Sometimes I have to confront people with the harsh reality of their financial predicament. A client who booked a SugarMamma.TV consultation did not realise it, but she was going to end up on the breadline, if she did not make significant changes to her finances...

If I sound tough or mean, it is done with love and care, to help this sweet mother swiftly whip her finances in order, so that she can have a decent retirement. What we think we need for retirement verses what you really need for retirement are often two very different numbers when you factor in inflation, cost of living and longevity. The quicker you can get on top of your finances, the better.

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I have a range of calculators to help you on the SugarMamma website - these give you an overall idea of how much you need to save and invest  in order to achieve your financial goals. It also provides predictions of how much you will earn through certain investments. I also share lots of investment strategies in my latest book, Mindful Money.

Please also note that this is general advice only and the discussion of Super contributions (salary sacrifice and after tax contributions) is for illustration purposes only to understand what potential techniques can boost financial outcome. This is not final or personal advice.

Also, please note that no advice was given, we were simply discussing the long term impact of contributions and different types of contributions. It is important to get professional financial advice so that you can work out the best balance between salary sacrificing and after tax contributions. Sometimes salary sacrificing can help you qualify for additional tax benefits but there is also 15% contributions tax to consider. For this lady, she liked the control she had with making her own after tax contributions, in combination with salary sacrificing. 

Make sure you are following me on Instagram @sugarmammaTV as this is where I provide all the links to my podcasts, videos, blog posts and a daily dose of financial inspiration and motivation. All made with love for you...and please don't forget to leave a review xCC

General Advice Disclaimer

The information on the SASS Financial website is general in nature and does not take into account your personal circumstances, financial needs or objectives. Before acting on any information, you should consider the appropriateness of it and the relevant product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant Product Disclosure Statement or other offer document prior to acquiring any financial product.

Canna Campbell is a Corporate Authorised Representative and Corporate Credit Representative of Wealthstream Financial Group Pty Ltd ABN 35 152 803 113 Australian Financial Services Licensee AFSL 412079.