Retire On Time – Joe Roosevans

Retire On Time - Joe Roosevans A few weeks ago, I ran across a brief but fascinating article on Yahoo written by a contributing writer, Augustine St. Claire. The reason I am mentioning this article is that the title was very eye-catching and I wanted to know more. It was titled “I Had No Savings at 40, but I Retired by 60.� We cannot deny that a majority of the people in America these days as very few individuals or families are saving some extra money. We are a debtor’s society and we usually spend and do not save. Now, as some of the high points of the article are apparent that others are a little more drastic and not ones I would recommend. There are seven points of interest in the article and four I cover in my book, Retire Debt Free. I would recommend one thing to anyone this individual is now in. This is a good idea but may not be the right choice for everyone reading and the last is pure luck and not something that everyone can do or is something that is guaranteed.

Firstly, we would go over the four areas I really agree with this individual on and the ones covered in my book. The first step is to cut up the credit cards and cease getting further in debt. You would not be able to get out of debt and retire if you keep charging things on a credit card. Now that you have the first step

down and are not making any new debt, it is time to develop as well as follow a budget. If ever you are not aware where your money is going, you would not be able to find ways to save it. The third area I agree with this individual is you have to participate in your company’s 401(k) plan whenever it is available to you. This is very true if your company offers any matching of funds because you are giving away cash and in essence a guaranteed return. The fourth and last topic I agree with varies depending on where you are in your life and that is downsizing. If ever you are just starting and you are deep in debt, you may downsize in order to save money and assist yourself get out of debt; however, if you are retiring and no longer have children in your house, you can decide to sell your house and purchase something more practical for your retirement situation.

A point of this individual that I referred to as pure luck is that he married well.

We would all like this to happen but this point is one more of luck than skill. It does take a lot of planning to ensure you do marry the best possible person for you, but just as in life, there is nothing guaranteed here. Now the pair went and did something that does make the profit but is not something everyone is cut out to do or must do and that is buying rental property. Rental property may be very lucrative. On the other hand, it can also be very expensive to maintain. It is important to venture down this path with care if you decide that this is something you wish to do. And finally, one last point and one that I would recommend to anyone hire a competent financial advisor to assist you with your assets and reach your desired goals. Click to Joe Roosevans more information.