Tag Archives: personalfinance

What $150,000 Looks like for your independence

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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 financially independent.

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?

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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 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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Wilful ignorance and why if you’re in your 30’s you have to read this

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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!

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Why you should not trade crypto

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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.

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