Money Over 50

166 The Dodge Ram index (overconfidence leads to overspending)

March 2020 the entire country was in fear of not having a job with the outbreak of Covid-19 around the world. In the short space of 12-months to March 2021, the country has gone from "scarcity" mentality to an "abundance" mentality. One such area of expenditure that has increased is luxury cars. Michael and Dallas have observed the significant increase of Dodge Rams (amongst other luxury cars). What's telling about this is that Dodge only launched the Ram in recent years. At the start of 2020, not many Rams were on the road, now, it seems like 5% of vehicles on the road are Dodge Rams. With the average Superannuation balance per couple (age bracket 55-64) being

165 Changes to super contribution caps

This episode discusses the new changes to the Australian superannuation contribution caps. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

164 Either save money or stop stressing about it

There's no point wasting your energy on stressing about saving money when you're not going to do it. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.

163 Ramsay's kitchen nightmares for retirees

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@mo50.com.au.

162 Getting a good return is not a good retirement goal

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.

161 The difference between a good accountant and a good financial adviser

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 questions/feedback, please contact the team at podcast@mo50.com.au.

160 Money spent is kinetic energy, money saved is potential energy

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.

159 The most likely returns of the last 30 years

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 of time during the last 30 years. For all listener questions/feedback, please contact the team at podcast@mo50.com.au.