Showing posts with label retire early. Show all posts
Showing posts with label retire early. Show all posts
Tuesday, January 31, 2012
Wednesday, November 9, 2011
Community of Investors and Achievers
Get your proactive, motivated self and your NZT48!
I have got some people together who are investing for early retirement, follow Robert T. Kiyosaki and a few other fine gurus.
If you want to retire early or become a billionaire, you need to get around the right people.
Come check it out this community of achievers. Read the description carefully.
This group is moderated by the author of The Black Book of the Master Mind.
http://finance.groups.yahoo.com/group/IndependentWealth/
In IndependentWealth, you can:
- Share what works and what doesn't with other uncommon people.
- Get excellent articles, motivational quotes, memes, book suggestions, and stock picks.
- Unite with others who pursue FI-RE regardless of other people's messages and insinuations.
- Get honest opinion on the financial markets and stock picks.
I have got some people together who are investing for early retirement, follow Robert T. Kiyosaki and a few other fine gurus.
If you want to retire early or become a billionaire, you need to get around the right people.
Come check it out this community of achievers. Read the description carefully.
This group is moderated by the author of The Black Book of the Master Mind.
http://finance.groups.yahoo.com/group/IndependentWealth/
In IndependentWealth, you can:
- Share what works and what doesn't with other uncommon people.
- Get excellent articles, motivational quotes, memes, book suggestions, and stock picks.
- Unite with others who pursue FI-RE regardless of other people's messages and insinuations.
- Get honest opinion on the financial markets and stock picks.
Sunday, June 5, 2011
Does the Truth really Hurt? It Shouldn't, Because You DO NOT Have to Retire Poor!
You do not have to retire poor. You do not have to retire when you are old.
You can (for the most part) cut yourself off from things and people that cause poverty, ill health, and negative emotions.
You have to forget what "they" say. Forget what your broke coworker says. Forget what the guy on TV says. Forget what the 40 year old High School Student Leader says.
When you get the time or feel inclined, come down to www.renegadeuniversity.net
You will find assistance in planning to retire early or to have the money to live the life YOU really want.
The info at the site above took years of the school of hard knocks to learn. The ideas there are tested and effective. But be forewarned, "they" will not approve.
You can (for the most part) cut yourself off from things and people that cause poverty, ill health, and negative emotions.
You have to forget what "they" say. Forget what your broke coworker says. Forget what the guy on TV says. Forget what the 40 year old High School Student Leader says.
When you get the time or feel inclined, come down to www.renegadeuniversity.net
You will find assistance in planning to retire early or to have the money to live the life YOU really want.
The info at the site above took years of the school of hard knocks to learn. The ideas there are tested and effective. But be forewarned, "they" will not approve.
Friday, February 25, 2011
Beat the Money Game and Retire Early - Part 2
Gen X and Y could (and should) mobilize and ask Congress for:
- Lowered capital gains tax.
- Cuts in frivolous spending by colleges & universities (to reduce tuition).
- Further cuts to the payroll tax.
- Reform of regulations for mutual funds (I.e. number of stocks in the fund, use of options, etc.)
- Reduction in taxes for the 401K and 403B. A significant cut would encourage people to retire, resulting in job openings.
- Enforce existing fraud laws and repeal Sarbannes Oxley.
What are your ideas for "working the system" and retiring early?
- Lowered capital gains tax.
- Cuts in frivolous spending by colleges & universities (to reduce tuition).
- Further cuts to the payroll tax.
- Reform of regulations for mutual funds (I.e. number of stocks in the fund, use of options, etc.)
- Reduction in taxes for the 401K and 403B. A significant cut would encourage people to retire, resulting in job openings.
- Enforce existing fraud laws and repeal Sarbannes Oxley.
What are your ideas for "working the system" and retiring early?
Thursday, January 6, 2011
Beat the Money Game and Retire Early
You have probably heard the idea that you can beat the game or beat the system and enjoy the fruits of success while you are young. I have some ideas that can help you retire much earlier than at age 59 ½. These ideas will require a lot of initial effort, but I bet they will pan out.
First, the government should allow people to opt out of social security. What if each taxpayer could contribute an extra $100 or more every month towards their Roth IRA? We would be responsible to make good investments. But this idea is far better than the social security generation X and Y will get.
Second, end unemployment insurance. Your employer has to send the government a sizable percentage of your pay to the unemployment department. What if the unemployment plan were eliminated? What if the worker and employer split the money 50/50 and the worker could save and invest the difference? Again, you would be adding at least a few hundred dollars a month to your brokerage account.
Third, allow all citizens to invest in hedge funds and IPO's. Yes, these investments are more risky, but what if your broker or 401(k) administrator found you a great one? It could make all the difference.
