Most of us were taught: “go to school, get good grades, find a safe, secure job, and stay there until retirement.” I did go to school; earned grades (ok, they weren’t anything to brag about), found an incredible job with a veterinary school, but can I retire?  Absolutely!

According to the US Bureau of Labor Statistics, 80% of the USA population will retire on 33 – 50% of what they are making at the time they retire. Could you afford to take a 50% pay cut right now? 

Oh, your 401K or 403B is going to make up the difference? Really? Did you see what happened to the stock market in 2008? Do you realize that all those people who were planning on retiring between 2008 to 2020 no longer can because their 401K is now a 101K?   Many poor people who were already retired at the time of the stock market crash have either gone back to work or are desperately living on Social Insecurity.

I don’t mean to be a doomsayer, but we really need to teach our citizens and ourselves to think differently about money. Retirement is NOT an age; it is an income.

What would you do if your current income kept coming in every month even if you never returned to your job or business again? Would you spend more time with your family? How about travel more? Would you live somewhere else? What charities would you support or even donate your time to on a regular basis? Would you spend your time helping improve our environment? Rescuing animals? Helping change our laws or legal system?

I don’t know about you, but my “retirement” started the day I realized that my financial education is my responsibility. I hope you are taking care of your financial education. Don’t leave your future in the hands of a stock“broker” or get your financial advice from your brother-in-law who carries $10,000 in credit card debt.

Learn from those who have the life style you want and do what they did. Learn so that you can have and can give! Start right now!

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