Women especially need to know why it is important to get an effective strategy to give you multiple streams of recurring passive income in your retirement, so you can have the assurance that you will enjoy dignity, security and peace of mind in your retirement years.
Have you successfully raised a family and now want to enjoy the activities your time affords you or are you worried about money.
If any of these situations reflect your current status you are in good company: there are thousands of women born during the baby boom years 1945 to 1965 who are grappling with all of the issues that maturity brings.
Women wear a lot of hats during the course of their lives and thankfully today the importance of all of these roles is being acknowledged.
But there are always two sides to every situation many of the roles women have upheld in society have hampered their financial capability to live comfortably and pursue their interests in their mature years such as childbearing and family responsibilities.
To complicate matters further, many women find themselves in debt due to change in their circumstances, divorce or death of their husbands, a change of occupation or a personal crisis such as increased health care costs and with little or no Superannuation.
All this underscores the vital need for an approach to generating income from more than one source.
Taking stock of your current situation can be difficult, but it is necessary in order to begin the process of resolving the issues you are facing.
Becoming financially free is a process, it's not just about making more money, it"s also making decisions about how you can make your money.
The strategies that are available now about how to get out of debt can be more successful when the level of your income increases.
Most people get into debt because of their lack of income.
You need to work smarter not harder.