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Mickey Mouse Turns 90 and Is Still Working + How to Retire Early Without Having to Work



Disney Studios

Who wants to keep working while they are 90 years old? Maybe if you bought in $3.2 billion per year, you wouldn’t mind. Well, Mickey Mouse turns 90 this month, and Disney is pouring all of its marketing into celebrating this milestone, revving its cross-promotional machine up to what The New York Times says is perhaps “its highest level yet.” The company has created cupcakes the size of cars, collaborated with a dozen fashion designers and created more than 30 books to mark the occasion. Mickey, Minnie, Pluto, and Goofy are Disney’s greatest money-making products — bringing home at least $3.2 billion per year in retail sales. But you are not Mickey, Minnie, Pluto, and Goofy, so you are probably not bringing in $3.2 billion per year. So how do you retire early, so you don’t have to work until you are 90? Motley Fool has put together three quick tips:

1. Start saving as early as possible

The more time you give your money to grow, the more you stand to accumulate. It’s really that simple. Therefore, if you begin setting money aside for retirement at the start of your career, there’s a greater chance you’ll accumulate enough wealth to exit the workforce earlier than most.

2. Invest your savings aggressively

Retiring early doesn’t just boil down to saving money; it’s also a matter of investing that money wisely. Let’s revisit the first row of the table above, which shows that setting aside $600 a month for 35 years could result in $1.24 million. If we do the straight math on those contributions, we see that it means putting in $252,000 out of pocket. The rest of that growth comes from investments that produce an average yearly 8% return. And if you’re wondering how to get that sort of return, look no further than the stock market.

Though investing in stocks carries some risk, those who stay in the market on a long-term basis tend to come out ahead. In fact, historically, the stock market has averaged a little bit more than 8%, and that figure accounts for its various downturns. Therefore, if you put the bulk of your retirement savings into stocks, there’s a good chance you’ll average 8% a year, if not better.

Watch what happens, however, if you play it too safe and stick to less risky investments, like bonds. In that case, you might snag just a 3% average annual return over the life of your investments. That means that if you’re putting $600 a month into your nest egg over a 35-year period, you’ll end up with just $435,000 — not a negligible amount of money, but also nowhere near $1.24 million.

The point here is this: If you want your savings to grow enough to allow for an early retirement, you’ll need to take some risks in your portfolio. Either that, or you’ll need to boost your savings rate substantially, which may not be possible if your income isn’t particularly high.

3. Reset your retirement expectations

Many people think of retirement as a period to travel the globe, indulge in fine dining, and experience life’s many luxuries. In reality, it takes a lot of money to live like that for a couple of years, let alone several decades.

If you really want to retire early, you may need to rethink your picture of what that actually looks like. Maybe you don’t need those fancy cruises or that country club membership — perhaps you can learn to be content with tending to your garden and spending quality time with your grandchildren, instead. There are so many different ways your retirement might shake out, but if it’s important to you to live by your own schedule as opposed to an employer’s, then it pays to think about how you might tweak your picture of it to get there early.

It’s easy to give up on the notion of early retirement and resign yourself to many more years in the workforce. But why do that? There’s a lot to be gained by retiring early, and with the right attitude and approach, you could easily realize your dream.


Ash Exantus aka Ash Cash is one of the nation’s top personal finance experts. Dubbed as the Financial Motivator, he uses a culturally responsive approach in teaching financial literacy. He is the Head of Financial Education at BankMobile and Editor-in-Chief at Paradigm Money. The views and opinions expressed are those of Ash Cash and not the views of BankMobile and/or its affiliates.

The Daily Digm (News)

T-Mobile’s Dream of Telecommunications Domination Gets the OK + How to Create Mental Toughness While Pursuing Your Dreams



T-Mobile’s $26 billion takeover of Sprint finally got approved by a federal judge, a move that will leave most wireless consumers with three major operators to choose from, including Verizon and AT&T. More than a dozen attorneys general had sued to block the merger that had already been approved by the Justice Department and Federal Communications Commission. The administration has required T-Mobile and Sprint to sell some units to pay-TV operator Dish Network as part of the deal.

Dream chasing isn’t for the faint at heart. It can take years before one sees the financial payoff of what was once an idea. T-Mobile is probably patient on the outside, but internal it is jumping for joy. It took them a few years to get to this point, but I’m sure they will be relieved at the fruits of their patients.

When building a business, your goal has to be more than money, or you will ultimately fail. Your drive has to be based on principle, change, and something greater than yourself. Here is how to stay mentally tough while pursuing your dreams.

Personal Development. The road to success is paved with character and growth. Personal development is one of the key drivers that sustain you on the path of your dreams. Trustworthiness, keeping your word, and dependability are imperative to any industry. It doesn’t matter if you’re a musician or painter, lawyer or doctor, these traits and non-negotiable and forever transferable to success.

