Blogs List

Why my kids won’t get an inheritance

June 24, 2022

Why my kids won’t get an inheritance

Does this sound like a controversial topic? Most likely. But we are not here to convince you whether or not you should leave your kids an inheritance, we just want to raise some points. It is ...

Having a healthy diet doesn’t guarantee a long and healthy life

June 21, 2022

Having a healthy diet doesn’t guarantee a long and healthy life

A client called us recently, asking us to guarantee that he wouldn’t run out of money in retirement. He also wanted to ensure that he could do everything he wanted during his retirement; travel being ...

Listener Question: Investing Money Outside of Superannuation

June 17, 2022

Listener Question: Investing Money Outside of Superannuation

Today’s listener question relates to investing money outside of superannuation. Thanks to Leonie for raising the question, as well as providing positive feedback on the podcast – glad you’re enjoying ...

The best way to avoid panicking in a downturn is to not panic

June 14, 2022

The best way to avoid panicking in a downturn is to not panic

In our modern world, it is more and more common to talk about our emotions. Largely, this is a good thing. But there is also a danger that these emotions will get out of control if we talk about and ...

McDonalds 75-cent ice cream cones going to cost more in the future

June 10, 2022

McDonalds 75-cent ice cream cones going to cost more in the future

As any good parent would do, last week Dallas bribed his almost-three-year-old with a McDonalds ice cream cone, in exchange for good behaviour at grandma’s house. When he ordered the two 60-cent ...

$100k Isn’t Much Anymore Going By Present Day Financial Dynamics

June 07, 2022

$100k Isn’t Much Anymore Going By Present Day Financial Dynamics

No, we don’t mean $100,000 is a small amount of money. Far from it! But more and more, we hear people talk about it as an insignificant amount when they are thinking about buying a new car or doing ...

A Good Financial Planning Business is Like a Think Tank

June 03, 2022

A Good Financial Planning Business is Like a Think Tank

Recently, we got thinking about all the different legislation that affects us as well as our clients. Legislation such as the Tax Act is essentially just thousands of pages of words. We think that ...

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FAQ – What if I Don't Agree With What the Adviser Says?

May 12, 2022

FAQ – What if I Don't Agree With What the Adviser Says?

First of all, thank you to all our listeners far and wide! Our audience is growing each week, with new international listeners joining in. Please write to us and tell us where you’re from, we’d love ...

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Your Bank Doesn’t Care About You and That’s Okay

March 31, 2022

Your Bank Doesn’t Care About You and That’s Okay

We recently did a podcast called  No-one’s Coming in which we discussed the fact that everyone is responsible for their own retirement planning. It’s not their employer’s job or the government’s job ...

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The 1% Extras in Saving for Your Retirement

March 29, 2022

The 1% Extras in Saving for Your Retirement

You don’t need to make drastic changes in order to get big results in the future. But people often think they do, and so they change nothing, instead – resulting in zero gain. Today we’ll look at the ...

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Test Drive Your Retirement

March 24, 2022

Test Drive Your Retirement

When people buy a car, they usually spend time considering their decision. They don’t just go and buy the first one they see. Instead, they think about their family’s needs and wants and what purpose ...

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Listener Questions: Life and TPD Insurance Inside Superannuation

March 22, 2022

Listener Questions: Life and TPD Insurance Inside Superannuation

Our listener question today comes from Collette, who would like to know more about the benefits and limitations of Life and TPD Insurance that is included in some super funds. 

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How to Convince Your Spouse to See a Financial Adviser?

March 17, 2022

How to Convince Your Spouse to See a Financial Adviser?

​A while ago we had got some feedback from a listener who said she is loving the podcast (thank you!) and is now listening to all the episodes starting from the very first one. She is also keen to ...

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Do You Have a Financial Adviser or a Portfolio Manager?

March 15, 2022

Do You Have a Financial Adviser or a Portfolio Manager?

Recently, one of our friends got in touch with us saying that they are happy with their current adviser but wanted to get a second opinion. We organised a meeting with them and realised that what ...

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A Good Financial Planning Business is Like a Think Tank

March 10, 2022

A Good Financial Planning Business is Like a Think Tank

Recently, we got thinking about all the different legislation that affects us as well as our clients. Legislation such as the Tax Act is essentially just thousands of pages of words. We think that ...

“$100k Isn’t Much Anymore”

March 08, 2022

“$100k Isn’t Much Anymore”

No, we don’t mean $100,000 is a small amount of money. Far from it! But more and more, we hear people talk about it as an insignificant amount when they are thinking about buying a new car or doing ...

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Why a Good Financial Adviser is Like a Good Cornerman in Boxing?

September 17, 2021

Why a Good Financial Adviser is Like a Good Cornerman in Boxing?

