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What you will learn in Chapter 8:

1. You must have a good solid savings plan in place.
2. It is important to consider a solid investment plan for long term (retirement).
3. Your 401K investments are not enough to fund your retirement.
4. Making large annual contributions may not be enough to reach your retirement goals.
5. When you consider retirement savings and investing, there are things that you need to determine.
6. Without making regular contributions and with just a single lump-sum investment, the account will have minimum growth.
7. Never consider or settle with the idea that you are trying or doing something.
8. Mindset, behavior, action, consciousness, thought and influence all affect your money and your future. 
9. Dollar cost averaging is buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price.
10. Dollar-cost averaging lessens the risk of investing a large amount in a single investment at the wrong time.

What you will learn in Chapter 9: Is a summary of Chapters 1 - 8

When you consider retirement saving and investing, there are things that you need to determine.
1. How much can you expect from Social Security?
2. What other sources of income can you count on in retirement?
3. How much does your employer contribute to your 401k plan?
4. How much are you contributing to your 401k plan?
5. What kind of lifestyle do you want in retirement?

What you will learn in Chapter 10:

1. To manage your spending and increase savings in tandem without incurring additional liabilities.
2. Knowing your ability to save money will be the cornerstone of building wealth.
3. Your needs, lifestyle preferences, and income, the amount of money you are able to save will be different from your friends, family, and neighbors.
4. A $1 saved or invested today is more valuable than $1 a year from now.
5. For every small luxury items you think nothing of can cost you millions of dollars in future wealth.
6. A key to financial prosperity is realizing the potential value of every dollar that comes into your hands.
7. Never settle with the idea that you will make or earn more money.
8. Every single dollar will give you a chance to create wealth.
9. Never sacrifice the opportunity to save money in order to pay off debt.
10. Learn to understand the true power of compound interest and appreciated the true value of time.

What you will learn in Chapter 11:

1. We are talking about your financial future, your retirement and being is a position to provide wealth to the next generation.
2. You must move financial independence to the top of your financial priority list. You should make it number one in your financial life, and make everything else secondary.
3. Please commit to your retirement future when using your 401k as an investment.
4. Your 401K is not where you go for money to make a down payment on a home, for college expenses for yourselves or your kids, for wedding expenses or whatever else may seem desirable.
a. Never use 401k to pay off credit cards.
b. Never use 401K or Credit Card for down payment on house.
c. Never use 401k money to get on your feet.
d. Never use 401k loan to pay off auto.
5. Whenever there is not a paradigm shift (Action Influence) that poverty mentality kicks in and every emergency takes precedence over building wealth.
6. Two forms of money management (Poverty Mentality vs. Wealth Mentality).
7.Your 401k retirement account will have terrific built-in tax advantages that your regular money account won't have.
8. Your money goes into your 401k on a pre-tax basis, which gives you a tax advantage right from the start.
9. Your money will grow tax-deferred until you actually take it out.
10. You will not be able to access this money easily until you're 59 1/2 years old or more.
11. Many companies 401k plan, may also "match" all or part of your investment, which also goes in pre-tax and provides you with even more tax-free appreciation.
12. Because of your age you are allowed to contribute an extra $6500 to your 401(k) plans currently. Not all employers provide matching contributions.
13. Consider the rules and guidelines as your first step of making a commitment.
14. When deciding to make contributions, always be committed to a minimum of what the employer will match to capture the maximum.
15. There are two main factors that you should be focusing on with your 401K, the company’s match and the tax advantages.
16. Your own contribution, the company match, the dividends, interest, and capital gains distributions—everything grows tax deferred for however long you leave it in.
17. You will be charged taxes only on money that you take out of the account.
18. Any withdrawal that is permitted before the age of 59½ is subject to an excise tax equal to ten percent of the amount distributed (on top of the ordinary income tax that has to be paid).
19. Never instruct your employer to make out a check directly payable to you.
20. There are 401(k) plans that charge fees for administrative services, investment management services, and sometime outside consulting services.

Quotes and Facts from the Book.


Action Influence allows you to really see all of the benefits of saving money. By observing patterns in your own life when it comes to handling money, your financial decisions are sharper.

This is how you are going to define your own purpose to financial security. Financial security is an admirable goal, the Action Influence that you take makes it achievable.


“Controlling your savings and investing creates the environment that your spending is choked off. - Rob Wilson”


Determine the financial impact of all decisions made. Focus on providing a way of life for you and your family first.


“It doesn't matter how you start, it matters how you end! You either live by default or design!” -Bishop Dale C. Bronner


Research has shown that it is rarely luck, inheritance, advanced degrees or even intelligence that enables people to build wealth. It is more often hard work, thorough planning, persistence, and most of all self-discipline that gets the job done.