Could managing your cashflow change your life?
‘Cash is king’ and it is a key component of a successful investment strategy. When you get the basics right then you may achieve your financial goals quicker.
There are 4 components to cashflow
1. Income which means all income such as salaries, benefits, dividends, interest & rent.
2. Expenses which means all outgoings which includes mortgages, taxes & living costs.
3. Assets which are defined as cash creating such as deposits or shares or positive incomes.
4. Liabilities which are your loans, credit cards
The main reasons most save are
• The ‘rainy day’ & floods are only be one of them.
• Holidays & travel
• Paying down debts
• Retirement
How are you going so far?
However as only 36% are now debt free then the conventional way isn’t working.
Australians now have the highest level of debt along with their biggest houses.
There was a Westpac survey sometime ago which found that a comfortable lifestyle required an income of 53,000. Who has the necessary 1,000,000 in their retirement accounts?
So how do you get There?
Financial independence is all about positive cashflow.
This is when your additional income meets or exceeds your cost of living. The way to create positive cashflow is by investing in cash creating assets.
To help you with the mind set change that is required we have for you two excellent & free publications
1. ‘Cashflow Matters - How managing your cashflow could change your life’
2. ‘Your cashflow plan’ – a workbook to help you identify your position.
There needs to be a mindset change if you wish to improve your financial position.
If nothing changes then nothing changes
You are welcome to call on 07 3848 1088 or us for these two excellent & free publications.email
John McAuliffe
Can you or your children play the cashflow game
Can you or your children play the cashflow game.
Can you or the family play the cashflow game originally created by “Rich Dad Poor Dad’ i.e. Robert Kiyosaki. It certainly is very relevant to anyone wishing to escape the ‘rat race’.
In fact ‘escaping the rat race’ is the objective of the game.
Hence as we commented when teaching the quadratic formula ‘nothing is as practical as a good theory’.
We read that the regulator has created a site with 26 ‘tools’ to help with the ‘National Financial Literacy Strategy’. Of course this won’t be advice as only advisers can give advice & who wants to give you advice. Remember the world’s oldest profession only gives ‘opinions’. Will this help you to ‘just do it’.
We will give you general advice now which is if you haven’t read ‘then Rich Dad Poor Dad’ do so today. Certainly when your children’s’ birthdays comes up we would strongly suggest buy them the book. If your son is engaged then buy the ‘bride’ the book. If you have read it then it is time to read it again. In fact we had Ashley who stated he didn’t put it down until he finished so it won’t take you long.
On reflection ‘MySchool’ should have a completed survey & statistics on who has read it. Maybe a copy should be delivered with the census papers shortly with a self assessment test included.
This is the general advice we have been giving since we first read the book 17 years ago. When you have finished that then our personal theme book also from Robert is his ‘The Cashflow Quadrant.’
Hence we are offering you and or your children the opportunity to play here The Cashflow 101 game created by Robert a decade ago. As above the objective of the game is to ‘escape the rat race’.
How do you know you have achieved this objective. The game is won by their definition when your passive income exceeds your expenses.
To quote Adrian who has also been running cashflow games.
‘You will experience the famous Cashflow 101 board game invented by Robert Kiyosaki, the NY Bestselling author of the Rich Dad series of books. Generate some financial insights that may be holding you back and get a money mindset shift.
CASHFLOW 101 is a simple yet profound educational board game that simulates real life financial strategies and situations. Similar to Monopoly, in this game where you buy property, shares and businesses. As a simulation, you learn valuable lessons and gain priceless insights into personal finance, business and investing without having to put your actual money at risk. This tool will transform the "money mind-set" of anyone who plays, whether they are new to financial information, or seasoned investors.
<Yes we did win at Adrian’s last event & our strategy was saving first, speculating on the share market & then purchasing a block of units which was according to the card ‘cashflow positive’. Our occupation card was a ‘nurse’.
As we were on the way to the game we spoke to Don who has apparently has saved his employer by his estimates 1.5m that a project manager would have charged. Don commented that where he has been working is under two body corporates. The shop & business body corporate has not enough funds in its ‘sinking fund’ to pay for the necessary work required after the flood.
