Headlines are looking grim again, so let’s pause and take stock.
Why are the headlines terrible?
Because the media loves drama. This is not news to you or me or anyone who pays attention. The 24-hour news cycle is there to whip up emotions and keep us glued to the latest “BREAKING NEWS.”
Building wealth is not easy. It takes hard work and discipline.
But everyone can achieve success, if they can avoid the major roadblocks to wealth accumulation.
Now, there are many roadblocks to discuss but one big one is…. that we don’t cultivate a healthy relationship with money. We develop beliefs, attitudes and habits about money in our youth that hold us back from being able to generate wealth and enjoy the financial freedom we desire as we get older.
Everything from our mundane routines to our fanciest gadgets may soon be obsolete. If that happens, we could have new and totally different ways of experiencing life.
We could also have far better ways of improving it.
So, what’s the stuff of science fiction and what could really happen?
Imagine this–You have done a great job saving for retirement. You are now in your golden years–and you have amassed true wealth. Maybe, just maybe you have too much money in your 401k or IRA. You have stopped working and the IRS is making you take money out of your accounts because you are age 72. But you don’t want or need the money and every dollar that comes out is taxable…. What do you do?
Financial security won’t happen by accident, and it won’t happen overnight. Just as businesses have quarterly goals, annual revenue targets, and five-year business plans, you need to approach your life with a long-term strategy made up of a series of short-term actions and goals.
