RETIREMENT:  TO PREPARE OR NOT TO PREPARE

According to the Social Security Administration, if you randomly take 100 people at the start of their working careers and follow them for 40 years, at retirement age:

1 will be WEALTHY,

4 will be FINANCIALLY SECURE,

5 will continue working out of need,

36 will be dead,

 and

 54 will be DEAD BROKE...

depending on their Social Security checks family, and even charity.  The actions that we take today will determine how we live tomorrow. 

LEARN TO MAKE YOUR MONEY WORK FOR YOU.

HOW WILL YOU SPEND YOUR RETIREMENT?


www.amazon.com  Sick and Tired of Being Broke
Have Questions?  Contact Me: Lucille 843 757-4702

Retirement is for Old People.

    

     We will die young or eventually reach the age of retirement.  Young people believe that retirement is something that only happens to old people.  Guess what?  At the end of each day you are one day closer to "old age" and one day closer to reaching the age where people start to retire.


     No worries old age is for "old people."  No need to think about growing older or how you will eat, live or pay your way - those concerns are for "old people."   NO WORRIES - The money will come from somewhere!

The Reality

       According to the Social Security Administration, if you randomly take 100 people at the start of their working careers and follow them for 40 years, at retirement age:

1 will be wealthy,

  4 people will be financially secure,

 5 people will continue working out of need,

36 will be dead, and

 54 will be dead broke depending on their Social Security checks, family, and even charity.

   

         Because of a lack of knowledge and naïve assumptions, Social Security has unfortunately become the main source of income for almost 50% of retirees.  In reality, a monthly social security check will only replace about 40% of a worker’s earnings, and alone may not even provide a standard of living above the poverty line.  Nevertheless, according to the US Department of Health & Human Services, 96% of all Americans will retire financially dependent on the government, family or charity.  






     http://finance.yahoo.com/news/retired-and-broke--social-security-can-t-support-seniors-forever-212744627.html

Are You Preparing for Retirement?

                 



According to the Social Security Administration, if you randomly take 100 people at the start of their working careers and follow them for 40 years, at retirement age:

• 1 will be wealthy,

• 4 will be financially secure...

Lucille Tyler Baldwin
Money will not suddenly appear because we are older -

Do not wait until tomorrow - start preparing today. 

Get your copy of my new book "Sick and Tired of Being Broke"
Available at:  http://www.buybooksontheweb.com/

http://www.thejourneytowealth.blogspot.com/
to contact the author for questions, comments or to order signed copy: lucybaldwin27@yahoo.com

Do You Need Disability Insurance?

Are you the head of your household?  If you suffer an illness or accident that prevents you from working for a few months or years, would it put a strain on your ability to pay your bills?  How much money would you  need to handle your monthly expenses?

Life insurance is purchased to protect your loved ones from financial devastation in the event of your death.  In reality, you stand a better chance of losing time from work due to an illness or accident.  The loss of income can be draining, not only on your ability to run your household, but also to your family's sense of security.  There are two types of disability insurances: short-term and long-term.  For additional information get your copy of Sick and Tired of Being Broke.

Lucille Tyler Baldwin
author of "Sick and Tired of Being Broke"

A Real Ball and Chain: Debt

Debt creates a lack of freedom and you become chained to your creditors.  Every step that you take and every move that you make your debt is right behind you; growing!  Do you stay on the same road or do you make a detour and change your life?  If you are not living debt-free then join me on my journey to becoming debt-free and financially independent.  Create the life that you and your family deserve. 

Today is the day to start taking charge of your money.  Stop what you are doing and get a pen and paper, - now write down the life that you want/deserve.  What are the steps that "you" need to take to create that life?  What is preventing "you" from getting started? Yesterday is Gone;  Tomorrow is too Far Away;  - but -Today is a new Beginning!

No amount is to small; a penny, a nickel, a dime, a quarter, or a dollar.  The key is getting into the habit of saving and taking charge of your finances.  Remember it takes 21 times of doing something before it becomes a habit.

I Really Cannot Afford to Save Money! True or False?

     A young lady very dear to me is in a financial crunch. Yesterday she replaced all four tires on her car. The next day she received a letter from the finance department at her school, informing her that she needs to pay $4,000.00 before she can start her final semester of college. I will change her name to protect - “myself” I will call this young lady Joan Doe. Joan works and attends school full time, she lives with a family member and pays about $700.00 a month to maintain her bills.
     I suggested that she start an emergency fund for future car repairs and unexpected expenses that would surely pop up from time to time. Her response: “I really cannot afford to save money. I make just enough money to pay my monthly bills.”

Saving a Small Amount of $ Can/Will Add Up!

     The Reality: Joan does not realize how much money she spends on miscellaneous items each month. She goes out to dinner at least 3 nights a week with friends, and because of her busy life, she also hits the fast food drive thru about 3 to 4 times a week. Like most young people she enjoys shopping and her monthly or biweekly pedicure, etc.,. Joan like many of us unknowingly spends much more money than she realizes. Money that could benefit her in an emergency.

Understanding were your money is going will uncover your available wealth.  You Can Do It - Prepare for Unexpected Situations!

Lucille Tyler-Baldwin
author of  "Sick and Tired of Being Broke"