Early To Bed Early To Rise, Make Lots Of Money and Then Do Otherwise
Saving your way to success and conquering the skill of saving for retirement can be a team effort.
There is no magic to getting financially ready for retirement. We all wish we could save large amounts of money for retirement fast and easy or somehow find a genie in the Aladdin’s lamp to magically make it happen. But if that genie came up and we asked for a way to get ready financially for retirement, the answer would be short and to the point – “Start Saving!” and trust no one with your money hard lesson learned by many that lost all their life saving in the stock market.
Still for millions of us in the working world, it’s hard to save. You need every dime you have to pay the bills, get the kids through their dentist bills and clothes for school and have a little left over at the end of the month for matinee movie with small popcorn. So how can we ever find a way to put money back for retirement under these circumstances?
The key to savings is to take advantage of changes in your income to start a savings program. For example when you start a new income producing project or get a income increase before you get used to that increase paycheck, set up a direct deposit of a small amount of money into a tax deferred financial fund such as an IRA. The money goes straight in there and you never see it in your paycheck. The funny thing about how we all think is that you live up to the level of money you are getting. So if you never see that $50 or $100 increase paycheck, you will adjust your lifestyle accordingly and suddenly you have a program in place to save for retirement.
You can apply the same principle to payments you may have automatically deducted from your account. If you are paying for a car a van or you have a health club due taken directly out of your account, when those things come to an end, think about whether you want to see those direct withdrawals stop entirely. If you are not used to having that money in your budget, you may be able to have your bank direct deposit some or that entire amount directly into your retirement account.
Just think how great it would be if you could put a van or car payment each month into retirement savings. You would see a very significant amount of money build up in that account in no time. And when you start seeing the financial reports and bank statement start coming in from your bank or whoever is managing your retirement funds and you see it really start to build up, the vision of a secure retirement future for you and your spouse will begin to become a reality for you.
Another fun way to build up that retirement account is to make a project of it start using your imagination. You and your spouse could take on the challenge to do some form of extra contract work every month or so and put all of that money into your retirement fund. Maybe he can go out and sell products or a service to friends add more services or products to your existing clients. Maybe one of you could use artistic skills to make original art works and sell them at the local crafts fair or flea market on weekends.
There are lots of ways to add additional products or services to build up that fund. You can diversify and add more services or products at Christmas time. You can even find ways to make money on the Internet if you have technical skills. Tap into your hidden talents and skills wake up that hidden treasure within by offering it to your customers and the amazing thing is that it will be fun because this is not working extra time because you are in financial trouble. It is building for a secure retirement together and making it a challenge and a game is a way of putting your creativity into the process. You can do all things if you sit your mind to specific gold; it’s your future.
By John M. BetanCourt
www.realtimecustomers.com
www.freshxpros.com Cleaning professional at 1800.373.7491
There is no magic to getting financially ready for retirement. We all wish we could save large amounts of money for retirement fast and easy or somehow find a genie in the Aladdin’s lamp to magically make it happen. But if that genie came up and we asked for a way to get ready financially for retirement, the answer would be short and to the point – “Start Saving!” and trust no one with your money hard lesson learned by many that lost all their life saving in the stock market.
Still for millions of us in the working world, it’s hard to save. You need every dime you have to pay the bills, get the kids through their dentist bills and clothes for school and have a little left over at the end of the month for matinee movie with small popcorn. So how can we ever find a way to put money back for retirement under these circumstances?
The key to savings is to take advantage of changes in your income to start a savings program. For example when you start a new income producing project or get a income increase before you get used to that increase paycheck, set up a direct deposit of a small amount of money into a tax deferred financial fund such as an IRA. The money goes straight in there and you never see it in your paycheck. The funny thing about how we all think is that you live up to the level of money you are getting. So if you never see that $50 or $100 increase paycheck, you will adjust your lifestyle accordingly and suddenly you have a program in place to save for retirement.
You can apply the same principle to payments you may have automatically deducted from your account. If you are paying for a car a van or you have a health club due taken directly out of your account, when those things come to an end, think about whether you want to see those direct withdrawals stop entirely. If you are not used to having that money in your budget, you may be able to have your bank direct deposit some or that entire amount directly into your retirement account.
Just think how great it would be if you could put a van or car payment each month into retirement savings. You would see a very significant amount of money build up in that account in no time. And when you start seeing the financial reports and bank statement start coming in from your bank or whoever is managing your retirement funds and you see it really start to build up, the vision of a secure retirement future for you and your spouse will begin to become a reality for you.
Another fun way to build up that retirement account is to make a project of it start using your imagination. You and your spouse could take on the challenge to do some form of extra contract work every month or so and put all of that money into your retirement fund. Maybe he can go out and sell products or a service to friends add more services or products to your existing clients. Maybe one of you could use artistic skills to make original art works and sell them at the local crafts fair or flea market on weekends.
There are lots of ways to add additional products or services to build up that fund. You can diversify and add more services or products at Christmas time. You can even find ways to make money on the Internet if you have technical skills. Tap into your hidden talents and skills wake up that hidden treasure within by offering it to your customers and the amazing thing is that it will be fun because this is not working extra time because you are in financial trouble. It is building for a secure retirement together and making it a challenge and a game is a way of putting your creativity into the process. You can do all things if you sit your mind to specific gold; it’s your future.
By John M. BetanCourt
www.realtimecustomers.com
www.freshxpros.com Cleaning professional at 1800.373.7491
"Good judgment comes from experience, and a lot of that comes from bad judgment."
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