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5 Years From Retiring

By Margarita McDowell


How are you feeling being just 5 years from retirement? Are you smiling and looking forward to retirement living or are you frowning and worried about your retirement years.

For 95% of people (these statistics have been the same for 50 years +), their retirement funds are inadequate to carry on a decent life. Only 5 out of every 100 people have sufficient in their 401k retirement plans. There is a business model whereby you can increase your income in and around what you currently do. That's right you don't have to give up your job right now. But it's not an extra job. The main problem with a job is that it does not offer any leverage. You have to do all the heavy lifting while making somebody else rich. But not in this model. It's a level playing ground and the rules are set up so that you can earn whatever you want. In fact starting today from scratch you can end up earning more than the CEO. Now that doesn't happen in a traditional job or business. And you can do it along with your family. Check out the video at Your First View

Decrease Your Spending Pay cash not credit. Credit card debt is running away. It's way too easy to buy things on credit and pay off someday. Well someday never comes for most people and you are left paying for goods and services you probably never needed in the first place with a hefty 19% interest charge on top. Pay cash for what you really need.

Buy cheaper brands. If you need to save a few pennies, may be you need to shop for cheaper brands. Most supermarkets offer a generic home brand product in competition to the large multinational producers. In some cases they are on par but it's usually up to a bit of self-talk that the generic product is ok. But you will save money, at least on paper.

The other side to having an extra job is that it can play on your health. Working long hours under pressure, can lead to increased stress and less sleep. A lack of sleep can create a whole lot of health issues, including more sick days. Poor sleep and extra days off work because of illness can flag you with your main employer putting you in the spot light to be axed. Is the $4 -$8/hr you get working at Maccas until midnight really worth it?


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