Why the Rich Just Get Richer

Disclaimer: None of the following is legal advice in anyway, and legal advice should be sought from a legal professional.

This one is a bit harder to start. Despite what I write about and the intention to educate [you] the reader about value of financial education and literacy, it has to be honestly said that what I promote comes from sources before me. Just like the skillset I promote in teaching for profit. What I know – I learnt from someone else.

To that end, I tend to keep my ear relatively close to the ground when it comes to learning what some of the ‘bigger’ players out there do when it comes to their money, lifestyles and success. After all, learning from those before us, is the ultimate shortcut, and education right?

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Why Cash Flow is King

How bad can it get?

The stats are pretty horrific. 88% of people do not invest, and on average 1 in 500 succeed financially. So when it comes to achieving financial independence why try? Why bother?

Never trying will guarantee failure, but any attempt to secure your future is better than nothing and even small victories count.

But the phrase of ‘cash flow is king’ is always true. I make it no secret that I am not a financial advisor—I’m an educator! But you don’t have to go too far to understand that cash flow is truly king.

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How much do you need to retire early?

What is retirement?

When most people think of retirement the first thing people tend to think about is the freedom that comes with not having to go to work each and every day. Taking this further the vast majority of people ‘want’ to retire early, but very few dare to explore the options available to make the dream a reality, until time is heavily against them.

But retirement usually has a few common factors namely, having enough money available to support their quality of life without needing to work for more.

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How you’ve been setup for financial failure

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.

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How Low interest rates impact your future

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.

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