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Thursday, January 25 2018

Do you know where your financial future is heading?

Do you know if you will be able to maintain your current lifestyle when you stop full time work?

Do you even know how much you really need to have?

Do you think super is going to take care of you? Do you even know your current balance?

I get it – Most people don’t want to talk about this stuff. “It’s a long way off, I’m too busy, I’ll look at it later, I don’t want to know, it's boring”

But unless you’ve discovered the secret of eternal life you are going to get older. And either by your choice or someone elses you will find yourself out of the daily grind. So even if you don't want to deal with these things you're are going to have to at some point.

And the choices you have made in your last 30 years of work will come home to roost.

Where are you going to be?

  • Disaster
  • Poor
  • Fair
  • In the Box Seat

If you are in the first 3 are you happy about that?

If you’re not - do you intend to do anything about it? Or will you keep doing the same thing and expect a different result?

And if you do intend to do something about it? When is that going to be?

If you have been putting it off for the last 5 years how will putting it off for another 6 or 12 months make things any better?

If you don’t know the answers to any of the above do you think you should find out?

A QUICK HINT if you are relying on Super alone to provide for your future this will only do about one third of the job if you want to have a comfortable lifestyle. That means two-thirds of the work is up to you.


A good first step is to get answers to the following?

  • What level of income do you want in retirement
  • Find out how much you have in super
  • You need to also record any other investment assets you currently have
  • You need to put a time frame on when you expect to stop full time work
  • Calculate what your investment assets will be worth by the time you stop work and what income they will produce
  • Then record the difference between that amount and the amount you would like

The difference between what you want and where you are heading is your Gap. That’s what you need to make up.

That can be a bit sobering but it can also be empowering because at least now you know what you need to aim for and you can start taking steps towards closing that Gap.


Need help with working out your Gap?

If you’re still not quite sure how to figure this out then Book in for a FREE telephone appointment with me and I can assist you in working out this figure. Book your FREE appointment now.

I look forward to talking with you

Greg Carroll
07 3849 9822
Now followed by over 11,600 subscribers

Posted by: Greg Carroll AT 08:40 pm   |  Permalink   |  Email