All posts in the Financial IQ category

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8 Steps to Achieve Financial Freedom in Australia

The holy grail of most people’s wealth-building goal is to achieve financial freedom.

Financial freedom, or financial independence, is the status of having a dependable cash flow to pay your living expenses for the rest of your life without having to be employed or dependent on others.

Just about everyone wants to achieve financial freedom – so how comes only a small percentage of us get there?

Well, when it comes to financial freedom, the name of the game is passive income. Also known as residue income, passive income is money earned without having to work a job.

Sounds like a nice theory, but…is it possible?

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Best Passive Income Ideas 2021

As a working professional in Australia, your ultimate dream in life is to build wealth that doesn’t eat up your time, and use it to do all the things you really love – retire early, spend quality time with your loved ones and travel the world.

Today I’m gonna let you in on a little secret – passive income is the solution to accomplish the work-life balance you crave for, and here are some ideas to help.

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Calculator: How much you need to retire comfortably?

When you can retire in Australia

You could retire at any time and any age in Australia, as long as you have sufficient income to support your ideal lifestyle.

For most of us, the most efficient way to achieve our retirement income goal is by building investment assets generating enough passive income. And you would need to find out how much net investment asset you need to have that kind of income.

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Guest publication in “Ask an Adviser” May 2020 edition

I get asked to write for Adviser Ratings in the “Ask an Adviser” section from to time to time, where anyone can ask a question and I will be answering them. This one was a question asked by a Kate from Fremantle about the positives of a pandemic. The original article was published here.

As a young person/mid lifer accumulating super and whose retirement is some way away…  What are the positives of this market fall and how can I ensure I am positioned to benefit from the growth post COVID 19?
Kate in Fremantle

Top answer provided by: Nicole Niu

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Guest publication in “Ask an Adviser” Apr 2019 edition

I get asked to write for Adviser Ratings in the “Ask an Adviser” section from to time to time, where anyone can ask a question and I will be answering them. This one was a question asked by a Toby from Sydney about the Barefoot Investor (ah~ another one!). The original article was published here.

I’m currently with REST super and I’m thinking of switching to Hostplus – are there any tax or insurance issues I need to be aware of before switching?

Toby from Sydney

Top answer provided by: Nicole Niu