Why do we realize the inclination towards Caribbean real estate listings? What is our conviction about Caribbean real estate listings?

We expect your patience to skim it in detail. Go through it and perceive it.

Retirement or Financial Freedom?

by: Rick Hoogendoorn & Cheri Crause, CFP

No doubts about the clarity of this stuff, still the persons are doubtful about its gains.

You can analyze the article in the best possible method. Explore it till the end to experience its creditability.

In the past most people never retired. They died. The average life expectancy was much less than it is these days, and there were no financial planners around to help people save up enough to quit work. As recently as the 1960 s, if you did manage to save up enough money to retire, you d be lucky to live another 5 or 6 years before you kicked the bucket. This made financial planning for retirement a little easier because you really only needed enough income for a few years.

Nowadays, if you retire, chances are you can live forever. Well, it can seem like forever especially if you haven t saved up enough money. It is a daunting task, attempting to set aside enough money to supply an income for 25 or 30 years, in the 15, 10 or 5 years you have before you retire. We say this because most people don t get really serious about their retirement planning until they hit 50 and realize they had wanted to quit work at 55!

This is the standard model that has been followed since we began living long enough to bother with retirement savings. You set aside enough cash to cover things off at some future distant time. You build the nest egg and then hope it lasts, and the financial planning community is right there to help you. And yet this is not how the most successful people in our community do things at all!

Still, most people are busily trading their time for their money. As an employee, you are limited by how much time you can actually devote to your job, and you are limited by how much time you want to devote to your job. Time you give to your workplace is time you don t get for yourself. It s similar for self-employed people such as our selves. The more successful we are as financial advisors, the more in demand we become, and the less time we have.

O.K. Do you think this report assisted you in remodeling your intellectual abilities of Caribbean real estate listings? I expect it did.

It could simply take few moments to explore the contents on real estate. We would provide you with resources at the end of this stuff.

Retirement looks pretty good when you re an employee, or a self-employed person. You ll have the money coming in, and the time for yourself. The problem is that it is an awful long way off. Is there another way?

The first time Rick read Rich Dad, Poor Dad , he just got irritated. After all, this was the book that pointed out how he was locked in the self-employed cycle where success leads to less free time. And he likes his free time. However, author Robert Kiyosaki also proposed an out . It s called passive income. Passive income is income you have coming in to the household that you don t really work for anymore. The key is that it is designed to happen in the near future instead of the distant future.

Since reading his books we have begun to change our financial plan. Instead of continuing to organize our finances around future income for a distant retirement , we are re-orienting things toward near-future passive income and financial freedom . We have been doing this by purchasing income-producing real estate and by looking to start internet businesses.

The success of our new passive income plan remains to be seen, but it is interesting to note how changing our end result from retirement to financial freedom has completely altered the path we re taking. These two goals are NOT the same. When you build a retirement nest egg you are looking to draw an income from it at some future time. When you are looking to attain financial freedom, you are looking to purchase or create assets which provide you with passive income right away.

Although this is a great write-up, I constantly get startled if it assists people in any way.

Don’t scare yourself by preconceived views. To analyze if the piece of information holds some importance for you, you may scan it till the final word.

Should everybody be changing their financial plan? Of course not. For one thing, many people hate the idea of being landlords, and many others don t have the stomach for business, let alone the technology business. Retirement planning is still needed. RRSP s, mutual funds, and other longer term savings programs still have their place. There will always be employees and self-employed people who rather like what they do and are quite okay working until their retirement age.

All the same, if you are wondering if there might be a better way to ensure your future financial wellbeing sooner , perhaps you should pick up a copy of Rich Dad, Poor Dad and get irritated. Either way, it will probably turn out better for you than it did in the past.

In the past most people never retired. They died.

I believe this ballyhoo helped you. We have not left any probability to delude you.

Technorati Tags: Caribbean, real estate market

This entry was posted on Monday, August 28th, 2006 at 9:45 pm and is filed under Rehabbed homes(t) . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.