Fourth, identify and thoroughly research and study your objective, whether it is a business or career, etc. It doesn't matter what your objective is, just thoroughly research it and make an organized plan for reaching this goal. Read the pertinent rules and regulations and look for any advantages and loopholes. Read books about or talk to the people involved in reaching this goal. This will help you uncover more facts that will help you. If your major business or career objectives lead to serious money, I would suggest serious research and work.
When you know enough of the facts you will have an easier time planning and doing the work involved in getting the money to retire early. You will also find that creative and lateral thinking are easier when you know what you are doing.
Fifth, join a master mind group and multiply your intelligence, your contacts, and mental resources. We don't know everything. This makes good master mind groups valuable. A guide in territory that is new to you is very advisable.
Now you have a few ideas that can help you retire early. To find more ideas for escaping the rat race see http://www.renegadeuniversity.net. Don't reinvent the wheel, visit this site.
Article Source: http://EzineArticles.com/?expert=David_Drews
First, the government should allow people to opt out of social security. What if each taxpayer could contribute an extra $100 or more every month towards their Roth IRA? We would be responsible to make good investments. But this idea is far better than the social security generation X and Y will get.
Second, end unemployment insurance. Your employer has to send the government a sizable percentage of your pay to the unemployment department. What if the unemployment plan were eliminated? What if the worker and employer split the money 50/50 and the worker could save and invest the difference? Again, you would be adding at least a few hundred dollars a month to your brokerage account.
Third, allow all citizens to invest in hedge funds and IPO's. Yes, these investments are more risky, but what if your broker or 401(k) administrator found you a great one? It could make all the difference.
Fourth, identify and thoroughly research and study your objective, whether it is a business or career, etc. It doesn't matter what your objective is, just thoroughly research it and make an organized plan for reaching this goal. Read the pertinent rules and regulations and look for any advantages and loopholes. Read books about or talk to the people involved in reaching this goal. This will help you uncover more facts that will help you. If your major business or career objectives lead to serious money, I would suggest serious research and work.
When you know enough of the facts you will have an easier time planning and doing the work involved in getting the money to retire early. You will also find that creative and lateral thinking are easier when you know what you are doing.
Fifth, join a master mind group and multiply your intelligence, your contacts, and mental resources. We don't know everything. This makes good master mind groups valuable. A guide in territory that is new to you is very advisable.
Now you have a few ideas that can help you retire early. To find more ideas for escaping the rat race see http://www.renegadeuniversity.net. Don't reinvent the wheel, visit this site.
Article Source: http://EzineArticles.com/?expert=David_Drews
Wednesday, June 9, 2010
If You Really Want to Retire Early
If you really want to retire early, consider that 1/2 of US households earn $44,000 a year or less. That makes the going pretty tough for 1/2 of the US population.
But if you were to start right now, you would be improving your odds a great deal.
If retiring early is for you, check out www.renegadeuniversity.net
There is a lot of free info at the site. You won't need to hunt for days looking for all the information and hard won lessons. Its all right there.
There is a lot of BS on the Internet about retiring early, but none of it is at the site above.
But if you were to start right now, you would be improving your odds a great deal.
If retiring early is for you, check out www.renegadeuniversity.net
There is a lot of free info at the site. You won't need to hunt for days looking for all the information and hard won lessons. Its all right there.
There is a lot of BS on the Internet about retiring early, but none of it is at the site above.
Monday, June 16, 2008
New to the Retire Early - Financial Indendence Movement?
If you are new to the pursuit of financial independence, take a look at the site I'm going to show you. What I have is 30 + hard won and hard learned "secrets" of wealth creation. These "secrets" are presented for free, but will take a little time to read. These secrets include various stock market investing strategies, straight talk on saving money, and a couple ways to utilize a mastermind.
Here ya go: http://www.independentwealth.us/Secrets.html
Here ya go: http://www.independentwealth.us/Secrets.html
Sunday, May 18, 2008
Can I Retire Early?
There are many factors that will help you determine whether you’ll be able to retire early. Here’s how to figure it out. Question: I’m 50 years old, my wife is 44 and we would like to retire by the time I’m 55, if not sooner. We have a little over $600,000 in 401(k)s, IRAs and other retirement accounts and another $250,000 or so in stocks, mutual funds and cash that we can draw on once we retire. Our mortgage will be paid off shortly and we have no other debt. Do you think we can pull off early retirement?
