Author: Michael Chew

Should I use a financial advisor or do it myself?

This week I’m going to answer what is perhaps the number question people ask when it comes to financial advice. Drum roll, please…Should I use a financial advisor or do it myself? It’s a big one. The million-dollar question, if you will.  Before I get down into the detail of the pros and cons each way, I’d like to preface it by saying that we actually cater...

7 mistakes families make when building wealth

Wealth is all about building up your asset base.  This is something that I’d argue is vitally important for families, in particular. It’s not just about owning your own home (preferably your ‘dream home’). It’s about building your asset base to a point where you can start generating passive income to fund sending your kids to the right school and funding your family’s lifestyle well into retirement.  If...

Financial Coaching coach for your health and financial fitness orange wealth
7 reasons you should employ a coach for your health and financial fitness

A few years ago I was feeling tired and unfit. My exercise regime was non-existent and my diet was getting progressively worse.One day I decided to go for a run.Wow, what an eye opener, I could hardly run 1km and I was panting and wheezing.I needed help.I decided to give a personal trainer a go, but I didn’t know how to...

Kids bank accounts
Setting up a kids’ bank account

  Have young kids? Well, now’s the time to introduce them to the concept of saving, and there’s no better way to do that than opening up a bank account for them.  As parents, we play a critical role in educating our kids around money and, within that, establishing positive habits around spending and, more importantly, saving. To this end, if you’re good with money, chances are,...

trade war
The US & China Trade War: What you need to know

Trade wars aren’t new. They’ve been played out throughout the annals of time.  So why is the US-China Trade War, which seems to escalate with every passing week, any different? Well, that’s a tricky one to answer. The short answer is the global economy’s been on pretty shaky ground since the Global Financial Crisis.Meaning the world’s two largest superpowers rattling their sabres is shaking what are...

Make money outside of your day job

There’s a lot of uncertainty in the job market nowadays. Long gone are the days where you’d work for the same company for 20 to 30 years, get the gold watch, comfortably retire, play golf and put your feet up. Enter 2019, and the whole notion of a full-time job’s fastly becoming a thing of the past.Things have certainly shifted dramatically in the last five...

My beginner’s guide to whisky

I collect whisky. Interestingly, what started as a passing interest has developed into a bit of a passion. You’d hope so – my collection’s fast approach the 60 mark.  I’ll be frank, two years ago I knew absolutely nothing about whisky. Like nothing at all. On a scale of 0-10, my whisky knowledge was a big, round zero. Fast forward 24 months, and I reckon I’m...

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...

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