RON, Thirty Six Percent, Twelve Months discussed on The Traders Edge Radio Show

Automatic TRANSCRIPT

Now, we work with them on strategies to really generate anywhere between you'll really one and three percent a month. Now, let's multiply that out over a year. Twelve months is about twelve to thirty six percent a year. The question is, you know, what are you doing in the markets consistently? Do you have a plan? Do you have a goal every? Single years or goal just to make money or hope when you open your entity your statement, you're in the green, you know, that's not really a plan. That's a wish and most people out there over the years. It's very difficult to wish her procrastinate your way to retirement you need to have a plan to get there. You know, Ron I know that years in the in the financial industry, you know, why don't you talk a little bit. How able to help student, you know, really plan for retirement and help them achieve. You know, the radar returns they so desperately need. Well, first of all you have to understand where you are. You know, it's kind of like going on a trip. If you don't know where you are. And you don't know where you're going to get it's going to be very difficult if not impossible to get there. So really the first step is to determine where you are. Right now. Very first thing when someone comes in as you know, let's take a look what is your. What is your biggest challenge? Where are you at right now, what is your financial situation? How does that look right now? You know, I like to call it. The lifeline whatever age you are today. That's where you are on your life line right now. And if we go back to the beginning, which was your date of birth. We have to just cross that out. There's nothing that you can do to change that. So wherever you are right now with the dollars that you have accumulated. I mean, that's it. There's nothing you can do about the past. So we can only look forward. What that lifeline is going to allow you to discover there's okay, here's where I'm at. Let's take a look at number one. Do I have enough money's coming in to live the lifestyle that I want right now, do I need to supplement the income that I have, you know, whether it's your job, whether it's your business, am I taking all the trip. So we take all the trips that we want the places that we really want to go, and I like to talk about three buckets there's the income bucket. There's the wealth bucket. And finally number three is the dream bucket. And you know, once you have enough income coming in and you start the excess income so that at the end of the month, you have more money than you have mon-. We can start then filling up the the wealth bucket, and once that wealth bucket starts filling up now we can generate an income off of some of those monies and between the the income bucket in the wealth bucket..

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