Thursday, 22 October 2015

10 Steps To Retire with Millions

Everyone is waiting for a retirement and wants to achieve financial freedom. There are many ways and pathways to do it, thru business, stocks, mutual funds, real estate, career, lotto, etc. etc.

I would like to share 10 steps that could be helpful in your journey to retirement:

1. Set a Goal. I named my academy with PAM - meaning P-lanning, A- ctions and M-indset. We need to plan for our future which is our GOAL. The goal is to hit millions in our retirement account. I set a goal that at the age of 50, I will be sitting in front of my beach house, teaching and travelling around the world.

2. Start saving. If you don't have 6 months emergency fund on your bank account then start today even with a small amount. It will lessen your worry, if stormy weather comes.

3. Get aggressive in Investing. After saving for the storms. Start building asset that could give you good amount of cashflows. Invest in rental properties and equity markets but have proper knowledge in the field. https://www.airbnb.com/rooms/4001727

4. Build a leisure fund. Don't suppress yourself with luxuries, there are things that you would not be able to do once you retire due to age issues. Reward yourself once you achieved the first 3 steps.

5. Build passive income. Do a sidelines during weekends and free time. Sell muffins, do an online business, make your hobbies an income generating activity, create a blog and share your knowledge. I'm venturing on  another app development, after the success of recent project for stock market: https://play.google.com/store/apps/details?id=com.athanruiz.pam&hl=en

6. Watch your spending. Monitoring the cash inflows and outflows are part of your journey to retire with millions. Cut those unnecessary expenses and create a budgeting technique.
7. Monitor your portfolio. Properly monitor the return of  your investments. Ask yourself whether the investment is giving a return or not. Don't jump with those MLM's that are promising 100% returns, study first.

8. Max out your options. Save and invest at least 20% of your income. Protect yourself thru health and life insurance especially if you are the breadwinner of the family.

9. Start a business. Once you have enough capital and experience then start opening a business. Be an entrepreneur.

10. Patience is a virtue. Prayers are answered with Yes, No and WAIT. You might be tired but don't give up. There is always a light at the end of the tunnel. Don't be hook in"Get Rich Quick Schemes".

Let's retire together with millions in our portfolio.

Sincerely yours,

JONATHAN RUIZ
NEWBIE MENTOR
P.S. I will be holding an advanced courses on STOCK MARKET, REAL ESTATE, AND BLOGGING. few slots left, here is the link: http://pamrichfriends.com/3m-php-passive-income/

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