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Question - Topic: Finance
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raminvan
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Posted On: 2014-08-25 18:24:10
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What are some best finance steps for having more in Retirement?

I am 50 Year old+ male with wife and 3 kids. And I have been reading more and more lately that one needs to save more and more for retirement. Some places such as CNBC say as much as $1-Million!
So my question is, what are some Steps I can take for having more for retirement?

Of course the easy answer is save more, but we all know that is not so easy.
So what other answers? And also Our Kids are also about to head to college, so that is going to be an expense on its own.

P.S., If you require a fee for providing such advice, I would be willing to pay up to $250 for good solid answers.

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PersonalFN
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10 months 1 day ago

there are the various steps for having more money in retirement. "The Rs 1 Lakh Retirement Secret" is a little-known way to potentially make enough money for retirement – quicker than you might have ever thought – starting with a lot less than you might have ever thought... view more about the retirement secretes visit fianancial PersonalfN, Hidden Treasure for more
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3 years 1 week ago

Interesting question. I'm the same age as you. The best advice I can give you is to become an Entrepreneur. Read Robert Kiyosaki's book "The Cash Flow Quadrant". Read it again. Understand how money is really made and turned into an asset. You will never generate the kind of income you want as an employee or a small business owner. This is the information age. The industrial age is over. If build carefully, you can build a residual income engine in 2-7 years that will provide you and your family the lifestyle you've been looking for. It takes work and the proper team to work with. I'd be happy to continue this conversation. I know what I'm talking about. ;)
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4 years 6 months ago

Invest in Gold Mines here in Australia mate.
We have Gold mines that let you invest in them and be paid a monthly stream based on price of Gold. So of you invest $500,000 now and Gold goes up 20% you could be paid like $50K per year for aver for your investment.
Also real estate here in Australia is a great ROI since House prices here are on a straight line up since we have rational Politicians here unlike Warmongering lunatics in USA so we dont waste our Money on one War after another War as USA does and we have Government run Universal Socialized health care and other welfare benefits so you get health care for free here for your Taxes all of which adds to stable and growing economy here.

Goo day mate :)
London_is_Calling
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4 years 6 months ago
Actually I am going to be in Sydney in a few days.
So I would be interested in your offer. If you have brouchor and other materials to read about it. If yes, why dont we plan to have a Coffee or Tea when I am down there. Or if you prefer we can have a cold Foster :)
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BullAndBearMash
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4 years 6 months ago

learn investing yourself

read this

http://bullandbearmash.com/stock-market-indexes/
BullAndBearMash
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4 years 6 months ago

There are two things you can affect - revenue and expenses. The difference is your future for retirement.

Monthly accounts add up quickly - phones, internet, cable, electricity, water, natural gas, car insurance, home insurance - look for ways to cut the usage or cut the service entirely.

Food and clothes are typically the largest month to month expenses - learn to cook and eat at home (avoid out of the box meals), avoid buying new clothes unless you need them.

Those $1.99 quick purchases - stop this - they add up.

TAKE CARE OF YOUR OWN HEALTH - get into good shape (walking) and create your own vitamin regiment - no herbs. Good health keeps you out of hospitals.

Plan to work when retired - figure out what you can do - if you don't need to, then you can skip it - but plan for it/do your research up front.

We are at bullandbearmash.com
YRAYS
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4 years 6 months ago

For more informations, our website is
rays.kiwi
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4 years 6 months ago

It is true that it is not easy to save. You're right. Especially because you have children, their education is expensive.
To answer your question, we need more information...

For now I will offer you a concrete example.
You invest once a sum of 100,000.
The annual interest (income) is 5%
If you are able to not touch the amount of the interest, the money will be re-invested each year, and produce compounds interests.

You are 50. Let's say you want to retire is 62 years old

The calculation is as follows:
Value of Invested Capital: 100,000
Annual interest rate: 5%
Duration: 12 years

Coumpountage method: per year

Value of future performance: 179 585.63
Total interest: 79 585.63
General Interests compounds: 79.59%

There is always attractive offers and other extra-ordinary investments you can find on internet or directly in your bank.
Be carrefull

More Infos.
Please contact Us
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4 years 6 months ago

