Where to Begin for Women’s Strong Financial Independence

Woman to Woman………….

Society works against us in women’s financial independence. Being encouraged to spend, spend and spend.

Is that your main desire and focus? After taking some retail therapy, do you feel empty, not satisfied? There must be more to life!

The average super balance for men still adding to their accounts is $71,645 while women hold an average of just $40,475. The average retirement payout (determined by the average savings for those aged 60-64) was $198,000 for men and        $112,600 for women. In Australia the average salary for a woman is almost 18% less than for a man. (source: Australian Super Women and Super).

What is your fall back position if you have no savings? What is your superannuation worth? Don’t be left depending on others for help.

There are solutions. Think for a moment…………

How is financial independence achieved? How do I protect my salary?

How do I invest to gain independence for my future? How do I protect myself from debt?

Did you know there is protection cover for women’s cancers & other illness?

                                      You can Design your own Desired Future

Call me to make your booking today as Bookings are Essential Ph: 8132 2655 or e:marciaw@afdfin.com.au

Free Knowledge & Awareness – Absolutely No Obligation

                                    Ask about our Specific Women’s Workshops for your Business or Colleagues

Marcia Walsh (AR 291696) AFD Financial Solutions www.afdfin.com.au 270 Payneham Rd, Payneham SA 5070  

Marcia Walsh of AFD Financial Solutions is Authorised Representative of Professional Investment Services Pty Ltd (PIS) – ABN 11 074 608 No. 234951. All Financial Planning services are provided through Professional Investment Services and all Lending & Leasing services are provided Centrepoint Lending Solutions



Personal Check Up

Some Easy Ideas for Financial Fitness and Health Fitness

10 Tips for Money Fitness

1. Be actively involved in your own income and expense each week, month or fortnight (depending on the frequency of your salary)

2. Speak up if you have any questions or concerns with your salary or with your superannuation or any discrepancies on your pay slip and check if you have any personal insurance cover in superannuation.

3. Learn more about your individual rights with Banking, Loans and Credit Cards, the conditions and interest rates. How they are set up. If you don’t’ know ask your bank or a Mortgage Broker or Financial Adviser to help you through the information.

4. Keep all your agreements like mortgage documents, rental agreements and all statements in a safe place

5. Make sure you understand the debt, how much you owe, to the assets, how much you own, and how long it will take to reduce all debts. This affects your future wealth.

6. Make sure you get answers to any questions you ask about your debts and don’t be fobbed off with unclear information. Ask for explanations in simple wording.

7. Talk to a Mortgage Broker or Financial Adviser about your options if you are not sure or think there maybe better options for your current financial situation.

8. Make sure you understand what will happen and have everything explained before signing any documents.

9. Make sure you, your partner, or anyone that any refinance or financial changes interferes with, especially family members that have been guarantors or used equity in property to help you in the past, all know and agree on exactly what will be the outcome for all.

10. Before any settlement of mortgages or finance arrangements, make sure all your direct debits are changed to the new loan account preventing any dishonours.

If you wish to have a copy of the “10 Tips for Health and Money Fitness” please ask me for a copy.

Feel free to contact me anytime for any financial assistance. Your questions are always welcomed.

10 Tips for Health Fitness
1. Be actively involved in your own health care
2. Speak up if you have any questions or concerns
3. Learn more about your condition or treatments by asking your doctor or nurse and by using other reliable sources of information
4. Keep a list of all the medicines you are taking
5. Make sure you understand the medicines you are taking
6. Make sure you get the results of any test or procedure
7. Talk to your doctor or health care professional about your options if you need to go into hospital
8. Make sure you understand what will happen if you need surgery or a procedure
9. Make sure you, your doctor and your surgeon all agree on exactly what will be done during the operation
10.Before you leave hospital, ask your doctor or other health care professionals to explain the treatment plan you will use at home.

Call your Doctor or Medical Centre for further information.


It’s Only M O N E Y


Have you Saved Enough $$$$$$$?

Some of the choices in Life are Debt and Lifestyle. I don’t know anyone who has a few hundred thousand dollars put away in cold hard cash to cover domestic debt. Do You?

Having enough income and money gives us all choices in life.

