3 MINUTE READ

Everyone loves a nice holiday and we all work hard and deserve a break once in a while.

And planning for a holiday is fun, it gives you something to look forward to and a date to aim for. How great is it when you leave work at the end of your last day before a holiday… it’s like the weight gets lifted from your shoulders and you walk out the door with a smile from ear to ear. Free, for a while!

If you’re like most people, you’ll actually spend more time planning your next holiday than you’ve ever spent planning your financial future!

In one sense, that’s human nature. It’s much easier to think about “things that are fun and soon” instead of “things that are necessary and far away”. So, if that’s you then don’t be too alarmed as that’s normal behaviour.

The problem is that when it comes to your financial future, the last thing you want to be is normal!

Most people leave it far too late to start planning their financial future. Steve Jobs once said, “My favourite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time.”

What could be more true? Time doesn’t cost you any money, however not using your time wisely may well cost you a fortune!

When it comes to your financial future, time is money.

Due to the power of compound interest, the longer you take to pay off your mortgage, the longer you wait to pay attention to your super and the longer you wait to start investing means the less time you have available to utilise the power of compound interest.

A man named Albert Einstein called compound interest the most powerful force in the universe… he went on to say, “He who understands it, earns it … he who doesn’t … pays it.”

Where do you want to be financially one year from now? Ten years from now? 20 years from now? Wherever it may be, it isn’t going to happen by accident. You will end up where you want to be by making smart spending choices, smart investing choices, smart superannuation choices, and by designing a plan that puts you in the best position possible to reach your desired destination.

Your financial future is your responsibility. By all means, plan that next holiday… you deserve it. But don’t ignore your financial future or you’ll miss out on the lifestyle you deserve later in life!

Cheers,

Daniel