Michael Chew Tag

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...

The stock market crashes. What do you do?

If you’re invested in the stock market and have had your ear to the ground, you’ve no doubt heard rumblings from Wall Street and major news outlets of the potential for an economic downturn. You keep hearing things like “the property market’s down another 20 percent”, “the global equities market’s bull run’s over”, “the United States’ trade war with China’s going to rip the carpet out...

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...

Making private school a reality for your kids – what you need to do

Okay, so you have kids or are planning on starting a family and want to give them the best education possible. Great. I’m the same. When my wife and I have children, we want to give our kids the best start in life we can, so I know where you’re coming from.As a financial adviser, two of the most common questions I get asked is “can...

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...

Meet the budget for budget haters!

Budgeting sucks. I get it. Unless you’re someone who takes great pride in creating intricate Excel spreadsheets that break down every aspect of your weekly spending in forensic detail, budgeting can be a pain in the you know where.If you can’t be bothered, like to keep your head in the sand with your finances while fearing the worst, or shy away from getting ‘bogged down...

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...

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