To ‘have someone in your corner’ is a common saying that originated in boxing, where the coach or trainer is in the competitor’s corner offering advice and letting the fighter know how they are going.

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The Only Numbers That Matter (to Your Retirement Savings)

September 15, 2021

The Only Numbers That Matter (to Your Retirement Savings)

There are some important numbers you need to know when you’re nearing retirement. In percentage terms, there are three main ones: 8, 5 and 0. ​

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Every Time You Borrow Money, You Take It From Your Future Self

September 13, 2021

Every Time You Borrow Money, You Take It From Your Future Self

We sometimes think about our future self as a different person. Of course, we know this is not actually true. But when it comes to borrowing money, thinking of our future self is important.

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The Average 60-Year-Old is Far More Employable Than They Think

September 09, 2021

The Average 60-Year-Old is Far More Employable Than They Think

There is a bit of a misconception that people in their 60s aren’t employable. But we actually disagree with this. We see a lot of clients in their 60s who don’t want to fully retire yet. Instead, ...

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If the ATO Doesn't Call You'll Know it's Me

August 31, 2021

If the ATO Doesn't Call You'll Know it's Me

Chances are you’ve heard some of Jimmy Buffett’s classic songs. ‘Margaritaville’ and ‘It’s five o’clock somewhere’ are old favourites. But this episode goes out to fans of the song called ‘If the ...

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What if I'm 45? (Why We Only Work With People Over 50)

August 26, 2021

What if I'm 45? (Why We Only Work With People Over 50)

We are often asked why we focus on people over 50. This is our niche; we rebranded in 2020 and changed our name to Money Over 50 so people know exactly what we do.

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Why I Am Right About Most Things?

August 18, 2021

Why I Am Right About Most Things?

A year ago, Dallas met with some regular clients. This couple – one who is retired and one who is close to retiring – listened intently as Dallas clearly outlined their trajectory – that is, what he ...

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How to Avoid Getting Robbed by Your Financial Adviser

July 26, 2021

How to Avoid Getting Robbed by Your Financial Adviser

The world of finance sometimes comes with a big elephant in the room – is your adviser trustworthy? Unfortunately, we sometimes see stories about financial advisers (or people in positions of power ...

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We Take Care of it All, While You Can Enjoy Your Financial Freedom

July 23, 2021

We Take Care of it All, While You Can Enjoy Your Financial Freedom

Please excuse us for this title – but we are hoping to paint a picture in your head. The thing is, nobody wants to go to their rectal examination. And that’s what this blog is about. For some people, ...

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The “Hard Work, Good Work” Matrix

July 21, 2021

The “Hard Work, Good Work” Matrix

Today, we look at the interplay between hard work and good work. We have a saying here at Money Over 50:   with your hard work and our good work, we can achieve great things. 

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How To Turn $700,000 into $2 Million ?

July 20, 2021

How To Turn $700,000 into $2 Million ?

Many of our new clients come to us with around $700,000 in assets and about ten years left of their working lives. Their goal is to make sure they have enough money in order to live a good lifestyle ...

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Income You Can Draw From an Extra $100,000 in Retirement Savings?

July 19, 2021

Income You Can Draw From an Extra $100,000 in Retirement Savings?

Many people think of their retirement savings as being one ‘bucket of money’. But how much is enough? As a very rough guide, if you want to draw $100,000 a year for the rest of your life, you want ...

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Why You Probably Need 1.1 Cars in Retirement and What to do About it

July 15, 2021

Why You Probably Need 1.1 Cars in Retirement and What to do About it

Who remembers the ad from 1994 about the average family having 2.3 children? It may be stretching the memory a little, but we clearly remember the little boy in the ad who certainly wasn’t a fan of ...

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Why You Shouldn’t Fix Interest Rates

July 15, 2021

Why You Shouldn’t Fix Interest Rates

If you own property, at some stage you’ve probably had to decide between variable and fixed interest rates. Today we discuss why you shouldn’t fix your interest rates when it comes to your home loan ...

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Why Your House is More Like a Car Than a Super Fund

July 13, 2021

Why Your House is More Like a Car Than a Super Fund

Towards retirement, we always discuss assets and liabilities with our clients. Many of them talk about their house as an asset and part of their retirement savings. But there is a problem with this. ...

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Living on the Age Pension is Better Than Being a King 500 Years Ago

June 24, 2021

Living on the Age Pension is Better Than Being a King 500 Years Ago

Having a hot shower is just one of the many luxuries we enjoy in the modern world. But hot water systems are a relatively recent addition to our lives over the course of human history – and just one ...

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Who Should Set Up Their Own Business in Semi-Retirement (Part 2)

June 09, 2021

Who Should Set Up Their Own Business in Semi-Retirement (Part 2)

In the previous blog we discussed the benefits of becoming self-employed during semi-retirement. Taking this step suits some people more than others.

