My girlfriend phoned me up and invited me to a FREE dinner to come meet their new business partner and hear about retirement strategies. My thoughts were, I will go, it will be some pitch I won't be interested in... I will politely take some brochures, hang out, eat and continue with my life.
Well, ladies and gentlemen, the information blew me away. The gentleman that was speaking is like the Donald Trump of Finances. He was there to simply educate, not sell and convince. I have been in the industry long enough to smell that kind of thing from miles away. I walked away with a few resources to study. My journey to financial planning/taxes/tax-free retirement began. There is HUGE difference in just working hard and working HARD and SMART.
Another problem is that there are a lot of 'experts' who advise you to do the wrong thing. And how do you really know that they are giving you advise that is actually a sound advise for you, or just advise to put the most money in their bank account? I always approach any information given to me with that in mind. SO after lots of studying and research over the last 10 months, I am fired up to share a few important things that I believe everyone should be educated on.
There are some insane things going on around us... how about this: Since 1960, the U.S. national debt has grown from about $296 billion to over $16 trillion. It's hard to comprehend a trillion, but one was is this: A million seconds is about 11.5 days and a billion seconds is about 32 years; but a trillion seconds is about 32,000 years. (source: CNN.com Feb 4, 09). How long do you think U.S.
Government can continue with programs like Social Security? 401Ks are becoming 101Ks. Pensions are disappearing. Bottom line is this: if you don't plan for your golden ages, no one else will. 98% of the population at the point of retirement, retire depending on friends, family and the federal government. 2% are financially successful. We got to wake up our friends and family, and start planning!!!
Here is a must-read book: "Tax-Free Retirement" by Patrick Kelly. This book should be required reading for everyone. I opened the book and couldn't lay it down. It was so clear and concise.Seriously, how excited can you get about a book on retirement and financial planning? I am telling you, WOW!!! I am just thinking about the impact these concepts Patrick has brought to light will have on the thousands of people.I personally feel responsible to share it.
Let me share a true story from the 1968 Olympics. "A full hour after the winner of the Olympic marathon had crossed the finish line, Tanzania's John Stephen Akhwari limped across the finish line, injured from a fall early in the race. Asked why he didn't quit, he said, "My country didn't send me 7,000 miles to start the race. My country sent me here to finish the race." (Pastor Stuart Bond, Chapel Hill Presbyterian Church)
Just like that runner, I know all of us want to finish the race we started. Until last December, I had a very strong start to the race and realized I didn't have a financial plan to finish strong. This book will show you how to save a fortune in taxes when you get to that beautiful golden age! Let's finish this race and live those years in STYLE! God Bless!!!
Excellent insights, as always.
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