Michael’s son had his first day of school this year. In the week leading up to it, he was incredibly anxious about his first day – it was almost challenging to even get him into the car! But the afternoon told a different story, when he came home with a grin from ear to ear and spent the rest of the afternoon talking about how much fun school was. Life brings us many challenges – but Richie had conquered his fear.
Some 50 years later, many people go through a similar feeling when they realise, they are 10 years from retirement and are not close to reaching their retirement goals. They decide to see a financial adviser, to see how they can make the most of the accumulated $500,000 in their account, and how they can make it grow. But they share the same fears as 5-year-old Richie – they are afraid of what the adviser will say. Often, we hear clients saying they wish they could just win the lottery to reach their goal of $1.5 million (or whatever the amount may be).
However, what we have found is that eventually, this fear and anxiety disappears – and when clients make a plan with us collaboratively and reach their retirement goals in 10 years’ time, they are much happier than they thought they’d be. And one thing is for certain – they’re a lot happier by having worked hard to reach this goal. It’s much more satisfying than winning the lottery – there’s something to be said for those who work for their money. $1 will always be $1 – it’s the way in which it gets into your bank account that makes spending it all that more rewarding. The clients have a sense of ‘I deserve this’ – and they do, because they worked hard for it. Active participation in your financial goals will give you this great feeling – similar to playing a sport. If you train hard, the results will be all the more rewarding!
If you think you’re ready to take that step and get in the car like Richie did – call us to arrange a free phone consultation!
podcast@mo50.com.auFrom Australia: 07 4772 0938
From overseas: +61 7 4772 0938
