Interesting take on the word isn’t it? Responsible = Response-able. We’re all response ABLE to the situations we are in, including the choices we make around our finances. As my dad would say ‘let that sit with you for a while and see where it fits’.
A wise colleague gives the following advice to people retiring on a government pension or their employer contribution only Super accounts. “You might as well ask your grand-kids for your pension money as that is who is going to be paying for it” A harsh reality but one the majority of Australians need [Read more…]
Could you live on $589.60 / fortnight? The fact of the matter is if you’re unable to work and don’t have Income Protection Insurance (IPI) you’ll have to live off the government’s Disability Support pension of $589.60/fortnight*. * Centrelink will pay a maximum disability support pension of $589.60 (each) per fortnight for couples. Many Australian’s don’t have IPI because they’re [Read more…]
Figures released state nearly 50% of the population retiring between 2016 – 2055 will retire poor. They will not have enough to live comfortably. Comfortable retirement equates to $58,000 per year for couples and $43,000 per year for singles. (Figures released for the Association of Superannuation Funds of Australia’s retirement standard) The worst off will [Read more…]
In 1991 Mr Kerry Packer uttered his famous anti-government quote: “Of course I am minimizing my tax (and then addressing the crowd said) … if anybody in this country doesn’t minimize their tax they want their heads read …” And that is the truth of it. If you haven’t already done so you need to [Read more…]
We all know successful sports teams and businesses have coaches. Coaches are responsible for the wins and achievements. They supply the knowledge and tactics required for the game to achieve the best results. In fact if a team continually loses games they don’t replace the team they replace the coach. However what a 95% of [Read more…]
Last week you learnt about the essential ‘Lost Super Track’ process (LST). A necessity as most Australians don’t know they have Super which is listed as Lost. All lost Super is owned by the Government. $14.4B in Australia alone. This week you will learn the 7 things you need to know about consolidating. Consolidating saves [Read more…]