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Mike Tyson on Retirement
Written by Steve | Published: |
Mike Tyson may not be the one you might want to take retirement advice from…
After all, he made over $400 million dollars through his boxing career only later to declare bankruptcy.
However, there is a frequently repeated quote from him that could be very applicable to how you are preparing to create financial security.
Mike was noted to say “Everyone has a plan ‘till they get punched in the mouth.”
You probably can get by without a very good retirement plan with everything going your way. The market is up, you don’t have to spend too much, your health is fabulous etc.
It’s the times that punches are flying your direction that you really need a more robust execution plan.
If you had investments during the last major market downturns you might want to evaluate how you are going to duck-and-dive the next one thrown at you.
Now I know you can’t plan for everything in life.
Things change…
Unexpected moves, health scares, issues with children and loved ones…
However, I love the quote from Dwight D. Eisenhower while he was the supreme commander of the allied expeditionary forces in Europe during WWII where he stated, “plans are worthless, but planning is everything”
If you need help really keeping things on the up and up, you may want to consider going through our Continuous Cash Flow process. It’s not a once and done event. It is something that needs to happen at every major financial event and at a minimum on an annual basis.
Until then, keep those gloves up to protect that beautiful face of yours.