#3 Place the framework: Network with financially insightful, and financially secure individuals who will help guide you toward your retirement goals.


Many people worry about what others think. And when you operate like this, you’ve just given your power over to others. People frequently make major decisions about their own lives based on assumptions about what their friends or family might think. Unknowingly, they’ve appointed these people as the designated drivers of their lives. Have you ever been around people who have expectant, positive … [Read more...]

#2 Lay the foundation: Decide the expenditures you’re willing to eliminate in order to reach your retirement goals.


Reschedule your life to start doing the things that build your future. Stop making excuses and start making it happen. Yes, this is a lot easier said than done. It’s a huge mental transaction to move from chasing dreams to learning to make decisions based on facts. We get blinded into believing there are no alternatives. Take a step out of your life and look around. Is there really no one doing … [Read more...]

#1 Develop the blueprint: Determine your retirement goals and desires.


Be absolutely clear about what you want out of your life before you decide what you’re willing to put into it. Why is it so important? Because getting clear about your future creates focus, energy and passion. That creates purposeful living and becomes a compass that gives you your heading when you get lost in the fog of emotion. In any life endeavor, there are going to be moments when you … [Read more...]

Become an Investor


You start by saving, but true wealth creation is built through investing. A saver is someone who saves money regularly and does not want to risk it by investing. An investor is someone who has an expectation of return through appreciation in the capital value. Risk is not synonymous with gambling or get-rich-quick schemes; it can be calculated and modulated to methodically build investment … [Read more...]

Become a Saver


  You can start small, really small, but be consistent. You’ll be encouraged by how quickly your weekly or monthly contributions add up. Challenge yourself to increase the amount. Pay yourself a bonus. Saving that is automatic is a far more successful method than you hoping to have some money left over at the end of every month. You’ll soon forget that it’s even being deducted. Paying … [Read more...]

#9 Building Block – Know the right way to get your money out


Because of the tax implications and inflation, how and when you take money out of your plan could be more important than how you put it in. Learn the distribution rules, including any loan provisions. Learn liquidation strategies for your investments while they continue to grow, what to do when you change employers, and how to minimize the tax impact on distributions. … [Read more...]

#8 Building Block – Design and structure a well-balanced investment portfolio


Having  your own personal investment plan for accumulating capital will help you set reasonable goals and manage your expectations for reaching them. Plus, it will help you not panic because you “heard something” on the news, and stop you from defaulting to short-term moves, thereby, potentially missing out on gains that long-term investors enjoy with much less effort. … [Read more...]

#7 Building Block – Understand all your investment choices, so you can make selections that meet your own investment needs and goals


When you build an effectively diversified portfolio, you’ll need to combine funds for each asset class. Your plan is required to provide a prospectus for each of these choices. Familiarize yourself with what is available, then ask questions to be certain you’re getting the characteristics you require to meet your own risk/reward threshold. … [Read more...]

#6 Building Block – Six Principles of Successful Investing

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    Our six principles will give you the highest probability for success. These principles work together to smooth out the roller-coaster ride associated with good and bad markets. Learn more about them to produce steady results. 1. Dollar Cost Averaging 2. Diversification 3. Asset Allocation to Build a Portfolio 4. Asset-Class Investing 5. Time 6. Rebalancing … [Read more...]

#5 Building Block – Understand your asset classes


Asset class is a term frequently used, and as frequently misunderstood, in the investment world; but, asset classes are really nothing more than categories of various types of investments. Learn what they are and how they work together in “How to Build, Protect, and Maintain Your 401(k) Plan.” … [Read more...]