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Save during the silly season

As you head off on holidays don’t forget to pack your finest financial habits along with your swimmers and sunscreen. Here are five ways to help prevent the silly season from ruining the great financial work you’ve done throughout the year.

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TED Talks: Toby Eccles – Invest in social change

Here’s a stat worth knowing – In the UK, 63% of men who finish short-term prison sentences are back inside within a year for another crime. Helping them stay outside involves job training, classes and therapy. And it would pay off handsomely – but the government cannot find the funds.

Toby Eccles shares an imaginative idea for how to change that: the Social Impact Bond. It’s an unusual bond that helps fund initiatives with a social goal through private money – with the government paying back the investors (with interest) if the initiatives work.

Toby has created a radical financial instrument that helps private investors contribute to solving thorny public problems.

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Changes to the Fair Work Act have started

In response to a review undertaken by the Federal Government last year, the Fair Work Amendment Act 2012 received Royal Assent on 4 December 2012.

Several of the changes came into effect on 1 January 2013, and although technical by nature will have an impact on how the system and your business operates.

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When should retirement planning begin?

While many of us are at the stage where it has become necessary to begin planning for retirement, we all know younger people who don’t quite realise how good they’ve got it. Time is one of the greatest luxuries an investor can enjoy.

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TED Talks: Brené Brown – The power of vulnerability

In a touching, funny talk, Brené Brown shares a deep insight from her research, one that sent her on a personal quest to know herself as well as to understand humanity.

Brené studies human connection – our ability to empathise, belong, love. She also studies vulnerability, courage, authenticity and shame.

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