The graphic story of 100 young people now aged 25, fast forward 40 years and at retirement:
- 1 will be rich
- 4 will be financially independent
- 5 will still be working
- 12 will be broke
- 29 will be dead
- 49 will be dependent on social security and charity
Isn’t it always the way?
It seems that no matter how much money we earn, we’d always like to earn more. There’s always something that we’d love to buy, but simply can’t afford on our current salaries.
Why be wealthy?
People often say “We don’t want to be rich, just comfortable”. In western countries, everyone really has the choice to be rich or comfortable or broke. You really can choose. It’s easier to be fulfilled if you are well off. If you get to be rich and don’t like the feel of it, you can always give it all away. If you are broke, you don’t have the same option. Everyone has a choice to live the way they deserve. There is no dignity in “just getting by” anymore. Being well off financially allows you to live without ongoing compromise on how you live, what you give to your children, parents, spouse and friends. Being financially secure gives you time. Your time becomes yours, not someone else’s. You get the time to find your real calling, whatever it might be. Your life is running now. This is not the rehearsal. We want you to live your life now because life does not begin at retirement.
It could be as simple as paying off your mortgage early, or maybe you have grand plans of owning a luxury home a few years down the track. Or perhaps you’d like to have enough money to start a family and be able to afford to have your partner stay at home to look after the kids. Or maybe you would like to buy a business or a luxury yacht.
And if you are in your 40s or 50s, there’s a good chance that you have started to plan what you would like to do in your retirement, along with how much you would like to live on. Well in the past, superannuation has been hailed as a sound way of offering you comfortable retirement living, but we now know for absolute certain that most Australians will find themselves living on not much more than the old age pension.
Start by taking control of your life and finances. Hi-Tech Homes and Flats can show you how to build an income stream using assets you may already have but are not working for you as effectively as they could.
Don’t rely on any government to “look after you”, do it yourself.
There is never a perfect time to start, but you must start sometime.
Hi-Tech Homes – your starting point!
Contact us to arrange an obligation free consultation.