Click on the play button above to hear the full interview with Ian Hamm
Returning to Connection Matters Radio (CMR) to talk more about the importance of financial literacy and wellbeing of Aboriginal and Torres Strait Islander people, Yorta Yorta man Ian Ham, Chair of the First Nations Foundation, discussed:
- early action on superannuation
- the My Money Dreams program, and
- the dangers of credit cards.
“I think there is a disproportionate amount of people who access credit and …still doesn’t register that credit is not free money,” Ian told CMR.
“It is debt you have to pay back later on; and credit card interests are some of the highest interest rates that there are.”
In discussing superannuation, Ian said: “You might only be 25 and it’s still another 40 years away or 45 years away. You can’t even contemplate the scale.
“But it’s important to start thinking about that as early as you can. It’s important to start putting away this money, which will accumulate over time and then build itself so that when you do reach your retirement age, you’ve actually got a nice income to live on…and people are living longer, even Aboriginal people are living longer.”
For more information…
For more information about the First Nations Foundation:
- Click here to visit the Foundation’s website
- Click here to visit the Foundation’s Facebook page
- Click here for the Foundation’s Twitter feed
Click on the play button below to hear the full interview with Ian Hamm