The answer might surprise you. It requires looking at peoples’ attitude to wealth creation. You see, most people today rely too heavily on others to take care of their finances and investments.
This practise of passing on responsibility for your own financial health is danger laden because the vast majority of people hire commission driven financial planners/advisors who are mainly interested in lining their own pockets. Who can blame them, they’re just doing their job.
If you currently hire a financial planner/advisor, have you ever thought to ask about their financial success? Surely only someone who has attained success themselves is truly qualified to advise you on the topic. I mean, if you wanted information on overseas travel, would you ask someone who had just studied overseas travel or the person who has actually been overseas? Pretty obvious isn’t it?
After all, if your financial planner is promising to get you rich, why aren’t they rich? Wouldn’t you want an advisor who has already created their own financial success before trying to advise you? Hmm, something to think about.
Based on the statistics 95% of us will be retiring on less than $35,000 annually. This tells us something isn’t working. The current wealth plan isn’t working. There is a critical need to self-fund our retirement now and it’s blindingly obvious that our so called financial ‘experts’ aren’t doing such a good job at growing our money for us.
Financial education for the 21st century involves being a little more active in your own finances and educating yourself on wealth creation principles. How good will it feel when you can confidently look after your own wealth accumulation process and know you have control over your future instead of praying that someone else will look after your money.
Let’s be honest, the only person who cares the most about your money is you. In the current financial climate it is more important than ever to take a more active role in your own financial education.
Today, you must step up to the plate and bat for yourself, it’s the only way to get where you want to go plus it’s a whole lot more fulfilling.
