In the previous blog we discussed the benefits of becoming self-employed during semi-retirement. Taking this step suits some people more than others.
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.
Michael at Money Over 50 wants to be remembered for two quotes when he dies.
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 they should use. Often, the first thing new clients say to us is, “I want a good return on my investments.”
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 general) know the difference between an accountant and a financial adviser?
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 first home deposit later down the track. In this blog we’ll look at how to successfully invest a small amount – under $20,000 – and in future podcasts and blogs we’ll discuss more significant amounts.
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, and you feel… jealous? Poor? Left behind? Well, you shouldn’t – and here’s why
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 is the extent people worry about their current financial position.
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 other hand, successful restaurants have a lot in common with successful retirement plans.
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 please don’t do the last one).
Dallas Davison, Michael Hogue and Ali Hogue.