Financial Independence in Retirement

Retirement Readings

January 2019
Financial Independence in Retirement


How Many People Are Financially Independent During Retirement?

Most people want to be financially independent during their retirement years. Government statistics, however, tell a different story.

According to the Social Security Administration, of people age 65 and older:

  • 34.0% have incomes under $20,000
  • 26.5% have incomes from $20,000 to $40,000
  • 20.7% have incomes from $40,000 to $75,000
  • Only 18.8% have incomes in excess of $75,000

Source:  Social Social Administration, Office of Policy, Income of the Population 55 or Older, 2014, released April 2016Which group will you be in?

The secret to financial independence at retirement is to commit to a plan today, while you’re working and earning an income, a portion of which can be saved for your future financial security!

from the Masters…


by Brian Tracy


One of the greatest success principles of all is called the Law of Accumulation. This law says that everything great and worthwhile in human life is an accumulation of hundreds and sometimes thousands of tiny efforts and sacrifices that nobody ever sees or appreciates. It says that everything accumulates over time. That you have to put in many, many, many tiny efforts that nobody sees or appreciates before you achieve anything worthwhile. It’s like a snowball. A snowball starts very small, but it grows as it adds millions and millions of tiny snowflakes and continues to grow as it gathers momentum.


There are three areas where the law of accumulation is important. The first is in the area of knowledge. Your body of knowledge is a result of hundreds, perhaps thousands, of small pieces of information.

Any person with a large knowledge base has spent thousands of hours building that knowledge base one piece at a time. And what you see when you meet the individual is an expert in his or her field, with that high level of knowledge that makes him very valuable in the marketplace.


The second area where the Law of accumulation works is with regard to money. Every large fortune is an accumulation of hundreds and thousands of small amounts of money, and the place to start is to take any amount of money that you can right now and begin to save it. When you begin to save money, it sets up a force field of energy and it triggers the law of attraction. As a result you begin to attract to you even more bits of money to add to your savings.


And I’ve spoken to many, many successful people and they’ve told me the same story. That as soon as you start to put savings aside, it starts to attract into your life and into your work all the money that you need to achieve your goals. The reason why most people retire poor is they never put the initial savings aside to start with.


The third area where the law of accumulation applies is in the area of experience. You’ll find that successful people in any field are those who have far more experience in that field than the average. And there is nothing that replaces experience. Whether it’s in business or entrepreneurship or management or parenting or selling or anything else. Many people do not take the risks that are necessary to move out of their comfort zone because they’re afraid it won’t work out.


But the fact is that until you move out of the comfort zone and get the experience from making the mistakes, it’s not possible for you to grow and become capable of earning the kind of money that you desire. Now here’s the key to the law of accumulation. It says that everything counts. Everything that you do counts. The biggest mistake that people make is they think that only what they want to count, counts. That when you read a book, when you listen to an audio program, when you go to a course, when you go to bed early and you get up early and you work, it all counts. And it’s all going on the plus side of your ledger.


But when you watch television, waste time, hang out, fool around and so on, all of that counts, as well, and it’s going on the negative side. A person who has a great life, by the law of accumulation, is a person who’s accumulated far more credits on the credit side than debits on the debit side. And here’s an important point. If what you are doing is not moving you towards your goals, then it’s moving you away from your goals. Nothing is neutral. Everything that you’re doing is either moving you toward the things that you want to accomplish in life, the person you want to be, the wealth you want to accumulate, or it’s moving you away. Everything counts. The law of accumulation says that everything counts.


First, begin today to build your knowledge base in the subject that can be most helpful to you in achieving financial independence. Whether it takes a week, a month or a year to become thoroughly knowledgeable, it doesn’t matter. Just get started today. Second, get as much experience as you can in your chosen field. Start a little earlier, work a little harder and stay a little later. Take risks and try every different way you can think of to achieve your goal. This experience is invaluable and it accumulates over time.


Brought to you by:

Mr. Joseph J.A. Quijano, FIC, CFP, CDFA

Become the Banker/ Eagle Education
6860 S Yosemite Ct
Suite 2000
Centennial, CO 80112
Email Me /

About our firm:

Become the Banker is a powerful consumer-driven financial strategy that can help anyone achieve financial security. It offers a guaranteed, respectable and tax-deferred rate of return. It can be used to design a tax-free retirement income stream, fund a college education and take advantages of opportunities as well as for protection against emergencies. Our financial school, Eagle Education since 1990 has been teaching CPA’s, CFP,s Financial Advisers and insurance professionals their state required education to keep their licenses active. Courses include: Financial Plng, Retirement Plng, Life Insurance, Estate Plang, Become the Banker, Property and Casualty and many more Consumer classes are available through our company Smart Money Move

from the Masters…

On Universal Truth

“Sincerity is not a test of truth. We must not make this mistake: He must be right; he’s so sincere. Because, it is possible to be sincerely wrong. We can only judge truth by truth and sincerity by sincerity.”

— Jim Rohn

“Successful, happy people live their lives in accordance with natural laws.”

— Brian Tracy

“If you would be a real seeker after truth, it is necessary that at least once in your life you doubt, as far as possible, all things.”

— Rene Descartes

On Commitment

“If you don’t invest very much, then defeat doesn’t hurt very much and winning is not very exciting.”

— Dick Vermeil

“You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.”

— Dale Carnegie

“A decision is made with the brain. A commitment is made with the heart. Therefore, a commitment is much deeper and more binding than a decision.”

— Nido Qubein


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