The Q&A Forum #3

Welcome back to our 3rd video in our Q&A series where you get to ask the questions!

We have a cracker one for you today!  It’s a subject that we’ve had numerous questions on so I won’t give a name or where they’re from, but there will be lots of you waiting for this.

This question is:

I’m in my 50’s, I’m single, I don’t have a house, my Super Fund isn’t that large. How am I going to survive in retirement and what can I do to make it better?

Got a question? Send us an email on hello@moneymentalist.com

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Will You Have Enough Money to Retire?

retirement

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

Why Can’t We Make Saving Fun?

Saving money. We all know we should be doing it for retirement and have money tucked away for a rainy day.  But it is harder said than done.

The reality is, if you don’t pay yourself first, you will end up paying yourself last and there won’t be anything left!

But saving money just isn’t as much fun as spending it.  Saving money for retirement is just too far away when you are in your 20’s or 30’s, having the newest and latest piece of technology is much more exciting.

Gerry Mitchel in his recent article for The Meridian Star  ‘The Psychology of Saving’ makes some very interesting points. Here is a snippet. Continue reading