Wealth Habits

CHAPTER 16Give Yourself the Opportunity to Retire Early—and Rich

Do you remember the reason most businesses fail? Lack of planning.

Do you know the reason most people fail to retire at the wealth level they want—or even retire at all? Lack of planning.

Very few people get in cars and just start driving with no idea where they're going or how they're going to get there.

Yet most people think they're going to retire successfully—without having a plan for how they're going to get there!

Just like you need a plan if you're going to start a business, and just like you need a map if you're going to drive on a long trip to a place you've never been, this chapter will help you create the plan and map to your own retirement.

Most people assume planning for retirement is complicated and difficult, and perhaps that's because some financial planners and other professionals in the field talk over our heads in complex terms, which makes you rely on them—and of course they're compensated for your reliance.

But the fact is, if you keep it simple and learn just a few fundamentals, this book pays for itself 100 times over.

Retirement Plans for Business Owners

If you haven't already figured it out, I want you to become as wealthy as you desire and I want the IRS to get as little of your money as possible.

One of the great advantages of being a business owner is that you can use business retirement plans to keep more money away from the IRS than a regular employee can.

I want to cover five ...