I want to be amongst the first to wish you a Glorious Holiday and a Prosperous and Happy New Year!
This is a time of Peace and Joy, and a time of GIVING! And there’s so much more to GIVING than exchanging gifts. You can give a helping hand. You can give time and energy to someone who needs help. You can give unconditional love and understanding. You can give forgiveness. This Holiday Season, let’s make it a point to discover how much more we have within ourselves to give. Let’s spread it around and discover the joys of giving! Remember, you can’t out-give; you’ll always get it all back and more. .
What many do not seem to understand is that these same principles of giving applies to everything including retirement planning.
Thatﾴs why itﾴs important to begin thinking about retirement; even though you may have a decent income, a good standard of living, and lots of comforts that are supported by your current income, you would like to continue enjoying that life style when your current income ends at retirement. So, “How do you get more for your retirement?”
The answer is simply by giving more of your time and money towards retirement during your working years. If we want a nice nest egg later on, we cannot spend all that we earn. We have to save a little and invest it wisely so that our “Golden Years” are truly golden. Once we understand this basic principle, then more people will start now to save and invest more of their money and time for the future they want.
Do you want more out of your money and time in the future? Then you have to shift the ratio from “spending” to “investment”. And, why should we be concerned about the future? Because that’s where we will be spending the rest of our lives and money does not just come to us, it comes from how we spent our time.
If you spend all of your time in your bedroom, with the door slammed shut, the shades pulled down, and the covers over your head, you will get no money. So, you have to use your time to create money.
How do we use it? We get an education, we acquire skills, we interview and get a job, and we network and develop relationships. And to the extent that we mix all of these together, we get the money we earn in this world.
And, we all invest some of our time already. We would not be where we are in life now if we did not. The issue is how much more of our time are we willing to consciously invest? The problem for many of us is that, we find our days and weeks are taken by “expensing” our time.
When we spend our time, it’s gone. We enjoy a current benefit but get no real significant payback in the future. You and I spend most of our time doing this. We watch a TV program, we clean the house, we go to work, and do the job. When we invest our time, like a farmer planting the seeds in the ground, we get little current benefit, but a long-term payoff, because before long the crop sown is ready for harvest.
Retirement Coaching is for people whose time is every bit as important as their money. Through coaching, you get personalized attention on exactly the issues you are working on and how to integrate them into your overall plan. Coaching provides you with the support you need to succeed by having a partner in the process who is on your side.
Having a coach focuses your attention; it clarifies your goals and encourages you to aim higher. You have fewer frustrations. A coach will challenge you to eliminate the distractions, the frustrations, irritations and annoyances of life.
When it comes to retirement planning, your result will be directly proportionate to the time and money you invest in it, so invest your time and money wisely and your golden years will certainly be golden! So letﾴs go do it!
“We could all use a little coaching. When you’re playing the game, it’s hard to think of everything.” Jim Rohn
By Glenn Ferguson
Glenn Ferguson is a financial planner who specializes in retirement coaching
