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 words: fully commit, or be prepared to fail. We actually love this saying, because in many ways it can be adapted to our financial mindset, too; and the idea of fully committing to an action.
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.
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?
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 energy into your business it’s fair to assume it will be worth something when you decide to hang up your boots.
Or will it?
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 usually based on a range of information sources, some credible, some not.
But is it possible this information is already factored into the price?
Lighthouse Financial Advisers Townsville and Maria Pandalai from TravelManagers have teamed up to provide you with the information that you need to start planning for your dream holiday.
Recently I read a book called ‘Happy Money’. The authors of this book happen to be 2 college professors from America (Elizabeth Dunn and Michael Norton), they started full time work around the same time and both had the same question; what should I spend my money on? As the title suggests, this book was all about their research into the best way to spend your money in order to maximise happiness, or in other words, get the best ‘bang for your buck’.
Choosing the right financial adviser is one of the most important decisions you can make. There are so many financial decisions that you will make during your lifetime, that it will be almost impossible to make the right decision every time without the help of a trained professional. With that in mind, here is a list of some of the major “do’s and don’ts” to look for in a financial adviser.
Dallas Davison, Michael Hogue and Ali Hogue.