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Monday 9am - 5pm Tuesday 9am - 8pm Wednesday 9am - 5pm Thursday 9am - 8pm Friday 9am - 4:30pm

http://www.gurneyfinancialservices.com.au/

Gurney Financial Services, 24 Nangar Street, Woongarrah (2026)

25/10/2026

Difference between Retail and Industry Funds

Please note – this is general advice for your consideration.

Advantages of Retail Super Funds

• More investment choices than industry funds
• Easy for employers to contribute due to government changes.
• Half yearly reporting
• Online access
• Fees are comparative with industry funds.
• Retail super funds have performed well in recent years, passing on all the returns, not withholding monies from returns for trustees.
• Daily unit prices and valuations. Purchasing units at varying unit prices. Industry fund valuations are calculated and paid annually.
• The retail/employer super funds offer auto acceptance of insurance.
• Additional specialised insurance options through super
• Accepts rollovers, employer contributions, personal contributions, salary sacrifice contributions, spouse contributions.

Disadvantages to consider and Associated Risks

• Nil other than an Adviser Service Fee

Advantages of Industry Based Super Funds

• The funds are established for employees in a particular industry or industry sector.
• Being not for profit organizations they may have lower administration fees; but overall are in comparison with retails fund fees. However, they are now increasing their administration and membership fees as well as the investment/management costs.
• Industry based super funds have performed well in recent years and have featured prominently in performance tables for super funds in the past five years.
• The funds offer auto acceptance of insurance.

Disadvantages to consider and Associated Risks

• Indirect property and other unlisted assets may feature in the asset allocation for some industry based super funds and in some cases the level of holdings exceed those in the overall superannuation sector.
• IMPORTANT: Your industry-based fund may have significant exposure into unlisted assets which may not have recently been re-valued fully to take account of market values or conditions. Based on the performance of property and some unlisted assets, there is potential for these unlisted assets within some industry-based funds to have lost value that is not yet fully reflected in your portfolio. Therefore, there is potential that your portfolio may suffer a decline in the underlying unit prices, and/or restrictions on the liquidity of your portfolio, if valuations are not fully up to date.
• May have an unrealised exposure to overseas investments.
• In some cases, the level of insurance cover offered in industry-based funds can be basic compared to alternatives therefore limiting the scope and level of cover available to the insured.
• Insurance rates are all classed as smoker rates, and premiums higher for insurances due to recent group insurance claims.
• Industry based super funds offer limited investment choices to its investors.
• Returns are calculated and paid annually as of 30th June each year.
• Reporting September/October each year
• They hold back extra returns to cover for years of lower returns.
• Performances listed – may not have taxation, investment fees, administration charges, and trustee fees taken out of them.

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24/10/2026

Maintenance of sound health

Follow work with play, mental effort with physical, eating with fasting, seriousness with humour, and you will be on the road to sound health and happiness.

Don’t try to cure a headache, it’s better to cure the thing that caused it.

Whatever you possess, material, mental or spiritual, you must use it or lose it.

You are a mind with a body! Since your brain controls your body, know that sound physical health is dependent.

Upon a positive mental attitude. Establish sound, well-balanced health habits in work, play, rest, nourishments and study, and develop and maintain positive

Thought habits. Remember, what your mid focusses upon, your mind brings into existence.

If you think you’re sick, you are

-Napoleon Hill-

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23/10/2026

Setting your financial Goals.

Financial goals are different for each investor. Whether you are preparing for retirement or just entering the workforce., your financial adviser is there to help you determine your goals and secure the future you want for you and those close to you.

Lifestyle goals

education and career goals

Bequests and donations

Financial independence

Peace of mind

Certainty of income

Cash for emergencies

Maintain purchasing power

Grow your wealth

Establishing clear goals is a critical step in determining the right investments to help your build your wealth and achieve your desired outline, while managing the various risks and pitfalls along the way.

Thanks to the growth and innovation that has taken place int he financial services industry over the past decade, along with new developments in financial technology, investors now have access to a wide range of investment product’s snd solutions that give them more control over their financial destiny

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22/10/2026

Refinancing

Before embarking on this route, you should be clear about what you hope to achieve by refinancing as it may involve the time-consuming task of shopping for finance and the nerve-racking ordeal of interviews.

The most common reasons for refinancing are to:
1. Upgrade Your Home.
2. Reducing Total Interest Costs.
3. Reducing Monthly Repayments.
4. Tapping Into Home Equity.

Home Upgrade: Upgrading your home provides the ideal opportunity for refinancing as in most situations you are upgrading to a more expensive property and borrowing to cover the shortfall.
** If you currently have a fixed loan and are upgrading your home, it is an ideal opportunity to switch to a new fixed lower rate or a variable loan.

