LBN : How To Make Enough Money 💰To Retire!

Published: Fri, 02/10/23

Retirement is a time to do what you want to do, when you want to do it, where you want to do it and how you want to do it...

But how?

Welcome to our Lifestyle Business Tips Newsletter designed to help you build a lifestyle business you can run from anywhere in the world and control your own economy...especially in your retirement years!

Hi Chris and Susan here...

We love Friday's as we know that the weekend is on the horizon and we've got things planned that we want to do and enjoy doing

For instance this weekend we're going to be getting packed for our trip to Spain next week for 10 days of sunshine 🌞

Also a trip across the border into Portugal to look at a house

You may recall we're moving to Portugal later this year an spent a whole month there last year on a "research" vacation in Tavira

Because it's our chosen place to "retire to"

But not retiring for real because we love doing the work that we do

We didn't get to where we are today without putting a lot of effort into our online business...

Learning new skills, getting to grips with technology, navigating social media...

And all that good stuff

So when we read a rather interesting article from our friend on Linkedin today we thought we would share with you some of his thoughts on retirement...

Specifically on making enough money to retire early

Something we know from our conversations a lot of you would like to do

Here's just a peak at some of the things he talked about

Stop seeing retirement as an age thing

He says...

Retiring early is a lifestyle.

That lifestyle isn’t funded by an employer or some generous government created by a utopian equality fantasy that doesn’t exist. No.

Assets pay for retirement

There are two types:

Financial assets — stocks, bonds, crypto, real estate, gold/silver, etc.

Digital assets — books, courses, Youtube channels, evergreen social media content, etc.

If you don’t have assets then retirement will be at 65 (at best). More likely, full retirement will be never thanks to taxes, currency devaluation, and inflation!

2. Stop working towards the wrong retirement goal

Most people’s retirement goal is to reach 65 and then retire.

It’s an odd idea with you deconstruct it.

So you work like a dog during your young years and then chillax in your older years when your body is screwed and your energy is 80% lower?

It makes no sense

Plus, working is fun if you’ve chosen the right profession but

Generally our careers don't give us that joy

The correct retirement goal is to retire as early as possible from work you hate so you can transition to work you enjoy. It’s to do work and not have to worry about how much it pays.

How?

Well, when assets make up the majority of your income, the need to get paid by the hour for work or to charge everyone you meet a fee so you can pay for rent and food becomes unnecessary.

As you will know if you are familiar with our story, we knew what we wanted from our retirement years so we took the decision to pursue our dream lifestyle in our mid 50's

We also knew we needed assets

Financial Assets & Digital Assets

So we set about creating them

Our real estate property owning didn't go exactly to plan due to the 2008 worldwide crash and we lost a fair bit but what we managed to preserve has served us well

We sold our ski chalet in France last year and still have a lovely apartment in Spain

As far as digital assets are concerned we've built those up over the years and established a strong brand

Created books, courses, loads of evergreen social media content and today have added Tik Tok channel to our digital assets...

That directly links to our health and wellness business as Susan is fronting this channel talking about Menopause

She's even been approached by a company who want her to represent their brand because they like her vibe

3. Stop thinking two weeks of vacation a year is enough

If you live in the USA that's your lot

In Australia it's 4 weeks and here in the UK it's 5 weeks

This really strikes a note with us and why we left our traditional business because quite honestly taking any kind of vacation was never a vacation

Even on a skiing holiday (our favourite type of vacation) clients would be contacting us on our mobiles when we were out on the slopes trying to enjoy ourselves!

That was not how it was meant to be

And in truth was one of the straws that broke the camel's back

The thing is we all need time to chill and reset our minds

No wonder we have a burnout epidemic

Another reason we chose to work with The Mental Wellness Company we talk so much about

Until you get angry about a few weeks of holidays a year until age 65, you won’t have the motivation or mindset to solve the money problem that causes it.

Another question which rears it's ugly head in many conversations we have around retirement - early or otherwise is

4. How do I do it when I can’t afford it?

The answer to money problems is to make more money, not cut back on expenses and try to save pennies in the dollar.

That annoyed the heck out of us when we read articles on all those retirement official websites and well known books by famous authors like Chris Hogan (Retire Inspired) and podcasts from folks like Dave Ramsey

Inflation and taxes guarantee you’ll never get ahead if you stay stuck in the doom loop of trying to save money rather than make money.

Sad to say but ...

Fixed Income = Fixed Mindset

There are many other factors but for today just know

You have the power to change

The power to create whatever you want

We did it our way and you can do it your way

But stop looking for magic solutions

There aren't any

We spent enough years wasting time looking for them

Find a company (or a program) you believe in and get to work

Learn the skills to make a success of it

And if you are just starting out on that journey then please read a post we put out just the other day on our Facebook page called

If you're struggling to find the time to build your business, try this...

Click to read

From your income producing activities invest in assets and then you will have a plan in place to retire on your terms

We truly believe you can succeed in your endeavours if you focus on the goal

One

Course

Until

Success

If you would like our simple formula just reply to this email and we can book at zoom call and set you on your way to your retirement goals once we know your intended destination

Now...

Before we go your latest weekly financial affirmation

YOUR WEEKLY FINANCIAL AFFIRMATION

Remember you're a work in progress.

Perhaps you don't yet have all that you want.

We don't for instance always reach our goals as quickly as we want but we will achieve them one day 👇👇

I am open to receiving unexpected opportunities for abundance.

I step into the unknown with deep trust.

I know that everything will work out.

I always make enlightened decisions.

I keep my money organized.

I know that anything is possible.

The world is full of possibilities.

I am unlocking my full potential for abundance.

I believe in my ability to achieve financial abundance

I will achieve success on my own terms.

This year, create a financial mantra for yourself. A mantra is a simple yet powerful phrase that guides you during the financial decision-making process

We hope you will find these of value and copy them down somewhere you can see them daily once you find one your truly believe 😀

Have a great weekend and if you need some help with anything give us a shout and we can talk

Stay healthy and enjoy every day 😀

Find out about our primary business : Click Here

Read our latest blog post : Click Here

Listen to our latest Podcast : Click Here

See Susan on Tik Tok : Click Here

20-22 Wenlock Road
London London N1 7GU
UNITED KINGDOM

Unsubscribe | Change Subscriber Options