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Why You Should Set Up Your Own Business in Semi-Retirement

June 08, 2021

Why You Should Set Up Your Own Business in Semi-Retirement

We decided to record a three-part series about setting up your own business in semi-retirement, because we have seen it working successfully for many of our clients.

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No-one is Raking Up Cash and Setting Fire to it

May 31, 2021

No-one is Raking Up Cash and Setting Fire to it

Michael at Money Over 50 wants to be remembered for two quotes when he dies. When you retire, your money has to get dressed and go to work for you. No-one is raking up cash and setting fire to it. 

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Getting a Good Return is Not a Good Retirement Goal

May 28, 2021

Getting a Good Return is Not a Good Retirement Goal

During an initial consultation, we always ask our clients what their goals are. It can take some time to really work out what they want to achieve in their retirement, and what financial strategies ...

The Difference Between a Good Accountant and a Good Financial Adviser

May 27, 2021

The Difference Between a Good Accountant and a Good Financial Adviser

Recently, Michael caught up with a friend who works as an accountant. A long discussion about the two professions got Michael thinking: do listeners of the Money Over 50 podcast (and people in ...

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Setting Up Investments for The Grandkids

May 21, 2021

Setting Up Investments for The Grandkids

We often have clients who want to put aside some money for their grandkids as an investment. The aim is for this cash to be a long-term investment – whether it’s used for education or as part of a ...

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The Dodge Ram Index (How Overconfidence Leads to Overspending)

May 20, 2021

The Dodge Ram Index (How Overconfidence Leads to Overspending)

Imagine you are driving your 1999 Toyota Corolla and you pull up at the traffic lights next to a brand new Dodge Ram. You look up at the driver who is grinning at you from their shiny new vehicle, ...

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Either Save Money or Stop Stressing About It!

May 18, 2021

Either Save Money or Stop Stressing About It!

It goes without saying that there is a fairly broad spectrum when it comes to financial knowledge, just as there is a broad spectrum when it comes to financial stress. What we mean by the second one ...

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Ramsey’s Kitchen Nightmares For Retirees

May 17, 2021

Ramsey’s Kitchen Nightmares For Retirees

Have you ever watched Gordon Ramsey’s Kitchen Nightmares? It’s actually one of Michael’s favourite shows, and he sees many similarities between failed retirement plans and failed restaurants. On the ...

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Money Spent is Kinetic Energy, Money Saved is Potential Energy

April 30, 2021

Money Spent is Kinetic Energy, Money Saved is Potential Energy

Money is a lot like energy – it is simply shifted. It’s like an energy source. Money doesn’t care whether you spend it on a holiday, give it to your kids, donate it to charity or set it on fire (but ...

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3 Things That You Need to Do, We Just Don’t Know What They Are Yet!

April 29, 2021

3 Things That You Need to Do, We Just Don’t Know What They Are Yet!

When Dallas was younger, he was a keen martial arts student. After each fight, his coach would give him a Post-It note with three things on it that he needed to fix. These three points helped Dallas ...

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Do or Do Not, There Is No Try

April 28, 2021

Do or Do Not, There Is No Try

There is a classic saying that comes from one of our favourite characters, Yoda, in the Star Wars series. The wise old Jedi Master says to Luke Skywalker:   do or do not; there is no try. In other ...

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You’re Right Where You Want to Be…

April 16, 2021

You’re Right Where You Want to Be…

Michael’s son had his first day of school this year. In the week leading up to it, he was incredibly anxious about his first day – it was almost challenging to even get him into the car! But the ...

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Goals, Then Plan, Then Portfolio

April 15, 2021

Goals, Then Plan, Then Portfolio

Whenever we tell people we’re financial advisers, the first question we get asked is ‘what is a good investment?’ or ‘what should I invest my money in?

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Owning Vs Lending

April 14, 2021

Owning Vs Lending

Since the dawn of time, companies have been able to borrow money in order to add value to a product or service, then charge a premium for that product or service and sell it to make a profit. 

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Does Thinking About Money Hurt Your Head?

March 29, 2021

Does Thinking About Money Hurt Your Head?

When Michael was at the tile shop looking for renovation ideas and being asked to choose between an assortment of different designs, he left in a haste and joined his kids in watching a Disney show ...

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Bolting It All Together – In Retirement

March 25, 2021

Bolting It All Together – In Retirement

In the previous podcast we discussed ‘bolting it all together’ while you are still working – meaning getting everything in order financially before you retire. We gave the example of a couple who ...

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Bolting it all together - While you're working

March 23, 2021

Bolting it all together - While you're working

We often discuss owning the great companies of Australia and the world and how it benefits you in retirement. Today, we look at some things you can do while you are still working. 

