As many of you know, I work to be able to give back. Charity is my reason for getting up in the morning and doing what I do.

Starting C Foundation came about because I was tired of not being in control of who I could help and how I could do it. I decided that I would make enough money to be able to fund my own not-for-profit organisation.

Since starting my foundation, I have been able to help hundreds of thousands of people. I’ve worked at natural disasters, educated people on the truth about street and prescription drugs, helped build schools in impoverished communities and started up a youth seminar to teach kids things such as how to get motivated in life, how to make a career out of the things they love to do, how to make more friends with ease and more!

I’ve had people tell me that they wish that they could help others but they don’t have any money. Well, the good news is you don’t need money to help others. Charity is defined as – “generous actions or donations to aid the poor, ill, or helpless” (dictionary.com).

If you have no money but you do have time, how about volunteering your time to a charity? Without assistance from volunteers, most charities wouldn’t be able to do what they do. The Red Cross is the world’s largest voluntary organisation. Did you know that much of their work is carried out by volunteers?

I love what I do and I love helping others. If you ever want to donate your time or money, find a charity that hits home for you and do what you can to support them.

To find out more about my charity work, donate money or volunteer for CFoundation, please visit my website at www.cfoundation.org.au

Cheers,
Carly

Hi,

I can across quite a few interesting ‘facts’ recently. Really don’t know how many of them are true but I thought I’d share them with you – as I said they are quite interesting.

11% of people are left handed
August has the highest percentage of births
unless food is mixed with saliva you can’t taste it
the average person falls asleep in 7 minutes
a bear has 42 teeth
an ostrich’s eye is bigger than it’s brain
no two corn flakes look the same
lemons contain more sugar than strawberries
The tongue of a blue whale is as long as an elephant
Our eyes are always the same size from birth
lightning strikes the earth 100 times every second
Madonna worked at Dunkin’ Donuts
Julia Roberts worked in an ice cream parlor
Queen Latifah worked at Burger King
There’s hope for all of us
In 1750 there were about 800 million people in the world. In 1850 there were a billion more, and by 1950, another billion. Then it took just 50 years to double to 6 billion
In 1870, there were more Irish living in London than in Dublin
Almost 1,2 billion people are underfed – the same number of people that are overweight to the point of obesity.
The first product to have a bar code was Wrigley’s gum.
The lowest annual rainfall occurs at Lake Eyre in South Australia, with an annual mean precipitation of about 100mm.
The highest annual rainfall occurs at Tully in Queensland, with an annual mean precipitation of 4400mm.
The first owner of the Marlboro Company died of lung cancer.
The world’s tallest man ever recorded in the history of mankind - Robert Wadlow, was born in Alton, Illinois, in 1918, and was 6 feet tall by the time he was even eight years old.
Mosquito repellents don’t repel. They hide you. The spray blocks the mosquito’s sensors so they don’t know you’re there.
No piece of paper can be folded in half more than 7 times.
The three most valuable brand names on earth: Marlboro, Coca-Cola, and Budweiser, in that order.
Donkeys kill more people annually than plane crashes.

Well there you have it – some useless information that you can share with people when stuck for conversation at least:)

Cheers
Carly

G’Day,

Yza Canja is back with some finance answers for you. Remember to email questions@cmoney if you wish to submit a question.

Q.2 What percentage of my income would the bank want to be towards a home loan that I could sustain in their eyes?
A.2 There is no set percentage that a bank looks at with regards to how much of your income goes to your home loan. Different banks look and assess your capacity to make repayments in many different ways, this is made up by an overall consideration of what you earn and ALL your regular outgoings (any existing debts) plus living expenses. Though in general, the old rule of thumb was that no more than 1/3 of your income should go towards your housing costs, but in this day and age of multiple investment opportunity, and multiple debt opportunities, the rules have been changed to consider a more holistic scenario of your cash flow, and added on to that different lenders have different views of how this would work. Its best that you review where your financial situation sits at the moment and you may be able to maximise your borrowing capacity.

Q2. As a property investor, I have many different company trusts (say 10)
holding at lease 20 properties. At this point, if I am to seek more finance
to buy more properties in a new trust (to be created), do I need to provide
you with all the paper work for each of my trusts?

If so, why do they need these information since there is no relationship
with the newly created trust?

A2. The quick answer to this is Yes, as your
finance strategist it is best that you provide us with all information on
all the trusts that you are involved in. We then go through your
information and determine what information is necessary to provide to the
different lenders, and which information does not need to be shown. To give
you a thorough strategy we need to understand your OVERALL finance position.
This way we can act as a filter between yourself and the lenders and you
need not supply the lenders with information that is not relevant or
necessary.

Different lenders have different requirements, not all lenders require all
the information about your separate trusts, but some do, so it is best that
we map out the strategy first and this includes determining which lenders we
go to, at what time and for what purpose. This all depends on what the
lender’s criteria is and what the new purpose of the loan is (i.e. a
refinance, new property purchase, new development). In this market the
lending criteria is constantly changing so it is best that you get as much
information about the lenders requirements before considering a loan
application with them.

The balance and the key to a successful finance application is by providing
the lender all of their required documents, but also knowing what
information is not required. The only way to successfully do this is by
working closely with your finance strategist to understand the different
lender requirements before you even approach a lender. This is another
reason why we recommend that you work with a broker rather going directly to
a bank.

Cheers
Carly