The day before Tony who owns a bedroom unit in Spring Hill commented he had taken over as chairman of his body corporate. As that body corporate also had insufficient sinking funds then each unit owner is being asked to front up with 13,000 for each of the next 3 months. i.e. $39,000. As owners have complained Tony said ‘sell or go bankrupt’.
The cashflow game might suggest that then is the time for you to purchase as a distressed seller’.
The game might suggest that purchasing these ‘cashflow positive’ properties that we hear advertised today might be an error.
They are only cashflow positive as the governments are subsiding with about $110,000 over 10 years.
We wonder if in any projections by the developer there is any mention of ‘sinking funds’. Don suggested that many developments use a generalized sinking fund projection & not one for the specific block.
What does funding sinking funds do to your cashflow?
We will bet that there is no tool for sinking funds on the regulators site. How useful is that when a huge percentage have been attracted to cashflow negative property!
We also read this week that about a quarter of baby boomers aged 55 to 59 still have mortgages.
We find this amazing & wonder at the banks’ lending the money. The Banks must expect the mortgagees to work to they are 80.
Will the regulator look at the advice banks have provided to these boomers. Everyone seriously needs to look at their ‘mindset’ & their cashflow.
Enough!
We offer you and or your family the opportunity to learn to play the cashflow game.
Lets learn what Richard defines as an asset. Lets learn about building assets & improve your passive income.
We run games here every 3rd Saturday of the month from 9.30am until lunchtime.
You are welcome to call on 3848 1088, email us or book on our website. John McAuliffe
Can you or the family play the cashflow game originally created by “Rich Dad Poor Dad’ i.e. Robert Kiyosaki. It certainly is very relevant to anyone wishing to escape the ‘rat race’.
In fact ‘escaping the rat race’ is the objective of the game.
Hence as we commented when teaching the quadratic formula ‘nothing is as practical as a good theory’.
We read that the regulator has created a site with 26 ‘tools’ to help with the ‘National Financial Literacy Strategy’. Of course this won’t be advice as only advisers can give advice & who wants to give you advice. Remember the world’s oldest profession only gives ‘opinions’. Will this help you to ‘just do it’.
We will give you general advice now which is if you haven’t read ‘then Rich Dad Poor Dad’ do so today. Certainly when your children’s’ birthdays comes up we would strongly suggest buy them the book. If your son is engaged then buy the ‘bride’ the book. If you have read it then it is time to read it again. In fact we had Ashley who stated he didn’t put it down until he finished so it won’t take you long.
On reflection ‘MySchool’ should have a completed survey & statistics on who has read it. Maybe a copy should be delivered with the census papers shortly with a self assessment test included.
This is the general advice we have been giving since we first read the book 17 years ago. When you have finished that then our personal theme book also from Robert is his ‘The Cashflow Quadrant.’
Hence we are offering you and or your children the opportunity to play here The Cashflow 101 game created by Robert a decade ago. As above the objective of the game is to ‘escape the rat race’.
How do you know you have achieved this objective. The game is won by their definition when your passive income exceeds your expenses.
To quote Adrian who has also been running cashflow games.
‘You will experience the famous Cashflow 101 board game invented by Robert Kiyosaki, the NY Bestselling author of the Rich Dad series of books. Generate some financial insights that may be holding you back and get a money mindset shift.
CASHFLOW 101 is a simple yet profound educational board game that simulates real life financial strategies and situations. Similar to Monopoly, in this game where you buy property, shares and businesses. As a simulation, you learn valuable lessons and gain priceless insights into personal finance, business and investing without having to put your actual money at risk. This tool will transform the "money mind-set" of anyone who plays, whether they are new to financial information, or seasoned investors.
<Yes we did win at Adrian’s last event & our strategy was saving first, speculating on the share market & then purchasing a block of units which was according to the card ‘cashflow positive’. Our occupation card was a ‘nurse’.
As we were on the way to the game we spoke to Don who has apparently has saved his employer by his estimates 1.5m that a project manager would have charged. Don commented that where he has been working is under two body corporates. The shop & business body corporate has not enough funds in its ‘sinking fund’ to pay for the necessary work required after the flood.
The day before Tony who owns a bedroom unit in Spring Hill commented he had taken over as chairman of his body corporate. As that body corporate also had insufficient sinking funds then each unit owner is being asked to front up with 13,000 for each of the next 3 months. i.e. $39,000. As owners have complained Tony said ‘sell or go bankrupt’.
