
001 power of automatic savings and compounding
Dev Raga Personal Finance
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How to Maximize Your Superannuation Benefits
If you get paid monthly on a Tuesday, for example, the 20% is automatically taken away from your account and invested into a relevant savings plan. This assumes that in 30 to 40 years, you never get a pay rise - which is unlikely. But this also doesn't take into account any other assets which you have bought. So imagine retiring with a million dollars through this process and having another half a mill or another mill in your superannuation fund. Your net worth can be exponentially grown using this principle. It's not really an argument to say, oh, because of inflation, I'm not going to do any of this anyway.
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