Lifestyle Strategies 15 February 2011

CAROL - AVOID THIS TRAGEDY

I was looking at the archive of this newsletter and this piece caught my eye – because nothing has changed:

“The Australian Financial Review” 14 Feb 08 reported on two survey results:

One survey of 1000 respondents - by the Senior Australian Equity Release Association of Lenders - found that one third of baby boomers expect their money to run out between 5 and 10 years into retirement.

One third (perhaps the same one third) thought it most likely that they will need to sell their family home, and downsize, for the purpose of funding daily living expenses.

Another survey by Retail Finance Intelligence found that one in five current retirees (that’s 20%!) are still repaying their mortgages, and of those approaching retirement, one third expect to still have a mortgage when they do retire.

Comment: A logical outcome of those retirees with mortgages is that they will need to tap into their superannuation to repay the mortgage, or sell in an attempt to downsize.

If you feel that you won’t have enough for 20-25 years of a dignified retirement, phone me – Bernard Kelly - immediately 0414 778 518


SUPERANNUATION ALARM IN SINGAPORE


20 years ago Singapore was concerned that its 40% retirement contribution fund was inadequate! No wonder there is concern in Australia that our 9% superannuation contribution levy is simply not enough. Read on:


The national savings and superannuation scheme in Singapore is in crisis.

Established in 1955 as a compulsory saving scheme, into which both employees and employers tip in 20% each, there is concern that members will not have enough for a decent retirement.

Along the way, the scheme has changed into a social security blanket, and members may now withdraw to purchase their family home, to pay for their family’s education, and also for health and medical bills.

The unexpected problem is that Singaporeans are now living much longer that was anticipated way back in 1955.

Singapore acknowledged this problem some time ago, and changes were made in 1987 – that’s 20 years ago - to ensure that members were saving enough for a modest retirement lifestyle.


If you feel that you won’t have enough, phone me TODAY. My mobile is 0414 778 518


MORE “RENAISSANCE CAREER” JOBS

With 3,500,000 Australian baby boomers marching into retirement, there will be massive opportunities for active boomers to move into “renaissance careers” i.e. those jobs that they really want to do.

Australia has always relied on immigration to eliminate its lack of manpower and skills.

Immigration is currently 50,000 per year, but according to a study by the Academy of Social Scientists, the intake needs to be increased to between 170,000 and 200,000 pa.

Adding to the problem is that the national fertility rate is in long term decline. Over the past twenty years, the rate of live births has dropped from 2 children per woman to 1.2.

The solution would eventually be to triple the level of immigration to fill the needs created by the retirements of 3.5 million baby boomers as well as on-going economic development.

There is increasing demand for labour across the whole economy, including the military, services, education, health and industry.

The hardest policy objectives will be to fill low skilled jobs, however this issue will make it easier for boomers to find productive work.

(Australian Broadcasting Corporation (ABC) News, 05/02/2008: "Immigration boost needed to tackle skills shortage: report many job vacancies will be created when millions of baby boomers retire . Labour shortage looms")

PLAN AN EXCITING RETIREMENT

Your retirement will be different from your parents’, mainly because you will be more active, and you’ll be living longer.

When they thought about retirement, it was possibly based around the notion of “relaxation”.

Today it’s more common to think about “freedom” and “opportunity”.

And given that government welfare is subject to political whims, it would be prudent to keep a weather eye out in your planning in case you need to shelter from any buffeting on that front.

Here are some thoughts to plan an exciting retirement:

1. Continue in your profession, albeit at a slower pace.

One solicitor I know has kept his hand in by moving his focus to non-profit law. So he has kept his office, his prestige and his income, while removing himself from stressful client

2 Go back to school

Many boomers plan to go back to school when they finish a full-time career.

Horticulture is a popular choice because it has wide application and possibly also because it is so diverse, but getting a qualification to be a tour guide or a school teacher are also popular choices.

3 Learn a new trade

For those not academically inclined, learn a new trade.

Popular courses are fork-lift truck driving and woodworking. Retirement can be an opportunity to start over in a new field.

4. Start a profitable hobby

Most of us will need additional income in our later years, to supplement government welfare and our super.

What easier way to take whatever hobby we have, and turn it into a “profitable hobby”.
In addition to extra cash flow, such focused activity will provide you with friendships and major

psychological health benefits.

5 Travel

Travel is an old stand-by as a retirement activity, and so if this is of interest, why not go for it.
Just be aware – travelling can cost you almost a regular income.

6. Volunteer work

Many retirees drift into volunteer work – and end up doing menial, unsatisfactory, un-paid work.
If you want to have an exciting time doing volunteer work in retirement, plan ahead and find a position that will allow you some decision making.

7. Surprise your family

In this catch-all category, I would put all those “outrageous” activities that will shock your family.

However, it you don’t like gardening or playing golf, a possible alternative is to join a local theatre group.

Your family may be surprised, but who cares?


QUIZ – ARE YOU READY TO RETIRE?


I noticed in the newsletter from aboutseniors.com.au this though-provoking quiz. Just copy and paste this address

http://www.aboutseniors.com.au/index.php/articles/category/enough_to_retire_on#are_you_ready_to_retire_quiz


AGED CARE WILL CHANGE

The Australian Productivity Commission has recommended changes to the funding of aged care.

At present, residents in low care hostels pay for these services by so-called “accommodation bonds” often funded by the sale of the family home.

Concern has been expressed that private sector operators are driven more by the profit motive, rather than compassion for the elderly.

In contrast, high care residents in aged care homes are principally funded by the government, under a system of “bed licences” with some minor top up by residents.

Of course, the concept of bed licences is simply a mechanism by which government limits the amount of funding it provides, and this - associated with bureaucratic restrictions - make it unattractive for operators to build more facilities.

And this is at a time when demand for all types of aged care services is increasing.

The system is creaking at the seams, and will change in due course – but only when politicians can be comfortable that they won’t be penalised at the ballot box.


PROFITABLE HOBBY - SEWING


Julia Miller has always liked sewing and when she needed to boost her family income, she took this hobby and made it profitable.

Living with a family in Bowral, a small town of 7,000 ninety minutes out of Sydney, Australia, she didn’t have many options other than to do something for herself.

So after some false starts, she created Bowral Boxers, with a simple product line of men’s and boys’ boxer shorts.

STARTUP COSTS

As Julia already had a hobby, she had all the equipment she needed to create a profitable hobby.

