S3 E4 How much is enough?
Play • 19 min

Cam McLellan chats with his colleague, Matt Lewison, about the number one question people ask: 'How Much Is Enough?'

Cam discusses his method of calculating how much is needed for retirement, working backwards from where someone would be without an investment plan. 

Cam's initial goal of $100k annually in passive income was not achievable using super.

Matt stresses the importance of revisiting and adjusting goals along the way. OpenCorp can provide a goal sheet for those who need some assistance with this step!

They both agree, that its the reason for investing that is really the important things: 

  • Holidays
  • Deposits for kids own houses
  • Freedom from 'bad debt'
  • Turning assets into an income

Matt mentions the problem of expenses increasing to match the upswing of income.

There are three phases to the investment journey:

  • Acquisitions phase - Buying as many properties as you can hold while you are able to have strong earnings
  • Holding phase - let the assets increase in value but do not let the debt go up. Clear your principle place of residence debt as possible
  • End phase - use your portfolio to provide income

The pair finish by discussing the upcoming OpenCorp client portal and the data clarity it will provide to clients.

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