The headlines are beginning to appear in newspapers across the country!
December, 2013 the Courier Journal – “Workers face global calamity”. They go on to say that “Experts predict retirement crisis will last for decades.
Many people will be forced to work well past the traditional retirement age of 65.
Living standards will fall and poverty rates will rise for the elderly.”
The crisis is as a result of three major trends:
a), Governments are slashing retirement benefits and raising age limits for qualification.
b). Companies have eliminated traditional pensions plans which were a form of forced saving and paid guaranteed incomes and
c). Individuals continue to spend freely and have failed to save before the recession and saw much of their wealth disappear once it hit.
The bottom line is that the National Institute on Retirement Security estimates that Americans are at least $6.8 trillion short of what they need to have saved for a comfortable retirement. For those 55 to 64, the savings shortfall come to $113,000 per household.
As individuals, we cannot control national and international trends. We can however, control our own environment and destiny.
But it does require a change in MINDSET and that is to understand and utilize the difference in general knowledge and specialized knowledge! Napoleon Hill, in his book “Think and Grow Rich” talks about this in detail.
Most of us have accumulated general knowledge most of our lives in order to “get ahead”. The question we should consider asking ourselves is very simple: “If the future is as the past, are we going to be happy and living the life we dreamed of at our desired retirement or semi-retirement age?” If we have failed to get far enough ahead to lead that desired comfortable lifestyle in retirement, then we must be willing to change our Mindset.
If we have wasted our time to accumulate, then we must learn SPECIFIC KNOWLEDGE which we don’t currently know, about how to generate significant incomes streams to make up for the lost time.
There is a big difference in learning how to do a job or run a business and learning how to generate significant income streams! For many of us out there, that is the only option we have, outside of winning the lottery, of living that dream life in the future.
Until the last few years, in addition to other ventures, I spent many of the past 25 years in the financial services industry recruiting and training financial advisors. So, I can give plenty of great referrals for helping people invest the money they already have. Unfortunately, regardless of the fact that they are very intelligent people, I can’t think of a one of them who would know how to give the Specific Knowledge needed in order to generate a large income stream with no money to invest.
Our group has that specialized knowledge and I have now dedicated my life to sharing that which I have learned from my own experience and mentors over the years. Although most of us succumb to human nature and give in to our traditional mindsets, it is really quite a simple process.
My final question is this: “If money was no object, how would you be living your life?”
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If you have a sincere desire to take control of your financial future, please let us know.
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