Get the Summary of Emily Guy Birken's The 5 Years Before You Retire Updated Edition in 20 minutes. Please note: This is a summary & not the original book. "The 5 Years Before You Retire Updated Edition" by Emily Guy Birken provides a comprehensive guide to financial preparation for retirement. It emphasizes the importance of personal savings and investment in the absence of traditional pensions, with 401(k) plans being the primary retirement vehicle...

Pinching pennies and living life cheaply can do more damage than good. Protecting your money at all costs prevents you from learning how to create money. The true path to wealth is having your money make money. Trying to save a couple of pennies on each transaction only leads to hate and discontent. Even if a cheap person amasses a vast fortune, they will hesitate actually to spend the money. Remember that they have lived their entire lives cheaply....

Would you buy a $25 gift card for $20? The magic would be when you redeem it for $25. What if you could receive dividends before you redeemed the gift card at a profit? That's the magic of preferred shares. The typical par value of a preferred share is $25. You can find them at great prices like $18, $19, and $20. Once you purchase them below par, you will start to receive dividends. Once the company decides to call the preferred share, it will pay...

En la encrucijada de nuestras vidas, todos anhelamos un propósito más elevado: la prosperidad. Pero, ¿qué significa realmente prosperar? ¿Es simplemente acumular riqueza material, o va más allá, abrazando el amor y la armonía familiar?En "El Camino hacia la Prosperidad: Hábitos para una Vida Plena en Familia, Finanzas y Amor", exploraremos cómo pequeños actos diarios pueden transformar nuestra existencia en formas asombrosas. La prosperidad...

Personal finances are like a journey: they require direction, planning, and solid habits to get where we want to go. In this book, we will explore a series of powerful habits that will not only improve your finances but also make you a more skilled and conscious investor.From discipline in spending to smart financial automation, each habit presented here has been carefully selected to provide you with practical tools that will transform your relationship...

At the crossroads of our lives, we all yearn for a higher purpose: prosperity. But what does thriving truly mean? Is it simply about accumulating material wealth, or does it go beyond, embracing love and family harmony?In "The Path to Prosperity: Habits for a Fulfilling Life in Family, Finances, and Love," we will explore how small daily acts can transform our existence in remarkable ways. Prosperity is not a distant destination, but a journey that...

Life is good as an income investor. Not because you have tons of money coming via dividends, although that is nice. No, the real reason is that you have options. It gives you leverage when you have $1,000+ coming, regardless of your employment situation. Most people don't want to retire early truly; they want to find and execute meaningful work. Your income portfolio allows you to take your paycheck wherever you travel. Now you can work the job of...

You have a lot going for you in your 20s-mainly the ability to work extremely hard and recover quickly. However, you also must overcome natural urges from your hormones and school programming. If you can build an income portfolio that pays your $1,000/month in dividends, you will be free for life. Time is the critical component of compounding, and you have time on your side. Your $1,000/month income stream will turn into $11,000/month in your 40s....

Once you turn 60, you can access your taxable 401K and Roth IRA. But what the heck are you going to do with this large sum of money? Most people have analysis paralysis and run to a financial advisor. However, you are not an idiot. You saved the money; therefore, you can learn how to grow the money. The absolutely worse thing you can do is take the money out and buy a boat or car. Anything short of that is moving in the right direction. We can use...

Honest Conversations a book to help Americans have more productive conversations with their advisors to achieve financial independence. Mr. Rosenberg has been helping families and the businesses they own achieve their planning goals for over 35 years. As a product manufacturing and distribution executive, he worked directly with Portfolio Managers, Analysts, and thousands of financial planning professionals during the investment management process....