Let’s face it: for too many people, the whole subject of finances, investment, and retirement is flat-out overwhelming…
Often, their personal finances are out of control. Too much month at the end of the money. At the very least, there’s room for improvement.
And investment? They’re convinced they just don’t have enough cash. (And in many cases, they’re absolutely correct.) And even if they did have “enough cash” to invest, what would they invest in? How do you know where to look?
Isn’t investment for super-savvy rich people with an inside track into the mysteries of the investment world?
So it’s not surprising why “retirement” can seem like a pipe dream…
“Do you have any idea how hard we’re working? And we’re barely getting by! How on earth is it even possible for any normal person to ever retire? As soon as we stop working, we’re doomed.”
So people often just decide to not even think about retirement. But that’s not such a good strategy.
It’s a Real Problem…
What’s going on here?
Well, everybody’s situation is unique ‒ but in general, the underlying issues tend to look something like this…
First, too many folks put their lifestyle first, ahead of their financial well-being.
In other words, instead of clarifying what kind of lifestyle they want and need, and then figuring out how to build an income system that will support that lifestyle on an ongoing basis, and into retirement… they just start spending the money they have now, on things that pretty much make them happy now.
That leads to the next problem: all of this spending on stuff in the here and now increases their financial liabilities.
They’re stuck with rapidly depreciating cars they can barely afford (cars are major liabilities, financially speaking). They live in a house, also a financial liability, that’s too large and way beyond their budget (if they even have an official, written budget).
They purchase and finance (via consumer debt) all manner of stuff that costs money to buy and then maintain, without giving any financial return.
The result? As their liabilities soar, their financial assets dwindle…
Their “savings” goes to car repairs (they didn’t have a separate fund set aside for this and didn’t figure maintenace as part of the cost of owning a car ‒ they only thought about their monthly payment) and other emergencies. Or food and bills.
Pretty soon, they have no savings.
In fact, it’s not too long before they realize that the only assets they have is cash in the bank. And by the time they pay the bills, there’s none left. They’re just waiting for the next paycheck to be deposited.
All of which means they have no protection against loss of income. Just one or two missed paychecks can sink the whole ship.
You can adjust the details here and there, and make allowances for different situations… but this kind of cycle pretty well captures the reality of most people’s day-to-day financial lives.
So when the subject of retirement comes up… well, it’s not exactly a comforting thought.
… With a Real Solution
You probably noticed that the real problem that started all this was… not having a plan for your financial well-being.

Ocala, a small agricultural and manufacturing center, is about halfway between Gainesville to the north and Orlando to the southeast. With its attractive tree-lined streets and Old South–style homes, it more resembles a typical Southern city than a Florida city or beach town. Ocala is the capital of Florida’s thoroughbred industry, and ranching and horse-breeding are popular

Highlights

    • Housing growth in and outside the city is largely driven by retirement and new families looking for somewhere that feels like home. Lots of families find this in Ocala because of the comfortable southern feel. The cost of living is 6% below the national average and interest rates are low.

    • Located in the heart of central Florida, there is easy access to attractions found all around the state. Ocala also houses many attractions of its own, including The Appleton Museum of Art, Fort King National Historic Park, and Silver Springs State Park.

    • Job growth increased by 3.4% in 2016, and continues to do so. There are many employment opportunities in manufacturing, healthcare, and sales. The presence of Lockheed Martin, provides many jobs in the manufacturing of advanced technology.