Ask Leon is where I answer your financial planning and money questions.
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Phil, a 31-year-old IT sales and development manager says “life would be impossible” on anything less than his $300,000 annual income. Earning more than three times the national average, it’s hard to feel sorry for Phil … but his story is more common than you might think.read more
The road to owning your own home used to be a relatively straightforward one. However with recent changes to the way banks assess a borrower’s ability to service home loan repayments, your borrowing capacity may have dropped by up to 40%.read more
How can you go from earning $150 million in 15 years, to being millions of dollars in debt? Quite easily it seems if you’re American actor Nicolas Cage, whose extravagant lifestyle and eccentric investments left his finances looking more like a horror story than a heroic Hollywood adventure.read more
It’s that time of year again when everyone and their accountant start suggesting the best ways to supersize your tax return. Did you know, for instance, that extra payments towards your retirement nest egg can actually help send more cash your way now?read more
I was recently interviewed by Garth Russell on 1233 ABC Radio Newcastle about my thoughts on housing affordability in Australia.read more
I recently had an experience with the private health system that left me thousands of dollars out of pocket. It got me thinking … is private health insurance worth it?read more
A new report from the Grattan Institute has highlighted how rapidly rising house prices have created a housing affordability headache that is playing havoc with the financial futures of many Australians.read more
A few years ago I made the decision to pay someone to mow my lawn. To be honest, I never enjoyed doing it myself but as our family started to grow (from one child, then two, followed by a third) I had less and less time to spend.read more
Fear of missing out (FOMO) can also be a fear of regret or missed opportunity – a fact I’ve been reminded of this summer with the continued rise of Bitcoin and other cryptocurrencies.read more
The Federal Government will be opening the vault on banking practices across the country as part of a Royal Commission into the sector announced by Prime Minister Malcolm Turnbull last month.read more