” A Superannuation crunch is imminent as retirees in coming years find themselves short of an adequate nest egg“, says the Courier Mail of Saturday, 12th November 2011, here in Brisbane.
“People face a massive Superannuation black hole with only 1 in 10 workers having enough to retire on comfortably- and the majority are more than $300,000 short.
Projections show that only 10% of people due to retire in the next 5 years, have more than the industry accepted levels of super savings ro rely on. Accepted saving levels are at present- $430,000 for an individual and $510,000 for a couple.”
So how hard is it to save $510,000 anyway?
I find it hard. I’m sure you find it hard, and I’m sure the tax man makes it hard for the majority to save up much at all. The fact that 90 % haven’t achieved it says something about how hard it really is.
I, like many others have seen their super fund drift downwards in value due to the Global Financial Crisis. If my Super fund was all I had to rely on when I retire, life would be pretty bleak. Thankfully, that’s not the only income stream I will have in retirement, and I’m not talking about the pension.
With the first of the baby boomer generation retiring now, (those born between 1946 to 1964) ,so for the next 18 years the amount of retirees will be larger than ever before. The strain on pension funds, hospital services, and every other type of aged care service will be colossal.
The government realised their predicament too late to ensure everyone who retires has a comfortable time of it. With the mandatory retirement levy being “too little, too late” for most baby boomers, and for many of Gen Y.
So lets look at what sort of passive income we might need to make from a home business, that might save us from the onerous task of saving $530,000.
So to a little basic maths. $530,000 returning 5% equals $26,500 per year. That means if you had $530,000 saved in an investment fund that returned 5% per year, you would earn $26,500 a year from all that money. So obviously the retirement strategy of the investment industry involves the pension + a top up of $26,500 a year from Superannuation.
So in order to gain all the advantages of a $530k lump sum we need to earn $26,500 per year. So the bar is not too high for our home business. 
Breaking that down to a monthy figure means $26,500 /12 = $2,208 a month. So if $2,200 a month would equal 40 years of hard work to save $530,000 it certainly seems like an easier proposition.
When we started in our home business, we earned about $2,200 per month within less thant 3 months. It was a lot easier than trying to save up $530,000.
The good thing for us is the work we did all those years ago still pays us a lot more than $2,200 a month because of the work we did way back then. That’s what we refer to as residual income.
So what sort of work is required to earn a residual income.
Referral work is what it is all about. We refer the business model and the amazing product to others who are 1. keen to earn some extra income 2. are concerned about their health and 3. like to help other people.
The cost of doing this home business is slight. It includes a one off $35 joining fee, and a monthy cost of about $160 in products. The produts you can use and get amazing benefits from, and really enjoy.
As we refer others to the great business model we have, we earn a perrcentage of all the business volume we and those we introduce have created.
The business is simple. The products are great and the cost of the business remains the same no matter how much you earn.
It was the best decision we ever made to join Tahitian Noni International and I highly recommend them to you as a credible alternative to saving $530,000 in Superannuation.
