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The Power of the Network is the Network
Being a part of the CENTURY 21® Network gives each broker and agent access to a host of tools, tech resources, training, marketing materials, and…
The post The Power of the Network is the Network first appeared on Century 21®.
Free ADU home tour gives an inside look at living small in L.A.
Ever wondered what it’s like to live in a 400-square-foot garage conversion? Find out at this wide-ranging ADU tour in Los Angeles.
4 ways you can start a money savings challenge
Ready to see your savings grow? Here are four ideas to inspire your very own money savings challenge.
The post 4 ways you can start a money savings challenge appeared first on Discover Bank – Banking Topics Blog.
Financial freedom and the value of time
Note from J.D.
Last October, I had a chance to read an advance copy of Grant Sabatier’s new book, Financial Freedom, which was just released this morning. I liked it. I loved parts of it. In fact, the second chapter of Financial Freedom inspired my article about how time is more valuable than money.Today, I’m pleased to present a (heavily edited) excerpt from that second chapter. Here’s Sabatier on why time is more valuable than money — and why you can and should retire early. (Links and photos are from me. Everything else is from the book. Note, however, I’ve heavily edited this chapter in order to abridge it and to make it more readable in blog format.)
If some ninety-year-old rich dude offered you $100 million to trade places with him, would you do it? Of course not. Why? Because time is more valuable than money.
The average person has approximately 25,000 days to live in their adult life. If youâre reading this, you likely need to trade your time for money in order to live a life that is safe, healthy, and happy. But if you didnât have to work to make money, youâd be able to spend that time however you wanted.
No one cares about your time as much as you do. People will try to take your time and fill it up with meetings and calls and more meetings. But itâs your time. Your only time. Financial Freedom is designed to help you make the most of it. Make money buy time.
My goal is to help you retire as early as possible. When I say retire, I donât mean that you’ll never work again, only that youâll have enough money so that you never have to work again. This is complete financial freedom â the ability to do whatever you want with your time.
Traditional Retirement Advice Doesn’t Work
I donât ever plan to retire in the traditional sense of the word, but you could say that Iâm âretiredâ now because I have enough money and freedom to spend my time doing whatever I want. I no longer have to work for money, but I still enjoy making money, and itâs attached to many of the things I enjoy doing. I love working and challenging myself and hopefully always will, so checking out to a life of leisure just isnât my vibe.
If you want to âretireâ sooner rather than later, you need to rethink everything youâve been taught about retirement and probably most of what youâve been taught about money. As a society, we have collectively adopted one approach to retiring: get a job, set aside a certain portion of your income in a 401(k) or other retirement account, and in 40+ years youâll have enough money saved that you can stop working for good.
This approach is designed to get you to retire in your sixties or seventies, which explains why pretty much every advertisement about retirement shows silver-haired grandmas and grandpas (typically on a golf course or walking along the beach).
There are three major problems with this approach:
- It doesnât work for most people.
- You end up spending the most valuable years of your life working for money.
- Itâs not designed to help you âretireâ as quickly as possible.
The first major problem with traditional retirement advice is that even if you follow it perfectly (and most people usually donât), you still might not have enough to live on when you are in your sixties.
The popular advice to save 5% to 10% of your income isn’t enough. You should be saving as much money as early and often as you can. If you want to be sure you’ll be able to retire at 65, you need to start (and keep) saving at least 20% of your income from the age of 30.
Hereâs how big a difference it makes.
Boulder County, Colorado VA Home Loan Information
Table of Contents What is the VA Loan Limit? How to Apply for a VA Home Loan? What is the Median Home Price? What are the VA Appraisal Fees? Do I need Flood Insurance? How do I learn about Property Taxes? What is the Population? What are the major cities? About Boulder County Veteran Information […]
The post Boulder County, Colorado VA Home Loan Information appeared first on VA Home Loan Centers.
Can You Live in a Commercial Property or Office?
Whether youâve dreamed of living above your own shop or just want to cut costs, using commercial property as a residence can look like an attractive idea. But is living on commercial property legal? And if so, are there any costs or extra steps involved that are worth considering? In this article, weâll outline all… View Article
The post Can You Live in a Commercial Property or Office? first appeared on Total Mortgage.
$60 an Hour is How Much a Year as Annual Income
You’re probably wondering if I made $60 a year, how much do I truly make? What will that add up to over…
Read More… $60 an Hour is How Much a Year as Annual Income
Saying ‘I Do’ to a Tiny Grain Silo Home
“What can you live in and still have a sense of home?”
Probate: What It Is and How It Works
The last thing anyone wants to think about after a loved one passes away is probate, or the process of distributing the deceasedâs property. While probate isnât always complex, itâ¦