A car lease and maybe a personal loan then a credit card or two plus a mortgage is the usual single adult or family scenario.

Say there is all up a debt to be paid monthly of about $3,000 or $36,000 yearly. But the actual debt it self in the mortgage and personal and credit cards is $350,000 if had to be paid out tomorrow.

Realistically does anyone normal working person have that sort of money sitting in a safe or safe place like a bank account? NO of course not!

So what am I banging on about?

Protection of YOU and your assets, starting with Income Protection.

Scenario: Male, 30 years of age, Hotel/Bar Manager –Non Smoker, good health no medical family history and no risk sports or activities.

Salary Before Tax $75,000

To protect you and your family the cost is $75.00 per month or $900 per year for Life insurance with Critical Illness like cancer, heart attack and the nasties we all hear about happening to others.

Income Protection is the ‘biggy’ and costs. Think about not having any income this week. None, zero. Can’t bare the thought! Think about it and reflect for a minute or two. Who is going to help? Income Protection is just that and it is readily available and yet so many Aussies do not take advantage of the protection. The obvious advantage of having money going into your account and not having to worry is fantastic. Affordability is a matter of priority and probably a bit of sacrifice at first but well worth the security.

Income Protection for $5,120 per month income with superannuation component deposited into your account will cost $69.00 per month.

Cost of $144.00 a month or $1,728 a year you could have peace of mind and enjoy life without that nagging feeling in the back of your mind, What happens if?  

For $33 per week are your worth it?

And if you are self employed then the urgency is critical.

Food, Utilities and everyday living have been excluded so please keep all this in mind after reading this and taking a logical look at your finances.

All of the above is in a specific scenario that has premier advantages and on stepped premiums out side of superannuation and requires your details in full for a complete analysis and quote for accuracy.

Can you afford not to contact me for a complete work up of your current position and how I can give you some comfort with protecting you and your assets?


Women’s Responisibility

Women will admit to reading this article. Men will read over it with very little comment.

I had to pick this up from LinkedIn for all women. Interested? I am not going to be popular for this comment and this is going to ‘hurt’ but having said that, Women can be very naïve to the point of being STUPID. I am all for Trust in a meaningful relationship but go to point 2…. Some Men think we are an easy mark. Which brings me to Sallie Krawcheck’s  points 3, 4, 9 & 10. Maybe keep this article handy for reviewing and for those days that doubt creeps into your mind.

Sallie is a formidable career women and I am yet to find much of or any personal information about her. I disagree strongly with Sallie noting only professional women’s financial mistakes. I would include all working women, employed, or running the family home and those who choose to work from home.

I am a Wife and Mother with years of life changing experiences. I am a financial adviser/planner too. One thing I ask is for Women to please take responsibility for your own destiny.

We all make mistakes. I’ve made more than my share, it is called Life…we live and learn. If I had an approachable person/financial planner with empathy way back then…….the stress would have been less as we lived with a mix of bad and good luck and survived. Times have changed and relationships fragment. Women please get advice and financial direction for your own dignity and life choices.

Women all over the world have the opportunity to express themselves and comment on IT devices and we have access to valuable information via each other. Use it and explore.

Marcia Walsh Financial Planner Adelaide Insurance & Asset Protection Specialist Make your move:

Here are the top 10 financial mistakes professional women make:

1) Letting your husband or partner manage the money without your involvement. Very 1968… and not in the cool, mod way. Few of us think we’ll get divorced or that tragedy will strike, but look around. It does. You don’t want to be learning about your financial situation while you’re in shock.

2) Signing your joint income tax return without reading it. This is the mistake that divorce specialists often cite. If tax returns are handed to you at the last minute with a “Don’t worry. Just sign it, honey,” don’t. You’re on the hook.

3) Using your husband’s financial advisor, even if you don’t really like him / know him / can’t stand him. (And he is usually a “him.”) Here’s a test: at your next joint meeting, how much does the advisor engage you / speak to you / look at you? If “he” spends most of his time talking to “him,” find your own.

4) Not asking for jargon to be explained. Don’t let politeness or not wanting to look dumb get in the way of understanding your finances. Research shows that both men and women are shy of asking for explanations of financial terms; even so, men still invest while women more typically won’t. (I agree: it’s hard to know which is the worse outcome. So please just ask the questions. It’s your right.)