Her only real expense was to buy in raw materials for the boxers she intended to make. Initially this would have been perhaps $250.

However she needed to spend some money to create an elegant – but portable – stall. If you go this route, allow say $100 for two fold-away (second hand) tables. You would cover these with a white sheet which not only brings elegance to your stall but also provides an excellent contrast to your products.

OPERATIONS

With a simple product, it is easy for a home based sewer to produce a quantity of the same product.

Julia was easily able to “mass produce” underpants, shorts or pyjamas.

With slight adaptations, she was also able to product a range of women’s and girls’ boxers and sleepwear.

All she really needed is a supply of fabric with different designs.


MARKETING

To make this hobby into a “profitable hobby” Julia knew that she had to have an upmarket product, which would be capable of an upmarket price - $25 for a pair of boxers.

However when people attend a weekend market, they are generally willing to spend on a whim, for something that takes their fancy. These are her target market.

Julia started selling at the Southern Highlands weekend craft market – Bowral is the hub of the district, which has long been a summer retreat for Sydney residents – but realised that one market once per month didn’t really generate meaningful sales.

But having the experience of one stall, she knew that that it was a fairly simple exercise to exhibit at a series of markets.

Julia sells an upmarket product, and quickly gravitated to those markets that attracted upmarket visitors. These typically are in affluent suburbs in Sydney.

The downside of this hobby business is that she has to travel most weekends to the market for that weekend. This means rising at 4.00 am on Saturday, and arriving back home at dusk.

When purchased at the stall, the boxers are hand wrapped in gift wrapping paper. This eliminates the need for the style of packaging that you see in
department stores.

RANGE EXPANDS

Over time, the product line has expanded to pyjama pants, beach wear, nightshirts and kimonos.

However, by keeping to simple designs, Julia has been able to continue with a simple form of mass production.

ON-LINE STORE

Julia finds that she still must attend a range of weekend markets, but she has now added an on-line store.

Visitors to this site are mainly existing customers, as the product is something that is bought on a whim, rather than sold to a price conscious shopper.

You can find Bowral Boxers online at http://www.bowralboxers.com.au


FUTURE POTENTIAL

Once you have found that your hobby can become a profitable hobby, you will find that doors will keep opening.


PROFITABLE HOBBIES

You can now buy my manual “37 case studies of Profitable Hobbies for immediate application” at
http://www.retirelaughing.com.au/blog/make-money-with-my-hobby/

At $19.75, it’s excellent value if you think you’ll be needing an additional source of income at some stage.

HERE’S MY BLOG

My blog is at www.retirelaughing.com/blog
I use this for current news – as part of my social network tools

FOLLOW ME ON FACEBOOK

Go to www.facebook.com/propertysuccess

I’M ALSO ON YOUTUBE

www.youtube.com/retirelaughing



Regards


Bernard Kelly www.retirelaughing.com mobile 0414 778 518 cell phone 61 414 778 518


About Bernard Kelly:

Bernard Kelly BEcon MBA CRPC Australia’s Retirement Strategist®, is a highly sought-after advisor, retirement authority, thought-leader, author and radio commentator because he makes the complicated and mundane topics of investing and retirement fun! Bernard has over 20 years’ experience providing families with financial thought. He is the author of Live Your Dreams in Retirement, Property Investing for Couples, Goolwa by Breakfast and Raising Decent Kids into Substantial Wealth and publishes a fortnightly newsletter that reaches thousands of subscribers worldwide.

19 Prospect Street, Box Hill 3128 Australia. Tel 61-3-9899 8577 mobile 0414 778 518


“expect to reap an extra $449,999* when you’ll really be needing it”.


PPS As I don’t spend my advertising budget on traditional media, I’m able to pay you $1000 for successful referrals

Lifestyle Newsletter 15 May 2009

PROFITABLE HOBBY – BECOME A WEBHOST

My friend CH retired nine years ago, after a career as a solicitor.

After two years he had become bored, but had started to go to computer swap meets, held on Sundays in a local hall, really only to fill in the day. He had really no knowledge of computers before that (but he did have a logical mind).

It gradually dawned on him that every website had to be “hosted” and realised it was a fairly easy to establish one himself – for his own hobby websites and for a few friends.

Not needing an income, he priced his services very low, and selected a name that would reflect this pricing, and found he was attracting clients who needed to host multiple sites.

Now – after only seven years – he has 7,000 clients but because everything is automated, it’s still a one person “hobby”.

But you do the maths. If each client pays him say $100 pa, that’s a lot of revenue for a one person hobby with little overheads.

His URL is www.budgethost.co.nz

WHY PENSION AGE IS BEING LIFTED TO 67

The pension age in Australia is being progressively lifted to 67.

While no detailed rationale is widely available, an annual report published by the US government in May shows what could happen there.

Because of the increasing cost of medical procedures and an aging population, it has warned that the American health insurance plan for the elderly (known as Medicare) will be insolvent by 2017 - two years earlier than predicted in 2008.

A separate fund for Social Security, their government’s pension plan, will be exhausted by 2037 - four years earlier than reported last year.

The demographics in Australia are broadly similar. Which is why we all need to tuck something extra aside come close to 20-25 years of dignified retirement.

Let me know if I can help you explore your options. My email is

admin@retirelaughing.com

RETIREMENT TAKES A LOT OF MONEY

AARP has just released a retirement planning video “Mission Retirement” to show Americans the importance of saving for the future.

Just about everyone’s mission is to retire comfortably some day. It isn’t impossible, but it will take work.

According to AARP, there are big holes in the security net of government welfare, therefore, it’s everyone’s responsibility to start early. In fact, the video mentions that to have an adequate nest egg you need to save 15% of your income each year for 40 years!

Go to www.aarp.org/finance

RETIREMENT OFTEN HAPPENS UNEXPECTEDLY

Retrenchment, a health problem, or the illness of a relative can derail

retirement plans in an instant.

This new survey of 1,200 adults between ages 40 and 79 found that the number of seniors who need or want to work during the traditional retirement years is rapidly growing, AARP Financial Inc. and Boston Research Group found.

About 433,000 unemployed Americans age 65 and older were actively seeking employment in February, more than twice as many as in November 2007, just before the recession began.

“This is a daunting economy for older people. A lot of older people are coming to see us that are scared or bewildered,” says Cynthia Metzler, president and CEO of Experience Works, a nonprofit organization that helps older people retrain for new jobs. “We have people who are in their 80s who are taking on new jobs.”

