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Chris Hogan is America’s voice on retirement. He helps spread Dave’s message of financial hope to audiences everywhere. An engaging and humorous speaker, Chris is an expert on subjects like mortgages, healthcare and investing. He knows how money works, and he has a passion for helping families prepare for retirement. Chris has become a sought-after speaker who loves to challenge, empower and inspire audiences. His new book, Retire Inspired: It’s Not an Age; It’s a Financial Number hits shelves in January. Here is an excerpt from Chapter One of his upcoming book.
Retirement is a new chapter in your life—some of your best years. It brings new opportunities. It’s about building your legacy. Retirement should mean peace, fun, satisfaction, security, and freedom. It shouldn’t be defined any longer as an “old person thing.” It’s a smart person thing. So what are some fundamentals of retirement? Here are five elements you need to follow.
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Fundamental #1: Dreaming
Dreaming is an action, and it means that you must be able to see your retirement dreams clearly and that you need to own them. Dreaming is the process of discovering (or recovering) the things you have always wanted to do. It is the want-tos of your life [instead of the have-tos]. You need to remind yourself of your dream each and every day.
Fundamental #2: Planning
Planning is the strategic process of figuring out how to achieve your goals. If you’re married, this means that you and your spouse will get on the same page with plenty of discussion and scheduled meetings! If you’re single, it means finding an accountability partner who can hold your feet to the fire. Planning is the process where you connect your actions to your goals.
Fundamental #3: Execution
Execution means taking the right steps at the right time. It’s investing, budgeting, avoiding debt, working with your dream team, communicating with your family, maintaining healthy relationships, and yes, even continuing to dream (because your dream will evolve). You’re following through with a plan that is proven to work, and you understand that your actions matter and that focused attention brings results . . . turning your dreams into reality.
Fundamental #4: Commitment
Commitment begins with the understanding that while this dream begins with you, it’s not just about you. Commitment means embracing the sacrifices necessary to get you to your dream. It’s the pledge to your spouse, your family, your community, your children, and your grandchildren (whom you may have not even met yet)! Commitment is the understanding that your health, wealth, work, and relationships are a blessing.
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Fundamental #5: Vigilance
Vigilance means knowing that “stupid” is always lurking around the corner. It is the admission that someone is always trying to sell you something you really don’t need. It is watching out for people trying to get you to invest in a risky, once-in-a-lifetime opportunity that will most likely leave you broke and embarrassed. . . . It means you’re going to ignore the Joneses and understand that the temptation for pretending to be rich (even when you’re not) is always present. It means that you will protect your retirement dreams and that you will stay focused on preserving the blessings of the legacy you will leave.
If you continue to stay on top of those five fundamentals, you’ll be way ahead of the game with retirement.
Order your copy of Retire Inspired today!