Being across finances linked to happiness
“As the old English proverb goes, no-one is worse shod than the shoemaker’s wife. And the saying, which suggests that experts and their loved ones fail to benefit from their knowledge, appears to hold true on St Georges Terrace. A newly released White Paper by Advocate Private Wealth shows an alarming number of WA professionals, including company directors, managers and chief executives, pay scant
attention to personal finances.Less than a fifth of the 137 professionals surveyed for the research felt they were completely organised in all aspects of their financial life. The most neglected area was tax minimisation, management and planning, with only 13 per cent claiming to be completely on top of these matters.”
Extract from an article by Kim Macdonald, The West Australian, Monday, April 7 2014
