Andrew

You know me, I'll go as fast.

What year did you say?

I forgot already.

And then maybe we'd probably do one in kind of year – how long does the graph go for?

Oh, good.

Yeah, so let's do 11 or 13.

And just one thing I would point out, as someone that works with clients all the time, one thing that I often get asked is, okay, well, why would you buy something in 13 years' time if I'm retiring in 20 years' time or 15 years' time?

So I don't have a lot of time left.

before I retire.

Well, you don't have to sell everything all at once when you get to retirement.

And one of the cool tools that we're working on in the background is a tool to show people how if they sell their assets over a number of years rather than all at once on their 65th birthday or the 60th birthday when they want to retire, they'll have a lot more money and it can have quite a meaningful impact because of the power of compounding growth.

Yeah, so say you do have a $30,000 credit card limit.

The bank will acknowledge that.

Great, $30,000 limit.

As far as your balance, let's say that you pay it off in full every month and so you don't actually have any debt at all lowing on it.

Well, the bank doesn't actually look at it that way.

They say, yeah, but Ed, you could go out tomorrow and buy Angela something really nice for $30,000 and the minimum payments on that are 3%.

So therefore, we're going to take out a 3%.

We're going to assume you've maxed out your credit card at any time and take a 3% amount off that in terms of repayments every month.

Yeah, this is one particularly when it comes to, you know, if you work out on the back of an envelope or even a spreadsheet, you think, okay, my loan's 600 grand.