For those of you into detail, imagine you had 100 classmates. Out of 100 of your classmates, despite their best intentions, 71 of them will end up broke at age 65 and sadly 25 of them will be dead now you may say you can not blame money for that or can you A lot of doctors talk about a thing called cancer of the wallet. Do you know what that is It is financial stress and is usually not caused by having too much money but a lack of money.

Now, let me ask you a question. When you were leaving school, did your teacher ever say to you, "Who would like to volunteer to go out into the world, get a job that you do not really like and work really hard for 45 years You will work Monday to Friday, (and some of you will need to work Saturday as well) to pay the bills and never get to do the things you really want to do because you will not have enough time or enough money. Then at age 65 you will get to retire and within 2.7 years you will drop dead."What percentage of students do you think would have volunteered to do that Maybe one or two up the back of the class who must not have been paying attention and missed the question.

Alternatively, how many do you think would volunteer to learn how to set themselves up financially, so that from age 25 to 30 onwards they never had to work another day in their life unless they chose to Instead they would get to spend quality time with family and friends, travel to all the places they ever wanted, establish a career that they believe in and live the life of their dreams. My guess is nearly 100% except for the ones up the back who must not have been paying attention and missed the question again.

So, 25 of your classmates have unfortunately passed away. What about the ones that retired broke. How broke are they 20 of them will have incomes of less than $15,000 pa at age 65. That, by the way, is below the poverty level! 51 of them will have an income between $10,000 up to as much as $35,000 (with an average of about $18,000) that is not crash hot either! Only four of them will have annual incomes of over $35,000 and only one of them will be classified as a millionaire.

It is clear now that this formula definitely is not working for most people. We could look at this as evidence that it is highly unlikely that we are going to succeed and we could say, What is the point of really trying The people making it must be really, really lucky. Instead it is probably a good idea to take the advice of my millionaire mentor who said, "if you want to succeed, you need to figure out what most Australians are doing and do the exact opposite." I believe that anyone can follow this philosophy if we keep it rather simple.

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