EP5 | How Much Will You Need to Retire Comfortably?

23/08/2023 32 min Temporada 1 Episodio 5

Listen "EP5 | How Much Will You Need to Retire Comfortably?"

Episode Synopsis

Why Invest? 
In this episode, Allan and John break down some of the nuts and bolts of why investing is so important… and why drawing a line in the sand setting a target that's true to your needs before you run out and just start buying some sh*t is so crucial.
This isn’t about mental masturbation and setting superficially sexy goals…let's be clear. This episode isn't for waxing lyrical about living an Instagram lifestyle, starting a Rolex collection, or having a fleet of Lamborghini’s in your garage being polished by bikini models…
This is the boring, unsexy, poached chicken and broccoli of investing  - being certain that you at least have the absolute minimum amount of money required to retire comfortably while you're not too old to enjoy it, still capable of doing the things you want, and living out your life according to a reasonable level of comfort with the people you love. 
Using the ASFA Retirement Standard as a guide, Allan and John highlight the real costs of a comfortable retirement and the importance of envisioning and planning out a fulfilling life.
They also discuss the impact of inflation and the risks of solely relying on your working income or the equity you have in your home… or worse… ending up on the age pension.