By Mikael
I don’t know whether it is human nature or whether it is because we’re conditioned by the media, the school system and the environments we’re living in but I find that there is a huge majority of people that believe that they are able to SAVE their way into a decent retirement. Having money in the bank is probably one of the least profitable ways to “invest” your money.
The reason I put “invest” in quotes is that I actually believe that having money in the bank will end up being an expense for you while making the bank richer. The reason is that first of all you’re paid an insanely low yearly interest on your savings. Secondly your savings are being eaten up by the inflation and if that is not... Read more
By Mikael
I don’t recall ever meeting someone that had a job and didn’t want to be able to retire early from that job. Even people that actually like what they are doing at their job would want the ability to be able to quit or at least not be dependant of the paycheck each month. So what do I see as the key aspects for an early retirement?
1. Start as soon as possible
The best thing to do is start as early as you possibly can. The more time you have to work on it the less effort you will have to put in. Unfortunately too many people are starting out too late and are therefore struggling with making ends meet and often can’t see their way out of the everyday hassle.
2. Find out what you want
You need to be clear about what it is that you actual... Read more
By Mikael
A lot of people are talking about wanting to make more money and wanting to become rich. Some will want the money in order to be able to buy more items like flatscreen tvs, cars, vacations, a bigger house, designer clothes and all these kind of things. That is a perfectly legitimate reason for wanting to make more money but it is not the only reason there is.
Some people want to make more money because they are struggling in their day to day financial situation. Maybe they have built up credit card debt, maybe it is educational loans that need to be repaid or maybe they have been downsized because of the current economic downturn.
Others might just be in a situation where they can’t help spend more than they earn and to avoid accumula... 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.