OfflineIn a world of uncertainty, most would have retirement thoughts as far away from themselves as possible. In fact most people are clinging to job security at a time when I am running from it. If this seems frightening then this post is for you. I want to show you a few simple steps to take to map out a plan so you can retire several years, if not decades, early. Retiring early is a must. It was all I could think out. Day and night-I just wanted my freedom. Why are people programmed to think retirement age is 65? Certaintly it can't be because they are waiting on social security. Social security will be doomed in under 15 years-I guarantee that. Here's why. There are 83,000,000 people right now in the U.S. that are between the ages of 50-65 years old. In the next 15 years they will all be pulling social security benefits of, on average, about $1000 per month. Now if you take $1000 per month times 83,000,000 that comes to 83 billion dollars per month! That is like funding and Iraqi war every month-it simply is not possible to pay for. And those numbers don't even count the current people receiving a social security check.
I just wanted to live life at a young age, that is why I chose to build a pipeline of income from real estate. Here are some reasons why it will be faster than ever to retire early.
1. Real estate prices are the lowest they have been in over 10 years.
2. Banks have restricted loans more now than in the past 10 years.
3. The mass news media have bashed real estate as an investment causing most people to run away from real estate.
4. Rent rates are climbing faster than ever in most areas.
If you add up all of those things it is a recipe for super fast income production. In its basic form it means that what used to take 15 years to create now can be done in 2 years. In part 2 I will get into the nuts and bolts of an actual plan to create a massive income pipeline for passive income from real estate. Stay Tuned!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
I couldn't AGREE more, Matt For President
YOUR HERO, SULLY
Thanks CBR, I had set a goal (when I was 21) to be retired and self sufficient at 55 years of age. I have ten days left before I turn 56. I must addmit that I have accumulated almost 3 times what I had orriginally figured it would take to be self sufficient. My estimates were way off. There were alot of factors I had not considered. New plan is to achive the same goal in less than five years. With RE investing, I have confidence that I can accomplish this goal. Looking forward to Part 2!
Al
"NOW GO FIND A DEAL"
Watch your thoughts; They become words,
Watch your words; They become actions,
Watch your actions; They become habits,
Watch your habits; They become character,
Watch your character, it becomes your destiny.
Frank Outlaw
Sorry Sully I can't run for president for at least 2 more years. You have to be at least 35 years old. Thanks for the vote though.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
The next election is in 4 years. Start preparing your campain now!
"NOW GO FIND A DEAL"
Watch your thoughts; They become words,
Watch your words; They become actions,
Watch your actions; They become habits,
Watch your habits; They become character,
Watch your character, it becomes your destiny.
Frank Outlaw
I look forward to your next post on "How to Retire in Your 30's." Very interesting information cbrpower. This is the reason why this site is the best. I will stay tuned. Thanks.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
What?! Did you impeach me?
That's ok. I think cbr should take over, too. lol
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
Thanks for the tips. But I'll have to settle for retiring in my 40's.
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
The 30's is too late for me I will have to settle for the 50's, my sons could do the 30's. Looking forward to your next posting.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Please don't make us wait too long. I am ready for part 2
Tina
"Then it shall be,when you enter the land which the Lord your God gives you as an inheritance,and you possess it and live in it" Deuteronomy 26:1
Rina didn't even make it for a full four year term... YIKES that's pretty harsh! LOL! Well, I'm happy to retire in 2 years, that's my goal and I know I can achieve it! Thanks Matt for all the informative posts you've shared with us. I greatly appreciate you sharing your knowledge and experience with all of us. Looking forward to part 2.
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
Can't come soon enough! I want to retire in 3 months.
Rina
P.S. Maybe he'll at least include us in his Cabinet.
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
Well I guess maybe we can all host a retirement party, what do you all think?
I hope cbrpower part 2 comes as do his deals, FAST!
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Rina, you made a good president, however the tribal counsel spoke, I hear Congress is Hiring, lol, SULLY
YOUR HERO, SULLY
President Larson is going to kick us all off the DG Island if we keep hijacking this thread!
