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This makes sense. Simplest approach if it's just you: higher risk/higher yield options in your early career, then when you are getting on a bit (relatively) transfer into a safer super option with lower returns but low risk. Most super funds have options such as 'high risk', 'balanced' and 'low risk'. I would start there before going into SMSF as Romp suggested.You are young, bet the house on black
Even if you lose half its going to be fk all and your income will hopefully be rising as you climb the ranks.
Later on switch it to something safer.
Re smsf you need minimum 100k in super to even consider doing this, it's a good thing and combine with a spouse /family for leverage
Can't recommend the no spend club highly enough.
It's a great challenge and there is a fantastic satisfaction in resisting the endless 'sales' and perceived bargains on offer (particularly online).
Clearly Herringbone need to send you more emails to entice you to spend. I'll let them know.
What age do you plan on retiring.
Money rules -(disclaimer - I am not a financial advisor and this is not a financial advise or guide )
Have at least one secret bank account.
Have statement suppressed / online only
Don't tell your partner your real after tax income - maybe deduct $200-$1000.
Get your salary paid on this secret account. Leave that $200-$1000 in there transfer the rest back to your regular account. Payment reference salary.
There you go... Have surplus in your account do what ever spend it how ever you like . After all you have earned it.
I got an SMS from them last night!
WTF!
You should take out an ASBO - Aggressive Sartorial Behaviour Order.
Anyone been into Herringbone to see what's been reduced? If something is on sale + 25% that's not a bad deal...
This is almost what I do, I put 10% away each fortnight to spend on whatever I like. The rest gets divided into bills/house deposit savings. Although the money isn't handed over to the girlfriend (Chinese/Aus) she still checks my accounts occasionally to ensure I'm not spending on unnecessary things like shoes and clothing, and that most of my money is going into the house deposit savings account. The system works well and it stops me spending excessively. She already has a house and I'm playing catch up! (Only 23).
Selling a pair of Lanvin trainers in Size 44 if anyone is interested?
http://www.ebay.com.au/itm/201064559900?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649