Episode Resources: The Retirement Planning Success Course – Everything you want to know for choosing the right retirement strategies.
Today we are on principle number 9 out of 10 Principles for Building Wealth For Life.
Only one more to go! Number nine though is a good one.
Principle #9: Beware of the one-thing retirement plan.
The one-thing retirement plan, a lot of people are in the one-thing retirement plan.
What is that?
That’s this idea that in order for your retirement to be successful one thing needs to happen:
The Stock Market needs to go up.
That’s where most people are at because they have all their money positioned in just one income stream.
Market doesn’t go up, that’s a problem.
And that is a problem because while the market does go up over time, two out of the last five decades of the S&P 500 were negative.
Two out of the last five!
So which one are we going to next?
Which one are you going to enter in retirement?
You don’t know, so you want to have a strategy out that works if the market is up, and if the market is down and if the market is flat and just zig-zaggin’ along.
You want to have things that are working no matter what’s going on in the world.
You don’t wanna get stuck in that one-thing retirement plan…
When in order for you to have your retirement dreams come true the market must go up….
….because the market timing may not match your life timing.
So check out the retirement course that we have, that will go into details, tell you how to get yourself off of the one-thing retirement plan.