5) Not taking into account your greater longevity in your investing plan. If you’re married, you’re likely to live 6 – 8 years longer than he does. Does your financial plan take this into account, and your years without him? Even if both of you are “moderate risk” kind of investors, that means different things if you’re living longer.

6) Not buying long-term care insurance. Here’s a shocker: 70% of 65-year-olds will need some form of long-term care. And, again, we’re around for 6 – 8 years longer than he is.

7) Not taking enough risk. We women tend to be more risk averse in our investing. While this may sound counter-intuitive, our longer lives – and the fact that we retire with 2/3s the retirement savings of men – can call for somewhat greater (but still prudent) risk taking, to earn a higher return. This is something that many women have to push themselves to do.

8) Making the “keep working / stay at home” decision based on today’s salary. How often do you hear this: “If I leave the workforce, I’ll be giving up $x in salary, which barely covers the babysitter’s cost”? Rather than analyzing this based on a static point-in-time, it is more accurately thought of as a net present value calculation. That’s because once we women step out of the workforce, we average 84% of our prior compensation if we return after one year and just 50% (!) after three years. This earnings stream should be compared to the (admittedly tough-to-forecast) salary raises one is likely to receive if one stays in the workforce. This very personal decision may not be one based solely on the dollars; but we should at least make sure we are looking at the right numbers.[1]

9) Don’t necessarily judge a product by your old impression of it. People often tell me they simply want to ensure a steady income during retirement. When I say ‘How about an annuity?”, they most often say, “Oooh, no, not an annuity!!” The reputation of the product – driven in part by its complexity – turns them off. But it can be worth spending the time to understand and relook at a product, if it can accomplish an important goal.

10) Not seeing your money as a means to express your values. Many of us express our values through the products we buy, the non-profits we support, the way we spend our time, and the companies we work for. But few of us view our investments as just such a tool. And, indeed, back in the day, values-based investing had a fringe-tree-hugging reputation. The industry has matured, and today can represent a way for individuals to have their money work at more than just earning a financial return for them.

These are the ten that I have seen. What did I miss?

(1) In The Investing Mistake Almost All of Us Make, I wrote that almost everyone fails to recognize that, for many of us, our most significant asset is the net present value of our future earnings. Thus, many of us do not take steps to protect it or hedge it. Instead we ignore it.

Sallie Krawcheck is the Business Leader of the global professional woman’s network, 85 Broads. The network is 30,000+ women strong, with members from across industries and around the world.




Take a Chance and Talk

People TalkingTalk to me!

Life passes by every second, minute, hour day, and all the things that rattle around on our heads keep popping up because they have not been dealt with yet. Women are good at this ‘list’stuff especially at night. How do I know? All my friends admit to this and my clients and we know that this is par for the course.

When it comes to organising the family, work, sport, play, functions and then the groceries, cooking, house cleaning and everything else it is no wonder the thought process only happens at night. It is the only time the mind has time to reflect on the day. The days turn into weeks and then another month has passed.

Do you get the picture?

Do you get the picture?


If in your thoughts and concerns is the mortgage.  That usually comes first to mind.  Then the other debts, the car lease, credit card, store card, the next due utilities bill. Then someone in the family needs braces or has a dental appointment that you know will cost big time. Plus a special birthday! Ah! Not getting quality sleep?

The car registration and insurance is due and coincides with the house and contents insurance. What next? The household income has increased each year and a new increase is due next month.

The bills are always paid on time and there is money for a holiday each year, if we could organise one that would be great. The money is not the issue. It is time and security.

This is typical of family life stories.

Have you noticed anything missing? ??? What is going to happen to this family of 2 adults and 2 children if there is a loss of one income or a serious health problem causes loss of income?

Why I say, “talk to me” is that it is a responsibility to protect and look after what is precious to you.

Worst case scenario is relying on Government benefits and maybe you do not qualify! Do you really want to be waiting for Centrelink to help out?

Let’s return to the ‘list’ stuff and this time you have talked to me and valued my advice taking protection for you and the family. It is quit a different scenario……sleep at night…….and move on with your  Life. Children deserve your responsibility

No more arguements over worries of insecurity. Money being the main factor…………………….Wouldn’t it make life soooo much easier?

