By Mikael
This is the second post in the series of tips that can help you retire early or at least at age 55 (which is the age that most people are trying to retire at). If you missed the first post you can find it here: Retire at 55 – Tip #1 – Start NOW.
Now that you know that you need to start doing something I would like to give you an obvious but rarely used idea. Here it is:
Start making more money!
I know this sounds simple and that it makes total sense that you will be able to retire earlier if you make more money because if you make more money you are able to save more for retirement. But despite the fact that this is both simple and obvious most people don’t do it.
The reasons for this are many but bottom line is that they are all exc... Read more
By Mikael
I know that I am in the middle of the Retire at 55 Tips series, but I just want you to pay attention to a contest that was launched yesterday.
The contest is held by SEO Expert Nicolas Prudhon and is called Advanced SEO Mastery. Since this contest is very new and the actual Mastery course hasn’t been revealed yet I can’t tell you much about it.
What I can say though is that Nicolas definitely knows his stuff. If you want to know more about him be sure to check out this guest post he made on this blog: How SEO Helped Me Retire Rich Early
The reason I am writing this post is three-fold. The first reason is that I think that you should participate in the contest because I think it is going to be fairly easy to win and I know that the val... Read more
By Mikael
Now you know that I am a big fan of using leverage to increase my outcome but also because I like that things happen without me doing much (if anything) once things are set up.
Now I could use a lot of words to talk about what is important when you want to be successful online but instead I am going to use leverage in the form of directing you to a series of 5 videos that will explain some key elements that you MUST know.
The videos will take a total of 23 minutes and 1 second to watch. Be sure to watch them in the right order.
Video 1
Video 2
Video 3
Video 4
Video 5
To Your Success,
Mikael
... Read more
By Mikael
So here we are at the third tip in the series of how you can be able to retire at the age of 55 or sooner. In the previous two tips we talked about the importance of starting NOW and why it is important to start making more money.
Today I want to talk to you about why you should look at where your money is being spent and why you should cut back on the places that are not really necessary.
Now this is not another “frugality post” just like every other floating around the online world. I am not a fan of frugality because I think that teaching people to live below their means is not only stupid but also cruel. Why anyone would encourage people to be any less than they can be is beyond me!
However I do believe that there is a big differen... Read more
By Mikael
In today’s post I will give you the fourth tip to help you retire at 55 or younger and this tip will not only be able to help you with your retirement but can also make you wealthy if you use it right.
But before we dive into the post I would like to remind you to read or re-read the three previous posts:
Tip #1 – Start Now
Tip #2 – Make More Money
Tip #3 – Drop Excessive Spending
If you didn’t already know then let me quote Tony Robbins:
“Repetition is the mother of skill”
I don’t know if he is the original source of that quote but it’s still good advice
The Difference Between Investing and Spending
You can probably find a lot of different takes on this difference but here is mine:
“Spending Has The Intention... Read more
By Mikael
Sometimes I think that it isn’t that great at all that we have the Internet at our fingertips. The huge load of information has left more people paralyzed than you would imagine. I am a big fan of getting as much information as possible “out there” but I know the feeling of being overwhelmed and stuck all too well and it is a silent killer.
Now this is not just in the online world but rather ESPECIALLY in the online world. There are so many people struggling to make money online and the reason they are having a hard time is most of the times not a matter of missing information but rather an overload of information and missing action because of paralysis.
How many of you have asked yourself (and others) the question of “what niche sh... Read more
By Mikael
I’m sure you have heard that personal development is important and you might already be spending your time and money developing your personality and refining your philosophy so that you can become the kind of person you would like to become.
If you’re not already working on it I would like to recommend a place where you can start out for free.
My first encounter with the “world of personal development” was through the MLM Company I was working with at the time. The founder of the company was a long time friend of the great business philosopher and internationally renowned speaker Jim Rohn so naturally we were very lucky to get some extraordinary training sessions.
Ever since I was exposed to his audios, books and seminars I have bee... Read more
By Mikael
If you have been following this blog for even a little while you are probably aware that I think it is sad that most of our society knows very little about money and personal finances and because of this there are millions of people struggling to make ends meet. And I am only talking about the Western world here.
One of the reasons for this problem to even exist might be that very few of us have ever been taught anything about money beside that we should get a good education and go find a job so we can work for money. There is no Money101 class in the schools and only if you take special courses will you even know what debit, credit and a balance sheet is. How can we expect to know about something if it was never taught to us?
Then there is... Read more
By Mikael
Now this is the sixth tip I would like to give you that can help you make more money and be able to retire early and retire rich. If you haven’t read the five previous posts, be sure to go and check them out. You can find them here:
1. To Retire Rich You Must Start NOW
2. Why You Must Learn To Make More Money
3. Be Very Careful Of Over-Spending Habits
4. Learn To Invest Instead Of Wasting Money
5. Why Families Should Talk About Money Every Day
The best way to go through these posts is by starting at the top.
Improving Skills Require Education
I know from my own family and friends that the most common ways to make money is to go get a job, work hard and collect a paycheck. Often times the job they have comes from the education they chose... Read more
By Mikael
I will not take credit for this idea as I have learned it from Robert Kiyosaki (the author of the Rich Dad books) but the fact remains that it is very important that we realize that our homes, cars and all the other material stuff that we have bought are not assets. It is actually far worse because most of them are liabilities and we don’t even realize it.
Many of us have been told by our parents, bankers and the media that we should buy a house because it is an investment and a great asset. From an accountant’s point of view that might be true but the fact is that a house is nothing but a liability that is sucking on our paycheck every single month.
Does this mean that you shouldn’t buy a house? No of cause not because a house ha... Read more
Mikael Rieck is the author of more than hundred articles on topics of how to make money both online and offline. He has been online since 1999 and has always had a passion for money making opportunities and teaching others how to make a profit.