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 being ‘the .3’. In the ad, he complains of never fitting in the backseat of their family car. Enter the Ford Laser – the car which all families must buy in order to fit all three kids! For a blast from the past, check it out here: https://youtu.be/jNNIJBiSyA
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. Unless their plan is to sell the house before or during retirement, this is not an asset that will generate an income for them to live off.
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 of many luxuries people often take for granted.
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.
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.
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 a rule of thumb and don’t take individual factors into account.
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 could also be viewed in a positive light. Imagine the possibilities when all those things are in your control.
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 money on anything else.
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.
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 business, which can make it hard for members of the public to put a price on the value-add that comes from advisers.
Dallas Davison, Michael Hogue and Ali Hogue.