On our South American backpacking honeymoon, Mrs DebtMan and I wrote an email from a Bolivian internet cafe with this subject line: “Tear gassed in La Paz!” The student peasants … Read More “Aussies love to travel, but what does it mean for your budget and your investments?”
All posts by Bruce
Your SMSFs June 30 checklist
PORTFOLIO POINT: The All Ords punching through 5000 points shouldn’t distract SMSF trustees from what’s important – making sure your super fund is shipshape for June 30. It felt almost … Read More Your SMSFs June 30 checklist
What was the best piece of money advice you ever received? Who was it from and how did you use it?”
There’s been loads! Where did they come from? Everywhere! Billboards, books, Buffett and Bullmore. From adapting the Nike theme (“Just do it!”) to my personal finances, to the classic truism … Read More What was the best piece of money advice you ever received? Who was it from and how did you use it?”
My wishlist for super in the budget
PORTFOLIO POINT: Wayne Swan is bunkered down in Canberra writing his third Budget. Here’s what Eureka Report wants from the Treasurer next month. This time last year, few would have … Read More My wishlist for super in the budget
“Some people gulp down their Easter chocolates while others make them last for weeks. What do these behaviours say?”
This is a question about “delayed gratification”. It’s not Jung, Freud or Pavlov! It’s Walter Mischel! The guy who did the fascinating (but probably nowadays illegal) “marshmallow experiment” on Generation … Read More “Some people gulp down their Easter chocolates while others make them last for weeks. What do these behaviours say?”
Taxman warns on contributions
The small, small world of self-managed super fund legal eagles sounded like a henhouse with a fox loose yesterday when news broke of the sternest of Tax Office warnings. The … Read More Taxman warns on contributions
We’ve heard the cliche that opposites attract. How do you manage your money when a spender teams up with a saver?”
Opposites? You mean like Demi Moore and Ashton Kutcher? Sir Paul McCartney and Heather Mills? Or like my wife and I? Whether it’s business, personalities or money, the most successful … Read More We’ve heard the cliche that opposites attract. How do you manage your money when a spender teams up with a saver?”
Cooper targets super back-office waste
PORTFOLIO POINT: Jeremy Cooper claims he can make or save super members and employers about $12 billion in 10 years with just two sensible changes. “Razor gang” is a largely … Read More Cooper targets super back-office waste
“Lending money to friends and family can be dangerous. How do you ask for it back?”
You don’t ask for it back. First, you send them a toenail via Australia Post … then you make it known that you’ve got other friends who were pallbearers at … Read More “Lending money to friends and family can be dangerous. How do you ask for it back?”
Super gearing here to stay
PORTFOLIO POINT: Geared super can unpack its suitcase and settle in for an extended stay – with more protection for trustees and members. The super gearing rules that were introduced … Read More Super gearing here to stay