401(k) Investing and the Essence of Time

We both know life is short. That is why, when it comes to growing a hefty retirement nest egg, time is of the essence.

That's right, time is of the essence. Timing, on the other hand, is but a secondary consideration. Truly, you only have so much time to build a hefty retirement nest egg, because you only live so long.

Now, chances are you probably cannot set aside upwards of 14% of your salary into your 401(k), much as the glorified sales hacks on Wall Street advise. (I know! Who can afford it?) So, why not learn how to use your 401(k) as a launching pad for attracting massive wealth in the here-and-now, saving just 1% of your pay.

In upcoming posts I will show you how to leverage your 401(k) savings, so you might:

• score big and pay off your mortgage
• liquidate other debts you would be better off without
  
• launch yourself to an early retirement.

This much I will tell you right now: Patience is a virtue.

I hope you agree because, now, you should let this fact sink in...

You can ill-afford taking serious financial hits on the chin.

So, recognize how time is of the essence.

Think back to Y2K. Remember technology's promise? How about, "NASDAQ: The Stock Market for the Next 100 Years?" Did even 100 days go by before the luster came off the shiny, new NASDAQ MarketSite at 43rd and Broadway, in the heart of Times Square? Indeed, high tech's broken promise drove many a 401(k) portfolio six feet under ... long before the Twin Towers fell.

How much better off would you be, right now, if only you had been forewarned? You see, the time that's of the essence appreciates how human emotion — greed and fear — inspires eternal wisdom in real, live shows of financial punishment (for the greedy) and reward (for those who fear).

Many months have passed since I warned about "structured finance." Yet if you detected a note of urgency then, you simply were confusing "market timing" with how "time is of the essence." Today, what's called "investing" is largely driven toward complacency and greed, oblivious to a profound vulnerability built into the global financial system over recent decades via what history books one day probably will call a "Ponzi scheme."

Tragically, the icing on this cake is made of belief the Federal Reserve can somehow save the day. Truth is, the Fed gives hookers a good name, because when compared to Wall Street's highly-leveraged, securities-based credit machine, the Fed is like a candle in the wind. Their size is dwarfed by Wall Street's so-called "shadow banking system."

Consider yourself warned, then.

Also realize your 401(k) is a wellspring from which you can finance low-risk, high-reward speculations when the lug nuts come off Wall Street. These are the times when — your 401(k) already sheltered in a safe money market fund (Plan B) out of fear your stock investments (Plan A) are at heightened risk of suffering wealth-killing losses — you could borrow your way to prosperity. You see, there is an exception to every rule!

Indeed, with a 401(k) you can unlock the simple secret to saving just 1% of your salary and attracting life-changing wealth. Of course, this is in part made possible by the very fact we are living in a time of heightened financial vulnerability. Excessive leverage always breeds volatility. Always has, always will. Such is the nature of greed.

So, in upcoming posts I will show you how your financial abundance can be secured in the face of this extraordinary danger. Make no mistake: risks of financial shocks are building and soon enough could explode onto the scene, making for a unique opportunity to rapidly turn a small stake into a tidy fortune.

Now truly is a time when patience is a virtue. The opportunity to set your life financially straight risking little finds the present moment elevating your odds of success. Most critical in exercising patience, though, simply is knowing what you are waiting for. This, of course, is the moment when volatility is likely to leap. Then, you strike, risking little, knowing there's great promise for quickly amassing incredible wealth you can use, either to plug some holes or make some hay. Foremost, though, you can gain the financial foundation on which your early retirement becomes a practical possibility.

If your power to save in a 401(k) is little to non-existent, then this is real hope.