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Why retirement isn’t one of my goals

Most of my clients are young professionals and the concept of retirement is not exciting. It’s a long way off and for the most part, many of my clients really enjoy working. But eventually, we will all get older and perhaps wish we had more time with our families, more time to travel and relax or an opportunity to start a new business or a career change. 

For me, retirement is not a personal goal. But eventually, I want to be in a position where I can make work optional. 

And the only way this is going to happen is if I think about the pot of assets which will replace my income. This pot of assets won’t just be my Superannuation – let’s face it I probably won’t be able to get my hands on it until I’m over 70 years old. This will still play an important part in my years of making work optional. But my Husband and I will want to replace our income before this time. 

This pot of assets won’t just fall in my lap either.  It will require me to make an effort now, in fact, the earlier you start the easier it is. This will require me to access growth investments and slowly but surely build up an investment portfolio which can pay me an income either by way of rental income from property or dividend from shares. 

Everyone tells me they want to maintain lifestyle. But what’s the point in living a lavish lifestyle in your 30s and 40s if you will end up living on baked beans in your golden years? 

Think about your future and strike the balance between enjoying life now and in the future.  

 

I see myself as a financial coach. I coach people to help them uncover what they truly desire and map out an investment plan to maximise the probability of those things being achieved.