However, if you talk with people individually, many will tell you they’re scared about running out of money during retirement.
With so many seniors living into their eighties, more and more adults are facing the very real possibility that they’ll outlive their retirement savings.
That’s why these days, taking a more active approach when it comes to reducing debt, saving and making your money grow is a wise strategy.
Fortunately, more and more investors aren’t willing to passively sit back and trust Wall Street money managers to grow their net worth for them. And that’s why now, more than ever, smart investors are taking a more active role in managing their portfolios.
A good example is Danny Haynes, a Systems Security Engineer from Pittsburgh, PA. We recently asked Danny about his plan to reduce debt and build a substantial retirement nest egg in the coming years.
Danny Haynes is a 49-year-old father and systems security engineer living in the Pittsburgh area. Danny is trading to reduce debt and accelerate the growth of his nest egg in hopes of enjoying a more comfortable lifestyle during his retirement years.
Systems Security Engineer
The Traders Council
Unfortunately, Danny got off to a rough start. During our interview, he told us, “I’ve been trading since 2013, minus a 2-year break right after I “blew out” my account. After licking my wounds, I decided to start trading again about five months ago with a small account.”
“I’m 49 years old, and sadly my savings took a big hit while sending two kids through college. On top of that, they’ve racked up $114,000 in student loan debt. It was hard for me to face the reality that if I kept doing what I was doing, I would never be able to retire. And that’s when I decided to take my financial situation into my own hands.”
“I’ve been trading since 2013, minus a 2-year break after I “blew out” my account. After licking my wounds, I decided to start trading again about 5 months ago with a small account.”
Danny continued, “I started trading with Jeff Williams in 2013, but left to trade options and try other services. During my 2-year break, I’d get webinar invites from Jeff, and planned to rejoin his service as soon as I was ready to start trading again.
“I love options, so joining Jeff and Davis in The Traders Council was a no-brainer”, says Danny.
“Looking back, I realized that I was stubborn for thinking that I knew what I was doing. Consequently, I quickly lost 50% of my account. So when I started I joined Traders Council, I went back to paper trading, and followed what Davis and Jeff were teaching while tweaking it to my trading style.
“By closely following their teachings, I’m already up 235.3% since April 9th. That’s 25 wins and only 8 losses so far! In fact, I just scalped SPY puts yesterday, and today for about 10% each in less than 5 minutes. It seems like there’s an opportunity for an SPY scalp nearly every morning.”
“Being that I work a full-time job, this approach works well for me. I can make a daily scalp in less than 5 minutes, and then go back to my job”, says Danny.
“I love options, so joining Jeff and Davis in The Traders Council was a no-brainer.”
Danny is grateful for his current life situation, “I have a successful career and some nice things, but I also have debt. At the rate I’ve been going, I would never be able to retire, and that scares me. I’ve had lots of sleepless nights thanks to that thought.”
“After blowing out my account three years ago, I lost hope of ever retiring. That’s why I made a promise to myself that I would make back that money. I also vowed to not jump from service to service. Hey, I made money with Jeff Williams when I first started back in 2013 and was sure he would be the one who could get me back on track.”
“Now that I’m making more winning trades, and currently up 235%, I’m starting to think about the possibility of retiring sometime in the foreseeable future. My goal is to be debt-free in the next five years, and then become a full-time trader”, says Danny.
“Now that I’m making more winning trades, and currently up 235%, I’m starting to think about the possibility of retiring sometime in the foreseeable future.”
Do you have a Raging Bull success story to share?