We can't change what happened but we can change what happens next" is what we must learn from recent natural disasters. If we were lucky enough that it didn’t happen to us we must prepare ourselves in case it’s our turn next.
We have lived in Queensland for 30 years but we were born & raised & taught maths in Christchurch so we are a little tender at the moment. Hence our moment of introspection.
We read from Kate’s email ‘Had a text from Margaret and Joe. Their house is ruined. Not surprised as it was on the side of a rather steep hill. Joe lucky to escape - had just exited kitchen where everything came off walls. Margaret reckoned he could have been killed. Their kitchen is/was three levels up like sitting in a lighthouse. Rest of their family is OK. Not sure about Mark and does anyone know if Tim has left. I sent a text but no reply. Shaun did say Tim had been in the cathedral steeple two hours prior to earthquake. Also one of Betty’s four sons has been killed.>
However, from Jon we read ‘Everyone is good thanks, city is a b!!!!!!!!!!!y shambles tho.’
And from clients
Hey John,
Aren't you from around that neck of the woods? Hope you don't know anyone affected.
Bret
And we must thank all those who were concerned enough to call us to enquire.
When we reflect on Queensland events then we aren’t ‘out of the floods’ yet. We understand that the Wivenhoe dam levels are being reduced. Terry suggested they were to be reduced to 25% capacity when we under the impression that it was by 25%. We await clarification maybe from Julian from Townsville i.e. Wiki leaks who may have had his 15 minutes of fame.
Nick the senator who the Red Queen needs to have her flood levy passed has suggested flood insurance. The cover girl Anna who certainly raised her credibility during the floods commented that 7 years ago the disaster insurance premium was 200m & too dear. As with all insurance this is a frequent objection.
When we had a greater passion for life insurance 20 years ago we used the phrase-
‘You can dodge your responsibilities but you cannot dodge the consequences of dodging your responsibilities.’The ‘Black Swan’ book’s major theme was that very rare events have a disproportionate effect on all concerned. It is sometimes called ‘the butterfly effect’ where a butterfly fluttering in the Amazon jungle affects markets elsewhere.
So how do we change what happens next?One way maybe to list say 20 major but rare events that could happen to you & then do some preventative work.
This could be a ‘What if?’ list & we could all create a different list.
Lets suggest some
• What if the banks internet was down & there is no chance of cash for the week? Do you have that cash somewhere?
• What if as Kerryn found out recently you are now redundant. How does she service the negative cashflow on her ‘rental property’?
• What if oil goes much higher & fuel is much dearer. Is part of your super in oil or energy or resource funds or companies. What make & model is your car & do you ride a bike?
• What if you ‘run into a bus’ today & you have a mortgage & family. Do you have 1.5m Life cover. Does your spouse?
• What if as we have heard from Julie on Sunday & Sandra yesterday of sons in intensive care due to accidents.
• What if as at Tennyson the lights are still out. Will they have the switch board & lift needs in the basement in their next building?
• What if someone walks in & takes the work laptop as Julie also advised us on Sunday
• What if you need to contact that family or friend? Do you have all contact details.
• What if you can’t get your passport & wallet as they are buried in the Christchurch rubble or the Queensland flood. Do you have a photocopy?
• What if there was a smarter way to pay the mortgage. The Big boys don’t say & as Sel commented yesterday ‘they lie like rugs’.
• What if there was a world class health prevention story used by the WTA & other Olympians?
• What if as Damian knows your house is flooded. How do you minimise a next time?
• What if there was a way for the taxx man to subsidise your mortgage. May appreciated that summary.
• What if you could buy the top 300 companies & use 200+ funds in your own super & cheaper than a SMSF?
• What if your house was flooded or ‘quaked’ & you now have negative equity. Would you take on less debt next time.
• What if as in CHC * 80 per cent of the city is without water supply and * 40 per cent of the city has no power supply.
• What if your credit cards are too high & you can’t consolidate as your repayments have been irregular?
What if you could donate to the Salvos for the victims on https://www.salvationarmy.org.au/newdonation/donation.aspx?from=webhomeNZ
Hence the challenge is to do what Glenn suggested this week. I.e. save more which most are now doing & is reflected in lower retail sales.
We suggested previously that your super isn’t available for the ‘What ifs’? & hence there needs to be some other saving.
Lori suggested that ‘the housing market was horrible’ so selling your house is not an easy & it is an expensive option.
The big boys want your business but do they really care? Vaughan commented last Saturday that his industry fund performance was ‘crap’. We could create a ‘lemon list’ of bank & industry funds as others have. They are all emphasising costs but there is a bigger cost in the difference in performance. This difference could be huge.
We suggested to Sandra that most people need a financial tweak.
Welcome to call on 3848 1088 or book via our site or email info@wealthcoach.net.au
We promise you the meeting with a free lunch will be fruitful for you.
