Who Else Wants To Retire Early quickly?

Our ultimate quest in life is learning how to retire early. It should be simple, though not easy, and involves our full attention, resources and minding the potential traps along the way.

It brings to mind, after reading, “You Call the Shots” by Cameron Johnson. He
started 12 successful businesses before he turned 21!

He opined that the best way to make money work for you is to invest in retirement
savings. The earlier we start, the better, though, retirement is furthest from our minds, but it is the most important decision that will ensure our future is solid, fuelled by compounding interests (your dividends are reinvested for years, if not decades!)

This blog calls for automatic monthly savings and investing into income
generating vehicles
and accelerating our retirement thru creating money income sources. <click here for more info>

First step is to ensure we have a self enforced monthly saving. This is completed by having our bank instructed automatic monthly deduction from our salary. That way,
we have the money taken out from our spending habits even before we become aware of the need to save money.

It calls for a positive cash-flow i.e. we spend less than what we earn. This mindset of having surplus is nonsensical unless one understands the fundamental law of money – it is mathematically impossible to save money with negative cash flow!

Second step is to make our money work for us by automatically investing into a retirement savings account. Especially, an account that’s locked and not reachable by our hands, locked away by laws and cannot be touched. The best account I would focus is retirement funds like 401K, IRAs, annuities, pension funds that’s created to generate income which are then re-invested, again automatically and then compounding your income streams.

Finally, third step is to accelerating our retirement thru increasing our monthly savings by creating multiple income streams by looking for passive incomes. It can be part-time jobs, selling product and services online and off-line and possibility of using your skills e.g. painting, repairing or even consultancies. <click here for info>

So the ultimate question is how does one spend less than one earns? Many ways, e.g. looking for cheaper alternatives, buy used not new, recycle or use things longer, cut out the unnecessary “wants”, live frugal, cut out the credit cards. The alternative of not having positive monthly surpluses is disaster, allowing money to yell back at us and living a life of plain waking up with nightmares, worries and living in the past. <click here for more info>

It is what Kiyosaki<Amazon>, once said, never get into new consumer debts, find investments that yields 12% to 14%, reinvest the dividends, find where your expenses are, find what your investments are performing and finally be financially literate. Great advice but potential useless unless one practises it and better still when preaching it.

Hence it pays to be financial literate by being aware of how our pension funds are doing, and being aware of pension advice Cameron Johnson. Start the saving habit early and not only you not spending that money, but you are also giving it opportunity to compound and appreciate for years and even decades for your own solid retirement!

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4 Responses to Who Else Wants To Retire Early quickly?

  1. happy says:

    Good day

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  2. happy says:

    Good day

    we are an International and Local Loan Lender,we offer Loans with
    2% Interest Rate Depending,we give out loan to
    an Individuals, Firms and Cooperate Bodies even those with Bad Credit
    History Depending on their Marital Status, Sex, Religion, and LOCATION
    but must have a legal means of repaying back the Loan at the
    stipulated time, AND MUST BE TRUST WORTHY…

    APPLICANT’S DETAILS:

    * Name Of Applicant:……………..
    * Address: Of Applicant: …………
    * State:………………………..
    * Country: ……………………..
    * Gender: ………………………
    * Marital Status: ……………….
    * Age:……………………. …..
    * Occupation:………………. ….
    * Income Rate: ………………….
    * Mobile:……………………….
    * Loan Purpose…………………..
    * Amount Needed………………….

    AS SOON AS we RECEIVE ALL THIS INFORMATION FROM YOU, I SHALL NOTIFY
    YOU ON WHEN YOUR LOAN WILL BE APPROVED AND TRANSFERRED TO YOU IN WHICH
    EVER WAY DEEMS YOU FIT TO GET YOUR LOAN.
    Hope to hear from you soon. Thanks and God Bless.

    Regard

    Miss happy
    Happy LOAN SERVICE PL C
    Managing Director…/MD
    Phone number:+44701113741
    Loan Department
    actualizing your financial dream !!
    EMAIL (happyloan45@gmail.com

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  4. Pingback: What Does Retirement Mean To You? | Successful Traders Secrets

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