Reducing Total Interest Costs: If interest rates have fallen since you first obtained your home loan, consider refinancing your fixed rate loan to take advantage of the new low rates. You could also reduce interest costs by refinancing regardless of if loan rates fall, by having a shorter term even though your monthly repayments may be higher.
** Refinancing would reduce your total interest bill and reduce your monthly repayments.
** Make extra payments whenever you can to reduce your mortgage debt and save interest.

Reducing Monthly Repayments: You can refinance your loan to reduce your monthly repayments by extending the repayment period. For example, if you have already paid off five years on an existing mortgage, refinancing a new loan on a 30year period will reduce your monthly repayments.
** By switching to a variable interest rate, if you have an existing fixed rate mortgage, it is possible to reduce your monthly interest payments.

However, if the interest rates rise again, your monthly repayments will also increase.

Tapping into Home Equity: For many people, their home is their biggest asset and source of savings. The improved value of your property and the amount you have paid off on your mortgage can be put to work for you, to borrow money. You can refinance with a new mortgage that is larger than your remaining balance or obtain a home equity loan.
** Consider negotiating with your current lender. They may be willing to offer concessions on costs, etc. to retain you as a customer.

Credit card interest rates are generally higher than mortgage rates so you may save money by paying off your cards.
**If you have other debts such as credit cards and other loans, it may be cheaper to incorporate these into your mortgage

The Cost of Refinancing: The time it takes to recover the costs of refinancing should be short enough to make it worthwhile. If you think you will only be in that house for three to five years and it will take you five years to cover the costs of refinancing, then it is not advisable to refinance.
** Make sure you fully understand the fees that you will pay both going into and getting out of the loan.

The cost of refinancing can be considerable, particularly if you are exiting a fixed term loan. You may incur costs for ending your current loan and costs for starting a new loan such as:

• Break costs - terminating a fixed loan (thousands of dollars).
• Early termination charges - ending a variable rate loan.
• Mortgage discharge fee - an administrative cost.
• Mortgage stamp duty - on your new loan (varies from state to state).
• Valuation fees - to establish value of property to be refinanced.
• Lender’s Mortgage insurance - if you are borrowing more than 80% of the value of the property.
• Ongoing fee - monthly cost for having the loan.
• Establishment or Loan Application fee - cost for applying for a loan.

** Keep accurate records of all repayments and check your lenders’ statements regularly for errors.
** Allow for an extra 1 or 2 percentage points when budgeting for repayment. Interest rates have a habit of changing.

Finally:
** Don’t compare loans based on interest rate alone. This will not tell you exactly how much you will save on your total interest repayment compared with your current loan. You should also compare refinancing with getting a second mortgage, an equity line of credit or not refinancing at all.

We will be more than happy to refer you to a mortgage broker!

The advice contained herein does not consider any person’s particular objectives, needs or financial situation. Before deciding regarding the acquisition or disposal of a Financial Product persons should assess whether the advice is appropriate to their objectives, needs or financial situation. People may wish to make this assessment themselves or seek the help of an adviser. No responsibility is taken for people acting on the information provided. Persons doing so, do so at their own risk. Before acquiring a financial product, a person should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before deciding about whether to acquire the product.

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21/10/2026

Marketing investment values

Life on Earth – Healthy Oceans, Humane treatment of animals, Terrestrial biodiversity.

Climate Action – Disaster readiness and effective aid, reduced greenhouse gas emissions, renewable energy growth.

Gender Equality – Equal pay and opportunity, LGBTQI + and equality, No violence again women.

Health and Well-Being – access to affordable healthcare, child and maternal health, disease eradication, improve mental health, reduce use of to***co.

Inclusive Economies – affordable safe housing, decent safe work opportunities, fair labour practices, no poverty, reduced inequality, zero hunger.

Innovation – Free, secure flow of information, technology innovation.

Peace and Justice – Accountable institutions racial justice and civil rights, reduced availability of weapons, safety from violence conflict.

Quality Education – Arts and culture access, quality lifelong education, quality primary education.

Sustainable resource Use – Conflict-free mineral production, reduce waste, sustainable use of resources.

Water and Sanitation – Clean water access, sanitation access, sustainable use of water.

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20/10/2026

Accurate thinking
Accurate thought involv
es two fundamentals.
First, you must separate facts from mere information.
Second, you must separate facts into two classes- The important and the unimportant.
Only by so doing can you think clearly an accurately.
Accurate thinkers permit no one to do their thinking for them.
Gather information and listen to the opinions
Of others, but reserve for yourself the privilege of making decisions.

