How old are you and what's your financial plan?
I'm curious to hear different opinions so I can improve my own.
What's Your Financial Plan?
deme on 06/02/2021 - 23:15
Comments
Don't. The HG part of VDHG is a bit of a misnomer. It's very highly diversified in global small caps, but over the last 30 years it (or its parent fund - as the ETF hasn't existed that long) has returned less than VAS (or its parent fund).
My youngest child has plans for me to live with her and she will she care of me. It sounds blissful.
We have close friends with grandma living with them and it has set an example for her.How old is your youngest? Are they married?
8
Haha :D good on her
@FrugalDealHunter: She’s said it since she was 2 so I’m confident.
She must be from a culture where they look after their elderly, I’d never let my mother move in.
Aim is the retire before 50 latest and move to Malaysia. Food heaven, beautiful beaches, low cost of living. Love it.
Retiring by 50 would be the dream
Hell yeah
Good post. A lot of us here with good advice from their perspective but individual have to do their own assessment and selecy what suits them. Below is my piece from my experience:
Pay off mortgage for PPOR as soon as you can. That way you are worry free if something goes wrong with job etc.
Save first, then spend. Invest regularly in a mixed portfolio that way it balances out when economy at its lowest and we have seen that in 2020 in many investments. Max out the super as that's the best investment for the long run.
Educate yourself with good knowledge and surrounded yourself with good people, that way you can see the brighter side of the world/life and realise the good and bad differences. Give generously to the needy and do real charity in a way there is no return expected. Travel as much as you can. Lastly, if you have kids, invest your time with them, it's so valuable and powerful to see how they come out on the other side with the best of you. Lastly, honesty, integrity and respect pays for the long run which is probably we are all running around for a so called happiness.
Each to their own but paying off your PPOR quickly isn’t necessarily a good way to build wealth. Yes there are security benefits, but things change, life changes. What is the PPOR today could be a rental property tomorrow. By paying it off quickly (rather than using an offset to retain a high loan balance) you may miss out on the benefit of being able to access equity to make other investments, or claim interest tax deductions if ever converted to a rental property.
I personally like to keep my options open, but YMMV.Thoroughly agree with all your other points.
Increase my income year on year by investing in my business and starting other businesses.
Invest extra capital into property with a mix of negative & postively geared ones.
Work part time from age 45 onwards.
What do you do?
Online business selling homewares, full time business now…left my job a few years back.
Have got a couple properties including the one I live in…looking to add a third in the coming year or so.
How old are you and what's your financial plan?
I'm curious to hear different opinions so I can improve my own.mid 30s
my current plan in a nutshell: get the f2ck off the f2cking disability pension
if i can't do that, i just don't know
nothing, (profanity) this consumerist society.
I don't get it? Surely planning your future instead of buying crap isn't not consumerism?
My plan was to get an education, get a good job, get more educated, get a better job and more $'s, to own my house, buy more houses (yes neg gearing ). That worked well for 35 years then the big D. Parted with about half of wealth, jumped to software sales and with my industry experience I found a new career paying a lot more. So now 60+, working for fun, living the dream.
Everyone keeps talking about VDHG - I feel silly that I took the IOZ, IHD IVV route instead :(