Old Man, Old House, Old Car; Is This Your Retirement Plan?

By: SK Wong
Submitted: 2007-01-17 16:17:13
Print this article | For publisher | Social Bookmarking
Rating:
 

Do you have a retirement plan? Most people do. And if you do, what is your Retirement Plan?

Few years a go, I was a member of a multinational MLM company and was one the many speakers in their regional convention. The guest speaker was a lady; an accountant by profession. Those two questions were her opening question to hundreds of members eagerly wanting to learn the secret of her success.

In a hall full of hundreds of motivated members, you can imagine what was the answer like for question one, it was a resounding YES, But no one dared to share their retirement plan to answer question two. What follow those two questions was quite amusing and entertaining but left majority of the members wondering for their next plan of action for their retirement.

So let me share with you what followed then; the speaker said "Everybody has a retirement plan, what is yours? Most people will have a so-called TYPICAL Retirement Plan. A typical retirement plan would be like the following and this plan includes those who do not have a retirement plan but have this by default;

Most people go to college and graduated with a degree, they then Look for a JOB; work 40 hours a week for twenty-five days a month, 12 months a years, Save some money, buy a car, get a date. After serious dating, they Get married; buy a house, work harder to meet the house mortgage, then they Have children, work even harder, the spouse may have to work to support their family; Raise their children to college and looking forward to RETIREMENT!

Sound familiar, this is a typical retirement plan, or is this YOUR retirement plan?"

If this is your retirement plan, just remember this, ten, twenty or thirty years from now, you will be an old man/woman living in an old house, driving an old car staying with an old woman/man.

Personally, I think there is nothing wrong with this plan and in fact was my initial retirement plan and most people would love to have such a plan, happy ever after retirement. The question here is, since you are reading this article, ask yourself,

IS THIS YOUR RETIREMENT PLAN?

Is this what you wanted in life?

Statistics had shown that majority of the people will spend all their saving or gratuity three to four years after their retirement. And many still have to work after retirement age just to get by for a living and cannot enjoy life. There is a vast different between need to work for a living and want to work for enriching life!

If you are stuck in this typical plan, don't worry, there is always an alternative to what you are planning right now. Jim Rohn; one of my favorite motivational speaker has this piece of advice on a seminar which I attended two months ago, he said,"Every one of us must learn to have a second skill in today competitive environment in order to survive and compete." At age 70 plus, Jim still travels around the world to share his fundamental philosophy in life, not because he needed to, but he enjoyed seeing people becoming successful and reap the fruit of a more meaningful life.

Is your plan going to enrich your life as well as the lives of others especially your loves one.

Most people go through life, working hard for a living and forget to have a life!

Starting today, why not transform your hobby, experience, knowledge or skill into an online business that might get your out from the rat race. There are countless of success stories that you can emulate on the Internet. You deserve a superior retirement plan than a typical one.

Get an alternative and gain your life back!

SK Wong is a Charter Marketer with a MBA in Finance providing Marketing and Risk Management training and services to his local business community. His online Business Resources for Soho and aspiring netrepreneurs can be view at http://www.clickabiznes.com

Article source: Expert Articles

Most Recent Articles in Personal Finance category

  • Planning for Retirement - By: Jewell Graves
    Are you retiring next year, within the next few years, a decade from now, or 30 years from now? Exactly when you plan on needing the money you have invested is a major factor of your investment strategy.
  • Tips And Options For Packing And Storage - By: Saith James
    It might be that you are concerned about your stuff. You need to pack and move it to a storage facility. Now you can say good bye to all your packing and moving concerns for you will find great tips here to guide you through this difficult process and make the experience fun and hassle free.
  • 10 Healthy habits of wealthy women - By: Melvin Bulan
    Many people have this misconception that those who are wealthy cannot have healthy habits. But it is not true. Often people feel that if you have money, you would have the habit of spending extravagantly and not saving even a single penny. However, it is not actually correct. One can stay wealthy and yet form this habit of saving which definitely a healthy habit.
  • Getting Your Finances Back on Track - By: Gregg Camp
    With so many people struggling to make ends meet in our current economic situation, it is more important than ever to take the time to inspect your finances to make sure that your money is being spent where it's needed.
  • Debt: Fifteen Amazingly Simple Ways To Reduce Debt - By: Margaret Rogers
    Do you find yourself in debt but not really conscious of how you got there or how you can get out of debt. We found ourselves in the same position and these are some of the steps we took to get back on the road to recovery. Here are some simple easily manageable ways to start the journey to financial freedom.
  • 7 Tips to Control Un-necessary Shopping - By: Melvin Bulan
    Recent studies have shown that almost 20 percent of the working people are in some kind of financial debt. The situation is very serious in the United States.
  • Getting the Best Home Mortgage Loan - By: Cristian Stan
    Any family would surely love to have a house which they can transform into a happy nest of a home later on. Aside from this want, a shelter that a home can give is the one of the first basic needs of man, according to Maslow's Hierarchy of needs.
  • Quick Cash from Payday Loans - By: Cristian Stan
    When you are in between big problems which seem like boulders trying to squish you, you must be working so hard to get out of these and get yourself out to safety. This situation may certainly happen when you are knee-deep in financial crisis yet you do not want other people to know about this.
  • Take Time for a Credit Self Check - By: Mark Zuckerberg
    Merchants, banks, employers, insurance companies: in today's economy, they're all busy reducing their risk. One way they do that is to run a credit check before lending you money, hiring you or even before selling you insurance for your car or your health. But while the institutions and companies are being pro-active in protecting themselves, you too can be pro-active by regularly performing credit checks on yourself. Just as breast self-exams are recommended for early detection of cancer, credit self-exams can discover threats to your credit in time to prevent serious problems.
  • Tips for What You Can Do to Regain Control of Your Debt - By: Mark Zuckerberg
    Debt counseling, debt management, debt settlement, bankruptcy—so many options, so little time. You don't know where to turn. What you do know is you need help. If you go to one of these companies, what will that do to your credit report? How much does it cost? Are you better off dealing with your creditors by yourself? As a board-certified consumer bankruptcy specialist in Indiana, I help clients find solutions. Sometimes bankruptcy is not the best choice in a given situation, so it's important for me to refer people to places they can get the help they need.