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In your heart, you know massive action is the cure-all.
effort with effective execution creates magic.
Step 3: Grace!
And the more you acknowledge and appreciate the grace that’s already in your life, the more you experience the gifts that are beyond what you’ve created.
I also know that gratitude connects you to grace, and when you’re grateful, there is no anger. When you are grateful, there is no fear.
are you ready to become the creator of your life, not just the manager ...
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Life is not a competition.
it doesn’t matter where we start. It’s how we finish that counts.
The only person you should try to be better than is the person you were yesterday. —ANONYMOUS
a Roth, your returns are 100% yours, meaning that if you’ve got a 7% return, you keep all 7%—no cut to the tax man ever on the growth of your investments.
Stronghold (www.StrongholdFinancial.com) has a technology platform to link all of your investment accounts.
What would your future look like if you could realize a 6% return on your investments? How about 7% or more? How much money would you have after 10 years? After 20? What if you somehow managed to hit the jackpot and found a way to generate gains of 9% or 10%? Remember, just one of the asset allocation portfolios you will learn in chapter 5.1, “Invincible, Unsinkable, Unconquerable: The All Seasons Strategy,” has produced an average rate of just under 10% over the last 33 years, and lost money only four times (and one of the losses was only 0.03%)!
Congratulations on running your first plan. Are you excited about the results? Concerned? Frustrated?
Those who started late and are fearful of never being able to make up for lost ground.
Angela, already 48, was only 14 years away from taking Social Security at a reduced rate and 17 years away from capturing her full benefit. She stood to take home $1,250 per month once she turned 62, or about $15,000 a year. So that $34,000 a year in income she needed for Financial Security suddenly dropped down to $19,000. Now when we reviewed the numbers in the app, she shaved a full decade off her timeline. Instead of getting to Financial Security at 72, she was going to get there at 62! Angela was going to be financially secure in 14 years, and she was thrilled. She now would have enough
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senior housing facilities are a way to own income-producing real estate that is also tied to what I call a “demographic inevitability”: a wave of 76 million baby boomers who are aging and will require the use of these facilities. By investing $438 per month (or $5,265 per year) for the next 20 years, and assuming that she reinvests the income for compound growth, she will have accumulated $228,572.
Remember, it’s not conditions but decisions that determine our lives.
Disappointment can drive us, or it can defeat us.
When you get around people who are playing the game of life at a higher level, you either get depressed, pissed off, or inspired.
Let’s be clear. It isn’t about the money. It’s about choice; about freedom. It’s about being able to live life on your terms, not anybody else’s. Don’t complain. Don’t say you can’t. Don’t make up a story. Instead, make a decision now! Find your gift and deliver it to as many people as possible.
“What you get will never make you happy; who you become will make you very happy or very sad.”
Most people overestimate what they can do in a year, and they massively underestimate what they can accomplish in a decade or two.
80% of your combined mortgage payments goes toward interest; or
30-year fixed-rate mortgage at 6%, fully 80% of your mortgage payments will go toward interest.
Interest payments will double the cost over time.
the average American, when you add in credit cards and auto loans, spends 34.5% of every take-home dollar on interest expense.
Money Power Principle 3. Cut your mortgage payments in half! The next time you write your monthly mortgage check, write a second check for the principal-only portion of next month’s payment.
“There are millions of people out there who faithfully make their regular mortgage payments because they don’t understand . . . the benefits of pocket-change prepayments.”
Hold yourself to this pay-it-forward strategy each month, and, again, you’ll be able to pay off a 30-year mortgage in just 15 years—cutting the total cost of your home by close to 50%. Why not prepay that $270, and cut the life of your mortgage in half? So if you have a million-dollar home, that’s a half million dollars back in your pocket! How much would that accelerate your journey to Financial Freedom?!
“I did it,” he said, “by going to a seminar by a man named Jim Rohn.” “What’s a seminar?” I asked. “It’s a place where a man takes ten or twenty years of his life and all he’s learned and he condenses it into a few hours so that you can compress years of learning into days,”
The key,” he said, “is to understand how to become more valuable in the marketplace. “To have more, you simply have to become more. “Don’t wish it was easier; wish you were better. “For things to change, you have to change. “For things to get better, you have to get better! “We get paid for bringing value to the marketplace. It takes time . . . but we don’t get paid for time, we get paid for value. America is unique. It’s a ladder to climb. It starts down here, at what?
“How do you truly become more valuable? Learn to work harder on yourself than you do on your job.
incomes have been stagnant since the 1990s.
During the Great Recession, 8.8 million jobs were lost.
to change, you have to change. For things to get better, you have to get better.”
