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At 50 y/o worked hard all my life and spent like a mizer have a net worth of zero with 6k in super. I guess I did'nt do so well.

Irene, what would you think of 50/50 split across 10yrs on A200 and IVV , initial capital of 10k (50/50) and monthly Auto invest of $200 split against 2 (dividends auto invested)

i want to let you know i'm light black american i'm generation y millennial i'm born in 1991 and i don't like the generation wars most say be in this my gerneration is better than yours ego mindset compete with each other i think it's silly to me and i know some gernerations love all generations equally i want to say that i love all generations equally i just wish we should just get along settle our differences

Using inflation data since '66 seems a bit pessimistic, especially when using 10 year returns on Super. There have been some pretty big changes in monetary practice since then that would presumably keep inflation lower on average. Starting at 1980 gives 3.9%. 1990 gives 2.9%. 2013, the last 10 years to match the number you're using for Super, gives 2.6% inflation.

Nice vid but can I ask why you used the RBA as your source for inflation information. I would have thought that the bureau of statistics as they report on actual recorded inflation numbers from which you could take the median from rather than the average.

I'm 62 and plan to semi retire next year. Working 3 days per week. I've already spoken to my manager and HR and they have agreed to this in writing. I will be classed as a part time staff member, still with super paid in, holidays and sick pay.

Why does it go from 100K to 180K?

Thank you for your excellent content as always.

working very hard then retire to do nothing seems a bit of a waste of talent. If it is me I would work less but not stop all together.

Thanks again Irene, I really do enjoy your fact -filled, and fast paced explanations of all things financial. It requires me to challenge my current prejudices and strategies. Much appreciated. Cheers

Hi Irene, what’s your recommendation for day trading? Which is best.,thanks.

DOED CAPITAL GAIN TAX CHANGE AS WELL ?

Hi Irene, great videos. I am new to investing in Australia and your videos have provided me a great starting point to invest. Could you make a video on if we have additional $1000 every month, does it make sense to park this in an offset account vs investing in an ETF ? Specifically when interest rates are around 5.5% mark and the interest from Offset account is tax free. Thanks in advance.

Thanks Irene - very clear and easy to understand explanation.

I think another thing that is important to consider in this comparison would be the things younger generations have that boomers didn't. We have nicer cars, bigger homes, new products and services we use every day like the electronics and Internet subscriptions. These things are great, but also put a larger financial burden on people. They are making life both easier and more difficult at the same time. It's not difficult to be in a good position today, it's easier than ever to get yourself into a bad one though and both generations are dealing with that in different ways. Boomers who spent more than they should have are entertaining retirement without having planned appropriately. Millennials are taking out loans for everything from cars to furniture. That brings up another big issue: the availability of debt has allowed people to increase demand and push up prices without the increase in income. Not inly are the people doing this hurting themselves, they are pushing uo the prices and making it more difficult for the people who otherwise wouldn't be using debt.

Better off financially or strawberry generation

I think one of the big differences is that Millennials have been duped into thinking that Uni is the only path to success. Even in the late 90's people were walking out of Uni with a IT degree that was already obsolete whilst those that didnt qualify for uni or chose another path have been earning big $$$ as tradies or in the mines. Every generation has its challenges but I think Millennials as a whole were fed a 'do what you want, be what you want' lie instead of a more realistic 'do what is needed, be what is in demand' which was more of the boomer motto.

Boomers simply worked ,more spent less and saved more. They never had the new clothes, cars, furniture and must have electronics of millennials, nor could they afford overseas travel. They got married earlier, had to raise more kids and didn't get a lot of welfare. Millennials will not work as many years due more time in education and a desire to retire early, while the super system and large inheritances not available to boomers will eventually make them the wealthiest generation.

Interesting video. thanks for posting. I think the reassurance is that for people who DCA by using what's left of their salary after monthly expenses, we are doing the most optimal thing we can (aside from if we could magically time the market perfectly)

Nice you have a KICKR Bike!👍

Millennials didn’t grow up with the internet, especially not the older ones. The internet was not widely used until the late 1990s outside of universities. The first generation to have the internet their whole lives is Gen Z

The West & Asia is currently stuffed. If you can't even reproduce your own people, you're a failure. No use having generational wealth if you don't have anyone to leave it to. South korea currently has the lowest birthrate in the world at under 0.78%. People with native European ancestry have similar birthrates as South Korea.

Millennials aren’t approaching the end of their lives so I’d say they are better off. I reckon boomers would trade in the properties to have their youth back everyday of the week. Just a different perspective for you. I will add that the price of housing is absolutely ridiculous! So much so I left the country. The cost vs. benefits of living in Australia just doesn’t add up.

Any chance you could do a video reviewing stake super? I’d be interested in the fee competitiveness.

Hi, thanks for the video. My niece is 15 years old and we want her to buy some EFT eg NDQ - they dont pay much dividend. Is it wise to have it under her name? She will start off with $500 and $50 each week. Thanks

Mindset and investing in self and financial education. Thanks Irene great content . I'm interested in your thoughts on TWU SUPER and performance in relation to the top performers and weather I should change to a better performer I'm in my late 50s . ❤

Are there capital gains tax when sell off or when you handover to the kids? Thanks.

I'm with Prime super I wanted to change my provider... As I want to transfer KiwiSaver over but prime doesn't except KiwiSaver so I'm looking into it. I'm 60 soon just want to know which would be best for my age...

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Buy lollies LOL 🍭

Interesting that you are female and mention a rich Dad. What about a rich Mum?

Top 5% 🎉

Do you think the data on home equity is skewed by people with homes in Melbourne and Sydney? For reference, I live in a nice area of Perth and also have another property.

Great content, love the graphs and simple explanations - good motivation

Great video, thanks for sharing

Not surprised at all that 25% at above 65 years old have their super balance drop to zero. They don't have the discipline to save money all their life. Once they reach the super age, they spend it all. I get there are anomalies such as disabilities or supporting family with medical issues, but the normal healthy aussies have no excuse here. Even saving $50 per month for 45 years (normal working life duration) at 10% compounding interest will give them half a mil dollars. Don't tell me that you can't save $50/month.

By those figures I am fortunate beyond most of the world’s wildest dreams, and believe me I am grateful, but I don’t feel wealthy. What does feeling “wealthy” even feel like?

❤ best video so far Irene !

Mindset and earning power.

Mindset I would say

Can’t believe the average super balance is so low.

I am somewhere in the lists.

I think the answer is mindset. But rich parents is probably the main factor for net wealth?

Thanks see you next week

Thanks for the video. When I was younger a mentor Told me to think of investments as being the second job that keeps working 24/7. He said just keep supporting it and it will eventually contribute more that you can personally. Great snapshot. Thanks Irene

I am on a disability pension 54years old.single....I was a cleaner...I belong in the low to typical level of household total assets.. roughly $600,000... thankyou... also I missed where Australia's average income was on the global scale...I saw USA being the 7th ..but didn't see Australia...how far down on the list are we?...just curious... cheers

Thankyou for explaining it easy to understand...😊

I watched to the end :)

Thanks for being able to differentiate between average and median, does my head in when journalists confuse the two.