Don’t Get Shafted! Don’t Get in Trouble Man! Get Started Today and Enjoy a Superfly Retirement
If you were in high school when the Issac Hayes’ Grammy and Academy Award winning soundtrack to the movie Shaft came out in 1971 then you have 2 to 5 years until retirement.
If you were in high school when Curtis Mayfield’s soundtrack to the movie Superfly came out in 1972 you have 3 to 6 years until retirement.
- Did you know Super Fly is one of the few soundtracks to out-gross the film itself?
If you were in high school when the Marvin Gaye’s soundtrack to the movie Trouble Man came out in 1972 you have 3 to 6 years until retirement.
- If you missed anything between then and now you can catch up on “Everything you missed jammed into one album.”
Are you ready to retire? Do you have enough money to retire?
How to Calculate How Much You Need to Retire Based on the Music You Like:
Pick one of your favorite songs or albums from when you graduated (at 18) from high school. Take the year and subtract it from the current year. Add 18 to that number. Subtract that number from 65. The result of that is the number of years you have until you can retire at 65.
For example, xyz came out in 1976.
2016 – 1976 = 40
40 + 18 = 58
65 – 58 = 7
This means you have 7 years to save for retirement at 65.
Another way of calculating this is to just subtract your current age from 65.
According to investopedia.com “The estimated median savings of the average fiftysomething is about $117,000 – far shy of the desirable four -to-five times your annual salary. If you made $60,000, you should have $240,000 saved – at least.”
Let’s say you make $100,000 per year. Ideally, you should have saved $500,000 by the time you are 65.
So how much will you need to save each year to reach your goal of $500,000?
First take the amount of money you have already saved for retirement and subtract that from 500,000. The difference is the amount you have to save over the next 7 years to reach $500,000.
Let’s say you have already saved $100,000. Subtract that from $500,000 which leaves us with a $400,000 shortfall. $400,000 dived by 7 = ~$57,143.
Can you afford to save $57,000 per year for the next 7 years?
If you don’t see how you can save that amount then you’re going to have to keep working past 65. There’s nothing wrong with that but if you’re going to keep working you may as well do something you like to do.
One thing that many people have done is to turn a hobby or a skill set into an online business.
All you need to get started is a website, internet marketing training, and support.
If this is something that may be of interest to you click here for more information.
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