—Anonymous Answer: The fact that you’ve saved a considerable sum and aren’t going into retirement saddled with debt, certainly increases your chances of being able to retire early. Still, I can’t give you a definitive answer to your question. I would have to know a whole lot more about your finances to even begin to take a reasonable stab at it. But I can tell you how to assess your situation so that you can figure out on your own or with help from an adviser whether it’s realistic for you to call it a career within the next five years. As I see it, you’ve got to size up your shot at an early retirement from two different perspectives - a financial and a lifestyle point of view. The two are related, of course, but we’ll tackle them separately, starting with the financial side. Whether you’re evaluating your prospects for retiring early or at a normal retirement age (whatever that may be), the fundamental financial question you face is this: Can the retirement savings you’ve accumulated in 401(k)s and other accounts generate enough sustainable income combined with Social Security and any pensions to support you for the rest of your life? You’ve provided a rough sketch of one aspect of your finances - namely, the assets that you can draw on during retirement. But in order to tell whether that nest egg is sufficient, you’ve also got to consider the other side of the ledger, which you haven’t mentioned - i.e., expenses. You need to know how much money you will need on an annual or monthly basis to live comfortably once you’ve left your job. I’m not talking about a guesstimate here. I’m talking about putting together a detailed retirement budget that lays out the actual expenses you’ll face at the time you retire and projects your likely spending even into the later years of retirement. Only after you do that can you judge whether the size of your savings stash will be large enough to support you throughout a retirement that, in the case of you and your wife, could last upwards of 40 years. Unless you’re some sort of a math wiz, this isn’t an assessment you can do with a pencil and paper. There are too many variables and uncertainties.
So you have two options: go to an adviser who can crunch the numbers for you, or run the numbers yourself using an online calculator, such as Fidelity’s Retirement Income Planner. One of the features I like about this tool is its interactive budget worksheet that allows you to break down your spending into nearly 50 different categories. You can even assign different rates of inflation to different expenses if you think, say, your health care costs will rise faster than what you spend on travel. What’s more, you can even budget for expenses that you know will disappear at some point in the future, such as a car loan or home equity loan that you’ll pay off. By plugging in this information along with details on your retirement investments and other resources plus an estimate of how long you’ll live (I generally recommend planning at least until your early ’90s), you will come away with a forecast of how many years your savings and other income sources will likely support you. http://asktheexpert.blogs.money.cnn.com/2008/05/01/can-you-retire-by-55/
I found this posted at the Raddr-pages.com by Wanderer.
—Anonymous Answer: The fact that you’ve saved a considerable sum and aren’t going into retirement saddled with debt, certainly increases your chances of being able to retire early. Still, I can’t give you a definitive answer to your question. I would have to know a whole lot more about your finances to even begin to take a reasonable stab at it. But I can tell you how to assess your situation so that you can figure out on your own or with help from an adviser whether it’s realistic for you to call it a career within the next five years. As I see it, you’ve got to size up your shot at an early retirement from two different perspectives - a financial and a lifestyle point of view. The two are related, of course, but we’ll tackle them separately, starting with the financial side. Whether you’re evaluating your prospects for retiring early or at a normal retirement age (whatever that may be), the fundamental financial question you face is this: Can the retirement savings you’ve accumulated in 401(k)s and other accounts generate enough sustainable income combined with Social Security and any pensions to support you for the rest of your life? You’ve provided a rough sketch of one aspect of your finances - namely, the assets that you can draw on during retirement. But in order to tell whether that nest egg is sufficient, you’ve also got to consider the other side of the ledger, which you haven’t mentioned - i.e., expenses. You need to know how much money you will need on an annual or monthly basis to live comfortably once you’ve left your job. I’m not talking about a guesstimate here. I’m talking about putting together a detailed retirement budget that lays out the actual expenses you’ll face at the time you retire and projects your likely spending even into the later years of retirement. Only after you do that can you judge whether the size of your savings stash will be large enough to support you throughout a retirement that, in the case of you and your wife, could last upwards of 40 years. Unless you’re some sort of a math wiz, this isn’t an assessment you can do with a pencil and paper. There are too many variables and uncertainties.
So you have two options: go to an adviser who can crunch the numbers for you, or run the numbers yourself using an online calculator, such as Fidelity’s Retirement Income Planner. One of the features I like about this tool is its interactive budget worksheet that allows you to break down your spending into nearly 50 different categories. You can even assign different rates of inflation to different expenses if you think, say, your health care costs will rise faster than what you spend on travel. What’s more, you can even budget for expenses that you know will disappear at some point in the future, such as a car loan or home equity loan that you’ll pay off. By plugging in this information along with details on your retirement investments and other resources plus an estimate of how long you’ll live (I generally recommend planning at least until your early ’90s), you will come away with a forecast of how many years your savings and other income sources will likely support you. http://asktheexpert.blogs.money.cnn.com/2008/05/01/can-you-retire-by-55/
I found this posted at the Raddr-pages.com by Wanderer.
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