Your financial inspiration . .. is it in hiding?
Your financial inspiration... is it in hiding?. YOUR FINANCIAL INSPIRATION The road of life.
Dec 25, 2015
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Your financial inspiration ... is it in hiding?
YOUR FINANCIAL INSPIRATION
The road of life
YOUR FINANCIAL INSPIRATION
Did you know…
Life expectancy in 1900 was 42 years
Today…?
YOUR FINANCIAL INSPIRATION
Lifestyle related diseases
One in 4 women in SA will have heart disease before the age of 60
Women develop heart disease later than men
One heart attack every 8 minutes in SA
One in seven women worldwide will get breast cancer
Asian, White and Coloured women four times more at risk than Black women
Source: SA Heart Foundation
YOUR FINANCIAL INSPIRATION
The threat of old age….
Probability of a pensioner aged 60 surviving to different ages (Based on life expectancy in 2006)
0%10%20%30%40%50%60%70%80%
80 85 90
Male
Female
40%+ of women aged 60 will make it to 90
20%+ of men aged 60 will make it to 90
People don’t realise this because they hear about HIV etc
YOUR FINANCIAL INSPIRATION
Why is retirement such a problem…?
Ignorance
False sense of security
Someone else is taking care of it
Waking up too late
No money for retirement planning
Approximately 94% of South Africans retire with NOT ENOUGH
MONEY – there is clearly a problem!
YOUR FINANCIAL INSPIRATION
Do you control your money, or does your money control you…???
A simple question
YOUR FINANCIAL INSPIRATION
Take control of your money!
YOUR FINANCIAL INSPIRATION
STEP 1:
Face your realities
YOUR FINANCIAL INSPIRATION
STEP 2:
Stop waiting for Prince Charming
YOUR FINANCIAL INSPIRATION
STEP 3:
Plug the holes
YOUR FINANCIAL INSPIRATION
STEP 4:
Tackle your debt
YOUR FINANCIAL INSPIRATION
STEP 5:
Seek professional advice and draw up a financial plan
YOUR FINANCIAL INSPIRATION
Your financial plan should include…
A valid Will
Medical cover
Emergency fund
Protecting your income (death, disability, dread disease, business assurance)
Saving and investing
YOUR FINANCIAL INSPIRATION
7
Change is not the result of
spontaneous combustion –
you must set yourself on
fire!
Related Documents
