Tag Archives: retirement

Laptop + internet = automated business

Not long ago, if you wanted to build a physical products business
you’d have to:

  • build a warehouse,
  • hire warehousing staff,
  • pack and ship orders,
  • and manage inventory yourself.

Not any more.
Because of massive changes in technology and available resources, you
can now build an entire physical products EMPIRE with just a laptop
and an internet connection from anywhere in the world.

In fact, Matt Clark and Jason Katzenback, have built their own
physical products businesses while living in France, traveling through
Thailand, South America, Central America, and the Caribbean… all
while helping other people build THEIR own businesses.

They just released the second video of a brand new four-part series.
This new video shows you how to find suppliers from all over the world
that are waiting right now for you to contact them and do business
with them. And you’ll learn how you can AUTOMATE this entire business
using Amazon’s resources.

>>Click here to check this brand new video out now (before it’s too
late)

Make sure you’ve watched the first video too
and see what all the BUZZ is about….

Stay tuned for the next two videos releasing VERY soon.

Go well
www.flipping2retirement.net

 

Advertisements

Retirement: 5 tips on how to save $1 million

I am always open to thoughts on how to best use my savings to grow themselves and I’m sure you are the same so when I read & heard this

Retirement: 5 tips on how to save $1 million

I was all ears! We are all living longer but we still want to maintain our own personal standard of living, as well as being prepared for any future health care costs. This is how to be like a good scout and “Be Prepared”

Five tips for saving a cool million by the time you retire.

  1. Start early and take advantage of the power of compounding.
    It only makes sense too make use of free money
  2. Have a plan
    It really focuses you.
  3. Take advantage of your company-sponsored savings plan
    Again the free money advantage. Jeanne Thompson, vice president at Fidelity Investments, says: “90% of the Fidelity millionaires are taking advantage of the catch-up provisions and many are saving up to the maximum. “They are milking it for all it’s worth.””
  4. Use automatic deductions for all your savings.
    If you stick a certain amount on a regular stop order deduction you can’t be tempted to spend it 🙂
  5. The stock market is your friend. You won’t get there just on savings alone,” says Thompson. “It does take some market action.”

Check out the interview with Jeanne Thompson here 

Robert Kiyosaki has his own views and offers this guide to wealth

Lets get our savings growing.
Click here to see how I am growing my investments to reach a million  …

If you could eventually make $4,000 per month with a $300 investment, would that make financial sense to you?

Go well till the next time
www.flipping2retirement.net

 

Sources:

The Transition Into Retirement

Unfortunately the transition into retirement is not always as serene as many of us Boomers thought it would be

A report released by Ameriprise Financial on February 3, 2015 taken from 1000 Baby Boomers who have already retired unearthed some interesting findings:
Quoted from Huffington Post:

  • 47 percent felt ready to retire but had mixed emotions
  • 25 percent made the point that they felt stress after being retired for some time
  • 21 percent were uncertain or realized that they were not ready to retire after the fact
  • 22 percent said that they were spending more money in retirement than they had anticipated
  • 24 percent came to the realization that hey had underestimated their income needs
  • 28 percent reported that they were spending less money than they had anticipated
  • 16 percent were forced to retire by their employer, or were offered early retirement incentives or lost their full time jobs

The conclusions drawn by these statistics is that

  1. You need to be emotionally prepared for your retirement
  2. It is important to be in control of your retirement decisions
  3. You need to have adequate retirement income in place

Hopefully the above stats will urge the younger Boomers to take steps now and prepare for retirement.
Make that PLAN to hedge against anything the world might have hiding round the corner to throw at you!  I can promise you it suddenly appears as if out of the blue and if you haven’t invested smartly you could be one of those statistics.

Go well till the next time
www.flipping2retirement.net

Sources:

Our Food is changing shape

I have watched with fascination as the chefs on TV have brought the most strange food for us to eat…

Food that doesn’t look anything like in it’s raw state like the Magic mushroom starter Heston Blumenthal style
the first chef  to twist my foodie mind and included Exploding volcanoes!

Now if you have the inclination you can be like Blumenthal. Get yourself a 3D printer and print out a wide range of different foods,I have watched a face being printed on to a pizza and chocolate leaving a message on your plate

Now you can PancakeBot your pancakes!

This 3D printer moves, and works just like a normal printer, but instead of squirting out ink or some plastic substance, this one squirts pre-mixed pancake batter onto a hot skillet. You simply programme it by drawing out any shape you desire.

Check out the video below to see it in action, get inspired to design pancakes like never before eaten!!

What a great hobby to take up in retirement! Who knows you may even be able to turn it into  a fun way to make some extra income…

Go well and cook up a storm!
www.flipping2retirement.net

 

Sources:

Investing is a plan

 “Investing is a plan, not a product or procedure.”

