Show Notes
You've worked out how much passive income you need to stop working. Now you just need to build a portfolio big enough to deliver it. And honestly? That could take years. But what if you're setting the bar higher than it needs to be? The idea of living off your investments without ever touching the capital feels reassuring. You want freedom, but you also want to know your money will last. Could that seemingly sensible goal be keeping you at work longer than necessary? In this episode, Paul Benson challenges a common assumption about passive income and early retirement. He shares a client example where changing one requirement brought their potential retirement forward by seven years. Inside this episode: The retirement condition worth questioning before you commit to more years of work Why selling an investment can feel like failure, even when it's part of the plan How your super could change the target you're working towards When chasing more investment income could take you further from your goal Before you decide you need a bigger portfolio, find out whether you need a different plan. COULD YOU AFFORD TO RETIRE EARLIER? You've spent years building your wealth. When could it give you the freedom to stop working? Guidance Financial Services can help you explore your options and build a retirement plan around the life you want. Explore our retirement planning services.
IN YOUR 30s OR 40s? MAKE YOUR MONEY WORK HARDER. The decisions you make today could have a big impact on when you can retire and the lifestyle you can afford. Our Wealth Builder service helps you make smarter decisions about your super, investments and mortgage, with a personalised plan to build wealth and create more financial freedom. Learn more about Wealth Builder and see how we can help you get ahead.
Visit our website here: https://www.guidancefs.com.au/ and you can also find all our links here.
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UPDATED: This episode was originally published with the wrong episode audio; it has been republished with the correct audio. Thanks for your patience!
You've worked hard, built up your savings and investments, and spent years making sensible financial decisions. But when was the last time you gave yourself permission to actually enjoy the money you've earned? It's easy to tell yourself you'll take that big holiday, make that purchase or finally start doing the things you've dreamed about once you retire. But what if waiting comes at a cost you haven't considered? In this episode, financial adviser Paul Benson explores one of the trickiest decisions when it comes to building wealth: how much should you put towards your future, and how much should you enjoy today? Through real client conversations and a spending dilemma of his own, Paul challenges the idea that the financially smartest decision is always the best one. And why getting the balance wrong could leave you with regrets that money can't fix. Inside this episode: Why being disciplined with money can sometimes work against you
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You've spent decades building your super and retirement is finally within reach. But what if the sharemarket crashes just as you're preparing to stop work? Could you still retire as planned? Would you need to scale back your lifestyle? And could a few bad years in the market affect how long your money lasts? In this episode, Paul Benson explores a retirement risk many people overlook. He reveals why two people with identical savings and investment returns could end up with vastly different outcomes, and what you can do to prepare. Inside this episode: Why the timing of a market downturn matters more as retirement approaches