Happy Life! Happy Family!

Make a Plan                       Safe Guard It                      Live It

Bread and Butter

I like Bread and Butter , and I like Toast and Jam, song by Newbeats back in 1964. Well the song ends with another liking chicken and dumplings with some other guy ….

Bread and Butter , (or margarine, olive oil or what ever is your liking ), is a staple of life.

Life! Are you existing in a chosen lifestyle? Good food, entertainment and all the trimmings or living on bread and butter or vegemite , or baked beans on toast, toast and jam?

Malcolm Fraser said, “life is not mean’t to be easy.”

The little green frog, Muppet Kermit said, “It’s not easy being green, the colour of spring”.

Life is what you make it and making it has parameters and support for every generation. There will always be those more/less fortunate than others.

How many times have we heard the stories of those that have had such bad luck that they cannot afford to live? Then there are those with so much that they will never want in this life.

Unavoidable events are part of life and I am sure you would agree that most of us have had the unexpected event, health issues, experience or accident.

The media , TV especially, have personal insurance advertised relentlessly. Life Insurance to cover the family if you die or diagnosed terminally ill. Trauma insurance if you are diagnosed with cancer, heart attack, stroke. Total and Permanent Disability Insurance. Income Protection Insurance.

All of the above insurances are to help you after one of those life events with money, bread and butter (the mortgage, utilities, food in the fridge and pantry), toast and jam (the car loans, mobile phones, internet, foxtel, clothing).

Are you heading for a Train Wreck? A Huge percentage of Australians have less than 3 months surplus funds to cover debt and live if there is no income coming into the coffers.

I have not mentioned the credit card debt. The Line of Credit, the mortgage facility and how some use the attached credit card to ‘live’ every month and at the end of the month pay the total debt by sweeping the card to avoid any interest charges. Imagine having the credit card maxed out and most of the toast and jam bills falling due next week and Hubby comes home with the news that he lost his job.

I can hear the Scream……and the first question. What are we going to do now? With one child on the way and no other income coming into the house, what are we going to do? This is a train wreck of capacity to pay normal living expenses.

As a Financial Adviser with colleagues in Family Law, we agree that money stress is often the major cause of relationships eroding. Like rocks fragmenting over time, lack of money will pelt like a sledge hammer into rock.

There are all sorts of reasons for lack of money besides not being able earn an income, self employed with no work or bad debts, or being very bad at budgeting. For those employed, self employed, one income families and dual income families there is no excuse not to have at least Income Protection unless there is a valid reason of health issues.

Have a chat with me or a financial adviser as soon as possible. Superannaution could be a help too.

I like bread and butter and toast and jam too but not everyday!Toast Jam

Meerkcat compared

Meerkats compared. Simples?

Meerkcat compared

The meerkats advert (you know the one) that sings deep – very deep – into your brain is a beauty. I just love the cute meerkat and his loveable accent.

Compare the meerkat….it’s simples.

As the advert itself notes – they do provide a limited comparison of products that are available in the market place.

However, the truth of the matter is (as always) much less simple, and in fact much more complex. Just like  Life itself.

The reality is that insurance products are complex products. They are very specific contracts that offer certain specific benefits when specific events take place.

A headline isn’t good enough, the detail is where the action happens.

Should you compare online?

Absolutely! Online comparisons are a great starting point. They can provide some good information about some of the range and price of products.

Having visited an online shop, finish the comparison job and see a qualified, professional financial meerkat!

Financial Planner vs Meerkat

Because Financial Planners have a duty of care to their clients. They will consider just how well the product fits, and how suitable and appropriate it is for you and your family.

Like their animal world counterparts, good financial planners stand sentry to warn their clients  of approaching dangers.

When it comes to real life needs you may want to sing the meerkat song and then visit a real financial meerkat. It really is that simples!


Protection and Reward

oneinfiveYou know in Australia, almost 20 per cent of people have a disability and this number is only increasing with an ageing population!

Total and Permanent Disability almost always means that you are dependent on another for assistance for many daily needs.

