Victor Frankl - Man's Search for Meaning
It's no secret the COVID19 pandemic has hurt many Australians and has either derailed many of us from our financial goals or has forced us to re-prioritise our current situation.
With historically unusually low interest rates, many Australians are now prioritising their debt and looking for strategies to consolidate and pay down credit card debt much faster than they previously had planned.
This is a great step, but how do we make sure it's just not just another stand-alone opportunity to take and miss the chance to pause and refocus our thinking about what we all actually want to be doing?Read more
Some interesting insights I thought.
He went on to list emerging business examples of the new sharing and rent-on-demand economy including renting music through Spotify, accessing movies on demand from Netflix, renting a community car (or van) from the Car Next Door and renting movies online direct from YouTube.
Add to this ever growing list of rentables the prospect of renting a driverless car in the future and it was a great high level presentation; all until he made the rookie mistake and said,
‘So what's the point of owning a house today, when I can just rent one or rent an Airbnb whenever I want?’
With that potentially naïve comment to a room of financial advisers his presentation fell off a cliff into irrelevance, all because he didn't understand the place family home ownership holds in the Australian economy.Read more