Sorry, CBR. (but it's fun to have you so lighthearted) REI has been good to you! Congratulations on your retirement! We look forward to reading/hearing MANY more good things, and love that you are so willing to share what you have learned.
Sincerely,
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
I was thinking of posting part 2 in a couple of weeks but it looks like I may have to bump that up a little sooner than planned!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
you guys are sooooo lucky to have found RE investing so young! I can only imagine where I'd be now if I had started when you are. But better late than never as they say!
www.adeptpropertiesllc.com
my story:
http://www.deangraziosi.com/node/10404
Better late than never! (besides, youth is all in the frame of mind. Laura, you sure don't look much more than 30's anyway!)
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
That's awesome Matt! Congratulation on your retirement plans! I guess if you can retire from real estate investing in three years, that means i have 2 and half years left, lol. You da man CBR!
Lloyd
haha...i need to remember my own favorite saying "age is a matter of mind - if you dont mind, it doesnt matter" !!!!
www.adeptpropertiesllc.com
my story:
http://www.deangraziosi.com/node/10404
It is now one of my favorite, too. I will NEVER mind!!! haha
And I do not frown on learning from ANYONE, young or old, experienced or inexperienced. We ALL have something to share. So THANK YOU!!!! to every one of my "teachers" on this site.
waiting for part 2,
(CBR, you're the best)
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
an addition to "2 "but rates are still very low nevertheless" for those who do puruse that route.
I would never have been able to afford 15 year loans on my first 2 houses had the rates not been so low and now they will be paid off in 7 years. Too bad I can't get a loan now since I don't have a "real job".
Looking forward to Part II
"Whether you think you can or can't, you are probably right" Henry Ford
LOL
Challenges are only challenges if you view them that way. Try looking at them as OPPORTUNITIES instead and success will follow!!! "ME"
I AM BACK!!!!!
....................did you miss me?
Hey CBR - you R THE MAN!!....great post
Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
Cbrpower, you are truely an inspiration. I had read your bio along with all of your threads and responses, and it goes to show ya, that, yes, you do need an education to succeed, but, NOT, a college degree!!!
Can't wait for part II
"ALWAYS THINKING OUTSIDE OF THE BOX"
cbr a couple of weeks are weeks too long, maybe in two to three days. Our eyes are glued and do not forget the 40s and 50s, we will like to retire too. Thanks lol.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
I've past my thirties a while ago, even though I still "insist" that I am "27"!
Seriously though, he makes a great statement, and I cannot wait, until he "let's us 'oldies' in on part II!
"ALWAYS THINKING OUTSIDE OF THE BOX"
I totally agree with your post CBR! Retirement in our 30's sounds awesome! I'm in! -- so please hurry with Part 2. I can't wait!!!!
I also learned that the government gives us a retirement age of 65, because they know that an average retiree's life ends around the age of 68-70. They say, "what the heck, he/she worked for me for 40+ years, I can pay him/her 3-5 years of passive income.
I say, retirement is not age specific (at least that's what our government likes for us to think so), it is income-specific! Because today, if someone granted you passive income for the rest of your life to pay off all your monthly obligations plus $1 (for profit), I think you may think of retiring.
Thru DG, we can retire as soon as we like! We're the boss, we tell ourselves how much we are going to make, when we are going on vacations, how long we will be going on vacation, and how much we will spend during our vacation! Its your call!
CBR, please hurry with Part 2 -- I am hungry for more details!
"If you think what you've always thought, you'll do what you've always done. And if you do what you've always done, you'll get what you've always got" [Napoleon Hill]
Bring on Part 2 because part 1 just made me hungry. Retiring early 30s sounds so so good. I can almost taste it. CBR you rock!
Hello all if anyone knows of anyone lending money to get my first deal done please HELP!!! I am in Texas and have several deals knocking on my door but guess what no money and not so good credit anyone give me some names. Thanks
Please do. I'm waiting.
reighnie