Predictions and projections we make about money are always wrong. In fact, they are wrong from the minute they’re produced. So why do financial advisers use them, if they’re never right? In this episode, Michael and Dallas look at why projections are important, and how to use them even when we know they will be incorrect.

For more information please visit www.mo50.com.au

On average, we see a drop in company prices of about 30% every 5 years. If you’ve listened to us for a while, you’ll know we often talk about not panicking when this happens. But why is this important, and exactly how important is it? In this episode we discuss how not preparing for a drop in the share market is like not listening to the lifeboat drill on a cruise ship. Spoiler alert: it doesn’t end well.

If you wanted to lose weight, would you sit on the couch eating donuts, or have a salad and do some exercise? The answer is simple, yet many people don’t achieve their goals. Often, we want things to happen right away. This is instant gratification. And like losing weight, saving money and preparing for retirement is a long game. 

In this episode, Dallas and Michael discuss the difficulties of investing in the long term – and why some people succeed while others don’t.

What happens when your finances are on track and you’re getting your 8% rate of return? Is it time to spread your eggs and diversify further? Or perhaps buy a property? Is being invested in super really enough – and what if my fund goes broke? 

In this episode, Michael and Dallas discuss these questions in relation to those close to retirement.

For more information, please visit www.mo50.com.au

Do you remember when Mcdonald's ice cream cones were 30 cents? Dallas and Michael certainly do. But if you were to go and buy one today, you’d be handing over 75 of your hard-earned cents. 

In this episode, Dallas and Michael discuss how bigger expenses in life (though potentially less enjoyable than a Maccas soft serve cone) go up with inflation, and exactly what this means for you and your retirement planning.

For more information, please visit www.mo50.com.au

We've all had a stock tip for some speculative company before, with some being winners and some losers... But should we be basing our retirement strategy on this? 

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In financial planning, it is almost impossible for you to be absolutely precise in what the future will look like. For example, there is no way to figure out what inflation will be each year in the next 10 years. However, we do know that it will likely increase, therefore, we must include this in our calculations to help prepare for the future. You will never be exactly right, but heading in the right direction using the information at hand is absolutely important.

For more information, please visit www.mo50.com.au

When it comes to living a long life, eating healthy is one way to help make that happen. However, it does not guarantee that you will not get sick or become a victim of an unfortunate event. Saving money and making the right financial decisions is similar to this, as there is never any guarantee that something might not happen in the future to derail your plan. Even though this is the case, giving yourself the best opportunity for positive outcomes can still pay off! 

For more information, please visit www.mo50.com.au

Volatility is a natural occurrence when it comes to investing, especially when invested in companies. We know that if you want to achieve long-term positive returns, you will be met with short-term volatility. You must accept and embrace the knowledge that a drop of 50% WILL happen; it's a matter of when not if. 

For more information, please visit www.mo50.com.au

Some listeners to the podcast will tend to think of money as either a safety blanket that can protect us from the dangers of the world, while others may think of money as something that is unreliable. It can become hard to manoeuvre when each member of a couple sit on the opposite sides of these conflicting thoughts, or an individual is stuck with these conflicting thoughts internally.

For more information, please visit www.mo50.com.au