Take Breaks. To get there, you must rest one mile at a time. The grind is overrated. Reflecting on how far you’ve come energizes you for the road ahead. Burnout is a danger to your accomplishments and leads to a failure by default.

Stay Hungry. Stay Foolish. Steve Jobs popularized this quote from an ad in The Whole Earth Catalog. It read Stay Hungry. Stay Foolish. We come to a point when we are happy with a level of progress and think we’ve learned everything. Accepting the truth that we never stop growing, and there is no limit to our success gives us the ability to keep going. To continue, you must never settle. You must always seek new ways of fixing things and solving problems. Discover new opportunities and be open to learning more.

Faith. Steve Jobs also mentioned faith throughout his journey. Believing so deeply in an idea that you make it come to life. Belief takes ideas and materializes them; and when you realize you can actually make something come to life, the sky becomes your launching pad, not the limit.

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The Daily Digm (News)

Amazon Plans to Add 15,000 Jobs + How to Prepare for the Job You Want



Amazon says it will hire 15,000 more people at its Bellevue, Washington, campus, as part of the company’s effort to allocate new workers after it abandoned its plans for New York City. The e-commerce giant had issues in New York trying to open a facility there, called Bellevue, where 2,000 employees are already located, a “business-friendly city.” It’s also close to the company’s Seattle headquarters. This is good news for those in the job market but if this isn’t what you are looking to do then how do you make yourself valuable in the job market?

Here are four ways to prepare for the job you want no matter your age:

1. Focus on Your Strengths, Not What You’re Lacking

Whether you are 20 years old or over 40 instead of focusing on your age, you need to focus on your strengths. Many young people with limited experience or older people who may not be up to date with the latest technologies focus on what they’re lacking, and this is a big mistake. Do you have the qualifications for the job? Can you bring value to this position? Whatever your strong suits are you should play that up in your resume, cover letter or communications with the recruiter. It’s easy to focus on why you can’t get the job, but the trick is not to let that get to you. Focus on your value!

2. Attack Your Job Search from All Angles

Networking, Answering ads and/or working with recruiters are the most effective ways to land a job. It is important that you just don’t focus on one method but all three. Networking obviously is the ideal way because it allows you to communicate your value directly, but the other methods have their benefits as well. Be proactive and use each method effectively.

3. Show/Explain Your Leadership Abilities and/or Innovation

Leadership and taking the initiative have nothing to do with age. Young leaders and old leaders can be more or equally effective as those who have the “ideal” age. Focus on your leadership abilities and be sure to display this to your current or potential employee. Also, make sure you are keeping up to date with current trends in your industry. This will allow you to show your innovation and add more value to your company.

4. Ask For What You are Worth

Lastly, ask for what you are worth. Don’t let being “too young” or “too old” deter you from asking for a salary you deserve. In fact, trying to downplay your worth may very well backfire on you. Also, if you have been with a company for a long time and your salary outpaces what the position is worth making sure you are adding to your skill set and not staying complacent.

Following these four tips can help you gain or retain employment. What are some other ways? Comment below>>>

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The Daily Digm (News)

New Survey Says that Young People Don’t Like Job Hopping + How to Get Paid What You’re Worth



Contrary to popular belief young people are not keen on job-hopping as most people think. According to a new survey, U.S. millennials and Gen Zers want to stay at their current companies for an average of 10 years and six years, respectively. Additionally, they say work is a major part of their lives, with 65% of people in Gen Z and 73% of millennials saying it’s part of their identities, according to a Zapier-sponsored poll. The age groups’ actions reflect the findings: Seven in 10 say they constantly check work messages outside the office. This is great for corporations but what does that mean for business owners?

If you are a freelancer or entrepreneur you know all too well the fight to get what you are worth. You will constantly be bombarded with offers to work for less or even for “exposure” as many like to call it now. But how do you gain the confidence and know how to charge and get what you’re worth? Here are 3 tips:

Build Your Resume. It’s said that if you do what you love you’ll never work a day in your life. Pursuing your passions and getting paid for it is the ultimate professional dream. You may have to start by working for free or at a discount rate to builds skill, ability, and your resume but once you have some stats under your belt its time to get that money… Keep in mind that if you are only in it for the money it will be difficult to experience long term financial gains so make sure you are pursuing your passion not only the paycheck.

Set a Standard. Pioneers have the ability to set standards. And even if you are providing services already in the market, no one can deliver them quite like you. Style and quality set you aside from others opening up a field of buyers seeking exactly what you offer.

Don’t Give In. A colorist (a person who literally adds color by hand or digitally in films and visual media; yes, there is a path for everyone) from Brooklyn, NYC once told me he had to be firm with pricing because he didn’t want to become that guy who works for free. After you have put in the work and set a standard you must not give in to fees below your ability. Yes, flexibility is key but don’t short change yourself. Getting paid your worth is ultimately the result of you believing in your ability and knowing there are people who will pay for it.

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