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Biases – Why We Get Caught up With the Crowd

March 19, 2021

Biases – Why We Get Caught up With the Crowd

So why is it exactly that we get caught up with ‘the crowd’? We are surrounded by people in our everyday lives – friends, family, colleagues and so on. We try to listen to our own intuition and our ...

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Owning the Great Companies at the Push of a Button

March 17, 2021

Owning the Great Companies at the Push of a Button

It can be difficult to own a money-generating asset – historically speaking, too. You can’t drive past a successful business and just go in and buy part of it. On the flipside, you   can buy a part ...

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The Good, the Bad and the Ugly of Tax Deductions

March 15, 2021

The Good, the Bad and the Ugly of Tax Deductions

We find that tax deductions are often the least understood area of finance. People often spend money simply because it’s a tax write-off. But what they don’t consider is whether that expense will ...

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5 Retirement Rules of Thumb

March 05, 2021

5 Retirement Rules of Thumb

In this blog we look at how much money you’ll need to retire, and what you need to do to get there assuming you have ten years left of your working life. Note: the figures discussed today are simply ...

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Why We Believe Fake News

March 02, 2021

Why We Believe Fake News

In the third instalment of our biases series, we are asking: why do we believe fake news? Why do we believe stories or things that aren’t necessarily true?

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Why the Best Financial Advisers Need Their Own Financial Adviser

March 01, 2021

Why the Best Financial Advisers Need Their Own Financial Adviser

Everyone knows Roger Federer is one of the best tennis players of all time. But he still has a tennis coach! It’s the same for a financial adviser. Despite how good they are, they still benefit from ...

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Why It’s Not Enough to Have Your Balance Go Up Every Year

February 22, 2021

Why It’s Not Enough to Have Your Balance Go Up Every Year

Most people have some money saved for their retirement. Whether this is in superannuation or across other investments, they have generally thought about their retirement and are preparing for it. The ...

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Biases – Why We Struggle to Fix Our Mistakes

February 18, 2021

Biases – Why We Struggle to Fix Our Mistakes

Why is it so hard to fix our mistakes? Sometimes, decisions are not black and white – especially when it comes to our finances. We have many decisions to make when it comes to our financial future – ...

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We Never Know Why Company Share Prices Fluctuate, Only That They Will

February 17, 2021

We Never Know Why Company Share Prices Fluctuate, Only That They Will

Everyone knows that company share prices go up and down – that’s a fact. What we don’t know is   why  they do – that is, what external events will affect the share market and when. Of course, there ...

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What if My Super Drops by 30% When I Retire?

February 15, 2021

What if My Super Drops by 30% When I Retire?

This is a pretty common question we get from our clients. It’s an understandable fear, given that market volatility is real. Fortunately, the situation is not as dire as it seems – even if you happen ...

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We want personalisation, not choice

February 12, 2021

We want personalisation, not choice

We’re going to get a little philosophical here and make this statement: people in the modern world want lots of choice in their lives. They want options when it comes to making decisions. And with ...

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Biases: Why We Make Mistakes

February 11, 2021

Biases: Why We Make Mistakes

This is the first in a 4-part series about human biases.  ​ Human beings are funny creatures who do some strange things, including making mistakes. But there is some consistency around the mistakes ...

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Listener Question: Building a Separate Two-Bedroom Cottage

February 10, 2021

Listener Question: Building a Separate Two-Bedroom Cottage

This week, we have a listener question from Linda. Linda and her husband live on the Sunshine Coast and are 5 years away from retirement. They have $200,000 in cash and her question is whether they ...

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The Shocking Risk of Term Deposits

February 09, 2021

The Shocking Risk of Term Deposits

Think about term deposits. What words or phrases come to mind? How do people often describe them? Safe. Secure. Low-risk. Guaranteed return... ​Today, we’re going to prove why these descriptions are ...

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The Facts of The Last 30 Years

February 08, 2021

The Facts of The Last 30 Years

You’re entitled to your own opinion, but you’re not entitled to your own facts: one of Dallas’s favourite sayings of all time.

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Find Money and Automate

February 05, 2021

Find Money and Automate

We often encourage our clients to find ‘extra’ money to go towards their investments. This doesn’t have to be huge – a dollar here, five dollars there – to put away. 

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Federal Budget 2020 tax cuts : $100 a week for you

February 04, 2021

Federal Budget 2020 tax cuts : $100 a week for you

In our 88th podcast, we made a statement about how you can   turn $100 a week into $100,000 over 10 years by making voluntary contributions to your superannuation. The trick for most people, of ...

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Simplicity is best

February 03, 2021

Simplicity is best

So, today’s blog is called ‘simplicity is best’, because we think this also goes for financial strategies. The simpler, the better.

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No-one's coming

February 02, 2021

No-one's coming

When it comes to your retirement, your finances and your business: no-one’s coming to your rescue. In other words, all of those things are your responsibility. That might sound depressing, but it ...

