I hope you had a fantastic first week of the New Year, but what about your future? If you were to write the final chapter of “your book”, how would it read? Where would you be? What would you have accomplished? Most people spend more time planning their vacations than they do their retirement! Do you put a certain amount of money away each month to ensure that you will be where you want to be, and doing what it is that you want to do?
When I was young, I was told that if I were able to contribute $100 to an investment account each month, with a 6% rate of return, I would become a millionaire in 66 years. Of course, depending on how old you are now, putting away only $100 a month may not be a reliable long-term plan for building wealth and planning for retirement, but it’s a start. More importantly, for your children, this is a great way to ensure they are ready for retirement some day. Getting into the habit of saving any amount will be helpful for you in the long run. A great rule of thumb is to set aside or invest 10% of each commission check.
Something to Think About:
The average American puts aside less than $1,000 per year towards their retirement. What will YOU do to invest in your future?
Contact 25 past clients, customers, friends and family this week. Let them know that there is so much new news regarding the housing market, and that you know a LOT of people have questions and you are happy to answer them! See what you can do to offer answer – then ask for a referral or see what their plans are regarding buying or selling a home in 2018.
Words of Wisdom:
Life is what happens to us while we are making other plans. Allen Saunders
By failing to prepare, you are preparing to fail. Benjamin Franklin
If you don’t know where you are going, you’ll end up someplace else. Yogi Berra
Someone’s sitting in the shade today because someone planted a tree a long time ago. Warren Buffett
All successful people men and women are big dreamers. They imagine what their future could be, ideal in every respect, and then they work every day toward their distant vision, that goal or purpose. Brian Tracy