Displaying items by tag: preretirement planning

Living happily ever after — in a rented house, maybe

At a recent business conference the presenter, a young speaker from Generation Millennial, made some insightful comments about changes he saw occurring in Australian - the rise of the sharing economy (ride sharing, home sharing and job sharing) and how these new approaches to ownership were changing the way people thought about traditional forms of ownership.

Some interesting insights I thought.

He went on to list emerging business examples of the new sharing and rent-on-demand economy including renting music through Spotify, accessing movies on demand from Netflix, renting a community car (or van) from the Car Next Door and renting movies online direct from YouTube.

Add to this ever growing list of rentables the prospect of renting a driverless car in the future and it was a great high level presentation; all until he made the rookie mistake and said,

‘So what's the point of owning a house today, when I can just rent one or rent an Airbnb whenever I want?’

Boom!

With that potentially naïve comment to a room of financial advisers his presentation fell off a cliff into irrelevance, all because he didn't understand the place family home ownership holds in the Australian economy.

Published in Blog

Do you still have Adult Children living at home?

It might be cultural, it might be essential, but it shouldn't put your ability to retire at risk.

If you have Adult Children still living at home with you while you’re getting ready to retire, have you ever thought about how much money that costs and the effect it will have on your retirement savings?

Published in Blog

Are you feeling sandwiched between looking after your adult children and elderly parents?

Maybe you find yourself facing financial demands from both your own young family and older family? You're not alone.

Welcome to the life of the Sandwiched Generation.

Published in Blog
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