Welcome to Finance and Fury

Today we are continuing from last week, and going through strategies to fit your goals. Some bad news… The workbook will be released next week because there are a few pieces missing, as it doesn’t achieve what I wanted it to. So as a DIY template, I didn’t want to put out something that could be misinterpreted. There will be a special episode for the workbook and putting all of these episodes together. So look forward to that. Today we will cover the strategies that form part of a plan

Factors that influence each:

  1. Goals – long term and short term
  2. Risk profiles – target asset allocations
  3. We have done a few episodes on these

Investment plan – short term:

  1. Cashflow – the building block for achieving short term goals and long term wealth
  2. Strategies for this? Reduce spending, monthly savings plan, repaying personal debt, home deposit, and reducing tax. These are specific to you.

Investment plan – long term:

  1. Some hybrid options – building wealth, reducing tax and leverage
  2. Some overlaps between categories/outcomes

Building Wealth:

  1. Monthly investing – is for the long term if you have a financial independence goal
  2. What do I need to focus on?
  3. Lump sum investments – Property, Shares and Managed Funds
  4. What are the considerations? What are the costs?
  5. Leveraging for non-property investments – Equity borrowing and Margin loans
  6. What is dollar cost averaging?
  7. Superannuation strategies – consolidation, growth asset allocation, reducing asset allocation closer to retirement, making salary sacrifice, non-concessional contributions
  8. What do your insurances within superannuation cost?
  9. What do you do if you’re within 5 years of retirement?
  10. What is a co-contribution?
  11. Debt repayment – Mortgage and Investment debt
  12. What are the opportunity costs?
These will be run through in the strategy workbook next week – today was a quick run through

Investment plan example – Mine:

Cashflow:

  1. Paying myself first
  2. Spending vs investing – opportunity costs considered today
  3. Holding reserves in cash for when I need it, for when the market is down and so I don’t need to sell investments

Wealth Accumulation:

  1. Investing in long term growth investments – 30% index funds and 70% active funds
  2. Making monthly investments – superannuation and personal investments
Thanks for listening today, sorry about not having the workbook today but it will be ready by next week. Where we will run through it and wrap up the last few weeks of Monday episodes. If you liked the episode, let me know on iTunes with a review or send me a message on the website here.  

Episodes to check out:

How do I make an Investment Philosophy? – https://financeandfury.com.au/how-do-i-make-an-investment-philosophy/ How do I make an Investment Strategy? – https://financeandfury.com.au/how-do-i-make-an-investment-strategy/ Find and Forge your own path – https://financeandfury.com.au/say-what-wednesdays-want-to-know-how-to-make-the-most-of-your-money-find-and-forge-your-own-path/ The Perfect Investment mix – https://financeandfury.com.au/perfect-investment-mix/ Goals for the New Year – https://financeandfury.com.au/goals-for-the-new-year/  

What Central Bankers may do in the next financial collapse, if there is ever going to be one!

Welcome to Finance and Fury Today – going to cover the Central banking playbook in the next crisis – If there is ever going to be one! Today – was doing some reading so will have a look at some comments from key central banking figures over the past few years – and...

How much do you really know about cash and how it works?

Episode 26 How much do you really know about cash and how it works? In this episode we discuss Cash. We will run through what type of asset it is, how the currency system works, and how it can be manipulated! We also discuss: The good old days of the Gold Standard...

Global Infrastructure plans in the name of climate change – Why then are the recommendations focused on changing Government accounting practices and risk-measures, along with opening the floodgates for redistribution spending?

Welcome to Finance and Fury, The Furious Friday Edition   Today – SDG9 - How infrastructure spending helps an economy - Anyone who knows basic economic and GDP has learnt that Infrastructure spending leads to GDP growth – so the theory says – Very hard to measure...

The Government’s war on cash and personal freedom continues with the introduction of the Currency (Restrictions) Bill 2019!

Welcome to Finance and Fury In today's episode, I thought it was important to cover Currency Bill - Might have seen in the news – headlines about the $10k transaction – Currency (Restrictions on the Use of Cash) Bill 2019 – what we are talking about – had first round...

We’re addicted to easy hits of dopamine, and it’s impacting our ability to build wealth

Episode 22 We're addicted to easy hits of dopamine, and it's impacting our ability to build wealth Today we will talk about the fundamental principle of being wealthy. It’s very basic, and, if you get it right, you will start to accumulate wealth…which is the whole...

What are Commonwealth unfunded superannuation liabilities and who do these benefit?

Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Douglas: “Long time listener of your Podcast and it has great insights and thought-provoking ideas. Can you dive deeper in to who are the beneficiaries of the Future Fund from...

Making money from shares; ratios, prices and what to look for

Episode 4 Making money from shares; ratios, prices and what to look for. Welcome to Finance & Fury! ...Is it better to actually make money or take money? Today we'll be discussing whether it's better to actually cooperate with companies or compete with them, and...

Why the Australian Share index is so reliant on just 5 companies and the risks that this brings

Welcome to Finance and Fury Today we are discussing the concentration risk Last week – how the modern banking system acts like dominos failing– Due to their liabilities and obligations to one another this week – look at the other side of the balance sheet – Which is...

Property Boom, or Doom and Gloom? Understand property bubbles and crashes so you can stop being freaked out by the media

Say 'What' Wednesday Property Boom, or Doom and Gloom? Understand property bubbles and crashes so you can stop being freaked out by the media This week’s Say ‘What’ Wednesday is from my friend Adam. We were talking on the weekend about Harry Dent’s recent visit He...

Are sectors of the US share market in financial bubble territory?

Welcome to Finance and Fury. Are sectors of the share market in a bubble, one in particular that comes to mind would be the US tech sector. There have been many bubbles in financial markets throughout history – if enough excitement is generated around some new asset,...

Pin It on Pinterest

Share This