Are you one of those people? One of those people that have been paying into your retirement fund, diligently, year after year, basically just “hoping” that, when it comes down to it, you will have the ample assets necessary to sustain your comfortable lifestyle for the rest of your life? Do you have the necessary assets (stocks, annuities, life insurance, bonds, cash, etc.) to meet, maintain and ultimately sustain your lifetime’s financial goals?
3 Key Factors to Making Sure Your Retirement Fund Is Ample Enough to Last
There are 3 key concepts to making sure your retirement fund is ample. And like most answers to life’s great mysteries, the key factors are nothing that going to surprise you very much. They are, in order of importance:
- The level of your discipline;
- The level of your action;
- The level of your luck;
And let me assure you that no matter what any of the world’s most self-glorified “financial geniuses” tell you, these primary 3 factors CANNOT be denied. Let’s take a closer look at each of them:
Key Factor #1: Your Level of discipline:
If you want to retire, and never have to lift a finger again in the ways of labor, then you are going to have to begin getting DISCIPLINED about your life. You have long term retirement goals, right? You want the lifestyle of a woman or man who has dedicated the proper actions, no matter how arduous at times, to developing your cash savings, and other assets, to the point where you can marginally feel safe to call yourself a potential “retiree”.
If you TRULY desire to be that, a financially comfortable retiree, then you’re going to have to buckle down now. Try these:
- Save more;
- Spend less;
- Enjoy less often;
- Suffer (with acceptance) intentionally;
The bottom line is, for most humans whom are not already loaded with assets: you have to go through hell to get to heaven.
Key Factor #2: Your level of action:
You have to be active, in life, if you ever truly expect good things to come your way. It doesn’t happen, very often at least, that people have wealth “due”. You, like most of the rest, will have to sacrifice, plan, work, sweat, bleed and lay awake a lot to make your retirement dreams come true.
So, Get To Work Right Now On That! (for best results anyway)
Key Concept #3: Your level of luck:
It seems to be a fact of life that some suffer and some prosper. And sometimes, the suffers should receive and the receivers should suffer. Facts of life. So, whenever you take your asset allocation standards and work them, when you rebalance your retirement fund portfolio periodically, you need to remember that, as much as you think you have the ultimate plan: Life Happens.
You will win when you should lose – and you will lose when you should win. Point? There are no ultimatums that stick in the financial investment realm. You, like the rest of us, want to experience profitable gains on every single investment you make. And you, too, will probably not see that as often as you desire. While others do. Call it what you will, but luck matters.
If you want to make sure that you develop ample fundage for your retirement, then get serious about that now. Save some of that party spirit for your elder years. Save some of the good times for later by sacrificing them now.
Simply begin to save some of your money.