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SMH Money 15th September 2015

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

The sixth in the SMH Basic Training Series Larissa Ham inteviews Peter Horsfield Certified Financial Planner and Founder of SMARTadvice on some basic tips and advice for anyone starting to manage their own financial future. 

Never fear, we're here with a few tips on staying in the black.

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Vet Practice Magazine 10th July 2015

iStock 000034152084 XXXLarge PPBlake Dennis Editor of Vet Practice Magazine talks with Certified Financial Planner and founder of SMARTadvice Peter Horsfield about why cashflow is just as important to business as it is our personal lives. More importantly he discusses "red flags" to watch out for, ensuring you keep on track and businesses doesn't go bad overnight.

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The Age: Money Section 2nd July 2015

How to overcome share market anxieties

Fairfax Money reporter David Wilson interviews Certified Financial Planner Peter Horsfield on how we can over come sharemarket trading anxieties.

With new buzz words like momentum trading, neuro-investing, behavioural based, contrarian and many more its easy to be confused not know what to do.

Whats the best approach to investing?

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NRMA Living Well: Independent Living. 11th May 2015

Living WellFor organised types who like to have their house in order well in advance, what are some of the financial things that might warrant attention before June 30 rolls around?

Super top-up

If you're over 50, still working and not salary sacrificing the maximum $35K per annum into your super fund then consider doing so, if funds permit, before the new financial year begins. Concessional super contributions are taxed at just 15 per cent, which means you'll pay less to the ATO while increasing the size of your nest egg, according to Sydney financial adviser Peter Horsfield.

Topping up can be especially effective when applied in conjunction with a 'transition to retirement' strategy.

For more read the full article at https://www.mynrma.com.au/living-well-navigator/independent-living/are-you-ready-for-tax-time.htm

 

NRMA Living Well 22nd April 2015

Big Ticket

So what's the best strategy to ensure we're not caught short when these items need unexpected or urgent replacement?

Does it make sense to upgrade your wheels, white goods and home furnishings before you retire and are still earning in the hope of enjoying several trouble-free years with your new kit? Or does setting aside funds specifically for major purchases as they're needed make better sense financially?

The latter, says financial adviser and SMARTadvice founder Peter Horsfield.

He advocates having a healthy cash cushion on hand before downing tools. Think a minimum year's worth of living expenses in cash or easily accessible term deposits, plus an additional three months' of emergency funds.

Meanwhile, "don't trouble trouble until it troubles you," Horsfield counsels.

"Don't buy a whole lot of new stuff just before you retire - think more about the opportunity you have to de-clutter," he says.

For more read the full article: https://www.mynrma.com.au/living-well-navigator/independent-living/budgeting-for-big-ticket-items.htm

Sydney Morning Herald (Money) 31st March 2015

Common Coinage

"Clearly there is a strong argument for having an Anzac dollar," says financial strategist Peter Horsfield. He highlights multiple benefits, ranging from the end of transaction currency costs to a more efficient tax system between the two neighbours.

Another advantage of a trans-Tasman dollar is that it would strengthen the historically entrenched unity between the two countries, bolstering economic co-operation and shared values: the young, predominantly Anglo-Saxon Commonwealth countries have an Anzac identity, cemented by the same legal, political, religious and social structures, Horsfield says.

"So, yes, there are many fundamentally sound reasons and efficiency benefits proposing an Anzac dollar," he says, but he has qualms. 

To read the full article: http://www.smh.com.au/money/investing/could-common-coinage-bring-us-together-20150331-1m81g2.html

ABC National (Adelaide) 891 7th April 2015

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ABC National (Adelaide) 891 Afternoons with Host Sonya Feldhoff.

Listen to the podcast here:

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SMH My Small Business 15th March 2015

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It is not a sign of weakness if you pause occasionally, reflect and breathe.

In fact, giving the other party a chance to say their piece can prove potent in a tense or protracted negotiation as slowing the pace can help you reassess, regroup and return with an effective counter.

"Let the other person talk and allow one breath before you reply," says certified financial adviser Peter Horsfield, who describes his job as "one part financial adviser, one part marriage counsellor".

"This tactic will ensure the speaker feels heard and it will give you some time to reflect before replying."

Focus on the issue, not the individual

Professional negotiators who seal deals never launch personal attacks on their opposite number.

Business is business and as soon as your client/supplier/distributor hears name-calling or foot-stomping, you've lost your deal-making power.

"This is important as people who feel judged often close up or counter attack," Horsfield says.

"The key to negotiating is to keep conversation going and find grounds of similarity that both parties can agree to work on together."

Read the full article: http://www.smh.com.au/small-business/managing/seven-crack-negotiating-tactics-20150314-13qgwk.html

www.realestate.com.au 1st March 2015

Luxe Homes Later in Life

Certified Financial Planner Peter Horsfield helps many empty nesters and says as people age they “realise their vulnerabilities … and value convenience”.

They prefer ground floor apartments “with a pleasant outlook” in low-rise developments with an elevator.

A pool is a bonus but Horsfield says his health-conscious over-55s clients mostly want onsite gyms.

Cinemas, concierge services, underground parking and ground level shops, restaurants and cafes are also features vying for baby boomer buyer attention in today’s highly competitive new apartment market.

