The Way You’ve Been Thinking About Money Is All Wrong

The alarm clock buzzes and you crawl out of bed, pour yourself a coffee and stumble bleary-eyed toward the car. You fight rush hour traffic while the radio DJs chatter incessantly. At work, you listen to your coworkers, your boss, your customers.

It’s just another day. A day like thousands of others before… and, unfortunately, probably thousands more still to come. As you pull out your paystub, you see how much is taken off to be deposited into your IRA, and you see what you’re left with.

Sure, you’re not suffering. But you probably think the same two things that so many others are thinking:

1. It would be nice to put a bit more away into retirement each and every week… because even though retirement seems far away at this point, you know it will come soon enough and you hope to have enough saved.
2. It would also be nice to take home a bit more too… because bills are always going up and maybe you’ve got kids who need to go to college soon, and perhaps you’d like to take your family on a vacation.

You Don’t Have To Choose

What if you could do both? What if you could put more away for retirement regularly to help make retirement worry-free (and to keep you from becoming the increasingly alarming statistic of Americans who haven’t saved enough for retirement)? And, what if you could take home more money each week on your paycheck?

The answer might surprise you, and it reveals the “broken” way that most people have been thinking about money for many years.

You see, when you think about having enough money for retirement, what do you think about? Do you have a specific dollar figure in mind? Most people do. Perhaps you might think you need $1 million to live comfortable; or maybe $500,000; or perhaps $300,000 as long as your house is paid off. There are online calculators and algorithms and experts that will give you estimates about how much you need to have for retirement.

Problem is, they’re all wrong.

Here’s Why The Experts Are Wrong

When most people think about retiring, they think about retiring with a lump sum. In their minds, if they can save that lump sum (whatever they determine it to be) then they’ll be okay. And as they get closer to retirement, they might discover that they have not saved enough so they have to downgrade their retirement.

Assuming you retire at 65, how long will you live for?

No one knows how long they’ll live. When Social Security was introduced in 1935, it awarded anyone over the age of 65 with a small retirement stipend. The thing is: only a very small fraction of the population lived that long! Most died long before.

Since then, medical advancements have helped people live decades longer. As medical science advances, people can live healthy, vibrant lives into their 90’s, and many are living to be 100 or older.

That’s great news to hear that you can enjoy life longer but it’s bad news because it means you don’t know how much you need to save up. How do you save up enough of a lump sum for retirement if you don’t know whether your retirement will be 30, 40, or even 50 years long?

Worse Yet

So here’s what happens: we think we need a lump-sum amount for our 30-40+ year retirement so we scrimp and save.

But honestly, have you ever stopped to think about this…

If you worked from 20 to 65 (45 years)… and your retirement was from 65 to 100 (35 years)… would you be able to save enough in your 45 working years to afford your 35 retired years? And chances are, if you’re like many people, you’re maybe saving 10% to 20% of your income… because you need the rest of it to pay your bills and live your life!

And even worse: we often are told to invest in the stock market in the hopes that it will help to make up the difference that we need. But anyone who lived through the crash of 2007/2008 knows the truth: putting your savings into the stock market can be expensive!

And EVEN WORSE…

Most people who go through all of this (the sacrificing to save up a lump sum amount) feel STUCK in their jobs as they try to earn more and count down the days until they turn 65 and can retire.

Uh-Oh. Reality Has Set In

Reality has set in for a lot of people.

They’re realizing that they are trying to save a small percentage of their current income for 45 years… knowing that they need to save up a lump sum for the 30-40+ years of retirement.

… and it’s just not happening for a lot of people.

And they look at their unhappy co-workers and the stressful rush hour traffic and they wonder if this is what the rest of their life looks like.

There Is Another Way

Fortunately, there is another way – and it’s a way that most people don’t even realize is an option until they have their eyes opened to the possibility.

Forget the lump-sum savings. It’s hard to save enough money when you don’t know how much you’ll need.

What if there was a different way: What if you got a check each and every month for the rest of your life… without worrying about whether you’d ever run out of money?

Imagine what difference that would make to you at retirement! You’d have the confidence that your retirement would be paid for whether you lived another 30, 40, even 50 years! No problem at all! And you wouldn’t have to get a job as a Walmart greeter or rely on your adult children to take care of you.

And, imagine what a difference it would make to your life today if you didn’t have to continually scrimp and save day after day, taking money from your paycheck now (and sacrificing things you enjoy now) for a hopeful retirement.

The Answer

The difference between these two realities is simple: it’s called “cash flow”.

Instead of working toward a lump sum amount – perhaps of cash or stocks or whatever – you instead, in an asset that delivers cash flow – regular, predictable, consistent, recurring income that is hands-free, worry-free, and doesn’t deplete.

That’s the power of cash flowing turnkey real estate. It delivers consistent money into your account regularly, automatically, and predictably. And when you invest in real estate, you invest once at an affordable price, and the money keeps coming in (compared to the constant need to save that giant lump sum you were hoping to retire on).

Summary

If you’re stuck at your job and sick of what you have to endure day after day to save up that lump sum, STOP.

Change your thinking. Stop sacrificing today to get a lump sum that you’ll deplete during your retirement (and hope you don’t outlive it!) Instead, invest in turnkey real estate that cash flows predictably month after month. You’ll spend less to do it and you’ll ensure a worry-free retirement for as long as you want. (Heck, you might even be able to retire early!)