One of the amazing things that keeps cropping up here at Premium Finance Services is when clients come in and let on about who they give credence to when it comes to taking advice.
Let’s take a closer look at the obvious.
So many people always try to find a reason to delay making sound financial decisions. Many times the effects of procrastination lead them to never making those sound financial decisions at all. I need to talk to my mother, father, brother, sister, uncle, neighbour, work mate or boss.
What vested interest do any of those people have in your own financial future?
Amazingly we continue to place value on the opinions of others before trusting our own gut instincts.
How many of the people we confide in are actually within the 5% of the population that are self funded and have substantial real wealth. Instead we ask advice of people close to us that have made all the same stupid mistakes that the rest of the 95% of the population have made that had lead further from a sound financial retirement than closer to it.
Why are we asking the poor how to be wealthy?
Why are we paying attention to all the people that will be struggling in retirement?
Why do we place more emphasis on their opinions rather than cold hard facts.
The facts are by the age of 65, of 100 25 year olds:
59 will be broke with nothing
24 will be dead11 will be with home and debt free, but with no discernible income
5 will be self funded
1 will be wealthy
Now you don’t need to be Einstein to decide who of the 100 you should be talking to.
Don’t just think about it, Act on it. Premium Finances can definitely help and is.
Cheers for now.
Paul