And that is a very important acknowledgment. You’re doing what the majority is doing but you are now one step further. You are actually thinking about whether what you’re doing will actually give you the results that you want. Most people never do that and therefore end up struggling once they are retired.

To start off I did the exact same thing because that was what was thought by my parents and peers and I didn’t know that there was another way.

But know I have luckily realized that blindly handing my money to people that really don’t care about them (bankers, investment people etc.) might not be the most intelligent way to prepare for retirement.

What is right and what is wrong will always be a matter of opinion but the important part is that we take action and do our own research and analysis. We’re the only ones that really truly care about our money. Nobody else does (even if we would like to think to).

You have hit on an interesting point for me.

Personally, I am thirty-two and have been putting small amounts away for retirement ever since I commenced full time employment.

Trouble is, I have never actually made a retirement plan, so whilst I have been actively working towards generating the capacity to retire if I so wish, I can’t say that I have been ‘working the plan’ because I simply have never made a plan to work in the first place!

This is a really important statement and for most people I know it becomes a certain sum of money which is like a moving target. At first, it is a million, then when they reach that it’s having a million after going to europe, then a million after having bought that 2.5 million house. It just keeps moving.