If you want me to help you explore your options – now – to enjoy your eventual retirement, contact me Bernard Kelly anytime. My email is admin@retirelaughing.com

RETIREMENT IQ TEST

The formula for a financially successful retirement used to be straightforward: Work for decades for one employer and then live happily ever after on the pension and whatever personal savings you were able to amass.

So the amount of savings was important but not critical.

Today, with superannuation vanishing and an economic crisis withering savings, it’s increasingly up to individuals to take charge of their finances to fund retirements that can stretch for up to 30 years because of longer lifespans.

Is your retirement IQ up to the challenge?

Take the test and find out. (Answers at bottom):

1. What percentage of your savings can you withdraw annually in retirement without risk of running out of money?
(a) 3 percent (b) 4 percent (c) 7 percent (d) 10 percent

2. Approximately what percentage of pre-retirement income is generally needed to maintain a person’s current lifestyle in retirement?
(a) 45 to 60 percent (b) 60 to 75 percent (c) 75 to 99 percent (d) 100 percent or more

3. Working full-time for three years past one’s anticipated retirement date and continuing to save 15 percent of salary could raise annual retirement income by how much?
(a) 7 percent (b) 12 percent (c) 17 percent (d) 22 percent

4. At what age will most of today’s workers be eligible for full pension retirement benefits?
(a) 62 or 63 (b) 64 or 65 (c) 66 or 67 (d) 70

5. What is the amount in a superannuation fund for the typical person aged 60 retiring today
(a) $87,000 (b) $147,000 (c) $247,000

6. The number of workers age 65 and over is expected to grow by how much over the next decade?
(a) More than 20 percent (b) More than 40 percent (c) More than 60 percent (d) More than 80 percent

7. What percent of homeowners age 50 to 65 plan to use home equity to finance ordinary living expenses in retirement?
(a) 6 percent (b) 10 percent (c) 20 percent (d) 50 percent

8. A job retrenchment in one’s 50s or 60s typically reduces total household wealth by what percent?
(a) 11 percent for married couples and 23 percent for single people (b) 16 percent for married couples and 28 percent for single people (c) 21 percent for married couples and 33 percent for single people (d) 31 percent for married couples and 43 percent for single people
___
ANSWERS:
1. (b)
2. probably (c) as it’s best to plan for the high side since health and medical costs are impossible to predict.
3. (d)
4. (b) if you retire today but it will soon be (c)
5. (a)
6. (d)
7. (a)
8. (c)

Acknowledgements: Star-Telegram.com 6 April 2009

Product Newsletter 1 May 2009

The beauty of property investing is that if this house has a market value today of say $400,000, you can reasonably expect that this value should double in 7-10 years. And if it only costs an investor $10,000 out-of-pocket, then the payoff is $390,000. Yippee!

FIXED INTEREST RATES MOVING UP

The bottom of the interest rate cycle has been reached.

While the cash rates are still expected to drop slightly over the next few months, the banks commenced the rise in fixed rates loans in the week ending Friday 24 April.

If you still haven’t locked in your facilities, don’t delay any longer.


INVESTORS’ CLUB - 14% OF TAXPAYERS


The Australian Taxation Office, in its report Taxation Statistics 2006-07, says that 13.6% of personal taxpayers own an investment property

So you are a member of an exclusive club, and investors collectively own one third of all housing accommodation.

There are 11.8 million taxpayers, so the membership of your club totals 1,600,000.

However many investors are just starting out, as only 17.5% of club members own more that one investment property.


RETIREMENT CONFIDENCE AT ALL TIME LOW

In the USA, workers and retirees have simply lost confidence in their ability to either fund a comfortable retirement or enjoy a financially secure retirement, according to the Employee Benefit Research Institute's 19th annual retirement confidence survey released in April.

Only 13% of those in work say they are "very confident" about having enough money for retirement, according to the survey. That's the lowest response since 1993, and half of the 27% response in 2007 -- just two years ago.

And almost half - 44% of all employees - are either "not at all" or "not too" confident about having a secure retirement.

Of those already retired, only 20% are very confident about having a financially secure retirement.

If you want help to explore options to avoid this nasty situation, contact me – Bernard Kelly – anytime. My email is admin@retirelaughing.com


HOUSING IS RESILIENT

Here are three paragraphs in a recent speech by Rory Robertson (Macquarie Bank's interest rate strategist) that might surprise you:"Between June 1990 and June 1992, full-time employment fell by 7%, and then took a full three years to get back to where it started. So, how far did home prices fall?

Actually, they didn't. Average house prices across Australia's state capitals rose - not fell - by about 2% per annum in nominal terms as that early-1990s recession and jobs disaster unfolded."It turns out that the downward pressure on home prices from shrinking employment in the early-1990s recession was more than offset by upward pressure on home prices from the halving of mortgage rates, from a record 17% in 1989 to 8.75% in 2003."I have no idea if average Australian house prices will fall somewhat or rise over the next five years.

“But those with their eyes wide open can see that sharply lower mortgage rates this time around - lower than most Australian home buyers ever dared to dream - already are having a strongly supportive effect on housing markets."

If you would like me – Bernard Kelly - to help you explore options to provide for your retirement via an investment property portfolio, contact me anytime. My email is admin@retirelaughing.com

Product Newsletter 1 March 2009

Spacious Interior of Typcial Investment Porperty (Ipswich) right


WHY I AM SO BUSY

AMP has reported that the cash flow into its investment arms has fallen by 52 per cent in the December quarter.

Now Axa has reported an astonishing 84 per cent fall in net inflows and a dramatic fall in new managed funds in the December half year.

And “capital guaranteed” products are proving that they are 180 degrees away from what the advertisements promised.

No wonder the rush is towards the products that I recommend – they’re “as safe as houses”.

If you would like me to help you explore your options for 20-25 years of dignified retirement, feel free to phone me anytime on 0414 778 518.


IMF: AUSTRALIAN HOUSING WILL EXCEL

The International Monetary Fund has confidence that the Australian housing market will “fare much better than other countries” and that the “fundamental drivers” of house prices is “strong immigration flows, and the other is the interest rate.”

Source: Sydney Morning Herald 2 February 2009 (“Australian housing a survivor on the world stage”)

WORKING CLASS SUBURBS BOOM

Blue-collar workers seeking a quick and easy commute to work have driven up property sales in some of Brisbane's most affordable suburbs.



