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One of my favourite things to do is answer reader questions.
Not because I think I have all the answers.
But because it feels great to help people unpack some of the complexities in their finances.
Sometimes all we need is a different perspective – someone from the outside looking in who’s walked a similar path, who can say, “Well, doing X will give you this outcome, but doing Y will give you that.”
In my new Q&A article, I answer a couple wondering whether to pay off their mortgage or start pumping money into super.
I also tackle the following topics:
— Where to start as an 18 year old
— Are lifestyle assets anti-FIRE?
— Should I sell my LICs?
— How to get BOTH dividends and growth from your portfolio
— Switching investments when you retire
Read: October Investing Q&A
STRONG MONEY PODCAST
I have a few unpopular opinions.
One of those is that despite all the talk about the ‘cost of living crisis’ most Aussies have more money than they realise.
It’s just that it seems to disappear faster than ever.
In the latest podcast, I unpack the long term data which backs my belief – and share how we can use this perspective to see our finances in a new way.
Listen here on Spotify, Apple, or on the website.
Read the article version here.
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AUSSIE FIRE PODCAST
Right now, a lot of people are saying it’s a terrible idea to invest when the market is at ‘all time highs’.
But is that really true?
We unpack this in detail in the latest Aussie FIRE podcast.
We also discuss whether investment bonds AKA insurance bonds are as tax-friendly as they sound.
And a listener shares their experience with investing in geared shares with their super fund – so we discuss the tradeoffs around that.
Listen now on Spotify and Apple.
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THOUGHTS OF THE WEEK
“Rent money is dead money”
Then so is every single expense related to owning outside of principal repayments, which is the smallest part. And by that definition, everything you spend money on is dead or wasted money unless it’s savings or investment.
Good decisions made repeatedly spiral upwards into an incredible life. Bad decisions made repeatedly spiral downwards into a terrible life.
The idea that you’re morally obligated to keep working after becoming wealthy is laughable. You’ll probably work anyway, depending on your age, because you want to. But you can happily ignore societal pressure.
BOOK UPDATE
Just putting the finishing touches on my new book – we’re getting close!
I’m about to print a test copy and check it over, then get it setup on all the platforms.
It’s very exciting, but nerve-wracking at the same time.
In case you’re wondering, I decided to self-publish just like last time. If you’re curious why I didn’t bother with a traditional publisher, I wrote about my thinking on that and a simple breakdown of how the book industry here.
It should be out mid November – hopefully less than a month from now 🙂
