Why Invest
From a young age, many of us have the idea instilled in us that there is one simple path to success and financial stability: going to school, getting a good job, working hard, buying a house and paying it off.
Some might call it the ‘great Aussie dream’.
Whilst it is a well-trodden path and one that is proven to provide a certain level of financial security and comfort, you may find that by looking to the people who have promoted this model—parents, grandparents, aunts and uncles—it hasn’t provided the wealth and freedom that you, yourself would like to have come retirement age.
But, what if there was a better way?
The statistics are staggering.
Where will you be at retirement age?
Statistics show that out of every 100 people we know reaching retirement age
- 62 will be considered broke and dependent on a pension (if they are eligible) or will otherwise be reliant on children or other family members to support them;
- 28 will be dead;
- 5 will still be working
- 4 will be financially secure, using their own assets to fund their retirement; and
- 1, only one, will be able to consider themselves wealthy.
To summarise, you have roughly 95% chance of either being dead, dead broke or still working when you arrive at retirement age.
With these figures in mind, planning early for retirement is extremely important. After all, none of us can—nor should we—rely on having someone else or the government support us through retirement.
So, what will you do to avoid becoming part of this unfortunate statistic?
