Informative video. However, what's with the freak ANNOYING zoom in/zoom out on your dial? Very annoying and has stopped me from bothering to watch anymore, the 'style' you're applying is something that was common in the 80's with people making their own website and hence died with the dinosaurs, catch up!
@raycorc4 күн бұрын
@@TheSenutyenool it’s not worth a convo my guy, we both have bigger fish to fry
@Ivan-zz9hd10 күн бұрын
Number seems quite low in both average and median...even with 400K probably will not provide a comfortable lifestyle...
@matthewthehawk106610 күн бұрын
Nice video - subscribed
@raycorc10 күн бұрын
@@matthewthehawk1066 thanks for watching Matthew, appreciate it!
@harpreetsidhuaustralia12 күн бұрын
how do we get tax summary reports from pearler?
@Offshore21022 күн бұрын
Thanks for helping me.
@raycorc22 күн бұрын
you're welcome - thanks for watching!
@harpreetsidhuaustralia23 күн бұрын
Hey Ray, thanks for this video. Do you really have 450k invested in ETF’s? Can you please give little breakdown? Thanks:)
@raycorc23 күн бұрын
Hey Heypreet I did have a large amount invested in ETFs about 2.5 years ago. I think it was 300-400k, maybe more - I forget the exact amount, but I ended up selling a bunch of it to put a 700k deposit on our family home. I am still a fan of ETFs, but I wanted to buy a family home!
@harpreetsidhuaustralia23 күн бұрын
@@raycorc thanks of replying:) 🙏
@raycorc23 күн бұрын
Nice work with your channel by the way!
@harpreetsidhuaustralia23 күн бұрын
@@raycorc Thanks
@thetreekeeper14325 күн бұрын
Women initiate divorce in their older years because they're sick and tired of their husbands frugality and get half the husbands assets.
@raycorc23 күн бұрын
hope that doesn’t happen to me
@malkov000126 күн бұрын
I'm 49 yrs old and my super balance is $650K. My wife just turned 50 and her super balance is $550K - lower because she took a year off for maternity leave and her income was lower than mine over the past 25 years. with re-investment of dividends/interest, employer and personal contributions... these figures should double every 10 years if 7% pa return is compounded. I DO NOT understand why your stats are so low.
@Nerdificationing29 күн бұрын
You should really take more advantage of super... maxing your concessional contributions is strongly recommended
@raycorc29 күн бұрын
you’re right - funnily enough I am planning to make a voluntary contribution later in the year to use up my last 5 years of caps
@Nerdificationing28 күн бұрын
@@raycorc excellent, because even if you're going for FIRE you can use super from 60 onwards and use brokerage from early retirement to 60 👍
@sbiswas5431Ай бұрын
Hi Ray, could you advise how can i sell my Pty ltd Australia based Railways engineering products supply business, if you could advise. Or you can lead using your digital advertisement skills. Company turnover is not sizable but has promising growth as we have metro rail approved products...
@raycorcАй бұрын
how much profit did the business do last year? if it was minimal then it’s going to be tough to sell for anything meaningful, unless you have some huge email database or other assets/relationships people would find valuable
@sbiswas5431Ай бұрын
Your simplicity is amazing in today's world... i love to use you discount code. Is it still valid? Please do such analysis of other AI apps 🎉
@AG-so4glАй бұрын
Stand by for property crash then
@philippaul9946Ай бұрын
Thank you for sharing ☺️🙏
@raycorcАй бұрын
you're welcome, thanks for watching
@bebekkartalАй бұрын
Can you please update the data for QLD?
@raycorcАй бұрын
Content was accurate at time of filming (not long ago) check govt website if anything has changed since - qro.qld.gov.au/property-concessions-grants/first-home-grant/
@sallyjohnson5985Ай бұрын
At these levels I don’t see how 99% of boomers will be able to survive without a pension plus downsizing if they own property if they want a comfortable retirement.
@emCEEohАй бұрын
Men die younger? Super is being passed onto women? Just guessing.
@gourabsarker9552Ай бұрын
Sir how much do you on average earn a month living in Australia? Plz reply. Thanks a lot.
@gourabsarker9552Ай бұрын
Sir do you earn 250k dollars a year? Plz reply. Thanks a lot.
@groeauАй бұрын
Hi Gourab not sure how that's relevant to this video but yes more than that (and no you can't have any of it)
@DeanneMackness2 ай бұрын
Super saver account
@leannemclean55492 ай бұрын
Can I ask who your buyers agent is please?
@raycorc2 ай бұрын
G’day Leanne, I used Propertyology based in QLD
@leannemclean55492 ай бұрын
@@raycorc Thank you. I’ve heard of them. I’m going to go with Pumped on Property I think. Do you know anything of them?
@raycorc2 ай бұрын
I don’t know anything about their services, I’ve seen they have a KZbin channel Guess it comes down to who you feel has more experience, has a more thorough process and also - for me I want to know they have a solid portfolio themselves, not just 1-2 properties ahead of me (like many of the new ones out there)
@priyadhokiya56222 ай бұрын
Hi, Corcoran we want to apply Frist home grant in revenue S.A. can you help me???
@raycorc2 ай бұрын
Hi Priya, check the links in the description for info on applying for each state
@willnewby52042 ай бұрын
Median or Average if that’s all Australians have in Super they are screwed! I have never prioritised my Super but I’d have four times this, and even that’s stuff all!
@AL.BUNDY.2 ай бұрын
Vegemite is tastes gross. Fosters beer is also yuck.
