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How To Make An Extra $1m Before You Retire

  • November 23, 2015

Do you know how much money you’ll have to live on when you retire?

Do you know how much you’ll need?

Do you care?

Newsflash: You Absolutely Should

A figure of A$1m is typically bandied around as being the amount you’ll need in your pension pot to afford to retire in the style to which you’ve become accustomed.

However, this number is much-debated with some experts judging the amount needed to be closer to $2m, reasoning that the time-resistant effects of inflation will render $1m in today’s money far less meaningful in 20 years time.

To the uninitiated and those without a Phd in Personal Finance, this can seem really daunting and with good reason; it’s freaking confusing.

If you fit into this category, then I’m going to help you out – BIG TIME. I’m going to tell you exactly how to make $1m ON TOP of your current pension plans.

How?

By simply laying out the strategies that people far smarter than you and I have developed, and condensing them into a single resource that breaks down, step-by-step, the things you need to fast-track you to a more enjoyable and stress-free retirement.

Investment Tips To Get You Rich

My Top 5 Books Of The Year

5 Books That Have Opened My Eyes This Year

I don’t know about you but I love reading and I especially love reading books.

Unfortunately I don’t spend enough of my actual reading time with a book in my hand, too often distracted by social media, newspapers and articles.

If there’s one habit or skill I need to work on, it’s getting my ‘reading books to skimming-the-internet’ ratio from a frankly terrible 40:60 to a more respectable 75:25.

Yep, it’s that bad.

If I do this I have no doubt that the effect on my intellect, my income, my vocabulary, my writing, my ability to empathise and listen will increase exponentially. All solid upside.

The fact is, most people don’t read. And if they do, they don’t read enough. If you read 20 pages of a book per day, you’ll plough through at least a book per month. This will put you ahead of 90% of the population in terms of being exposed to ideas, theories, stories and language.

Total amount of words read annually by someone who reads for 15 minutes a day: 1 million.

Source: Read Faster, Reading Stats (2014)

 

This year I’ve read somewhere in the region of half the books I should’ve. Of those that I have read, these are the ones I’ve derived the most value from – my top 5 books of year (so far).

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