Inflation vs your savings: The ultimate showdown!
Inflation is a slow force working against your financial goals. It can quietly erode the purchasing power of your money over time. While it’s tempting to see cash as a safe haven, failing to factor in inflation could mean your savings are worth less when you need them most.
So, let’s dive into the showdown between inflation and your savings, and explore strategies to fight back!
Unlocking financial secrets for different phases of life
One of the keys to financial success is to adopt the right strategy at the right time. As you move through the stages of life here are some tried and tested ‘secrets’ that will help you build and protect your wealth.
The fast way to a life supported by passive income
Imagine that, without any effort on your part, enough money regularly pours into your bank account to meet (or exceed) all your living expenses. Suddenly, work becomes optional and a world of opportunities opens up. That’s the ultimate in passive income – all your financial needs met without lifting a finger.
Super in your 50s. It’s time to push the pedal down!
If 50 really is the new 40, then life has just begun. The kids are gaining independence or may have left home, and the mortgage could be a thing of the past. Bliss. But galloping towards you is… retirement!
How to take advantage of the 1 July super cap increase
From 1 July 2024, the amount you can contribute to super will increase. Let’s take a look at how you can take advantage of the change.
A closer look at borrowing within your SMSF
Last month we looked at how to borrow and invest in property through your SMSF.Is it possible? Is It worthwhile? What are the challenges…and the benefits? This month we’ll be digging a little deeper and working through some calculations to help you understand how it could work to help build your retirement nest egg.
Is it a good idea to borrow within your SMSF?
Ask anyone over the age of fifty what their best ever investment was, and inevitably they will answer, buying their own home. Their biggest regret? Not buying the house next door at the same time.
So where better to invest your precious retirement savings than in property?