Tip! This is usually appropriate to those who start their retirement planning early, generally those who are 20 years old at the least.
As we edge closer to retirement age, it is perfectly natural for us to be apprehensive about our financial future once we no longer have a paycheck coming in. After all, a number of factors have caused the future to appear bleaker than in years past. Social Security and its ability to finance the retirement of the baby boomers is in serious doubt with just about all the experts concluding that the fund will go bankrupt in the coming decades
Today we will talk about the Nine Steps To Financial Freedom. What I will do is give a clear game plan from start to finish, that will help you get from where you are, to financial independence (if you are not already there). Here are the steps:
I. Vision
II. Spending Plan
III. Proper Life Insurance
IV. Emergency Fund
V. Debt Elimination
VI. Retirement Planning
VII. Children0s College Planning
VIII. Advanced Retirement Planning
IX. Mortgage Acceleration
With the exception of the first two steps, the point is not to be anal about them and say that you absolutely can0t begin one until the previous one is finished. This is a general order to follow. You should at least have a game plan to conquer each step before you move on to the next. Let us begin.
I. Vision
I0m sure that you have heard 0where there is no vision, the people will parish0. It0s funny, a lot of people spend a lot of money on financial advisors to help them, but the question is this. Help you do what?! In order to reach a goal you have to KNOW WHAT THE GOAL IS! So before you begin, ask yourself these two questions.
1. What do you plan to do when you retire? Do […]
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A spate of recent news coverage on brain fitness and “brain training” reflects a growing interest in natural, non-drug-based interventions to keep our brains sharp as we age. This interest is very timely, given the aging population, increasing Alzheimer’s rates, and soaring health care costs that place more emphasis than ever on prevention and changing lifestyle.This past Tuesday, the MIT Club of Northern California, the American Society on Aging, and SmartSilvers sponsored an event on The Emerging Brain Fitness Software Market: Building Better Brains to explore the realities and myths of this growing field. Before the panel, I had the chance to present an overview of the state of the Brain Fitness Software Market.Why are we talking about this field at all? Well, for one, an increasing number of companies are achieving significant commercial success in packaging “brain exercise”. An example is the line of Nintendo games, such as Brain Age and Brain Training, that have shipped over 15 million units worldwide despite limited scientific support, since 2005. What is less visible is that a number of companies and scientists are partnering to bring products to market with a more solid clinical validation. We estimate the US market was […]
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