Creating Your Own Retirement Plan Plr Ebook

Table of Contents

1 A GOOD, SOLID PLAN 4
BE PATIENT 4
SET GOALS 4
PLAN PLAN PLAN 5
A WORD ON SOCIAL SECURITY 5

2 IT’S A MAD, MAD, MAD, MAD, MAD, MAD WORLD ECONOMY IN THE 21ST CENTURY 7
THE US ECONOMY 7
A RECESSION? 8
PROPERTY AND REAL ESTATE 9

3 A SAFE INVESTMENT: SAVINGS ACCOUNTS 10
THE BIG PROBLEM – INFLATION! 10
WHY BOTHER? 10
GOOD AND BAD USES OF CREDIT 11
CHOOSING A BANK 11

4 A PROFITABLE INVESTMENT: STOCKS AND BONDS, AND A WORD ON THE 401(K) 13
TRIED AND TRUSTED STOCKS 13
WHY BOTHER? 14
GETTING ADVICE AND INFORMATION 14
THE 401K 15
BONDS 15

5 A TANGIBLE INVESTMENT: HOMES AND PROPERTY 16
GOLDEN OPPORTUNITIES TO FIX UP PROPERTY 16
DO YOUR RESEARCH 17
DEALING WITH REAL ESTATE AGENTS 17
TIME TO SELL… 18

6 IT’S A DREAM HOME, NOT A DREAM TOMB 19
WHAT DO YOU WANT FROM A RETIREMENT HOME? 19
SAVE FOR THE RETIREMENT HOME 19
ALWAYS RESEARCH 20
STAY POSITIVE! 20

7 A PENNY SAVED IS… A PENNY SAVED! AND HEY, THAT’S A START! 22
HOW NOT TO USE A CREDIT CARD 22
SMART SHOPPING 23
COUPONS 24
GOOD OLD HOME COOKING CAN SAVE YOU MONEY… 24
DO IT YOURSELF 24
SET A BUDGET 25

8 SMALL BUSINESS FOR FUN AND PROFIT (THE KEY WORD BEING FUN) 26
DREAMS AND GOALS 26
GOALS AND PLANNING 27
LOANS AND GRANTS 27

9 VACATIONS AND HOBBIES AND PERSONAL GOALS 28
TAKE A VACATION 28
STAY IN SHAPE 28
HOBBIES AND WHIMS 29

10 THE FIRST DAY OF THE REST OF YOUR LIFE, NOT THE BEGINNING OF THE END! 30

IN CONCLUSION 32

Sample Content Preview

1
A GOOD, SOLID PLAN

It goes without saying that unless you’re a wealthy heir to a vast fortune, a million dollar movie mogul, or you found oil in your backyard, you’re going to need to come up with a solid, but flexible retirement plan. It also goes without saying that the times are changing, and yesterday’s safe investment might quickly become tomorrow’s pipe dream.

If you’ve never really thought about it before, the task may seem pretty daunting, especially in today’s fragile world economy. Even if you have decades ahead of you before you reach retirement age, you may just look at the math and think it simply doesn’t add up to ever being able to put enough money aside to live out your golden years in some degree of comfort. Don’t get intimidated. You don’t need to be a financial genius or incredibly lucky to come up with something that works. All you need is to be willing to take the time to do some research, and willing to put enough money aside to put towards a safe, long term investments that will eventually snowball into a decent retirement fund when the time comes.

BE PATIENT

All it really takes to find a good investment is patience. Allowing your investments to build up slowly, and to reinvest the growth is key. Nobody can guarantee that their company is the next Microsoft, and there’s no such thing as a get rich quick scheme. This is all something you probably know if you’re responsible enough to at least think about considering retiring, so maybe we’re beating a dead horse, but it stands to be said, nonetheless. There’s no reliable path towards making your retirement fund in just a few years, so the earlier you start investing into your plan, the better.