Looking after your Prosperous Future Self
After all my learning through both painful experience and miles of research into personal finance over these past 12 years, I have come to this conclusion: If you don’t look after your money, no-one else will. If you think that your Super is someone else’s problem, don’t believe it. It’s yours to manage, with annual reviews to make sure you are on track to live comfortably, when the time comes. Keep the management costs low by selecting your Super Fund manager wisely, make sure you put in more than any life insurance and fees coming out, and if over 50, increase your sacrifice to super to make contributions up to 17% a year, if at all possible. (My own super fund has benefited from my active management, even if I cannot put in as much as 17%). Sometimes in hardship,…
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