The Pension reality check - its days are numbered                                                

Australia and western governments across the world are facing one of the biggest challenges in the history of humanity: the increasing numbers of older people living longer on the pension. There are currently over 3.3 million of 65-year-olds in Australia and 84% of them are receiving the pension. This number is expected to double to 6 million by 2040. As the numbers keep on climbing in the next 25 years, the government will not afford to pay the pension, the related health and care costs without affecting the economy and sacrificing the future needs of the younger generations. 

What can Australia (and western countries alike) do to weather the increasing budget deficits as more and more people retire without adequate retirement savings? My professional experience tells me that the middle class must plan for a future without the pension and get off the Consumerholic treadmill by increasing its Money Intelligence level. 

My personal experience of dealing with hundreds of people over the years and having thousands of conversations in my office tells me that thankfully there is a solution to this impending crisis. The solution lies in shifting from a mindset and culture of entitlement to one of self-determination. It is the power of the individual: You can make faster change than big governments stuck with red tape and politics and this will eventually make the difference to society.  I share my Magna Vision in my book Money Intelligence® - Anchored in Values. MY Magna Vision for Australia is to see an improvement in the numbers from 16% to 50% of those retiring in the next 25 years to become self-funded retirees. If you increase your Money Intelligence™ (MQ) level, you will be able to build your wealth and achieve financial liberation. 

How do you build your wealth?

Watch this Introductory 2 minute video and begin Now your journey towards financial independence


The book’s main message is that you are not born with a Money Intelligence gene. Money Intelligence is learn-able and anyone can improve their MQ to change one’s human condition.  I am asking each individual to liberate oneself from the physiological survival of the 9-5 daily grind—stuck with a mortgage and in need of a steady income—by becoming financially liberated. Then you can turn your attention to big-picture issues that this world needs to resolve—care about the environment, alleviate poverty, uphold freedom and pursue fairness.

In the book, I weave my parents' business story in Ramallah, Palestine throughout and share my clients' money journeys as I unveil my Money Intelligence® (MQ) model. I share the values and mindset principles behind the model with you, the reader to help you increase your MQ by:

1. Redefining the concept of “Financial Strategy” as I assert that you cannot afford to make financial mistakes based on flawed financial assumptions. At stake is your retirement plan. 

2. Proposing that Mindset is the basis for MQ: It is Mindset that determines the outcome and you need to understand your Money Mindset, explore your values, understand how your money beliefs determine your thoughts and consequently shape your destiny. I present you with 18 values and 48 money mindset principles that form the basis of the Money Intelligence model.

3. Calling for the Individual’s Financial Transformation to bring about social change by:

a) Shifting your mindset from Consumerholic to Investorgetic® —a term I coined to mean someone who is passionate about investing with a focus on your financial future. Learn how I get to identify sound and effective financial strategies and how I use those strategies to set the financial plan.

b) Adopting the Investment Philosophy of Enough: Say no to greed and quantify your “enough money number” to retire on.

c) Becoming a Money Anchor: The Money Anchor is someone who believes that contribution, empowerment and compassion are the values you need to adopt in order to support each other starting with family, then society and planet Earth. The Money Anchor knows that giving of their time, knowledge and money is their way of following their life calling of contribution, empowerment and compassion. Without becoming a Money Anchor, money making is meaningless. 

To find out how you can build your wealth with Money Intelligence, begin your journey now and download the first three chapters here:

Printed and ebook copy purchase is available on SHOPIFY. Special Christmas book sale is on now from 12th to 23rd December 2016. 

Blog image: The Olive Tree by Natalie Najjar. Part of body of artwork created and featured in Money Intelligence® book


Susan Wahhab —CPA, SMSF Specialist, Entrepreneur, Working Mum, Small Business Supporter— is Australia’s leading Financial Strategist and Money Mentor. Susan is the founder and managing director of Accounting and Financial Services firm Winner Partnership Pty Ltd  

Susan is the author of the transformational and practical book Money Intelligence®. Susan is passionate about helping people achieve financial liberation. At the age of six, she witnessed how her money-savvy mum (whom she calls the money manager) joined forces with her dad (whom she refers to as the money maker) to save the family business from bankruptcy and become financially free. Susan truly believes that people can become financially liberated by developing a healthy relationship with money. Learn more about being money intelligent