New tool helps make mental health everyone's business
As rewarding as it can be, running a small business can also cause stress and anxiety. That’s why MYOB has partnered with leading Australian not-for-profit in the preventative mental health space, Smiling Mind, to create a unique, free-to-use Small Business Program. Business owners are known for regularly suffering through sleepless nights as they work through all the various challenges, contingencies and pressures their business faces. And at a time like this — with business owners dealing...
How a growth mindset can help you thrive under COVID-19 and beyond
In this article, John Rives of the Growth Mindset Institute provides his personal account of the outbreak of COVID-19, and how applying growth mindset theory has helped guide his business through uncertain times. No doubt, just like I did, you woke up a few months ago in an environment of constant uncertainty and threat — many of us have never experienced this level of change. Daily infection statistics try to reinforce the message to stay home while planes are being grounded, borders are...
Save for a house deposit
How much you need for a house deposit A great savings goal for a house deposit is: 20% of the purchase price of the house plus enough to cover the costs of buying a house Some lenders only require a 5% deposit. But a smaller deposit means a bigger loan and you'll have to pay for lenders mortgage insurance (LMI) A bigger deposit also shows lenders you're a good saver and able to manage your finances. This can increase your changes of getting approved for a home loan. Loan to value...
Binge-Worthy Podcasts For Slow Days
By Food Matters contributor, Tess Patrick. I love a good podcast. The ones that take you on a journey, that are engaging and captivating but not too serious. And in this day and age, there’s a podcast for almost anything. They’re great to play in the background while you’re getting ready for work, or when you get bored of hearing the same playlist over again. From true crime to pop culture, there are masses to wade through - so we’ve rounded a few of our most binge-worthy podcasts for...
Superannuation for younger investors
The Australian superannuation industry has been in the headlines almost every day in the past few weeks, with the Federal Government predicting that as many as 1.7 million people will look to access their superannuation early as part of COVID-19 relief measures. For those that have a choice and are wondering if they should take up this opportunity, we have published two articles recently that might shed some light: The cost of early superannuation access and How early superannuation...
9 super tips for this EOFY
So much has happened over the past couple of months since the coronavirus (COVID-19) turned the economy and our lives upside down. It’s easy to forget that the end of the financial year is just around the corner. Your super is always something you should consider around tax time because it’s a very tax-effective investment vehicle. Here’s our top superannuation tips that you should consider before June 30. 1. Make extra super contributions and claim a tax deduction. If you contribute to...