The cashflow game might suggest that then is the time for you to purchase as a distressed seller’.
The game might suggest that purchasing these ‘cashflow positive’ properties that we hear advertised today might be an error.
They are only cashflow positive as the governments are subsiding with about $110,000 over 10 years.
We wonder if in any projections by the developer there is any mention of ‘sinking funds’. Don suggested that many developments use a generalized sinking fund projection & not one for the specific block.
What does funding sinking funds do to your cashflow?
We will bet that there is no tool for sinking funds on the regulators site. How useful is that when a huge percentage have been attracted to cashflow negative property!
We also read this week that about a quarter of baby boomers aged 55 to 59 still have mortgages.
We find this amazing & wonder at the banks’ lending the money. The Banks must expect the mortgagees to work to they are 80.
Will the regulator look at the advice banks have provided to these boomers. Everyone seriously needs to look at their ‘mindset’ & their cashflow.
Enough!
We offer you and or your family the opportunity to learn to play the cashflow game.
Lets learn what Richard defines as an asset. Lets learn about building assets & improve your passive income.
We run games here every 3rd Saturday of the month from 9.30am until lunchtime.
You are welcome to call on 3848 1088, email us or book on our website. John McAuliffe
an amazing result
Good morning all,
As you are all aware our VIP Launch for Residences at Chatswood occurred over the weekend.
In an absolutely amazing result we sold 280 of 293 apartments in just eight hours on the Saturday with unprecedented demand from local and overseas purchasers.
As of this morning we have sold the remaining twelve apartments and now just one penthouse remains.
The good news is that given the result over the weekend the launch of stage two, the Grand building, is likely to be earlier than the expected September 2011 release date. We will keep you informed as more information comes to hand.
Congratulations to those who ha clients successfully secure an apartment or apartments in the first stage.
Kind regards,
As you are all aware our VIP Launch for Residences at Chatswood occurred over the weekend.
In an absolutely amazing result we sold 280 of 293 apartments in just eight hours on the Saturday with unprecedented demand from local and overseas purchasers.
As of this morning we have sold the remaining twelve apartments and now just one penthouse remains.
The good news is that given the result over the weekend the launch of stage two, the Grand building, is likely to be earlier than the expected September 2011 release date. We will keep you informed as more information comes to hand.
Congratulations to those who ha clients successfully secure an apartment or apartments in the first stage.
Kind regards,
What do you do?
What do you do?
Clive has asked us to provide the WIFM, the What’s in it for you? Or what is also known as the ‘elevator Speech’. I.e. explain what we do in the time we are in the lift.
We read in the Courier Mail today Soaring house prices may spark mortgage crisis
And again today House prices 'too high for cops, teachers' | The Australian
then 30+ % of Australians have a serious financial challenge on their hands.
They are as the recent floods have shown only a week or two away from real financial stress.
Very simply the traditional approach flogged by banks, governments, real estate agents & mums is due to topple over.
What direction can you go when we also read this week Australian home prices the world's most overvalued: The Economist | The Australian
There needs to be another strategy to help you escape the ‘rat race’.
The average battler say the above teacher & cop might be on 80,000 say
His taxx is 17,550 which leaves 62,450.
His mortgage of say 350K @ 7.25% interest only say is 25,375
Which means the family lives on not much
i.e. 37,075 which is reflected on their credit cards as a 15,000+ Dr.
Thus the spouse needs to earn 20K+ gross to support the image that they want.
We can change all those numbers but the result is still the same.
There must be a better way & there is if there is a wish & 25% + equity & a savings capacity of $10 per day & time to do so.
I.e. there is a strategy to have ‘the taxx man subsidise the debt’ over time without reducing but defining lifestyle. As required by everyone from the client to the regulators there is full transparency.
We have been coaching clients & monthly monitoring their cashflow since 1994 & in financial services since 1984.
We believe that we ‘are Not your average financial planner’ as we have 27 years of financial wisdom & cynicism to offer you. As an ex math’s teacher we are keen to help solve your financial problem. E.g. Mal has children younger than his grandchildren.
We are here to coach those so that they don’t waste 15K to 100k in taxx, so that they do have the option to retire in their ‘fatigued fifties’ to travel to the ‘view of the world’ if they wish.
