But wait... there's less!

Will we be OK in old age? How much will we have? One of the great things about living in Australia is superannuation. Our employers are required to pay into an investment account for our retirement. In recent times, my wife and I have been in several conversations with friends who are wondering (or worried) if their balance will be enough. That's what inspired this article. Great question It's a great question to ask, especially around the age of 35 to 40. At that point, old age is less of a distant abstract concept. It's becoming a medium-term reality. At 35 the number of years of living off super is possibly more than half of your remaining years. At 40 you may consider yourself about half way through your working life. Looking at your balance, it's easy to think that twice that balance may not be enough.  Read on, because I have good news for you. It's better than you might think As I've mentioned in earlier posts, compound growth means the investment grows f...

Yes, by now we all know that smartphones and social media are doing us harm. How do we harness the benefits of them without the destructive effects. The book Offline makes 5 main points. If you've only got a minute, here they are: The addictive design keeps us on online platforms longer. The 'brain hacks' disrupt our brain's ability to function. Humans need "real" interaction, and social media does not deliver this. Technoference (digital over-riding direct interactions at the play ground, coffee shop, dinner table) result in something valuable being lost. Speed of the transformation is astounding. 75% of people are connected, with almost half using social media. We have no idea what the long-term effects of this real-life experiment will be. Going a bit deeper, here are some of my highlights from the book. So what are side-effects? According to various studies, the effects can be grouped into the physiological (poor sleep, neural re-wiring, and increased str...

That's the slogan of one company providing an alternative to car ownership. Here's our experience with them. Why not just have our own car? Another time I'll write a full post about that, but suffice to say that car ownership is a pain in the neck. The servicing, the maintenance, the repairs, the parking, the traffic, the registration, the insurance, the cleaning... For my wife and I, about 98% of our transport needs can be done on foot, by bike, by train, bus or ferry. Maybe 99% if you include rideshare. So we choose to avoid the pain (and cost) of car ownership. However, car use (I think of it separately from car ownership) can be handy in certain situations. We had one of those situations last weekend. Here's how it went. Booking a car My wife signed up for GoGet , and booked the car online for the time window she needed it. As a first-timer, she received her little membership card in the mail. On the day of the booking, GoGet sent her a reminder email about 20 minut...

Here in Australia, there's a new TV show -- Space Invaders. The expert team visits ordinary families and help them declutter their home and improve their lives. Just one episode in and it's already a must-watch for me. Meet the Team "Declutter Guru" Peter Walsh is accompanied by renovation expert Cherie Barber and treasure hunter Lucas Callaghan. Their mission is to help households remove clutter, renovate the decluttered space and maybe find some treasures along the way. Episode one Empty-nesters Julie and Pete were in need of help. Julie's birthday presents lived on the dining table as there was nowhere for them to go. The spare room had barely enough floor space to walk in. The main bedroom was not much better. Pete's clothes were stored in the living room. Julie herself admitted "each thing I recognise and love - but as a whole it's just become a bit of a mess" . So what did they lose? Julie's nine racks of clothes were reduced to three. ...