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Saturday, May 28, 2022

Retirement Mindfulness

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How important is being mindful of Your Retirement… well if you ask the average Australian that question then the answer will be … Retirewhooo?!

A global survey of people’s attitudes to Retirement savings shows while Australians expect to spend 23 years in retirement, their money will run out after only just 10 years, leaving them on the age pension.

The funding gap, or shortfall, of 13 years is among the longest gaps of the 15 countries surveyed by HSBC for its Future of Retirement report.

The average savings gap among the 15 countries is seven years. Australia’s funding gap is the longest funding gap in Asia and the fourth-longest in the world.

This is the exact information that as Australians we prescribe to the “she’ll be right mate” and we worry about it when we “get there”, which is generally a very large wake-up call in the mid 50’s when we want to start winding down into a comfortable lifestyle but find ourselves completely unprepared and ill-equipped   The average Australian (which is around 45% of us) can hope for around $60,000 a year in retirement as a couple at best….

Here is the simple math, multiply the amount of years you expect to live (as in the true sense of being alive) past the day you stop working, by the amount of money you would like/need to spend in each of those years (be inclusive of non-essential costs such as birthday’s, grand kid’s, Xmas’s, holiday’s and the expensive new hobbies that boredom will drive you to)

How are you looking? Does that figure seem attainable if you keep doing what you are doing now?

In short my avid readers, you don’t need to work on your retirement plans daily or even monthly, but get your retirement health checks and tune up’s as a regular yearly event .

Be Retire STRONG, not Retire COMPLACENT

Shaun Fox

Shaun Foxhttp://www.shaunfox.net
Shaun Fox is an entrepreneurial influencer and mentor a business coach and advisor. He is best characterised by his perpetually optimistic temperament in his professional pursuits, surpassed only by his charismatic and enthusiastic engagement with others in all his relationships. Shaun’s flair is not just limited to his wardrobe. Shaun’s approach to business is simple: irrespective of the product, anything can be achieved as long as you think creatively, assess the entire value chain and put in the hours. He has successfully applied this philosophy across a number of industries, including financial services, entertainment, hospitality, accommodation, tech, biotech, and mining. Shaun has been involved in the creation and management of financial companies for several years and delivers a simplified approach to the education of financial concepts and investment strategies. His vision is to create an entry-level platform that offers an easy path to investment by creating personalised education and an investment program that anyone can use. Shaun has always believed that the best way to create a successful enterprise is to include the entire value chain of people in the process and share the rewards of that success. “The only person’s behaviour we can control is our own and the only thing we can truly give another person is information.” – William Glasser an entrepreneurial influencer and mentor a business coach and advisor. He is best characterised by his perpetually optimistic temperament in his professional pursuits, surpassed only by his charismatic and enthusiastic engagement with others in all his relationships. Shaun’s flair is not just limited to his wardrobe. Shaun’s approach to business is simple: irrespective of the product, anything can be achieved as long as you think creatively, assess the entire value chain and put in the hours. He has successfully applied this philosophy across a number of industries, including financial services, entertainment, hospitality, accommodation, tech, biotech, and mining. Shaun has been involved in the creation and management of financial companies for several years and delivers a simplified approach to the education of financial concepts and investment strategies. His vision is to create an entry-level platform that offers an easy path to investment by creating personalised education and an investment program that anyone can use. Shaun has always believed that the best way to create a successful enterprise is to include the entire value chain of people in the process and share the rewards of that success. “The only person’s behaviour we can control is our own and the only thing we can truly give another person is information.” – William Glasser