We are so proud at Anne Street Partners of our association with such a wonderful charity who help so many children and young adults in Australia today and across the world.

Perhaps you have heard of the Duke of Edinburgh Award in passing—you know it has something to do with education and children—but what does this award actually do to benefit the children of Australia?

Well, first, let’s look at the Duke of Ed’s goals. This award aims to empower young people in Australia to pursue their dreams through curriculum and programs designed along with each participant.

This puts them on the right track to achieve incredible things further down the road in their lives.

One such opportunity for Duke of Ed participants is a Residential Project that involves traveling someplace new in the world and helping with a community improvement project there. This could involve construction, farming, or other similar activities, but it definitely means an improved sense of self and achievement for all involved!

Another promising aspect of the Duke of Edinburgh Award is the Adventurous Journey (known as the ‘AJ’) which allows participants to bond with their mates—both old and new—while experiencing a new place. Along the way they will learn problem solving skills, perseverance, and gain a cooperative spirit.

However, these things don’t come simply; it will take guts and determination to make it through the AJ. Participants may even surprise themselves at what they can achieve when working together with their mates!

Further, and perhaps most importantly, participants will come back from the AJ with a whole set of new stories, experiences, and a determined spirit that will help them tackle any challenges that come their way for the rest of their lives.

Through the experiences of team work and leadership, the Duke of Ed is such a valuable enrichment program for young people to be a part of.

With Christmas approaching we ask you to please visit their website and find out more about what they do and if you can, please donate to support this fantastic charity – http://www.dukeofed.com.au

 

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When you hit retirement, it can become more difficult to find a consistent income beyond your pension.

While a pension is a fine source of income, there are better ways for seniors to supplement their income, and you don’t even have to expend much effort at all!

Seniors are increasingly turning toward property management as a method for increasing their income after they have retired. Owning and managing property is a relatively low-effort, low-impact way to keep your income up, and it can serve as a very effective investment for anyone willing to make the initial purchase.

Paying for the property itself is a bit of an initial cost, yes, but prices on property are actually relatively low right now, so you can make more money on property if you get into the field soon.

From that point on, it becomes a very easy process of earning money from your property. Whether you invest in an apartment building or a house, you can rent it out to tenants.

As the landlord, you will be able to select tenants that will reliably pay their rent and keep their living area clean.

With a small regular effort in maintaining the property, you generally make back your money and plenty more via your tenant’s rent payments. What does this mean for you? It means plenty of supplemental income for you with minimal effort that will continue for as long as you care to maintain the property. Then, as a final source of income, you can sell off the property when you no longer have time to work on it.

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With the holiday season rapidly approaching, it is getting down to the wire on gift-buying time. With so little time and so many people to buy gifts for, it can get difficult to keep track of your spending. However, with a few simple tricks, you can keep within your budget while still giving everything just what they want.

First, you have to determine exactly how much money you are willing to spend on Christmas gifts. This can vary from person to person, and will also likely vary depending upon how many people you plan to buy gifts for. When you have a hard limit on your spending, it can be very easy to keep yourself under the limit.

Simply take the limit you set for yourself and divide it by the number of people you need to buy gifts for. If you keep the total cost of the gifts you buy for each person under that per person limit, you will not go over your overall limit, thus achieving your goal.

However, how can you best track your purchases? Well, that’s where tracking methods have to come in. Either you can use one of many purchase tracking apps on your smartphone or you can use good old pen and paper. Either write down or record each purchase you make, keeping a running total of your spending. If you do this for each person, you will stay happily within budget, and your loved ones’ gifts will all be accounted for!

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Taking the leap and starting your own business can be daunting. The lack of security and the unknown can be intimidating, especially if you have never done it before.

However, the benefits of going solo are truly worth the effort. Many Australians are deciding to forge their own path and create their own business.

There are many important areas to consider when starting a new business:

  • Are you registered as a sole trader or limited company?
  • Do you have insurance in place?
  • Will you be working from home or an office?
  • Do you have enough finance in place for wages, superannuation and overheads?
  • Do you have a suitable business plan?
  • How are you organising your expenses?
  • Do you have a financial plan?
  • How will you complete your tax returns?

 

Our team at Anne Street Partners can help you organise your finances to help you acheive your objectives on budget. We can help you with a financial plan, tax returns as well as a budget planner.

Call us on 135 444 to kick start your financial freedom!

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