Comments on: Retire at 55 – Tip #1 – Start NOW http://retirerichroadmap.com/blog/retire-at-55-tip-1/ Helping You Retire Rich & Retire Early Thu, 27 Oct 2011 06:40:35 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Ion http://retirerichroadmap.com/blog/retire-at-55-tip-1/comment-page-1/#comment-1514 Ion Sun, 09 Aug 2009 18:01:18 +0000 http://retirerichroadmap.com/blog/?p=573#comment-1514 After this article I have read the second article and I found the answer to my question there:) After this article I have read the second article and I found the answer to my question there:)

]]> By: Mikael http://retirerichroadmap.com/blog/retire-at-55-tip-1/comment-page-1/#comment-1513 Mikael Sun, 09 Aug 2009 17:47:00 +0000 http://retirerichroadmap.com/blog/?p=573#comment-1513 Hi Ion, Great question. Not I don't think saving is the best way but I believe it is the way that most people can relate to. However the point about "starting now" doesn't just relate to savings. It relates to everything, including starting a business. All the way through life we're going to make mistakes and learn what to do and what not to do and the sooner we start they more likely we'll be to reach the goal we have set up for ourselves. If you look at my second tip I talk about the importance of making more money ;) Hi Ion,

Great question.

Not I don’t think saving is the best way but I believe it is the way that most people can relate to.

However the point about “starting now” doesn’t just relate to savings. It relates to everything, including starting a business. All the way through life we’re going to make mistakes and learn what to do and what not to do and the sooner we start they more likely we’ll be to reach the goal we have set up for ourselves.

If you look at my second tip I talk about the importance of making more money ;)

]]> By: Ion http://retirerichroadmap.com/blog/retire-at-55-tip-1/comment-page-1/#comment-1505 Ion Sun, 09 Aug 2009 11:38:42 +0000 http://retirerichroadmap.com/blog/?p=573#comment-1505 Hi Mikael, Do you consider that monthly savings starting from a young age the most perfect way to retire? Why didn't you talk about profits from business activity, which we all know brings much more profits in less time? Did you skip it because not everyone will have the possibility to have it's own business? Thanks, Ion Hi Mikael,

Do you consider that monthly savings starting from a young age the most perfect way to retire?
Why didn’t you talk about profits from business activity, which we all know brings much more profits in less time?
Did you skip it because not everyone will have the possibility to have it’s own business?

Thanks,
Ion

]]> By: Mikael http://retirerichroadmap.com/blog/retire-at-55-tip-1/comment-page-1/#comment-1389 Mikael Mon, 03 Aug 2009 15:43:36 +0000 http://retirerichroadmap.com/blog/?p=573#comment-1389 Hi Thomas, That is a very valid problem and something that I know a lot of people are struggling with. I've been there as well and I'll even have to admit that I still fall into that trap from time to time. I have actually written a post about the topic of <a href="http://retirerichroadmap.com/blog/keep-focus/" rel="nofollow">keeping focus</a> and why it is very important if you want to retire early and/or rich. Mikael Hi Thomas,

That is a very valid problem and something that I know a lot of people are struggling with. I’ve been there as well and I’ll even have to admit that I still fall into that trap from time to time.

I have actually written a post about the topic of keeping focus and why it is very important if you want to retire early and/or rich.

Mikael

]]> By: Thomas Pedersen http://retirerichroadmap.com/blog/retire-at-55-tip-1/comment-page-1/#comment-1388 Thomas Pedersen Mon, 03 Aug 2009 14:48:57 +0000 http://retirerichroadmap.com/blog/?p=573#comment-1388 This is a great point, and like you said everyone should start now. But I don't think starting is the biggest problem, eventhough it might be one of the biggest problems. My biggest problem is that I cant keep myself at doing one project. And eventually I end up with so many projects that none of them will see the ligt of day as a finished project. .-= Thomas Pedersen´s last blog ..<a href="http://www.mindandbooks.com/116/eget_navn_paa_facebook/" rel="nofollow">Fik du dit eget navn på FaceBook?</a> =-. This is a great point, and like you said everyone should start now.

But I don’t think starting is the biggest problem, eventhough it might be one of the biggest problems.

My biggest problem is that I cant keep myself at doing one project.
And eventually I end up with so many projects that none of them will see the ligt of day as a finished project.
.-= Thomas Pedersen´s last blog ..Fik du dit eget navn på FaceBook? =-.

]]> By: Nicolas Prudhon@SEO Help http://retirerichroadmap.com/blog/retire-at-55-tip-1/comment-page-1/#comment-1338 Nicolas Prudhon@SEO Help Sat, 01 Aug 2009 00:26:06 +0000 http://retirerichroadmap.com/blog/?p=573#comment-1338 Hi Mikael, Yeah, I guess you are right. I think I got that idea (for myself) based on the fact that this was really how I was first introduced to that concept and how much sense it was making to me... :) .-= Nicolas Prudhon@SEO Help´s last blog ..<a href="http://www.nicolasprudhon.com/advanced-seo-mastery/advanced-seo-mastery-contest" rel="nofollow">Advanced SEO Mastery Contest</a> =-. Hi Mikael,

Yeah, I guess you are right. I think I got that idea (for myself) based on the fact that this was really how I was first introduced to that concept and how much sense it was making to me… :)
.-= Nicolas Prudhon@SEO Help´s last blog ..Advanced SEO Mastery Contest =-.

]]> By: Mikael http://retirerichroadmap.com/blog/retire-at-55-tip-1/comment-page-1/#comment-1335 Mikael Fri, 31 Jul 2009 19:18:25 +0000 http://retirerichroadmap.com/blog/?p=573#comment-1335 You think it is from MLM? Compounding interests and applying leverage is part of almost everything when we're talking about making more money. I would actually state that is is very difficult to ever become wealthy if you don't apply at least one of them. You think it is from MLM? Compounding interests and applying leverage is part of almost everything when we’re talking about making more money. I would actually state that is is very difficult to ever become wealthy if you don’t apply at least one of them.

]]> By: Nicolas Prudhon@SEO Help http://retirerichroadmap.com/blog/retire-at-55-tip-1/comment-page-1/#comment-1324 Nicolas Prudhon@SEO Help Fri, 31 Jul 2009 08:35:10 +0000 http://retirerichroadmap.com/blog/?p=573#comment-1324 Hi Mikael, I really love the concept of compounding too! You know, anything that got to do with leverage and stuff like that... probably some leftover from Network Marketing... :) Actually based on your example and a low 2% interest rate, if you were to save about $1,650/month from age 20, you'd be having your $1,000,000 by the time you reach age 55. .-= Nicolas Prudhon@SEO Help´s last blog ..<a href="http://www.nicolasprudhon.com/advanced-seo-mastery/advanced-seo-mastery-contest" rel="nofollow">Advanced SEO Mastery Contest</a> =-. Hi Mikael,

I really love the concept of compounding too! You know, anything that got to do with leverage and stuff like that… probably some leftover from Network Marketing… :)

Actually based on your example and a low 2% interest rate, if you were to save about $1,650/month from age 20, you’d be having your $1,000,000 by the time you reach age 55.
.-= Nicolas Prudhon@SEO Help´s last blog ..Advanced SEO Mastery Contest =-.

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