The health and wealth connection

The health and wealth connection

Sport and fitness has always been a big part of my life. Whether it’s training for triathlons, competing in road cycling races, or just having a hit of tennis with the kids, it’s something that I contribute consistent effort to. Over the years, I’ve noticed some similarities between staying healthy and living a wealthy (whatever […]

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Adapt your super strategy to respond to changes

Adapt your super to respond to changes

The evolution of the superannuation and social security systems continues to take twists and turns that can throw up challenges for your retirement planning, but can also present opportunities to boost your retirement savings position. Some recent changes, in particular, are worth noting, while some existing opportunities may also be well worth revisiting, so that you can take full advantage of […]

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Ask Troy: What do you want to know?

Ask Troy: What do you want to know?

We want to hear from you. What questions do you want answered? What topics do you want to learn about? We want to help you, your family and friends. Please send an email to reception@collinsfinancialgroup.com.au to let us know. Want to be anonymous? Why not leave a sneaky voicemail when our office is closed – 1300 850 […]

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What is trauma insurance and why should I have it?

What is trauma insurance and why should I have it?

A serious illness can make it difficult or impossible for you to continue to work. If something were to go wrong and you weren’t able to work for an extended period of time, you would probably need to find a way to support yourself and your family financially. Trauma cover can provide a financial safety […]

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Planning around life's key milestones

Planning around life’s key milestones

Life’s journey can sometimes be a roller coaster and all of us will have a unique variety of experiences, but there are some key events that will happen to most of us and these can be important markers for planning our financial security. Life is punctuated with events that can involve changes in lifestyle, relationships, opportunities and commitments. These are often celebrated occasions that […]

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Don't be afraid of market volatility

Don’t be afraid of market volatility

Investing in shares or property can feel a bit nerve-racking sometimes. Especially when you can see valuations change on a daily basis, like with the stock market. In this video, I give you a few things to consider when markets get volatile.

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Design your ideal retirement

Design your ideal retirement

To drive your financial plan for retirement it is vital to firstly do some specific planning about your retirement lifestyle. The best way to do this is to put financial issues aside for a moment and just focus on lifestyle goals. Start by brainstorming with your spouse on things such as activities, hobbies, socialising and travel. Then, there are other issues that […]

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6 ways to help achieve your goals

6 ways to help achieve your goals

If you’re serious about achieving your goals, it’s not just a matter of dreaming big, writing it down and taking the right actions. You also need to know whether what you’re doing every day, is getting you closer to or further from the end game. Here are six ways that will help give you a […]

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Living insurance for real lifestyle choices

Living insurance for real lifestyle choices

Personal insurances such as life and total and permanent disability are usually associated with protecting us from those worst case scenarios, such as the death of a loved one. Improvements in survival rates from major illness, are now prompting many to consider the need for ‘living insurance’ offered by trauma cover. Advances in modern medicine and a greater awareness of healthy lifestyles have seen an […]

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Grey nomads enjoy freedom

Grey nomads enjoy freedom

It’s a growing phenomenon with appeal to those who want to enjoy an active independent retirement. The grey nomads are packing up and heading out on self-contained sojourns to all corners of the country. With the responsibilities of a family and mortgage no longer keeping them pinned down, those who have planned their finances well are discovering they now have the time and money […]

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The power of regular investing

The power of regular investing

Investment markets fluctuate from hour to hour, day to day, month to month and year to year. Sometimes they perform well, the value increases and money is earned. And other times value decreases, often over shorter periods of time, and money is lost. With all that volatility, one of the things you need to consider […]

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Should I repay my mortgage or should I invest?

Should I repay my mortgage or should I invest?

A common question we get asked at Collins Financial Group, is “Should I repay my mortgage or should I invest”. The short answer is, “it depends”. But there are a few things to consider before you decide the best option for you. Troy will explain more in this short video.

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Break free from your personal debt drag

Break free from your personal debt drag

In our modern society it seems that it is all too easy to take on debt as a way of getting what we want sooner. When used properly, debt can be a valuable tool for lifestyle and financial planning, but if you feel it is getting out of control here are some tips to help get you back on track. Plan your […]

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Who's the chief of your family's finances?

Who’s the chief of your family’s finances?

I’ve been married to my beautiful wife Marilo for over 20 years. As my childhood sweetheart, we got married young. We started with nothing, and over the years have built a successful business, had three children, built a house, moved several times, and lived a life that’s not uncommon for most Gen Xer’s. But it […]

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Falling oil prices and the impact on global growth

Falling oil prices and the impact on global growth

There has been significant media attention in recent weeks following a dramatic fall in oil prices. The impact of this fall depends primarily on whether the fall has been due to increasing supply or falling demand. On this question our research partner, BCA, argues that increasing supply factors; technological advances in shale production and increased […]

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Coping with life's challenges

Coping with life’s challenges

Life may sometimes present us with challenges that test our ability to cope. These challenges may impact our identity or self worth but they can be overcome. Issues such as relationship upheavals, retirement, children moving into adulthood or leaving the home will emerge now and then to test us. More sudden events may also occur, […]

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Unlocking your super - what are the rules?

Unlocking your super – what are the rules?

