Superannuation

I have a day off tomorrow and I'm putting switching my super in my sights.

Hello 0.02% fees.

Goodbye 0.5% fees

Hello comfortable retirement sum.
#settingupmyfuture

Barefoot plan

Okay so I've now organised my bank accounts into new accounts with no fees ever and easier and higher interest rates. I had my commbank accounts set up so I wasn't charged fees but that was more strategy than bank policy. I moved to Me Bank. I really like them. They actually answer the phone and they do it quickly.

So 3.05% interest on savings. House deposit paid (only 10%, I rushed it a little). Money set aside for emergencies. Money for me and some for fun things. It's a good strategy.

Next week is my superannuation.

The Barefoot Investor

So, I found the website. I read the blog and the 'ask barefoot'. I saw the book and the investment guide and after the last scheme I wasn't really in the mood for another "fix all" BUT I was really curious so I bought the book. I LOVE THE BOOK!!! It is what it claims. It is written by a person who sounds human. It is no nonsense and it makes sense. It's beautiful in its simplicity and strategy. Please read it. I recommend it 100%.

Don't put it off. After I've finished with it I'm sending it to my sisters.

Read it. 

Post Christmas Post and Settlement!

So I've been lazy over Christmas and the New Year, like everyone. So I'm sorry about that.

I'm also currently organising my loan documentation through my broker. The plan is to get my loan application approved prior to the unit being completed and then the two week settlement period won't be stressful because I'll be ready to go as soon as they are.

Just a tip for all those people who are planning on buying a place. Once you sign that contract the only person who is going to drag their feet is the bank. The only person who can afford to drag their feet is the incoming mortgagee. So make sure - and by that I mean have something in WRITING - that your lender has unconditionally approved your loan and that you are READY to go. It is what will delay you. It is what will delay settlement - unless a lawyer screws up or the outgoing mortgagee throws a hissy fit (which they shouldn't because they should get a payout).

And NEVER sign a contract without talking to your lawyer. There are some nasty things hidden in contracts of sale. Don't ever assume that people are good or that they wont screw you over. They will and they won't care. Look out for yourself. Get the right people in your corner and it will matter.