For the record I’m not a big believer in the whole concept of ‘retirement’. Many clients see the idea of future retirement as an unproductive and inactive time…and this doesn’t appeal to them at all. A number of people these days plan to never retire. And if this is you then hats off to you. By all means keep working for the purpose, contribution and social interaction…but at least aim to reach the point where you have built enough wealth that you don’t have to work for the money any more. It’s about having freedom to choose. Creating Financial Freedom is the aim of the game…not retirement.
But how much is enough?…well it depends. It depends on your future lifestyle goals…and it depends on who you ask.
The above video attempts to answer the reality of just ‘How much is enough…Really’.
Matthew Morrison is the Director of Wealth Advisory at The Practice, a Personal Wealth Advisory & Business Advisory firm based in Melbourne & Sydney. Matt along with The Practice team are committed to and passionate about developing & implementing wealth creation strategies for clients to enable them to Fuel their Family’s Future (while protecting them along the journey).
Matt and The Practice team can be contacted via http://thepractice.com.au or (03) 8888 4000.
Disclaimer – the above views and ideas are general advice only and are purely the opinions of the author. It’s important that you seek professional advice tailored to your needs before taking action regarding your financial future. (Also, unfortunately we can’t guarantee the top quality content in this blog will secure you a prosperous future if you ‘try this at home’, or trust any old backyard financial adviser to help you & your family with what is one of the most important decisions you’ll ever make…who to partner with on your quest to build wealth & create future Financial Freedom).