Being a Risk Specialist in this Financial Planning world you can only imagine some of the excuses I hear about Insurance. BUT when the unexpected happens it is too late to re consider protection. Have you ever thought about not having choice? Trying to survive on the Government’s Pension or Centrelink? Not likely.

While caring for a family member with a disability can be very rewarding, it’s also a huge responsibility and, in some cases, a full-time occupation. Where do the funds come from? Affordability is having the funds available for care. Money alone is not the answer either.

A Financial Adviser is the person to not only organise the risk protection for you and your family but also the person who knows where to direct you to the specialist people you need to put the otherwise confusion together. We make it simple to understand, even thought it is a little daunting.

As Aussies, we are reluctant to consider the thought of not being free of will and decision. The mind-set changes because we like to think that we are OK and nothing is going to change our enjoyable lifestyle for the worse.

If you are a parent of a disabled son or daughter or if you were fortunate and had an Insurance Cover Payout on disability then simply leaving money or the balance of your estate to a family member with an intellectual disability may not provide them with an adequate level of financial support. In fact, it could do more harm than good. It could disqualify them from access to important Government entitlements. Not only that, but if the money is accessible or they are easily influenced, it could be spent too quickly and ineffectively given their long term needs.

However, by engaging a specialist estate planner and a professional trustee company you can help prevent this from happening. A specialist estate planner can help you structure your estate appropriately and will consider the following issues:

• Control and protection of financial affairs (for example ensuring ongoing income and payment of bills)

• Healthcare (who makes the important medical decisions?)

• Housing and wellbeing decisions (who decides on day-to-day expenses?)

• Lifestyle maintenance (what are their routines, likes and dislikes, etc)

By appointing a professional trustee, they can make important financial or medical decisions on behalf of your relative with an intellectual disability, when you are no longer around.

While it’s the requirements of the intellectually disabled person that are of significant concern, it’s also important to consider the other family members’ needs, including brothers and sisters. Having a clear and effective plan means that when the inevitable does happen, you can be sure that all the important issues have been considered and subsequently addressed and that there are clear processes in place to ensure continuing care as well as financial stability.

So who will look after your loved one when you are no longer around? This includes not only their financial affairs, but their personal affairs such as care and rehabilitation as well. It also raises the question, ‘who becomes responsible for that person’?

Quality of Life

Having a plan in place and appointing a professional trustee not only protects the vulnerable person and provides for them throughout their lifetime, but gives you and your family certainty and peace of mind.

Don’t leave it to chance, or to your family to work out, ask us today how you can plan for the future needs of your family.

Financial Advice and Planning gives individuals so much more…………..proper help to plan a decent future and guidance through the maze of information. Complete access to a person that fully understands the intricacies of your personal life and details and that of your families. Good, sound planning trickles down to your siblings. The trust and personal relationships are formed with the entire family giving them the opportunity to become guided to independent structured lives.

Being disabled is not always physical as it includes those mentally disabled. Not being able to function normally. Not able to work. Organisations like beyondblue http://www.beyondblue.org.au/get-support/find-a-professional are there to assist.

Having support in time of need is a catalyst to recovery. Having the funds to support you require in time of need helps with the recovery process. Imagine not being able to work then your funds deplete after your sick leave and holidays have been paid out then there are no other monies coming into the household. None, zero not a cent. That is enough to make a healthy person sick.

Life is precious and the people around are precious although at times, not appreciated. Implementing some control mechanisms with a healthy goal orientated plan along with having a Will and Estate Planning might sound too hard. I can assure you with an empathetic, understanding, professional Financial Adviser that knows the risks is a good person to know and hold you in a quality of life.


Is he the Dad with Everything?

funeral[1]How valuable is your Father? Is he the Dad with Everything?

Do we really value life, father’s and male partners?

Emily cannot stand the thought of another Father’s Day looming this Sunday. She is still on medication from last year at this time and no one understands her anguish. Emily cannot cope and her parents are no help, neither is her GP or the Government. She is desperate for understanding and help.

They had no other funds to live on just the house to live in.

The police arrived at Emily’s front door about 4pm on the last day of school. Emily ahd just arrived home from collecting the 3 children from school. Oh no she cried out loud while turning pale and about to faint! Ron had been killed in an accident. Ron is the father of 3 beautiful girls and Emily’s husband of 10 years. They were best mates too.

