We all want to achieve financial success but most people don’t achieve it.
Around 80% of Australians get to age 65 with less than $100,000 in assets outside their family home. Only 10% of people get to age 65 with more than $500,000.
Now, we would consider that $500,000 would be the bare minimum starting point for a decent retirement. And almost 90% of people aren’t achieving that. Ever thought about the reason?
Lack of Information / too much information
It used to be lack of information, but it has now become too much information. In the world of Google, the world is awash with information. However all that information has led most people to be even more confused than ever.
Leaving it too late
We live in our present and think less about the future, we have no concept of long term, let alone retirement.
Because we get distracted by life, busy with our jobs, kids, trying to stay healthy.
Most people procrastinate over money matters until just before they are ready to retire and by then it’s too late, they’ve missed out on all that time which is so important.
Not Making it a Priority
Most people believe that wealth creation is their top goal, however do not want to spend time or money.
They don’t get help
All successful business and successful sportspeople have coaches and advisers without exceptions. It is important to get help from right people so that we meet our goals
This information is general information only. You should consider the appropriateness of this information with regards to your objectives, financial situation and needs.