The Financial Planning Process: Route to Financial Independence! 

You need to think of retirement as a destination. I like to call it “The Promised Land!”

While it may seem like a magical place (with margaritas) where we dream of going (someday), it's actually going to be real. And you can't click your heels to make it appear right when you're ready to retire.

Thinking about retirement in this mystical, far-off way is common. But it's also a mistake. I want to help you demystify retirement, and think about it more practically.

5 steps to map out your retirement plan

1. Decide what you want your retirement to look like and by when (location, activities, etc). 2. Figure out how much money it will take to have that retirement (from step 1) become a reality.

3. Consider what kind of investment performance you can rely on to supercharge your savings effort, which will in turn fund your retirement days.

4. Determine how much money you need to save along the way and put it into your “supercharger-machine” to accumulate that nest egg.

5. Start tracking your finances to establish a total required ongoing income to survive the trip to retirement. Then keep “tracking” them so you stay “on track.”

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