Future Financial Needs Analysis

Most people just want more – mostly more money. They think that about 10% more than they are getting will make them happy. That applies to the billionaire and the pauper. Trouble is, it is always 10% more, however much you get. The greed inherent in all of us makes us believe that happiness is a dollar bill. It isn’t.

But not having a dollar bill when you need one does make you poor and can inconvenience your life, make it more uncomfortable, even threaten you very existence. This is especially true when you get old. Old age is not for the intrepid.

Essential to any future plan is knowing what we need when we are no longer of great value to employers or clients. They think we are worth less after about 60 or 65. It isn’t true, of course, but that is a market perception we cannot afford to ignore.

Coupled with the fact that anyone now aged under 50 is likely to live to 100 or more, and the later years will bring high medical costs or medical insurance premiums, we need to plan to have enough for life to continue to be as agreeable as possible.

Taking inflation into account, the figures can become overwhelming and positively frightening. We should not fail to produce them just because they give us a wake-up call. Anyone over the age of 30 who has not done the calculation is risking letting the most productive twenty years of his or her life drift by without a thought for old age. That is dangerous.

The simplest way to work out what you will need to see you reasonably comfortable you should spend fifteen minutes completing the Terrific Mentors FUTURE FINANCIAL NEEDS exercise.

You can get it free by contacting us here. Once completed you may wish to keep it to yourself or you may wish to discuss it with a Terrific Mentor. Discussing it will cost you a small amount of money.

Do it anyway. You have nothing to lose and much to gain.

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