Fortuna Financial

28/09/2022

It was the overwhelming silence that hit Judy, the first time she visited her family home after her mother’s passing, and with that thought, the slow, deepening realisation that she was going to have to cope with a lot more than the heart-breaking grief.

It was the overwhelming silence that hit Judy, the first time she visited her family home after her mother’s passing, and with that thought, the slow, deepening realisation that she was going to have to cope with a lot more than the heart-breaking grief.As she sat alone, surrounded by the possessi...

22/09/2022

Now and then, Jodi borrowed $100 from her parents. She’s good for it, and always paid it back, but her situation was not uncommon.

Now and then, Jodi borrowed $100 from her parents. She’s good for it, and always paid it back, but her situation was not uncommon.5.9 million Australians live pay-to-pay. A study by Deloitte between November 2021 and January 2022, surveyed over 14,000 Millennials (born 1983 – 1994) and Gen Zs (b...

19/09/2022

The new financial year provides an opportunity for a fresh start for your finances. Make this the financial year you get on top of yours… for good!

The new financial year provides an opportunity for a fresh start for your finances. Make this the financial year you get on top of yours… for good!We’ve broken it down into six bite-sized, manageable steps for you to tackle over six months, because real change takes time!The below is a suggested...

15/09/2022

If you’re the eldest sibling in the family, or deemed to be the “most responsible”; if you’re seen to be a good friend by someone; or a fine upstanding citizen by others, chances are you will be asked to be an executor of someone’s Will.

If you’re the eldest sibling in the family, or deemed to be the “most responsible”; if you’re seen to be a good friend by someone; or a fine upstanding citizen by others, chances are you will be asked to be an executor of someone’s Will.After you’ve enjoyed the warm feeling of being want...

12/09/2022

To stem its then soaring population growth rate, which was widely believed to be crippling economic development, China introduced the draconian ‘one child policy’ in 1979 – a move now seen as directly lifting 150 million people out of poverty.

To stem its then soaring population growth rate, which was widely believed to be crippling economic development, China introduced the draconian ‘one child policy’ in 1979 – a move now seen as directly lifting 150 million people out of poverty.The policy focused global attention on fertility ra...

06/09/2022

It’s intriguing that younger women – known as Next Generation Investors aged 18 – 25 – are taking up stock portfolios. Their goals include saving for a holiday (50%) or paying down existing debt (34%).

Investment and portfolio building has traditionally been a male-dominated world, but these days more women are trading on the market – and they’re good at it! According to an ASX Australian Investor Study completed in 2020, women make up 42% of Australian investors, yet 45% of those only began i...

31/08/2022

While we understand banks charge interest on their home loans, exactly what determines the rate? Should we be worried that interest rates will spike higher in the years ahead?

For most people, it’s all a bit of a puzzle.

While we understand banks charge interest on their home loans, exactly what determines the rate? Should we be worried that interest rates will spike higher in the years ahead?For most people, it's all a bit of a puzzle.Traditionally, the Reserve Bank of Australia (RBA) is tasked with the responsibil...

23/08/2022

Home loans, credit cards, car loans and personal loans all contribute to financial pressure. One and a half million Australian households are currently under mortgage stress, so if you feel overwhelmed by debt, then rest assured you’re not alone.

But with dedication and a smart strategy, you can quickly get your cash flow back in the black.

Australian households are the fifth most indebted in the world, according to data from the OECD. A typical family with disposable income of $100,000 has an average debt of approximately $210,000. And with rising interest rates and rampant inflation, the cost of living will only continue to escalate....

18/08/2022

If you have had different jobs with different employers over your working career you will probably have superannuation accounts in many different funds.

If you have had different jobs with different employers over your working career you will probably have superannuation accounts in many different funds. Apart from the time it takes to keep track of these accounts, there are three more serious concerns of which you should be aware.

04/08/2022

Ignoring all of the politicising of climate change and carbon emissions, have you ever actually wondered what a carbon footprint is?

Ignoring all of the politicising of climate change and carbon emissions, have you ever actually wondered what a carbon footprint is?A simple explanation. Human activity is increasing atmospheric levels of known greenhouse gases such as carbon dioxide and methane. These form a blanket around the eart...

02/08/2022

Retirement: you’ve made it! And one of the rewards for all your hard work is that you can now access your superannuation. Suddenly a world of opportunities opens up – a Caribbean cruise, major home renovations or maybe helping your kids reduce some of their debt.

29/07/2022

According to the Collins English Online Dictionary, a get-rich-quick scheme can be defined as, a promise to make a person extremely wealthy over a short period of time, often with little effort and no risk.

If you think that sounds a bit dodgy, you could be right. Yet ordinarily sensible and cautious people signup to such schemes every day.

According to the Collins English Online Dictionary, a get-rich-quick scheme can be defined as, a promise to make a person extremely wealthy over a short period of time, often with little effort and no risk. If you think that sounds a bit dodgy, you could be right. Yet ordinarily sensible and cautiou...