"The problem," I told my friends, "is that millions of people have been conned by shady bankers and real estate agents into believing that their home is the biggest investment that they will ever make in their lives. What a ridiculous statement! I know that the biggest investment that I will ever make in my life is in myself, in my self-education about how to live within my means so that I don't have money problems. My self-education also is enhanced by tapes, books, and seminars on how to create money in innovative ways so that I don't have to live in poverty — even if haven't had a real job in over 25 years."
So much for houses as investments for retirement. Again, houses are consumer products and not investments. If you are buying a house on the hope that it will go up, you are speculating. If you are speculating, you should be prepared for the price to go down instead of up. Don't blame anyone else when your house price goes down. You caused this situation to happen by believing what the shady real estate agents and mortgage lenders have told you.
If you want to be financially well-prepared for retirement, invest in yourself by spending as much money as you can on books, seminars, and motivational tapes on how to run your own business or how to make money on the Internet. Fact is, the most valuable asset is actually your ability to earn an income.
I know that if I was to lose all my financial net worth that I have today, I can still survive financially. I can earn a living without having to get a job and still have a great retirement. The same applies to you. Your marketable job skills and knowledge represent your personal earning power. Although the banks and other financial institutions don't count intangibles such as creativity, innovative character, risk-taking ability, and specialized knowledge in tallying your net worth, you should. These items are much more important to a retirement portfolio than a house.
WHAT YOU DON'T KNOW ABOUT WHAT MAKES PEOPLE HAPPY IN RETIREMENT CAN GREATLY HURT YOU!
Retirement is a double-edged sword. You either make it work for you - or it will cut your happiness in half. The more you know about the secrets to a successful retirement, the
happier you will be once you retire.
That's why you need The World's Best Retirement Book by Ernie Zelinski .
Purchase How to Retire Happy, Wild, and Free on Amazon.com with this direct link:
- Retirement Gift Ideas at The Retirement Gifts Café
- 1001 Ways to How to Retire Happy
- Retirement Quotations at The Joy of Not Working