Remember you need 1,000,000 to have in capital outside the house if you are not to 'live like a refugee'
You are welcome to call on 07 3848 1088 or email or visit our websites for a free meal to ‘break bread’.
You are welcome to learn ‘the cashflow game’ which we also run.
John McAuliffe
Clive has asked us to provide the WIFM, the What’s in it for you? Or what is also known as the ‘elevator Speech’. I.e. explain what we do in the time we are in the lift.
We read in the Courier Mail today Soaring house prices may spark mortgage crisis
And again today House prices 'too high for cops, teachers' | The Australian
then 30+ % of Australians have a serious financial challenge on their hands.
They are as the recent floods have shown only a week or two away from real financial stress.
Very simply the traditional approach flogged by banks, governments, real estate agents & mums is due to topple over.
What direction can you go when we also read this week Australian home prices the world's most overvalued: The Economist | The Australian
There needs to be another strategy to help you escape the ‘rat race’.
The average battler say the above teacher & cop might be on 80,000 say
His taxx is 17,550 which leaves 62,450.
His mortgage of say 350K @ 7.25% interest only say is 25,375
Which means the family lives on not much
i.e. 37,075 which is reflected on their credit cards as a 15,000+ Dr.
Thus the spouse needs to earn 20K+ gross to support the image that they want.
We can change all those numbers but the result is still the same.
There must be a better way & there is if there is a wish & 25% + equity & a savings capacity of $10 per day & time to do so.
I.e. there is a strategy to have ‘the taxx man subsidise the debt’ over time without reducing but defining lifestyle. As required by everyone from the client to the regulators there is full transparency.
We have been coaching clients & monthly monitoring their cashflow since 1994 & in financial services since 1984.
We believe that we ‘are Not your average financial planner’ as we have 27 years of financial wisdom & cynicism to offer you. As an ex math’s teacher we are keen to help solve your financial problem. E.g. Mal has children younger than his grandchildren.
We are here to coach those so that they don’t waste 15K to 100k in taxx, so that they do have the option to retire in their ‘fatigued fifties’ to travel to the ‘view of the world’ if they wish.
Remember you need 1,000,000 to have in capital outside the house if you are not to 'live like a refugee'
You are welcome to call on 07 3848 1088 or email or visit our websites for a free meal to ‘break bread’.
You are welcome to learn ‘the cashflow game’ which we also run.
John McAuliffe
We can't change what happened but we can change what happens next
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
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
Are you better prepared for future rainy days
Are you better prepared for future rainy days ahead as recent events would have shown up many weaknesses. It is important to learn from them so as we don't have the same consequences.
As the bestselling book 'The Black Swan' emphasized it is the rare event that produces a disproportionately large result.
We intend to see the film 'Black Swan' as that is a different story.
What the floods demonstrated here in Brisbane was the volunteers were all ready with their gumboots & gloves & any tools to go and help others in need. Did they need any encouragement from big government? They all contributed to the various flood appears but will they do so again when they are asked to do so again with a levy or is it a taxxa>.
There has been some useful articles after the event that have suggested what could have been done before the floods. It certainly struck us why were there generators in the basements [except the AMP gold tower] & how do you charge a mobile phone if the power is switched off?
There are useful comments from Peter Skinner a UQ professor on floodgates & valves on drains that make sense & we wonder if these solutions had been discussed in the last 10 years.
The simple levees that Peter suggests makes far more sense than the 0.5% levy that the Red Queen suggests. Since when has a government removed a taxx once it is on. We know that the average battler needs that 400+ to keep their heads above the financial waters.
This is all part of risk management as all good plans protect the downside. Risk management means now all have the camping stove & generator & baked beans & bourbon ready for the next black swan event.
If it is financial where is that 5K+ cash or silver coins.
It means as neighbour Paul had as we write a compression bandage for the snake bite on his daughter's hand. Damian stated he had one in his glove box.
it means we have a computer backed up & our logins & passwords easily found.
Chris rang us this week to determine if he could access his super. Good luck Chris as generally you need to be on Centrelink for 26 weeks before you can apply for a release.
HMC suggested that we should all have that 5K+ in the PVC pipe which we trust hasn't floated away as Chris's car did.
The lightweights came out with a paltry amount for those in need & of course the heavyweights came later to validate any claims. These payments were only income tested as even they realised that many assets were now worth very little.
