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The information in this section is general in nature and is available to you for educational purposes. It should not be considered as personal financial advice. Should you like to know more about the contents in this section, please feel free to contact Modern You for a friendly chat with our advisers.

What is investing?


You work hard for your money; investing is the means to allow your money to start working for you. Investing is the discipline of allocating resources, usually money, with the expectation of generating an income or profit. You can invest in endeavors, such as using money to start a business, or in assets, such as purchasing real estate in hopes of reselling it later at a higher price.


What is superannuation?


Superannuation, or commonly referred to as “Super” is a tax effective platform that allows you to save for your retirement.  Although this is an asset that you own, unlike most investments, you must first reach a condition of release before you can access these funds. The most common condition of release is once you have reached the age of 65 years.


What is retirement planning?


Retirement planning is simply, planning when you know longer want to continue working. A common misconception is that you must be in your 50’ or 60’s to start planning for your retirement. However, in reality, you are never too young to start planning. Factors to take into consideration are:

  • When will you like to retire?

  • What lifestyle would you like to live in retirement?

  • How much will you need to fund your lifestyle?


What is insurance?


Insurance is a means of protecting the lifestyle that you have worked hard to create for you and your loved ones in the event of an injury, illness, or premature death. The most common form of insurance is:

  • Death cover: Generally, pays a lump sum amount in the event of your death or being diagnosed with a terminal illness.

  • Total and Permanent Disability (TPD) cover: Generally, pays a lump sum amount to you in the event of a serious injury or illness permanently affecting your ability to continue to earn an income.

  • Trauma cover: Generally, pays a lump sum amount in the event of a serious illness, such as a stroke, cancer, or heart attack.

  • Income Protection (IP): Generally, pays a regular income in the event that you are unable to earn an income due to an injury or illness to assist in covering the costs of daily living.


What is debt management?


Debt is not a dirty word, and if managed properly, can be a useful resource in making large purchases such as buying a house. However, debt can be overwhelming. Debt management is a way to get your debt under control through financial planning and budgeting. The goal of a debt management plan is to use these strategies to help you lower your current debt and move toward eliminating it completely.


What is budgeting and cashflow management?


Budgeting is the process of establishing the foundation on what money you are receiving and allocating where you are going to spend your funds. Once established, budgeting requires discipline and ongoing monitoring as your circumstances can change. Cashflow monitoring is the process of allocating your funds in accordance with your budget.


What is Estate Planning?


Estate planning is preparing for the unexpected. It is a means of ensuring your legacy is passed on according to your wishes and your assets are passed on to the intended beneficiaries. It is also a means to ensure that your affairs are sorted out in the event that you are physically unable to attend to them yourself. In addition to this, estate planning can also be an effective strategy to help reduce tax.  


What is asset allocation?

Asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance, and investment horizon. It’s the proportion of defensive assets Vs aggressive assets as each have different levels of risk and return, so each will behave differently over time.


What is Transition to Retirement?

Transition to Retirement is the process of increasing your retirement usually once you have reached the age of preservation. It can be a tax effective strategy with the objective of reducing one’s tax whilst increasing their savings. However, there are multiple factors that need to be taken into consideration prior to establishing this type of strategy as it may not be effective for everyone.



What is Salary Sacrifice?

Salary sacrifice is an arrangement with your employer to forego part of your salary or wages in return for your employer providing benefits of a similar value. As per the ATO website, one example of a salary sacrifice arrangement is to have some of your salary or wages paid into your super fund instead of to you.

Understanding financial Jargon


Understanding the lingo can be overwhelming, here are some basic terminologies to help you get an edge on your friends, family and colleagues. Click here to get the ABC'S of financial jargon. 


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