In the words of that celebrated US Philosopher, Elvis Presley, “we need a little less conversation and a little more action please”.
13/4/2021
What's Your Best Before Date?Many people avoid going to the dentist, because they expect it to be painful. You might know what I mean. That cracked filling - we never get around to doing anything about it until the darn thing falls out. Or even when faced with the choice of enduring a ‘sometimes’ sore tooth for several months versus going to the dentist, we generally try to ride out the bad tooth in the hope it will get better! And how does that work out for you? An ounce of prevention is worth a pound of cure.
Picture your first years in retirement. Things are going great. Days spent playing with the grandkids, sunny mornings on the golf course and leisurely walks on the beach.
However, if you are like many of our clients, you are relying on the sale of your business to fund your own version of nirvana. The problem is that you are not exactly sure what you will get for the business, or even how long it might take to sell. This can be a little scary for some – there is after all a lot riding on the outcome. 17/2/2021 Reverse Mortgage - Saviour or SinWith interest rates virtually nothing, reverse mortgages may be the lifeline that cash-strapped retirees need right now. But, proceed with caution.
21/10/2020 How To Work Out If You Are RichIn a previous blog, I talked about 5 things that we can learn from happy retirees. One of these 5 was to honour something known as the ‘rich ratio’. I’ve had a couple of requests to dive a bit deeper with this so here goes:
Any of these sound familiar?
When it comes to your financial plans, do you do the same? Let's have a look at what these assumptions could be costing you. 27/8/2020
Six Money Must-Do's For The Middle AgedIt's easy to understand why retirement doesn't loom large on the horizon for 20-somethings. Young workers are more concerned with kick-starting careers, not ending them in the long-distant future.
And in your 30’s, there’s probably extra mouths to feed and debt to reduce. “So what do you do?” the cardio surgeon asked. It’s an innocent enough question, but it turned out to be loaded with philosophical importance.
His eyes lit up when I said financial planner.
In the grand scheme of things, money's not that important. It's important only to the extent that it allows you to enjoy what's important to you. Despite this, a recent survey of Millennials found more than 80 per cent said their major life goal was to get rich. Another 50 per cent said that another major life goal was to become famous.
When I ask this question of my clients, it is generally not an amount of money or the material side of life that we finish up talking about.
It is the things they want to experience. |
15/5/2021
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