John McAuliffe
Whom do you trust?
Whom do we trust?
This is the question that all ask when they in fact buy anything. When we are considering any financial services then this question is even more relevant.
It was well summarised by ASIC when they "won' $60m from a global accounting firm for its auditing practices in a WA case that hit the headlines.
i.e. all parties dodged their responsibilities i.e. company directors, product manufacturers, auditors, research & regulators, advisers & clients.
We maybe could extend that further to maybe politicians, bankers & to the US Federal Reserve. Lets note that the US Fed is a private bank. You may be interested in the biggest scam in history.
We have read & heard from two different sources that two of the major banks had to borrow from the US Federal Reserve during the GFC.
Has that been reported in the mainstream media as surely it is of major concern?
We heard last week from Richard an architect that inspectors were going to the Wivenhoe dam to check if there were any cracks in the dam. The suggested reason this week is the rainy season isn’t over & so there is a need to release 25% to minimise flooding.
Maybe the media could confirm either way.
As we stated on our 60th birthday ‘daughters fib & the big boys lie.
We recall two statement from the recent past. ‘My father went back to the bank two days after depositing 750K & the bank adviser didn’t recognise him’.
And from a bank adviser who said ‘it was the worst year of his life’.
All the advertising that ‘industry funds’ do means they must be able to afford the advertising & they aren’t doing it for nothing.
Are they altruistic?
The question also asks do you trust yourself to do the financial make over required.
We viewed Extreme Makeover on Lifestyle where a couple were just buried emotionally & financially & mentally by their house & couldn’t sell it. The Extreme Makeover team solved it for them & sold for about 200K than they imagined was possible. The couple were just buried in the ‘trees’ & could not see a way out .
We recently helped a dentist who doesn’t do his own teeth.
As a past maths teacher we are here to maybe provide a solution to your problem.
Very simply we have been in financial services for 26 years & we have provided financial wisdom with integrity for all of those years.
Hence we offer as a first introduction to us a free meal here to 'break bread' & break the ice'.
We do provide most financial services & we are a member of two professional associations.
We are an authorised representative through a non aligned dealer group. This means to you that we have your interests first as we aren’t pushing an institutions products. All remuneration has to be declared & note this is a gross income before all expenses of any business.
Here to help you if & where we can & welcome to visit our websites or call 07 3848 1088 or email info@wealthcoach.net.au .
There are testimonials on our sites from happy clients.
John McAuliffe
This is the question that all ask when they in fact buy anything. When we are considering any financial services then this question is even more relevant.
It was well summarised by ASIC when they "won' $60m from a global accounting firm for its auditing practices in a WA case that hit the headlines.
i.e. all parties dodged their responsibilities i.e. company directors, product manufacturers, auditors, research & regulators, advisers & clients.
We maybe could extend that further to maybe politicians, bankers & to the US Federal Reserve. Lets note that the US Fed is a private bank. You may be interested in the biggest scam in history.
We have read & heard from two different sources that two of the major banks had to borrow from the US Federal Reserve during the GFC.
Has that been reported in the mainstream media as surely it is of major concern?
We heard last week from Richard an architect that inspectors were going to the Wivenhoe dam to check if there were any cracks in the dam. The suggested reason this week is the rainy season isn’t over & so there is a need to release 25% to minimise flooding.
Maybe the media could confirm either way.
As we stated on our 60th birthday ‘daughters fib & the big boys lie.
We recall two statement from the recent past. ‘My father went back to the bank two days after depositing 750K & the bank adviser didn’t recognise him’.
And from a bank adviser who said ‘it was the worst year of his life’.
All the advertising that ‘industry funds’ do means they must be able to afford the advertising & they aren’t doing it for nothing.
Are they altruistic?
The question also asks do you trust yourself to do the financial make over required.
We viewed Extreme Makeover on Lifestyle where a couple were just buried emotionally & financially & mentally by their house & couldn’t sell it. The Extreme Makeover team solved it for them & sold for about 200K than they imagined was possible. The couple were just buried in the ‘trees’ & could not see a way out .
We recently helped a dentist who doesn’t do his own teeth.
As a past maths teacher we are here to maybe provide a solution to your problem.
Very simply we have been in financial services for 26 years & we have provided financial wisdom with integrity for all of those years.
Hence we offer as a first introduction to us a free meal here to 'break bread' & break the ice'.
We do provide most financial services & we are a member of two professional associations.
We are an authorised representative through a non aligned dealer group. This means to you that we have your interests first as we aren’t pushing an institutions products. All remuneration has to be declared & note this is a gross income before all expenses of any business.
Here to help you if & where we can & welcome to visit our websites or call 07 3848 1088 or email info@wealthcoach.net.au .
There are testimonials on our sites from happy clients.
John McAuliffe
