| nswer might surprise you. It requires looking at | | | | is a critical need to self-fund our retirement now and |
| peoples' attitude to money and wealth creation. You | | | | it's blindingly obvious that our so called financial |
| see, most people today rely too heavily on others to | | | | 'experts' aren't doing such a good job at growing our |
| take care of their finances and investments. This is | | | | money for us. |
| because they do not have the required knowledge | | | | In the not too distant future, I’m sure you |
| of money and investment skills to get their money | | | | would agree, the government is going to struggle to |
| working hard for them. | | | | provide pensions, and ultimately pensions will not exist |
| This practise of passing on responsibility for your | | | | at all. That is why governments are now pushing |
| own financial health is danger laden because the vast | | | | people to be self-funded retirees. The average |
| majority of people hire commission driven financial | | | | person has less than $5,000 in their savings account |
| planners/advisors who are mainly interested in lining | | | | so it’s no wonder we are going to be in |
| their own pockets. Who can blame them, they're just | | | | trouble in the coming years. |
| doing their job. | | | | If you consider that the baby boomer generation are |
| If you currently hire a financial planner/advisor, have | | | | beginning to retire there is an exponential rise in the |
| you ever thought to ask about their financial | | | | number of people claiming pensions. Logical tells us |
| success? Surely, only someone who has attained | | | | this cannot continue. |
| success themselves is truly qualified to advise you on | | | | Financial education for the 21st century involves being |
| the topic. | | | | a little more active in your own finances and |
| I mean, if you wanted information on overseas | | | | educating yourself on wealth creation principles. How |
| travel, would you ask someone who had just studied | | | | good will it feel when you can confidently look after |
| overseas travel or the person who has actually been | | | | your own wealth accumulation process and know |
| overseas? Pretty obvious isn't it? | | | | you have control over your future instead of praying |
| After all, if your financial planner is promising to get | | | | that someone else will look after your money. |
| you rich, why aren't they rich? Wouldn't you want an | | | | Let's be honest, the only person who cares the most |
| advisor who has already created their own financial | | | | about your money is you. In the current financial |
| success before trying to advise you? ‘Hmm, | | | | climate it is more important than ever to take a |
| something to think about’. This seems awfully | | | | more active role in your own financial education thus |
| obvious but for the vast majority of people it | | | | results. |
| doesn’t even enter their mind. | | | | Today, you must step up to the plate and bat for |
| Based on the statistics 95% of us will be retiring on | | | | yourself, it's the only way to get where you want to |
| less than $35,000 annually. This tells us something isn't | | | | go plus it's a whole lot more fulfilling. |
| working. The current wealth plan isn't working. There | | | | |