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One of the surest ways to create long-term wealth is through investing. If we do not invest wisely and consistently, we will end up like the majority of South Africans who do not have enough money for retirement. Young people understand this but far too often they say retirement is far away and that there is still plenty of time to make real money and save for the golden years. Retirement isn’t a date, it is a phase of life, and advancements in health and wellness mean that people can live well into their 80s and 90s. Retiring at 60 means that you may need to save enough money to sustain your living for another possible 20 or 30 years. Here's a simple thought experiment with a profound lesson. Do you have enough money now to last a month without working? Two maybe, or possibly six? Imagine 240 months — if you should die at 80. That's a lot of months.

Then there’s the whole concept of wealth. Do you want to leave something behind for your children? Do you want to be the one who...

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