Home' SA 50s Lifestyle : SA 50s Spring 2015 Contents 23
Visit our website: www.sa50slifestylenews.com.au
Don't put your money in the
bank if you want to get rich
"It may surprise many but it is a
simple truth," says Jeff Copley,
"very few of us will get rich banking
our money. With current variable
interest rate on deposits at around
2% and inflation at a similar rate you
will need a very good income and a
very long life plus some luck to grow
"In my opinion there are only a
few risk-limited opportunities for
improving on bank interest or wild
schemes to grow your wealth.
Plainly the one investment that has
demonstrated the strongest gains for
most mums and dads wage earners
over the longest period of time is
"However those that now enjoy
significant equity in their own
home can sometimes be at risk by
making un-researched investments.
Unfortunately many completely
overlook the fact that they arrived at
this point of some capacity to invest
via home ownership. Why not do the
same again? While it sounds easy,
plainly it must be done with caution
but there can be many advantages."
"The key is research, research and
more of the same; seek advice not
answers. Unless you can do the
work don't choose the 'renovators
delight' yes it's cheap but labour
is expensive and there is always
an overrun. Just as negative
gearing is not the only way to run
your investment, depending on
your circumstances, Principal and
Interest Mortgage is not the only
option open to you for funding it.
"I suggest one hundred hours, the
average time most buyers spend
finding their next home, invested
over a couple of months is worth
the effort to potentially turn your
Super, equity and/or what you earn
into real wealth? It could be the best
hourly rate you ever work for".
We Put You First!
Buying or Selling? Your Family home is likely your greatest asset. Be
confident that you have the right agency to deal with. We specialise in
assisting our senior buyers and sellers. There is no rush, no pressure to
sign; we are happy to ensure you understand and are comfortable with
the process. We are the most sold agency in the district and look forward
to assistng you with your property needs.
Thinking about a sea change or retiring?
Why choose the Western Fleurieu Peninsula?
• Under 80kms from Adelaide CBD
• Great restaurants, food and nearby wine regions
• Amazing country lifestyle but so close to all facilities
• Strong sense of community
• Unbeatable beaches and fishing
And the list goes on … Call us to find out what properties we have for you!
Shop 1, 91 Main Street,
Normanville SA 5204
PH: (08) 8558 2688
Award Winning Agency & Agents on the Stunning Western Fleurieu Peninsula
'Greypreneurs' -- driving off the road and into business
a marginally higher business start-
up rate was the middle age bracket
(45-54 year-olds) -- which climbed
6.7%. However as the increase was
from a significantly larger base level,
it equates to a much greater number
of new businesses -- 18,000 extra
The other age group to grow
business numbers over the year to
February was the 15 -24s, with an
additional 2.5% business owners.
Bankwest Executive General
Manager of Business Banking,
Sinead Taylor, said there were
a number of factors driving the
"Greypreneurs are certainly quite
inspiring. These people are at an
age where traditionally you'd expect
them to shy away from risk, but
instead, many of these people are
doing the opposite in taking on a
new business," Taylor said.
"There is certainly a strong element
of financial necessity -- Australians
are living longer than ever before,
the costs of living have never been
higher, returns on savings deposits
have been low and in order to
maintain the lifestyle they have
become accustomed to, many
people need to work well beyond the
traditional retirement age of 65.
"There would be some who choose
to continue in the workforce for
personal fulfilment, social interaction
or because they fear boredom --
however these people often work
The Bankwest Business Trends Report
found agricultural pursuits topped
the list of businesses established
by greypreneurs, with the number
of 65-plus operators entering the
sector jumping 20.5% -- or by 6,600
businesses in the year to February.
There was a 59.5% increase in
arts and recreational services run
by retiree-aged business owners
year-on -year (equating to 1,200
businesses) and there were an
extra 17% (or 1,100 older operators)
running cleaning, gardening,
religious service provision and repair
and maintenance businesses.
Despite this, there are now fewer
over-65s running Administrative,
Support Service, Professional,
Scientific and Technical Services
businesses than a year ago.
The fifth annual Bankwest Business
Trends Report tracks working trends
for people who run a business
either as an employer or as an own
The report looks at trends in
the number of people running a
business by industry, state, gender
and age, as well as for full-time and
part-time workers. Data has been
sourced from the Australian Bureau
of Statistics (ABS) Labour Force
Continued from page 1...
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