Will You Retire Like the Top 5%?
Retirement.
For many, it’s a dream of living the good life.
Traveling the world. Helping the kids. Playing golf. Visiting with friends. A life of leisure.
What’s your vision of retirement?
Unfortunately, for many, in fact, for most Americans, retirement dreams are just that…..dreams.
The statistics are scary.
Most Americans aren’t close to prepared for their retirement.
Adding to the problem is that many of today’s baby boomers have been counting on a nice inheritance to provide for their retirement.
But, with parents living longer, with health care costs soaring, and the costs of assisted living facilities climbing annually, those nice inheritances are dwindling rapidly.
Social Security isn’t the answer. It’s going broke. Medicare is expected to become insolvent even sooner.
Company pension plans are under funded, and the government doesn’t have the resources to make up the difference.
If you really want to live the retirement of your dreams and join the elite top 5% who are living the retirement lifestyle everyone wants, you’re going to have to depend on yourself. And the sooner you realize this fact, the better!
What’s your plan?
How do you intend to get to your retirement dreams?
In my opinion, there are at least 3 and possibly 4 keys to reaching your retirement dreams.
First, you must begin TODAY to realize that until you have enough PASSIVE income to pay for your desired lifestyle, you have no choice but to continue working.
How much time and effort are you dedicating to creating streams of PASSIVE income?
For most, the answer is none or next to none. Most people don’t even realize what PASSIVE income is, or that it’s up to them to create it. Go figure.
Second, most people are horrible money managers. They reach the age of 65 with 40 years of working income behind them, and have little or no funds to show for all of that time.
You’d think that something as important as managing money would be taught to every person in grade school. It’s every bit as important as learning history or geography or English or math.
But somehow, we’ve all been left on our own to learn this most critical skill that affects each and every one of us. Go figure.
You have got to take control TODAY to learn how to become an excellent money manager.
Third, the average American spends 37 cents out of every dollar on interest. That means that if your monthly budget is $3,000, over $1,000 of your money every single month is going for interest payments to banks, mortgage and finance companies.
Let me ask you something. When you spend that money, do you ever see it again?
$1,000 a month is $12,000 a year. $120,000 in 10 years. $480,000 in 40 years.
Imagine if you could recapture all of that money, and have it growing for you tax free with compound interest over all those years. Would that help your retirement plans?
There is a way to recapture all of those dollars! It’s called Bank on Yourself.
What’s more, when you reach your retirement years, with Bank on Yourself you get to enjoy all of these dollars tax free for the rest of your life.
Yet, less than 5% of all people know how to recapture these dollars, and even of those who do, many don’t take the action to make it a reality. Go figure.
And fourth, if you truly want to maximize your working income and benefit from the tax laws, you MUST become an entrepreneur. You have to learn how to create income from something other than a job, unless you just want to remain in your comfortable rut.
But then, don’t blame anyone but yourself when you’re deciding if you can afford cable TV or going out to eat when you retire.
The majority of those who are saving for retirement are doing it with 401K employer sponsored plans or IRA’s. And those funds are almost always invested in the stock market through the use of Mutual Funds.
Here’s another question for you. Would you take your retirement funds to Las Vegas and gamble with them? Of course not. You want to know with certainty that all that hard earned money you’ve set aside for retirement will be there when you need it.
But I can tell you of countless millions who lost over half of their retirement funds when the stock market crashed in 2000 and 2001. Even today, 6 years later, many have less than 50% of the value they had back in 2000. This didn’t happen to just the unfortunate few. It happened to virtually everyone.
Joining the elite top 5% who enjoy the retirement dreams you want won’t happen by chance. It takes the correct planning and action.
Don’t sit back and watch the years go by. Decide today to do something about it. Master the 4 keys I’ve described above, and you can count of enjoying your retirement years just the way you dreamed they’d be.
Namaste.
Jeff
For many, it’s a dream of living the good life.
Traveling the world. Helping the kids. Playing golf. Visiting with friends. A life of leisure.
