Putting Your Retirement Interests First
Putting Your Retirement Interests First

Episode · 10 months ago

Putting Your Retirement Shield in Place

ABOUT THIS EPISODE

Retirement planning can be complex. It can also be made very simple. In this episode you'll know the primary pieces you need for a safe and secure retirement. Protect your family and enjoy the future by putting your Retirement Shield in place.

And welcome to the pudding, yourretirement interest, first podcast with financial expert and number one Amazon,bestolin author Robert Cannon, each episode features healthful insidetracical tips and reliable strategies to help make your retirement asenjoyable as possible for the next few minutes enjoyed listening as cohostBethanie Dilson tolps, with Robert Cannon about putting your retirementinterest fir. Once again, I am joined by RobertCannon. Robert is the author of putting your retirement interests. First, it'sa prioritized approach to protect your future and turn your dreams into areality and Robert. This is the last chapter of your book. It's called theretirement shields really going over everything that we've covered in thisbook, and you know it's cool to hear you talk just about different clientsthat you've worked with and how you're passionate about making sure that theyreach their goals and reach their...

...dreams, because everybody is differentand in a different situation financially, and so I love hearing howthe retirement chill plan can really be customized to each person as they planfor the future. Is it ever to early or too late tostart kind of evaluating retirement? Is never too early too late. It's aboute, the mental aspect of it. So O I'll tell you example: I had a woman. She was at the time she started with me,Wo Thousandy, eight or twenty nine. I forgot she was around. She was latetwents about to be thirty. I remember that so she came to me still living with her parents. She wanted it to Buya place aconomedium or here an in Brooklyn, so we orchestrated number once you get alittle money safe, not a lot of money saved, and I said you know W T we'regoing to figure out the best plan for...

...you. She did make a lot of money to shehate to say that, because I know some people in the Midwest and Te Houth tocon me yell at me, but she made like eighty osard a year yea, but he Bousanover here right buying Ha Pondo for four hundred thousand dollars, and youknow the livings a little biere Bot livingis different. So was a lot ofmoney and she said you know. Robirt Thi is all my money. I don't know who toturn to you're the only person I trust you know I came from referral and shemet me and we headid off. So we said of a plan we said of a plan forher I said: Listen Ti is what we're going to do. We're going to acquirethis property we're going to get you out of your parents house. She have alittle savings, we're going to secure those savings. She got so some badinvestments, horrible Storis, some of her friends, but you know we soved thatproblem allowed her to grow because it was some fees as she was paying that ather age was ridiculous and then we said of Wer with the savings plan. Now,...

...let's fast forward, okay, five years, so she didn't quite hitthirty five. Yet she was able to have over a milliondollar net worth WHOA. So when you start early yeah, youfollow plan and you have someone who's, helping you and first let me print preface this. Shewas very frugal. She llistened one hundred percent, so she was a verycompliant clients. Most people are not. I tell most people. Okay, we're goingto SAV twenty percent of your salar right and then at the end of the year.How much did you save wel? We say five, we wanted to go on vacation and wewanted to do this. Okay, you're, no complaiint, but she was perfect, sheweverything I told her to do...

...over a million dollars net worth beforethirty five years old. That's crazy! So so, if you start early and your frooal- and I don't want to say only frugalbecause she was frugal but guess what she bought- a Condo. Okay she's still lived right. I mean she had a trainer,you knor whatever. She still had her life, but million dollar net work. So that's a great story. I love tellingthat story and she was. I remember. I went to visit her inManhattan. I took the train and before she said yes, she just gave melike this big hug and just said: I'm trusting you please, you know do liething for me and I told he not to work so iwasgood yeah. It was really reallynice. Welroland get it getting her started. Was Nice also yeah? And youbrought up a good point too, that living fruqally does not have to meanthat you, you know, live on Roman for the rest of your life like. That mightbe what it looks like to find. Ont your...

