Description: The article is about empower retirement login. This is a brief introduction about Empower Wealth. Empower Wealth can help you understand where you are now financially,they can tell you where you may be in the future and how they can help you build a better financial outcome.
A key question is why so many people are on the pension. The bottom line is that people have an expectation,they have superannuation guarantee schemes in place,they have a pension in place,they’re going to be fine in their retirement,that’s not true.
The current superannuation guarantee scheme is not sufficient to provide people with the retirement lifestyle they’d like,that’s why we’re in the process of increasing the rate from nine percent to twelve percent.
When we look at the rate of the pension,it’s going to provide the lifestyle that people aspire to,but people aren’t building wealth outside the scheme,they will have those funds that they need to provide the lifestyle,sadly superannuation runs out and they end up on the pension.
It’s not the place we want to be. I have three tips in terms of getting a better financial outcome. Number one would be have a goal,number two would be have a plan and number three would be measure your progress. Those three taken together are going to get you over the line at the end of the day.
Having a goal is the starting point. There’s no point in starting off on a journey if you don’t know where you’re going. We need people who understand where they want to be by the time they retire from the point of view of their wealth base. People need to understand where they’re going to be at if they’re going on holiday.
Having that goal is a critical part of building wealth. They need to know what it is and what they’re aiming for,it’s pointless having a goal unless you have a plan about how to achieve that. A goal without a plan is what we call a dream. The idea is that we want a plan to understand where we are now and how we’re going to get and where we want to be.
That plan details the journey and gives us some guidance along the way,it also provides us with feedback on how we are going,it allows us to correct if we find ourselves are off track. Once we’ve got a plan and we know where we’re heading for,we will know what a goal is,we will know that we want to get there,it’s important to know we’re on track.
Going from A to B in the case of building wealth is not a straight line,we’re going to earn more or earn less,sometimes we might have time off such as maternity leave. We might find that there are times that we take more time to earn less,there are times that we’re spending more,there are times that we’re spending less,we need to understand where we expect to be at key points along the journey so that we can know whether we’re on track.
If people would like to learn more about what we do in the personal accounting business of empower wealth,there are two ways we can help. We’ve written a report set in common mistakes in building wealth and that’s available to download from this page.
If people feel that they’re ready to talk to us now and like to know more about the current financial situation and their future financial prospects,they can make an appointment and see us,we can show them the tools that we’re talking about,it is our wealth projection simulator. We can help them understand where they are now financially,we can tell them where they may be in the future and how we can help them build a better financial outcome.