Step 1: Get over self-doubt
You only need to look at anyone who provides a service to
understand that information and skills are valuable. And as long as you’ve ever
been paid for any work done, then you qualify as a provider of a service.
So how valuable is your service? More appropriately how valuable is the skill behind a service?
The RBA Cash Rate
On the first Tuesday of every month the Reserve Bank of Australia (RBA) announces the official cash interest rate. With the current Cash rate at 1.00% and the economy failing to gain strength the, today the RBA dropped the Cash rate to 0.75%
The question is why?
The main purpose of a rate drop is to stimulate the economy. The logic is relatively simple. Low rates on loans mean lower repayments and hence more incentive and serviceability to borrow money now.
When it comes to gaining your financial independence, every educator swears by their own systems, but is one truly better than the other?
Like many topics this does not have a quick answer, but the
right one is the one that not only works for you, but most importantly the
strategy that you can support, not only today but also into the future.
So here we’re going to look at 5 strategic options that you have and what they can give you.
Do you want to retire early?
Who doesn’t? Besides you should. But if you really want to become financially independent before ‘retirement’ then there are some things you absolutely need to know about your superannuation fund and how it isn’t going to help you get there.
Simple question! If you could replace a person with a
program or device that doesn’t ask for time off, talk back and is just plain
simply cheaper over any time period, what would you do?
Business is Business, and when cases like this pop up the
answer is unfortunately quite simple.
There is a saying that Accounting is the language of
business, and at the bottom of all of the numbers expenses are always minimised
so that profits can be boosted. It’s as simple as that.
If you’re seen as an expense … watch out!