10 Reasons You Might Retire Poor
In his excellent recording of The Strangest Secret in 1956, Earl Nightingale tracked the fortune of some 100 individuals who started bright-eyed and busy tailed at age 25.
“By the time they are 65, only one will be rich, four will be financial independence, five will still be working, and 54 will be broke depending on others for life's necessities.”
These are alarming statistics and justifiably should provoke us to beg the question, “why are 95% of people broke at 65?”
They Never Clearly Define Financial Freedom
To attain financial freedom and avoid being poor at retirement, the passive income from your assets must be higher than or equals the income you require to fund your chosen lifestyle.
They Never Make Freedom an Absolute Must
Hope is not a strategy, and to attain financial freedom and retire rich; you need to be relentless and ruthless in the pursuit of your goals.
They are Unaware of the Power of Their Subconscious Mind
Harv Eker sums it up appropriately when he says,'” the only way to change the temperature in the room is to reset the thermostat.”
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