Unit 16: Advanced Graduate Strategy:
- Always consider the size of the 'pie' and how to expand it.
- Remember difference between deferred savings and real savings.
- Building $20k may take awhile.
- No strategy to pay back margin loan repayments.
- Dependent on how investments perform against the interest.
- Keep conservative lifestyle.
- Borrow more to keep LVR at 33%.
- Borrow full amounts with parent guarantee.
- Place extra savings into managed funds.
- With strong savings home loan repayments can be repaid by investments.
- Early savings give a lot of flexibility in the future.
Unit 17: Retirement
- Not a good idea to pull out all superannuation.
- Be neutrally active by getting a part time job.
- Leave money in super environment, mainly for tax reasons.
- Keep things simple.
- Aim to receive 0% age pension.
- Asset and Income test change from year to year.
- Employ a financial planner 10 years before retiring.
- Any pension gets you a pension card, saving greater than $1000.
- Invest wisely and live off that.
- Establish will when I start working
- Re-evaluate once i get married.
- Intestacy can really destroy my distribution of wealth.
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