Welcome to this bonus episode of The Australian Finance Podcast; your midweek dose of quick, practical money tips to keep you on track between our longer Monday shows and Friday Q&As.
Today, Gemma Mitchell is joined by Financial Adviser Tahli Cavagnino to bring you three simple money maths concepts everyone should know. Spoiler: you don’t need to be a maths whiz to build wealth. These formulas are basic, practical, and seriously helpful.
In this episode, you’ll learn:
– The Rule of 72 – How long it takes to double your money
– The FIRE Number (x25 Rule) – How much you need to live off your investments
– The 4% Rule – How much you can safely withdraw each year in retirement
These are must-know money shortcuts for anyone wanting to take charge of their future, no complicated maths needed.
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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
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