actually there is a way cerhob.. to better wealth and consistent performance.. its to do with time value of money, regular investing and boring hard work, and importantly lots of super contribution.. eg.
consider this, I was in the private sector.. for 6 years.. than switched to the public sector.. did you know that super contributions runs at 21%, i could even jackthis up higher if i wanted to.. poor hard working people in the private sector with little job security, 8 to 9% compulsory super contribution.. is not sufficient....
even better was the old defined benefit super schemes of the past.. .. during the nearing of my term at the public sector.. one could ramp up the super contribution to even 40% if one wanted to.. but of course.. earlier the better.. to allow compounding....
her's how it works...
i contribute 5%, the public sector contributes 5%, we get our compulsory 8% and and additional 3% for productivity gains (won through unions - though in reality.. my productrivity over the last 2 years here have dropped steadily.. as my morning tea and afternoon tea also steadily falls in line with my lunch breaks and chat breaks...
Sarcasm aside, i understand the predicament and i'm also in nno way assured a financially independent retirement.. anyway.. just something for you guys to think about...
