It is relatively easy to find out what you need to know about any topic thanks to the internet. We can look up how to spell words, how to pronounce words, find the location of a city anywhere in the world. Never been to Mexico, no problem we can google away and find which countries border Mexico, see the location of the beaches, the major cities, the highlands and any large lakes. There is a lot of information and that is the problem with the internet. I sometimes get bogged down sifting through the mountains of information trying to work out if it is credible information.
It's time to make a difference in our own lives. Our retirement can last 20, 30 years or even longer. The number of octogenarians in this world, those reaching 80-89 years of age, is now the norm. The chances of becoming a nonagenarian, those reaching 90-99 years of age, is on the cards. Life expectancy is increasing across the world, and the world population has also increased rapidly, the number of Centenarians is expected to increase quickly in the future.
The risk of not being diversified.
What’s your financial backup plan? Whether in life or for investing there are risks if you aren’t truly diversified. It correlates to having all your eggs in the one basket. We could be talking about what happens to the household if the main breadwinner stops bringing home the money. What if the one that earns all the income to pay for the family’s monthly bills, suddenly becomes ill or injured and cannot work? What happens then?
Some of us have always lived in the same town, and others have had many places they have called home. My parents owned many small businesses from when I was young. It just seemed that every couple of years we sold up and moved on to other opportunities. I have lived in over 60 different places and I think my kids are following in my footsteps. My son and daughter left home many years ago and both live interstate.