How Much Do I Need For Retirement?
How much Super?
Will it be Fully Funded?
I am under 30: No worries mate.
40: Yes, I think I’m OK
50: Um…how much do I need?
60: How can I top it up?
70: Why wasn’t I told??? I need to find a job; where can I get a job at my age?
I have never been one to advise to contribute heavily into Super. We need to use a lot of money now, while we are buying a home, raising a family, having an occasional holiday.
This money is not available whilst sitting in Super., but you can assist to finance your now-needs by incrementally creating a Personal Investment Pool. Conservative leveraging against this pool can also be used to assist with your daily lifetime needs, without selling down the valuable asset.
I have always been adamant that we all need to build an alternate/additional sustainable, passive, lifetime income stream.
It needs to be, or become passive, otherwise it will always depend on you putting in daily hours to keep it going.
I regard Retirement as a misnomer. We all need to quit the 40 hour week paid job, or 100 hour personal business at some stage, however what we need to do, is to revert to something which captures our interest, is enjoyable, and hopefully might produce a sustainable income.
As well as this sanity-and-health-saving interest, we need to have built an income which has been bubbling along beside our main source job or business, and which will continue throughout the rest of our life.
Superannuation will be part of this, however experience shows that it is rarely enough to last the distance, nor achieve the desired comfort level.
The time to start to build this alternate income, is whilst we don’t need it…NOW. If you have passed this point… it is still NOW.
It will take time, and it will require work; but it is essential.
For those who have been able to fund a BIG investment portfolio, this might be as far as you need to go. Investment dividends and benefits will give you the regular income that you need. It still requires your time, and hands-on involvement, but there is help available.
For the majority of people, this will not be enough, given that we might expect to live for 30+ years after the “job” ends.
I would maintain that even those with the big investment pool should also work at creating a parallel income stream. More eggs in the basket, and a diverse interest!
We believe that we have an opportunity to tap into the best ever source of continual income. It uses the common known fundamental, of finding a surging Market, and placing yourself in front of it.
Not always easy, and not necessarily lasting, however, what can be more certain and lasting, than the day-to-day living expenditure of the world? It might go up and down, and focus might change from product/ activity/ service / country, but when you have the total market covered, it doesn’t matter. People will eat and aspire to good health.
The company of which I am talking has been in operation for 33 years, has a small product list, and has thousands success stories on it’s CV. Entry cost is minimal, and there are no monthly minimal targets in the base program.
On-sell (work) is the basis of the company, and carries reward for effort (work).
Health, and the cost of poor health are at the head of every daily agenda.
No matter whether you are at “no worries mate”, or “why wasn’t I told?”, and you have an hour or so to actually seriously consider the matter, you might have a look at my site to join and shop and save.
Then continue on to my Blog Page for more information.
This is the lifetime sustainable, continuing income side of it (where you start Now).
It is relevant and active in most countries, and my link is valid in yours.
If you visit, please let me know what you think:
You will notice that I continue to say Work …work and be paid.
It is strange that many people can’t quite comprehend this concept.
Secret: Life has gone past 9-5 at someone else’s desk! Others work too!
I have posted about Selling previously. A prominent Director at a major public company proclaimed that “anyone who does not sell, will never progress through this company” E.R.Wilmoth.
I invite you to try it now; you might enjoy saying “no worries mate” at 70.
Call me at any time:firstname.lastname@example.org
David Massey – Independant Reliv Distributor