Everyone wants to live out their retirement years in comfort. The problem is they fail to properly prepare for it. Research shows that only about 18% of those approaching retirement age are confident that they will have enough assets to live the life they want after retirement. Another 40% are either not very confident or not confident at all.
We all have different bucket lists for our retirement years, but if we want to be able to check things off that list, we need to be financially secure enough to do so. No matter what age you are, it is never too early to begin creating the wealth you want in retirement. Once you know what your goals are and what you are going to be using your money for, it’s time to start creating the wealth you’re going to need.
The million dollar question is, “How?” In a world where the political system has gone haywire, the health care system is a total chaos, and the chance of economic recovery is questionable, no one knows what the future holds. It’s much easier to be a pessimist right now than an optimist about having the wealth you’ll need for a secure future. It is more important than ever to find a secure way to make sure you have the ability to live the life you want and be able to after retirement and do the things you want to do.
The stock market may look good right now on the surface, but is it really the right way to go to prepare for the future. Traditional financial advisors would say, “Yes.” They would look for ways to invest your money with a “chance” of creating the wealth you want in retirement. Is that really what you want? Do you want to risk the chance of losing everything and living your “golden years” in poverty? I don’t think so.
Creating the wealth you want for retirement doesn’t have to be a risk. You don’t have to have a lot of money to get started either. Traditionally the first question they want to know the answer to is “how much” you have that you can invest. They want to know how much you’re willing to put in their hands and let them totally control. Preparing for retirement doesn’t have to be about “how much” or about risking what you do have. There’s a better way to create the retirement wealth you need.
If it takes what you make right now to get by, you might think you don’t have the money to save for the future. There’s a chance, however, that you are transferring away a substantial amount of money without knowing it. That’s where thinking out of the box can work for you. You can create wealth in a way that is outside the norm. Not only will you be able to have money to save for retirement, you may have more money to spend each month right now.
So where does this money come from? It comes from finding that money you’re transferring away in areas such as:
How you finance major purchases such as your automobiles, education, etc.