The last time I posted on here I was gung ho to retire early. I have health problems that may or may not force early retirement. I am 40, have about 100k in savings, 60k in superannuation. No house, no dependents, own my car outright. No debts. I am currently working as a training doctor in Australia and specializing with 70hr+/week + massive study requirements. The program is very draining. I find I have no time to come up with intelligent strategies for retirement or investing. I have salary sacrificed the maximum 25k into superannuation this year. I put my money in an account earning 4-5%. I take advantage of a few perks like a meals and entertainment card (dining out is taken off pre tax dollars) I try to live well below my means. ................ There is an upcoming election. The Aussie dollar is loosing value against US$. Interest rates have been lowered. There is a housing bubble here but the government repeatedly does things like small grants and other stimuli to get people to buy into the market. Many people see a recession coming since this country has relied on the mining industry for too long. I feel like the investment of time and energy into my training is currently more important than spending time working out what shares to buy or how to get into the housing market. I realize that after taxes, that 5% I am earning is basically 3% so just keeping up with inflation. I have 2 more years of training and think that my current strategy isn't going to cause me to loose years of retirement but am I wrong with this thinking?
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