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The Average American works 40 hours a week, works for 40 years and tries to retire off of 40% of their retirement.
Okay so you might not have prepared your New Year’s Resolution yet or most people have actually given up on creating those for every new year. Well you don’t have to be so hard on yourself, but you must be obedient in making sure you reach goals that really matter.
So here are 7 tips to help you get ready for your New Year:
1. Don’t dwell on what you haven’t accomplished; think of what you have achieved and compliment yourself at least three times daily(starting now).
2. Think about what you want to accomplish in 2017 and write them down. Really. Make a list, store this list in a place where you can access or see it each day. More like rubbing it in your face until it gets done. That really works.
3. Don’t Just Do It – Make a not-to-do list of time-wasting activities and refer to it often at times. Everything that comes your way is not always a priority.
4. Take Care of Yourself – Commit to 10 minutes of some form of exercise everyday (jogging, jumping rope, salsa dancing, whatever). Meditate if you have to. Your body will thank you!
5. Learn to take 100% responsibility. If one team member takes 80 percent responsibility for their work, then you are taking 120 percent–their 100 percent share plus the 20 percent carries over to you.
6. There is strength in numbers. We all need a partner, collaborator or trusted assistant. List your top four weaknesses and consider whether this person has complimentary strengths.
7. Roll up those sleeves – Instead of just getting an earful of gossip or reports about a problem in your household, business or personal life, check on it firsthand today. Create your own problem-solving techniques by getting involved in the problem yourself.
HAPPY NEW YEARS!
Written by Rory Keith Douglas
Here’s an article on Millionaire Grant Cardone talking about 401(k)’s.
After graduating from college, Grant Cardone was broke and swimming in $40,000 of student debt, he writes in his new book, “Be Obsessed Or Be Average.” By 30, he’d made his first million. Since then, the 58-year-old has built five companies and a multi-million dollar fortune.
The self-made millionaire refuses to play by anyone else’s rules, particularly when it comes to saving money. “I would never, ever invest money in a 401(k),” Cardone tells CNBC. “Why would I go to work, have my employer give me another $6,000 a year, and then take that money and send it off to Wall Street, where I can’t even touch it for 30 years? I wouldn’t do that.”
The popular retirement plans are “traps that prevent people from ever having enough,” Cardone writes on his website. “The 401(k) is merely where you kiss your money away for 40 years hoping it grows up.”
Rather than focusing on saving, focus onearning — you can’t save your way to millionaire status, he says.
“Wall Street is telling you to invest little bits, early. They don’t believe in your ability to earn money,” Cardone tells CNBC. “People need to show the ability to produce more revenue — not invest it — first. People get rich because they produce revenue, not because they make little investments over time.”
And don’t just focus on earning — focus on earning big, says Cardone. “Keep stacking that paper until you have a hundred grand in the bank. I know this is very unrealistic for a lot of people, but the reason it’s unrealistic is because you’ve been conditioned to think small.”
Cardone is promoting saving the money you earn, but counter to most advice, he says to put the money in a good old-fashioned savings account — where your money is accessible at a moment’s notice — until you have at least $100,000. Then, you can start investing.
“Put your saved money into secured, sacred (untouchable) accounts,” he writes on Entrepreneur. “Never use these accounts for anything, not even an emergency. … To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.”
It’s important to note that the median retirement savings for all families in the U.S. is just $5,000, and the median for families with some savings is $60,000, according to the Economic Policy Institute (EPI). And many families have zero saved. Employer-sponsored retirement plans are meant to help address this and are a good option for many people. But of course, to Cardone’s point, they won’t help you get rich quickly or invest in opportunities today.
He’s not the only self-made millionaire to encourage this kind of thinking. After studying wealthy people for more than 25 years, self-made millionaire Steve Siebold found thatrich people set their expectations highand aren’t afraid to think big.
After all, as he writes in “How Rich People Think,” “No one would ever strike it rich and live their dreams without huge expectations.”
Written by Kathleen Elkins (CNBC)
The day of saving for college is over! Most people don’t plan to fail, they just fail to plan. In today’s society the bank is giving us virtually nothing, minus 1 %. Keep in mind inflation is about 4.5% so the moral of the story is you must have at least 5% or greater to get over this financial epidemic. You may ask yourself where can I get 5% or greater. I can answer that in one word: Insurance. There are so many tax benefits and compounding interest that is available through insurance that won’t affect FAFSA. Nor will it affect you getting scholarships and grants.
For more information feel free to contact me at email@example.com.