Blog from the Bridge

Advance Health Care Directives (AHD’s)

go to the WA web site :www.health.wa.gov.au You can save your family huge problems when you are unable to communicate your health care wishes by preparing an AHD before you are in that invidious position. But you can only prepare an AHD whilst you actually are in good health and have the capacity to understand what you are doing. It is a legal document which adult persons set out their decisions about what medical treatment they want and do not want. It is a conversation that should be had with ALL family members.

Stress is the difference between your reality and your expectations….

 Ricardo Semler once said “freedom is no easy thing. It does not make life carefree-because it introduces difficult choices. It is much easier for people to give into a familiar system in which they do not have to make any decisions”. If you want a starting point, go onto the ASIC web site and click on the “Money Smart” tag and get the budgeting tool going and download the money tracker app so you know where you are spending your $. Do not expect any outside expert to hand you the answer ,’ like a silver bullet’, to all yourRead more...

The Fiscal Dance

It is a constant mystery to lots of people on how to build wealth, minimize tax, earn passive income, compound their earnings, use leverage carefully, negatively gear appreciating assets where appropriate and earn income other than by the sweat of their brow. The ‘dance’ is a mystery. It is not taught in schools and rarely touched on at University. They are out of step and out of the game. So how do you become a dancer ? ” feeling the icy kick, the endless waves Reaching around my life, I moved my arms And coughed, and in the end sawRead more...

WEALTH CREATION EPIPHANY

I am a great believer in surrounding yourself with quality advisers particularly accountants and financial planners. Everyone needs support and guidance to reach their fiscal destiny. However, always looking outside yourself for the ‘silver bullet’ will rarely produce the results you want. The starting point for any meaningful changes is an acknowledgement from you that the status quo is not acceptable and you can do better. The second point to note is that knowledge alone will not be enough to get you to your goals. It needs to be matched with deep understanding and ACTION. Your behavior must be consistent,Read more...

BUSINESS PLANNING SERIES -2