Truth will be truth, regardless of a closed mind, Ignorance or the refusal to believe.
-Napoleon Hill-

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19/10/2026

Portfolio Construction – The lessons we learnt for the GFS

• Need to look at long term
• What is your perception of risk?
• What is the client’s perception of risk?
• Understand the risks of SAA and TAA strategies
• Risk profiling needs to be looked at to ensure the client’s understand their risks
• Educate clients of the markets
• Educate the clients on the different risks, classes and volatility
• The average balance option clients have 60% of equities (risk)
• Are the options flawed or adviser picking options
• People are over pessimistic now. They need to relax and leave till retirement
• People will be ok over time and education
• What is a balanced outcome?
• Weighing up preferences and decisions in investing
• Accumulators – need to grow their wealth – long term, higher risk strategies
• What are the goals for retirement – because that’s what we need to save for
• Never can get rid of all the risk
• Understand the objectives of the client’s
• Understand the client and their risk
• Financial modelling- look at what the client’s earn, spend, events in their lives, lifestyles, and what is at the end
• Look at the right expectations
• Start at the end and work backwards.
• Smart tax planning can be added in
• Smart insurances to protect them and their wealth
• Start savings earlier into super, even if $10 a week.
• Revisit your strategic asset allocation
• Diversify your strategies.

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18/10/2026

Your Financial Plan is only as good as its cover

Most people agree that they are organised and have their family’s budget up to date. However, the process they use is generally simple and down-to-earth – it is unlikely to of a long-term financial solution.

What does financial planning look at -
• The best method to create wealth over the long term – for you and your family – is to look at different aspects. These include budgeting, superannuation, insurance and investments.
• To avoid confusion, we recommend the right place to start is with a licensed financial adviser.
• Your financial adviser can implement strategies for you and your family. These will create, protect and build a succession plan of the wealth. They are the building blocks of a plan that stands the test of time.

Why have wealth protection strategies?

Financial planning is more than just about saving money. It is also about managing future risks.

The common belief “It won’t happen to me” results in many people having a south plan for wealth creation – but not an adequate plan to protect the very things that generates the wealth – themselves!

It is worth remembering that no matter how much expert advice you receive or how astute the money management – your financial plan cannot prevent the risk of you suffering early death or extended time off work through serious illness or injury. In addition, where that leaves you and your loved ones in the future depends on the wealth protection strategy you have in place at the time.

At Gurney Financial Services, we believe that you should protect your wealth whether you are starting a new job next week or moving into a new family home next year. The underlying fundamentals are the same – protection plays the pivotal role between the creation and succession of your wealth.

Creation Of Wealth – is about making your money grow and keep your plan up-to-date. To make sure the pieces are skilfully put into place for your family, it is a good idea to link up with a professional financial adviser.

Your adviser will work with you to:
• Identify what type of lifestyle you want and when you want to achieve financial independence.
• Make a saving commitment the will help you reach your goals, yet is affordable enough to maintain your lifestyle.
• Develop a strategy to build your retirement nest egg.

• Create a portfolio of investments that reflects the risk level and potential returns you desire.
• Seek opportunities that are tax effective.
• Review your plan regularly. Updated annually or when your circumstances change. This way you will always be able to take advantage of your family’s changing situation and goals, as well as differing economic or legislative environments, and new products or services

Protection of Wealth is about protection you assets and making your financial plan secure for you and your family in the long term.

Your financial adviser should look at the whole picture – your needs, wants, and desires – to ensure your treasured plan is covered by a sound insurance strategy that:
• Protects you, your family or your business against a range of uncertainties.
• Supports you and your loved ones in the event of disability, illness or premature death, so that:
• Your mortgage or debts can be paid out
• Lost income is replaced
• Capital is available to continue funding your investments
• An income stream is provided so that your lifestyle, and your family’s, can be maintained.

Succession of Wealth is about picturing what is important, realising your goals and properly managing your future, as well as your families.

Your financial adviser will help you decide on the best way to structure your financial plan, to enable you and your family to:
• Control your accumulated wealth.
• Maximise income during your retirement years.
• Implement estate planning and business succession strategies.
• Provide efficient, tax-effective transfer of assets.
• Reinforce your family’s sense of security and certainty.
• So what level of cover do you need?
• Use this simple guide to weigh up how much life insurance you might need to adequately protect your wealth.

Naturally, it is best to discuss this fully with your financial adviser to get a professionally balanced assessment of your coverage requirement. As a basic guide, you need to take into account the rising cost of living and other miscellaneous expenses, which you may incur.

What are the risks? Is your financial position, enough for you to be able to stop working tomorrow? While most people are not in a position of such luxury, the death or disability of a breadwinner could have you pondering this very question.
If your income stops, it can have devastating results for your financial plan and can jeopardise your family’s future financial security.

The unfortunate aspect of death or disability is that it can happen at any time and has more far-reaching consequences than just the person involved has.

Finding the right cover

Your financial plan will be created especially for you and your family – to keep it working over time; you need a cover that fits perfectly.

