ITS TIME TO STOP HOPING FOR THE BEST AND START KNOWING WHAT TO DO
This quick read book identifies five principles for achieving financial self-sufficiency and retirement prosperity by design.
⦁ How to create your own strategic plan for financial self-sufficiency
⦁ An investing and trading road map for generating income and long-term wealth
⦁ The income producing vehicles that produce regular income for you
⦁ The five entrepreneurial steps for turning problems into income producing assets
Long term decisions about retirement planning can be challenging. We spend 11 years plus in school and learn nothing about money. Then we spend the rest of our lives trying to earn and save so that we have enough to live on when we need it the most.
Excerpt from Chapter 2 Clarity & Control
Nowadays, in highly disruptive times, individuals need to boost their knowledge, skills, behaviors, and attitudes. Strong forces such as globalization, digitalization, and rapid demographic changes demand a strong ability to cope with change. Learning new skills or improving existing skillsets ensures that you are up to speed with the shift in trends.
Saving is the first step in having a financial strategy but before that, let’s talk about goals.
If you want to succeed, you need to set goals. Without goals, you lack focus and direction. Goal setting not only allows you to take control of your life’s direction but also helps you to measure the level of progress with your ambitions.
Many feel anxiety and helplessness when they think about funding their retirement. Maybe you do, or maybe it’s not something you have even thought about up until now. Let’s go through a simple goal setting exercise to help you gain a sense of clarity and control over the steps required to achieving that overall aim.
When you set goals, they must motivate you. From this exercise, you can develop an action plan to achieve your overall aim.
Below are the different levels of financial success. They are beginning at financial security through to financial Freedom.
Excerpt from Chapter 3 Investing & Trading
Investing and Trading are two approaches to profiting from the financial markets. Both groups have the same goal but choose different time frames and approaches in achieving the overall aim. Both offer great value when using the financial markets to fund your retirement.
Understanding how to earn income and growth from the financial markets will be a key building block of your Retirement Prosperity by Design. The financial markets are the deepest pools of financial resources on the planet. There is no shortage of money, just merely an understanding of how to access it.
It is believed that Albert Einstein said – “Compound interest is the eighth wonder of the world. He who understands it earns it … he who doesn’t … pays it.”
Compound interest is the addition of interest (money) to a principal amount. Think of it as interest on interest, money earned on top of money. Ever heard the saying by Benjamin Franklin “money makes money, and the money that makes money makes more money”
While investing money for future profit and income can be a daunting task to many, four major strategies can be employed to reduce your overall risk in the market:
We live in a capitalist society. If we don’t have income from capital assets (e.g. businesses, real estate, stocks and shares, financial instruments, patents, licenses, etc) then we are left in the position of selling our time (labour) to survive. Saving is the first step but if you want to retire wealthy, you must make your money to work for you.
Thankfully with focus and applied action, you can become financially self-sufficient and develop your very own retirement prosperity and it starts with reading this book.