It is much easier to be secure in retirement than most people think.

The majority relies on a retirement plan where all the money has been invested in the stock market, through Mutual Funds, bonds or other portfolio assets, which is great, but with all of us Baby Boomers soon starting to take our money out, several predict the market will really go down; maybe even crash (again) and the security will disappear.

Others rely strictly on Social Security. This is probably the surest way to stay poor through retirement. Social Security Payments, from the very beginning, was meant for a supplement, not for an income to sustain our lifestyle…
So, what do we do? - We create Wealth !

But, what is Wealth ?

Most think this is a rather simple question; “ What is Wealth indeed? If your goal is to become wealthy at some point, it is important to be clear on this. Most define Wealth as money. By their definition, a certain amount of dollars would make you wealthy. In reality, Wealth isn't really about money; it's all about TIME .

So, what is it?

From the geodesic dome inventor, Buckminster Fuller, Wealth is “the number of days forward you can survive without physically working and still maintain your standard of living.”

For instance, if you'd have in the bank $30,000 and your monthly expenses are of $10,000; then, you could say that your Wealth is equal to $30,000/$10,000, or 3 months. In other words, you are 3 months wealthy. If with the same amount of savings, but with your monthly expenses now at $3,000 a month, then you'd be $30,000/$3,000, or 10 months wealthy. So, if you'd stop exchanging your precious time for money today, you could survive for 3 months, or for 10 months depending on the amount of money needed to sustain your actual lifestyle. Still pretty dependent on the income from your work! Said differently, if one has no savings, and must work to pay all expenses, he has “No Wealth!”

Then, how many months of surviving without working would make you wealthy? The secret of the rich is AN INFINITE NUMBER . The key is to have your money working for you instead of you working for it.

With enough monthly income from sources other than your work to meet your monthly expenses and maintain your actual lifestyle, by the above definition, you no longer HAVE TO work ! And you don't have to wait until you are too old to really live life.

“ What would an extra 5, 10, or 15 years of youth be worth to you?”

From Antoine R. Albert MD
http://www.lecoach4u.com