Reading Time: 1 Minute Hey everyone, I thought I would share a very simple and easy way to build your retirement savings here in Australia, and that is salary sacrificing! Retirement might be far away for many of us, but at the end of the day – it’s still our money. So have a watch of what’s involved with salary sacrificing into superannuation. Transcript: Today’s video is on 1 quick and easy way to maximize your retirement earnings, and that is on salary sacrificing. What is salary sacrificing? Salary sacrifice is when you agree to receive less income before tax, in return for your employer to provide you with benefits…
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How Much Super Do I Need To Retire?
Reading Time: 3 Minutes What is going ON people! Apologies for being slightly AWOL as I was pre-bloody-occupied. With what? Being busy, busy, BUSY OK??!! Ahem. Sorry, sorry. Calm TheFrugalSamurai, calm. “Takes deep breath”. So guys, today I wanted to discuss that pivotal question on every man, woman and child’s mind… How much do I need to retire? The answer is… it depends on the type of tyre, its current wear and tear and whether it can be rety… ohhhhh. Wait. How much? This much. “Spreads arms wide open”. No really, it’s this much: I got this from The Association of Superannuation Funds of Australia (link here). ASFA as they…
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Superannuation 101
Reading Time: 4 Minutes What’s up everyone! Hope we are all having a good week. Much better for yours truly, thanks for asking. BOO-YAH, I knew it’d be a better week when on Monday, a whole bunch of us got together for an impromptu but QUALITY dinner. Like $65 all-you-can-eat top of the range Japanese BBQ quality. DAY-AM. Let’s see, my friend Light Beam was there (the future Australian Treasurer), Bubu (the most handsome of our group) and Bugzy (another EN-TRE-PRE-NEUR, guy’s got 3 online businesses on the go, jayzuz). So of course, as expected the conversation was free-flowing and top notch (just like the meat yum, yum). Actually, I…
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An Example of the Power of Compound Interest…
Reading Time: 4 minutes Hola! How’s it going ladies and gentlemen? Are we all enjoying our Wednesday night! I know, I know – there’s not too much to do on a Wednesday right. Seems like hump day is just a prelude to “getting it over with” and waiting for TGIF. But you know, there’s so much more to what can be achieved each passing day. Never underestimate the power of compound interest and incremental changes! Here, take this example I was discussing with my work colleagues today. Now, a bit of background – we work in financial services within a fairly large institution. One might even call it a “bank”,…
