High Income earners who are low Investment Achievers

If you are earning a couple of hundred thousand a year, yet have not managed to accumulate any significant assets beyond your family home and your superannuation plan, you are cheating yourself of future security and the chance to choose a new challenge at an age when a change could help keep you young, active and interested in life.

It is very tempting to spend a lot of money when you earn a lot of money. You can afford to indulge. You don't want your children to do without things you could not have as a child. Your hard work and your status deserve tangible rewards. But - and it is a big but - you are very likely at the peak of your earning power right now, and if you cannot divert some of that money into growth investments that will keep on working for you when you want to take it easy or do something more interesting and less demanding, your life could hit a wall in your 60s or 70s, instead of opening up into a new horizon.

There are only two ways to accumulate enough wealth to achieve your personal freedom. One is to inherit it. The other is to have a goal in mind, draw up a plan to reach it, and have the discipline to stick with it.

If you would be wealthy, think of saving as well as getting. - Benjamin Franklin

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