You have probably subscribed to a retirement plan where a percentage of your salary is deducted by your employer and will be paid to you or your next of keen upon fulfilling certain conditions.
You may alternatively be a beneficiary of a government pension scheme through which you expect to earn some gratuity plus a monthly pay upon fulfilling certain conditions of retirement.
In the two above cases, the common condition to fulfill is a retirement age ranging between 55-60. You are either paid a lump sum plus interest in the case where you were saving off your salary or paid a monthly survival fee by government in the case of the later. Different country's have a variation in retirement plan.
The above two scenarios are advantageous in the sense that you are given a chance to either invest your lumpsum savings in the case of the former or be assured of earning some monthly income for life in the case of the later.
I find the option of a lumpsum payment attractive considering that it gives one a chance to invest in themselves and sometimes earn more than what they earned during employment. I have unfortunately seen many people loose all their savings because they either made bad business decisions or spent on non income generating activities due to luck of business experience.
What i find most uncomfortable is the pension scheme. I believe that one should enjoy the fruits of their productive years by retiring to a decent lifestyle of leisure plus a good health plan.
A retirement plan that appears to condemn a retired professional who put in 30-40 years of dedicated service to build their country to transit from a middle class to needy is in my view not fair.
My Father was a beneficiary of the pension system having served government as an engineer for all his 40 productive years. The job profile offered him lots of artificial benefits like a car and a government house that he did not find the need to buy his own when he was still productive.
By the time retirement came knocking, all he managed was to buy a small house from his gratuity payment but lacked the confidence nor experience of selling his services privately or create other sources of income. In short he lost his esteem and died from effects of depression.
The thought of falling victim to the same mistakes of my forefathers inspired me into researching and re-writing my definition of a retirement plan. I chose to focus my energy on creating assets that would pay for my lifestyle in retirement. I came to appreciate that my profession is a means but not the end.
I came to appreciate that the norm of working and earning from the same career under directions of another person for 30 years was never going to maintain my current lifestyle but make it worse.
I made a personal commitment to myself and set a 5 year plan to retire early, create investments that would pay and sustain my lifestyle in retirement, and most of all improve have quality time with my family.
December 2016 was my annual vacation and i happened to watch a recording featuring Oprah Winfrey Interviewing Robert Kiyosaki the GOD FATHER of Wealth creation and author of the book Rich Dad Poor Dad.
What i heard and learnt changed my life for the better because it introduced me to a thought process i never got opportunity to learn about in my decade of reading so hard to become an accomplished accountant.
I no longer have to worry about the possibility of getting condemned to a nursing home at my time of vulnerability or falling into depression due to loss of a job.
This site has been inspired by the practical business and life lessons i learnt from my mentor Mr. Robert Kiyosaki. He is a very successful business coach from whom i learnt about the best way to transit from being an employee to becoming a business owner/investor.
I will be sharing with you the practical tips and guidelines that i learnt from my mentor.
I believe that our experience together will help you create your own thought process on the quality of life you desire to retire to.
You will have an opportunity write your own retirement plan and one that will change the quality of your life and loved ones.
Download my free give away book here or from the yellow link at the right top of this page to get started on this exiting journey.
GET MY FREE BOOKS $ 97 Value
"Creating your semi-retirement can be the
best thing you ever do for yourself. Start by envisioning what you'd like your
life to be like, if you only had more time." Robert Clyatt,
"Maybe the word 'retirement' makes you think of old age, boredom and laziness, but I'd rather have you try think of it as freedom to do what you want, freedom to be as active as you'd like, and even freedom to work the job that you like - to be in a place where money doesn't dictate your choices." Rex Dalen,
"You know that retirement is coming. It isn't as though it just shows up one day and takes you by surprise, so you need to get ready for it." Batya Shevich, Warren Buffett:
"Make a plan of how your future is going to look like. Make a smart investment portfolio so that you won't have to worry about your retirement." John McQuilkin,
Today we are living longer and retiring earlier, allowing us twenty-five
or more years to pursue lifelong goals and passions. Rather than fading into
the sunset, we have time to rediscover our personal uniqueness, deepen
relationships, and question the mysteries of life. Douglas