Issue #8 – 11th October 2019

1) Understands money (to get enough of it)

2) Innovative (developed problem solving skillset)

3) Control over their time and their life

 

How Much Do You Need When You Retire?

Well, we respectfully suggest that you aim for total financial independence, NOT retirement.  Retirement is not enough money, limited options and anxiety.  Total financial independence may require somewhere between $2 million and $4 million – in addition to the home that you live in. 

Before you judge those numbers, think about how long you might live after you slow down or stop work and how much every month, if you are unlucky, that you may need to outlay for medication and healthcare (that the health system refuses to supply here in New Zealand).  Do you truly believe that the health system here in NZ will look after you if you become that unwell?

Instead of feeling overwhelmed by the number, why not challenge WISEplanning as to how you can achieve a net worth of $2 million and $4 million in addition to the home that you live in?  Please do not wave that white flag already! 

 

Financial Planning

Positioning for Success

The question is, how well are you positioned for when you slow down or stop work?  Do you know the answer?  Are you guessing?  For many people, there is a significant gap between the income they earn whilst working, the lifestyle they enjoy and then, the income that comes into their home once they slow down or stop working and the lifestyle they then enjoy.  One of the common problems is that many people have all kinds of rationalisations and justifications.  Take action now. 

 

 

 

Mindset Alignment

Align your behaviour with your goals

Can you face the brutal facts?  See, facing up to what is not working and what needs to change has nothing to do with transactions or financial products from banks and insurance companies.  Sure, it is easy to save a token amount of money into a Kiwisaver scheme, take out some insurance to shut up the insurance agent and have a mortgage.  Those are transactions. They guarantee nothing. 

What avoidance behaviour goes on in your life, that keeps you away from facing up to the brutal facts about your financial future?  List two …

 

 

 

Investing

Price is what you pay; value is what you get

The Sustainable Wealth Model is how you get enough money.  Eco-investing, driven from value investing, is how you make that money work hard, grow and compound, so that you maximise your return on investment (ROI).  It is about the economics of the asset. 

If you are still wondering what you should invest in, then it is time to catch up… 

 

 

“Retirement means doing what you want to do, when you want to do it.”

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