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How Can I Retire Early And Wealthy

By Richard Grassi

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Published: 05Feb2012
Word count: 1780
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If you are retired or near retirement, you have probably been given the same lame advice from your financial advisor or from books you read. You should invest based on your age. You use your exact age as a percentage to put into bonds and the rest into stocks, or maybe some into something tangible, like gold or silver. This would be the safe way to invest your retirement money!

How would this advice worked for you the last decade? Not very well! Only gold or silver would have gained. You would have lost money in the stock market and your bonds interest would have been very low. If you are retired and planned to use the interest money from your bonds as supplemental income, you would be hurting and maybe having to dip into your savings.

All financial planners give the same useless advice. It doesn't guarantee your retirement savings are safe - it only generates income for your financial planner. By following the same stereotype planning advice, they protect themselves from lawsuits because they are following so-called expert industry advice.

If you want to retire early and become rich, or if you happen to be retired and want to increase monthly income, you Must 'think outside the box'. You must realize the truth about Banks, Wall Street and Big Government. They are all working AGAINST you! Banks only care about their money, not your retirement income, and the same with Wall Street. And unfortunately the government only cares about bailing out the Banks and Wall Street.

A few years ago I grew very tired and frustrated of trying to increase monthly income and become wealthy by following Wall Street advice and/or system sellers' so-call trading systems. I got tired of the gut-wrenching feeling when the market did not go in the direction I wanted. And then the stress of trying to decide if I should close my position or not. More often than not, I stayed in too long and lost considerable money.

Fortunately, one day the light went on - NO ONE knows which way the market will go!!! They pompously claim they do or their system does, but it doesn't. When they talk about the big gains, they don't tell you that it rarely happens and you will have many more losses than gains!!! So instead of trying to predict the direction of the market, SELL to those who think they know the market direction. As humans when we invest or trade, we are driven by 2 emotions - fear and greed. These two very strong emotions cause us to make bad decisions and lose money! And those trying to predict the direction are strongly affected by FEAR and GREED!

After spending several months studying the stock market's history for the past 25 years I determined that the best way to make a consistent income of 10% per month was to SELL certain option strategies to those who thought they knew which way the market was going. By PROPERLY using the Iron Condor option strategy you can make an average of 10% per month and only need 2 - 3 hours per month of your time.

What this means is that if you started out with $3500 and made 10% per month gain, in 5 years you would have one million bucks (Use any compound interest calculator to verify this). Or if you are retired, you can increase your monthly income by 10% of your retirement savings. And the real beauty of this strategy is that you will make 10% per month 96 months out of 100. The other 4 months you will break even. If you put your money in a ROTH IRA, you will NEVER pay taxes on your gains. PLUS there is no requirement to take any money out of your ROTH account when you reach 70 ½, like there is with a Traditional IRA!!!

The bottom line is that NEVER listen to Wall Street, Banks or Financial Advisors, they only have their self-interest in mind!

Richard Grassi has BSEE from USC, MBA from U Texas. He has taught his family/friends for years how to increase income and build wealth with his Simple 3-Step System. YOU CAN eliminate money problems and become wealthy. Get FREE Personalized Financial Plan.

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