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I spent time with long term clients and even longer friends over the weekend.

Here was one part of the conversation – and I’d like you to continue it, along any pathway you choose… more of that later.

“How much do I need to live comfortably in later life?”

Average weekly earnings have just hit $100kpa

How much do I need to have in assets to give that income?

If you invest in solid dividend producing shares – they pay 5% pa (with their franking credits).

$2 million at 5% pa = $100kpa.

If there are two of you – that means $4 million in “assets under management”.

If I earn $100kpa now and save 10% of that – how many years to save – $2million? – 200 years…

Saving is NOT and will NEVER give you the life you want (NOTE – superannuation is saving – Superannuation is NOT and will NEVER be the sole answer).

Invest in a $1m in property with an $800k loan – it doubles in value every 10 years, wait 20 years and you have $4m – sell, pay out the loan and you have (maybe) $3.6m.

Property is not the only pathway – but it is a very good one and easily understood.

You might have a question in relation to the above – Or, you might have a different question altogether…

For the next little while – reply to my weekly emails with a question – and next week I will reply to the “Question of the Week”.

Here anytime on Call, Txt or Email

Ask Alan, Alan Heath

Australia’s premium mortgage broker serving clients in QLD, WA, NSW, ACT, VIC, NT and Abroad