My Financial education has been coming in drips and drabs all my life but the real kickstart only came five years ago with the awakening jolt of early retirement being thrust at us.

My husband and I were forced to look at our various pension plans and put together a detailed financial plan. That was a cold shower of note, the realisation that we really did not have the funds to retire yet! Does this ring any bells with you too?

What were we going to do about it? – A plan was needed but it had to be achievable/believable because in this position you can’t afford to not reach the goal.

Our plan formed itself into a

  • He’ll work for the cash
  • She’ll get educated on how to grow the money

My husband went back to work and I got financially educated and shared with him.
Robert Kiyosaki’s Rich Dad course was instrumental in helping me focus and untangle all the figures until I could understand what we had and what we needed to have. You might find that like myself you have left it a bit late, but rather late than never.

I also played Kiyosaki’s Cashflow game online. It was a fun and simple way to drum into my head where the priorities lay when trying to get out of the hamster wheel and head towards financial retirement freedom. It’s different for each of us but if you have a plan you are well on the way to getting there.

What have to learn and How to do it

  1. Determine Where You Are Today – you need an accurate picture of where you stand financially today so make your financial plan (Rich Dad has a great forms to help you)
  2. Set Your New Goals – Do you want to be Secure? Comfortable? Or Rich? No good just saying rich either you have to see what rich is to you and then decide if you are really prepared to work hard and smart enough to get there. Most of us just wish we were rich the effort to become rich we find is too far outside our comfort zone so we pass but tell ourselves all sorts of stories to make it acceptable to pass on doing the work. Identify your deep-seated reasons why you want to be rich then you have your own incentive; not something fluffy and nebulous.
  3. Take Control of Your Cash Flow – First look after your “disposable income” and make it a little less disposable by cutting out the unnecessary bling from your spending – Invest it instead. With a bit of education of the right sort you can learn to look after your own finances and, I must say it is very comforting, to realise that you can understand what to do and are not solely reliant on others informing you on investment performance once a year. Stock crash victims will know what I’m saying here.
  4. How Are You Going To Get There – Again this is dependant on your personal preferences set out in your plan (mine was property rather than the stock market) The idea is to convert your earned income into portfolio income or passive income as efficiently as possible.
    This will not only put your money to work for you but also increase the chances that your funds will grow.
  5. Become an Investor – You might find this idea scary and risky because your family and friends and maybe you have lost but how else does money grow? – Certainly not in the bank!
    Risk is in everything we do from crossing the road to driving a car but we learnt how to do both of those well enough to make the risk acceptable enough to enable us to cross roads and drive cars!
    All you have to do to lessen the investment risk is to get educated.
    Take your ‘financial investors licence’ then when you invest you can do it having analysed the market knowledgeably and continuing to watch it with your educated eyes and to know when to take any action. Become your own best asset, instead of your own liability. 

Kiyosaki says
Be prepared for anything. Don’t try to predict what will happen or when.
The Zen swordsman disciplines body and mind to counter any blow spontaneously. He does not anticipate the moves of an opponent, for that impedes his ability to react. Likewise professional investors know they cannot control the real estate or stock market, let alone the global economy. Instead, they train themselves to be financially intelligent, to think confidently and creatively when opportunities or problems arise.

“Skilled investors are in control of their investments; employees are under the control of their employers.”

Finally:
Learn to trust that, when a good deal presents itself, There is risk in every investment, but risk is a relative term. Since risk is often directly proportional to reward, anyone who hopes to become wealthy must be able to invest more aggressively than someone who’s content to be secure. The more financially educated you are, the less risk you’re taking.

Rich Dad Tip
“The reason most average investors lose money is because it is often easy to invest in an asset, but difficult to get out. Your exit strategy is often more important than your entry strategy.”

Invest away till the next time – go well
www.flipping2retirement.net

FIRECalc, A very different retirement calculator!

Most retirement calculators work with averages but I bumped into this very different calculator while researching the other day.

I’m not getting paid to tell you about this so don’t worry on that score. It is simple curiosity and fascination.

FIRECalc can tell you how much you need to insure that you won’t deplete your portfolio if things are as bad as 1973, or 1929, or any of many other years in the past that they draw on to make the calculation.
FIRECalc shows you the results of every starting point, since 1871 so you get a sense of just how safe or risky your retirement plan is, based on how it would have withstood every market condition we have ever faced. Kind of a retrospective look to work out the future but if you think about it it makes some sense.

In all things they tell you to look at history so as to learn from it and not make the mistakes of the past. This is exactly what this calculator is doing. It’s just not the same as the rest!

Seeing the results illustrated very well how my investments were likely to pan out regardless of what the future throws at me. It was rather reassuring. Why not give it a spin?

 

Go well till the next time
www.flipping2retirement.net

 

Source: