Comfort with Money

by Rodney Gibson Financial Advisor

I am a sole practitioner with 40 years experience in finance, taxation, law, business and accounting. I am currently associated with SALA Financial Services. I provide the following:

  • Estate Planning, including wills and powers of attorney (EPOAs)

  • Estate Management

  • Taxation advice

  • Investment advice, including superannuation

  • Business structure advice

 

My aim is to assist you to live within your means and achieve all your financial goals.

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Disaster Time

The memories of the 2019/20 bush fire season will last a lifetime for those in our communities who tragically got up close and personal to natural disaster in the worst possible fashion – loss of life, loss of home, loss of neighbourhood and loss of job. For the vast majority of us the inevitable disappearance of this catastrophe from the news on TV, radio and social media and in the newspapers will allow us to return to the normal menu of politics, sport, scandal, births, deaths and marriages and get on with our lives. The generosity of Australians as demonstrated by the quantum of money raised to assist those affected financially in a really significant fashion, speaks volumes for our nati

A Mug’s Game

A couple of weeks ago I referred to a bet that I once made with a mate. The purpose of referring to that occasion was to emphasize that betting generally makes only bookmakers and casinos wealthy - gambling is a mug’s game. “The exception proves the rule” is a very old saying and there is certainly one outstanding institution in Hobart, Australia, MONA, which is a monument to one very successful gambler’s good fortune. (Note that I did not say “luck”). A psychiatrist acquaintance of mine once told me that a gambling addiction, as opposed to an annual flutter on the Melbourne Cup, was in his opinion, a greater problem within a household than alcoholism or other drug addiction. I find it rath

Who Wants To Be A Millionaire?

Richard Branson’s reply to the question “How do you become a millionaire?” was “Become a billionaire and start an airline”. I recall a group discussion at school about the definition of a millionaire and the bloke who won the Maths prize more or less settled the argument by saying simply that a millionaire was someone who had a hell of a lot of money. Clive Palmer in his somewhat chequered career has been accused of toying with the truth by describing himself as a billionaire when some journalists assessed his true worth as only $950 million. “So what” say most of us – it’s still a hell of a lot of money. In the financial press I am regularly surprised (and offended) by the financial spruike

Till Death Do Us Part

Once upon a time, and maybe even today, most wedding vows concluded with the words above. While death does in fact part the majority of married couples, a significantly large number of marriages end in divorce. The cost of this is enormous but there are many quite wealthy divorce lawyers despite the simplification of the rules. During the Whitlam years the Family Court was established and the biggest change in divorce law was introduced – the “no fault” divorce – with one ground and one ground only, that of irretrievable breakdown evidenced by 12 months separation. Prenuptial agreements, almost universally concentrated on money and/or property, are clear evidence that there is a possibility