Like most things in life, retirement is an over complicated subject.
That is, it’s over complicated by those who are looking to milk you of all the retirement funds you’ve spent years saving.
It’s in their best interest to keep you from retirement so you keep paying them to take guesses about your finances.
But it’s not as complicated as they make it seem. Using this SIMPLE equation, you can figure out exactly when you’ll retire…
What is retirement?
Well, simply put, it’s:
Covering your expenses without having to work.
And you’re about to figure that out in two simple steps:
1. Figure out your expenses
2. Acquire passive income streams to cover those expenses
Easy, right?
Let’s get started on those expenses. Before we dive in, I want to stress how important it is to be honest with yourself about the expenses you’ll have in the retirement you envision for yourself.
So, let’s begin…
Living expenses – will you be in the same house you live in now? Will you downsize? Planning on retiring to a cabin in the mountains?
Medical – this will vary a great deal from person to person, and I understand you can’t predict future medical issues but be honest with yourself and do a little research. Include health, dental, and eye care.
Travel – do you plan on spending $5,000 a year in retirement to travel the world? Or perhaps you’re happy to stay put, and can deduct certain expenses you have now, like commuting costs.
Food – this is a straightforward one. How much do you need to spend on food?
Auto and home – don’t forget to factor in repair and maintenance expenses. Even if they’re not needed, it’s better to have too much than too little in retirement.
Misc. – Maybe you plan on golfing every day once you retire. Or perhaps you want to start donating to charity more at the right time. Be sure to envision your retirement, and factor in ALL the costs pertaining to your future life.
Now, I know that isn’t the most fun thing in the world, but it’s necessary. Just as every marksman needs a target, every person working towards retirement needs to know their target number.
And if possible, narrow that number down until you know how much your expenses will be each month.
Once that’s complete, it’s time to move on to the fun stuff…
Your focus now should be on acquiring passive income streams that will cover those expenses.
Note the word “passive”. This means you don’t do anything for that money.
But where do you start?
First, take a deep breath. This is NOT as difficult as people would have you believe.
And you have options…
Investing
You’ve likely heard stories about retirees living off dividends, which is a possibility for you. Or perhaps you can cover a big chunk of your expenses with the premiums you receive through an options trading strategy. Our trading systems and services either show you how to do these things or do them for you!
Business
The Midas Royalty, Midas Circle, Encore Collagen Distributorship…these are just a few of our products that hand you or walk you through obtaining your very own income-generating business that you could do from anywhere. With the final step of hiring someone at a fraction of what the business is making to run it for you, you’ve turned it into passive income!
Real estate
With just one deal, I was able to make a quarter of a million dollars AND generate an income stream of $5,000 a month on autopilot. Talk about passive income…and this secret is all laid out in the One Deal to Freedom DVD set.
While I would suggest using all three options to obtain your passive income streams, it’s up to you. Maybe all you need is one.
The goal here is to simply cover your retirement expenses with income streams that you DO NOT have to go to work to receive over and over again.
Once your passive income matches your expenses…well, that’s the day YOU are going to retire…
And with our help, it could be a lot sooner than you think.
