• Life Update- Finance challenges!

  • May 29 2024
  • Duración: 21 m
  • Podcast

Life Update- Finance challenges! Por arte de portada

Life Update- Finance challenges!

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  • Resumen

  • In this episode, I give an update on Passive Income Doctor, and how portofolio is faring- interest rates in last 2 years gone from 2% to 6.5%. Headline inflation has been 7%p.a but when I see property prices, grocery prices, it seems more like 10-20%.

    I also talk about finance challenges- obstacles in obtaining lending. I discuss the current 3% interest rate servicing buffer, DTI limits.
    I finish with some practical tips how to get through difficult financial times, and finish with mindset minute of the week: "Wealth is the transfer of money from the impatient to the patient. "

    Articles of interest:
    Overview | Statement on Monetary Policy – May 2023 | RBA
    Why Is the Consumer Price Index Controversial? (investopedia.com)
    APRA holds 3% serviceability buffer - Mortgage Business

    Music Credit: Bass Nation.
    Send in your questions to: passiveincomedoctors[AT]gmail.com
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