Buying Cash-Producing Assets--The Path To Retirement
A book that changed my life was by an author by the name of Robert Kiyosaki called Rich Dad Poor Dad. He talks about the mindset to have to get out of the Rat Race. He has games called Cash Flow 101 and Cash Flow 102 that help you get into this mindset. So, you may be asking, "How does a person escape the rat race?" Some may think it's getting an inheritance, winning the lottery, or robbing a bank. The truth is you don't need a lump sum of money to retire. All you need is a plan of increasing your net monthly income without the need for a job and having more money left over at the end of each month. I've learned that a goal is not buying expensive cars, houses, and gambling your money on "the next best thing." It's just buying cash-producing assets. Saving money for retirement is the reason why people need to work well past 65 at a job they hate. Each month may leave you with very little, and you only get ...