A financial wake-up call will scare the living daylights out of you. Running out of money, or not enough money is an expression we hear quite a bit these days. I will bet you know someone in that position. This is becoming more prevalent as more and more Baby Boomers move into retirement.
Time management is an abhorrent phrase to me. No one manages time. It runs along smartly with or without our cooperation. We do speak ofe. No one manages time using time. In this sense, there is a biological clock that ticks within us all. Each of us has a different setting of which we are unaware. Nonetheless, we all are aware that in the earth plane of existence, time is a limited and perhaps precious commodity for each and every one of us.
Do you have a financial advisor? How comfortable are you with investing? Have you ever looked at your managed funds statements and wondered what all those fees are for? There is another way to look at investing and that is to take control yourself.
What does your retirement number look like? For some people the number that springs to mind is 60 or 65 years old. However there is another number that is more important than the age number. It’s the amount of passive income that is needed to come in each month in order to live on.