Camping at Hall’s Gap were booked months ago for a family holiday in the September School Holidays. They were all so excited and looking forward to the trip, sleeping in tents, bush walking and getting wet in the water falls and spotting the Koalas and Kangaroos.

Ron was an easy going site supervisor – typical sort of bloke that worked hard, earning good income and lots of mates. He had his own business but then decided to sell and work as an employee. Ron and Emily upgraded their home with the sale funds but still had a mortgage. While Ron and Emily were organising their new Wills and Estate Ron was encouraged to see a Financial Planner take out more Life insurance and discuss other insurance protection but he thought it will be alright mate. I’m cool, the jobs easy. We never have any probs at work.

It was an unusually windy day and the men were going about their routine jobs when a huge gust of wind sent all the iron cladding flying. Ron called a meeting and the job was called off for the day as being too dangerous. Ron and the boys went to the local pub for an early lunch and a few drinks to wash it down while the conversation was all about the weekend. . Ron left around 3pm. He decided to call into the local Service Station and pick up some chocolates and lollies for the kids as a treat. As Ron entered the Station he heard a scream. The guy behind the counter was pale and took one look at Ron to try and warn him not to enter. It was too late. Ron was shot in the chest twice. Pronounced Dead by the Ambulance when they arrived at the scene after the Squads of Police had intervened.

You know Ron had some life insurance in his Superannuation but it was inadequate. He left a wife, 3 children, a mortgage. There was just enough to pay the mortgage out. Because Emily is not employed the Bank insisted on the funds to pay out the mortgage. All Ron had to do was take some advice and make a responsible decision to see the Financial Planner recommended.

If your Husband, Partner is a Father how about taking the time to get some advice on protecting him and you as a family – alternative Father’s Day Gift.

Father's Funeral







Celebrate Father’s Day – http://www.fathersdaycelebration.com/fathers-day-history.html



eye injury blindsides Amy

Amy Blind-sided

Go Amy Go

Woman blindsidedAmy loved keeping fit. She was on top of her world. Last week Amy was playing her favourite sport basketball and was knocked unconscious.

She was taken to the local hospital for examination and kept in hospital for 3 days. Her doctor was unsure of her slow recovery so other extensive tests were performed.

The diagnosis was not good. Amy, all of 25, a vibrant sales agent of 3 years had a tumour behind her eye.

Amy “Subbed-Off”

The operation was successful but Amy had to forego her sport for 1 year. She was unable to drive for 6 months. Her boss was very supportive and replaced her with a temp for the time Amy was off work.

Plan “B”

What would happen if you were unable to work? Where would you be without an income?

The ability to earn money is your most valuable asset so if your income stopped next Thursday, the last pay from your employer and the car payment was due on the following Monday plus the mobile phone bill. What would you do?

Amy’s best friend had a chat with her when she first began work about Income Protection because when she began work she had a car to pay off. Amy’s employer supplied her car and she did not have any vehicle debt at the time.  She never looked at her superannuation hence did not know if there was any insurance protection in her superannuation.

About 18 months before the accident Amy decided to buy her first new car as she needed a car of her own for weekends.

Amy was off work for the full 6 months as her employment depended on her driving.  She had no other income and felt terrible about depending on her parents for paying her bills and living expenses. Amy did have Medical Cover with Hospital extras but she nearly died at the extra costs.

The medical gap was around $2,500 plus the medications and therapy.

Support Staff pays

Amy’s parents were still working and had the funds to assist Amy at the time. If only……..

When Amy began her employment she had the opportunity to take out Income Protection at a very low cost.  $10 per week would seem cheap but Amy decided against the idea.

The price of loss

Amy had to sell her car because her parents could not afford her car repayments as well as the mobile, extra medical expenses and living costs on top.

It took Amy another two and a half years to repay her parents. That was just the out of pocket bills not the extra food and living expenses. Amy’s boss agreed to her using the business vehicle for personal use to save her from the inconvenience of public transport.

If Amy had moved out of home and was living in a flat with the rent to pay and the energy/water bills and living expenses what would be the outcome?

Everybody that is employed and depending on income needs income protection. Protection of lifestyle and assets at the very least.