Friday, June 10, 2005
First Lesson Of Quick Retirement Formula
Welcome to Lesson 1 of the "The Art of Achieving Financial Freedom" eCourse. This lesson is entitled, The Quick Retirement Formula.
The traditional approach to retirement planning is fatally flawed. The old work, save and invest for 40 years approach has never worked well for the masses. Now, some experts are predicting that many of us will have to work well into our seventies before we will be able to retire.
At the time of this latest edition of the "The Art of Achieving Financial Freedom" eCourse, I am 60 years old and my lovely wife, Linda and I have just celebrated our 37th wedding anniversary. A Chartered Financial Consultant by profession, I have spent almost thirty years consulting for some of the wealthiest men and women in America. And, I have also been blessed to own several multimillion dollar businesses.
And, for over 20 years now, I have also been able to do volunteer Christian stewardship counseling for couples whose marriages were being threatened by major financial problems.
My formal education is valuable, but the education I received from my real-life experiences is priceless. It was in my own family and my own businesses and in the homes and businesses of my clients and counselees that I learned the powerful truths about financial freedom.
The reason men and women struggle for 40 years to prepare for retirement is no one showed us that we could retire in less than half that time simply by correcting a few mistakes.
The "The Art of Achieving Financial Freedom" eCourse is instruction for a new way of living. It is an honest, fresh approach that produces the highest possible quality of life for today and for the future.
Before you embark on this educational adventure I believe you should know my purpose for writing "The Art of Achieving Financial Freedom". It is not to help you accumulate abundant riches. It is to help you live abundantly. Let me explain the difference.
The final value of our lives will not be measured by the price of our homes, or the things we can accumulate...it will be measured by how we use our time, money and God-given talents to help other people as we make our journey through life.
This course is intended to empower you to live a wonderful life of simple abundance with the time and money you need to also use your God-given talents to help others and to make the world a better place to live because you lived.
In this course you will learn my three-part "Quick Retirement Formula" that corrects the mistakes that prevent early retirement. This wonderful formula can help you to retire debt-free in years, instead of decades.
The formula for retiring quickly is Lifestyle Management plus Debt Elimination plus Passive Income Creation equals a quick retirement. Each Lesson in this course will show you how to apply one or more of the Parts of the formula.
Let's take a brief look at each part of the formula to see how all three parts work together so powerfully.
Part 1 - Lifestyle Management (LM).
Lifestyle Management (LM) is the effective use of the time and money that you already have in order to achieve early retirement and financial freedom.
Given the fact that time and money are the only two building blocks of financial freedom isn't it amazing that none of us were taught the importance of time and money or how to manage either one? This is a major failing of the educational systems of the world.
Time and money management are core principles for living and the lack of knowledge about both of these precious resources is the biggest reason poor financial health is at epidemic levels throughout the world. And, this lack of knowledge is also the biggest problem preventing early retirement.
I'll show you how to use your time to create the money you need and how to use your money to create all the time you need.
Part 2 - Debt Elimination (DE).
One way to retire faster is to reduce the amount of retirement income we need. Obviously the more passive income we need for retirement the longer it will take us to prepare for retirement.
Getting totally out of debt is the single biggest step we can take to reduce our retirement income need without reducing our lifestyle. Most people could live their same lifestyle on 40% to 60% less income, if they were debt-free. Clearly this can really speed up the retirement process.
In Lesson #7 you will learn how to use our "Debt Elimination Avalanche Method™" to payoff all your debts very fast, without paying a dime more than you already pay on debt payments. Most people can be totally debt-free, including a home mortgage in less than ten years.
Just eliminating a big portion of your monthly expenses can obviously make it easier to retire faster...you simply won't need as much retirement income to live at the same lifestyle. However, by getting out of debt as fast as possible you will also keep every dime of the interest that would have gone to your creditors. Now all that money is yours to use to prepare for early financial freedom.
Above and beyond the wisdom of living debt-free to accelerate your financial freedom date, I wish I could convey to you what an amazing boost to your quality of life you will receive from living debt-free. It provides an incredible sense of security and peace of mind, because you will have many more options to choose from as circumstances change. This gives you much more control over your life.
Part 3 - Passive Income Creation (PIC).
Passive Income is income that requires little or no work. There are two primary ways to create passive income for retirement. The first way is traditional investing and the second way is to invest in your own business.
I am a passionate promoter of small business ownership, because I believe it is by far the most powerful way to create passive income.
