Michael M. CPA - Founder of Prolific Pockets
How I Reduced My Time Until Retirement By 20 Years Using A Simple Investment Strategy
Are You In The 70% of People That Live Paycheck to Paycheck?
I’ve promised myself, countless times, that I was going to begin saving and investing so I could feel the freedom of no longer having to work for the rest of my life.
However, every single week, I’d look at my bank account and panic when I recognized I barely had any savings and I been living paycheck to paycheck.
Sometimes, life can be such a struggle that you prefer spending your entire paycheck on experiences and items that gives you a feeling of instant satisfaction.
But how many weeks, months, or years will you kick the can down the road? How many years will go by before you recognize that you hardly have any money saved and that you will need to work, at least, 30 years before you can even think about retiring?
And that’s not the worst-case scenario. Do you think people will consider your financial status when deciding to move forward with you in relationships? It may not be the only factor they consider, but it will be considered. And if you’re already in a relationship or marriage with children, what type of lifestyle will you be able to provide for your child and how much will they respect you for it?
Ask Yourself These Questions
Will you be able to provide for your family?
Will you be able to provide for you children?
Will you be able to provide for your parents?
Will you be able to provide for yourself if you lost your job tomorrow or went out of business?
Will you be respected by others if looked upon as someone who can’t take care of themselves or their family?
These are questions I’ve been afraid to answer, and I’ve resisted answering these questions for quite some time. But life will teach you that these questions will need to be answered. And depending on your answer will then determine what action you will take to make sure you can provide for yourself and others.
25 Years Old With No Savings Or Plan For Building Wealth
I was 25 years old and had recently passed the Certified Public Accounting Exam. I was working for one of the largest accounting firms in the world. But instead of investing or saving, I told myself that I was young, and I had my entire life to save and invest. I told myself I was going to be wealthy, so I didn’t need to save.
Also, I grew up in a neighborhood where success was defined my cars, clothes, and all the glamour you could afford. So instead of investing, I spent. I was a consumer. I was not an investor.
And that cycle continued for years, until I hated my job so much that I decided to quit and go back to my mother’s house. It may have been an impulsive decision, but I’m glad I did it.
You see, I didn’t hate the job as much as I hated the feeling of needing to work because I was trying to prevent being homeless. I felt obligated to be at work instead of wanting to be at work. And when you feel obligated to do something, you become resentful.
Feeling obligated to be somewhere takes away from our ultimate goal; and that’s freedom
But how much clarity would you have if you had a plan to become wealthy and potentially earn millions of dollars in the future? Wouldn’t work or your business be so much more enjoyable if you didn’t feel obligated to be there?
Wouldn’t you have so much more confidence if you knew that you could provide for yourself and any significant other that walks into your life. And you never know when their going to show up. But you’re better off being prepared when opportunity approaches.
Why Does It Take 40 Years To Retire?
My goal from that point was to create a plan that would not only allow me to build wealth, but do it in half the time it normally takes to become wealthy from investing.
So, I quit. I quit in order to get my mind in the right space. No other job lined up. Only myself, about $4,000 in my bank account, which is barely anything in New York, and my mother’s home.
I started off by thinking what is the traditional approach used to become Wealthy. Well, it looks something like this:
- Find a job or start a business to earn a living.
2. Open a retirement account for yourself or participate in your employer’s plan usually through a 401K account
3. While earning that living, set aside some of your pay to contribute to your investment account. Keep in mind, normally the person that contributes has no idea what they’re contributing to. They just hope to see their balance increase year over year
4. Receive an annual statement of how your account performed for the year while ignoring all the fees paid and the details that led to your account balance increasing and decreasing.
And the company that’s investing your money will believe they did the best job possible if they can get you an 8 – 10% return on investment annually. For example, if they can make you $80 to $100 by investing $1,000 of your money, they’ll be satisfied.
And that’s exactly why it takes approximately 30 – 40 years to retire. Because the people investing your money aim for average returns. And average returns lead to working for 30-40 years before you can retire or reach financial freedom.
The Secret of Compound Interest Making Millions
However, these people that are investing for you are doing one thing right: and that’s the use of compounding interest. If you’re not familiar with compound interest, Compound interest is when the interest one earns on an initial balance is reinvested and generates additional interest.
Warren Buffett, whose fortune is more than $100 billion — said that compound interest is an investor's best friend and compared building wealth through interest to rolling a snowball down a hill. “Start early,” Buffett said.
Albert Einstein once described compound interest as the “eighth wonder of the world,” saying, “he who understands it, earns it; he who doesn't, pays for it.”
Speed Up Retirement By 20 Years
So my question is, if it takes 30-40 years to retire earning an average return of 8-10% annually, what happens if I could earn 20% - 40% returns on my investment annually? Then the time until retirement should be cut in half, right?
And that’s exactly what I figured out. It took a couple years of research and experience to figure this out. But I developed a strategy that earns me 20% - 40% returns on my investments annually, which will cut my time until retirement in half. That means you could be 40 or 50 years old with minimal savings and still have the opportunity reach financial freedom. An opportunity to provide for yourself and family.
Over the past year alone, I’ve been able to earn double the average return on investment. But how am I able to do this? Well, I don’t follow the traditional strategies because that will lead to traditional, average returns that lead to working 30-40 years.
A Simple Strategy That Only Requires 1 Hour Per Month
I mainly invest in option contracts. An option contract is a contract that allows the buyer of the contract to either buy or sell certain stock or index, like the S&P 500, for a set price for a set amount of time, regardless of what the actual prices of the stock or index is currently at.
Please don’t worry about the details of option contracts right now. I want you to understand that there is a method available to earn more than the average returns on investments that can lead to you retiring in half the time and learning how to earn income on your own without having to feel obligated to be at work for the rest of your life, which leads me to my next point.
I’ve decided to share the strategy I discovered through an online course. I will teach you everything you need to know about how to aim for more than double the average return on your investments using option contracts so that you will have the ability to retire in half the time.
So that you have a chance at providing for yourself, your significant other, and your family.
But that’s not all because I want to do more. The only thing that separates you from wealth is always access to information and taking action.
I grew up in Bronx, NY. Not the best neighborhood and one thing I noticed was the cycle that people were stuck in that prevents them from investing and building wealth. The cycle that keeps people living paycheck to paycheck.
So in addition to teaching you how to invest in options, I am going to lay a strong foundation by helping you change your perspective on investing and showing you how to create a budget that allows use to free up the money you need to begin building wealth.
LIMITED TIME ONLY
Now, a course comparable to what I’m offering usually will cost thousands of dollars. The logic is easy to understand. Most people will happily spend thousands of dollars for a strategy that will help them accumulate hundreds of thousands of dollars and even millions.
But as I mentioned earlier, my goal is to break the cycle. And the more affordable I can make my course, the more people there are to contribute to breaking the cycle of living paycheck to paycheck.
So, for a limited time, I’m going to offer my course half the price. 50% off my list price, for this month only. In addition, I’ll give you the option to cancel for a full refund for the first 7 days and still give you access to the first 4 modules of my course.
All you have to do is click the link below and provide me with your name, number, and email address at checkout. You’ll also be able to see all the topics included in my course before you decide to take action that will allow you to begin obtaining financial freedom.
When I was living paycheck to paycheck, I promised myself constantly I would start building wealth tomorrow. I ended up promising myself this for years. Don’t make the same mistake I did. Start early. Life is long and if you fail to plan, you plan to fail.