@mackapearson2 ай бұрын
Thanks for waffling on for 5 minutes before you got to the point so your video could be 10 minutes long 🙃
@raycorc2 ай бұрын
thanks for your $0.000003 in ad revenue 🙏
@mackapearson2 ай бұрын
@@raycorc lmao well played lol
@TheFool888882 ай бұрын
Thanks Ray💯
@raycorc2 ай бұрын
you’re welcome mate thanks for watching
@kellyr26812 ай бұрын
The reason the women catch up that fast is because they are divorcing their husbands and cleaning out their ahusband's ssets. Either that or their Husbands have died and inherited all the assets.
@j_casatt2 ай бұрын
Hey mate, those figures of 125k and 200k for individuals as a limit, is that after of before tax ? Thanks.
@raycorc2 ай бұрын
Before tax Based on your income stated on your notice of assessment
@martinthen53222 ай бұрын
The reason why women catches up is because on retirement, men are still expected to provide so they spend their super at a higher rate than women. One example is me.
@FirehawkVFX2 ай бұрын
2 important points that are missing from this. When it comes to certification, only deal with someone that is REBAA certified. Also a buyers agent that gets paid as a percentage of the sale is a conflict of interest, don't use them - if they think they should do this I don't see how they can be trusted to negotiate the lowest price for you.
@raycorc2 ай бұрын
Yep agree I used REBAA certified for mine but I don’t think it’s compulsory - I didn’t decide based on that and I know good BA’s who aren’t (and vice versa) Certainly doesn’t hurt And yep direct fee is the only way I’d use one, thanks for watching the video
@rachelhall46722 ай бұрын
How long is the family home guarantee in place for?
@raycorc2 ай бұрын
At this stage it ends on 30th June 2025
@bbbelay2 ай бұрын
Have you got one for 2024
@raycorc2 ай бұрын
Hey yep they have released new data since I filmed this video: check it out here www.abs.gov.au/statistics/labour/earnings-and-working-conditions/employee-earnings-and-hours-australia/latest-release
@imeldamogi2 ай бұрын
independent
@imeldamogi2 ай бұрын
VVIP
@davestuff1002 ай бұрын
At 65 she has worked him to death and inherits his super. Just a theory
@user-ly4my3yy5r2 ай бұрын
What to do when reporting for tax is this generated from app?
@AndrewMaloney-zi3hi2 ай бұрын
At a 7% return, your super will double every 10 years (that's just maths). So towards the end, you get enormous jumps in wealth, if you dont touch it.
@rodnellorilla97802 ай бұрын
Are those after tax or before?
@spacemarine82893 ай бұрын
Women catch up because their husbands die and leave everything to them.
@j1-243 ай бұрын
Might be good for early years learning but the teenagers stop giving a rats ass. Get to uni and crumble like a pack of cards coz they’ve had their ass wiped for too long.
@raycorc3 ай бұрын
Yep that is definitely real, I know a bunch of people who went to private school and they literally had life on easy mode for so long. Many of them had zero drive though, and why would you when you have everything..
@j1-243 ай бұрын
@@raycorc the opposite of this is when the not so well to do parents sacrifice heaps to put their kid in a private school and they hound the kid on grades and homework and everything. Absolutely turns them off education. In the long term. I’m fairly successful (35, paid off mortgage, earn 100k plus) and I didn’t even finish high school and no one has ever asked me about high school in job interviews.
@azr62883 ай бұрын
Thanks Ray , is ANZ CBA good ?
@harleydrew71003 ай бұрын
At retirement age my financial adviser encouraged me to give my wife a large sum of my super money to balance her0 investment, sorry. motorcycle motorcycle
@Emilie-sn9kh3 ай бұрын
Thank you for your video, could you share some thoughts about any down side of the “ help to buy” scheme please? As a single parent myself really hard to get the house loan ,so thinking to use this scheme when available in QLD. .
@dionetan483 ай бұрын
why did you choose stockspot over more wellknown investment platforms like vanguard?
@tylermcginniskin31993 ай бұрын
Now that is an exceptional learning video, kudos teacher & students 🎓🏠
@raycorc3 ай бұрын
Thank you
@santhoshjakkani69283 ай бұрын
Hey Mate, I think in VIC there is no stamp-duty if the property is under 600k not 650k. 1:45
@raycorc3 ай бұрын
thanks Santosh yep you’re right sorry - editing typo!
@simonzola79993 ай бұрын
It's divorce and payments
@user-ie1xn3jp6f3 ай бұрын
there's no men 60-65yrs doing labor type jobs, women stay in work force
@heyluv17113 ай бұрын
Is Biomedical Engineering or Coper/patent Lawyer paid more? Which is highly paying & has flexible working hours
@raycorc3 ай бұрын
Check Google or Glassdoor for the typical salary ranges I know lawyers generally don’t have flexible working hours. I’ve had clients who are IP lawyers and some worked crazy hours and others did more contract work where it was more flexible Either way focus on something you’d enjoy - no point doing bigger hours in something you hate
@COVIDPLAYSOFTHEWEEK123453 ай бұрын
Regarding the super scheme the contribution can be concessional which is massive. Biggest free money glitch in the country particularly for those who earn over $100k annually.
@LazyLegend233 ай бұрын
Hey mate, genuinely helpful video. If I was living in NSW would I be able to get a grant for a different state, e.g. Victoria??
@raycorc3 ай бұрын
Thanks for watching mate - we’ll potentially but it’s only for a house that you’re going to live in (for 6 or 12 months minimum for most states) So you’d have to move to Vic for a period first to live in it And you can’t get the grant twice so if you used it for Vic that’s fine but won’t be able to use it again in NSW for example