A recent study conducted by Charles Schwab & Co., a professional service that helps people handle their retirement planning, revealed that only about 10% of individuals take advantage of free professional advice regarding retirement planning. Why do people resist free advice on important financial decisions from experts paid to offer it? There are a handful of reasons cited, and we’ll look at a couple of them right here.
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If you’re looking ahead into your future, you’ll want to be able to consider retirement as a great sigh of relief. You should be able to finish out your career with satisfaction and without fear for the future. So if you’re still several years away from retirement and want to ensure that you can have the most relaxing retirement possible, you will need to look at what expenses you can erase before reaching that time in your life.
You’ll first want to start working at your credit card debt. Erasing this debt is one of the most important things because it has continual repercussions as time goes on, and you’ll want the least amount of those as possible moving forward. Interest charges can quickly eat up a fixed income, so getting rid of the debt will put you in a much better position no matter where you are in your career. Another important thing to note is that credit is not nearly as much of a concern for people in the retirement age as it is in early life, so you don’t have to build up a good amount of it for your post-retirement years.
Imagine some of the most successful and influential people that you know. They could be innovators in thought and technology, entertainment, famous athletes, or anyone else that has made a profound impact on the world. What do all of these people have in common? From Thomas Edison to George Lucas, Steve Jobs to Michael Jordan—all of these people reached as high as they have in life thanks to their drive for success and their handling of their own destiny.
The successful individual will define his or her goals at an early age. People who know what they want to do and can drive themselves to reach those goals are able to accomplish almost anything. Extreme diligence and dedication are skills paramount to the attainment of success. Doing this at an early age gives you more time to reach these goals and more energy to persevere.
If you want to be as successful as your idols and other famous, influential figures, you must look within yourself and determine what talents and skills you possess. Being able to capitalize on these unique abilities will give you a leg up on your peers and offer you the chance to achieve something great. If you can determine a goal for yourself and work tirelessly towards it, you may find that you will get further than you previously thought possible. The most successful people in our history did not give up in the face of adversity; they remained true to their goals and themselves and pushed forward to open up new avenues for success.