If you avoid investing due to fear of debt, your future may lack financial security. Without income-producing assets, you’ll rely solely on superannuation or the pension. For example, $200,000 in super may only provide $10,000 per year over 20 years of retirement, far from enough to live comfortably or fulfill dreams like traveling or helping loved ones.
Instead of fearing debt, consider the greater fear of a limited lifestyle in retirement. Ask yourself:
If the answer is no, let the desire for a better future motivate you to act.
Debt, when managed properly, can be a powerful tool. Focus on borrowing to invest in income-producing assets like property and ensure your debt aligns with your financial goals.
Don’t let the fear of debt hold you back. Embrace it as a stepping stone to achieving the lifestyle you want, retiring on your terms, and securing your financial future.
