Sandwiched between adult kids and ageing parents, and seeking financial freedom? Take control of your finances today and secure a stress-free future tomorrow.
Managing money can be a major source of stress, especially for members of the ‘Sandwich Generation’ - those in the last decade or two of their working lives and feeling stretched by supporting adult kids on one side, ageing parents on the other and with their own retirement on the horizon.
The Money Sandwich provides practical, easy-to-understand knowledge, tips and action lists on all aspects of financial management for your pre- and post-retirement years.
You’ll learn how to:
- manage debt and take control of your money
- build a diverse but secure investment portfolio
- understand superannuation (finally!) and how to optimise it
- navigate insurance, aged care and estate planning
- set up your children for a worry-free financial future.
Everyone deserves to retire comfortably and on their own terms. Make this the year you take action!
Marc Bineham, now part of the sandwich generation himself, has had a long career of over 30 years in the financial advice profession. As a Money Coach, Marc continues to help families to get on top of their money worries, manage their money better and live a more fulfilled and balanced life.
Table of Contents
Acknowledgements ix
About the author xi
Preface xiii
Introduction xv
Part 1: Back to basics 1
1 Taking control of your money 3
2 Getting to grips with debt 25
Josh and Liz’s story - the best house in the street 48
Part 2: Planning for financial freedom 51
3 Laying the groundwork 55
Jamila’s story - we all need a plan 75
4 Building an investment portfolio 79
5 Optimising your superannuation 119
Patrick and Amanda’s story - the sea change 152
Part 3: Planning for life 157
6 In case the unexpected happens 159
7 The sandwich generation and the older generation 197
Maree’s story - I always thought I had time 210
8 The sandwich generation and the younger generation 213
9 You can’t spend it if you’re dead - the importance of wellbeing 231
10 It doesn’t end here: Next steps and the importance of advice 241
Pino and Rita’s story - all advisers are not the same 258
Glossary 261
