Marc Bineham
speaker
467 appearances
1 recordings
1 series
first heard Aug 2022
last heard Aug 2022
Marc Bineham’s voice in public audio — every appearance, attributed to the second.
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Appearances
So that is when it's a bad debt.
But I also like to say,
Robert Kiyosaki wrote Rich Dad, Poor Dad.
And while it's a book of just basically stories and whether you believe it or not, he really does do a lot on good debt versus bad debt because it's what the rich really have been telling, teaching their kids to how to use leverage and buying using good debt to buy wealth.
properties and shares that will just grow over time, or having people renting them to will help pay off the loan against bad debt, which is, you know, I'm going to just use all my money to buy the biggest TV or whatever it is, when really, so understanding that good debt versus bad debt.
And there's plenty of stuff on the internet to explain how they need to go into a lot more detail.
But yeah, getting your cash flow right, getting understanding good debt versus bad debt,
And then the third is getting your super right.
Super animation is something that people just...
Don't bother about 80% of Australians are sitting in the default and it's usually the default balanced or life stages fund.
And if they actually did a little bit of research and looked at, and when I actually look at the returns over, say of a superannuation fund, I always look 10 years, at least seven to 10 years.
Cause that's a good indication.
One or two years is too hard because the share markets go up and down, but 10 years is good.
And again,
A balanced fund may have returned on average for most super funds around 9% or 10% on average.
Yes, there's been one or two bad years, but on average 10%.
A growth or high growth fund has earned 13%.
in most funds.
So you should look at that.
And that's just having more shares in your superannuation by choosing that.
Showing 381–400 of 467 · page 20 of 24
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