To put it into perspective, the average superannuation balance for current retirees (65-69 years old) is only around $270k for men and $157k for women.
THAT’S AN AVERAGE OF $10,675 PER ANNUM OR $205 PER WEEK!
What does this mean for you? Unless you are in the 5% of people, your retirement may be spent dependent on the pension, family or the charity of others.
– Lack of knowledge
– Failure to plan or implement
– Get a good education
– Get a good job
– Work hard for your money
– Buy your own home
– Work until 65
It’s known as “the rat race”. Almost all Australians will retire with insufficient funds for many reasons, but mostly because they adhere to this style of living. To build your wealth and be able to retire financially free, you will want to invest your money. Investing allows you to put your money where it has the potential to earn strong rates of return. One way is through property. If you don’t invest, you are missing out on opportunities to increase your financial worth.
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