Superannuation or ‘super’ is money put aside during employment to fund retirement. This money is put into your nominated Super Fund and invested on your behalf with the aim of growing your nest egg. If you are over the age of 18 and earn more than $450 weekly, your employer typically must contribute 9.5% of your wage into your chosen … Continue reading Supernnuation: The Basics Explained
Tag: Retirement
What’s not-so-hot about the FIRE movement
I recently read an article about a young lawyer who makes close to $400k a year, but sports threadbear suits and lives off ramen. He’s part of the hot new money movement - FIRE. Photo by Kelly Sikkema on Unsplash FIRE - Financial Independence, Retire Early - calls itself a ‘lifestyle movement’ that inspires people to ‘Reach financial … Continue reading What’s not-so-hot about the FIRE movement
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