What does it take to retire? by Bill Roberts The Baby Boomer Retirement Planner
This is a question that many of us are asking ourselves.
In most cases, it will cost us more to live after we stop working than while we
are still working.
Why?
Why is this so? Because after you quit working everyday is Saturday. You
know what Saturdays are like, endless opportunities to spend.
Will your current retirement plan provide you with enough money every
month to cover ALL your living expenses? For more than 90% of us, the
answer is no. A resounding NO. If you tried liviing on your retirement funds,
you might be lucky to make it through two years.
The solutions are obvious: either work until you die or get more money.
If "get more money" is your choice, then you need to stop doing what you are
currently doing, because it hasn't worked.
Several years ago I found myself in this box. I was approaching "retirement
age" but there was no way I could retire.
Multiple Streams of Income
I happened across Robert Allen's book, Multiple Streams of Income. The idea
caught my attention. "I like that," I said to myself. "But what am I going to
do?" What multiple streams could I tap into? It would be great if I had a
million dollars invested in "Dividend Aristocrats." That stream, along with my
Social Security and a couple of other small investments just might see me
through. Alas, I didn't have the million to invest. Back to the drawiing board.
Just Maybe
Maybe I'll just keep working. After all, I am a real estate broker and that is a
job you can do until you die. Maybe I could come up with some income
strategies involving real estate other than rental housing. I didn't want to deal
with the "Terrible Ts" at my age.
I did come up with several strategies that involved real estate but allowed me
to by-pass the Tenants, Toilets, and Termites. Of all the strategies I came up
with, my "Who says money doesn't grow on trees?" is my favorite. The trees
can be grown to harvest a crop, for pulp or timber, or for ornamental uses.
Generally speaking, trees have been here since the beginning of time. They
take care of themselves. Sun and rain naturally occur. A few years and a little
bit of Forest Management goes a long way to assuring a profitable venture. I
like trees. You have to wait, but it is worth it.
My Trees
But I was still looking at Multiple Streams of Income, working from home,
and network marketing opportunities. I tried several and was bitterly
disappointed. Either in the "opportunity" or myself. What difference does it
make? It wasn't for me.
Then I found something that I did like. It reminded me of growing trees. And
in a few years I will have a good harvest. Like trees, it will continue to
produce for a long time, maybe forever. My retirement is assured.
I'm happy to share this with you. May you be blessed like I have been.
http://bit.ly/1bilsZH
Bill Roberts
Call me if you have any questions at 619-244-4610.
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