A report released by Colliers International Research indicates blue-collar workers - technicians, teachers, tradesmen, machinery operators, police as well as unskilled labour in the manufacturing and wholesale workers - have flooded South-East Queensland's strongest industrial employment nodes.



Investors are joining them in search of a bargain, with the Real Estate Institute of Queensland (REIQ) saying there are healthy long-term gains to be had.



The report's author, Helen Swanson, said the top 15 working class suburbs were situated within three kilometres of a major arterial road or highway development.



"Emerging industrial precincts like Ipswich and others in the outer south will see more blue-collar workers move to these areas so they can work closer to home," Ms Swanson said.



"Whether it's highways, roads, bridges or railway there's always going to be benefits to the property market that flow from infrastructure projects," she said.



She said the infrastructure precincts made for emerging real-estate hotspots.



"These suburbs offer good market fundamentals to receive both the opportunity for good rental yield and modest capital growth," she said.



Working class families, who are generally non-transient - a market fundamental - also accounted for strong, long-term rental potential.



"If you can hold on to investment properties, or if you can get in there before the development is completed and before the area or the inner-ring becomes saturated, you are likely to experience strong rental yield and long-term capital growth," Ms Swanson said.



Source: The Courier Mail 18 February 2009

Product Newsletter 1 February 2009

an investment property is a money tree (right), not a house


THE TIME TO INVEST IS NOW


You will appreciate that I am biased, and while I always maintain that “the time to invest is whenever you can afford the weekly contribution” circumstances right now are really exceptional.

When you put it all together, the reasons to be “quietly confident” and proactive are obvious: ·

Minimal out-of-pocket costs

Undersupply of housing

Record population forecasts

Rising rents

Low interest rates and further reductions in the pipeline

Tax minimization

Long term capital growth

Security of ‘bricks & mortar’

Tax deductible insurance against involuntary loss of income



In addition, property values have been increasing ever since records began.

We’ve had world wars, depressions, interest rates at 22% - and you know what - after every pause, values have continued upwards. Remember that speculators rely on timing, investors rely on time.


The time to invest is now, because in 7-10 years time when according to statistics (and I can’t see the long term trend line altering) each your investments are likely to have doubled in value.

In ten years time, what happened in 2008 will be of little significance.

All you have to do is contact me – Bernard Kelly – admin@retirelaughing.com and I’ll help you explore your options.


WHAT WILL IT COST YOU TODAY

I have been running spreadsheet numbers recently on the basis of interest at 6.5%

For a “average” couple earning $60,000 plus $25,000, it would cost them $110 per week in the first year to have their names on the paperwork for a house and land package priced at $380,000.


Of course, in the real world, with increasing rent, that couple would only ever have to contribute half of that – say $55 per week, and probably only for four years.

So it’s theirs for just $11,440 plus the $1000 deposit i.e. $12,440.

Yes – you read it correctly. $12,440 over four years.

And the funding advisors that I am in contact with say even 6.5% is perhaps 0.5% over what most transactions have been done at over the last few months.

Be that as it may, I prefer to be conservative.

However, image what the investment contribution for this average couple becomes if rates fall another 1%.

When I now run the numbers for this couple at 5.5% - I’m not going to be tempted to use 5.0% - their contribution would only be $57 in the first year, so their contribution would be $28.50 time 52 times 2 years i.e. just $2,964 plus the $1000 deposit.

Yes – you read it correctly. $3,964 over two years.

And then they will sit back, and in ten years time -if history repeats itself as it has since records began - they’ll be saying “back then in 2009, we really should have bought TWO”

If you want me to run the spreadsheet numbers for your income, feel free to contact me – Bernard Kelly - anytime. admin@retirelaughing.com

WHY SHOULD YOU ACCEPT MY LEADERSHIP?


First time clients often say – how do we know it will work?

My response is that investors only need to reflect on what they paid for their own home – and what their children might have to pay in the years ahead – to recognize that residential property is expected to continue to increase in value.

What I bring to the table is wisdom, experience, research, logic, and efficiency.

My concept of professional investing is “least in, most out” with 105% funding from local Australian banks (depending of course on their valuations).

You only need a $1000 deposit to start. I show you (and your family) how to invest with maximum efficiency.

We have developed a clinical and scientific approach to property investment and we were delighted early in 2007 when we received a testimonial (from America): “You are the only rational source of information in your market”.

Our method totally ignores emotion, and has its focus solely on the expected financial return.

My practice is based on long term relationships, repeat business and personal referrals.

And none of that happens if clients are not totally at peace with the first investment that I share with them.

And I’m happy to share with you.

Phone me anytime 0414 778 518


PROFITABLE HOBBIES


Most of us will not have enough for 20-25 years of dignified retirement, but I have come to realize that many a micro-business has started from a household hobby.

And many profitable hobbies can be continued into retirement, providing extra income.

To learn more, go to http://www.hobbiesforprofit.com/

Lifestyle Newsletter 15 January 2009

PROFITABLE HOBBY – SECOND HAND BOOK STALL

Anyone can easily run a second hand book stall at weekend markets.

You source the books you have for sale from charity shops.

You’d buy them for $1 then sell them for $5. A simple fold-away table is all you’ll need initially for your stall.

Your major expense is the $25 fee that you have to pay to each market, each week, for your space.

In four hours, you should be able to sell at least 20 books (revenue $100).

Your expenses for the day would be $20 for stock, and the $25 fee. Profit $55.

Over a year, your profits would be north of $3000.

Refer a Friend – Family, friends and work colleagues can benefit from a continuing flow of detailed case studies after you visit our membership site: www.hobbiesforprofit.com

PROFITABLE HOBBY – RECRUITMENT AGENCY FOR SENIORS

Mary was a qualified nurse, aged 60.

However at her age, there are personal injury risks in that profession so hospitals tend not to hire seniors.

She needed income, and took on some part-time low paid work (from the local council) supporting the elderly in their own homes.

However she needed extra income and it occurred to her that she had ample time to start a hobby business.

Given her own experience, she realised that there must be a population of seniors out there who become “un-employable” at a certain age.

So she resolved to establish a recruitment agency for seniors, working from home with virtually nothing more than a computer.

Fortunately Mary had personality, and went out of her way to promote herself in newspapers that were read by seniors.

She also became passionate that firms could benefit from hiring experience, which helped her promote her hobby business.

Her fees were $25 per annum to be listed on her database, and $300 for a firm to look for suitable employees.

