This Sunday marks a pivotal date in Australia’s journey out of the ‘economic troubles caused by Coronavirus. The Commonwealth Government’s main economic response to the pandemic, it’s ‘Jobkeeper’ payment, will not continue beyond March the 28th. If the end of the program affects you, please get in touch.
At least a quarter of a million Australians reside in residential aged care at any one point in time. As we saw last week, residents in aged care are asked to pay a range of fees for their stay. In this article, we will look a little more closely at the largest of these fees: the accommodation fee.
More than 1.2 million Australians receive some form of aged care. Of these, about 23% of people are using residential aged care. Residential aged care is something all of us should expect, either for ourselves or for a loved one. The good news is that anything that we expect can be planned for.
People need to adapt to new circumstances. It is how humans have always survived. This was brought home to us last week as we watched the women’s final of the Australian Open. As you might have seen, Naomi Osaka beat Jennifer Brady to claim her fourth grand slam title. Well played Naomi. But it is Brady’s story that we really liked.
Passive income is the income generated by our investments. Because it is not linked to our time or (necessarily) our skill, passive income is not limited in the way that active income is. Indeed, it is possible to earn passive income even while we sleep.