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The difference between gold, property, and companies

February 01, 2021

The difference between gold, property, and companies

Are price and value the same?   Actually, price and value are very different. Take ‘the hamburger test’ as an example – the price of a hamburger has gone up significantly in the last 30 years, but ...

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Retirement Planning Risks – Sequencing Risk

January 29, 2021

Retirement Planning Risks – Sequencing Risk

Sequencing risk is when the order and timing of your investment returns are unfavourable. This risk is hidden to some degree and is a subset of market risk / volatility. 

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Retirement Planning Risks: Business Risk

January 25, 2021

Retirement Planning Risks: Business Risk

As author and financial adviser Nick Murray says:   you should never have so much money invested in something that you will either make an absolute killing out of it –   or be killed by it.

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Junk Bonds Masquerading as Term Deposits

January 22, 2021

Junk Bonds Masquerading as Term Deposits

Junk bonds are frequently advertised as “an attractive alternative to term deposits”. But junk bonds do not guarantee you a return, and they are very high risk. They often claim to have a 5% return – ...

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The give-up, get-back ratio

January 20, 2021

The give-up, get-back ratio

So, what is ‘the give-up, get-back ratio’? Another way to phrase it is: what can I give up today to get back something better later on? You guessed it – we’re talking about investing your money. And ...

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Why depreciation is a real expense, not just a tax deduction

January 15, 2021

Why depreciation is a real expense, not just a tax deduction

There’s no such thing as a free lunch. An oldie but a goodie – especially when it comes to tax deductions. Often you hear people justify buying a product or service because it’s a ‘tax write-off’ – ...

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Listener Questions: Selling property now vs at retirement

January 14, 2021

Listener Questions: Selling property now vs at retirement

First of all, thank you to Mike for listening to our podcast, and for sending us your question. We really enjoyed preparing for this complex podcast and we dug deep to analyse the facts and figures ...

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Protect your purchasing power, not your principal

January 12, 2021

Protect your purchasing power, not your principal

One of the biggest fears our clients have is that despite working hard to save their desired $1.5 million for retirement, they will lose that amount in a GFC-type scenario.

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Diversity leads to better decision-making

January 11, 2021

Diversity leads to better decision-making

We recently attended a 3-day business course about diversity and how it affects decision-making. But before we explain the relationship between those two, let’s look at a different relationship: that ...

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Retirement risk - Liquidity risk

January 11, 2021

Retirement risk - Liquidity risk

Being liquid describes how quickly someone is able to get to their cash. When we talk about the  risk  to liquidity, we mean any instance where the investor can’t buy or sell an investment as and ...

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FAQ – Are you corporately owned?

January 08, 2021

FAQ – Are you corporately owned?

We continue with our frequently asked questions today, and this is a fairly timely question as we recently got a new name as part of our rebranding last year; Lighthouse Financial Advisers became ...

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FAQ – Are they going to sell me a product they get a kickback from?

January 07, 2021

FAQ – Are they going to sell me a product they get a kickback from?

This is a question we get asked a lot. When we talk about ‘product’, we mean any product or service that we recommend when we meet with our clients: superannuation funds, super income streams, ...

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Retirement risk: Market risk

January 06, 2021

Retirement risk: Market risk

Like any kind of risk associated with money, thinking about volatility can be daunting. But what we always say is that you can never  entirely  get rid of any risk; you can only shift it.

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Why elections don't affect companies' value in the long term

January 05, 2021

Why elections don't affect companies' value in the long term

The US election took over the news for months near the end of last year. Big events such as this often go hand-in-hand with comments about the share market and how it will be impacted negatively if ...

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Profit First – Part 2: Logistics

November 30, 2020

Profit First – Part 2: Logistics

In the previous blog, we looked at the ‘profit first’ theory which is the same as ‘paying yourself first’. This means putting money into your superannuation fund from your pay check before you spend ...

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Profit First - Part 1: Theory

November 26, 2020

Profit First - Part 1: Theory

In this blog, we discuss one of the theories from a book called   Profit First  by Michael Michalowicz. We decided to base a podcast around this because many of its principles can be adapted at a ...

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Investing in one company is like a day at the races

November 24, 2020

Investing in one company is like a day at the races

In this blog, we look at investing in one company as opposed to diversifying your portfolio by spreading your investment over a number of companies.

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How to give money to your kids

November 19, 2020

How to give money to your kids

How should you give money to your kids? So, if you’ve made the decision to help them out, the question now is how to go about it so that it’s a positive experience for both parties.

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When to give money to your kids

November 16, 2020

When to give money to your kids

Often, our clients tell us stories about how they used to get by on very small amounts of money when they were younger, and their struggles of getting ‘set up’ for life. We love hearing the stories ...