What’s your vision of retirement?
Unfortunately, for many, in fact, for most Americans, retirement dreams are just that…..dreams.
The statistics are scary.
Most Americans aren’t close to prepared for their retirement.
Adding to the problem is that many of today’s baby boomers have been counting on a nice inheritance to provide for their retirement.
But, with parents living longer, with health care costs soaring, and the costs of assisted living facilities climbing annually, those nice inheritances are dwindling rapidly.
Social Security isn’t the answer. It’s going broke. Medicare is expected to become insolvent even sooner.
Company pension plans are under funded, and the government doesn’t have the resources to make up the difference.
If you really want to live the retirement of your dreams and join the elite top 5% who are living the retirement lifestyle everyone wants, you’re going to have to depend on yourself. And the sooner you realize this fact, the better!
What’s your plan?
How do you intend to get to your retirement dreams?
In my opinion, there are at least 3 and possibly 4 keys to reaching your retirement dreams.
First, you must begin TODAY to realize that until you have enough PASSIVE income to pay for your desired lifestyle, you have no choice but to continue working.
How much time and effort are you dedicating to creating streams of PASSIVE income?
For most, the answer is none or next to none. Most people don’t even realize what PASSIVE income is, or that it’s up to them to create it. Go figure.
Second, most people are horrible money managers. They reach the age of 65 with 40 years of working income behind them, and have little or no funds to show for all of that time.
You’d think that something as important as managing money would be taught to every person in grade school. It’s every bit as important as learning history or geography or English or math.
But somehow, we’ve all been left on our own to learn this most critical skill that affects each and every one of us. Go figure.
You have got to take control TODAY to learn how to become an excellent money manager.
Third, the average American spends 37 cents out of every dollar on interest. That means that if your monthly budget is $3,000, over $1,000 of your money every single month is going for interest payments to banks, mortgage and finance companies.
Let me ask you something. When you spend that money, do you ever see it again?
$1,000 a month is $12,000 a year. $120,000 in 10 years. $480,000 in 40 years.
Imagine if you could recapture all of that money, and have it growing for you tax free with compound interest over all those years. Would that help your retirement plans?
There is a way to recapture all of those dollars! It’s called Bank on Yourself.
What’s more, when you reach your retirement years, with Bank on Yourself you get to enjoy all of these dollars tax free for the rest of your life.
Yet, less than 5% of all people know how to recapture these dollars, and even of those who do, many don’t take the action to make it a reality. Go figure.
And fourth, if you truly want to maximize your working income and benefit from the tax laws, you MUST become an entrepreneur. You have to learn how to create income from something other than a job, unless you just want to remain in your comfortable rut.
But then, don’t blame anyone but yourself when you’re deciding if you can afford cable TV or going out to eat when you retire.
The majority of those who are saving for retirement are doing it with 401K employer sponsored plans or IRA’s. And those funds are almost always invested in the stock market through the use of Mutual Funds.
Here’s another question for you. Would you take your retirement funds to Las Vegas and gamble with them? Of course not. You want to know with certainty that all that hard earned money you’ve set aside for retirement will be there when you need it.
But I can tell you of countless millions who lost over half of their retirement funds when the stock market crashed in 2000 and 2001. Even today, 6 years later, many have less than 50% of the value they had back in 2000. This didn’t happen to just the unfortunate few. It happened to virtually everyone.
Joining the elite top 5% who enjoy the retirement dreams you want won’t happen by chance. It takes the correct planning and action.
Don’t sit back and watch the years go by. Decide today to do something about it. Master the 4 keys I’ve described above, and you can count of enjoying your retirement years just the way you dreamed they’d be.
Namaste.
Jeff
posted by Jeff Fagin at 11:48 PM
3 Comments:
Jeff,
Passive Income, money management, keeping more of your money, and becoming an entrepenuer.
After reading this again, I realize that I don't have enough of any one topic.
I better keep plugging away.
Jeff
I'm working on getting to the top.
Larry E.
I'm controlling money management but need to expand passive income more.
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