"Is it possible to retire earlier than you thought, with more money than you imagined?" This is an interesting question to answer. For me, the answer is "Yes." I believe you want this in your life. This is possible for you to have this. All you have to do is doing the step I give you.
1. Recognize your finance condition. The first step must come from inside of you. You must look at the mirror and asking about your financial. "How is my financial condition right now?" "Do I have an income?" "Is my income is enough for my life expense?" You must start know this earlier before you go any further. Start calculating all income come from and all waiting list of your life expense. You usually use your salary only for paying all waiting list expense. Nothing left from the salary. Sometimes the worse things happen and you don't realize about it. You have plan first to use your money in the time before you get your salary. If you have realized about this, it will be a good start for you to go to the next step.
2. Revolutionize your thought about money. Your salary is not money to pay all your life and plan life expense. In this condition, you are working for the money. The money is the boss and you are only the employee. You must reverse this frame. Money must work for you because you are the boss. You make the rule so money cannot order you. This is a positive idea to make you more confident about your financial condition. All change and revolution in your financial must be start from now to get a moderate life and freedom in financial. This is not an easy thing to do. There are four things to keep in your mind to get this goal: - Consistent with your financial revolution process. Keep motivating yourself to change your life to be better because more prosperous your life, much more you can share to others. - Emphatic to yourself. Give yourself reward for good progress and punishment for any breaking rule you make. - Change your thought and affection with money by simplified your life, postpone your pleasure, not to be consumptive and not having a loan. - Change your money blue print. Never think negative about money. Never think money as encumbrance. Money can serve you as your servant.
3. Make plan and target for your retirement. After you pass your psychological process, now you are ready to have a plan for your future. For you who have steady salary, start managing your money. Cut all unnecessary need and start saving your money. For you who have a fluctuate salary, start keeping money when the time has come to get money. For you who do not have a salary, start getting money by finding a job or make your own business. Please keep in mind, not all business need a fund. Be creative, do not hang on money. Do not let money control you. I know that this will be a hard thing to do but you must do this first. After you accomplish your main needing for live, you must save the rest money. There is much more important thing to do with your money in future. There are some phases you will pass through based on your financial condition. - Protect Finance. A phase where you can cover your major minimum monthly expense like eat with your income. - Secure Finance. A phase where you can invest safely and the benefit can cover your major monthly expense without you work or not. - Vital Finance. A phase where you have many safe and health investment and the benefit can cover your Secure Finance extended secondary needs like children school, entertainment, etc without you work or not. - Independent Finance. A phase where you have many safe and health investment and the benefit can cover your all needed with your present life style without working. - Freedom Finance. A Phase where you have many safe and health investment. The benefit can be used to other healthy investment also cover all you need with the life style you want without working. In this phase, money working for you full time.
4. Find your own working system for your plan. When you start acting, you will finally find your own working financial system. Which one of the way is more effective? Which one between the choices is more profitable? How should I make other plan if one plan is not working? All the system will be created independently by process. You can make your system plan but as you start to act, the working system will be more clearly shaped.
5. Maintain your system and improve. After you find the working financial system to reach your goal, you must keep monitoring your system. You must watch the progress. Is it still on the correct road? It is important for you to always review your progress so you will certainly clear about your target.
6. Calculate your retirement time. I believe you can calculate at what time and what age you will retire and get unbelievable income for your whole life. In my opinion, there is nothing impossible for getting something you really want as long as you have a good dedication and respect to yourself.
Sunday, November 2, 2008
Retire Young
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