07 5450 7652
07 5450 7652
|
Investment mistakes cost you money – that’s why they must be avoided.
What I’ve discovered over the years is there are only two ways to gaining the experience necessary to know how to avoid investment mistakes.
Frankly, I'm no glutton for punishment. The easy way makes sense to me. Avoid these mistakes, do better with your money and accelerate your journey to retirement happiness. This is part three of our budgeting series, showing you step by step how to take control of your money and get on track for a stress free retirement. If you missed them, links to Part 1 and 2 are below. Thanks Mike and Helen for allowing me to share how you saved more than $15,000 per annum, using our "9 Pro Tips". Mike and Helen are super determined to build some new habits now so they can remain living the good life well in to retirement.
They are showing us all how to get it done!! OK, so now we have debunked some myths about budgeting, are you ready to take control of your money, so you can stress less about retirement, and live a better life too?
Here are 9 tips gleaned from 30 years of helping people with their money. Follow these, and you will be saving money like a pro in no time. 29/6/2020 Busting Budgeting MythsUnfortunately, the word budget gets a bad rap.
Some people reckon it makes them look cheap and takes all the fun out of life. We reckon that could not be further from the truth! Here are some budget myths we wish would go away: Retirement should be about freedom. But too many Australians are retiring without freeing themselves from the biggest master of all – debt and the Banks they owe money to.
Who does not want to be confident and relaxed about their financial future? To be that way, most of you recognise that you need to be in control, and on top of your money.
After all, the future is coming whether you plan for it or not. Will you have the retirement you want, or what happens to you by default? About the most effective thing you can do to get ahead is so basic, I am almost embarrassed to say it – spend less than you earn and do something sensible with the difference. The problem is, so few people do this successfully. Creating and sticking to a budget is not easy. 30/4/2020 Living Longer In The Lucky Country We Aussies are a successful bunch. Whether that be economically, on the sporting field or even how we get on with each other, we do most things really well. The Government's Intergenerational Report (IGR) spells out how successful we have been in the most important area of all – staying alive.
26/2/2020 Coronavirus And Your MoneyThere are three words that many experts find hard to say.
“I don’t know”. In complex circumstances with so many unknowns, "I don’t know " though can be a better option than guesswork. We suddenly have all sorts of economic experts making all sorts of predictions, but I can tell you, much of that economic analysis is guesswork. So what does that mean for your super balance? 20/2/2020 Does It Get Better Than This?Investment returns in 2019 were terrific, except for cash and Australian small caps.
As is often the case, a good sector one year is not so flash the next, and small caps were top of the pops in 2018 so the two-year number is good. With growth super funds delivering around 10% a year for a decade, it's tempting to expect similar good returns in future. The Morningstar Gameboard below shows only one negative asset class result over the last five years. Attention is a precious resource.
And as with any resource, scarcity creates value. In the digital age where noise is everywhere, those who can capture the most attention are said to win. |
RSS Feed
30/6/2020
1 Comment