After the first year, she had over 300 seniors registered (revenue $7,500) and 15 employers had paid to look (that was an additional $4,500).

The key ingredients for this hobby to become profitable would be an abundance of personality, and loads of energy.

You would also need to find a large employer who was willing to employ seniors, otherwise you’d have an ethical problem with taking money from registrants without a genuine expectation of being able to match them up. But retail chains could become a major client, as they are often happy to employ seniors in shifts that students don't want.

Refer a Friend – Family, friends and work colleagues can benefit from a continuing flow of detailed case studies after you visit our membership site: http://www.hobbiesforprofit.com/

POLITICIANS ACKNOWEDGE: SUPER IS INADEQUATE

Politicians have finally acknowledged what most of us have known for some time – it will not be possible for superannuation to provide us with an adequate income for 20-25 years of dignified retirement for the vast majority of us.

Which is why I have been urging my private clients to build a portfolio of investment properties.

When the Australian Government announced the review of Australia's tax system in May 2008, the review was to look solely at the current tax system and make recommendations to position Australia to deal with the demographic, social, economic and environmental challenges of the 21st century.

This study – the Henry Review – was to consider (among other topics) the tax benefits afforded to superannuation, but now the terms of reference have been amended to provide for consideration of the adequacy of existing superannuation arrangements.

Of course the Association of Superannuation Funds of Australia have long advocated that the employer contributions should be 15%, and the major wealth management company AMP now believes that a target for “adequacy” is 65% of an individual’s pre-retirement living standards.

COTA Over 50s – reflecting the less affluent socio-economics of its membership base - has long advocated a retirement incomes system based on the actual cost of living in modest circumstances commensurate with contemporary Australian standards. A pension of 35% of male total average weekly earnings seems a good place to start, they say.

However none of these institutions have the solution to outliving our wealth, and inflation-protecting our income in retirement.

Which is why investment properties are so attractive.

If you would like me to help you explore your options, feel free to contact me – Bernard Kelly – anytime on admin@retirelaughing.com


YOU’LL HAVE TO KEEP WORKING


When the aged pension was introduced in 1909, you had to be 65 to qualify – as you do now.

However back then only 5% of the population was aged over 65; today 5% of the population is aged over 85.

Effectively healthier lifestyles and advances in medical science now allow us to live 20 years longer.

But the government can’t afford to pay us all the pension, hence the push to have us fund our own retirement by drawing an allocated pension off our superannuation savings.

However the reality is that, for most of us, super will never be enough.

For an explanation, let’s look at the “Ten Ways to $1,000,000” article in the Financial Review Smart Investor magazine of April 2008.

The No.1 strategy was for a 21 year old (who already had savings of $10,000) to contribute $5,000 every year extra i.e. above the employer’s 9% contribution, until age 65.

The result – “he’ll be a super millionaire by age 70” concludes the article. But there’s no mention of what that $1,000,000 will buy in 50 years time.

It goes without saying that their other nine strategies produced inferior results – so what’s the hope for us who are well advanced in our careers?

Superannuation is not the answer if you’re looking for 20-25 years of dignified retirement, but a portfolio of investment properties is.

This strategy works best if you’re still in the workforce, so that when you retire, you eat your super before touching your investment properties.

So you’ll have to keep working while you put that investment property portfolio in place.

If you would like me to help you explore your options, contact me – Bernard Kelly – anytime at admin@retirelaughing.com

Product Newsletter 1 January 2009

Investment property at frame stage in Ipswich for a private client (right)




WHAT WILL HAPPEN NEXT

Now that the four horsemen of the apocalypse (Fear and Anger and Gloom and Panic) have galloped past to a distant paddock, some of their audience will now realise

(1) that not all financial institutions have gone broke,

(2) that equities will have to increase in value due to the need by superannuation funds to invest their billion dollar weekly inflows, and

(3) that the real estate still offers an excellent investment for retirement planning.

If you would like me to help you explore your options for 20-25 years of dignified retirement, contact me – Bernard Kelly - anytime on admin@retirelaughing.com

IPSWICH NEEDS 116,000 NEW HOMES BY 2031

The number of new homes in the Ipswich local government area will treble over the next 20 years if the Queensland Government's forecasts are right.

Its draft regional plan for southeast Queensland, released on 7 December, predicts that the Ipswich region will need 116,000 new dwellings by 2031.

Ipswich Mayor Paul Pisasale's reaction was to declare: "Bring it on."Ipswich wasn't ready 10 years ago, but we are now."The new regional plan, which will be open to public comment until April next year, proposes that Brisbane's western corridor be the area's next major population growth.

The state's new draft regional plan for southeast Queensland forecasts that 735,500 dwellings need to be built in the region by 2031, a 65 per cent jump on the current number of 1.1 million.

Source: The Courier Mail 8 December 2008


WHY YOU NEED A FUNDING STRATEGIEST


According to ratecity.com.au there are 1092 different mortgage loan products available from lenders in Australia.

Perhaps half of these would be “investment property mortgages” but there’s no way that anyone apart from an independent funding strategiest would know where to source them, and which one suits a particular investor.

If you would like me to introduce you to a funding strategiest at the peak of their profession, contact me – Bernard Kelly – anytime at
admin@retirelaughing.com


HOUSING PRICES WEATHER FINANCIAL STORM

HIA, Australia’s largest building association says the Australian Bureau of Statistics House Price Index for the September Quarter confirms house prices remained relatively flat during the period.

ABS preliminary estimates show the price index for established houses on a weighted average for Australia’s capital cities decreased 1.8 per cent in the September Quarter. This contrasts to 2007, when established house prices were up by 2.8 per cent.

HIA Chief Executive - Policy, Mr Chris Lamont said, the result is as expected and reflects the slowing in the Australian economy over the same period.

The result is a far cry from the 40 per cent fall in house prices some commentators were predicting just weeks ago.

Relative to other forms of investment, housing is doing very well. It is worth noting that while other classes of investment have seen reductions in asset value of 20 plus per cent the housing market has been shielded by, record levels of underlying demand for housing in excess of supply and population growth from immigration.

“There is no doubt that recent drops in interest rates and a top-up of the First Home Owners Grant will also help in putting a floor under house prices,” said Chris Lamont.

HIA has stated that a fall in asset prices should be expected during periods of economic uncertainty.

But a chronic undersupply of new housing, conservative lending practices and population growth mean that Australian house prices in an aggregate sense are unlikely to see the same turbulence affecting other investments.

