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The Joy of Being Debt-Free

Copyright (c) 2009-2023

Being debt-free! What would that mean for your life? It could mean the difference between a good retirement and a great retirement leading to more freedom to have the things you want. Gaining prosperity will no longer be incredible to you - it will simply be who you are.

There are three basic scenarios people find themselves in. Each scenario describes the differences in financial viewpoints. Universally, all potential retirees share the same need to learn how to increase their resources and decrease their liabilities. You will have the luxury to create a plan that will give you significant knowledge of your debt, opportunities to develop discretionary income and a strong focus on your financial goals.

In the first Scenario if you are in your 20's or 30's and more than 40 years away from retirement, accumulating money is only one aspect of your achievement. Controlling debt is the other side of the coin.

You have to understand that retirement is your own responsibility, learn that your youth assures you the benefit of time to double or triple the money you save and realize you have the awesome capacity to stay out of debt and achieve the success of amassing wealth.

In the second Scenario retirement is viewed as a continuum; a circle that includes saving money, controlling debt, and preparing for the future. If you are, 40 and looking forward to retirement in 20 years there are fewer pensions to rely upon. Therefore contributions to 401(k)'s, IRA's, etc. become your lifeline to retirement requiring the understanding of propelling yourself into a mode for accumulation of capital. Secondly, consider how obligations have made it difficult to find the discretionary income you need to fund retirement and thirdly, that you are still in a great position to double your pre-tax savings and achieve your goals.

Retirement from the perspective of our forefathers was seen as an ending. Very rarely did men go back to work. If you are 65, retired or very close to retirement, you will remember your dads and grandfathers leaving their jobs with their pensions and/or social security intact. Today we need new strategies.

To live your dream of retirement you want to realize the many opportunities you still have to increase your retirement wealth. Consider a fiscal review to adjust your investments, your budget and your debt and you will have the income you need for the next 25 or 30 years of your life.

Ultimately, you will give yourself the major attribute of fiscally successful men and women, your ability to stay out of debt.


About The Author: Shop Amazon - Top Gift Ideas
Irene A. Majchrzak helps people retire debt-free with a sense of well-being and the freedom to have the things they want. Get her free ebook, Debt Free to Retire, by going to http://debtfreetoretire.com

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Top-Level Category: Finance Articles || Related Categories: Family Articles and Self Improvement Articles

10 Most Recent Articles Written by Irene A. Majchrzak

Understanding Your 401(k), IRA and Other Pre-Tax Investments
Written by: Irene A. Majchrzak | Distributed: 2010-08-03 | Word Count: 1005 | Page Views: 5242 | Votes: 3 | Rating: 2.00
What does all of the bad economic news mean to you, the average investor. Well, if you are still working and contributing to your pre-tax 401(k)'s, 403(b)'s, or IRA savings your strategies for salvaging your retirement will include reviewing all of the investment options found in your 401(k), etc.

Stock Market Falls Sharply
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The Decline and Fall of the Retirement Empire
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The Effect of Inflation and Deflation on Retirees
Written by: Irene A. Majchrzak | Distributed: 2009-10-27 | Word Count: 1324 | Page Views: 6760 | Votes: 7 | Rating: 0.86
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Taking Advantage of the Stock Market
Written by: Irene A. Majchrzak | Distributed: 2009-07-09 | Word Count: 738 | Page Views: 4867 | Votes: 13 | Rating: 2.46
Is the market rebounding? The Dow, leveling out each week because it gets a rise in the market one day and a pullback the next day, comes from investors' taking their profits. This will probably continue for a year or so until the really large investors such as Hedge Fund Managers, Institutional Investors like Mutual Fund and 401(k) managers start purchasing the really great stocks at lower prices for the longer term. You may have questions... This article will show you how you can take advantage of the current stock market conditions...

Protection of Your Hard-Earned Retirement
Written by: Irene A. Majchrzak | Distributed: 2009-07-07 | Word Count: 872 | Page Views: 4130 | Votes: 15 | Rating: 2.20
Many articles discuss debt, what it is, how to get out and stay out, how to learn to spend cash instead of using credit cards and how to give up the bad debt habits developed over a lifetime. More articles discuss your retirement accounts, what the mutual funds really look like internally, how to choose investments based on your tolerance for risk and different strategies for investing in today's economy. What is only lightly touched on is protection of your lifestyle today and in Retirement, which is what you will discover in this article...

Debt, America's Greatest Failure at All Levels of Society
Written by: Irene A. Majchrzak | Distributed: 2009-04-21 | Word Count: 775 | Page Views: 4477 | Votes: 4 | Rating: 1.75
The truth is debt management cannot start early enough. When your debt is minimal, for needs only, you can stop the bleeding from your bank account and investments by buying less. Begin to learn how your buying and spending habits contribute to your debt. Uncontrolled Debt has the most disastrous effect on your lifestyle and retirement.

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Article Statistics
Word Count: 429

Total Views: 5995

Article Rating: 2.55 of 5
Votes Cast: 11

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Last Distribution Date:
2009-04-16 13:12:00

Internal ID: #6690





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