Hugh Barter News

The ability to manage money competently is especially valuable quality in the conditions of financial crisis, when the purchasing power of the population is shrinking, inflation is rising, and currency exchange rates are completely unpredictable. Below are the common mistakes related to money affairs along with financial planning advice to help manage your own finances properly.

  • Hugh Barter, a talented Australian racer, has carved out a remarkable position in Formula 4 (F4) history. With 18 wins, 11 poles, and 35 podiums in 62 races, Barter's exceptional performance has earned him the 6th spot on the all-time F4 wins list.


    Starting his journey in the French F4 championship, Barter showcased his skill and consistency, finishing as the runner-up in his rookie season.


    He further solidified his reputation with 10 wins in his second year, despite facing challenges and setbacks. Competing simultaneously in the Spanish F4, he secured an additional six wins, demonstrating his adaptability and determination. Barter's achievements highlight his exceptional talent and promise for a bright future in motorsport.

  • The 20th Rotax Max Challenge Grand Final (RMCGF) in Sarno, Italy was held from 19th - 26th October 2019. RMCGF was one of the most prestigious and biggest race events in the world, and Hugh was qualified as an Australian representative in Junior Rotax Max class.

The budget is the most basic thing in financial planning. It is therefore especially important to be careful when compiling the budget. To start you have to draw up your own budget for the next month and only after it you may make a yearly budget.


As the basis takes your monthly income, subtract from it such regular expenses as the cost of housing, transportation, and then select 20-30% on savings or mortgage loan payment.

The rest can be spent on living: restaurants, entertainment, etc. If you are afraid of spending too much, limit yourself in weekly expenses by having a certain amount of ready cash.


"When people borrow, they think that they should return it as soon as possible," said Sofia Bera, a certified financial planner and founder of Gen Y Planning company. And at its repayment spend all that earn. But it's not quite rationally ".


If you don't have money on a rainy day, in case of an emergency (e.g. emergency of car repairs) you have to pay by credit card or get into new debts. Keep on account of at least $1000 in case of unexpected expenses. And gradually increase the "airbag" to an amount equal to your income for up to three-six months.


"Usually when people plan to invest, they only think about profit and they don't think that loss's possible", says Harold Evensky, the President of the financial management company Evensky & Katz. He said that sometimes people do not do basic mathematical calculations.

For example, forgetting that if in one year they lost 50%, and the following year they received 50% of the profits, they did not return to the starting point, and lost 25% savings. Therefore, think about the consequences. Get ready to any options. And of course, it would be wiser to invest in several different investment objects.