This week we heard a WRX drive up
& we didn’t recall anyone of our clients who had one.
‘You don’t know who I
am do you’.
‘Simon’
‘No’. ‘You are back from Vietnam & you have
lost weight so we can’t recognise you’.
Our client has escaped & the newsletter ‘the Escapologist’ would congratulate
him.
Happy, relaxed , married with a daughter, dental bills a
fraction & a two story house for only 50,000. Yep a fraction of what you
pay here & makes sense as maybe you will never own your place here.
He hasn’t quite
escaped.
His mail here included one from the Traffic Department
saying his licence was cancelled
Why?
He was out of the country for a vote & was fined.
It wasn’t paid as he was out of the country.
Hence his licence was cancelled.
No wonder he wanted to
& has escaped.
And this week we also have the new privacy laws.
Does this mean you have more privacy?
No way!
It means all those institutions who want to lend to you
& extract your money know more about you.
Don’t miss a credit card payment by more than 5 days or you
are on there.
Are these changes for your benefit?
Why was our client so happy?
We work for him &
his family & much of it has been online since our first meeting some
years ago. He did go online to find us.
Our advice was to & for him
& not your money extractors the ATO or the banks.
We are on his side & on your side.
That’s why advisers are rubbished
Because we ‘keep the
bastards honest’.
‘Just a mosquito’.
Only today here we had Gerard who
needed funds from his super to help meet a short term cashflow problem.
He was referred to us
by a colleague who knew we could help him.
Gerard at the age of 60 has only 60K in super as he has
always been self employed & has lost 40,000 to 50,000 on so called ‘investment property’ in the past.
We won’t go off on that today.
Two simple withdrawals from his super this year will
help him survive.
Gerard was also very unhappy with some of his in-laws of his
collecting from Centrelink.
That is another good reason to minimise the taxx that he is paying & we did that also. Gerard
is over 55 & now when in pension phase there
is no 15% taxx on the earnings in the pension fund.
We also had this week a 10%
increase in our health insurance premiums.
What will they be in 7 Years?
As we still jog to the Post Office daily it is very tempting
to give it a big miss.
We consider that we are supporting a system that exists for
itself.
Only yesterday Peta rejected out of hand the number 1* rated science based
alternative.
‘I’m a nurse’ .
Therefore she smokes.
She has just had a ‘stroke’
& tests & they don’t know.
They never will.
Good luck & we will have zero sympathy.
Here is another reason why the number 1* rated science as ‘insurance is only ‘temporary’.
AustralianSuper
insurance premiums to rise by 35%
Friday, 14
March 2014 11:35am
|
|
AustralianSuper will
substantially increase its death and temporal and permanent disability (TPD)
insurance premiums due to rising policy costs.
The 35% price hike is due to come in at the end of March and
was confirmed by AustralianSuper group executive of membership.
He
added that Australia's largest super fund was also "thinking about the right level of default cover for new
members" following the increase of claims and the losses suffered by
insurers.
If you do want a 10% reduction in your health insurance premiums for
the life of your cover then we do
have an offer for you with a major health insurer.
Remember ‘ if we were in your position what would we do
so that you are better off in three years time.
You are welcome to contact us as
others do on 07 3848 1088 or email us
or visit our websites.
No mate. I wish I could.
I'm now full-time. Fly back home Wednesday 26th. Need to see you on Thursday 27 around 1pm. I have to bump up my income protection to $2600 from $1600.
M’
We are helping two couples tomorrow, both aged over 55.
If you feel as you are on a financial treadmill then maybe
lunch here for a start.
Our mechanic Greg yesterday pointed out a motor he had to
pull out from another car. It was meant to be serviced 40,000Km ago &
wasn’t. Hence instead of spending maybe 1,000 the owner has to spend 4,000
i.e. it costs not to
have a financial review.
Mind you this should not be at the bank which may have you
on your current financial treadmill or the industry fund which has the country
in its current state or the accountant who looks backwards at your returns
& is acting as compliance for the ATO.
John McAuliffe
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