Tuesday, February 26, 2013

How to Get Rich - Plan To Retire Forever

Do you know how long the average human life span is ?

Do you think you can make a difference towards extending your life ?

Chances are you answered no and then maybe to the above !

Money and Time

Most people work and save their whole working lives hoping to some day retire and live the good life. The problem is how do they know how much to save and invest ? No one knows for sure how long their money must last after they can no longer work for it. This is one of the biggest challenges to retirement planning.

My solution is quite simple really. Plan to live forever. This makes retirement planning very simple.

Here is how it works. Keep saving and investing your money until the income from your investments is large enough for you to live on comfortably without working at all. Of course this means you will still need to make enough for your minimum ten percent savings, even throughout retirement. Without this, inflation will slowly eat into your income and your plan will collapse. Simple, right?

Health and Time  

The other problem with retirement planning is that we have no idea how long we will be alive on this planet after we can no longer work. With the advances in medical science, this could realistically be a very long time. Again, plan to live forever.

None of us want to spend any length of time as an invalid later in life. But in reality, it does happen. Is there anything we can do to better our odds of this happening to us? Yes, there is !

Start treating your body well today as if you will be living forever. By eating healthy, exercising and controlling your stress levels, you will be extending your chances of a longer and healthier life. After all, why bother becoming filthy rich if you don't have the time someday to enjoy it ? Why bother ?

What Now

Well,there you have it. My simple plan for a wonderful long retirement. You must now determine what you must do to realize your future dreams and goals. What can you do today to plan for living forever. Hey, you never know, this could be a reality when it is time for you to retire.

To sum it up, plan your finances to last forever. Start treating your body as if you will be living forever. You want to be able to enjoy a healthy and prosperous life for as long as you can. You do not want to spend forever in a care home ! What a thought !

As always, I welcome your comments and suggestions for future topics.

1 comment:

Thomas Watson said...

Getting started is the toughest part. I started by setting aside $50 a month to my ING account. It didn’t feel like much, but it was basically a night of going out to dinner and drinks, so it was easy to “find the money.”

As time passes and you get a better handle on things, that number will go up.