However, before I say more about business ownership let me make it clear that I do not mean that you should quit your job to start a business. That would be a huge mistake, and it is also unnecessary.
I believe virtually everyone should own a part-time home business. I even believe that owners of traditional businesses should also own a part-time home business because of the extra tax benefits and because of the natural synergy that can exist between the two.
I also believe owning a part-time home business produces better employees, because it gives them a deeper respect and appreciation for the free enterprise system. Better employees get paid better and therefore also have more money to use to achieve financial freedom sooner.
Choosing to invest in your own business provides the potential for three different ways to convert your business into the passive income you will need to retire. First, you could own a business that will require very little of your time once it is up and running. Second, you could sell it and invest the money from the sale to produce passive income. And, third, you could possibly hire a manager to run your company when you are ready to retire.
It doesn't matter whether you choose to get involved in a business or not...following the Quick Retirement Formula will lead you to financial freedom far faster than any other path.
In summary, if you will manage your lifestyle, get out of debt and focus on creating passive income you will be able to retire very quickly, if you choose. And, even if you don't choose to retire early, you can have a quality of life that is priceless for you and your family. You will also now be able to better help others who are less fortunate.
Let me share a few closing thoughts with you to close out Lesson 1. I have numerous wealthy clients who are NOT "Financially Free". They aren't even happy, because they are slaves to their money, their businesses or their investments, with almost no TIME to enjoy their life.
Financial Freedom provides both free-time and adequate money. And, it takes both to strike the right balance in your life. In this eCourse you learn how to have both.
Let's talk for a minute about retirement and the concept of financial freedom. What does it mean to be financially free? Well, it means different things to different people.
For me, financial freedom means being able to be gone for a few weeks or even months and then return to a stable business. It means being able to spend a lot of time with my family; to be heavily involved with my church; to devote time to my charitable interests and, yes, even to play a little golf now and then.
Retirement and Financial Freedom means I can spend as much or as little time with my business as I choose. Personally, I have no desire to just walk away and never work.
However, what is much more important is the meaning of financial freedom to you. Your retirement goals may differ significantly from mine.
You may have some very grand goals, such as world travel, mission work, finishing your college degree, etc. Or, you may simply want to relax and spend quality time with your family, friends and your hobbies.
My objective is to show you how to achieve financial freedom as quickly as humanly possible, without having to inherit a fortune, or win the lottery. What you do with your financial freedom will be up to you.... that is why it is called FREEDOM!
The very thought of "Financial Freedom" has near magical qualities. Those simple, but powerful two little words conjure up in our minds idyllic scenes of leisurely walks on the beaches of the world for some and exhilarating runs down the ski slopes of the world for others.
Make NO MISTAKE about it, only Lifestyle Management, Debt-Elimination and Passive Income Creation can provide the priceless luxury of "Financial Freedom" very early in life.
As I mentioned earlier in this lesson, I have known wealthy individuals who were miserable because they were slaves to their businesses or their investments and felt trapped and out of control.
In contrast, I have also known others with much less money, but they had so structured their lives that they had tremendous amounts of free time and the financial resources to take advantage of that free time. These rather rare individuals have achieved true "Financial Freedom".
Financial Freedom should be everyone's financial goal; not wealth. The pursuit of wealth is highly destructive. The vast majority of people who pursue wealth will fail and the choices they make in pursuit of those riches will rob them of the wonderful life they could have had.
Even for the few who chase after wealth and manage to achieve some high level of success, the price is frequently too high. It is common to read or hear about some super-achiever that is being recognized for some significant accomplishment, but their pursuit of wealth also produced two or three broken marriages and destroyed their relationships with their children.
The Quick Retirement Formula provides a real plan with real solutions for today's problems. That plan is a real roadmap that will take you to financial freedom.
As a side note, more people will end up wealthy by NOT pursuing wealth because they will simply make far wiser decisions. And, because they are not slaves to materialism they are the very people who will have the heart to share their abundance with others who are less fortunate.
My mission and heart's desire is to teach you and your family how to achieve financial freedom quickly, and with as much flexibility and control over your life as possible.
If you have children, you will soon be empowered with knowledge that can also help them avoid needless mistakes and possibly a lot of unnecessary heartache, so they can enjoy their lives to the fullest, too.
Well...Congratulations! you just completed Lesson 1 and you have officially begun a fun and exciting journey that leads to early retirement and "Financial Freedom".
