Thanks for the video. When I was younger a mentor Told me to think of investments as being the second job that keeps working 24/7. He said just keep supporting it and it will eventually contribute more that you can personally. Great snapshot. Thanks Irene
Considering I didn't complete high school, never owned a business, have no qualifications, only work 38 hours a week & im very lazy, I'm doing OK to get into the top 5%
Mindset and investing in self and financial education. Thanks Irene great content . I'm interested in your thoughts on TWU SUPER and performance in relation to the top performers and weather I should change to a better performer I'm in my late 50s . ❤
Hello 👋 Thank you for your TIME to watch! Morningstar has published a ranking of the mixed-assets (it looks like most of the investment options from TWU Super are mixed-asset options except CASH PLUS), you can find the free download with my markers with net return(after fees before inflation) here: beacons.ai/irenezhu/freedownloads I had a glance of the investment options of TWU Super, two things I observed 1. They are not directly managing their funds, instead they use 10+ fund managers (companies), to me it's an indicator that their fees would be high as they are actively managed & using third party 2. Take the high-growth option of TWU for example, the investment fee is 0.6% p.a plus transaction cost of 0.09% plus other fees. If we compare apple to apple (mixed assets) - Hostplus' Indexed high growth, investment fees are only 0.04% hostplus.com.au/members/our-products-and-services/investment-options/your-investment-options#tabs-38ab54c053-item-59187535f2-tab I have made videos about how to pick the suitable super funds ua-cam.com/video/U1yOTUqDczk/v-deo.html ua-cam.com/video/Hz9RIzhCjoM/v-deo.html Hopefully this helps!
Do you think the data on home equity is skewed by people with homes in Melbourne and Sydney? For reference, I live in a nice area of Perth and also have another property.
Financial stability does not depend on how much you earn, but rather on how you manage your spending. Happiness does depend on financial stability and does not depend on how much you earn. Otherwise, all high income earners are happy people which is illogical.
By those figures I am fortunate beyond most of the world’s wildest dreams, and believe me I am grateful, but I don’t feel wealthy. What does feeling “wealthy” even feel like?
Not surprised at all that 25% at above 65 years old have their super balance drop to zero. They don't have the discipline to save money all their life. Once they reach the super age, they spend it all. I get there are anomalies such as disabilities or supporting family with medical issues, but the normal healthy aussies have no excuse here. Even saving $50 per month for 45 years (normal working life duration) at 10% compounding interest will give them half a mil dollars. Don't tell me that you can't save $50/month.
I am on a disability pension 54years old.single....I was a cleaner...I belong in the low to typical level of household total assets.. roughly $600,000... thankyou... also I missed where Australia's average income was on the global scale...I saw USA being the 7th ..but didn't see Australia...how far down on the list are we?...just curious... cheers
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Great content, love the graphs and simple explanations - good motivation
Thanks for the video. When I was younger a mentor Told me to think of investments as being the second job that keeps working 24/7. He said just keep supporting it and it will eventually contribute more that you can personally. Great snapshot. Thanks Irene
That was well said by your mentor 👏
Thanks for being able to differentiate between average and median, does my head in when journalists confuse the two.
Statistics 101 😂
Thanks Irene. Great video. In the top 5% with property and super.
Good quality info. Thanks.
Considering I didn't complete high school, never owned a business, have no qualifications, only work 38 hours a week & im very lazy, I'm doing OK to get into the top 5%
The editing and info is on point. Where are all your subscribers??
❤ best video so far Irene !
Thanks 😄
Thankyou for explaining it easy to understand...😊
Glad it was helpful 😀 Thank you for your TIME to watch!
Great video, thanks for sharing
Mindset and investing in self and financial education. Thanks Irene great content . I'm interested in your thoughts on TWU SUPER and performance in relation to the top performers and weather I should change to a better performer I'm in my late 50s . ❤
Hello 👋 Thank you for your TIME to watch! Morningstar has published a ranking of the mixed-assets (it looks like most of the investment options from TWU Super are mixed-asset options except CASH PLUS), you can find the free download with my markers with net return(after fees before inflation) here: beacons.ai/irenezhu/freedownloads I had a glance of the investment options of TWU Super, two things I observed 1. They are not directly managing their funds, instead they use 10+ fund managers (companies), to me it's an indicator that their fees would be high as they are actively managed & using third party 2. Take the high-growth option of TWU for example, the investment fee is 0.6% p.a plus transaction cost of 0.09% plus other fees. If we compare apple to apple (mixed assets) - Hostplus' Indexed high growth, investment fees are only 0.04% hostplus.com.au/members/our-products-and-services/investment-options/your-investment-options#tabs-38ab54c053-item-59187535f2-tab I have made videos about how to pick the suitable super funds ua-cam.com/video/U1yOTUqDczk/v-deo.html ua-cam.com/video/Hz9RIzhCjoM/v-deo.html Hopefully this helps!
Thanks see you next week
Mindest and understanding how to build wealth.
Plenty of big earners out there with small net worth.
Must make your money work for you.
Well said!!
Do you think the data on home equity is skewed by people with homes in Melbourne and Sydney? For reference, I live in a nice area of Perth and also have another property.
Can’t believe the average super balance is so low.
Watched till end
I think the answer is mindset.
But rich parents is probably the main factor for net wealth?
my super balance is definitely at top 1%. Bought assets that grew over time
Are these figures including or excluding super?
When you take a super pension, it is not assessed as income for accounts under 1.9 million dollars.
Mindset and earning power.
I am somewhere in the lists.
Financial stability does not depend on how much you earn, but rather on how you manage your spending.
Happiness does depend on financial stability and does not depend on how much you earn.
Otherwise, all high income earners are happy people which is illogical.
Top 5% 🎉
By those figures I am fortunate beyond most of the world’s wildest dreams, and believe me I am grateful, but I don’t feel wealthy. What does feeling “wealthy” even feel like?
In my humble opinion, not been hungry, having your health ,not in a war zone, all Aussies need to see the 3rd world to appreciate what they have.😎
I watched to the end :)
👍
Not surprised at all that 25% at above 65 years old have their super balance drop to zero. They don't have the discipline to save money all their life. Once they reach the super age, they spend it all.
I get there are anomalies such as disabilities or supporting family with medical issues, but the normal healthy aussies have no excuse here.
Even saving $50 per month for 45 years (normal working life duration) at 10% compounding interest will give them half a mil dollars. Don't tell me that you can't save $50/month.
I am on a disability pension 54years old.single....I was a cleaner...I belong in the low to typical level of household total assets.. roughly $600,000... thankyou... also I missed where Australia's average income was on the global scale...I saw USA being the 7th ..but didn't see Australia...how far down on the list are we?...just curious... cheers
somwhere between 15-20th.
@@IreneZhu thankyou
Mindset I would say
Save and save over decades……
Interesting that you are female and mention a rich Dad. What about a rich Mum?
Because rich Mums tend to be stricter on passing the wealth to their kids 😅 heritage over inheritance
Top 1 (in my dreams) 🫠