IMHO, best thing you can do for having more at Retirement is to open your own small business. Go after a business that Wall Street money does not invest in, since Wall Street has access to 10s and 100s of Billions of Dollars and can thus destroy any competition, so stay out of their gun sight by going after a small business, such as open a Pub.
And dont worry about money so much and instead just enjoy yourself.
raminvan
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4 years 6 months ago
But I have no experience with running any Small business?
Specially a small business such as Restaurant which are one of only business immune from Wall Street type competition.
Ewade
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4 years 6 months ago
A restaurant, bar, convenience store, and most other retail operations are overwhelming to manage. You don't own those businesses, they own you. What time you aren't spending operating the business you spend conforming to tax laws and burdensome government regulations, or dealing with employee issues. As I said, almost every small business owner would sell if he could find a buyer. There is a reason Wall Street doesn't invest in certain industries. The ROI (return on investment) is very small.
marcm
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4 years 6 months ago
I basically agree - the reason for Wall Street is not ROI but the need for management. Anyway talk to busy accountants, they will tell you which clients are doing well and which ones are not.
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Ewade
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4 years 6 months ago

Don't park your nest egg with a financial advisor. You probably know more than most of them about investing. Manage your own investments by informing yourself. Learn to manage your own money. "Teach yourself to fish." nofearinvestor.com

Good luck
raminvan
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4 years 6 months ago
You mean invest in Stocks or Bonds or something else?
marcm
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4 years 6 months ago
I like trust deeds, but you have to learn the business.
BullAndBearMash
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4 years 6 months ago
go to tastytrade.com - they have replaced the educators in trading and it's free
marcm
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4 years 6 months ago
Good site.
Ewade
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4 years 6 months ago
Stock options using a proven method that returns 5% or more per day with only an hour or so spent each day. This guy will do a free one-on-one webinar for you to help you plan a strategy that works best for your goals.
BullAndBearMash
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4 years 6 months ago
it's not about quick cash, it's about managing your risk and being safest when you trade
marcm
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4 years 6 months ago
Stock option trading is not particularly safe unless you write puts on stock you own, and even then you cap the upside. You can make money and reduce risk, but it is far from simplistic and you really have to watch the transaction costs.
Ewade
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4 years 6 months ago
What's not about quick cash? Raminvan is 50, with 3 kids, college costs being not far away. I believe "it" IS about quick cash. Nothing worth having is without some risk, including most of the solutions you offer above. Entrepreneurship? Over 90% of new businesses fail in the first year. Less than 1% of Amazon and other reseller affiliates make any money, and of those that do, most make very little after hundreds of hours of effort. Build apps, write books, Put the kids to work? Get real.
Ewade
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4 years 6 months ago
Marcm do you have any experience trading stock options? Have you made any money trading options? How about lost money on options? Just curious whether you speak from experience or are just parroting what someone who did it wrong has told you? I don't think Raminvan asked for a simplistic solution, and the fact he is willing to spend $250 for good solid answers tells me he isn't interested in easy answers but effective ones. I suggest a free consultation with Hugh at nofearinvestor.com. Cheers.
marcm
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4 years 6 months ago
I think it is very real, but needs thought and effort. Interest rates are < 1%. Any return over this necessitates risk - high return high risk. The only thing that can change the equation is direct application of time and effort - sweat equity. If any fincial product was a sure thing, hedge fund and other equity would flock to it. There is plenty around, just look at stock market performance over the last few months. The statistics quoted are not correct. You can run a small business.
marcm
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4 years 6 months ago
By the way, I have both made and lost money with options. We can discuss strategies, depending on market trends some work wonderfully for a while. Nothing works in all markets. But this is a different discussion.
Ewade
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4 years 6 months ago
I'm sure someone asking in a public forum for retirement advice is smart enough to know the "start a business" option is about the riskiest of all options. Almost every business in today's economy is holding on by a thread, some subsidizing the business to keep it open. Nearly every business out there is for sale. Most, at a loss if necessary. Nobody said investing was a "sure thing." I said nothing worth having is without risk. I'm betting Raminvan knows this. Your advice is just bad, period.
marcm
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4 years 6 months ago
Sorry, I strongly disagree. Been giving advice for years. A business using other peoples money is the lowest risk strategy possible and has an unlimited upside. Look at the stock market, business is doing great, while the man on the street is starving. But it depends on what, where and who.
BullAndBearMash
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4 years 6 months ago
advice for years is irrelevant

what was your ROI last year? I could have bought SPX last year and made 23%

did you beat this? my guess is no
marcm
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4 years 6 months ago
ROI, if you have no investment is infinite. So yes, I beat it. Marc
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4 years 6 months ago
not sure what you mean, but you haven't come forth with the answer to the question.
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4 years 6 months ago

There are a great many variables to consider. You should take the time to establish a comprehensive retirement plan that will take into consideration both your current and future earnings and expenditures, the fact that accumulation of assets now is not the same as distribution during retirement, your risk tolerance for investments, safety of current savings, higher interest rate accounts, etc. There are important considerations to help your children qualify for more scholarship money too.

My retirement planning team and I have experience in insurance, investments, accounting, tax consultation, and estate planning - although we recommend each person consult with his/her own tax advisor or attorney. We are licensed to help individuals in most of the United States.

