Retire Rich – The Biggest Reason You Will Not Retire Rich
Where do you see yourself when you reach retirement age? Will you be living in an ocean side villa or a tiny city apartment? Will you travel the world and visit distant relatives or will you spend your days cleaning offices to supplement your social security? The choice is yours.
Here’s the scoop on being able to retire rich.
Barring some windfall of money, your future is determined by the investing choices you make in the present. Pardon me for being direct, but my students will tell you that I’m very straightforward and will tell you what you need to know, not what you want to hear. So I’m telling you what you need to know right now.
The biggest reason you will not retire rich is because you choose not to do so by putting off investing. It’s that simple.
Now, you also need to know how to redirect your journey and get on the path to building your wealth and securing your retirement. Again, it’s not at all complicated. You must begin earning consistent, secure, and high rates of return by investing your money in proper investing options.
Don’t know how to begin? I’ve got that covered.
You must first start with what you have or what you can get your hands on. Build a cash reserve if you haven’t already done so and put that money into an investment that returns no less than 8% interest and preferably in those that earn 12 – 15% or higher. You must then roll your earned interest into your investment and absolutely maximize the power of compound interest.
And now you start investing – immediately.
I don’t care what advice you’ve heard. I don’t care what the current market is doing. I don’t even care if you’d had nothing but bad investing experiences in the past. None of those should be an excuse for jeopardizing your retirement.
There are virtually fool proof ways of investing money that are secure and produce high returns. You owe it to yourself to begin using them to grow your wealth and prepare for retirement.
Here’s one of them.
Did you know that you can lend money in the form of mortgages and secure your loan against the real estate? You don’t have to own a bank either. However, just like a bank, you’ll require the same security that they do. That security is in the form of a mortgage and promissory note. You’ll also require a few other specific documents as well.
Along with the security of your loan, you’ll also benefit from high rates of interest that you’ll charge your borrowers. Typically you can receive 8 – 15% interest on your loans. Your borrowers will almost always be real estate investors who buy properties for discounts and your loan will be more than sufficiently collateralized.
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