Recent Posts

  • 4 Tips For Taking Property Investment Lo...

    July 24th, 2014

    Property investment loans are usually the same as the loans for buying residential properties – you can avail of the same options, terms, flexibility and interest rates. Here are 5 tips to keep in mind for taking property investment loans in Australia.  Decide on an [...]

  • How Do Short Term Loans From Pawn Shops ...

    July 2nd, 2014

    If you are in need of a short term loan, but you don’t want to or can’t get a payday loan, you may want to consider a pawn shop loan.  These loans are simple to apply for, and anyone can get them at any [...]

  • Why You Should Convert Your Traditional ...

    June 18th, 2014

    Self-managed superannuation funds (SMSFs) have been growing in popularity and now make up the largest sector of the superannuation market. If you’ve considered either starting a self-managed super, or converting your traditional super to a self-managed one, consider the benefits versus retail funds. Full control. [...]

  • Grow Your Business With Multi Lingual Ac...

    January 29th, 2014

    Success of a business is measured in one way–the amount of profit the company gains. A business will often meet with accountants, who keep financial records as well as give financial advice, in order to grow their business. As businesses expand, there is a [...]

  • For The Savvy Investor, Self Managed Sup...

    January 28th, 2014

    When people plan for retirement, they are generally only looking at being able to survive when they are no longer working. They want to be able to take the time to relax. Many people run into retirement blindly, hoping they have enough to survive [...]

  • Investing In Financial Services In Gold ...

    January 22nd, 2014

    There are many financial services in Gold Coast to take advantage of, but the most important type of financial services one can invest in are insurance policies. There is a policy for a variety of different scenarios in life from homeowners and vehicle insurance, [...]

  • Consulting With An Accountant Regarding ...

    January 16th, 2014

    As you grow older, you may be starting to think about what is going to happen once you reach the age to retire. While you may have built up some money in a savings account and retirement plan through your work, you may decide [...]

  • I Met With One Of The Accountants In Joo...

    January 9th, 2014

    I decided to hire one of the accountants in Joondalup, like those found at Mansell & Associates, to do my taxes this year because I didn’t have the time or the patience to do them on my own this time. In the past, I [...]

Pensions and Supers

an older couple hungging on the beach

Australians are lucky to have so much support for their retirement funds. Not only do our employers contribute at least 9% of our income to supers, but the Age Pension can fill any financial gaps as we get older. And as companies compete for the best candidates, average employer contributions will rise—perhaps as high as 12% by 2020. With just that money, we can live modestly after retirement. How great is that?

Your Own Money

a piggy bank floating upside down in water

If you want retirement to be as awesome as the rest of your life, you have to put your own money in the super. Rely just on employer contributions, and you’ll have to live on about $30,000 per year when you retire. But saving more money isn’t too hard. You can increase your salary by rocking at your job, and you can maintain your standard of living so life never gets too expensive.

Modest Living

a man frowning while playing with his piggy bank

Does saving money sound boring? It’s not as hard as you think. Once you realise that a fancy dinner out costs as much as your weekly trip to the supermarket, you’ll be plenty motivated to cook your own food. And you don’t have to give up every luxury—just be patient so you can get the best prices. Any money you save can go to your super, and you’ll be a millionaire by retirement.