Receiving a secure retirement income for life is not a matter of luck, circumstances or fate. The power to achieve the life of your dreams is in your hands. The first step toward transforming your life to one of extraordinary proportions is by identifying the specific goals that will make your dreams a reality. After all, it is much easier to get what you want out of life if you know where you are going. And the two things you need most to get what you want out of life are solutions and direction. Solutions and direction are the two things that will help you achieve your goals.
Are you ready? Getting what you want out of life is not about intelligence or luck; it is about education. It is about mastering the skills and the mindset that separate the top 2% of America from the rest. The good news is that these skills can be learned.
The strategies described in my book provide real solutions that lead to specific, measurable outcomes. Can these income increasing and wealth building strategies really work for you? Absolutely. But the speed and magnitude is totally up to you. Once you learn about the skills and the mindset that separates the top 2% of America from the rest, you will be rewarded, perhaps with an immediate increase in your income or with an increase in the magnitude of your wealth.
Making the decision to change your “direction” is truly the best way to start your journey to success.
Let me give you an example of two people, each working for the same company and each earning the same annual income. Investor “A” relies on faulty “rules of thumb” to make his decisions. Investor “B” takes a realistic approach to creating personal wealth using a structured approach to decision-making that is resistant to the usual emotions that typically affect long-term investment success. Research conducted by Financial Research Corporation showed that most investors underperform the very funds they are invested in by 2.2%. For example, the average annual mutual fund return for the period from January 1990 to December 2000 was determined by the study to be 10.90%. The average annual investor return during the same period was 8.70%. Let’s assume that by relying on “faulty assumptions”, Investor “A” under performs the average annual mutual fund return as indicated by the study. An investment of $250,000 by Investor “A” growing at an average annual rate of 8.70% would be worth approximately $1,325,961 in 20 years (before taxes). Investor “B” makes his decisions using a proven investment process resistant to the usual emotions that typically affect long-term investment success. An investment of $250,000 by Investor “B” growing at an average rate of 10.90% during the same time period would be worth approximately $1,979,570 (before taxes) - a difference of $653,609. By using the proven investment process described in Chapter 4 of my book, Investor “B” has accumulated over $650,000 more than Investor “A”, providing him with a much higher retirement income.
By applying this one simple strategy, you will know that you are doing what you need to do in order to provide a financially secure future for you and your family no matter what happens. With the skills you learn in Securing a Retirement Income for Life, you can build more wealth no matter what the market is doing. How would you like to reduce the risk of your investing so you can relax while your portfolio grows? How would you like to consistently outperform the average investor and possibly become a millionaire or multimillionaire in less time than you ever imagined? The beauty of the strategies contained in this book is that they are not based on speculation. You are not trying to time the market. You are not trying to chase after the next hot tip or those investments that have been the most recent best performers. Instead, you should invest for the long-term. That's what America’s wealthiest investors do. The philosophy of my book allows you to avoid the costly mistakes most investors make saving you time and money. It virtually guarantees you greater investment success and greater wealth for your retirement.
Resources: For more information about developing a successful investment strategy, see Chapter 4 of my book Securing a Retirement Income for Life: Strategies for Managing, Protecting and Preserving Your Wealth.
Thursday
Increasing Your Retirement Income
Posted by Bill Griffith Jr CFP at 1:42 PM
Labels: building wealth, goals, retirement income, wealth building