My Journey To Financial Freedom
Everyday life tends to get in the way of our future constantly. We are always worrying about paying this bill or the new set of tires that the car needs. We are constantly shoving back thoughts about any future past the end of the month or the end of the year. Before you know it you wake up and you are 50 years old and your plans for retiring at 35 are 15 years ago. Today is the day you have to start planning for your future.
To be wealthy requires 3 things. One is money. Another is how you will enjoy your retirement but the first and most important part of wealth is health. If you wait until you are 50 to start taking care of yourself, the path will be much harder but not impossible. By now you have realized that you are not going to live forever. Regular medical checkups now are not a suggestion be a requirement. Being Proactive about health conditions improves your chances of a long period of enjoying your retirement. We live in a society of pharmaceuticals now. Whenever your doctor prescribes the next great pill, ask him or her if there is a lifestyle change you can make to avoid this wonder drug.
Next let your mind dream a little. Plan a retirement that will give you a purpose. You have to have a reason to get out of bed each day. This is the time of life when you are supposed to get the rewards that you have worked hard for. Do not wait until your second day of retire to decide what you want to do.
A great retirement requires a financial plan that lets you enjoy the hard work that has gotten you to this point. The earlier you start building a wealth plan the less pain will be required. At age 20 if you save $10 per day you will have over $2 million saved by the time. Unfortunately most people do not think about it until they reach the age of 40 -45. Now you have to focus and cannot make any exceptions. Remember most people want to retire by age 55.
You have many options, 401k, Social Security, Stocks and Real Estate. But let’s investigate some more uncommon things to improve your wealth future. Wealth requires money, but does it have to be in large pile? In reality what you want is a steady income that allows you to enjoy the first two things that we have talked earlier. Finding something that generates an income without having to punch a time clock for many years is important. My advice is to look at being an online business owner. Look for a business that will be self generating with a limited amount of energy after you have it up and going.
Post your comments or ideas here or for more information on all of these ideas come to our blog. Find your passion and live out your life pursuing it to the fullest. And if you follow these ideas I will see you on the golf course.