Preparing for retirement is not Enough! Know the 4 stages in life that needs preparation!

We have to prepare for our present needs. I am not talking about just getting a job, I am talking about building your wealth now so that you can enjoy it. You can use these for your marriage, children's education, comfort, luxury, you name it. HOW? By doing business! You cannot just invest in the stock market or mutual funds and expect to enjoy it few years after, these are meant to be long term and 5 or 10 years is not long enough. 

Build your wealth NOW by doing business, you can do buy and sell, open a restaurant, be a free lance writer, photographer, do what you love that will earn you money, turn it into a business and start building your wealth now! My personal recommendation is becoming an IMG broker, you get to deal with financial products from mutual funds to insurance to real estate. It is easy to start and you can work on your free time!

Otherwise known as our retirement. While we can still earn money and work, save up some of the money earned and put it in the stock market or mutual fund.  

Please, do not expect your children to support you when we retire. I am not being mean but what I am trying to say is that our children soon will have their own life and family. Let them enjoy their lives and let them live it. Imagine if you have a lot of money for retirement, you could travel the world and even treat your children. :)

My personal recommendation would be the mutual funds, high in return and saves you the time and hassle in trading. Experts in this field will be the one actually doing that for you. You just sit back and relax while you earn money. 

PASSING

Everyone will eventually enter this stage whether we like it or not. Let us not burden our family members with this by investing for this. There are life plans out there that would cater to this but I have something better. Instead of buying the Life Plan, invest it in the Bond Fund. Why? Bond Funds would normally earn around 2% to 8% a year. Let us say that you invest 1000 Pesos every month for this and the bond fund would earn at least 4% on average per year. After 35 years you will have 913 thousand! Not bad.

With that money, I am sure that we can buy a better coffin and have a better resting place.

AFTER LIFE

Our preparation does not stop at the PASSING. After we pass away, we still have family members left behind. Our children, their children and their children's children. The generation goes on. Our job while we are still alive is to create wealth, wealth that would last even if we are gone so that we could pass this to our loved ones. Don't be selfish, let your next generation enjoy a good life too! :)

God bless you!

PS: Interested in investing? Learn it first and if you have time, you may attend the Wealth Academy Series where you would learn about investments. You may register here.

Image belongs to dawningsun from http://www.deviantart.com/art/Life-Stages-169407062