Retirement Can Be Scary Without a Nest Egg

My hubby and I were chatting today about the fact that by the time we decide to “retire”, there won’t be social security or social insurance to assist us. A Nest Egg will be a necessity!

Scary for so many people facing retirement that it’s forcing people to work many years past the typical age of 65.

I saw a lady greeting us in Wal-Mart today that had to be well into her 70s…

…Unless it’s something that’s fun, gets you out of the house or allows you to share Jesus with people, it’s sad that our seniors are having to work just to pay their bills and expenses.

How can you alleviate this issue? Well, of course, start early in your life setting some money aside each month.

Even if you save $50 and put it into an account that’s difficult for you to liquidate - like a long-term investment (not a 401k) - earning you about 6-7%, you’ll have over $1,000,000 by the time you retire at 65.

That’s amazing, isn’t it? Now, add on maybe a few real estate investments: Maybe you get a great owner finance deal from a desperate seller - easy to find nowadays - and rent that home out…let your tenants pay off that home for you…keep your eyes open to refinance at a low interest rate in the future…

Now, try doing that once per year or once every other year - you’ll be doing fabulously once those properties are all paid off, by your tenants - then, you can keep that monthly cashflow or sell them outright and cash in…

Retirement just got a little less scary, didn’t it?

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I hope you enjoyed these Retirement Planning on Your Retirement Today! Until next time…

Save That Money,

Kimberly Edwards