Unfortunately many are now under water financially as their debt is above their equity.
The light weights came out to heavy the insurance companies. Insurance is only part of risk management. However those who listen to the direct marketers or do themselves usually have only one measure i.e. cost to compare policies. The cost is dear & one reason is the inefficient state stamp duties on them . They were supposed to have been replaced by the GST. If the average 8-10% that states use for their own purposes was removed then maybe more could take out such. Yes we will agree that wordings need to be better defined or plain English. We received on our policy renewals in December the documents to read so there is no excuse for those who don't read them.
We had calls on 07 3848 1088 from 'Derik' & Paul & others in January who have made New Year's resolutions & want to act on them. They are aware that they could be more efficient at what they do.
We observe as we exercise watching the tennis that all players have coaches. We enjoyed 'The Kings Speech' last week with the theme that the King George VI had an Aussie speech therapist with every speech he made.
Nothing is ever as simple as it looks we commented today & finances for many are a struggle.
We are here to coach the willing so that they are have a home paid off & the black swan events don't wipe them out.
We are here to help those who don't want to sell their home if they move into a nursing home.
We are here to help 'Derik' pay off his mortgage years early & fund for Sophia's education.
We are here to help on 07 3848 1088 or
As the bestselling book 'The Black Swan' emphasized it is the rare event that produces a disproportionately large result.
We intend to see the film 'Black Swan' as that is a different story.
What the floods demonstrated here in Brisbane was the volunteers were all ready with their gumboots & gloves & any tools to go and help others in need. Did they need any encouragement from big government? They all contributed to the various flood appears but will they do so again when they are asked to do so again with a levy or is it a taxxa>.
There has been some useful articles after the event that have suggested what could have been done before the floods. It certainly struck us why were there generators in the basements [except the AMP gold tower] & how do you charge a mobile phone if the power is switched off?
There are useful comments from Peter Skinner a UQ professor on floodgates & valves on drains that make sense & we wonder if these solutions had been discussed in the last 10 years.
The simple levees that Peter suggests makes far more sense than the 0.5% levy that the Red Queen suggests. Since when has a government removed a taxx once it is on. We know that the average battler needs that 400+ to keep their heads above the financial waters.
This is all part of risk management as all good plans protect the downside. Risk management means now all have the camping stove & generator & baked beans & bourbon ready for the next black swan event.
If it is financial where is that 5K+ cash or silver coins.
It means as neighbour Paul had as we write a compression bandage for the snake bite on his daughter's hand. Damian stated he had one in his glove box.
it means we have a computer backed up & our logins & passwords easily found.
Chris rang us this week to determine if he could access his super. Good luck Chris as generally you need to be on Centrelink for 26 weeks before you can apply for a release.
HMC suggested that we should all have that 5K+ in the PVC pipe which we trust hasn't floated away as Chris's car did.
The lightweights came out with a paltry amount for those in need & of course the heavyweights came later to validate any claims. These payments were only income tested as even they realised that many assets were now worth very little.
Unfortunately many are now under water financially as their debt is above their equity.
The light weights came out to heavy the insurance companies. Insurance is only part of risk management. However those who listen to the direct marketers or do themselves usually have only one measure i.e. cost to compare policies. The cost is dear & one reason is the inefficient state stamp duties on them . They were supposed to have been replaced by the GST. If the average 8-10% that states use for their own purposes was removed then maybe more could take out such. Yes we will agree that wordings need to be better defined or plain English. We received on our policy renewals in December the documents to read so there is no excuse for those who don't read them.
We had calls on 07 3848 1088 from 'Derik' & Paul & others in January who have made New Year's resolutions & want to act on them. They are aware that they could be more efficient at what they do.
We observe as we exercise watching the tennis that all players have coaches. We enjoyed 'The Kings Speech' last week with the theme that the King George VI had an Aussie speech therapist with every speech he made.
Nothing is ever as simple as it looks we commented today & finances for many are a struggle.
We are here to coach the willing so that they are have a home paid off & the black swan events don't wipe them out.
We are here to help those who don't want to sell their home if they move into a nursing home.
We are here to help 'Derik' pay off his mortgage years early & fund for Sophia's education.
We are here to help on 07 3848 1088 or