If financial freedom and building wealth are of any importance to you, then understanding tax structure is a non-negotiable. Taxes, representing up to 50% of your lifetime’s income, are a required area of focus with regard to how wealth is created. Tax laws are not only set up as a governmental revenue stream, but also to incentivize individuals to contribute to what the government wants done: such as job creation, housing, and aligning with their social and environmental policies. This is why tax deductions for big business and investors are so prolific. But in order to take advantage of the tax laws as they exist, you first need to understand the ideology behind their structure.
After so many years of work, it would be tragic for you to fall short of the perfect retirement. I mean that would be an absolute shame, and sadly it is the reality for 95% of the population. But! It doesn’t have to be. Change one thing just one time and you can enjoy an early retirement.
The 401k experiment has been a an absolute disaster for most people. When the market crashed in 2008, investors saw years of dedicated savings get wiped out. This is forcing Americans to cut back on their lifestyles and delay retirement even later. It’s not their fault. They were just doing what they were told to do using a totally inappropriate plan to save for retirement. A 401k withdrawal makes sense for most people because it has two HUGE inherent problems…
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Achieving financial freedom through investing in real estate is much more than an idea to dream about while on your lunch break at your 9 to 5 job. This dream can easily become a reality setting you up for an early retirement. But there is a catch! To move this idea from the dream state […]
When I changed my thoughts about what it means to be financially independent, I found myself on track to actually reach “financial independence” in just a few years… as opposed to the 40+ years instilled in my mind by “traditional” thinking. I’m going to suggest you start thinking about your financial future a little differently, as well.