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My Deal Article 12th December 2017

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Here comes the New Year and yet another opportunity to keep that save more money resolution you’ve made over and over again. This year you can put yourself on the right track with the advice of a few financial experts.

Peter Horsfield is a Certified Financial Planner who runs SMART Advice. He has spent most of his life dealing with money and recommends these 3 tips for your new year:

1. Give yourself the greatest chance of success, by reflecting on "What is important about money to you?" then ask "Why?" (your answer) is important to you? Continue this Q&A just like peeling an onion and you will gain more clarity about your real drivers/ core values. Doing so you can will help you create an inspiring financial game plan tailored to you.

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1st August 2018 Lifestyle & Budgeting. MyDeal.com.au

Try out New Ways to Save

Here are just a couple of tips on how you can save money, contributed by Peter Horsfield, that you should try out if you’re looking to save a substantial amount of money over time:

· Instead of buying books join a library. Libraries today have way more than books; they have DVDs, newspapers, free internet, books of course. Free. Savings estimated $250 pa+
· Make lunch with from previous dinner and bring to work. Savings estimated $2,500 pa+
· If you live close enough to walk/run/ride to work or public transport, only use the car on weekends or alternatively car share. Savings estimated $1,000 pa+
· Ensure bank accounts, credit cards have no annual fees or ATM withdrawal fees, only withdraw from Banks ATM or affiliates so not to attract transaction fees. Savings estimated $250 pa+

To find out more about being smart when saving read the full article at https://www.mydeal.com.au/blog/post/financial-advice-family-households

27th July 2017 Health & Fitness. My Deal.com.au 

Worry Free NaturallyStress is a funny thing. You can’t see it, but golly can you feel it. It’s one of those feelings that can creep up on you slowly, or hit you like a bus. There’s no inbetween. There are so many ways you can deal with stress and anxiety, whether it be with meditation, medication or just pretending that it doesn’t exist. The last option is definitely not the best one to go with, so here are some ways you can reduce stress the natural way.

Align Your Values
Sometimes you have to take a step back and see what you’re stressing about. Is it worth the stress? Is it worth the worry? 

 “You have to align your choices with your values. Then have a game plan to keep you on track and a checklist so to ensure nothing is falling through the cracks. Says Peter Horsfield of SMARTadvice.

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Professional Planner Article 27th Feb 2017

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The path the adviser should follow when a client wants to leave the firm depends on the relationship. But, Peter Horsfield from SMART Advice says, best practice is to approach the situation with an open mind and as a learning process.

Clients have many reasons for leaving their adviser,” Horsfield says. “These can include a change in their financial situation or in their relationship or career.”

He recommends phoning clients as soon as you know they are leaving, to find out why.

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International Career Institute 28th November 2016

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Trusted financial advisor and Certified Financial Planner Peter Horsfield shares in his blog his many years of experience in finding career satisfaction and success. On his blog you can read his insights on everything from money management, achieving your goals in life, entrepreneurialism, and practical tips on finding the right financial products. His blog articles contain many useful insights on finding career success and the psychology behind resilience and other essential qualities.

Horsfield focuses on making choices in alignment with one’s values, in order to life a more fulfilling life. As he puts it, “Making choices aligned to my values has enabled me to make better decisions, in less time and with greater confidence. This has also lead me onto experiencing greater peace, enriched experiences, deeper relationships and much more.”

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GQ Magazine Finance 29th November 2016

48445-1 lWe are told, “cash is King,” but with current interest rates at historical lows, and some countries like Japan and Switzerland having negative interest rates, is the King dead?

While these low interest rates are great for borrowers, investors in cash are experiencing continuing declines in their investment returns, at the same time as seeing other asset classes such as property, shares and bonds, rise. So where is the best place to invest your hard-earned cash while waiting for interest rates to rise?

We asked Peter Horsfield, a Platinum Adviser on Adviser Ratings and Senior Financial Planner at Infocus, to give us the basics.

