Money Lessons From A 5 y.o – Video

Today I got to do a fun interview with my 5 y.o Lila Thompson. Some takeaways from the interview were that the secret to saving money is ‘don’t spend it’, you only need $100 to retire and she answers the age old question that money does, in fact, make you happy! Phillip Thompson & Thompson…

Budget 2017 – Video

It was an exciting night last night for all finance geeks around Australia with the Federal Treasurer handing down the 2017 budget. Here are my top three take away from the budget and I’d love to hear if you think I missed anything important. 1. Housing Affordability 2. Tax 3. Welfare Phillip Thompson & Thompson…

What Mens Urinals Can Teach Us About Goal Setting – Video

We’ve hit a massive milestone as this weeks video is my 100th Phil’s Finance Fix video! This week I talk about how Jos van Bedaf came up with an ingenious yet simple idea, the urinal fly, an excellent idea on how to reduce urinal ‘spillage’. Its estimated to reduce spillage by up to 80% as…

Comfortable Ignorance or Painful Truth – Video

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5 Tips When Buying At Auction – Video

Buying a house at auction can be a very stressful and time-consuming way to purchase and it seems more a more properties are going to auction these days. This week’s video is my top 5 tips when buying at auction. 1. Inspect the property 2. Get legal advice 3. Prepare your finances 4. Keep your…

Difference Between Fixed and Variable Loans – Video

This week I talk about the difference between fixed and variable loan. Fixed rate – You’ll know exactly what you need to pay each month and be protected from any increase in interest rates. Variable rate – You can make early or additional repayments at any time at no extra cost. Most banks will often…

What To Look Out For When Using a Mortgage Broker – Video

This week I talk about what to look out for when using a mortgage broker. Around 50% of all mortgages in Australia go through a mortgage broker. Here are some top tips when working with a mortgage broker: 1. Make sure broker is licensed. 2. Ask about broker’s affiliations 3. Be Specific about your needs…

Saving Tips For First Home Buyers – Video

This week I talk about some Smart tips for saving for your dream home. Here are some tips to build your home deposit fund faster: 1. Start now 2. Break the deposit down into weekly payments 3. Cut back on extra 4. Move back in with the olds. 5. Put savings into high-interest savings account….

Victorian Government Stamp Duty Changes – Video

This week I talk about Victorian Government stamp duty changes aimed at making housing more affordable for first home buyers purchasing a property valued below $600,000 by abolishing Stamp duty. And starting July of this year discounts will also be available for property purchases between $600,000 and $750,000 on a sliding scale, regardless of whether…

How Does A Line of Credit Loan Work – Video

This week I talk about how a line of credit home loan works and who this type of loan may be best suited too. The three types of people a line of credit loan may be suitable for is: 1. Business Owners 2. Investors 3. Planning a Family If you’ve got any question about a…