Declutter & Inner Eternal Peace

Alison who returned from hot air ballooning in Turkey this week said she was in Declutter mode when we offered her David’s glass desks.

It was David who left them with us & we are doing his Declutter for him.

Alison has also downsized the house as Thomas was reluctant to work in the yard. In fact we have commented that those who are now retiring with a rental property are selling as they find the negative cashflow is a negative with their spouse.

Also those who have ticked further are selling down as older couples find the big house is in fact a big chore. Downsizing & decluttering. How many mini-skips to move? Alison need two.

This is what the retailers are finding at present. I.e. their sales are static because everyone has enough clutter & doesn’t need any more. In fact Lester, a mortgage broker, recently told us that he is constrained so that he doesn’t provide loans to those which could leave them in financial hardship & have to sell the house.

What he also said was ‘it’s the clutter in the house that forces owners out of their mortgage’. I.e. less clutter could mean for you less debt & less stress & maybe fewer working years.

Even the RBA did reward this with a 0.25% drop in the cash rate which helps the mortgage holder but not the retiree.

Why the RBA drops rates because of the price of bananas only they could answer.

 It was interesting to view a bank advertising that at age 70 most have no super left. Here is a bank suggesting save more & of course they want to give you investment advice. Why is the world so at present. The banks& all knowing governments  have brought us to where we are i.e. broke.

Have a look at a bank’s share price over the last year. Would they invest in the bank? Will that bank planner be there next year or as Maureen stated ‘they could not remember her father’s name a day later even though he had invested 750K with them’.

In the past we have sat around a few kitchen tables & observed that those who have plenty of clutter can’t make the big decisions which go with wealth accumulation. We suggested to Roger to Declutter before he actions his contemplated renovations. They then maybe smaller. It worked for us.

Those who have recently bought into Brisbane property could be sitting on a 6.7% drop in price over the last year.

 In fact Kevin who moved from his house 2 years ago had originally asked for 580k & eventually sold for 508k & a drop of 12% on his asking price. He is now very aware that his new mortgage is not reducing because it is in fact too big. He needs his wife to earn an income to help debt reduction. He also said the new Mater home that was won along the road from him was advertised to be worth 1.2m & sold for 700K.

When we observe the Euro discussions then why is China  be coming to the aid of feckless developed economies who spent, speculated and lazed their way into crisis  that have brought us to near collapse.

It’s the big guys who have now need to Declutter their loans & their political promises by 50%.

Interesting the IMF doesn’t want to do so  maybe not a done deal yet. The Red Queen & White Duck might give the IMF another lecture.

 Donna said recently shopping at Vinnie’s is where there are some great labels all for < $10. We have found David’s glass desks invaluable & a serious discount to Freedom. The old truism is that ‘others trash is your treasure’. There are bargains to be had whether as it be Irish banks as Doug suggested this week or ‘bargains galore’ as some brokers say.

China is certainly going to maximise the political bargains in Europe.

We know  Alistair who is selling property in the US which has fallen 40% & maybe you could purchase a town or two there. in fact we read of 3 bedroom 2 bathroom houses in Florida for 200K. How much further to fall Here?

Others commented that the precious metals are worth considering. This could all be true if you have decluttered your debts as then you have freedom to play.

This week we meet several who are off to WA. They have decluttered from marriages & with less time they are moving to WA where the pay is up to twice what they are earning here. The catch is that their taxx will be twice as high & unless some wealth coaching they may not be any better off. They also have restarted with bigger  debts & new mortgages. Will they ever learn?.

 Recall that ideally we need to have 1 million in capital outside  the house to provide the income we need so as we don’t run out at age 70 as the bank suggests.

As we discussed with another David yesterday ‘what most need is a strategy to have the taxx man subsidise the mortgage’.

Do you want your tax [up to 500m] to bail out Europe via the IMF?

We must congratulate Coach Ted for achieving ‘ inner eternal peace’.  

The Bleus may have got a poke in the eye" back.  Was the ‘Rainbow Warrior’ mentioned before the final as Don suggested to us on Monday?  Whose side was Greenpeace on?

We welcome your call on 07 3848 1088 or email or visit  our websites as here to coach you through the financial game.

PS . As we have had 2 clients declined for life & income protection this week & as Nick amongst others has had accidents subsequently to our invitation to act then we suggest  call us today  to protect the downside to your plans today.

It may provide Inner Eternal peace.

John McAuliffe