How will you fund your Retirement?

11 years ago

A good network marketing using the power of POD will be the best solution for a passive income according to my experience and understanding. People rely on that for an early retirement and I know many who achieved financial freedom and retired when they are as young as just 28! This is practically possible with such good company only; not all.

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trustedmarketer

11 years ago

Well done Ross! I was thinking about this recently. Just voted!

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CH Yeo 11 years ago

Besides fund, I reckon that to stay healthy is important, so that one can do something gainfully during retirement age.
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YourOnlyWriter

Banned 11 years ago

In my 20s, I've started to build my retirement fund through paper assets (mutual funds, equity funds and in the stock market). To me, investing (not trading) in the stock market is the best type of investment (although risky).

I didn't vote because it's not included in the poll.

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Beavis

11 years ago

A few apply, but I picked the most valued response.

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sree94

11 years ago

This is something I've been thinking about a lot lately

When I had a J.O.B. I used to have a certain amount withheld from my check every two weeks and didn't think much about it, but now that I am self-employed, I feel like I need to come up with some type of strategy

Obviously, I hope to be making money off web properties for the rest of my life, but you never know what the future holds

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Ross Petal

11 years ago

I understand you buddy.

Originally Posted by sree94

This is something I've been thinking about a lot lately

When I had a J.O.B. I used to have a certain amount withheld from my check every two weeks and didn't think much about it, but now that I am self-employed, I feel like I need to come up with some type of strategy

Obviously, I hope to be making money off web properties for the rest of my life, but you never know what the future holds

Thanks

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KenJ

11 years ago

Nice poll idea Ross.

I voted but I am already doing it. My pensions are OK but I like more.

KenJ

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Ross Petal 11 years ago

Thanks Ken. It's always good to plan ahead and make sure that we're all doing well financially and health wise during retirement.

Originally Posted by KenJ

Nice poll idea Ross.

I voted but I am already doing it. My pensions are OK but I like more.

KenJ
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pewpewpewmonkeys

11 years ago

Roth Roth Roth Roth.

I really wish I had understood sooner.

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jasondinner

11 years ago

I only could vote on one but I am and will be doing at least 4 or 5

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Ross Petal 11 years ago

Jason, your a wise man!

Originally Posted by jasondinner

I only could vote on one but I am and will be doing at least 4 or 5
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Adie

11 years ago

There is no retirement from IM..

My remittance for my SSS is already qualified for retirement..

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mrgoe

11 years ago

I`ll continue with my IM career, it`s not my job, it`s my hobby, and it`s bringing me money !

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MarketMaster13

11 years ago

For my case only my eyes going off can stop me from going on with my IM career.
so definitely my retirement isn't coming any soon since even when i will be at 70 will still work on my IM career.
Just voted
Thanks Ross

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kencalhn

11 years ago

i have no concept of the word "retirement".

I will work and add value to the world until the day I die.

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Steve B

11 years ago

Ross,

Great post and question. I am already retired from the corporate world but I choose to keep working on my own terms.

I began saving for retirement as soon as I finished grad school and was hired in my first full time job.

I also participate in a state retirement pension that I accumulated over my working career.

If I had to do it over again, the best advice I can give would be to:

Begin saving as early, as often, and as much as possible;
Live within your means;
Always pay yourself first - and if you can't do that you're not living within your means;
Begin a business online even if you have a regular job - this is an asset that can pay off both now and in the future;
Freely give to worthy causes - church, charities, helping others, etc

Don't focus on money. While it does fund the necessities, it is not the most important thing in your life. Your character, family, friends, health, and other things should never be relegated on your priority list to a spot below acquiring money.

The best to all of you,

Steve

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Ross Petal

11 years ago

Wow Steve! What wise words and well done for implementing those from an early age. Your the man!

Originally Posted by Steve B

Ross,

Great post and question. I am already retired from the corporate world but I choose to keep working on my own terms.

I began saving for retirement as soon as I finished grad school and was hired in my first full time job.

I also participate in a state retirement pension that I accumulated over my working career.

If I had to do it over again, the best advice I can give would be to:

Begin saving as early, as often, and as much as possible;
Live within your means;
Always pay yourself first - and if you can't do that you're not living within your means;
Begin a business online even if you have a regular job - this is an asset that can pay off both now and in the future;
Freely give to worthy causes - church, charities, helping others, etc

Don't focus on money. While it does fund the necessities, it is not the most important thing in your life. Your character, family, friends, health, and other things should never be relegated on your priority list to a spot below acquiring money.

The best to all of you,

Steve

Thanks

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derekwong28

11 years ago

I am taking a mulit-prong approach to this. I do have a pension plan which I will be eligible to withdraw when I am aged 60. I also have an unoccupied apartment that I can rent out any time. I am also investing in high yielding stocks and hope to live on the dividends.

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How will you fund your Retirement?

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