In Show 110 – Fast Fix Monday – 3 tips for Setting Yourself for Retirement originally broadcast on Facebook Live on Monday 16 July 2018.
Today on Fast Fix Monday we’re going to share the top three tips for setting yourself up for retirement.
1. Increase your profits and personal wealth
This might sound obvious but not enough people are thinking about this. How much money do you need to retire? Figure out that number and work to achieve it.
2. Keep your lifestyle in check
Whenever your income increases your expenses seem to increase as well. Take care to keep your purchases in check. Follow the 24/7 rule. Wait 24 hours for small purchases and 7 days for big ticket items.
3. Create a money plan to save
Some people think that saving 10-15% of their income will be enough but it often isn’t. You’ll be amazed at how quickly your money will grow if you do this diligently.
More about this Show
We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms. Most importantly we want to help you to develop a plan to take your business successfully into the future. There’s a startling statistic the underscores the importance of developing a solid plan. The majority of business owners are just seven months away from losing everything. A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly. Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients. We want to close that gap once and for all. We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.
Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV. We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with. Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.