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Invest in a SURE THING
Successful retirement not to mention retirement planning takes more than advice and more than products. Successful retirement and retirement planning is a state of mind. How to create an atmosphere of shared goals about the future!
With the stock market so unpredictable these days, many people are taking big hits.
My parents are a prime example.
They spent over 3 decades carefully budgeting their money and putting some away each month into a retirement account. A couple of years ago, they could have lived a very comfortable life on the interest generated by their stock portfolio. But this year, when my father turned 65 and was ready to retire, the interest from their investments won't even cover their monthly mortgage payment.
Unfortunately, there are many people in the same predicament.
But, although recently the stock market has become more volatile, it has never been a "sure thing." Historically, if you can leave your money in a mutual fund for 10 years, it will gain in value. But, for short-term investing, there has always been a high element of risk.
Take my friend, George, for example.
For several years, he made a very comfortable living playing the stock market from home on his computer. In fact, 3 years ago, he made over $500,000 in a few short months! Wait...don't get envious yet. A couple of months later, he had lost it all AND over $150,000 more. But, the worst part is, since the loss occurred after the new year began, the IRS expected George to pay taxes on the half million he earned...and he couldn't report the loss until he filed his taxes a year later!
Now, I'm not saying the stock market is bad. In fact, I strongly believe in investing in the stock market...AFTER you have built a generous income and have EXTRA money to risk.
So, what can you invest in that is guaranteed to provide a good return for your money?
YOURSELF!
That's right. Invest in YOU.
Start a home business. Invest enough capital into it to allow it to grow. Invest enough of your own effort into it to make it turn a profit.
Right now -- with company layoffs, the DOW dropping every day, and corporations going bankrupt left and right -- you need to TAKE CONTROL.
The stock market is out of your control. However, building a successful home business is in YOUR control.
And, what's more exciting is...once you pass the learning curve on building your business, you will be able to earn MORE, FASTER from the same money when you invest it in your own business rather than investing it in someone else's business through the stock market.
Why?
Because YOU have control over the growth of that money! YOU are the boss, and YOUR efforts will determine the profit you make from your investment.
The same $100 you would have put into a mutual fund that, in a good economy, would provide you with an average 10-percent (or $10) return a year can provide you with a MINIMUM of a 10-percent (or $10) return a DAY once your business picks up momentum.
And, if you give it all you've got, you'll be investing in a "Sure Thing."
YOU are the best investment you can make...stop living in fear of having someone ELSE take everything away from you. By focusing on building a home business, you can take control over your financial future.
About the Author
Holly specializes in teaching others how to build multiple streams of income on the internet using automation. http://www.AbundantLivingOnline.com Subscribe to Holly's popular ezine: mailto:abundantlivingonline@igpronet.com Sign up for Holly's FREE wealth-building eCourse: mailto:SecretsReport@mailriches.com
By: Holly Cotter
Most people are not ready for retirement:
And I'm not just talking about the money side of the equation.
I am talking about having something constructive to do when you don't have to go to the office anymore.
We recommend that you establish a communication process guaranteed to uncover what's important to you and your family - when you have all that time you always wished you had. This is the first step in setting priorities and getting buy-in from everyone, which will help you start sooner rather than later to create a plan and then execute it!
As consultants, business coaches, and Certified conflict prevention and resolution professionals - with combined experience of over 100 years helping executives and business owners plan for their future - the one element, required before anything can move forward, is a spirit of cooperation.
That spirit is either a natural result of an atmosphere of shared goals about the future, or it one they have refined or learned from scratch.
Strategic Conversations is a process you can learn that will provide enhanced communications for life. Their free resources and accompanying free research report will help you establish the framework for determining, among other things, the right financial planning strategy for you right now!
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