“We remain concerned, that restrictions on the availability of capital are placing additional constraints on the supply of new housing particularly for higher-density development. Impediments to new housing supply have already placed considerable pressure on housing affordability and it is essential that capital is available to finance new housing projects,” said Chris Lamont.

RISKS WITH DEFENCE FORCE HOUSING

What attracts many investors to Defence Force Housing is the 10 year rental “guarantee”.

Of course, when you understand the fine print, what this “guarantee” really means is that DFH will only keep paying you the rent while they need your investment property to house defence force personnel.

If a base closes, all that local DFH accommodation will no longer be required. With a glut of houses for sale, investors won’t be able to exit, and of course there won’t be tenants to occupy all of those ex-DFH properties.

Now the Rudd government has commissioned an audit by the Boston Consulting Group to slash $2 billion from the Defence Department’s budget.

Late in the Howard years, there were proposals to close the Woodside Army Barracks in South Australia and the Richmond RAAF Base in New South Wales. These proposals could be readily reactivated.

A far better investment strategy is to avoid such obvious risks and only acquire investments properties in a growth corridor adjacent to a major, diversified economic zone.

If you would like me to help you explore your options, contact me – Bernard Kelly – anytime at
admin@retirelaughing.com

LIFESTYLE NEWSLETTER 15 December 2008

feel free to contact Bernard Kelly (right) admin@retirelaughing.com

MALAYSIA LURES RETIREES


Malaysia now appears to be the destination for choice for a growing number of retirees.

It offers the “Malaysia My Second Home” program to entice middle income retirees with a ten year renewable visa, and other benefits – such as the ability to own real estate, no tax on offshore income, and options to buy locally made cars tax free.

The appeal of south east Asia as a retirement destination is endless summers and low daily living costs.

Medical facilities, once a major worry in less developed countries, are highly regarded in Malaysia.

Malaysia offers secure land titles, a liquid market, a favourable tax regime, the ability to borrow against the property to enhance the investment return and stable government.



Applicants are expected to be financially capable of supporting themselves for ten years on this program, without the need to work and they must lodge a fixed deposit placement of RM150,000 (US$42,000).

ENCORE CAREER - TEACHING



Teaching appears to be the encore career of choice, judging from the boom in articles and studies about people taking up the challenge of public school classrooms.



“Clearly it’s not for the money,” writes Meg McConahey in the Santa Rosa Press Democrat.





“For many, it is a calling that went unheeded early in life in favor of a more lucrative career. For others, it is a chance to reconnect with a subject they once fell in love with, whether it be art, literature or history.”



The story highlights Dave Donnelly, who co-founded a successful biotech company, sold it to a Japanese corporation, and returned to his first love — teaching.





“Students are amazing. They’re funny. They have incredible insight. I write down pages of things I’ve learned from students,” the economics teacher at Sonoma Valley High School told McConahey.



Education, and teaching in particular, topped the list of desired encore careers in the MetLife Foundation/Civic Ventures Encore Career Survey of 44-70 year olds, released earlier this year.





That finding was confirmed by a survey for the Woodrow Wilson National Fellowship Foundation in Princeton, N.J., which found that 42 percent of college-educated adults ages 24 to 60 would consider teaching as a career.



“There are many people of this generation who are extremely idealistic and who came out of the spirit of all that was going on when they were growing up and had a great desire to make a difference in many different ways,” said John Gomperts, president of Civic Ventures, which publishes Encore.org.



“But a lot of people get diverted, and life intervenes and you end up being something you never thought you were going to be. And yet for some, there is a little flame that still burns with idealism and their dreams deferred.”



Sourced from encore.com 15 November 2008


PROFITABLE HOBBY – SELLING RAW PEANUTS

This hobby business would suit someone who’s already not working a full week.

If you’re ever worked in an office or factory, you will be familiar with Honesty Snacks – the mini stand of low value chocolates with an adjacent honesty box for your money.

And even more profitable hobby business (so I’m told) is to package up raw peanuts and sell them in factories.

You don’t need much equipment to get started, and raw peanuts are easy to source.

You’ll need to pack 60 grams into clear cellophane bags and arrange a fixed schedule to refill your display (and collect your money).

Pricing might be tricky – but try to sell at four times the cost of the ingredients. The rationale is one quarter for the raw materials, one quarter for wastage, one quarter for overheads, and one quarter for profit.

If customers baulk at your price, just say “unless I make a profit, I can’t provide the service”.



PROFITABLE HOBBY - SPIT ROAST CATERING

If you have had any experience in catering for a large family group, chances are that you hired a spit roast rotisserie to handle the cooking.

Now you could move on and upwards by commencing a (weekend) spit roast catering microenterprise yourself.

THE BASICS

You probably need to put a business plan down on a sheet of paper – nothing too elaborate – however it will help you to avoid mistakes.

THE PRODUCT

Let’s assume that you will start with offering “a popular value for money option suitable for all occasions” service and only on Saturday evenings.

To get you established in the marketplace, you will need to know who to target and then develop an appropriate brochure and website.

MARKETING

Basic spit roast catering is ideal for informal groups – such football and sporting clubs, community centres, and church groups.

Once you establish yourself in one of these markets, your business will expand automatically as you will know where to look for customers, and other groups will hear about you and come automatically to you.

Ideally you will need a brochure, a website, and a mobile phone.

A simple website is essential for this hobby business, as your target market will go online to search for supplies when the committee decides to have a spit roast event.

Try to obtain the mobile number 1300774877 which you promote as 1300SPITROAST. Don’t worry about the length of the name, because your phone will ring once they get to ten digits i.e. 1300SPITRO

SETUP COSTS

You’ll need to acquire a rotisserie (buy one second hand off eBay).



If you plan on a rotisserie suitable for a whole pig, lamb, or pieces of meat on the prongs or grills, you might be lucky and find one for sale for less than $1,000. Otherwise you may have to buy one from a manufacture for around $1,500.

As well you’ll need a trailer to transport it, and you’ll need to buy linen table cloths for the buffet, plus servingware, tableware and serviettes.

Plastic plates and utensils will be adequate for informal events.

And as you’ll need staff to cook, carve, serve and clean up, you will need to formalise a business structure. The cheapest form of business ownership is to register as a sole trader.

THE MENU

Start by offering only one menu - Crackled Roast Pork with Apple Sauce with say six vegetables.

Plus freshly baked breads & butter packs

Plus a choice of say three desserts.

