Where are all my hard earned retirement dollars going? My philosophy has always been to work hard, work as much and as often as possible and put money into retirement. I was raised by a hard working man who loved and took good care of my mother until the day he died. He taught me to respect my wife, always be thankful for everything she does for me, work hard to support her and build up a secure future so she does not have to struggle to make ends meet when I pass away.
It started back in 2004 and 2005 when there was a trend in the liberal government types about forcing banks to give mortgages to almost anybody needing a home. That is the craziest thing I have ever heard. How can the government force a bank to give a loan that they feel is too much of a risk? It is not their money! Well, that is what happened and the pressure was increased to approve loans to anybody who wants a home, even if they do not have a job!
Why do people believe everybody deserves a home? What about a lazy, no good wife beater who refuses to keep a job? Does he deserve to have a home, if he refuses to work and pay for it? My philosophy if everybody is free to work and earn enough money to buy any home they can afford. That is freedom.
I am watching my retirement I have been building all my life get smaller and smaller. I know the money went in and if it does not come back to me, where did it go? Somebody got all my money and your money! I had put money into my 401k just like everybody else had done, just like a good little sheep, but no more!
I say the hell with the system! I am tired of being just another sheep in the herd, being lead to the slaughter house. It is time for this sheep to take the momma sheep and our baby sheep and leave the herd. It is scary when you lose everything because of a few stupid shepherds with an agenda that makes them rich, by slaughter the sheep. Maybe all the sheep should leave the herd.
Here is my new retirement strategy I call it the "Self-Reliant Retirement Plan." And, the key is Self-Reliance. Do anything and everything to free yourself from being forced to put your money at risk. Provide for your family as much as possible.
If I had taken this philosophy back when I first entered the work force I would already be there. If I had put the money into being free all these years, instead of into mutual funds that can be taken away, my family would be much better off.
The Self-Reliant Retirement Plan: a) Make my home use as little electricity as possible and then produce my own electricity via solar and or wind. b) Develop a side income where I can generate income from my home and it has to be something my wife can help with and continue when I pass on. c) Reduce as much as possible or eliminate the use of gasoline. d) Plant fruit trees that produce fruit in my climate. e) Plant a large efficient vegetable garden. f) Raise chickens for eggs and meat. g) Put up our own preserves (Veggies, fruit etc.) to last through the winter. h) Get used to watching broadcast television and save the money wasted on satellite or cable. i) Brew my own beer and make my own wine, because 200 gallon a year per household is more than enough.
I do not want to pull out of society and I don't want some bank to ruin the future my family and I. I want to be able to take care of my family, just like my father taught me to.
Self Employed Retirement Plan
When retirement hit them, many find themselves in an awkward position as they do not have enough savings and their insurance are not adequate to cover their lifestyle that they want. Investing in stocks and property may or may not earned them the income that they need for retirement as it really depends on the market condition when you retired.
You could try your luck on buying lottery or on the gambling table but you should know that the odds are against you. That is how the lottery and gambling business operate and make money by engaging mathematical expert to design games that the probability are in favour of them.
What you should be seeking are money making opportunities that the probability are in your favour. One business you should consider and think about is building an online mlm business. First, remember that an online mlm business is not a get rich quick scam. It require mental hard work in the beginning as you need first to educate yourself on how stuff work on the internet.
You have to learn and gain knowledge in area such as:
- Creating and updating website.
- Optimizing your website with relevant keywords for free web traffics.
- Bid for targeted keywords using Google Adwords (http://adwords.google.com).
- Article marketing to drive free traffics to your business.
- Submit online press release etc.
That is why in any kind of offline or online business, it take both time and effort. However, the great thing about building an online mlm business is its leverage income. Leverage income means that you earn a lifetime commissions by grooming team leaders that were recruited by you. You guide and teach them to duplicate your success.
In the long-run, an online mlm business opportunity beats any other online opportunities due to its lifetime leverage income. Leverage income take into consideration that all human have a limited amount of time and money. Alone, we have limited amount of advertising budget. Alone, we can only managed a limited number of high traffics business website.
As humans, we need to sleep, rest and spend time with our family. Our time to run our business is also limited. There are no way a person can earn a five to six figure of consistent online income without any kind of team effort in the long-term.
Planning to make more money and living a comfortable life after retirement is definitely possible. Building a successful business is a slow process, however, the knowledge gain will become part of you. That is the real secret of wealth of the rich and wealthy.
Both Johnny Max & Arthur Wang are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Johnny Max has sinced written about articles on various topics from Food And Drink. Johnny Max hosts the Podcast BrewCrAzY, The Podcast for those of us Who Brew Our Own Damn BEER!. Johnny Max's top article generates over 880 views. to your Favourites.
