Everyone who has had children will understand, once you have a family, your priorities and what you really value, changes.
In the latest episode of The Investment Series we meet Ross, who has a young child, with another on the way.
The first thing I recognised about Ross was his concern about the future. Would he make enough money to support his family? Could they live with one salary when his wife stopped working?
Worry and stress about money is something that is a reality for most families at many points in their life. While getting the kids through school and paying off your home is the most important thing in your 30s to 50s, the worry then turns to what it will take to be able to stop work, and how much you will need to live the kind of life you want. This includes giving children and grandchildren experiences that will make your retirement years everything you have imagined them to be.
It’s surprising how many people leave the last 20-30 years of their life to chance. By not planning for retirement earlier and scoping out the kind of life you want to live, and what it will cost, it is more than likely that the goals will not be achieved.
It was great to see recent retirees like Maria Cook planning to use her capital to create income, and enjoy all the things she loved about life – travel, food and most of all her children. Not everyone is this fortunate – but it’s never too late to start planning.
By understanding the principles behind professional investment management, and how investments can grow over time, anyone who has the capacity to save money to invest can start changing their future for the better. There are many incredibly talented people within the investment community who are eager to help.
If you want your clients to know more about how to grow your wealth over time, subscribe them to our newsletter. It will give them tips and advice, plus access to some of the best investment minds in the country. These are not journalists interpreting information. The cast of The Investment Series features some of the top money managers in Australia, and these experts are willing to share their knowledge with your clients.
I encourage you to use our content as an education tool for your clients. The more people understand the principles behind investing, the closer they get to the issue of how to better work with you to grow their wealth. After all, an investment of 27 minutes watching our Investment Series could be the start of something great for your clients.
The sooner they start, the quicker you can get them the future they are dreaming of.
