There truly is something almost magical out there in the world of investing. It’s called compounding interest, and it’s very simple. It’s just time and money, and how they work so well together, when used in the right sequence.
I’m sure you heard this before, but if you just keep setting aside a portion of your money and keep investing and adding to it, your wealth will grow exponentially over time, without too much thought, hard work, or sacrifice on your behalf. Time is your friend, and money can be too!
That’s why Albert Einstein is quoted as saying: “Compound interest is the eighth wonder of the world. He who understands it, earns it, he who doesn’t pays it”.
So, you need to be on the right side of that equation.
Guess what? You already are! Your superannuation is the exact investment strategy good old Albert was talking about, it’s set up specifically to help you make the most of time and money.
“Great things are not done by impulse, but by a series of small things brought together.” – Vincent Van Gogh
Our superannuation system is one of the best retirement savings plans in the world, and is WITHOUT A DOUBT THE MOST TAX EFFECTIVE way to save for retirement.
Superannuation isn’t a product, it’s a tax effective structure designed by the government specifically designed to help us pay for our own retirement. And it’s the perfect example of the power of compounding interest, Albert Einstein’s 8th Wonder of the World in action. That is actually pretty exciting if you think about it.
But, if you’re anything like the majority of people, you are completely disengaged with your super, it might even be all over the place, accruing fees and getting lost.
Super is your money, and your future lifestyle!
Superannuation is likely to be the first or second largest asset in your working life, outside of your home.
We work on average 45 years of our life. Our retirement hopefully will last 25 to 30 years depending on our health and wellbeing. Our superannuation needs to pay for those retirement years.
Why would you let it slip through your fingers like that?
Actually, I know why, it’s just sooooo boring. Not only that, it’s complicated, and confusing. There are so many rules, so many different choices, industry funds, retail funds, wholesale funds. And they all report things differently.
Ever tried consolidating your super, or comparing funds? It’s not that easy. I know, I do it all the time.
So, what state is your super in?
- Do you know where all your super is?
- Do you know your risk profile?
- How is your super is invested and what fees you are paying?
- Do you have insurance under your super, how much you are paying for that insurance?
- Do you salary sacrifice?
- Should you?
- Will you have enough super to make your retirement a fabulous one?
I’m not expecting you to know the answers, very few people do. I am just trying to get you to think about the importance of superannuation, because that is how you are going to pay for your lifestyle in retirement.
You need to take control and get engaged with your super. If the thought puts you to sleep, you need me to sort it out for you.
I can help you find and consolidate your super, I will find the most appropriate and cost effective solution in the marketplace, I will get your super money invested according to your risk profile.
I will also project what level of super you will need to save to fund your dream retirement.
The sooner you deal with this, the better the outcome. Forgetting about it for another year or two is the absolute worst thing you could do.
I honestly don’t expect you to be interested in superannuation, I know I wasn’t until I became an adviser and really understood the benefits.
Now I know you would be mad not to take advantage of it. Let me sort it out for you.