Money Over 50

In this episode, we discuss the similarities between retirement plans that fail and the restaurants that fail (as seen on Gordon Ramsay's Kitchen Nightmares), as well as looking at the similarities between a successful retirement plan and a successful restaurant. P.S. we don't yell at our clients the way Gordon Ramsay does. For all listener questions/feedback, please contact the team at podcast@mo...

Investment return is simply a means to achieving a good retirement goal., it is not the goal itself.  For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Accountants and financial advisers have different goals in mind when it comes to taxes. For an accountant, it may be that they are tax focused for that particular financial year, while the financial adviser may be looking over the longer-term. This isn't necessarily always the case, but it's good to keep in mind that both professions are usually experts in different areas of tax. For all listener...

It can be hard to fully grasp the concept of money... thinking of it as a form energy, however, might be an easier way of understanding what it is and how it works. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Adding onto Episode 138 What if I retired and my super dropped by 30% where we looked at the returns you would have achieved if you invested at the WORST time in the last 30 years (e.g. at the top of the investment cycle right before the 1987 Stock market crash and also right before the GFC crash). In this podcast we look at the most likely returns that you would have received over rolling periods...

Focussing on too many things at once is a quick-and-easy way to not get anything done at all. Narrowing your focus can help you fix/improve your weaknesses whilst keeping you from getting overwhelmed. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Using the term "try" can have an affect on the outcome of what it is you're trying to do. Consciously, you want to do this thing but subconsciously you may be giving your self an easy way out. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Our typical 55 year old client usually feels scared when starting their retirement plan, but they come out on the other side with happiness after conquering their fears and being proud of what they achieve. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

It's not difficult to come up with a plan/portfolio but if they don't align with your goals, what's the point? For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

You can do all the planning in the world, but you won't get any further without you actually "doing". For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Being a lender to a company, you can get paid a rate of interest. However, you do not share in the company's profits, that stays with the owner. Would you prefer to be a lender or an owner? For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

The way a human's brain works is fantastic, but they're not all the same; there are some things that are easy for us to understand and some that are a difficult for us. You definitely will not be seeing me paint like Leonardo Da Vinci unfortunately. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

This episode follows on from our previous episode where we discuss "bolting it all together" while you're working. We now dive into the nuts and bolts of the retirement phase. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

We often speak about buying the great companies of Australia and the world, but also super and tax planning, so how does it all bolt together? For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

The final instalment of our "Biases" mini-series has us discussing groupthink, restraint bias, & neglect of probability! A lot of investors may have experienced this firsthand during the Covid-19 pandemic. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

There is nothing quite like how easy it is to own some of the greatest companies of the world. There's not many things that you can be interested in and buy a portion of ownership from without having to do any work related to that business/asset. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Tax deductions are some of the most misunderstood parts of finances in Australia. When people think tax deductions, they think about spending $1 on an item and receiving 39c back whilst losing the $1; when we talk about tax deductions we mean putting $1 away, receiving 24c back & watching the $1 grow to $2. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

Retirement is a HUGE chapter in all of our lives... here are 5 rules of thumb to ensure a good retirement. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

In this episode, we discuss a hidden tax benefit when turning age 60 and deciding to change job (that you may be able to take advantage of). For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The third episode of the "Biases" explores the biases that push to believe FAKE NEWS. The biases that are explored and how to minimise their effects are incentive bias, hindsight bias, self-serving bias, & narrative fallacy. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

In this episode, we discuss our experience of using one another (Michael & Dallas) as our own financial advisers and reveal some of the advantages we have found. For all listener questions/feedback, please contact the team at podcast@mo50.com.au .

As a person saving up for retirement, it is easy to get stuck in the trap of thinking you will be fine because your balance is going up each year. In reality, there is a target you need to hit and a plan that needs to be followed. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

When it comes to holding equities, you'd rather the share price not move upward so fast until you are ready to access them. Cheaper prices = more share purchased. For all listener questions/feedback, please contact the team at podcast@mo50.com.au

The second part of our "Biases" mini-series explores why it is hard for us, as investors, to fix our mistake. Our subconscious mind is full of instincts that has been created through thousands of years' worth of evolution; created to help us survive the world. However, a lot of the problems that once affected us are no longer existent/relevant, but our instincts are still there. The biases discuss...

When it comes to equities, the media and "analysts" love to try their hand at predicting what is happening with the markets. Last year should have been proof enough that we don't really know what will happen in the short-term. For all listener questions/feedback, please contact the team at podcast@mo50.com.au