“Look, they have worked hard and are seeing people going to concerts, the opera, restaurants and so this lifestyle is sought when downsizing to an apartment,” Horsfield says. “They also want proximity to hospitals, transport and family and friends. Location is the most important factor.”

Read full article : http://www.realestate.com.au/blog/luxe-homes-later-life/

SMH My Small Business 27th Feb 2015

Are Book keeprs the next financial planners?

"Bookkeeping is the instrument that gauges of the lifeblood of every business by recording income and expenses. As such I believe high standards of bookkeeping are essential. It underpins and aids the success of any business, small or large," says Peter Horsfield from financial advice firm Smart Advice.

He explains the most important benefit good bookkeepers provide business owners is information about their own business, so that they can proceed with, or decline, opportunities presented to them with greater confidence, based on real information about their business performance.

"Bookkeeping plays such an important role in aiding reporting and decision making processes in a business, better regulation of this role is important and would have flow-on benefits for consumers, business owners and bookkeepers," Horsfield says.

It would mean bookkeepers would receive recognition as an important profession in their own right. It would encourage better professional advancement by allowing them to more closely partner with accounting bodies.

Continue Reading: http://www.smh.com.au/small-business/trends/the-big-idea/are-bookkeepers-the-next-financial-planners-20150226-13nwd6.html

SMH Money 13th Feb 2014

Gambling on our future: are Australians financially reckless?

Financial planner Peter Horsfield also reckons Australians are reckless — especially when speculating on property with borrowed funds. Horsfield partly blames market forces – the tax deductions and historically low interest rates.

Unfortunately, Horsfield says, investors are leveraging into the market well after the start of a growth cycle, spurred by family and a friend at a barbecue, or unregulated get-rich-quick spruikers.

Caught up in "the bravado of the block", some investors try to build a property empire, driven by greed or narcissism.

Warning how easily a "cross-collateralised" empire built on multiple mortgages can unwind, he quotes Warren Buffett on the perils of leverage. "To make money they didn't have and didn't need, they risked what they did have and did need."

Read the full article: http://www.smh.com.au/money/saving/gambling-on-our-future-are-australians-financially-reckless-20150212-13ckir.html

 

SMH Money 11th Feb 2015

The Snowball method Financial planner Peter Horsfield is a big fan of the Snowball method. He gives the example of a couple who had multiple debts ranging from $1300 on a credit card to $100,000 on a home loan. He asked them to direct 10 per cent of their gross income, or $750, towards debt repayment, starting with the smallest debt. When that debt was paid off the trick was to add the amount they were saving ($300 per month) to the $750 and direct that towards paying off the next debt. "You lather, rinse and repeat until all your debts are paid off," he says.

The Snowball method This starts with paying off the smallest debt first, then tackling larger and larger ones. Why? "If someone has got a lot of smaller debts that can lead to them feeling overwhelmed especially when they are dealing with several companies and lenders," says David. Paying off one debt quickly creates a sense of positive momentum and encourages you to keep going.

Read the Full Article: http://www.smh.com.au/money/saving/many-ways-to-escape-debt-spiral-20150206-136qfk.html

 

New Daily 27th January 2015

How To Protect Your Money From Divorce

The courts can’t be beaten, but there are ways to ensure you don’t lose everything.

Divorce is to be avoided at all costs, as the lawyer fees, asset split and ongoing maintenance can be crushing.

Research commissioned by law firm Slater and Gordon has found that the start of the year is one of the most popular times for wives — who are more likely to instigate a divorce — to book an appointment with a family lawyer.

Whichever partner looks after the children can expect to take up to 80 per cent of everything, so the best advice for the other side is to never, ever let it get to that stage.

“If you can at all avoid it, don’t get divorced. It is a very quick way to erode your wealth and health,” says Sydney-based financial adviser Peter Horsfield.

But wisdom tells us to prepare for the worst, so here are some sound ways to protect your money from a relationship breakdown.

Read Full Article: http://thenewdaily.com.au/money/2015/01/27/protect-money-from-divorce/

New Daily 31st December 2014 

Get happy: 25 (realistic) New Year’s resolutions

Peter Horsfield, financial advisor

1. Start. It’s action that will make you successful. If all you do is daydream or worry about making a decision there is a great chance you will never achieve your goals. Now’s the time to start saving for that holiday, open that term deposit or invest that money.

2. Make your goals personal. You are going to receive the most personal and financial satisfaction if your financial goals are all about what’s important to you.

3. Reward yourself. Run your personal finances like a business. When you have worked hard and achieved a result above your targets, you expect a bonus. So when you do the same in your own personal financial goals, give yourself a small reward.

4. Focus on what you can control and let go of what you can’t. For example, you can control your regular savings and expenses but you can’t control the share or property markets. Regular savings, reinvesting returns for compounding and seeking out low administration cost investments are all within your control. Stop chasing that next hot investment, highest return or asset class.

5. Hold yourself accountable. Identify the gap between current reality and your goals and document a game plan that you will have to put into action. Ask someone you trust to monitor your progress.

Read Full Article: http://thenewdaily.com.au/life/2014/12/31/25-new-years-resolutions-will-actually-work/

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