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99 Episodes – A look back, a new name and a birthday for Money Over 50

November 12, 2020

99 Episodes – A look back, a new name and a birthday for Money Over 50

We’ve thoroughly enjoyed recording the podcasts each week and we want to take this opportunity to thank all our listeners for joining us. We’ve always said that we would do the podcast even if we had ...

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Listener Questions – Small Business Tips and Traps

November 05, 2020

Listener Questions – Small Business Tips and Traps

We received another listener question today, from a small business owner called Kerry. Kerry is in her early 60s and, like many in her situation, she is close to retirement but only has a small ...

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“No” is a complete sentence

November 02, 2020

“No” is a complete sentence

What do we mean by that? We mean that people in general have difficulty saying “no” to events. And not only that, they feel compelled to give a reason when they do. 

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The highest and lowest possible outcome for your retirement

October 29, 2020

The highest and lowest possible outcome for your retirement

What do all of our clients have in common? They all want the best outcome for their retirement. Everyone does - they want their money to ‘work for them’ in the best possible way. Unfortunately, like ...

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FAQ – Who are our clients?

October 27, 2020

FAQ – Who are our clients?

Another great frequently asked question – who exactly are our clients?   Some think that we look after people with a high net worth. And while in some cases that’s true, most of our clients would ...

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When to sack the coach

October 09, 2020

When to sack the coach

How do you know when to sack the coach? Of course, when  we say ‘coach’, we mean financial adviser. Our job can, in a way, be compared to that of a sports coach except our focus is on the financial ...

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No Boundaries

October 07, 2020

No Boundaries

​At Lighthouse Financial, we have no boundaries. Sounds dodgy, doesn’t it? It’s not, we promise. ​​What we mean is that we have no geographical boundaries. Although we are located in Townsville, ...

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How to turn $100 into $100,000

October 05, 2020

How to turn $100 into $100,000

That title got your attention, didn’t it? ​You’re either pessimistic, or keen to learn how. Well, it’s actually not that difficult. We assume that most, if not all of our listeners have a small ...

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Why retirees should consider renting again

September 28, 2020

Why retirees should consider renting again

When people think about renting versus buying a home, financial comparisons are usually made. But there are also some emotional aspects to consider. ​

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Retirement planning is a series of sprints, not a marathon

September 21, 2020

Retirement planning is a series of sprints, not a marathon

When running a few km's, the whole time you think about how far left you have to go until you're done. When you are doing a few short sprints, all you think about is the small distance you are ...

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MO50,

What to do after making a mistake

September 14, 2020

What to do after making a mistake

There's not a person on this planet who hasn't made a mistake in their life before, especially when talking about financials.

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MO50,

5 legal loopholes to take advantage of

September 08, 2020

5 legal loopholes to take advantage of

​A large part of what we do is taking the time to understand the legislation involved in the financials of Australians and figuring out ways for us to use it to the advantage of our clients.

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MO50,

No such thing as no risk

August 28, 2020

No such thing as no risk

If you’re in your 50’s, you have probably thought that the closer you are to retirement the more you should be invested in low risk. This usually translates to you believing that you should be ...

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MO50,

What scares you about retirement?

August 21, 2020

What scares you about retirement?

Retirement sounds great, no more work, and the freedom to do whatever you want. But why do we sometimes fear what is yet to come?

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MO50,

What is a Financial Planner?

August 14, 2020

What is a Financial Planner?

​ The term “financial planner” is broad one, as there are many different areas a planner can specialise in, much like a doctor.

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MO50,

Hand up vs Handout

July 15, 2020

Hand up vs Handout

Providing hand outs to your adult children is not going to teach them the valuable lessons they need to stand on their own two feet. However, that’s not to say you can’t help them by providing a ...

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MO50,

How to avoid a 17% inheritance tax

June 01, 2020

How to avoid a 17% inheritance tax

A big part of a financial planner's role is to minimise the tax you pay as much as possible, this even includes the tax your loved ones will on the assets you leave behind when you pass away.

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MO50,

Fear of loss vs. Fear of missing out

May 25, 2020

Fear of loss vs. Fear of missing out

​ As an investor, you’ll have experienced a fear of losing money and/or a fear of missing out on potential gains.

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Cash is king

May 18, 2020

Cash is king

The old-fashioned method of payment of cash has become a thing of the past for most people. ​ But cash can be used as a great tool to cap your spending on certain discretionary expenses and not blow ...

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MO50,

Planning for a Semi-retirement Here is What You Need To Consider

May 11, 2020

Planning for a Semi-retirement Here is What You Need To Consider

One of the key things involved with retirement planning is finding out what the clients retirement goals are. Usually, this would involve a time where they would move from full-time work straight to ...

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MO50,

3 ways that people lose money in shares

May 04, 2020

3 ways that people lose money in shares

A lot of new clients who come to meet Lighthouse Financial Advisers get worried when they hear that they will be invested in the most diversified companies around Australia and the world.

