Consider these realities…

Longevity

We are living longer healthier lives. Years gone by, you worked to 65, hopefully owned your home and had a little saved, generally you could expect to live to your mid 70’s if you were lucky. AMP paid out their life insurance to people who reached age 72. With your savings and aged pension you could get by…

These days you are more likely to be fit enough to work well in to your late 60’s and live well in to your eighties. Your choices in when and how retirement is for you, are really dependent on generating wealth early. If you stopped working today, how many weeks could you maintain your current lifestyle before having to go back to work? Good question to ask yourself.

Pension

As of October 2011 the aged pension is: Single $689.00 per fortnight, Couple $519.40 ea per fortnight. And according to the ABS over seventy five percent of Australians over 65 currently, live on less than $16,000.00 per year. It’s not rocket science, if you want to be in a position to not rely on winning lotto, or an inheritance to retire on a reasonable income, you need to start investing now.

The earlier you start, the earlier the choice of whether you continue to work or not is truly yours.

Taxation

You may be the one Australian that wants to pay Tax, or not .

We all understand the need for tax, but we resent paying more than we have to, we all remember Kerry Packer when speaking to the Government Senate “every Australian has the right to minimize the amount of tax he/she pays”.

Fortunately the Government allows you to use some of the tax you would otherwise pay to them to invest in your future.
This means you can reduce your tax commitment while increasing your wealth. Also, imagine using a portion of the tax you normally pay to help you pay off your home loan…

An example of achieving this is Negative Gearing. When you buy a property that costs you more to own and run than the income it produces the Government allows you to reduce you taxable income by that amount and hence reduce the tax you would have normally paid. Negative Gearing…

You wouldn’t invest for what reason?

The Property Warehouse is a one stop shop for anyone looking to reduce their debt quicker and increase their wealth. Log in and check out The Warehouse…