don’t work harder to buy your family home

Buying a home for the first time, particularly if it’s your family home, is a massive financial decision. And for good reason – buying your family home quite possibly could be the biggest purchase you’ll likely make in your lifetime. I know because I’ve been there myself.Throw in the pressure of having a young family (or if you’re planning on starting a family in the...

Should I put $600K into my kids’ education or invest it?!

Life’s all about trade-offs, particularly when it comes to financial goals. Now, I’m not going to get into the whole public vs private school debate and which is better. Private schools are expensive – we know that. The financial trade-off is enormous.To give you an idea, sending our two girls through six years of private education (high school, basically) will mean we’ll need to fork out...

The cost of sending your kids to a Melbourne private school explained

Private schools aren’t cheap. Far from it.Last year, Australians forked out around $10 billion dollars for private school tuition, with 49 percent covering the annual cost of out of their disposable income.With that 49 percent in mind, if you are thinking of sending your kids private, there’s a lot to consider. You need a gameplan. The earlier you have one, the better.The...

Bad with money
Four Telltale Signs That You Could Be Better With Money

How good are you with managing your money? And don’t worry – it’s not a trick question. The reason I ask is you’d be surprised at how many people make it well into adulthood without learning the basics of good money management.In Australia, we’re talking almost half the adult population, according to the Australian Bureau of Statistics. Meaning, around 45 percent of Australians...

Cost of fitness
The cost of keeping fit and staying healthy

    I have a serious case of the guilts at the moment. Christmas was a big one – I reckon I ate three times my own body weight. So I’m on an exercise-filled mission at the moment. I’m desperate to get some fitness back.   Before I beat myself up too much, though, I’m not alone. There’s a reason why gym memberships spike in the first couple...

Eating Healthy
Why healthy eating trumps convenience

Life gets busy, right?So much so, good diet and healthy eating habits often quickly go out the window. Throw two kids, a busy family life and business into the equation and it gets even harder. Consistently eating well’s a precarious balancing act.I’ll be the first to put my hand up to say that I overdid it over Christmas. Too many rich foods, the...

Get the jump on Christmas savings Orange Wealth
Get the jump on Christmas savings

Wow, this year’s really flown for me. Maybe it’s the perpetual balancing act that is having a young family and running a business, but 2018 really feels like it’s had its foot firmly planted on the accelerator. It’s the same thing every year. We emerge out of winter into spring, desperate for some warmer weather to kick in, but, once we hit October, those last...

save money at the airport orange wealth
Escaping winter? How to save money at the airport

For me, fleeing Melbourne’s bitter winters and getting some much-needed respite from sub-15°C daily temperatures is an absolute necessity. Maybe I’m just getting old, but I’m really feeling it this year. In my defence, the daily temperature literally just topped 9.8°C as I’m writing this. If you can avoid travelling during peak periods like school holidays, there are some great flight deals floating around at...

Has the Melbourne property market peaked? orange wealth
Has the Melbourne property market peaked?

Auction clearance rates in Melbourne have been on the wane for the best part of the year now. So much so, they hit a five-year low last weekend, dipping under 60 percent. If you own property, you’d be forgiven for thinking the market’s year-on-year growth would continue shooting up for the foreseeable future. It’s had an incredible run, that’s for sure. Right now, it’s certainly a buyer’s market...