Why Invest?

There are hundreds of reasons to invest but why do you need to invest? Retirement. New car. Lifestyle change. Sick of working. Possibly all of the above and many more. To live comfortably a couple in retirement needs between $40,000 and $50,000 per year with today's higher costs of living. If you retire at 60 and expect to live for another 20 years you’ll need about $800,000. So how are you going to get this much money? Well you could try working for 40 years in a job that pays $50,000+ and contributing 12% of your wages each year to superannuation and hope that the share market doesn’t collapse a few months before you turn 60. Or you can invest in property. A solid asset that will always be there to see and will always have a value regardless of market conditions.

Retirement used to be a time to enjoy. Today it is a time to fear. Australia’s retirees are fast becoming the nation’s poor. Squeezed by lower interest rates which is slashing the income of their investments and starving them of funds to pay bills. Today’s retirees are providing a sobering lesson for future generations. Poor retirement planning has cost them their lifestyle and freedom. Retiring rich means starting to plan early and building a separate retirement nest egg on top of superannuation.