...situation for a little bit, but that'snot forever living frugally does not have to be something. That's a hugesacrifice. It's little decisions that really do add up over the course oftime absolutely and she was able to stick to the plan and that helped her.And, of course you know. Obviously we had a great market and the houseappreciate it like you can't imagine so you know she has some Nice Nice situations to happen. You knowcatapultered to over a million dollars, but you know what it happened yeah, soyou know the reality is she was able to accomplish him very proud of her. So asyou've been doing this for a long time and talking with different clients, what would you say is the mostrewarding part of your job, something that you enjoyed he most. You know.Isto me is a very noble profession and I feel that I help people through their lives allparts of their life. I mean with her. She ended up getting married,and that was a situation that she came...

...to me protecting her asseds. That was asituation I mean so there's I'm basically following you for your entirelife. So I'm your avisor and I love that aspect of the business. I lovethat personal one and one that I have with you because we grow together andwhen things come up like you know, we talked ti about covid nineteen. Youknow your the economy being shut down, we're working it togettr. You knowwe're working with with you, which is really important. So I feel that thisis a normal profession that I really enjoy. I I feel that this is what I'myou know. Everyone has a gift. Hear me sing. You know, that's not my gift, so I hear people play music, I'm like,Oh, my God, you're amazing, you know that's their gift, yeah and my gift. Ifeel for this world is basically helping people and making thecomplicated, not complicated and navigating them through. You know thedifficult world of finance. You know,...

...that's my gift that I provide to theworld and that's so true what you just said is you know, making the thecomplicated not complicated, because finances can be very intimidating. Alot of people I mean myself included. Numbers are not my taing. Math hasnever been my thing, and so I think that's something that I've had to movepast of, like finances are a reality. I have to deal with it, but I think it'sso cool that you're kind of being that Voice of encouragement and that voiceof just hope for a lot of people being able to come alongside them and guidethem and make it not so scary and not so intimidating. I think that's reallycool that you're able to do that. Yeah. Absolutely. You know the fact that I'vebeen doing this for thirty years. To me, it's still amazing to me is likeunbelievable thirty years in this business, but I love when I see someone go from zeroto a million like her yeah or an older person right that will go from WHO',Sixty five years old goingto retirement...

...and be able to travel the World Bengable to live their life and and really enjoy the fruit, Oday Labor and knowingthat they're protected. You know if something happens in the market or thepandemic hits or whatever it is they're getting their income and they knowthey're secure. So I just love that aspect and people most people are very appreciative. Youknow, so we were joking before we startedrecording that I've got a major baby face. I know I do. I promise I'm not inhigh school, but my husband and are both in our midtwies. So if you couldgive us kind of one piece of advice going into retirement and just thefuture in general, what would that that piece of advice beet start now Sartinvesting now, because the power of compound interest is amazing, so youneed to start nown and,...

...like I told you, the story with theyoung lady every year you have a certain amount ofmoney that you're saving and then we come up with a plan for you and R yougoing to see from you know s to s the S S. What your account willbe. It's pretty amazing. You Know Ean Hiy, get you to a million dollars andfive years, but guess what ten fifteen tyou know whatever it is you're goingto get there with the right plan in the right amount of savings, so just save,save and invest well, Robert. I so appreciate just that advice and allthat you've shared out the past few times that we've spoken and just yourwisdom and your expertise, evreally appreciate it and you've got plentymore advice and expertise in your book. It's by Robert Cannon. You can pick upa copey on Amazon. It's called putting your retirement interest; first, aprioritized approach to protect your...

...future and turn your dreams into areality. Robert. Thank you so much for speaking with me. I appreciate you. Iappreciat your thank you thanks for listening to the puttingyour retirement interest. First podcast with financial expert and number oneAmazon, Bestelin author Robert Cannon, to request a copy of Robert's bestselling book or to have a conversation with him about your financial futureconnect with Robert through his website cannon wealth solutions, com.

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