PRICING

Spit roast business charge per person, for a minimum number.

An appropriate pricing could be $35 per person, with catering provided for a minimum 50 guests.

If anyone quibbles about the price, just say “if I don’t make a profit, I can’t provide the service” and move on to your next client.

REVENUES

With upgrades, your average revenues should come in around $2,000 of which $1000 should be profit (before you pay yourself a wage).

By your second year, you should have recovered your start-up costs, and be making true profits.

THE FUTURE

As this profitable hobby grows, you will eventually need to have access to a commercial food preparation area and kitchen, with the necessary approvals from the relevant authorities.
Don’t build this commercial kitchen into your family home, as when the time comes to move on, you won’t be able to separate the home from the business, and consequently you won’t be able to sell either.

In time, this microenterprise will have developed a repeat client base, and will be able to be sold for a tidy sum.

If you need a website to assist you with your profitable hobby, go to www.valuewebsites.info


IDEAS FOR PROFITABLE HOBBIES

If you have even only the slightest notion of what your hobby is (or could be), go to PayPal Shops to see what others in your niche are selling.

The link is https://www.paypal.com/row/cgi-bin/webscr?cmd=_shop-ext#

As a simple example, if you have an interest in herbal remedies, go to PayPal Shops and look under “herbal remedies”.

There are hundreds of products there, each being made by a home based business and being sold for real dollars.

As you browse this online information resource, you will be able to create a list of what products you are attracted to. Then you will be able to create those which will be most appealing to customers and clients.



Coming soon: additional profitable hobbies at www.hobbiesforprofit.com

LIFESTYLE NEWSLETTER - 15 November 2008

If you retire with more, and with more options, we will have succeeded!


LOW COST HOLIDAYS – SWAP YOUR HOME

If you feel that the costs of holidays will get out of reach for you in the years ahead, explore this option without delay.

There are many sites on the internet where you can research home swapping.

A typical site is Aussie House Swap at www.aussiehouseswap.com.au

They say they are a quality home exchange database for those who love holidaying without huge accommodation costs.

Visitors can scroll the house listings for free but only members are able to make contact with other members privately via email.

Members are in total control with who they want to swap with e.g. seniors may prefer to swap with other seniors.

Membership costs $48 for 12 months.


PERFECT GIFT FOR BOOMERS

Here’s a hilarious board game about retirement for baby boomers.

It combines nostalgia, life experiences and fun.

The game builds on three concepts involving the existence of a future retiree: life experiences, health and property.

The game is played with two, four or six people and takes about 90 minutes to play.

The game is available at www.BabyBoomerRetirementGame.com

GO OVERSEAS FOR ELECTIVE HEALTH CARE PROCEDURES

With today’s high cost of hospital care, many Australians are boarding planes bound for exotic places -- not for sightseeing or vacation but for knee and hip replacement surgery, bariatric procedures and heart by-pass surgery.

Every area of business is moving toward a global marketplace and healthcare is no different.

Historically citizens from around the world came to the centres of excellence in the United States, Europe and Australia and that of course continues.

However, the high cost of hospital care and the advances in medical technology around the world are encouraging citizens of developed nations to travel elsewhere for major elective health procedures.

If this appeals to you, a major provider of medical tourism is BridgeHealth International, Inc.

They say that they have assembled the most extensive provider network in the industry, with over 25 hospitals and 600 physicians, dentists and health professionals in more than 10 countries - and growing.

Their network of accredited facilities and world-class practitioners allows you to take advantage of the benefits of medical travel without the uncertainties and guesswork.

SOCIAL NETWORKING FOR BOOMERS

BOOMj bills itself as the leading niche portal with social networking and e-commerce serving Baby Boomers and Generation Jones.

The portal integrates content, social networking, e-commerce, and advertising, in health, finance, politics, technology, entertainment, travel, and lifestyle.

Go to www.boomj.com

PROFITABLE HOBBY – WRITE AN E-BOOK

There are probably thousands of people that would love to know your secrets or tips you've discovered over time about your hobby or expertise.

Publish what you know and love... and monetize it.

You simple create an informational web site and blend it with affiliate programs, blogs, referral deals and AdSense Ads.

Over time you could earn $1000 per month from an online, niche-oriented business.

And once you have mastered that level of income, you would then want to go for $1000 per week, wouldn’t you?

Start with one e-book and create a web site around it.

If you need a website that enables you to make sales, go to

www.valuewebsites.info


PROFITABLE HOBBY – VENDING MACHINES


Peter Arnold emailed me about vending machines.

He has 42 vending machines for sale as he is moving to the beach.

They are bulk lolly machines and they vend a handful of lollies such as M&M’s, Jelly Beans, Nuts, etc, into little white paper bags.

This is a genuine part-time small hobby business (where the hobby is making money) as a machine only needs servicing (re-stocking, collecting money) every 4-6 weeks. So if you only serviced 10 in one day, that’s only 4-5 days work every 4-6 weeks.

None of the machines are on location at the moment, but good sites should be easy to find. They do particularly well adjacent to kid’s playrooms in hotels, in video shops or in 24 hour convenience stores, he says.

Sales of $1000 per month is easily achievable, says Peter. One machine in a very good location can achieve $150-$200/month, so if effort is put into finding good locations then a return more than $950 is possible. It costs about $40 to fill a machine

The purchase price for the 42 machines is $28,500 with a discount given for site finding costs, and start-up stock. Full training, support materials, spare parts, and phone support is included.

You can obtain further details from Peter on (07) 3321 1107

WILL YOU HAVE ENOUGH?

If you feel that you may not have enough for 20-25 years of dignified retirement, let me help you explore your options.

Contact me – Bernard Kelly – anytime on admin@retirelaughing.com

Lifestyle Newsletter 15 June 2008

Our goal - helping you from zero investment properties to ten - for your retirement!

BOOMERS ARE “OVER CONFIDENT”

A recent survey by Lincoln Financial Group in the United States sought to capture a thorough understanding of how boomers perceive long-term care and long-term care insurance.

It uncovered a number of very interesting and thought-provoking findings. Most significant, however, is an “overconfidence” effect plaguing the baby boom generation.

For example, while more than 80% of boomers surveyed say they know that long-term care costs could significantly reduce their retirement income and assets, 73% can’t believe it will happen to them and are completely ignoring what they know will happen to everybody else.

