How are you going to pay for your future? By using investment asset classes to build wealth for your future retirement according to Damion Lupo from Total Control Finalncial.
What does your retirement number look like? For some people the number that springs to mind is 60 or 65 years old. However there is another number that is more important than the age number. It’s the amount of passive income that is needed to come in each month in order to live on.
Financial Institutions have been telling us for years to hand our money over to them and they will look after it for us. In today’s world of record low interest rates can you afford to continue to think this way? With inflation running at 2 % – 3% eroding our money’s buying power each year and bank interest at 2% or less, in some countries it is negative; our nest egg is going backwards.
It is important to take control of and be aware of available investing choices
- safe
- smart
- savvy investor
is to become educated on different investing streams and get to know your own investing type. One way to do that is to play Robert Kiyosaki’s board game, Cash Flow. The game will have the effect of speeding up time for you and give you a sense of who you are as an investor.
According to Damion Lupo the best time to start saving and investing was 20 years ago. In other words start as soon as possible. Damion has a wealth of experience covering precious metals, real estate, venture capital and financial consultancy. Listen to America’s , Damion Lupo, talk strategy about building wealth over many investing types.
To catch the Damion Lupo online
Have you listened to the last episode of Retire Well Retire Happy Podcast?
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