Take a look at my personal online video presentation then feel free to contact me if it resonates with you. There are also some helpful free downloads.

OnlineRetirementPresentation.com
raminvan
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4 years 6 months ago
How much do you guys charge for your financial services?
And do we have to pay you even if we loose money due to your advice or when our money is under your management?
BullAndBearMash
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4 years 6 months ago
typically they charge 20 and 2. 20 percent of your profits and 2 percent of your principle

it's not a very good deal for you

learn to make your own investing choices - the information to do this is out there
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marcm
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4 years 6 months ago

1. Spend less - downsize - less is more.
2. Entrepeneurship - you know something and can do something that someone else isn't - monetize this. Internet has no barriers to entry. Amazon/Ebay have a wonderful store platform. Phone aps are cheap to build. Books can be written and sold... If you think you can sell chemicals, I can provide a source that can manufacture and fullfil ... The ideas are endless, execution more difficult.
3. If you have a retirement plan, retire early and you may be able to collect double for a while - may be worth more than staying with were you.
4. Put your kids into a business. Help them and take a percentage. Gray wisdom and youthful energy is a great combination.
5. Think recurring revenue systems that require a lot of effort now, but once setup are easy to maintain and keep going. Risk time and effort, but very of your own dollars. If you have something of merit, you ought to be able to convince the next guy and use thei
raminvan
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4 years 6 months ago
But we already dont spend much. For example last vacation we were on was like 4 Years ago! And we eat out like 2 times a week. So I dont think less spending is our answer to more Retirement funds. But I like your idea about:
"recurring revenue systems"
however what exact examples do you have in mind we do or invest in?
ThanX
BullAndBearMash
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4 years 6 months ago
investing? stay in safe products - low interest gains are better than losses.

I am not a big fan of financial advisers - they are expensive and when they lose more, you still pay them for helping you lose - makes no sense.

We believe in self-reliance. The finance industry will tell you it's complicated - it is not.

Read this. See if it makes sense.

http://bullandbearmash.com/stock-market-indexes/

To learn trading, go here; tastytrade.com - amazing service.
marcm
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4 years 6 months ago
ETFs are low fee low risk vehicles that will perform like the segment or market that they cover. Micro cap stocks makes sense if you both know and understand the specific company, but this is unusual.

Look at trust deeds, chemical or other distributorships where you connect a manufacturer to a user, a local business where you contribute money or services and take a piece, bring 2 paties together in a new venture and take a small slice...
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4 years 6 months ago
here's the wiki on "trust deeds"

http://en.wikipedia.org/wiki/Trust_deed_%28real_estate%29

one of the characteristics of a good investment is its liquidity - how easy is it to buy and sell

in the end, it's just about making cash - if a market turns in a tight market, it can be painful - 2006 real estate crash is a good example.

markets crash too, but you have time to get out - it's liquid
marcm
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4 years 6 months ago
In a real crash, trading stops and by the time you actually get out the losses are catatrophic. Trust deeds are illiquid, but have predictable cash flows and long term high interest rates. Different profiles for different goals.
BullAndBearMash
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4 years 6 months ago
have you listened to tastytrade.com? try it for a week - you will see.

illiquid is high risk if the market goes against you. we are at all time highs.

real estate indexes are not at ATH's (2006 was ATH), but the have topped - look out below.
marcm
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4 years 6 months ago
Yes, but you are not betting on RE increasing in value. Two things both have to happen for you to lose 1) The person no longer is able or wants to pay the loan back, and 2) the real estate has to drop in value below the proptection that you have from you loan/value ratio. Even then, you can take over the property and lease it out at a rental.
BullAndBearMash
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4 years 6 months ago
all financial advisers charge money regardless if you make a profit or not - they sell complexity

but the investing world is changing
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4 years 6 months ago

Hi,
We recommend that you invest in high profit yielding programs. We can recommend quite a few of such programs depending upon the level of investment you can make. Starting from as little as 5000 going to a no top limit, there are schemes on the web which can earn good profit on investments. Visit http://mi11enniumconsultant.wix.com/millennium#!contact/czpl and then call us for discussions.
regards
Ray
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4 years 6 months ago
I would be careful about hiring a financial consultant that works from a free website. Just saying ...
Neuronalts
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4 years 6 months ago
Hello

Have you already consider long-term trading ?

We have created a personal trading assistant system on-line intended for the financial market.

We provide signals for short and middle term investments on the main stock market indexes, a financial quotations stream and clear, precised and synthesized information, the whole freely and in real-time.

A tool that will work for you is our long-term forecast. http://wts.neuronalts.fr

Sincerely

Neuronal Trading System
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