In Lesson 2 you will discover why Lifestyle Management is Part 1 of the Quick Retirement Formula and how it will help you immensely.
The traditional approach to retirement planning is fatally flawed. The old work, save and invest for 40 years approach has never worked well for the masses. Now, some experts are predicting that many of us will have to work well into our seventies before we will be able to retire.
At the time of this latest edition of the "The Art of Achieving Financial Freedom" eCourse, I am 60 years old and my lovely wife, Linda and I have just celebrated our 37th wedding anniversary. A Chartered Financial Consultant by profession, I have spent almost thirty years consulting for some of the wealthiest men and women in America. And, I have also been blessed to own several multimillion dollar businesses.
And, for over 20 years now, I have also been able to do volunteer Christian stewardship counseling for couples whose marriages were being threatened by major financial problems.
My formal education is valuable, but the education I received from my real-life experiences is priceless. It was in my own family and my own businesses and in the homes and businesses of my clients and counselees that I learned the powerful truths about financial freedom.
The reason men and women struggle for 40 years to prepare for retirement is no one showed us that we could retire in less than half that time simply by correcting a few mistakes.
The "The Art of Achieving Financial Freedom" eCourse is instruction for a new way of living. It is an honest, fresh approach that produces the highest possible quality of life for today and for the future.
Before you embark on this educational adventure I believe you should know my purpose for writing "The Art of Achieving Financial Freedom". It is not to help you accumulate abundant riches. It is to help you live abundantly. Let me explain the difference.
The final value of our lives will not be measured by the price of our homes, or the things we can accumulate...it will be measured by how we use our time, money and God-given talents to help other people as we make our journey through life.
This course is intended to empower you to live a wonderful life of simple abundance with the time and money you need to also use your God-given talents to help others and to make the world a better place to live because you lived.
In this course you will learn my three-part "Quick Retirement Formula" that corrects the mistakes that prevent early retirement. This wonderful formula can help you to retire debt-free in years, instead of decades.
The formula for retiring quickly is Lifestyle Management plus Debt Elimination plus Passive Income Creation equals a quick retirement. Each Lesson in this course will show you how to apply one or more of the Parts of the formula.
Let's take a brief look at each part of the formula to see how all three parts work together so powerfully.
Part 1 - Lifestyle Management (LM).
Lifestyle Management (LM) is the effective use of the time and money that you already have in order to achieve early retirement and financial freedom.
Given the fact that time and money are the only two building blocks of financial freedom isn't it amazing that none of us were taught the importance of time and money or how to manage either one? This is a major failing of the educational systems of the world.
Time and money management are core principles for living and the lack of knowledge about both of these precious resources is the biggest reason poor financial health is at epidemic levels throughout the world. And, this lack of knowledge is also the biggest problem preventing early retirement.
I'll show you how to use your time to create the money you need and how to use your money to create all the time you need.
Part 2 - Debt Elimination (DE).
One way to retire faster is to reduce the amount of retirement income we need. Obviously the more passive income we need for retirement the longer it will take us to prepare for retirement.
Getting totally out of debt is the single biggest step we can take to reduce our retirement income need without reducing our lifestyle. Most people could live their same lifestyle on 40% to 60% less income, if they were debt-free. Clearly this can really speed up the retirement process.
In Lesson #7 you will learn how to use our "Debt Elimination Avalanche Method™" to payoff all your debts very fast, without paying a dime more than you already pay on debt payments. Most people can be totally debt-free, including a home mortgage in less than ten years.
Just eliminating a big portion of your monthly expenses can obviously make it easier to retire faster...you simply won't need as much retirement income to live at the same lifestyle. However, by getting out of debt as fast as possible you will also keep every dime of the interest that would have gone to your creditors. Now all that money is yours to use to prepare for early financial freedom.
Above and beyond the wisdom of living debt-free to accelerate your financial freedom date, I wish I could convey to you what an amazing boost to your quality of life you will receive from living debt-free. It provides an incredible sense of security and peace of mind, because you will have many more options to choose from as circumstances change. This gives you much more control over your life.
Part 3 - Passive Income Creation (PIC).
Passive Income is income that requires little or no work. There are two primary ways to create passive income for retirement. The first way is traditional investing and the second way is to invest in your own business.
I am a passionate promoter of small business ownership, because I believe it is by far the most powerful way to create passive income.
However, before I say more about business ownership let me make it clear that I do not mean that you should quit your job to start a business. That would be a huge mistake, and it is also unnecessary.
