Get Your Own FIDO!
  • 3 September 2017

Get Your Own FIDO!

In 1970, when I set out on my wealth creation, people retired at 60 or 65, and life expectancy was only 3 years longer for men, at 68. Then, it was common for sales people to go around selling life insurance where you can contribute all your life and be paid for 20 years after you retired. The life companies, of course, knew that you can only collect for 3!

Few people then would bother accumulating wealth for their retirement, “Why bother, I’m only going to live for 3 years after I retire anyway! “One of these salesmen was Merv McCullough, who unsuccessfully tried to sell me this insurance. In the process, we became good friends and soon, Merv was buying property off me, and then with me. It was Merv that pointed out that life companies know about the real life expectancy and gave the second most impressive statistics I’ve ever learned.

Merv said “of the actuaries behind the companies know the average person retires at 65 and dies at 68 (males) they know, that if a male retires at 55, they will live for the same life span of a woman - which at the time would give you a few more years. So impressed with this statistic that Merv gave me his life plan, and that was to only work until 55 and then to make sure he had enough wealth to carry him on for another 30 years. Merv agreed with me, Property was the way to go.

Merv rang me just the other day for one of our regular chats. Merv is now a bright 92, and while he’s given away bowls , he still enjoys a game of golf. Merv has just given away his license, living in an ideal location with a resort lifestyle. After Merv turned 55 I tried many times to entice Merv back, but no! Merv had done a perfect job of planning his future 50 years ahead!

How old are you? How long do you expect to live? Now the average age is pushing late 80’s and is anticipated that the average age will pass 100 years old. Given this longer life span after retirement, how are you going to enjoy those many years?

While Merv had to work all this out with pencil and paper and many hours, you don’t have to! Your Property Mentor - like you, once a club member, then an investor, is standing by to help you.

They can speed up all of the many calculations you need using our world unique software we call FIDO . This will protect your future and allow you to have a comfortable, healthy long lifestyle after retirement age.

[Click Here](mailto:enquiries@propertyclub.com.au?subject=Contact My Property Mentor) to contact your Mentor and get your own FIDO. What’s the cost? All our club services absolutely free! That’s why we create more millionaires than all others COMBINED. At the moment we’re heading to 6,000 Property Millionaire which we believe is a wealth creation record.

Happy Investing,

Kevin Young

Related Posts

Onsite Managers/Caretakers – The Good, the Bad and the Ugly

Onsite Managers/Caretakers – The Good, the Bad and the Ugly

If you are a property investor who owns a unit, you may well have bought into a development whose Body Corporate engages an Onsite Manager or Caretaker (hereinafter referred to as an OSM). Now some OSM’s are good, and some are bad, and some are outright ugly! If your complex has a good one, breathe a sigh of relief...

🌟 Property Market Update with Clifford Bennett | June 2024 Edition 🌟

🌟 Property Market Update with Clifford Bennett | June 2024 Edition 🌟

Welcome to our latest property market update! In this video, renowned economist Clifford Bennett shares his expert insights on the current trends, challenges, and opportunities in the property market. Whether you're a homeowner, investor, or simply interested in real estate, this update is packed with valuable...

Western Australia leads nation in property investment growth, offering hope for renters

Western Australia leads nation in property investment growth, offering hope for renters

Western Australia has recorded the highest growth rate in property investment of any Australian state over the past year, with investor lending reaching a record $1.15 billion in April 2024, according to the latest ABS figures. Kevin Young, President of Property Club, said that property investment activity in WA has...

Become a Member Today!

Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.