To unlock the right combination of insurance products on offer, you should ask your financial adviser to explain their benefits, pricing and reliability…..and then consider the insurance provider’s reputation.

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17/10/2026

Pleasing personality

A pleasing personality is the aggregate of all the agreeable.

Gratifying and likable qualities of any one individual.

Believe in yourself- first and foremost!

What you believe yourself to be, you are.

The attitudes you transmit to others will tell more about Yourself than the words you say or how you look.

Enthusiasm comes from within.

It is a PMA characteristic.

You can generate enthusiasm by your thoughts,

Feelings and emotion.

It is essential that you develop a pleasing personality – Pleasing to yourself and others.
-Napoleon Hill-

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16/10/2026

Debunking Social Security and insurance
The existence of a sound social security system does not mean the government can or will meet the financial needs of people after an accident, illness, or death. Yet it is not surprising to hear that many people out there believe this is the case. Many Australians may be un-insured or under insured.
One of the advantages of living in a first world, developed nation is that we have universal health care and a social security system that provides basic levels of care for all Australians.

Yet, sadly, there is a persistent belief the social security system extends to providing financial support in the event of long-term illness, accident, or death.

Debunking the myth of the social security lifeline can go some way to helping you understand why being uninsured, or under-insured could leave you, and your family, in severe financial difficulty.

The tragedy of this belief is that people may not plan for the unexpected, nor put in place debt redemption strategies, and they do not allow for liquidity in their estate or investment planning if something tragic happens to them.

The following is a list, broken down in categories, of the things the government or social security will not do for people, their families, or businesses:

Medical Expenses
• Pay for special medications or treatment.
• Pay extra money for health emergencies.
• Pay a lump sum for a defined event or illness.
• Cover all a person’s last illness or final death expenses such as funerals, medical expenses, or hospital occupancy.

Family Debt
• Pay off a mortgage to ensure the family has a home.
• Pay off credit card or store debts.
• Pay extra income to a widow.
• Pay extra money for children’s education or health needs.
• Provide and pay for children’s education expenses.
• Pay local government, water, gas or electricity rates and costs.

Business Debt
• Payout business partners
• Redeem business debt.
• Extinguish overdrafts on draw down facilities.
• Extinguish debts on death.
• Extinguish debts in the case of long-term disability.

It is important to remember the social security system will not deal with these issues and even where it does supply financial support it will fall short of a properly constructed protection plan, which can do all the above when purchased, completed, and owned properly.

This list paints a grim picture of what will not happen if you fail to take up adequate insurance cover, but a financial adviser can assist in working out what is required.

Why You should have life insurance because you:
…have debts like a mortgage, credit cards or personal loans secured against assets to third parties.
…have dependants where expenses and debts can be quite large over a number of years. These costs include everyday living expenses and future promises of education or a start in life.
…are healthy and now is the best time to get non-cancellable contracts for full cover at standard rates. Waiting till later could mean exclusions, loadings, or outright refusal because of health issues.
…are the homemaker, especially if you have children. It costs a lot more than the average weekly wage to employ someone to do the all the work and running around you do out of love.
…are in a relationship and both in paid work. If you need two incomes to support your debt and lifestyle you need to cover that capital cost.
…have children from a previous relationship. Blended families and extra responsibilities create a greater need for protection for those whom you love who may no longer reside with you.
…have aged parents or dependant relatives. Caring for those older or not as fortunate is a big responsibility that takes love, time, and money, especially if you are not around.
…have financial responsibilities that need to be taken care of such as burial costs, private loans, income tax, rates, or credit card debts.
…are in a business partnership that has debt, liquidity, or equity positions to fulfil should death, disability or long-term injury occur for any of the partners.
…have a favourite charity, club, or cause you want to continue supporting. Many people can create immortality for themselves and longevity for their passion in life by gifting pre-ordained funds after they pass away.
…want to make bequests and final gifts to loved ones. A cash fund can be created to give loved, respected, loyal, and lifelong friends a simple thank you after you have passed on.
…want to inject liquidity into your estate for succession equality. Some estates are high in non-cashable assets like farms, land, businesses, and trusts. Life cover provides an excellent method of liquidity injection.

Serious accidents and unexpected health problems happen every day. No one is bullet proof but that does not mean the public purse will come to the rescue in a time of need.

Putting the right amount of money in the right hands in the quickest time is an economic responsibility, and no debt should last longer than the person who created it.

If you would like to review your current insurances, or receive a free quote for insurance, please contact our office. We would love to assist you in protecting you, your family, lifestyle, and income.

Need to speak to someone?
Need an accountant, solicitor, or mortgage broker?? Call us for a complimentary introduction.

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Gurney Financial Services

25/10/2026

24/10/2026

23/10/2026

22/10/2026

21/10/2026

20/10/2026

19/10/2026

18/10/2026

17/10/2026

16/10/2026

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