EP3 | Australia... The Lucky Country?

08/08/2023 45 min Temporada 1 Episodio 3

Listen "EP3 | Australia... The Lucky Country? "

Episode Synopsis

In this episode, John and Allan talk about something deeply personal… the reality of retirement poverty that most Australians are facing if they don’t take action and why this is a particular risk for migrant families.
The big picture statistics are scary enough: two-thirds of Australians retire on some form of pension and Australia currently holds the 2nd highest levels of retirement poverty of OECD nations. When we zoom in from the numbers and take a look at the personal stories of people who are affected, however, the reality is a lot uglier.
Sharing stories from their own families and clients they’ve been privileged enough to help, this episode is all about emphasizing the need for awareness and education about money management and investing to avoid the grim reality of retirement poverty. They stress the importance of taking action early and dispel the misconception that a good job alone can guarantee financial security. 
They further discuss the various investment options available and focus on property as a stable and relatively passive way to build wealth. They emphasize the importance of understanding one's financial situation, along with taking stock of your beliefs and long-term goals. Drawing from their experiences as kids from migrant families, they encourage listeners to empower themselves with knowledge and take the necessary steps to secure their financial well-being. 
This episode is here to help you take charge of your financial future, be aware, act early, and take the steps to build your wealth for a comfortable and secure retirement!