Ha ha ha...I ain't that sort of person,.....I don't even wish that.Quote:
Originally Posted by Mick_Marsh
All I can say is that it took me two times to get it right.
Cheers, Pickles.
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Ha ha ha...I ain't that sort of person,.....I don't even wish that.Quote:
Originally Posted by Mick_Marsh
All I can say is that it took me two times to get it right.
Cheers, Pickles.
Crikey! Henry the 8th only had 6
Hope they all kept their heads :)
Government won't increase taxes to pay for all the things we need so instead they cut services and increase indirect taxes. This increase in the pension age is just another example and is inevitable.
I'm 51. Do I want to work until I'm 70+. No. But exactly who is going to pay the cost of the pension for me? My kids?
What we need are some politicians with some spine and a long term, non-populist view.
[QUOTE=stevo68;2033743]G'day All,
Hmm read some interesting commentary in this post. Let me start off with this... Are you qualified to cut your own hair?
Recently I have met some people who insist that he or she can do my job better than me ( I am a non aligned financial adviser..check out my FB page and threads in The Verandah)? For some reason people think that since they use money every day, they can trade stocks online, check their prices in the newspaper and make their own investment decisions. What a mistake!
Whenever I get a haircut I sit in the barber chair and watch the person cut my hair. I've seen people cut my hair for over 30 years. Do you think that means I'm qualified to cut my own hair? Of course not! I've seen my handy work in the past and it is not good.
Forgive me for saying , but you come across like a used car salesman. Enough said, Bob
[quote=bob10;2033810]Ouch...used car salesman. Anti nance man yes...used car salesman...no. Anyone who knows me in this forum (7 yrs) or personally know I am anything but. If being passionate about helping people change and improve their situation makes me a "used car salesman" so be it. My clients would differ in your opinion as would many. Anyway im not here to get into a slanging situation, name calling or making baseless assumptions. ..nuff said.Quote:
Originally Posted by stevo68
However based on my experience and qualifications if I can assist one person here as with anything else applicable to improve their situation...then happy days.
Regards
Stevo
Sent from my GT-I9305T using AULRO mobile app
I agree completely with stevo. I do feel bad for those out there who've worked hard just to be told they can't sit back for a few extra years yet! But the most important point is that one person controls your financial future and the planning should have started once a few years under the belt (and the usual young drunken, money-blowing days had subsided)!
I think for the generations coming through, the biggest single influence is the parents. I was lucky, had heaps of guidance, and at age 22 I had already purchased my second property and contributed twice the companies' amount into super. And although on a slightly higher income than the average wage, I managed to do this on a single income, all the while spending thousands on my Torana and Range Rover P38!
There are no secrets, it's all about watching where your money goes and looking ahead!
There have been very tough times, even considered selling the investment property to keep the head above water, but I stuck in there and things are looking up.
The best advice I can offer (as a 28yr old with SWMBO and young offspring now), is to teach them the importance of living within their means as soon as they earn their first pay cheque, and as soon as they can afford to - get them a mortgage! The best single thing I did was buy first house. I have mates on similar or better income than me and they are still renting...
As for super going up by 50% in one year, ill vouch for that too. I took over my super 5 years ago (albeit within the options available with my super fund - investment options, etc) and have taken it through the roof! Last year alone (with contributions taken out of the equation), mine went up by around 45%. I watch it like a hawk.
Teach 'em young!
Cheers
Keithy
just a thought, but the reason their wont be any money for Australian pensioners in the future is because the government will be sending it all overseas to countries who's peoples find it easer to live off of our aid money then to improve their countries GDP
Hey Richard...the actual reason is twofold. Back when they introduced aged pension...people would retire at 65...pass away a few years later. Also there were around 7 workers for every aged pensioner. Roll forward 30-40 yrs. People retiring now and in the future could bebin retirement up to 20 years and in next 10 yrs or so (haven't got exact date to hand) there will only be 2 workers to every retiree. So wheres the income going to come from to fund that retirement? It will come from you and hence why I am seeing younger people who have the foresight to start planning earlier.Quote:
Originally Posted by richard4u2
Unfortunately not like many others who start planning till mid 50's. So they are the main reasons for the changes to the aged pension....only an optimist will be relying on it in 20-30 yrs time.
Regards
Stevo
Sent from my GT-I9305T using AULRO mobile app
Here's a modern example:Quote:
Originally Posted by bobslandies
Have few bad periods for whatever acceptable reason - shares drop, business picks up maybe because of economic upturn or less creative accounting:cool: - then this -
DJs cops first strike on bosses' pay
Earlier at Friday's AGM, Mr Mason apologised to shareholders over concerns about two board members buying shares in the company days before it released better than expected sales figures.
David Jones directors Leigh Clapham and Steven Vamos bought shares in the retailer just three days before it told the market sales in the first quarter of the current financial year grew slightly.
Some shareholders have questioned whether the transactions complied with corporate governance guidelines.
Mr Mason said the matter has been referred to the corporate watchdog, the Australian Securities and Investments Commission (ASIC).
"I unreservedly apologise to the company and all our shareholders for the concerns that have been raised on this matter," he told the company's annual general meeting.
"Your board is committed to the highest standards of corporate governance and therefore took the decision to raise this matter proactively with ASIC following media comment."
Mr Mason said the two directors were "motivated by a wish to show support for the company".
Plenty of possibilities for "innovation" out there. Trust in excellently run companies is eroded. Agree with Stevo and Richard though.
Bob
Well Garry you must have the best managed super fund in the world and if so good luck to you. The average is around 10% and documented, but we are also still a long way from the end of the FY and if history is anything to go by there is usually a huge crash around Christmas to Feb that pegs it back quite a bit.Quote:
Originally Posted by garrycol