Prior to May 2022, the cash rate was recorded as 0.10, the lowest in Australia’s history, 5 months later the rate reached 2.35. This is an increase of 2250%.

“The industry must move from an industry dedicated to the sale of financial products to a profession concerned with the provision of financial advice.”

The ‘gear’ a property is in is just a description, earning money from your investment or your investment causing you overall annual costs is what it is describing.

The minimum drawdown rates were temporarily reduced 50% from the 2019-2020 financial year until the end of the 2021-2022 financial year as a response to the significant losses in financial markets as a result of the COVID-19.

The National Rental Affordability Scheme property owner incentive is indexed on a weighted average of the Consumer Price Index posted on the 1st of March the next year, basically, something you cannot plan for.

Mortgage’s don’t sounds as good as owning a home, especially since the origins of the word Mortgage have the Latin meaning of Death Pledge. If this is a factual description then a reverse mortgage must be beautiful, you would get money until you pass away or sell the home.

“The major reason for the increased importance of personal financial planning is the transfer of risk for providing for one’s old age from the Government (age pensions) and employers (defined benefit super schemes) to individuals.”

Australian Pension age increases, should we keep it going?

You do not need special equipment, controlling your finances and expanding your knowledge relating to the matter can be done by anyone willing enough to do so.

“About 25 years ago Uganda’s labour force increased by 700,000 people, most of them women. The problem was not that women were ignored, but that the earlier survey had an old fashioned division of household labour.”

If we know the standard deviation, we know roughly two thirds of the actual returns.