If You're In Your 50s or 60s... You Need To Watch This скачать в хорошем качестве

If You're In Your 50s or 60s... You Need To Watch This

Feeling like you're running out of time to secure your financial future? Don't worry; you still have time, and it's not too late to create a detailed plan and take meaningful action! Welcome to another empowering episode of the Building Your Money Machine Show. Today, we're addressing a critical situation: what to do if you're in your 50s or 60s with little to no savings. If you're feeling the pressure of wanting to slow down or retire without the financial security to do so, this episode is precisely for you. At 63 years old, I've walked this path, and I'm here to guide you through it. From maximizing your Social Security benefits to investing wisely even at this stage, we'll cover all the steps you need to create a stress-tested financial plan. I'll share personal stories and actionable advice to ensure you can enjoy a dignified, stress-free retirement. Strap in as we navigate these crucial years together, helping you turn the tide and build the future you deserve. It's never too late to take control of your financial destiny. Let's get started! ORDER MY NEW USA TODAY BESTSELLING BOOK: Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! Got to: YourMoneyMachineBook.com The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind. Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine. IN TODAY’S EPISODE, I DISCUSS: Recognizing the importance of having a financial plan Building an immediate safety net to handle life's unexpected expenses Maximizing Social Security benefits effectively Investing wisely to secure your retirement years Exploring ways to increase your income even in your later years Leveraging additional resources and stress-testing your financial plan TAKE THE FINANCIAL FREEDOM QUIZ: Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com ------------------------------------------------------------------- ★ WHO IS MEL ABRAHAM ★ ------------------------------------------------------------------- I’m a seasoned CPA turned entrepreneurial innovator and money mentor. I am the mind behind the USA Today bestseller, Building Your Money Machine: How To Get Your Money To Work Harder For You Than You Did For It!. As the founder of The Affluence Blueprint™, The Legacy Factor™, and Thoughtpreneur™ Academy, Mel has dedicated his career to empowering individuals and entrepreneurs to transform their financial destinies and craft lives of choice, not chance. The inception of Mel’s groundbreaking principles was profoundly personal as they were born out being a single full-time dad and not wanting to compromise that relationship in the name of success. The power of these principles became even more evident when he was faced with a life-threatening health diagnosis which forced him to confront his mortality and the fragility of life. This pivotal moment, coupled with the economic turmoil of the pandemic, galvanized him to distill his financial wisdom into strategies accessible to all. His books and teachings offer not just hope but real tools for building lasting wealth and impact. Now it’s your turn Meet Mel at http://melabraham.com/ Cheers, Mel ==== Time Stamps ==== 00:00 Introduction: Feeling the angst of nearing retirement with no savings? 01:13 Survey results: A stark reality—20% of adults over 50 have no retirement savings 03:02 Importance of having a plan: Discussing why you need a stress-tested financial roadmap. 04:41 Creating a plan: How a detailed plan can bring peace and a clear path forward. 05:52 Understanding your role in making your financial plan a reality. 08:25 Building a safety net 09:52 How downsizing can contribute to your financial safety net. 10:18 Maximizing Social Security 13:30 Calculate and verify your benefits using the Social Security website. 14:38 Why investing is crucial, even if you're late to the game. 16:44 Employer 401k and catch-up contributions: Take advantage of these opportunities. 18:14 Roth IRAs: The benefits of tax-free growth and why you should consider it. 19:17 Safeguarding investment 20:11 Increasing your income: Exploring additional work, freelance opportunities, and delaying retirement. 21:14 Care costs and the importance of early planning. 22:05 Stress-test your plan and consider all available options. 24:05 Conclusion: It's not too late to secure your financial future