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537 | Is Your Super Enough to Retire On? The Top 5 Finance Questions – Answered!

Ever Googled a finance or money management question and felt more confused than before?  

We know the feeling! 😨 That’s why, in Ep 537, we’re continuing our series on the internet’s most searched questions, this time homing in on your top finance and money management questions. 


Here’s what we cover…

How Much Super Do You Actually Need to Retire? 💡
We’ll break down exactly how much you need for a comfy retirement—whether that’s $2,000 or $3,000 per week! 

Is a High-Interest Savings Account Worth It? 💸
Discover exactly when a High-Interest Savings Account does and DOESN’T make sense for you. (For mortgage holders, there’s a smarter choice!) 

Does Your Credit Score REALLY Matter in Australia? 📈
Find out precisely how your credit score impacts everything from loan approvals to interest rates—and learn how to boost your score. 

What is Debt Recycling (Is it a smart strategy?)? 🔄
Learn the pros and cons of debt recycling and if it truly can accelerate your mortgage repayment and wealth creation. 

How does Compound Interest Work and Why is it So Powerful? ⏳
How did “interest on interest” make Warren Buffett billions? We’ll reveal how and and explain the fundamental “Rule of 72”.

PLUS, Ben covers the critical rental law reforms in NSW & VIC that investors and renters need to understand in “What’s Making Property News.” Stick around until the end!  


Free Stuff  

  • FREE WEBINAR: How to Retire on $3K a week
    Tuesday 25 March, 7:30pm AEDT
    In this exciting session, we’ll walk you through the strategies and money management set-up you need to achieve this goal. Reserve your seat now! 
  • Smart Money Management with Moorr:  
    Supercharge your savings with Moorr—our powerful app that helps you track, save, and grow your finances seamlessly! Create a free account or log in today!  
  • Free Book: Make Money Simple Again
    Discover our proven rules-based system that’ll show you how to improve and maintain a healthy credit score—making your financial life simpler!   

 

Timestamps  

  • 0:00 – Is Your Super Enough to Retire On? The Top 5 Finance Questions – Answered! 
  • 2:30 – Footy season is starting… 😉 
  • 3:44 – Join the waitlist for our third book to unlock bonuses 
  • 4:25 – FREE WEBINAR: How to Retire on $3K a Week!  
  • 4:55 – Mindset Minute: “If you did not come from a wealthy family, make sure a wealthy family comes from you!” 
  • 7:09 – Q1) How much super do you need to retire?  
  • 7:47 – What is the Rule of 25?  
  • 11:19 – Why it’s not a question of “if”   
  • 12:46 – The 3 investment strategies  
  • 13:49 – How much wealth do you need?  
  • 15:43 – Our verdict: The investing combination for a comfortable retirement  
  • 19:10 – Q2) Should I get a High Interest Savings Account (HISA)?  
  • 21:30 – Who is it good for?  
  • 22:10 – Your high-interest savings account checklist  
  • 24:05 – If you have a mortgage, THIS is a better set-up…  
  • 25:52 – The options for different scenarios  
  • 28:09 – Q3) Does credit score matter in Australia? 
  • 30:35 – EXPLAINED: How is credit score calculated?  
  • 31:12 – Websites to check your credit score 
  • 32:30 – The red flags which determine your score 
  • 35:05 – How an investment-savvy mortgage broker will make a difference to your credit score 
  • 37:51 – Be warned! Banks don’t like “transient bank users”  
  • 39:13 – How to improve your credit score: Primary accounts, credit limits, and more 
  • 41:09 – Credit score ranges & what they mean 
  • 42:35 – The book that’ll help you maintain a good credit score!  
  • 44:42 – Q4) What is debt recycling?  
  • 46:37 – Are these revolutionary strategies?  
  • 48:18 – Example: You’ve got a $50,000 mortgage  
  • 49:40 – When this strategy works (and when it doesn’t!)   
  • 51:49 – The pros & cons 
  • 53:41 – Q5) How does compound interest work and why is it so powerful? 
  • 54:34 – Why Warren Buffett’s autobiography is called Snowball 
  • 55:28 – Asset selection is still critical!  
  • 56:34 – $10,000 at 7% compound interest: What’s your return?  
  • 58:48 – The Rule of 72  
  • 1:00:31 – Key takeaways  
  • 1:02:05 – Warren Buffett’s wisdom  

And… 

  • 1:04:20 – Lifehack: Distraction or disruption?  
  • 1:08:47 – WMPN:  NSW’s changes to rental laws 

 

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