I went through some lean times when I was younger, so I’ve wanted the security of financial independence for a long time. Over the years I’ve spent time trying to figure a way. I had a good corporate job as an “intrapreneur,” where I led teams to create new businesses, services, and products that won over $120M in new business. I was well respected, but later in my career I got caught in the wrong place at the wrong time, ouch. That’s when I decided to start my own business (and then others) as I began working toward the point where I could retire. I shared my situation with my two sons.
My younger son is a finance major and said I might be doing better than I think. I agreed to look into it. Here I was – divorced, living on my own, still trying hard to make my business a success, and not making the kind of progress I wanted. I had a financial advisor and, at my son’s suggestion, I looked at the effect of the 1% management fee. Wow, did it have an impact! And I later discovered the conservative investments my advisor made had significantly held back the growth of my nest egg. On the bright side, the same methods I’d been using with my business clients helped me get really clear about what I wanted. One of those things was my desire to retire comfortably. Spurred by my son’s suggestion, I pulled together various things I’d learned. I developed a very solid planning structure and a process that put my retirement finances in order. I saw I had the means to retire and support myself with a modest, but an adequate lifestyle – so I did! Since then, I’ve improved my system as I’ve used it with others, and they’ve gotten their own great results.
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