To become financially independent, create multiple streams of income. So why do you create multiple streams of income? Because it is cash flow that allows you to spend, save, and invest. Many investors simply miss the point if they over borrow to invest in something like property and shares, and then cross their fingers hoping[…]
I see it daily. Happy retirees living life with purpose and meaning. Less than happy retirees feeling a bit lost and bored. Studies consistently show, and my experience proves, that retirees who seem the happiest and healthiest are those that are regularly engaged in activities that inspire them and give them a reason to get[…]
The ‘sandwich generation’ is a term used to describe the current reality for those who find themselves caring for their children, grandchildren and their parents at the same time. One slice of the sandwich is the grown-up kids who have supposedly left home. Young adults now live in a very different world to that of[…]
People who invest in cash and fixed interest investments for long-term periods effectively loan their money to someone else (e.g. a bank) so that they can use it to make long-term profits from their customers. Others who choose to invest in shares or property become owners of income-producing assets and share in those long-term profits.[…]
When investing in shares there are two ways in which we make a return. Firstly, we make income or a yield from dividends. Secondly, if the capital value of a share goes up and we sell for a greater price than our cost, we make a capital growth. Unfortunately, most investors, and many commentators focus[…]
If you live to a great age, will you still be living in your current home? For many Australians, the family home is their largest asset. You may have worked a lifetime to build the value you have in your home, and in turn it has a lifetime of memories for you. Selling it as[…]
Australians lost more money to scammers in 2017 than in any other year since the Australian Competition and Consumer Commission (ACCC) began reporting on scam activity. It’s a sad truth that there are still far too many people who lose their hard earned money to either dubious financial strategies, or financial scams and confidence tricksters.[…]
Even though most people are able to choose their super fund, the vast majority of employees have not exercised choice and have remained with their employers default fund, and have stayed with their current super funds default investment option. It is this second point which worries me. Choosing the right investment option within your super[…]
I met with George and Hannah today. They are in their late 50’s and looking to retire. George’s employer super fund is invested in the funds more aggressive Growth option. They were concerned that they may not have enough money to retire on comfortably, and at the same time concerned about continuing to take what[…]
Three decades ago I started talking to people about their financial plans and goals. Broadly speaking, when it comes to matters financial, there are two distinct groups of people – those who are comfortable with money, and achieve their financial goals, and those who always seem to struggle financially. I am not making a distinction[…]