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MO50,

Why you should make personal contributions to super?

April 27, 2020

Why you should make personal contributions to super?

Most people understand that if you want to make before-tax contributions to your super, you can salary sacrifice via payroll, producing a tax saving.

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MO50,

“When things settle down” and what that really means

April 20, 2020

“When things settle down” and what that really means

​ “Should we get out now and come back in when things settle down?” is a question that usually finds its way into investment conversations when the value of one’s investment has dropped.

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MO50,

The wrong people to have around you – financially

April 13, 2020

The wrong people to have around you – financially

With most things in life, the people you choose to surround yourself with have a large impact and influence on your decisions. This is no different when it comes to your financials.

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MO50,

Why volatility isn’t a sign you did something wrong?

April 06, 2020

Why volatility isn’t a sign you did something wrong?

​ When we see our superannuation, balance rise and fall due to volatility, we as humans instinctively think that there’s something wrong and feel that we have done the wrong thing by putting ...

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MO50,

5 reasons couples argue over money

March 30, 2020

5 reasons couples argue over money

When discussing money in a relationship, it's not rare for arguments or disagreements to occur... We're only human. Being aware of the reasons why, however, can help with the communication process ...

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MO50,

Business as usual (the new temporary usual): COVID-19 pandemic

March 26, 2020

Business as usual (the new temporary usual): COVID-19 pandemic

We are currently in a time of global uncertainty; we are in the middle of the COVID-19 pandemic and a significant drop in the investment market that hasn’t been experienced for years. ​ So, what does ...

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MO50,

3 immediate changes you can make

March 16, 2020

3 immediate changes you can make

There are a fair few strategies that we’ll be able to use immediately with most of our new clients to help achieve their retirement goals.

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MO50,

Is renting ‘dead money’ an opportunity to increase your savings ?

March 09, 2020

Is renting ‘dead money’ an opportunity to increase your savings ?

Most people have heard the saying ‘rent is dead money’. To some degree, it sort of is. Your cash will go in the pocket of someone else and you will not be getting any of it back. ​However, there is ...

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MO50,

Why a 10% drop in the share market shouldn't be a surprise

March 02, 2020

Why a 10% drop in the share market shouldn't be a surprise

The week of 28 February 2020 the ASX200 had dropped by around 10%.  This has taken many people by surprise.  But should it?

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MO50,

Should you move all your super into cash when you retire?

March 02, 2020

Should you move all your super into cash when you retire?

There is a common belief that in retirement you should have moved all your super into cash and defensive assets (such as fixed interest), but it really depends on your current situation.

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MO50,

“My house is my Super.”

February 24, 2020

“My house is my Super.”

​You’ve spent what seems like a lifetime getting your dream home, and retirement is creeping up fast. You have put the absolute bare minimum contributions into your superannuation, but it doesn’t ...

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MO50,

Making the most of the new decade – Real-life case study

February 17, 2020

Making the most of the new decade – Real-life case study

Most people come in to see us about 10 years from retirement and are usually very surprised on what can be achieved if they decide to switch on and focus.

FAQ - What information do I need?

February 02, 2020

FAQ - What information do I need?

Making the leap to see a financial adviser can be a daunting process, especially knowing that you need to lay all your cards (regarding your financial situation) on the table. ​ You may feel as ...

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MO50,

Avoiding these vehicle myths can benefit your retirement.

January 29, 2020

Avoiding these vehicle myths can benefit your retirement.

Most people need a car, it is a necessity that gives us the freedom of getting from A to B. ​ Eventually, you’re going to want to buy a new one and that’s fine if you are being reasonable. However, ...

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FAQ - What are your fees?

January 01, 2020

FAQ - What are your fees?

We charge a percentage-based fee of 1% of your retirement savings balance per year on an on-going basis.  For the first 12 months ONLY this is increased to 2%. Financial planning is a very intangible ...

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Active management VS Index management

December 20, 2019

Active management VS Index management

An active fund manager selects the companies and sectors they believe are going to outperform a common index.  For example, an active manager may benchmark their performance against the ASX 200.  ...

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MO50,

A good financial adviser is like a...

December 18, 2019

A good financial adviser is like a...

What is a financial planner? It’s the most common question I’m asked. If you ask Wikipedia, a financial planner is ‘a professional who prepares financial plans for people’, which is akin to saying a ...

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MO50,

My business is my super.

October 28, 2019

My business is my super.

Building a successful business doesn’t happen overnight.   A successful business is a product of dedication, sacrifice, humility and hard graft.   After years of investing a great deal of time and ...

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MO50,

What is your 'investing time horizon'?

October 14, 2019

What is your 'investing time horizon'?

This has always struck me as a question that doesn’t make sense.  In theory if a financial adviser asks their client this question, they would shoot back a defined time frame i.e. 3 years. In reality ...

