Finance

Financial Success and How To Achieve it Essay

The Financial Independence: Get an income for life

This article is designed to enable you to earn a lifelong income without ever having to work again. Real financial success and how to achieve it!

You have to tell me something: Have you ever had the truly humiliating experience of playing a video game against a child? Who always wins? The child, of course! But how does it do it? Is it smarter, faster, stronger?

And this is how it usually works: You visit your niece or nephew and she or he will say, “Come on, Uncle Tony, play with me!” You protest immediately, “No, I do not know this game. Are you playing? Come on, it’s easy! I’ll show you!”

Then a few evil creatures are shot down as soon as they appear on the screen. They are still resisting, so the child begins to plead: “Please, please, please, come on!

They love the kids, so give in. And then your niece or nephew pronounces the words that immediately tell you they’re delivered: “You start.

So decide to show what you have on it! And then? Womm ! Womm ! In 3.4 seconds you are dead. Headshot. Done.

Then the child takes over the wheel and suddenly it goes womm-womm-womm! The evil creatures are raining down from above and speeding from one corner to the other in super-speed. The child anticipates every movement in the mind and shoots it – about 45 minutes later you are on your second lap. Now you know and are ambitious. This time, you’ll last a full five seconds. And it’s the child’s turn for another 45 minutes.

Why do children always win? Do you have the better reflexes? Are you faster? No! You already know the game and have played it x times. You have one of the greatest secrets of wealth and success in life. And you can anticipate the events. Losers react, leaders anticipate.

Financial Success and How To Achieve it Essay

I am writing this article after examining the best 50 financial strategists who know the road ahead. That’s why I decided to write an essay on financial success and how to achieve it that will help you anticipate the challenges and issues of financial freedom. As Ray Dalio says: It is a jungle full of nasty surprises that can ruin you financially, and you need trustworthy guides to guide you safely through the thicket. I will develop a plan that will enable you to anticipate challenges, avoid unnecessary stress, and achieve your ideal financial goal.

The good news is that anyone can achieve financial success. Even if you start with the debt and without exaggeration – are stuck in a deep hole, with a little time, a steady focus and the right strategies, you can gain financial security or even independence in a few years.

Why achieving financial success seemed so easy in the past?

What has changed? And what do we have to do?

Everything that has to do with finance seems to be much more complicated today than it used to be. I am sure you wondered why it is so difficult to save and retire with a comfortable cushion at the peak of your age. We know that paid retirement in our society of course is a sacrosanct phase of life. But we must not forget that this is a relatively new concept that only two or three generations have really been able to use. People used to work until they could not. That was until they died.

The new reality

Married couples have 50 percent chance of having at least one partner turning 92, and 25 percent the chance of one to become 97.

Wow! We are rapidly approaching a life expectancy of 100 years.

And with a longer life expectancy, we expect a much longer retirement. 50 years ago, the average pension was 12 years. Someone who retires today at age 65 has a life expectancy of 85 years or more. That’s 20 years and more of pension payments. And that’s the average. Many will live longer and get a pension of 30 years!

All the breakthroughs we are experiencing in medical technology could extend your and your children’s lives for many years – maybe even decades. From stem cell technology to the 3D visualization of internal organs to cell regeneration, one technological revolution after another takes place.

In a recent study conducted by Mass Mutual, baby boomers were asked to name their biggest concern. What do you think was the answer? Death? Terrorism? Pestilence? No, Baby Boomer’s biggest concern was that they could live longer than their savings last. (The fear of death incidentally took a knocked-down second place.)

It is obvious that our retirement benefits will last for a much longer time, in the midst of a slow-growth economy where many are struggling to make good their losses from the financial crisis.

How did we respond to this increasing urgency? Many of us find the problem so painful and overwhelming that they simply fade it out, hoping it will disappear on its own. According to the Employee Benefit Research Institutes (EBRI), 48 percent of Americans have not even calculated what income gap they need to fill in their old age. Yes, 48 percent! That’s an impressive number: almost half of us have to take the first step to plan the financial future.

You have to make the most important financial decision of your life.

One second! That’s too good to be true, you think. And anything that sounds too good to be true is also untrue, right?

However, I’m sure you know that every rule has its exception. What would you say if I told you that there are now financial instruments that you can use to earn money in home markets as well as in bear markets?

20 years ago that would have been unimaginable for the individual investor. Investors who invested in these instruments in 2008 did not lose a penny. I have achieved this kind of security and freedom for me and my family. It is an incredible feeling to know that you will never run out of money. I want you to achieve that for yourself and your family too.

Would not it be great if you could open your e-mail at the end of each month and find a bank statement that would show a growing plus instead of a minus? Imagine, that would happen every month – a lifelong income. There is a way to get it.

It’s probably hard for you to imagine that private investors now have access to financial instruments that can provide you with:

  • 100% protection of the share capital, which means you can not lose your investment
  • The return you see on your account is directly related to the rise in the stock market index (for example, the S & P 500). When the stock market rises, you participate in the profits. But when the stock market falls, you lose nothing!
  • You also have the option of turning your account balance into a guaranteed income that you can never use up.

You can stop dreaming, here is the chance! This is one of the opportunities available to retail investors today. To be very clear, I do not mean to imply that you should stop working when you reach the traditional retirement age, even if you have a lifelong income. That does not have to be.

Research has shown that the more money you have, the more likely you are to keep working. The traditional goal has always been to be so rich at 40 that you can stop working. Today, the goal is to get rich and work until 90. Almost all people earning $ 750,000 a year or more say they would never retire, and if they did, then at the age of 70 at the earliest.

But what happens if you can not or do not want to work? The state pension alone will not provide you with a soft pillow. With an aging population, cash registers may soon be empty and pension insurance may no longer be what we know today. In 1950, 16.5 workers paid into the pension fund to finance a person’s pension. Today there are 2.9 contributors per pensioner. Does that sound like sustainability?

In an article titled “It’s a 401 (k) World,” Thomas Friedman, bestselling author and New York Times columnist, wrote: “If you’re self-motivated, wow, then this world is yours. There are no limits anymore. But if you are not a self-motivated person, then this world becomes a real challenge because the walls, ceilings and floors that once sheltered people have disappeared. There will be fewer restrictions, but fewer guarantees. Your concrete achievements will determine your concrete references much more. Simply sitting down at work will not be enough. “

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