Retirement can mean different things depending on the age of the person you are speaking to.
For instance, many younger people who are years off retirement, dream of the days they are no longer going out to work and envy those that don’t.
In fact, many people are working online trying to earn a good income so they can take their retirement from the rat race early.
There is nothing wrong with that. I used to dream of it myself, however, the Internet wasn’t around for me to do that in my younger days.
This post is mainly to address the financial aspect of retirement
There is no doubt that a retirement crisis is going to hit. Its not speculation, its going to happen and in some ways is happening already. >>>>>>>>
I don’t want to throw doom and gloom on anyone. The fact of the matter is that too many people in retirement are facing financial crisis. Many simply haven’t enough money to live on.
I have spoken to two people only this week who are looking for alternative ways of earning an extra income because their pensions are not enough to live on.
Then there are others who are having to work until they are in their mid sixties or longer due to government changes in the retirement age.
People may say it’s their fault for not saving enough money during their working life.
Some will say tough, “you baby boomers had it good for long enough”
I saw a comment the other day that called us the “I’m alright Jack” generation”. That stung when I heard it.
Of course we can criticize any generation and the Baby Boomer generation is no different.
We all have a tale to tell about poverty, hard work despite the fun we may have all had in the sixties with all the free love around and the great music.
Putting all that to one side. Lets get back to the crisis, whoever’s fault it is.
- People are living longer
- Pension income is not enough for many people
- People haven’t saved enough (many lost money in the crash of 2007)
- Savings are disappearing due to crap interest rates.
- Health Authorities are having trouble coping
- Government cut backs in services affect older people
The list could go on and on.
On a personal note I can only describe my own story, very briefly.
I have worked every single day since I left school. I have never been without a job. I have been married, divorced and a single parent for some years. I experienced real poverty back then, often having no money to feed my kids or clothe them properly.
Roll the camera forward and I went to university, qualified as a Social Worker and worked in child protection, and fostering services for many years.
I had an opportunity in the 90’s to begin a business – an Independent Fostering Agency outside the Social Services. I did this with other like-minded individuals around the UK. We worked hard, day and night and built it into the largest of its kind in the country.
Our turnover was a huge responsibility. Our success was fast and furious and we worked full pelt for ten years growing and developing the company.
In 2006, five of us exited the company and sold our shares, leaving many of us comfortable.
None of us could have foreseen that we would lose a lot of it a year later in the biggest crash the world had seen for years.
Many people lost savings; interest rates crashed and many lost absolutely everything.
We lost a great deal of money on the crash, as well as money we invested in a retail business that was hit by the crash as well.
I expect there are many people who could chime into this post and tell their story of how their hard earned money disappeared overnight during that crash.
What is my point and What Can You Do?
My point in all of this is that there ARE alternatives to anyone reading this.
This is not me pitching what I do. Whether you decide to sell lotions and potions, make up or juices and pills is up to you.
However, Network Marketing IS a viable alternative for you and if you did decide to join me for instance, then that would be awesome. The choice has to be the right one for you though and there are many companies to choose from.
Read this article by Forbes Magazine that explains why. FORBES ARTICLE
Anyone younger is reading this… keep doing it if you are in it already. It’s the best thing you can do for your future to have residual passive income coming in.
It grieves me to think that someone who has worked all their life, contributed their bit to society and reaches a time where retirement looms and they are filled with dread because they cant afford to retire.
I know network marketing isn’t for everybody. Not everyone will put in the work or take the trouble to learn. That’s life. For those who are willing to do that though, the rewards are there for you and maybe, just maybe you can enjoy retirement while bringing in some extra money. At the same time, you could enjoy some purpose in life.
For you younger folk, remember my article when you are prospecting people in their later years and have some empathy for the plight some are facing. It could even be your own parents.
I know this crisis does not affect everyone and there are many who will survive the crisis. However, the reports I have read lead me to believe there are more people it will affect than not.
Reading this back it felt like I was in a bit of a rant. I think I was to be honest. I feel angry AND sad for those people who have to face this retirement crisis and crisis it is unfortunately.
If my article, “In Real Terms, What Does Retirement Mean To YOU?” resonates with you or you got some value at all, please leave me a comment below. I would love to hear from you.
Feel free to share it with whomever you think may get some value from it.
The Reawakened Entrepreneur
Empowering Home Business Entrepreneurs To Make Success become a reality.
Email me… Lynda@lyndakennyonline.com
Phone or Text Me 00447515940004
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