A scary question isn’t it. We meet quite a number of people who don’t want to even think about retiring let alone thinking if they will have enough money when they finally do.
The answer to the question was the subject of a presentation at a network breakfast I attended. A certified financial planner used a case study to illustrate the point.
We probably all know this: we are living longer. But maybe we hadn’t quite connected the dots in terms of having enough money to retire on. Continue reading
Yahoo, you have the got the house! It’s most parent’s dream is to see their children in their own home, just like them….its the pinnacle of success.
But now you have to face the fact that you have a home but you also have a mortgage and if you live in Auckland (NZ), that could be $800,000+ just to get into an ‘averaged’ price home.
On top of the mortgage there are all the other expenses that go along with home ownership like rates, insurance, maintenance. Then, possibly additional transport costs if you have moved further away from where you work to get onto the property ladder. Continue reading
I touched briefly on what money means in my blog “Money. Love it or hate it you have to live with it”. Let’s delve now a little deeper into our own money meanings. It’s important to define what it means to you, as it impacts on your view of the world, how you view others and your decisions. If you want different results you need to dig deeper than just your behaviours.
So let’s recap. We all have a relationship with money, take that as a given; or read the blog Money. Love it or hate it.
We also associate meaning to money and once you know what that meaning is you can begin to understand more about why you make the financial decisions that you do and how you can make different ones.