Barron’s recently published an article highlighting what the average retiree spends each month.
Here’s what I found in the article:
“According to the latest Bureau of Labor Statistics data, which is based upon 2016 figures, “older households” – defined as those run by someone 65 and older – spend an average of $45,756 a year, or roughly $3,800 a month. That’s about $1,000 less than the average spent by all U.S. households combined.”
This information tells us two important things:
1. The average household spends approximately $4,800 per month.
2. The average retiree spends approximately $3,800 per month.
This suggests that the average household could completely cover their living expenses simply by creating $4,800 of monthly positive cashflow. It also suggests that as you age, you may need less monthly cashflow to “retire” from work.
Is it hard to create $4,800 of monthly positive cashflow?
Your answer to this one question literally dictates what you’re able to accomplish. If your answer is – “YES, it’s very hard to create $4,800 of monthly cashflow!” – you’ll never create it. However, if your answer is – “NOT A PROBLEM, I can create that in just a few months!” – you’ll simply rock-n-roll.
In life, we get what we believe. It’s the “placebo effect” operating in every area of our lives, not just with sugar pills.
To change how you think about this, you have to shift your perspective. You have to “see” things differently.
If someone else can systematically create thousands of dollars of monthly cashflow, why can’t you?
Let’s take it one step further….if someone with less money, less experience, and less knowledge can create thousands of dollars of monthly cashflow, why can’t you? Finally, if someone who is older and slower than you, who has a horrible credit score (I’m talking about myself here!) can create thousands of monthly cashflow, why can’t you?
Three quick examples from my world:
1. Ben Sweet is Cashflownaire Member, who took my course on investing in mobile homes. Within the first 12-months of working with me to invest in mobile homes, he has created approximately $5,000 of monthly cashflow. In fact, here’s part of an email he sent me back in October:
2. Bart Vickrey is an Assetnaire Member, who is working with me to build a membership business. He started marketing his membership as I instructed and added 32 new members in just 23 days to his membership. I don’t know what his membership price is but I have to estimate that he easily created an extra 12k of annual cashflow in just one month.
3. One email subscriber shared that he simply bought four single-family homes for cash using his retirement savings. The monthly income from just these four homes completely covers his living expenses. He “retired” early and can spend his time as he wishes.
These three individuals certainly do not think it’s hard to create monthly cashflow. They have a completely different perspective about all of this stuff, which they use to make massive progress within a short period of time.
I’m sharing all of this because many people I talk with have a limited perspective on what’s actually possible. They seem to think that it will takes years to accomplish their goals, when they may be able to actually do it in just a few months.
To make a significant change in your life, you really have to go to work on your perspective. You’ve got to learn to see things differently than you do currently. Once you’re able to shift your perception on what’s actually possible, everything will open up for you.
And as you might imagine, you can start working on your cashflow perspective as a new Cashflownaire Member! 🙂
This is actually what we work on inside the November Newsletter…. how to create cashflow without having to invest a ton of money. And you’ll also see how to increase your annual ROI to compound your returns so that you can retire early.
Please note this is your last chance to get the November Cashflownaire Newsletter, as I’ll be releasing the December Newsletter this week. By joining today, you’ll get everything for both November and December this week!
P.S. There’s a fascinating book you might read titled, “Cure: A Journey into the Science of Mind Over Body” that digs into the power of the placebo effect. As you learn more about it, you’ll start to see how you can use the placebo effect to your advantage in many areas of your life. It doesn’t just pertain to medications or medical treatments. It applies to EVERYTHING!