My Buy Essay

Posts Tagged ‘earn money’

The call to earn money in retirement is fast becoming a necessity and this is so because when you retire from the workplace you continue forevermore to face the prospect of escalating living expenses: food, shelter; clothing, power supply, insurances, communications, income tax, etc, with less left over than you had at your disposal before for enjoying the minor luxuries of life.

For the majority of seniors the prospect is doubly daunting as a direct result of vastly reduced incomings due to the world wide pension crisis and so the need to earn money in retirement becomes imperative.

What do you do when there is too much month left at the end of your pension; do you bite the bullet and settle for cutbacks in the quality of life?

Not inevitably so because with tried and tested guidance you can stretch your abilities to make some extra cash in retirement and for some this is not so much an option as a necessity.

How do you visualize life in retirement?

You have reached or are approaching your 60th/65th year and are eligible for retirement. Or maybe you’re only 50 and opted out early.

o Do you punch the air with a tightly clenched fist now that you have finally escaped from the workplace?

o Or do you ask yourself, ‘What do I do now?’

For many retirees, lounging around the house or lying in the sun in a deck chair is not a prerequisite for third age enjoyment and fulfilment.

While the world is undoubtedly aging and the number of elderly people is increasing, the current crop of senior citizens is in better health and lead longer, more active lives than their parents did.

o They want action, not eternal relaxation;

o Excitement, not enforced leisure;

o Accomplishment, not resignation.

Conventional retirement is just too dreary, and many remain emotionally unprepared to throw the working life concept entirely to the wind. Some could also make good use of opportunities to increase basic income.

So, in lieu of conventional retirement, a significant number of third age people are turning to entrepreneurship as an alternative.

With valuable commercial skills acquired through years of practical experience, many of these retirees give serious consideration to launching their own businesses. They believe they still have what it takes and are highly motivated to succeed on their own.

Is it hard to earn money in retirement?

o Is it so restrictive that only a small number can succeed?

o Is it so demanding that only able-bodied retirees can make a go of it?

o Is it so difficult that only the super-intelligent stand a chance?

No &ndash anyone can do it. If, for example, you are disabled or handicapped to some degree and would find it impossible to engage in a physical money-making activity you can still participate in ‘online’ enterprise – for which alternative route you will find many options.

So who is Jim Green and why should you read what he has to say about how to earn money in retirement?

Jim Green is 75 years young and as active in business as he was 50 years ago. He is also a bestselling author with 24 titles to his credit including “Your Retirement Masterplan” and “Earn Money in Retirement” earn-money-in-retirement.com

How to get started

First off, some points about money. People pay money, a valuable, in exchange for a product or service you provide – another valuable. It’s really barter, with a commodity called money. People buy things which will improve their lives, which gives them some benefit they feel they need. You aren’t really in it for the money, but to provide better service to people so that they can improve their lives. That’s a perfect fit – they want to spend money to improve their lives and you are more than happy to accept money to enable them to do so – with your product and services.

Money is really just an indicator of how much you provide real service to others – and how valuable they think that service is. We’ve gone over how you can increase your income by giving it away, as well.

Now, down to the brass tacks of what to do when and why.

Before we start -

Don’t quit your day job. Rome wasn’t built in a day, God took seven to create this world – so don’t figure you are going to become a millionaire overnight. I’ve heard some talented people got rich in 90 days, but we’ll take the conservative approach here.

Until your Internet activities start bringing income to you, that day job will be providing the seed money for your online business.

Consider all your online activites a second job. This is much better than going to get a second job at some company. Then you are spending 60 hours a week just working for a fixed wage – away from your family and giving a large proportion of it to the government and insurance companies with very little return.

So your online business is your second job. Set it up with a specific workplace and a schedule. Treat it like a business, not a hobby. Show up on time and ready to work – not late and hung over or taking constant breaks for food – or having the TV running so you can “catch the game”. Arrange for your spouse and kids to keep the noise down – or set up your garage so it is comfortable all year round and you can easily work there with no distractions. (Remember, setting this up as an actual business means you can deduct these expenses from your “day job” income tax.)

Work out your finances. See if you can get by on only 80% of what you currently earn in income from your day job. Means you are going to have to set up a budget and find out what you are spending your money on. Or – you could simply have your check deposited directly, 80% going into your checking account and 20% going into your savings account (preferably) or another account.

What you do with that 20% is to set half away for savings – never touch this for anything except, perhaps, a real emergency. The other half (10% of your income after taxes) goes to investment. This is what you are allowed to spend on your online business. But the idea again is that you are investing in your own business – not just blowing it on nice stuff for your home office.

Once you have your home business set up, you are then – an only then – ready to really start in on Internet Marketing, Sales, and Delivery.