Money Over 50

221 Get in the habit of looking for good news (don‘t let the constant negative stories affect your retirement plan)

The role of media is to serve those tuning in with stories that will keep them coming back, 9 times out of 10 it is a horror story of some sort because this is what keeps people coming back (especially when it comes to the economy). This paints a negative picture of the future, even though life is generally getting better for the world. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

219 Why do you fear retirement? And how do these fears affect your potential plan?

In this episode, Dallas & Michale discuss retirement fears - fear, loss & limitation. 
Lack - is the fear/belief that you will never have enough to retire.
Loss - is the fear of losing money through events such as volatility.
Limitation - is the fear that when the assets you are invested in a drop in price, and that they never come back up. It is also the fear that when you retire, no one will want to employ you again.
For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

218 3 simple things (in retirement planning)

This episode has Michael & Dallas discussing how simple it can be to get ahead financially, but also how hard it can be to not make an error through panic. Michael uses a real-life example of investing at the worst possible point in time (i.e. right before the Global Financial Crisis), explaining how keeping to the plan and not panicking creates a positive outcome. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

217 Getting punched 50% of the time is better than 100% of the time

Using boxing/fighting as an analogy, Dallas & Michael explains how there will always be a pain when investing in companies through the effects of volatility, however, staying invested in great companies and sticking to a plan allow them to have the best chance to reach their goals. On the other hand, those who stay on the defensive and invest heavily in assets like cash (to reduce volatility), open up the risk of not lasting the whole retirement. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

216 How long it takes to make $100,000

In this episode, Michael & Dallas speak about how long it takes to earn $100,000 from your investments. They demonstrate the amazing benefits of compounding, showing the reduced time it takes to make the "next" $100,000 as your investments continue to grow. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

215 The future is much brighter than we think

As we all know, we are constantly being fed with horror stories about our future, particularly when it comes to economics. However, true poverty is reduced each year allowing people to meet their basic needs (e.g. food and water); further to that point, more and more people are reaching the middle-class. The increase of other people's wealth is great for those who own shares in great companies, as people now have the ability to spend, therefore, increasing the value of companies. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

214 People are still fearful to invest in companies (even though they play a significant role in your future wealth)

Michael and Dallas discuss fear in investing in companies using real-life examples of the GFC and the Covid-19 Pandemic. They explain that volatility is a part of long-term investing, and the mistake usually comes from panicking at the wrong time. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.

213 Life‘s too short to drink bad wine (plan to do the things you enjoy in your retirement, not to cut back)

You shouldn't be planning for your retirement to be a lesser lifestyle than what you are currently living. Retirement should be a time of abundance and doing the things that you actually  enjoy, this is why it's important to have a carefully considered plan that focuses on this. For all listener questions/feedback or to book a meeting with us to discuss your plans, please contact the team at podcast@mo50.com.au.