I loved your article about the million dollar mortgage. I've had one for years and found the best way to survive it is to open another account in a different bank for day to day banking. An accountant once told me that my house would pay it off in the end, and that day is getting closer, but I'm 80 and he has since had a nervous breakdown.

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Hi Mr Corby

How refreshing, to read your article 'What Happened to ....a Million Dollars' (May 14th 2021). Thank you. It occurred to me in recent days, how much pressure many families/couples endure day-to-day. 'Making ends meet'..'keeping up with the Jones' '.

'Greed', or fear...? when referring to owning and striving for at least one mortgage in your lifetime. Fear of an inadequate financial retirement. Fear of prospective Govt. policies, and more financial regulative measures/limitations in respect to investment properties in the future - 'changing the rules/the goal-posts' again..

'Humans want more..' or are fearful of missing out if they don't act quickly?

The 'crossiant' you refer to...

Often, a cappuccino and a crossiant once a week/fortnight is a special treat for me, and many others. Costing $6 coffee and $9 - $12 crossiant. A loaf of bread is $2 - $4, and milk $2 approx. Putting it in perspective, one often holds a tinge of guilt, while devouring an expensive pastry..with the boutique coffee. 'Can I not have a little something occasionally?' I often tell myself, after all the sacrifices.

Whilst keen to support local businesses (cafes, eateries etc), I'm more enthusiastic for free/inexpensive activities (bush-walking - picnic, kayaking - fishing, cycling, BBQs) It's a matter of financial preservation/survival.

Subconsciously, we're asking ourselves 'have I provided enough for my family, retirement - the long-term.

I realised recently that, along with several properties between their parents, life insurances, heirlooms, inheritance, my children (aged 19 & 20) will be far better off financially than I have ever been. No wonder Baby-Boomers are tempted to spend their children's inheritance.

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Why should parents be concerned about leaving an inheritance, spend the coin and have fun!!!!

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Due to your lack of brain cells shop owners were not happy to pass on the 10 percent GST. It cost them alot more with the extra expenses related to the tax,pea brain

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I am a self funded retiree and having gone through a divorce I am still in a great financial position because I have always thought about my retirement and being financially secure.So I beleive its a mindset that you need throughout your working life to get educated on your finances.

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I think to many real estate buyers are getting hoodwinked by greed vreal estate agents and underquoting ,but now they are updating the quotes to fill the sellers greed as people sell to fund the next project.or retire.

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"borrowing money over 20 years on the basis that interest rates look likely to stay low for the next three"

Probably most people don't even think that far as 3 year time.

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