HOW TO BUILD FOR RETIREMENT – Premium Finance Services
Everyone asks the question but very few people are prepared to do what it takes to make it all happen, Wealth does not come to you by itself, you have to actually do something to attract it. Maybe you could invest in the Lotto and make millions – ha ha – just joking. At Premium Finance we talk a lot about the power of compounding, the art of earning interest on top of interest. It was once stated by Albert Einstein, that “Compounding interest was the eighth wonder of the world”. That said, how does it really work? Here is a challenge. Imagine taking $20 per week and having that $20...
Read MoreTHE FIVE LAWS OF GOLD – Premium Finance Services
1)”Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.” – a) How much simpler can it get? ALWAYS PUT ASIDE 10%. Never say I won’t do it this week, I’ll just double it next week. That’s a formula for disaster. Here at Premium Finance we will show you how to take that 10% and make it work by utilising Law number 2 below. You earned the money, why shouldn’t you take your money out first before paying everybody else in life. 2) “Gold laboreth...
Read MoreDon’t Kid Yourself Mate!
I was talking with Michael about retirement which is a topic that most blokes in their 40’s begin to think about. Well Mick reckons he’s gonna retire at 55. I said that’s a great plan mate; how are you going to do that? Mick said “I’ve got me super and I’ve almost paid off me house”. I asked him, what do you want to do in retirement Mate? Mick said, “awe mate me and the Mrs are gonna go travellin’ to Europe, the USA, and we’ll go to Asia, NZ and we wanna see a bit of Australia too”. I asked how he could afford to do all that travelling as well as live. He said “With me...
Read MoreNo Guts, No Glory
Wealth is built up over time. In fact it requires many years of diligent investing to create wealth. The most difficult thing though is to do, to take the first step to invest. It takes courage to step out of your comfort zone and do something about your future. Rich people tend to be more courageous than poor people. Poor people tend to be more analytical than rich people! Wow, that’s a big statement isn’t it? I’m not talking about all the rich and all the poor. No I’m talking about those in society who you would describe as Joe Average. The average person out there...
Read MoreLaw of Supply and Demand
The Law of Supply and Demand exists in economics but it also exists in the natural world. If there is a demand the supply will come. If demand exceeds supply then the price will be higher. This occurs because of the industrious nature of the human condition to make money from an opportunity. This is a concept we are all familiar with but when it comes to supplying our needs for retirement we pay scant regard to the demand that our retirement years will have on the available supply of our own funds. If we fail to make adequate supply for ourselves supply may come but, it will be in the form of...
Read MorePremium Finance Services article bought to you by Matt, Relationship Manager
The nerves of home owners are certain to be tested tomorrow as official data on mortgages is released, sending a signal on the pace of future interest rate rises. The Reserve Bank of Australia (RBA) indicated twice last week that rates were more likely to go up than down as the chances of a recession diminish. The number of home loan approvals in Australia has surged since the central bank embarked on a dramatic series of rate cuts last year. Official housing finance data for June, due out tomorrow, is expected to keep growing, with economists forecasting a 1.8 per cent rise. This would...
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