Got an Answer?
Yes we have. And it's worked. We now have $7,000 in the bank. May not be alot to others but for us it's amazing.
Yes and now I wish I hadn't. This book does t cater for unique situations. Just those who seem to earn a lot more than the average joe
Did anyone else change supers to hostplus? I did & i'm pretty happy with it I'm
I have the book and have just flipped through it, was turned off when i read ‘put $2000 in an account, if you dont have $2000 look around your house see waht you can sell to get $2000, everyone has $2000 laying ariund their house’
🙄🙄 book is for rich people i think.. Although readung some of the comments here, i might give it another chance over the holidays.
Spose I could sell my car but then I wouldn't have one lol
But I want to start again in the new year and just use the bits that will help me and just gradually build up it.
It's too jargony for my liking. Mojo. Fire blah blah.
Dave Ramsey gives more simple easy to follow steps. Although American it can be applied to Aussies..
Save a 1k emergency fund (2k more appropriate)
Pay off debt (except home loan)
Save 3 to 6 months of expenses
Invest 15% into retirement savibgs
Save for children's education (I don't do this)
Pay off mortgage
Be generous with money
Thats a basic guide to his 7 baby steps ..
We followed this but now have 12 months expenses and are focusing on paying down the homeloan...
we have no other debt than the mortgage.
We aren't rich. Just your average family of 2 adults and 2 children under 6...
We have a monthly budget and put money in a bill account to cover all our monthly and yearly bills. Bill's always paid on time. Money is always there.
We live within our means and save every month.
You can save money everywhere if you really want to.
Contact insurers ask for a better deal
contact utility providers ask for a better deal
Change mobile carriers or ask for a better deal
Call mortgage provider ask for a better rate
Pre plan meals for a week and only shop for those items
Take lunch to work
Don't buy coffee or bottled water
Eat at home or invite friends over instead of going out.
Run your heating on 19 to 21
Run Aircon on 25
Don't leave lights on and save electricity.
Make your money stretch and go further be ruthless and don't take no for an answer.
You control your money and don't let your money control you.
I kinda want to read it but I don't want to pay for it.
Is it about investing and stock market things? Cos i don't think that's my scene anyway.
But I don't want to waste $20 on the book 😂
The ironic thing is it's not his system. It's a modernised version of another strategy from the 60's.
If you want to read it, borrow it from your library. You may even be able to get an ebook version from their app without going in. I think it's on mine.
I read it but am waiting til after Xmas to get it started... Don't have $5 spare this week to start off the mojo 😫 hopefully next year will be our year!