How to Ensure That You Retire Rich

Wouldn't you like to be one of those fortunate people who retire rich? If this is something you're even remotely interested in, then this might be one of the most important things you'll ever read.

Have you considered that your "money mindset" might be wired all wrong, and is why you can't get ahead? Check out "Total Money Magnetism" for a new method for success.

Realize That Time Is Against You

If you want to retire rich, the first thing to realize is that most people never get to do so. This means that you're going to have to do something different from the majority.

So what is the approach of the majority when it comes to building a comfortable retirement?

Well, most people simply assume that they have plenty of time to work out their retirement and that they will "cross that bridge when I come to it."

But the problem is that the more you assume that time is on your side, the faster it creeps up on you--until you realize that you're out of time.

This has never been truer than it is in the way that people approach their retirement.

So whether you are young or old, the first thing to do is to get your butt in gear and start building the wealth you need to retire in comfort.

This requires a sense of urgency and the realization that today is all you have.

Once you acknowledge this, you'll be amazed at what you can accomplish in the time that you have left--no matter how long that may be.

And here's what you need to start with:

Building Passive Cash Flow

Passive cash flow is the secret to creating wealth and being able to retire rich.

Why is this? Well, think about what you're actually going to need to do when you retire: have the money that you need to survive and have the time to enjoy your life.

Passive cash flow is the only thing that makes this possible because it empowers you to make money without having to trade time in order to do it.

How can you begin to build passive cash flow? First, you work on eliminating the things that are causing cash to flow out of your life: debt, car payments, house payments, etc.

Think about this: If you pay off your house in 15 years, that's pretty much the equivalent of building a stream of positive cash flow in the amount of your monthly mortgage.

This also frees up your income so that you can invest in things which will become sources of passive cash flow: rental properties, moneymaking websites, small business ventures ... even your own product line.

In case this last one sounds intimidating to you, it might interest you that Lillian Vernon started her company as nothing more than signature belts and handbags which she sold through a small ad in 17 Magazine.

From there, she built a multimillion-dollar company out of a single idea.

You'd be surprised at how little you have to earn from your passive income streams if you don't have a car payment or mortgage to worry about.

Also, the sooner you do this, the sooner you can move to the second step of retiring rich:

Building Wealth

There are two things which you need to do if you want to build solid wealth: make wise investments which shelter you from taxes, and protect that wealth through the legal tools available to you.

Can you guess what the most effective way is to accomplish both of these at once?

It's starting your own limited liability corporation and investing the money that you earn back into assets that will build the value of your company.

This allows you to invest money into your company which you can write off on your taxes.

This is money you are spending to create positive cash flow, which can then be invested into your company again and again--and if you want to retire rich you're going to have to invest anyway.

Why invest in someone else's company and help them when you could keep that money for yourself and use it to build your own wealth?

So now you know what to do. Just remember that time is against you and get to work as soon as possible.

Have you considered that your "money mindset" might be wired all wrong, and is why you can't get ahead? Check out "Total Money Magnetism" for a new method for success.

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