All About Financial Matters

Importance of Early Retirement Planning

Importance of early retirement planning

Don’t you long for the days when you won’t have to get up early, rush to your work, suffer your boss for the whole day and trudge back home tired? How you must be longing for the days when you can get up leisurely, play with your grandchildren or may be drop in on your friends for a game of cards or go on a holiday with your spouse to exotic locales. You sure do! Retirement planning is the solution to your misery!

A timely, planned retirement can provide you a relaxed, enjoyable dream-lifestyle for you and your spouse – whether your dream is to sit on the patio and watch the world rush by, or to see the exotic holiday spots, or to play with & watch your grandchildren grow up.

But surely your dream-lifestyle has a price-tag. Timely planning for retirement is necessary for turning your dreams into reality. Apart from pension-plans your employer may provide, planned savings and smart investments of your savings can ensure your dream retirement being achieved in reality. Early retirement planning is the key.

There are many investment consultants who provide the specialized service of retirement planning. They can suggest various avenues for your investments. You can also consult the schemes of various organizations that run retirement homes. Look at all available alternatives and choose your path; after all you are planning for your enjoyable future.

The foundation of your retirement happiness is provision of the necessary financial security of your dream. The first step in retirement planning will be to use Retirement Planning Calculator which can help you in drawing up a realistic retirement plan. Early planning will offer you the opportunity to adequately long period over which you can save & invest by making necessary adjustments to your present lifestyle. Don’t forget that “Early bird catches the worm”.

Author is a retired engineer interested in writing articles on a wide range of subjects

Frugal Freedom

That most of us are considered poor is no disgrace, but does us credit; for, as the mind is weakened by luxurious living, so it is strengthened by a frugal life.(Minucius Felix, 3rd century A.D.)

People who live a frugal lifestyle often live with less stress. Typically, those who take control of their money feel they have more control over their life in general. You’ve heard the old cliché “Money is Power.” What most of us fail to understand is that the power isn’t in having the money, or how much you have, rather in the ability to control what money you do have!

With that power comes peace of mind. It’s the peace of knowing that all you have is truly “yours”. With that peace of mind comes Frugal Freedom. Freedom from debt. Freedom from envy. Freedom from ridicule, shame, and loss. Loss of what you might ask. Sanity, for one thing. Trust me, when the walls of financial ruin come tumbling down around you, it’s easy to loose your sanity! And, no matter how much money you have, if you can’t control it, you are headed for financial ruin. There are many stories of those who have become wealthy and eventually fell to financial ruin. These are people who let money control them instead of responsibly managing their money.

Much of the transition from spendthrift to frugal is within the mind. It’s not so much a physical shedding of the luxuries of life. Rather, it is the ability to accept that you don’t have to “keep up with the Joneses.” This can be a huge mental leap living in today’s world of material values.

It takes an understanding of what you really need to be successful. Focus inward to what drives you to want more money. Is it necessity or just appearances that drive you to spend more, have more and, consequently, owe more?

In review of your own unique situation you might find the answers very enlightening. Hopefully, seeing the true origin of your desires and re-evaluating what you “need” will lead to change. Then again, you may not like what you see and in denial exclaim that it’s all baloney!

I hope you have the courage to make the changes needed to achieve financial security and peace of mind. Many of us forget that we do have the ability to change. It’s never too late! There is no truer realization of how hard it can be, and how we may need help, to change, than the following well known serenity prayer……..

God grant me the serenity to accept the things I cannot change….The courage to change the things I can and…..the wisdom to know the difference.

Now whether you’re a religious person or not, the above statement is true in all aspects of our lives. I often think of it when presented with life’s little dilemmas. It reminds me that I do have choices. I need to evaluate the situation carefully and research my options. Some things we can change, some things we cannot change. Figure this out, have the courage to fix it, or peace of mind to accept it. I can tell you from personal experience that financial ruin is something you can fix. It is rarely an easy fix, but always will bring peace of mind!

So, when asked what I think frugality is…..It’s Freedom. Peace of mind. Re-evaluating what life really means. Knowing the difference between necessity and wants. Shedding appearances in exchange for reality. Taking control of my finances. Getting back to basics, and focusing on the “really” important things in life…. family…. friends…. children….. learning….and teaching.

Cheryl Johnson is a mother of four helping herself and others become and remain debt free. Publisher of Simple Debt Free Living at simpledebtfreeliving.com simpledebtfreeliving.com - A self-help plan, ideas, and resources for debt reduction, personal budgeting, simpledebtfreeliving.com/frugal-living.html frugal living, and extra income opportunities.