By Heather Katsonga-Woodward, http://themoneyspotprogram.com

How often do you think about how you're going to live life in your

60s? Here are alternative outcomes.

Living Off The Kiddies

Some will reach the age of 60 without a single saving. You will depend

on your kids for money, for food and perhaps even need them to house

you somehow – if they are willing. For many this will not happen

because life has been unkind to you, it will be the result of a series of

bad choices such as having more children than you can afford to support and not saving enough.

Be in no doubt that if you find yourself in this situation you will be a burden to your children. In the ideal

world children don’t want to have to look after their parents financially and if they just earn enough to

support their family will resent having to look after you because you didn’t plan for old age.

Could this be you?

POSSIBLE SCENARIOS

Oh, This Isn't My House?

Some will reach retirement age and realise that the bankor the company they work for owns “their” house

and “their” car. It’s easy to forget such things when you are enjoying life but at this point you will be

forced to either live off your children or invest your savings in a business.

If you’re lucky you’ll find jobs in retirement or positions on boards of directors that provide an income

whilst you make up for lost time on the investment front.

Living Off The Rentals

Some will reach the age of 60 with a tidy property portfolio. You will own the house you live in outright

and you will have at least two rental properties.

Your rental properties will produce enough money to cover all necessities, bills and wants such as

holidays. When your children come to visit you, they will come with pride. Pride that they have forward-

thinking parents that had the wisdom to cover their own retirement. You will have no unnecessary worries

and will be safe in the knowledge that you never have to go to bed hungry or cold.

The Art of Visualisation

Visualising is like fantasising. You visualise a specific event in the

future in very specific and detailed terms and think about how much

you will enjoy it. Scientists have confirmed that visualising can lead

to the achievement of real results.

By Heather Katsonga-Woodward, http://themoneyspotprogram.com

In a well-known study on creative visualisation in sports, Russian scientists compared three groups of

Olympic athletes:

Group 1 received 100% physical training;

Group 2 received 75% physical training with 25% mental training;

Group 3 received 50% mental training with 50% physical training;

Group 3 had the best performance results. This indicates that some types of mental training, such as

consciously invoking specific subjective states, can have significant measurable effects on biological

performance.

Further to this, some celebrities have argued that they have achieved certain results in their life by

visualising them first. These include Oprah, Will Smith and Jim Carrey.

Visualising helps you to focus on a goal. If you can find just ten minutes a day to meditate and visualise

the things you want to achieve you will increase your chances of achieving them.

Most people don't think too far beyond the next couple of years, if that. Those that do are at an advantage.

Of course you shouldn't live so far in the future that you cannotenjoy the present. That said, thinking

about and planning for the future is enjoyable in itself –just do it!

"Ordinary people believe only in the possible. Extraordinary people visualize not what is possible or

probable, but rather what is impossible. And by visualizing the impossible, they begin to see it as

possible." Cherie Carter-Scott