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MO50,

Is your information already factored into the price?

September 30, 2019

Is your information already factored into the price?

Often people invest based on a prediction the price of their chosen asset will eventually rise. This must be the case, otherwise they’d just wait until the price drops to buy. Their predictions are ...

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MO50,

How to increase your age pension.

September 16, 2019

How to increase your age pension.

Tax. It’s an unavoidable aspect of working. Most people pay a lot of tax in their working life and don’t receive much assistance from the government in return.  So, when it comes time to collect the ...

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MO50,

Taking leave as a lump sum vs income.

September 02, 2019

Taking leave as a lump sum vs income.

Most people have another ‘asset’ up their sleeve leading up to retirement; their leave entitlements. In some cases, you may also be able to choose whether to take these entitlements as a lump sum or ...

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MO50,

Why people in their 50’s are stuck in the middle.

August 19, 2019

Why people in their 50’s are stuck in the middle.

I’ve just had my first child just before I turn 30.     My father was 30 when I was born and his father was 30 when he had him.  Based on this anecdote let’s assume the average 50-year-old has ...

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MO50,

Kids these days.

August 05, 2019

Kids these days.

​ “Each generation imagines itself to be more intelligent than the one that went before it, and wiser than the one that comes after.”   George Orwell said that in 1945.  It was true then, is now and ...

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MO50,

What we can and can’t do.

July 22, 2019

What we can and can’t do.

​ It is important to understand what we, as financial advisers, are able and willing to do, and what we are not able to do for you.

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MO50,

Retirement Planning Risks (part III).

July 08, 2019

Retirement Planning Risks (part III).

The last article in this series covers the remaining major risks that can affect planning for retirement.  We have already covered market risk, purchasing power risk, business risk, and sequencing ...

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MO50,

Retirement Planning Risks (part I).

June 10, 2019

Retirement Planning Risks (part I).

When planning for retirement, everyone can agree that it makes sense to minimise risk.  It sounds like one of those things that no one can possibly disagree with. However, ‘risk’ is one of those ...

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MO50,

How to not run out of money.

May 27, 2019

How to not run out of money.

My parents have always said to me, they plan to spend their last dollar on the day they die.     Before I was their financial adviser, I didn’t give this much thought.

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MO50,

Asset A or Asset B?

May 13, 2019

Asset A or Asset B?

​Let’s assume for a moment you are aged 55 and meeting with a financial adviser for the first time.     You plan to retire in ten years and you estimate you will live to the age of 85 so the adviser ...

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MO50,

Financial adviser vs stockbroker, which one do you need?

April 29, 2019

Financial adviser vs stockbroker, which one do you need?

Often when I tell people I’m a financial adviser they ask me ‘what do you think the share market will do this year’ or ‘what do you think about NAB shares’ or something similar.  When I say that I ...

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MO50,

How to get paid $14,801 for a week's work.

April 15, 2019

How to get paid $14,801 for a week's work.

Picture your retirement. You might see yourself spending time with the grandkids. Perhaps picking up a neglected hobby. You might even plan to pack up your worldly possessions and hit the road for ...

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MO50,

The biggest destroyer of retirement savings.

March 26, 2019

The biggest destroyer of retirement savings.

Most people intellectually understand inflation, but not emotionally. ​ I often hear people say they received a pay rise but when I dig deeper I find out it was by 2-3%.

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MO50,

Good problems to have.

March 12, 2019

Good problems to have.

When meeting new clients one of the first questions we ask is what their goals are.   We often hear that they want to ‘maximise Centrelink benefits in retirement’ or ‘minimise tax’. While these are ...

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MO50,

How much do I need to retire?

February 26, 2019

How much do I need to retire?

A question we often get asked when we meet new clients is ‘how much do I need to retire?’. The short answer?  It depends. There is no magic number.

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MO50,

The real dangers to your retirement plan.

February 12, 2019

The real dangers to your retirement plan.

We spend a lot of time thinking about what can impact someone’s retirement. Most people are focused on the risks associated with the market crashing, or Brexit, or Trump getting elected… or any other ...

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MO50,

How should a financial adviser get paid?

January 29, 2019

How should a financial adviser get paid?

​ In the last few years there has been endless debate in my industry about how financial planners should get paid. The two main options are to be paid on a percentage basis or on the flat dollar.

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How much will you spend in retirement?

January 15, 2019

How much will you spend in retirement?

Retirement is a concept many people struggle to visualise on a day-to-day level, especially when planning years (or even decades) in advance.

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MO50,

How much time should I be thinking about my finances?

December 04, 2018

How much time should I be thinking about my finances?

​ When talking to people about their financial situation, I often hear ‘I need to look at this more often’. But I’m not sure that’s the answer. Some people may need to spend more time working on ...