To successfully manage super, you must understand how it works and make informed strategic decisions.
Rich people do not become wealthy by remaining unconscious. They consciously decide to manage their assets through various wealth creation strategies, with super being one of them. While most people may not fall into the rich demographic, it does not mean they should not engage with strategies to create more wealth for themselves, be it saving some money, buying a house, or effectively managing super.
Younger people mistakenly ignore their super and miss many opportunities to manage it effectively as a wealth creation asset. While older people might not realise how exposed their super is to growth assets and what might happen in investment markets a year or two before they retire. Older people also tend to miss the opportunity to save on taxes and top up their super balance by using a Transition to Retirement strategy once they reach age 60.