These tools are amazing because you now have control
We will add more tools and calculators to help you get control.
For now though, sink your teeth into these.
What is BMI and how might it effect your personal insurance?
Body Mass Index is a simple tool that helps insurance providers. The index helps the insurance underwriters to assess the ‘risk’ that you might pose them as a policy holder.
A very high (or low) index, may mean that there are underlying health conditions.
Check out the calculator for yourself.
What is net wealth? Simply, it is your assets less your debts.
This tool will help you add up all the things of value that you own. Then you add up all the debts that you owe people.
The calculator will then tell you your net wealth.
Check out the calculator for yourself.
Start with where you are at.
Where are you at..?
Use this tool to find out. How much do you earn, how much do you spend, and how much is left over?
Get to know your spending habits.
More importantly, learn to use what is left over more wisely. Get your money working for you. You do that by payin yourself first. However, first you need to know how much you can realistically afford.
Small bite-sized chunks makes all the difference. You improve your financial position by being boring – yup I just said that.
Be boring.
Save a small amount on a regular basis.
See what happens if you put just a small amount away for 5 years at 5% compounding interest.
Not sure what compounding means? That’s fine – interest on interest on interest on…
It can be hard to figure out how much cover to get.
This simple tool is a step in the right direction. It won’t have all the answers, but you’ll have a much greater understanding of what you should be thinking about.
At the very least, this tool will allow you to have a better chat with your financial adviser.