If you personally are not “over confident that you can afford 20-25 years of dignified retirement” and plan to take action, contact me anytime: I’m Bernard Kelly at admin@retirelaughing.com

NEW PRONOUNCATION TO LEARN: 100th

I remember when Richard Nixon was elected President of the United States, a friend said to me “President Nixon – it’s difficult to pronounce, but we’ll get used to it”. As we did.

Now here’s a new word which, at the moment, is difficult to pronounce: 100th.

We’ll get used to it – as already you can buy birthday cards for someone you know who is having their 100th birthday.

If the birthday card people can make money out of these cards, they obviously see there’s a market emerging. They obviously expect that many of us will get there.

But if you don’t think you’ll have enough for 20-25 years of a dignified retirement, contact me anytime – Bernard Kelly mobile 0414 778 518 skype bernard.kelly1944 or just hit the reply email button.

PETER CUNDELL TO RETIRE - AGE 80

Peter Cundell, the host of Gardening Australia on ABCTV, has announced that he will retire at the conclusion of this year’s series.

He is 80.

More and more of us will not be retiring at age 65. One reason is that we can’t afford to. Another reason is “why should I? I’m still young”.

If you want me to help you explore your options, feel free to contact me anytime.

HOLLYWOOD ACKNOWLEDGES “SENIORIZATION” OF SOCIETY

Harrison Ford is 65 years old and still starring as Indiana Jones. Clint Eastwood is 78, and about to do another Dirty Harry movie.

Helen Mirren is 63, Faye Dunaway is 63 and Judy Dench is 73. They each continue to accumulate films and rewards.

Society continues to age, and Hollywood is moving with the times.

The point is, of course, that we will all live longer than our parents. For them, the expectation was to retire at 60 or 65 and die ten years later. The pension was adequate for their brief retirement.

But today, we have to self-fund our renaissance years.

If you feel that you won’t have enough for 20-25 years of an active, dignified retirement, phone me Bernard Kelly anytime on 0414 778 518.

FIVE RETIREMENT MUST-KNOWS

Human beings, it is said, are distinguished from our animal cousins (no slur against the in-laws intended) by our ability to plan ahead. While that may be true, it's difficult enough for most of us to plan anything just six months ahead, like a summer holiday. So how on earth are we supposed to deal with something in the distant future -- like retirement?

In an effort to kick-start your retirement plans, we'll take a cue from the animal kingdom's "fight or flight" mentality and scare you into action: If you don't do something right now to assure your retirement, you may end up living in a caravan park, on the pension.

So to avoid that outcome, I offer my “Five Retirement Must-Knows”. They are pretty simple:

1. This isn't your parents' retirement.

Think back about 30 years. Our parents relied on the pension and savings. Retirement didn't last too long because life expectancy didn't go far beyond the age of 70. And the average male didn't even make it that far.

Your retirement will be very different. You will live longer, and you'll have a more active (i.e. expensive) lifestyle. Your parents may have survived on 70% of their pre-retirement income (perhaps you've heard this common rule of thumb?). But that's probably not enough for you.

2. No one's protecting your back. Sorry 'bout that.

If you’re basing your retirement on the pension, super and savings, think again.

The Pension: It’s just over $20,000 for a couple.

Now that’s under the Poverty Line. Imagine that you are fortunate and have your house paid off, but given the cost of living and increasing council rates and the need to keep paying for private medical insurance, retirees simply can’t survive on the pension.

But don't expect that to change. As the baby boomers retire and put a strain on government welfare, benefits will have to be cut.

Superannuation: When you think about how they are marketing superannuation, it’s all about the immediate tax savings. They never say “it will make you wealthy” or “you’ll have enough” or “it’s inflation protected”.

Superannuation is forced savings, but the major saving is in Canberra - the government won’t need to pay us all the pension. (They know they can’t afford to). So don’t rely on your super.

Go on. Do the numbers. In what year into your retirement will your super run out? And what will be the purchasing power of your entitlements in 10,15 and 20 years’ time?

Savings: No-one actually saves. We only save 5 cents in every $100 that we earn. However if we turn to investing, the good news is that this one decision -- to invest or not to invest -- will have the biggest impact on the quality of your post-work life. As we are good at paying our bills, we will keep investing automatically - once we start.

3. It's never too early -- or too late -- to start investing

Here are the facts about starting early

Let’s take four investors: A who is aged 25, B aged 35, C aged 45, D aged 55.

Let’s assume that each of them invested $5,000 per year for ten years, but after that never added another dollar to their investment.

As you know, three things -- that are completely under your control -- can have a sizable impact on your retirement nestegg: 1) how much you invest, 2) the rate of return you earn on your investments, and 3) the number of years those investments have to grow. So no matter your age, the sooner you start, the more money -- and options -- you'll have.

Even though each person invested the same amount of money, they have significantly different amounts at retirement. For example, Investor A began investing $5,000 a year when she was 25 years old and stopped when she was 35. For the next 30 years, she didn't contribute any more money and she didn't withdraw any money. She just left the account alone.

Investor B, on the other hand, waited until he was 35 years old and contributed $5,000 a year until he was 45. As you can see, that difference of a decade is substantial. At retirement,

Investor A has $420,000 more than Investor B -- over twice as much. In fact, each investor in the chart above has more than twice as much as the person who started 10 years later (except for Investor D, of course, but she's a lot better off starting at age 55 than someone who waited until age 65).

4. There's really only one place your retirement savings should go.

While we've got our calculators out, let's take a look at what an investment can do when you leverage the bank’s money into residential property investment.

When the tenant pays half of your costs, and the taxman paying between 25-33%, you’re riding the gravy train.

Think now about your retirement. When will it occur -- 20 years from now, five years, tomorrow? If you're close to it, or are already retired, how long must the money last? Now think about your retirement investments. Is the bulk of your money positioned for long-term growth (i.e. property) or short-term stability and income (i.e. shares, super and cash)? The mix you have in these instruments is something you must decide for yourself.

5. When Canberra gives you an inch, take a mile.

Our last revelation about planning for retirement is, quite simply, this: Be greedy.

The tax legislation lays out what the maximum the government can take from you – provided that you agree to let your money go to Canberra in the first place.

Remember, it’s your money, and it’s quite legal to spend it on your investment properties. The taxman doesn’t take your money – in reality, you give it to him.

So be greedy, and keep it for yourself.


If you feel that I can help you explore your options, contact me: Bernard Kelly mobile 0414 778 518 cell 61 414 778 518 admin@retirelaughing.com skype: bernard.kelly1944