This week, I’m talking about being debt free in retirement - why this is so important and how to take steps now to become debt free by retirement.
Today, I want you to envision your life without debt.
What would your life be like if you didn’t have any debt? How much more freedom and flexibility would you have when your only monthly bills are utilities, groceries, and mostly discretionary purchases? How much would it grow your confidence in retirement, that you won’t run out of money, if you have no debt?
My guess is - A LOT!
Money is one of the biggest stressors for Americans, outweighing relationships and work on the stress meter. According to Northwestern Mutual’s 2018 Planning & Progress Study, 44% of us are stressed about money.
Unloading your debt means less stress, more confidence and...better health as a result!
So today, I ask you to have the courage to envision a life without debt. Go there in your mind. Let yourself hang out there for a while and see what it feels like. Then...get to work on the necessary steps to eradicate debt from your life. I laid out how you can get started in the earlier episodes this week.
As one of my favorite authors, Mark Twain aso wisely stated: “The secret to getting ahead is getting started”.
That’s it for today, thanks for listening. Tomorrow, we’re going to recap the week and I’m gonna give you a little taste of next week’s theme.
My name is Ashley Micciche and this is the One Minute Retirement Tip.
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