Early Retirement ??" Something to Think About
People always get scared out of their minds when someone mentions early retirement planning. Early retirement planning is not something you do with your regular 9 to 5 job. Early retirement planning is a mindset that allows you to recognize that the only people that save their whole working lives for retirement are the ones who wind up broke and angry when they reach their mid to late 60's.
Early retirement planning is about recognizing the real ways to accumulate wealth and security in this country and it has absolutely nothing to do with 401k's and pension funds.
These avenues can really help your finances grow so that you will be able to stop working well before you reach the age of 65. And even after you reached your financial goal you may find it easy to continue following the same pattern and continue to build on your savings.
If you look at the history of the financial world and you consider the current state of affairs with government funds the future looks really bleak. That is especially true if you are resting your hope on social security benefits which may not be around when you are ready to draw on them. And because of the unstable market many have retired with nothing in their 401K. A different approach is needed. You need to invest.
The Possibilities Are Endless
Probably the best way to secure your financial future is through investing in real estate. There are a lot of ways to do this and before you put a single penny into any investment you are best served by taking classes, reading books, and becoming very familiar with how to purchase land and property and what is involved in it.
Learn how to really purchase real estate and you will probably stumble upon those "no money down get rich quick" schemes and learn how to really use that information. You can prospect on property and buy something hoping the value goes up.
You can buy property, fix it up, and sell it for a profit. Or you can invest in rental property and sell when it is time to retire. Any way you look at it investing in real estate is a solid way to secure your financial future.
Early retirement planning is about recognizing the real ways to accumulate wealth and security in this country and it has absolutely nothing to do with 401k's and pension funds.
These avenues can really help your finances grow so that you will be able to stop working well before you reach the age of 65. And even after you reached your financial goal you may find it easy to continue following the same pattern and continue to build on your savings.
If you look at the history of the financial world and you consider the current state of affairs with government funds the future looks really bleak. That is especially true if you are resting your hope on social security benefits which may not be around when you are ready to draw on them. And because of the unstable market many have retired with nothing in their 401K. A different approach is needed. You need to invest.
The Possibilities Are Endless
Probably the best way to secure your financial future is through investing in real estate. There are a lot of ways to do this and before you put a single penny into any investment you are best served by taking classes, reading books, and becoming very familiar with how to purchase land and property and what is involved in it.
Learn how to really purchase real estate and you will probably stumble upon those "no money down get rich quick" schemes and learn how to really use that information. You can prospect on property and buy something hoping the value goes up.
You can buy property, fix it up, and sell it for a profit. Or you can invest in rental property and sell when it is time to retire. Any way you look at it investing in real estate is a solid way to secure your financial future.
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posted by Credit Counseling at
5:48 AM
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