When I was growing up I would see my parents and aunts and uncles all with salary slips and on there would be deductions for funeral policies, death cover, insurance, retirement. I'm sure some of y'all know.

It took me years to understand that these were actually investments and this was their portfolio and was because it didn’t make them less broke or lead to financial freedom.

What was the deal with that?

It’s not that people don't invest; it's their approach to investing that holds them back. They buy whatever they are told to buy by the many financial advisors that come to their companies or by their friends.

They join the pension scheme at work; buy the funeral policy their friend is selling, but what's the strategy behind all this?