So you’ve decided you want to purchase a car. We can easily shop around by looking at the advertised sale price of the vehicle. That is fraught with danger though, as there are […..]
The landscape for retirement is not the same as it used to be. James is retiring today (born in 1953) and has a life expectancy of 78 years. Kevin is born today and can expect to live to age 91.
James has just 13 years of retirement for his money to last. Kevin has almost double the time – 25 years. He needs […..]
Running out of money in retirement is a real concern for most. As discussed in the previous post, sequence of returns can be a major determinant of whether our money will last our lifetime. If we are unlucky enough to retire just before a recession, or worse, a depression, then our chances of outliving our money drop substantially. Particularly if we […..]
Let me explain using two fictional employees – Mike and Jacob. They worked for Megacorp Inc and were identical in all aspects of their job. They both started working at age 25 and both worked for 40 years. Their salary and salary growth were identical, along with their Kiwisaver contributions. They made the same investments with their savings during which they both earned […..]
If I am being honest, I never thought that early retirement used to even be a possibility on an average middle-class income. I thought we HAD TO go to university, get a job for 45 years and then retire. End of discussion.
But I am here to tell you early retirement is a definite possibility and I have […..]
In 2017 an Australian rich lister named Tim Gurner made headline news proclaiming that millennials can’t afford homes because they spend too much money – mainly on avocados apparently!
“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each
I don’t know if I am supposed to be offended. You see […..]
In a world full of Twitter, Facebook, Instagram, and reality TV, we all love a bit of voyeurism. Looking at other people's lives from the outside seems to interest us. Maybe because we like to learn from other people - what we want to do., what we don’t want to do. Maybe we just want a bit of excitement and feel like we are living vicariously through them. Either way, it is a bit of pastime.
So today is a special day my little voyeurs. I am going to open up on a step by step level, how I got to where I am today […..]
I’m pleased to present our first reader case study on this blog. This is where I encourage you, the readers,to write in with your situation that you want looked at.
I do my best to answer your questions and provide recommendations for your situation. I also encourage you all to post your thoughts in the comments sections to help out our subject.
Today, we have Jim (not his real name) wanting to know what he should do next in order to achieve his goals of marriage, kids and retirement before 60 […..]