Arvin Ash

Investing for Retirement - How to make $1000 a month (2019x10)

Udgivelsesdato: Feb 27, 2019

Investing for retirement. How to make a steady income of $1000/month. I want to share what I think would be a good strategy for someone who wants to retire early, or anyone who just wants make a steady monthly income from their investments. Let’s work with some numbers. The average retirement savings for someone 55 and above in the United states is about $185,000. Is there a way you can put this money to work such that you can get $1000/month or $12,000 per year of steady income for the rest of your life, without touching the principle? The good news is yes you can!! But you have to do it in a smart way so as to minimize the risks. And definitely avoid some investments that are pretty much scams. I am going to show you a way you can do this and minimize risk…coming up right now! In order to generate $1000/month from $185,000 – you have to get a return of 6.5% per year ($12,000/$185,000=6.47%) How is such a high return of 6.5% possible when the best interest rate you can get from savings at banks is closer to 2%. There are ways, but you have to be willing to take on additional risk. Smart risk. When I say “risk” I don’t mean risk like gambling your money at a Casino, where you can and you will lose all your money. By “risk” I mean the risk of losing some of your principle, on paper, because it can sometimes decline in value due to market fluctuations. You see, when you invest your money in a savings account at a bank, or money market, one of guarantees you get is that your principle of $185,000 will never go down in value. This is called “safety” which is short for “safety of principle.” Your principle of $185,000 is safe in value. The price you pay for this safety is low returns. In order to get a significantly higher rate of return like 6.5% instead of 2%, the compromise you have to be willing to make is to forgo this 100% safety of principle. You have to be willing to let your $185,000 fluctuate in market value