This week I chat with long time listener to the podcast and reader of the GainingCHOICE email, Dan McCutcheon. Dan reached out to me recently sharing his wealth creation journey. I thought it would make a great case study and he kindly agreed to come on and share his experience.

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Last week in one of our progress meetings I was asked by a client a very sensible question "why is record-low unemployment a bad thing?"

His question arose from a news report that was attempting to explain the economic challenges currently faced and the concerns for 2023 and beyond. One of the explanations offered by the journalist was this "problem" of record low unemployment. But as my client observed, surely everyone having a job is a good thing. A totally reasonable assumption to make. So what's going on?

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If we're asked what sort of return should be expected from an investment over the long run the tendency is to rely on the long term average, or perhaps lean on the conservative side and round down a percent or two. The reality however is that from one year to the next there is a high level of variability in returns. Sure, given long enough they may well deliver that long term average that you see published, but in any given year your actual outcome can be vastly different, both positive and negative.

Sequencing risk recognises this natural variability in returns year by year.

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This week, we cover 3 different ways you could rapidly accelerate your wealth creation to help you to achieve financial independence.

For more from us, click here.

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Every major financial event is also a major psychological event. When you buy a home, change job or career, receive an inheritance, or retire. So this week I'm very excited to welcome psychologist Parris Davenport from Everyday Psychology onto the podcast to explore that intersection between psychology and money a little deeper.

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Links referenced in the episode:

Everyday Psychology

National Debt Helpline (1800 007 007)

Black Dog Institute

I'm sure you don't need me to tell you that investment markets around the world have been experiencing challenging times over the past year. Shares, bonds, and property, everything is down and there have been few places to hide.

So this week I wanted to consider what we could learn from past market declines. What can we take away to help us not only get through this current period, but perhaps even take advantage of the opportunities that might present.

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Today I'm speaking with Victor Huang Principal and Head of Investment Solutions with Milliman Australia.

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In this episode, we discuss franking credits, their purpose, and how they benefit you.

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I'm joined today by Evan Lucas. Evan has just released a beautifully written book Mind Over Money. It makes a great companion piece for our focus here at Financial Autonomy around gaining choice.

In this episode we talk about the impact your personality has on the way that you interact with money, the role of expectations, cultural differences and their impact on money decisions, and plenty more.

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With markets down at the moment due to interest rate increases, this week I explore how to keep calm when markets aren't doing what we'd like, and how to ensure you don't miss out on any potential opportunities.

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