Using Tax Lien Investing to Prepare for Retirement

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1) Using Tax Lien Investing to Prepare for Retirement: Introduction

All right. This is another mini-course in our huge series about tax lien certificate investing. In this mini-course, we’re going to focus specifically on retirement. Because when you do any sort of investing including tax lien certificate investing, it’s not just about the money. It’s…money’s no good unless you do something with it.

 

So really, why are you doing this? Well for a lot of people, it’s about retirement. We’ve seen that social security isn’t something that we can necessarily count on in the future, even if it’s still there, it’s probably not going to be enough to live off of. And the majority of jobs that used to pay pensions, they’re just not around anymore. They’re just not that sort of loyalty that’s encouraged on the part of companies.

 

So we know that if we want to have any sort of a retirement, if we want to be comfortable and not worrying about money, well, we have to take matters into our own hands. So that’s what this is going to be all about. We’re going to talk about retiring, from planning it to getting some of the ground work in place so that you can use tax lien investing to fund your retirement and the different phases, from preparing for it to while you’re actually retired.

 

My name is Michael Decker. I’m a contributor of myOpenPath.com. Likely, you’ve heard my voice on, well, every one of these courses about tax liens and probably a few others. I hope that you’ve been enjoying them.

 

And let’s have a look at what we’re going to be talking about specifically in this course. In the first module, we’re going to talk about where to start. When it comes to setting financial goals for retirement and trying to put out some sort of a plan, it can be very, very overwhelming. So we’re going to walk you through at least some of the basics of how to work backwards. We’re going to start by setting a goal and then working backwards, and then seeing how everything you’ve learned in these courses about tax lien certificate investing, can help you to reach those goals.

 

Then we’re going to talk about something called the “Wealth Wheel”. This was developed by a friend of mine named Jack Bosch. He teaches real estate. He teaches financial education, things like that. And he came up with this idea called the Wealth Wheel, where you can kind of just build up momentums, one investment after another. And so, I want to go into how you can use that method with tax lien certificates and investing.

 

Then because a lot of people want to retire outside the United States, I, for some years, I lived in the Caribbean in the Dominican Republic and we saw all sorts of retirees from all parts of the world. There were communities of Russians. There were people from Italy, people from Spain, people from England, obviously, the United States, that they would go to live in the Dominican Republic or any other place around there because they love the culture, they love the low prices, they like living on the beach, something they couldn’t necessarily do back home.

 

So we’re going to talk a little bit about retiring outside the United States, specifically if you choose to retire outside the United States, why should tax lien certificate investing be of special interest to you? Is it difficult to buy tax lien certificates from outside the United States, is a question worth answering. And finally, how can you do your due dilligence and how can you get paid even though you’re living outside of the United States? These are all excellent questions.

 

Now generally, we’re going to approach this from the perspective of a United States citizen that has chosen to move outside. Now, if you are from a different country, that’s okay. There’s still definitely ways to do this. Just do your best to take the principles that I’m going to be talking about and apply them to your specific situation. So this is going to be an awesome course.

 

This is where you can really get excited and keep yourself motivated because if you know what you’re working towards, well, you’re going to be more likely instead of going home and crashing and watching TV after work, you’re going to go home and do some research on tax liens because you know what you’re working towards. So stay with us, you’re going to love this course.

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