Can’t wait to retire? Will you be ready? How much money will you need to live your dream-retirement? How long will it take to save enough money?
What are some tricks you can use to move you toward your goals during your working years?
Let’s get started.
- Learn how to start making your money work for you. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
- In the meantime, work extra shifts – as long as it doesn’t interfere with your family or your health. Besides the money, it looks good on your performance review.
- Keep an eye on your 403-B or 401-K’s performance and the overall health of the country’s economy. Intervene only if really necessary.
- Daily, spend time day-dreaming about your desired retirement. The more you do, the more your subconscious prompts you to move you toward your goals. Think and Grow Rich: The Landmark Bestseller – Now Revised and Updated for the 21st Century
- Buy quality, and take excellent care of your belongings to make them last longer. 925 Ideas to Help You Save Money, Get Out of Debt and Retire A Millionaire: So You Can Leave Your Mark on the World
- Advance your own physical, mental, and financial health. Don’t allow dysfunctional people to drain your hard-earned assets. Boundaries: When to Say Yes, How to Say No to Take Control of Your Life
- Give to charities according to the way God leads you. Do not be coerced.
- Whenever possible, get needed surgeries and treatments completed before you retire. That way you get paid during recovery – with FMLA and/or PTO.
- Never allow credit card debt. If you have it, get rid of it fast. Rich Dad’s Advisors®: The ABC’s of Getting Out of Debt: Turn Bad Debt into Good Debt and Bad Credit into Good Credit .
- See the post just previous to this one. Do your best. Learn about money. Diversify your investments. Never stop dreaming.
A lot of nurses worry that job-hopping (common among nurses) might hurt their retirement goals. Not as much as you might think! Just remember to always keep rolling your 403-B or 401-K over to your next job.
And if you do job-hop, you might consider travel nursing. You can even stay in your same city, the agencies offer more than all the usual benefits, and travel nursing generally pays a lot more than working for any hospital.
*****Do you want to use Dave Ramsey’s investment calculator for free? This Dave Ramsey article lets us do just that. Just go to his article and clicking the link there.
Dave Ramsey has also brilliantly written some good news about: Retirement for All Ages: A Planning Guide for Your Retirement At Any Age . He shows the steps to get you from where you are to where you want to be.
The recommendations here are from various named sources and from my experience. Verify before taking action on any of it. Hope this helps! What are some of your savings tricks?