DO YOU HAVE CONTROL OF YOUR RETIREMENT?

March 27, 2007 at 7:41 pm (Ready Retirement)

Hey Guys

I think most of us think about retirement too late- or not at all. You might be still thinking that your children are the best retirement policy ever…wake up you’re wrong. You have to decide to take your retirement into your hands. I decided to prepare a simple yet important document on some basic things that you need to consider as you on the right path to retirement.

Firstly your retirement security can be broken down in the following:

1. Insurance
2. Health Security
3. Housing Security
4. Debt and Asset Management
5. Financial Portfolio

So whenever you think retirement, make sure the above factors are always considered. You should therefore be aiming at using the years before retirement to solidify them. Treat them individually, but always remember that they have a collective effect on your retirement security. (I will post blogs on each of these factors soon)

Basic steps towards establishing your retirement security:

1. Estimate roughly how much money you’ll need to live on in retirement.

2. Once you have an idea of how much you’ll need for retirement, calculate what will be available from sources other than your savings, e.g. pension.

3. Get out of debt. If you carry thousands of dollars of credit card balances and pay the minimum payments each month, your potential retirement savings is going directly to your credit card company in the form of interest. Paying only the minimum payment on credit cards is one of the worst financial mistakes you can make.

4. Please ensure that most of your money is not in the bank, you really don’t get any significant interest from banks. Here are accounts you should consider starting and CONSISTENTLY putting money towards:

• Mutual funds accounts. (SECURE)

• A retirement fund. You may also consider a golden harvest/egg account or a credit union account where you receive interest rates NO LESS THAN 11% (in JA).

• A high return investment such as bonds, stocks, and securities, foreign currency trade clubs (stay clear of High Yield Investment Programs). ONLY INVEST MONEY THAT YOU WON’T HAVE A HEADCHE LOOSING!
DON’T PUT YOUR EGGS IN ONE BASKET.

5. Always be on the look out for great investment opportunities. But always be cautious, and get as much information as possible.

6. Consider taking advantage of the Real Estate benefits.

• If you are not a homeowner utilize Low mortgage opportunities (For example; within the next two (2) years, the Jamaican government will be erecting a number of housing developments. The first of the series is the 46 house development in the Portmore vicinity. The Price is 3.8 Million with a little over $20,000 as mortgage payment per month. )

• If you already own your own home, you may want to consider purchasing and renting.

MORE PEOPLE ARE REACHING THEIR RETIREMNT GOALS IN THE 21ST CENTURY ONLY BECAUSE THEY GET UP EACH DAY AND INTENTIONALLY WORK AT IT. YOUR DECISIONS ARE THE ARCHITECTS OF YOUR DESTINY. DECIDE TO RETIRE RICH – YOU CAN DO IT!

MOREOVER, REMEMBER THAT EVEN AFTER YOU HAVE REACHED RETIREMENT AGE YOUR SAVINGS AND INVESTMENTS WILL CONTINUE TO GROW.

START NOW!!!
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Andre P. Llewellyn 2007 ©

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5 WAYS TO EXTRA CASH

March 12, 2007 at 3:05 pm (Residual Income)

IF YOU ARE ONE OF THOSE PERSONS WHO HAVE TO BE SEARCHING FOR COINS BETWEEN THE CUSHIONS OF THE COUCH AFTER YOU PAY YOUR BILLS, THEN THIS IS JUST FOR YOU!

Creating a stream of Residual Income might be something you want to take a look into and get some more information on. When you create residual income, you are taking a step towards making extra money in a manner that does not require constant effort. While with Linear income, what you earn is directly proportionate to the number of hours invested (your typical 9-5 work)

HERE ARE 5 PRACTICAL WAYS TO EARN RESIDUAL INCOME:

1. Join associate or affiliate network marketing programs. There are a number of affiliate programs in Jamaica you can join; Magic Phone, Avon, Melaleuca, GNLD, Herbal Life, and my personal favorite – ACHIEVERS UNION. When I joined achievers union I made $15,000 in the first week by just sending out one email to some friends and putting up 7 flyers one night. That’s literally all I did!

P.S. YOU ONLY PAY ONCE!!!! TO learn how you could make $10,000- $40,000 a month – Sign up for free here http://www.us2jm/wealthmax/information.htm

2. Produce printed copies of art work such as paintings, computer backgrounds and wall papers, etc and advertise on free advertising sites like http://jamaicabuyer.com or http://jamdeal.com

3. Collaborate with someone and publish literary work such as historical articles/manuals or poetry. It could be a one time work but it has the potential to earn you money constantly or at least for a season. This is how authors and artistes make money while they sleep.

4. Have YOUR GSAT, CXC lessons, presentations and/or lectures put on a CD and labeled for students or individuals to purchase. I know a few teachers and lecturers who have done this and have made extra money every semester or every time they make a presentation without even marketing the product. Just Print, Bind and Sell! Or Burn, Label and Sell, that’s it!!

5. Start a savings and/or investment program that pays you residual income in the form of interest or dividends. This could be stocks or bonds. You put money once and you can get up to 22% interest. The money works for you!!

That’s it! I know what just happened, a thought I am too familiar with just popped up in your head -“AH THAT’S TOO MUCH TO DO”. It’s the thought that will keep you from REALIZING what you are made of. Well you can submit to it, or LITERALLY box yourself hard, get up and determine to do something about your financial welfare. My aim is to show you that you can do it – you have to believe you can. I am doing it!
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Contact me at wealthmaxx@gmail.com if you require free resources, suggestions, or if you any have questions. You could also post them on this page under the comments section.

Andre P. Llewellyn 2007 ©

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