 For more read the full artictle at www.gq.com.au/success/finance

25th January 2016 NRMA Living Well Magazine

Late Life Divorce

Start by determining your current position, Smart Advice principal Peter Horsfield advises: "Sit down with some paper, a pen, a calculator and all your important financial documents – pay slips, tax returns, super statements, insurances, loans, credit cards, shares, bank statements," he says. "You need to know exactly where you are now, before you can begin to plan for the future."

This may also be an opportune time to seek professional advice. It's an emotionally fraught time for many folk and while family and friends play a valuable support role, the dispassionate counsel of an independent adviser can help ensure you don't make major financial decisions you'll come to regret.

Read full article: https://www.mynrma.com.au/living-well-navigator/financial-wellbeing/rebuilding-finances-after-late-life-divorce.htm

 

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1st March 2016 Living Well Magazine

Granny Flat

If you and your family plan on building, then you’ll need to check out the state and local government planning laws before proceeding.

General regulations dictate there can be only one flat per house and the living space of the flat cannot exceed 60m2 in New South Wales, Victoria and Western Australia and 70m2 in Queensland, according to financial adviser Peter Horsfield.

There are also regulations regarding the height of the flat and its distance from the boundaries of the property, Horsfield says.

“These differ so much between councils that you should look into your local guidelines before making any decisions,” he says.

Read the full article: https://startsat60.com/stories/living/what-to-consider-before-moving-into-a-granny-flat

17th March FINSIA

Confident Women

Peter Horsfield from SMART Financial Advice says in his experience women tend to establish an SMSF after attaining a large sum in their employer super or industry super fund from an event like a redundancy or retirement. They can also be thrust into the management of an SMSF due to a relationship breakdown or, as previously discussed, the death of their partner. 

“I have found women approach SMSF trustee responsibilities differently. While men are mostly focused on accumulation, women focus more on the management, complying documentation and administrative tasks of owning and operating an SMSF. This approach makes women better SMSF trustees than the opposite sex,” he argues. 

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1st April 2016 AMAFA

Financial planner Peter Horsfield says coins are a popular investment choices for collectors. “The obvious risk with this investment is fraud and theft,” he warns.

For more read the full article : http://amafa.com.au/ten-fun-investments/

1st December Banjo Loans Blog

Financial CoachPeter Horsfield, a financial planner with SMART Advice is one business owner who has used a coach as a business consultant to help improve his enterprise.

 “During my youth I had a swimming coach and through commitment, following instructions and building momentum I improved. Over time I rose above my competitors and in doing so felt more empowered and successful, evidenced by my results,” says Horsfield.

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July 21st 2015 Australian Property Investor

SMSF Spliting up

“If you’re going to have a super fund, you can make it as complicated as you want or as simple as you want,” explains Peter Horsfield, a certified financial planner with expertise in advising on SMSF structures. Like most experts, he prefers a structure that sets up a company to own the property as corporate trustee, with the fund members as directors of that company.

“It comes at a cost, but if anything happens later on, then you have that scope and flexibility later to do things. If not, then it costs more later on because you have to unwind things, including sell assets,” he explains.

Neither path is necessarily simple.

Even where an SMSF is set up with a corporate trustee that allows a member to leave without necessarily dissolving the fund, the member’s balance must be extracted. That means that if the fund doesn’t have other assets of shares or cash, and the other member can’t make a personal contribution into the fund, then the fund must sell a property to raise that balance. But what if the asset has dropped in value, or the timing’s bad?

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Probus South Pacific January Newsletter

xmasmoney story Christmas is known to be a time of excess and come the new year, it’s not only our waistlines suffering the consequences. If you’ve found yourself guilty of financial overindulgence, here are some ways to help you save money.

1. Transform trash into treasure
The new year is a great time to declutter and why not make some extra pocket money while you’re at it?
“Declutter and sell unwanted items on Gumtree, Ebay or through a garage sale.” says Peter Horsfield, founder and senior advisor of SMART Advice. “It is a great way to make some cash and let go of what’s just taking space.”

