The status quo tells us to work and save for 40 years, then retire. It’s what our parents did and perhaps their parents did before them.
Infact, Retirement is a point in time when you have sufficient cash flow from your assets to support your lifestyle. In other words, you have assets producing income that can replace your need to produce income through a job.
This can happen at 35 as easily as it can happen at 65. It is just a matter of planning and doing what it takes to make it happen.
The age of when this happens is not important. Rather, it is a matter of how quickly you can reach this point.
It is about giving yourself enough time to get your income assets developed and producing the level income you need.
If you are 35 and want to retire when you’re 45, well…that is going to take commitment and doing things differently than what many people are doing. This could be 10 years or it could be 20 years, but I can say one thing for sure, it is not going to happen by putting 5% of your income into a 401k.
The truth of the matter is, the wealthy already understand this principle and they focus on creating assets that produce income. This allows them to retire at an earlier age, which enables them to work on wealth creation opportunities, or other interests they have for themself.
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Questions, comments, or concerns? We’d love to hear from you! Send an email to staff@winninginwealth.org or book a call at Shateka.com.
@shatekahusser and download your retirement planning workbook so you can begin TAKING ACTION toward your retirement.
