2020 has been a challenging year to say the least, and above all there have been a number of realities that have been exposed, as well as the hard lessons to go with them.
Earlier in the year when whole states, and countries of the world initiated lockdowns and people went into isolation, very few people foresaw the shockwave that would circle the globe, and how the impact reached every single person.
Whether we call the COVID-19 Pandemic a black swan event or not, it exposed how fragile individual lives and livings are, and just how vulnerable we are. It proved that nothing and no one was safe.
School and Life Decisions
Do you know that you’ve been setup for financial failure? It’s
a confronting question that not many people would want to say ‘yes’ to. However
since your earliest years this is exactly what you’ve been prepared for, and
you don’t even know it. Here are the reasons why.
The first place that sets you up for financial failure is the school system. As confronting as this may be, the school system simply prepares you for more schooling and only at the very end does it prepare you for entry into the workforce as an employee and this is only at the technical level.
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.
Do you really need to work for money?
This is a question that not many people ever ask? But for the vast majority of people out there who are well and truly indoctrinated into the money for time exchange this just seems to be the accepted way of life.
When it comes to having a job, your role and the amount you’re
given for the work you do is ultimately reduced to a single number … dollars
per hour. And as an extension of this you’ll be expected to work a set number
of hours. Pretty standard stuff.
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!