The gross value
Previously I asked the question of how much it takes to
retire early. This same question also is how much it takes to become
There were a range of answers all the way from a retirement
pension that only provides $24,268.40 per year, through to a real case where
the money target was $384,000 per year.
Using average figures along with a multiplier of 2.5 I
rounded up to come up with a number of $150,000 per year net.
So what does $150,000 look like?
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.
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.
Metaphorically everyone gets caught with their pants
down. It happens for all sorts of reasons at all sorts of different times, but
the best excuse comes down to ‘not knowing’
Seems innocent right?
After all if you don’t know something then how are you
supposed to take it into account?
The problem is that Ignorance is not an excuse. It
doesn’t work. It never does. It shouldn’t!
Have you ever been in a car with a lunatic who just kept
doing stupid ****? Have you ever seen that crash coming and simply frozen as
all of the events have simply unfolded around you? Have you ever been in a
situation so unstable and so out of control that if you turn away for a single
moment you know that you’re in trouble?
Welcome to the Cryptoverse. Finely enough unlike financial
editor Ross Greenwood I’m not going to tell you cryptocurrencies are bad or
that you need to stay away from them. Not at all.