Sunday, October 19, 2008

The Secret of Successful Financial Planning for Retirement

By William Blake

Many people today live to work and when their working years are over the loose all purpose in life and die shortly thereafter. How much better it would be if their plan for the future had taken into account a meaningful life in retirement.

Financial planning should be based on your life goals. It is important to focus on what you really want to get out of life and decide how you can attain it.

The purpose or goal that you hope to achieve will keep you focused and help you stick to your financial plan. No matter what your status in life - if you come from a family with money and will benefit from a large inheritance one day or if your family has nothing and you work hard every day to get by deciding what you want to get out of life will help you establish your own financial plan and happily stick with it.

History has proven that the love of money and material wealth and the constant striving after that shatters lives. It definitely gives no one a purpose for living.

There are some extremely wealthy people whose main goal was not to simply make lots of money. Bill Gates, for example, has shown that his goal is to make a difference in the world around him. That purpose has made him successful and he enjoys his success because the focus for him was not only to attain wealth.

We must acknowledge that millions benefit when wealthy people are motivated to use their millions or billions to help others. We cannot deny the positive impact that has on the world.

It is great to love your career and enjoy your work. It is equally important to be able to look beyond that and have aspirations that go right into retirement.

If you haven't discovered your purpose in life, make that your No. 1 priority today. When you have a clear vision of where you want to go, it's easier to plan how you're going to get there. - 15224

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