Tag Archives: Money

How much do you need to retire early?

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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

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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

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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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Why money for time is a poor trade

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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.

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