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Your Investment Property 1st November 2015

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Buying sight unseen doesn’t automatically mean you’re going in blind, points out certified financial adviser Peter Horsfield, founder of SMART Advice in Sydney.

“Buying sight unseen doesn’t mean you are necessarily going to be unfamiliar with the suburb, community, council developments, building and strata inspections, holding costs and possible income and deduction calculations,” Horsfield says.

“If you know all the answers to the above and you have a price point to work within, with the power of the internet you can make an educated decision.”

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SMH Money 1st October 2015

How to may your mortgage off faster Thinking creatively helped Peter Horsfield and wife Roz pay off the mortgage on their Sydney home in just seven years. The young couple was keen to get the mortgage monkey off their backs as soon as possible.

"Being under 30 and having a $600,000 mortgage and being newly married was a fairly freaky kind of experience," says Horsfield, a financial planner.

So after a year, they rented out their furnished three-bedroom apartment to executive clients for $1200 a week. Meanwhile they moved into a one-bedroom apartment in the same block, paying about $450 a week in rent.

They also set strict savings goals, invested in study to improve their salaries and ploughed any bonuses or extra money into the mortgage until it disappeared.

Horsfield said the strategy worked so well that they did it again with a second property.

"It's a wonderful feeling – it just opens the door to other opportunities," says Horsfield.

Read more: http://www.smh.com.au/money/borrowing/how-to-pay-your-mortgage-off-at-speed-20150929-gjxi2z.html#ixzz3nHUqSUyO

SMH Money 15th September 2015

Moving out for the first time? Here's how to budget

To avoid last-minute panics on rent day, or when bills arrive, get organised early.

Adding up all your likely expenses, including other costs such as car registration, then dividing them by 52, is one way to figure out how much you'll need to set aside each week.

 Peter Horsfield recommends establishing an account with a buffer amount, then topping it up weekly, fortnightly or monthly from your salary.

 "From this operating account establish a direct debit to pay your regular bills," he says.

 "Doing this automation frees up your time, reduces your stress and can help you keep focused on other more important areas of your life."

 Read more: http://www.smh.com.au/money/borrowing 

 

Boomeringo 28th August 2015

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Peter Horsfield - an experienced CFP from PeterHorsfield.com.au 

Know what is important to you. If you don't have a good enough reason, then when the going gets tough (as everyone who is successful will tell you) you chance of failure increase. Failure only happened when you decide to give up on your goal before reaching it.

Clearly identify your goals. This requires naming the goal, amount required (finish line), dates, and visualisation of how you will feel once you have achieved you goal. Goals need to be SMART (Specific, Measurable, Aspirational, Realistic & Time Bound).

Have a Game Plan. Know where you are and have a list of activities you need to do on a regular basis. Check in along the way (monthly/quarterly/semi annual and annual) to see your progress, or not and make appropriate changes. Regardless of doing something or nothing time will march on. 

For the full article go to https://www.boomeringo.com/blog

Canberra Times 6th July 2015

Education Leverage your mortgage

For home-owners, a standard savings plan is rarely the most tax-effective strategy, says certified financial adviser Peter Horsfield, founder of SMART Advice. Instead, leveraging your mortgage could be a much more profitable way to go. 

“When you park your savings in your mortgage offset account, you’re not going to get taxed on the interest,” Horsfield explains.

“Yes, the loan will eventually go back up when you draw those funds out to pay for education costs, but in the interim, less interest payments equals more money that you can use to reduce your overall debt.”

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Vet Practice Magazine 10th July 2015

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 Businesses never go bad overnight—there are always warning signs. So, what to do if you are seeing red flags every way you turn?

Cash Flow

Less than three months of readily available cash?

“Maintaining a buffer of cash [emergency funds] is most important,” says Smart Advice financial planner Peter Horsfield. “If you are financially stressed, this will most likely affect how you react to others, your decision making process, personal health and your wellbeing. Knowing you have at least three months of cash reserves to cover your personal/business expenses allows you to ride out the ebb and flow of business seasons.”

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