I believe virtually everyone should own a part-time home business. I even believe that owners of traditional businesses should also own a part-time home business because of the extra tax benefits and because of the natural synergy that can exist between the two.
I also believe owning a part-time home business produces better employees, because it gives them a deeper respect and appreciation for the free enterprise system. Better employees get paid better and therefore also have more money to use to achieve financial freedom sooner.
Choosing to invest in your own business provides the potential for three different ways to convert your business into the passive income you will need to retire. First, you could own a business that will require very little of your time once it is up and running. Second, you could sell it and invest the money from the sale to produce passive income. And, third, you could possibly hire a manager to run your company when you are ready to retire.
It doesn't matter whether you choose to get involved in a business or not...following the Quick Retirement Formula will lead you to financial freedom far faster than any other path.
In summary, if you will manage your lifestyle, get out of debt and focus on creating passive income you will be able to retire very quickly, if you choose. And, even if you don't choose to retire early, you can have a quality of life that is priceless for you and your family. You will also now be able to better help others who are less fortunate.
Let me share a few closing thoughts with you to close out Lesson 1. I have numerous wealthy clients who are NOT "Financially Free". They aren't even happy, because they are slaves to their money, their businesses or their investments, with almost no TIME to enjoy their life.
Financial Freedom provides both free-time and adequate money. And, it takes both to strike the right balance in your life. In this eCourse you learn how to have both.
Let's talk for a minute about retirement and the concept of financial freedom. What does it mean to be financially free? Well, it means different things to different people.
For me, financial freedom means being able to be gone for a few weeks or even months and then return to a stable business. It means being able to spend a lot of time with my family; to be heavily involved with my church; to devote time to my charitable interests and, yes, even to play a little golf now and then.
Retirement and Financial Freedom means I can spend as much or as little time with my business as I choose. Personally, I have no desire to just walk away and never work.
However, what is much more important is the meaning of financial freedom to you. Your retirement goals may differ significantly from mine.
You may have some very grand goals, such as world travel, mission work, finishing your college degree, etc. Or, you may simply want to relax and spend quality time with your family, friends and your hobbies.
My objective is to show you how to achieve financial freedom as quickly as humanly possible, without having to inherit a fortune, or win the lottery. What you do with your financial freedom will be up to you.... that is why it is called FREEDOM!
The very thought of "Financial Freedom" has near magical qualities. Those simple, but powerful two little words conjure up in our minds idyllic scenes of leisurely walks on the beaches of the world for some and exhilarating runs down the ski slopes of the world for others.
Make NO MISTAKE about it, only Lifestyle Management, Debt-Elimination and Passive Income Creation can provide the priceless luxury of "Financial Freedom" very early in life.
As I mentioned earlier in this lesson, I have known wealthy individuals who were miserable because they were slaves to their businesses or their investments and felt trapped and out of control.
In contrast, I have also known others with much less money, but they had so structured their lives that they had tremendous amounts of free time and the financial resources to take advantage of that free time. These rather rare individuals have achieved true "Financial Freedom".
Financial Freedom should be everyone's financial goal; not wealth. The pursuit of wealth is highly destructive. The vast majority of people who pursue wealth will fail and the choices they make in pursuit of those riches will rob them of the wonderful life they could have had.
Even for the few who chase after wealth and manage to achieve some high level of success, the price is frequently too high. It is common to read or hear about some super-achiever that is being recognized for some significant accomplishment, but their pursuit of wealth also produced two or three broken marriages and destroyed their relationships with their children.
The Quick Retirement Formula provides a real plan with real solutions for today's problems. That plan is a real roadmap that will take you to financial freedom.
As a side note, more people will end up wealthy by NOT pursuing wealth because they will simply make far wiser decisions. And, because they are not slaves to materialism they are the very people who will have the heart to share their abundance with others who are less fortunate.
My mission and heart's desire is to teach you and your family how to achieve financial freedom quickly, and with as much flexibility and control over your life as possible.
If you have children, you will soon be empowered with knowledge that can also help them avoid needless mistakes and possibly a lot of unnecessary heartache, so they can enjoy their lives to the fullest, too.
Well...Congratulations! you just completed Lesson 1 and you have officially begun a fun and exciting journey that leads to early retirement and "Financial Freedom".
In Lesson 2 you will discover why Lifestyle Management is Part 1 of the Quick Retirement Formula and how it will help you immensely.
# posted by letworkfromhome @ 6:54 AM 
