Archives For Retirement

401k Contributions – 248 DSR

April 21, 2018

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401 contributions. It’s never too late to start.

3 years on job, $7,500 in 401k no contribution from me. 3% contribution from me at next enrollment. Auto deduct from check.

IRA rollover:
Quit job, another employer, another 401k company. They make money off fees and investing your money.

You contribute pre-tax dollars to the account.
When you withdraw at retirement you get taxed.

Close:
Earlier you start, the more it grows.
Get used to the deduction and you won’t miss it.
Talk to your 401k rep. Charts on how much can expect to have at quitting time. Don’t just guess.

Resources:
Finance and Markets – Casey Stubbs

Get Your Mind Straight. Get Your Money Straight.

Copyright 2018, Debt Shepherd, All Rights Reserved.

In Money, Personal Finance Education, Retirement , ,
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163 DSR – How to Plan for Retirement

May 15, 2014 — Leave a comment

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retire

At the end of your working career if you had no mortgage, no credit card debt, no car payments, how much will it take to live every month? Do you have an income stream to make those payments?

Top three suggestions to plan for retirement:
1) Get out of Debt
2) Practice Delayed Gratification
3) Develop Saving as a Habit

Resource:
How Wall Street Fleeces America by Stephen Lendman

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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153 DSR – Your Financial Plan

March 6, 2014 — 2 Comments

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life-insurance-categories

Jim Rohn once asked a simple question:
If you shared your current financial pIan with me would you be so excited about it you’d want me to go around the country and share it with everyone I met?

Whose plan did you buy?
Is it working?
If not, why?

“Emergencies”
Do you borrow on credit cards to handle them?

The map is not the territory.
Your financial plan (or map) is a guide. It’s not your life.

Trying too hard can make you miserable.
Thinking I’ll never have enough – Why it’s not healthy.

Resources:
Die Broke – by Stephen Pollan and Mark Levine.

Jim Rohn – Anything

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

In Money, Motivation, Psychology, Retirement, Self Reliance, The Basics , ,
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130 DSR – Stop Worrying About Your Pension

September 19, 2013 — Leave a comment

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“Whatever point of view I take is the reality I create. My point of view creates my reality. Reality doesn’t create my point of view.”
Dr. Dain Heer of Access Consciousness

And from How to Be Free by Tom Hodgkinson:

“Create a life that you won’t want to retire from.

Our retirement age should be a matter for private contract between ourselves and our employers or, even better, something that we decide for ourselves.

Again, we can’t complain if in our greed, we entrust our money to a gang of speculators and they throw it away on flaming Ferraris.

Funnily enough, the people who encourage others to worry about the future are those who want your money now.

Let us not delegate our future to an outside agency, whether that is government or a pension fund manager. Let us not hand over our money for someone else to manage. Far from providing security, to do so is a highly dangerous operation.

If you don’t believe in pensions, then you believe in yourself and believe in looking after yourself. This makes you free.

The other point to make about pensions is that security itself is a phantasm. It simply doesn’t exist. It’s a construction of the mind, a mere hope, a will o’ the wisp.”

Resource:
Right Riches For You – by Gary M. Douglas & Dr. Dain Heer

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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121 DSR – Why Wait for Your Money?

July 23, 2013 — Leave a comment

time-watch-waiting

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Why do we have to always wait to get paid?
Your employer is getting the benefit of your labor the second you perform the work. Why wait two weeks to get paid?

Why is the model: Work now, get the reward later?
Sacrifice for 30 yrs. then get the reward (401k, paid off home).

Who invented the 40 hr. work week anyway?
Who invented the 30 yr. mortgage anyway?
Who invented the 401k anyway?

Possibilities:
What if you got paid the second you did the work? Immediate exchange of energy.

What if you only had to work 20 hrs. a week? And got the same benefit of lifestyle.

What if you only had to pay 10 yrs. (or less) to own your home?
How about 5 yrs. or less?

What if a 401k wasn’t necessary? No need to earn “interest” to grow your savings.

Why are we so obsessed with ownership?
What about own nothing, control everything?
Or own nothing, have access to everything?

Ultimate Question:
What if you didn’t have to work for money? What if you didn’t have to work to get the things you need (food, clothing, shelter)? Why do we have to “work” for these things?

Resources:
40 hr work week
How Ford Motor Companyt went from a 6 to 5 day work week.
Less hours but more production demanded.
Profit driven?

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

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056 DSR – 401k Fallout

October 10, 2012 — Leave a comment

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I’m encouraging you to take a closer look at what your 401k really is. Not because I stumbled on the 60 minutes video above and now am sounding the alarm bell. I’m encouraging you because I’ve kept my mouth shut on this subject far too long.

I never tell people where to invest their money. That’s a very personal decision that should be done only after becoming educated about what you’re doing. I can tell you what I don’t invest in and that’s a 401k. It’s a savings plan that was designed so you won’t win.

High risk, low returns, zero control on your part. Hidden fees are just the tip of the iceberg. You have to truly understand what the stock market was meant to do. Check out the resource below and get the real skinny on Wall Street and how a 401k can mean financial suicide.

Resources:
How Wall Street Fleeces America

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