Why you have to be Asset Rich

You can’t work your way to wealth

Despite the social mantra, you can’t work your way to wealth.

As long as you trade time for money, you’re part of a losing strategy and here is why.

Imagine starting your working life at the age of 20, and your first wage is worth $65,000.

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Why Cash Flow is King

How bad can it get?

The stats are pretty horrific. 88% of people do not invest, and on average 1 in 500 succeed financially. So when it comes to achieving financial independence why try? Why bother?

Never trying will guarantee failure, but any attempt to secure your future is better than nothing and even small victories count.

But the phrase of ‘cash flow is king’ is always true. I make it no secret that I am not a financial advisor—I’m an educator! But you don’t have to go too far to understand that cash flow is truly king.

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How long does it take to save for a holiday?

Is this what I’m writing about today?

Sure is! Somewhere we all have a guilty, selfish, perverse dream to take a holiday somewhere exotic. So how long does it take to save for a holiday? Before I move forward, this dream is not selfish, perverse or something you should feel guilty about. As you’ll see you’re going to deserve it more than you know.

Instead it is something that should be chased especially as a personal reward for years of services rendered at your job.

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What $150,000 Looks like for your independence

The gross value

Previously I asked the question of how much it takes to retire early. This same question also is how much it takes to become financially independent.

There were a range of answers all the way from a retirement pension that only provides $24,268.40 per year, through to a real case where the money target was $384,000 per year.

Using average figures along with a multiplier of 2.5 I rounded up to come up with a number of $150,000 per year net.

So what does $150,000 look like?

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How much do you need to retire early?

What is retirement?

When most people think of retirement the first thing people tend to think about is the freedom that comes with not having to go to work each and every day. Taking this further the vast majority of people ‘want’ to retire early, but very few dare to explore the options available to make the dream a reality, until time is heavily against them.

But retirement usually has a few common factors namely, having enough money available to support their quality of life without needing to work for more.

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