How much money will you need to retire comfortably?
According to an MLC wealth survey last year, only 5% of Australians surveyed believe they will have “more than enough”
In fact more than half of the Australians don’t think they will have enough to live on in retirement.
The report shows that this concern impacts on their spending and saving habits and this fear of not having enough in the future is leading to a focus on debt repayment.
While this is not surprising, it is unfortunate
Of course it’s what many of our parents taught us.
You know the drill — get a good education, get a good job, buy a house pay it off. In my opinion instead of saving those Australians should be educating themselves and become financially fluent and invest wisely.
That could lead them to financial freedom in retirement.
I wouldn’t be counting on the government – they’ve already said they don’t have enough money to pay pensions to all the retiring Baby Boomers who will now have to work longer.
WHAT CAN YOU DO TO STAY AHEAD?
If you’re looking for independent advice, no one can help you quite like the independent property investment strategists at Metropole.
Remember the multi award winning team of property investment strategists at Metropole have no properties to sell, so their advice is unbiased.
Whether you are a beginner or a seasoned property investor, we would love to help you formulate an investment strategy or do a review of your existing portfolio, and help you take your property investment to the next level.
Please click here to organise a time for a chat. Or call us on 1300 20 30 30.
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