Superannuation is intended to encourage and preserve saving for retirement, so it is not surprising that there are strict conditions placed on how you can access the money you have accumulated. Generally, accessing superannuation requires you to satisfy what is known as a ‘condition of release’, as well as any rules imposed by your particular […]

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Equip yourself to care for your kids

Equip yourself to care for your kids

As parents we don’t think twice about doing all we can for our children, but many of us may have a gap in our financial planning that could prevent us from giving them the best possible care. Protecting and caring for our kids is perhaps the highest of all priorities. We work hard to give […]

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Capitalising on low interest rates

Capitalising on low interest rates

Believe it or not, it’s been nearly a quarter of a century since the Reserve Bank Cash Rate peaked at 17%. Such a massive rate was a bain to those with a mortgage, but was a boon to those relying on investments for income. Times have changed. The rate now stands at 2.5% and it’s […]

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Small changes can make a big difference

Small changes can make a big difference

I recently heard a story about a man who had a piano that he hadn’t used in a long time. He sat down to play a song, and after hitting a few keys found it was completely out of tune. So he called on a piano tuner, who came by his house. The piano tuner […]

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What happens when you start overspending?

What happens when you start overspending?

At Collins Financial Group, one of the things we do when creating a financial plan, is work with you and your partner to determine what is reasonable and appropriate for you, in terms of spending. Many people hate the idea of a budget, and for most people, strict budgets don’t work. We believe it’s important […]

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What is share market volatility?

What is share market volatility?

With share market volatility a daily part of news headlines, it’s only natural to be concerned about how the fluctuations might be affecting the value of your investments. It can also be tempting to move your money into less risky investments. Everyone has heard of the term “market volatility” but what is it exactly? Market […]

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Inspiration from San Francisco

Inspiration from San Francisco

I recently attended the 2014 Million Dollar Round Table (MDRT), Top of the Table Meeting in San Francisco, California, USA. All 350 candidates had to qualify and pay their own way to the conference. It was a fantastic event for the best of the best in financial services from around the world. I thought it would be […]

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Goals

GOALS.003: Wendy Barron – Health and wellness coach

Wendy Barron is a wellness, health and fitness coach who left a successful corporate career at age 36, to travel for two years. She reinvented herself as a personal trainer, and by setting her own goals, has achieved further success. She now helps other people achieve what they are striving for through her business, Mind […]

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What we can learn from Ed Sheeran

What we can learn from Ed Sheeran

I was in the LA Qantas lounge recently and was looking for a quiet place to sit. Before I could even sit down, I noticed I was sitting right next to one of my favourite English musical artists, Ed Sheeran.  Ed has produced songs such as, “The A Team”, “Small Bump” and most recently, “Sing”. […]

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The KISS (Keep it Simple Stupid) Method

The KISS (keep it simple stupid) method

Have you ever heard the acronym, KISS – Keep it Simple Stupid or more politely, Keep it Simple Silly? I was on a flight from Brisbane to LA recently and I had the privilege of sitting next to a successful business man who told me he is living his dream (his words). He had packed […]

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Just do it

Just do it

In life we should always be looking for opportunities to grow and improve ourselves, personally and professionally. We need to have things happening in our lives that make us feel important, that scare us, that make us feel that we are actually achieving something of value in our lives. I’m a strong believer in setting […]

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Don't let your goals slip away

Don’t let your goals slip away

Another financial year has wrapped up and in less than 20 weeks time you will be doing some unwrapping in the form of presents sitting underneath a certain festive tree.  So how is this year tracking for you? I hate to be that person to break the news, but it is true… we are almost […]

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Goals

GOALS.001: Troy Collins – Welcome to Goals

I’m Troy Collins, the Managing Director and Senior Financial Planner at Collins Financial Group. I’m passionate about helping people achieve their goals and ambitions, and seeing them achieve success in the areas of their life that are most important to them. I’ve created a new bi-weekly podcast called “Goals“, where I’ll be talking to successful and interesting […]

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The three way struggle - tax, debt, lifesty

The three way struggle

Have you heard of the “three way struggle”? It’s an important concept to understand before you start investing. What is it? Tax Debt Lifestyle Whether you work for yourself or someone else, your job generates cash flow. But what most people do, is pay themselves last. Once your tax comes out, and debt (like your […]

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Visualising a new reality

Visualising a new reality

Goal setting allows you to create the kind of future you want, independent of what others want you to do or are doing themselves. It starts with seeing something in your future that doesn’t currently exist. The more details you specify, the more your mind takes ownership of the result. What does it looks like? […]

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Time and dollars - Living today and planning for the future

Time and dollars – Living today and planning for the future

The most important thing when it comes to investing is to consider the outcome that will give us the financial independence we desire. We need to think with the end in mind. Financial independence involves two key things: Time: The date or time when we have the option to stop work and be financially independent. […]

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2014-2015 Federal Budget Summary

2014-2015 Federal budget summary

The Budget proposed changes to superannuation, social security and taxation, and presents opportunities to review financial plans. If passed by parliament, there are several changes that come into effect from 1 July 2014 while others are progressive and will significantly impact retirement strategies.  We have provided a summary of some the changes and potential impacts […]

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How to cultivate goals

How to cultivate goals

Your life has many different dimensions, and goals are the fuel for growth in all these areas. They include personal health and fitness, relationships, business growth, and personal finances, to name a few. In all these areas, you need to think with the end in mind. Understand what the ultimate outcome is that you desire, […]

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A goal is a dream with a deadline

A goal is a dream with a deadline

Goals need to be SMART if they are to be achieved. Most of you know this already but for those that don’t, SMART goals are: Specified – written down and clearly defined Measurable – defined in terms of time, kilos, dollars etc, so you know when you have achieved the goal Achievable – you need […]

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Robert Innes - Saved my life

Your life can change in an instant

One of our clients, Robert Innes, shares his story. Some 25 years ago, I met Troy Collins’ dad, Brian, when we played tennis against each other. At that time, he suggested various insurances and superannuation strategies, that really didn’t mean anything to me, at that stage of my life. I simply trusted Brian and our tennis […]

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