Featured in the business and finance section of the September Pittwater Life magazine, Darren is a featured financial adviser, writing about how to reach your ideal life in retirement holistically with his concept of the Money Pyramid, which is based on 20th century psychologist Abraham Maslow’s ‘Hierarchy of Needs’ pyramid. No doubt money plays an important part in a successful retirement but it is incomplete to look at figures without taking into consideration what purpose money will serve: your quality of life and sense of emotional well-being.
Maslow teaches that we are motivated by unmet needs, and that lower needs must be satisfied first before the higher needs can be addressed. We must meet our most basic needs like physical survival before we can address our higher needs like belonging. Using this concept, our Money Pyramid consists of five different levels, starting from Existence on the bottom, followed by Security, Freedom, Giving and Dream Money at the top pointy end of the pyramid.
Doing the Money Pyramid worksheet should help produce clarity for you. View your retirement income not just as a way to pay the bills but as a means of funding a life. Click here to download the free worksheet and link to our eBook on 7 Steps to Securing Your Ideal Retirement.
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If you would like to speak to us about your retirement, please feel free to give us a call on 02 9913 9995. We are located in Narrabeen on the Northern Beaches of Sydney.
Disclaimer: This publication has been prepared for general information purposes only. It is not specific advice to any particular person. You should consult an authorised Align Financial adviser before making financial decisions.
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