Three Ways You Invest Your Money
There are three forms or ways you can make money from investing for your future retirement when it comes to being able to retire with a happy life! Think about retiring for one minute!
What are you going to need to have as a weekly income for a good and healthy retirement life ?
Is it going to be $500 a week or $1,000 a week or $2,000 a week?
You hear it in the news and see people on the pension saying that they struggle to make ends meet, even crying in desperation and no wonder they do! They earn $275 a week to survive from paying bills, fuel for the car, rates etc etc.
Here are the 2011 census statistics for you:
Did you know that 74% of people in Australia live on the pension upon retirement? FACT!
And 7 % still have to work after retirement age
Only 1 % makes more than $50,000 per year every year and 3 % are earning $30,000 to $35,000 a year and 15% pass away. This is scary when you think about it. The only way you can have steak and vegies instead of toast and vegemite upon retirement is to have the right investment strategy in place now and not leaving it on the fence for the next 5 years. “If you fail to plan you are planning for failure” !
Most people don’t even realise that they can invest; there are ways that they can do very well for themselves but have never taken the opportunity to or given the opportunity to be shown.
There are only three ways to invest and make your money work for you! And let’s face it you work to live and pay bills and the little left over to make it work for you, to make your money grow so you can retire on $1,000 to $2,000 a week and also have over $1.5 million plus in assets that will give you that income per week.
So the three ways are placing money into the following. And let’s look at a scenario and let’s pretend I give you $60,000 to invest, what would you do with that money?
See the three ways and outcomes.
- Place the money into a fixed interest bank account and earning an average of 4.2% per annum so you earned for the year $2,520.
- Place the $60,000 into shares/managed funds and you will earn as an average 9.2% so a total for the year of $ $5,520.
- You placed the $60,000 into a property investment as a deposit. Note: Although the right property investment ! And the average you will earn year in year out 20% so you will earn $12,000 per year.
Each market you will have ways of increasing these figures and can really accelerate the growth rapidly, although you need to be shown how this can happen.