I've read a number of the posts from this group -- and I'll admit I found what I didn't expect to. From what I've read, there seems to be a large group of posters who recommend "Savings and Investments" as the sure and steady road to retirement with a comfortable financial reserve to keep you afloat during the Golden Years.
I haven't read every financial book out there, and don't claim to be
all-knowledgeable... but some of the conclusions I've read out there
seem contrary to what I've learned -- not alarming, but intriguing.
Both sides seem terribly reasonable, depending on how you look at
them. Comments on Kiyosaki seemed almost vitriolic in nature. Warren
Buffet seems to get good reviews. At times it seems as though you
could draw a line in the sand between the "Real Estate Investment
Camp" and the "Stock/Money/Mutual Fund Camp." In short... you find a
wide range of opinions as you follow threads discussing the teachings
of Richard G. Allen all the way to Zig Ziglar. Everyone has their own
spin on things :-)
Here's the core matter of this post -- it seems reasonable to judge a
method by the results it produces -- irregardless of personal
penchants. If successful financial planning is the goal... who in
this group can claim success while attempting it? Who among this
group has attained 'financial independence' (defined here as self-
sufficiency... enough cash/net worth at present to satisfy all debts,
and perpetuate the current standard of living without need of full-
time employment)? Numerical amounts don't apply here... a man who
lives on modest means may require a modest retirement income to remain
I ask for two reasons:
1) I like to back up success theories with successful results.
2) Time is very much on my side at this point -- course corrections
can be easily made.
"There is wishful thinking in Hell as well as on Earth." - C. S. Lewis
- posted 12 years ago