I want to retire
“I want to retire” … that’s me you shout.
Trouble is no matter where you live in the world or who controls the economy in that country it’s not going to happen any time soon following tradition ….. working all your life and expecting your pension pot to keep you going until your final days.
Sorry but it’s the truth and we’re all needing to face up to facts and find a solution.
Regardless of whether your retirement is traveling the world, lazing about on the beach or supporting your favourite cause …. or just being comfortable with enough money for your hobbies we’re all of us going to need to do something about it. That’s the truth. There’s no sugar coating it.
I Want To Retire – The Problem
Who amongst us does not say “I want to retire” and long for the day when we will finally quit our job and begin a new life in retirement? A time when after all those years of work and toil and scrimping and saving will finally pay off so we can live each day as we choose.
Personally, we have never really thought of retiring so the statement “I want to retire” hasn’t really come into it. We have places we want to visit and more importantly causes and projects we want to be involved with but for us our problem was no retirement provision rather than wanting to retire.
This may well be you if you have been self employed like we were. Running a successful business but no company pension provision.
The financial advice we received at the time (all good) was to create a property portfolio which would give us a lifestyle income ….. did that! Sadly the BIG crash of 2008 and the worldwide recession put paid to that one and suddenly our properties became millstones rather than a cash cows and we lost a LOT OF MONEY …
If that’s you then you know what that feels like.
If you’re employed then you have read the press and they’re not wrong. Your pension provisions are not going to last your retirement and there’s no back up plan that’s yet been created.
Maybe there is some other cause to your concern…
A recent study from EBRI (the Employee Benefit Research Institute) shows that the majority of Americans have less than $25,000 set aside for retirement. It’s truly shocking!
One recent Forbes article described “I want to retire” this way…
“We are on the precipice of the greatest retirement crisis in the history of the world. We will witness millions of elderly Americans, the Baby Boomers and others, slipping into poverty.”
One thing is for sure is that if “I want to retire” is on your mind how you do it is probably going to be down to you!
I Want To Retire – The Solution
There’s two things you can do. Firstly you can continue to cry about the fact (I want to retire) and accept life’s lot or you can do something about it like we did.
In our mid 50’s when we first started our online business we knew nothing at all about the online world …. but we did know about business. Fast forward 5 years and we are now in a position where we can teach and train others no matter their age or skills
Luckily you don’t have to go through the kind of learning curve that we did. Nowadays, access to technology has also made it easier for people to start their own businesses just like we did.
Our number one recommendation if we were asked today would be to set up your own online business and luckily for you it’s ready and waiting for you. A business where you can leverage our business and you can share in the revenue without having to create your own products, hire staff, or deal with any of the other “headaches” that go along with owning a business.
The good news is that we baby boomers have accumulated more knowledge or experience to start businesses and are therefore generally more successful. A report published by the Future Laboratory last year found that businesses founded by over-50s had a 70pc chance of lasting five years, compared with 28pc for younger entrepreneurs. It’s forecast that “Boomerpreneurs” will hit two million by the end of the decade
“With internet commerce now widespread, it is much cheaper to set up an online business and there is less need for traditional bricks and mortar stores” said The Bank of England. According to a review commissioned by the Department for Business, Innovation and Skills this micro entrepreneur economy could be worth up to £9bn a year by 2025.
You could be part of it now and solve your retirement problems today rather than tomorrow (which we always think will never come)
The world is waiting for you – make that decision today that “I want to retire” and I know how to do it!
Who Are We
We’re former accountants of a certain age with 5 great kids and 3 grandchildren. We love skiing and traveling the world and have achieved a fabulous life helping others to start and build a successful 6 figure business online and now speak on international stages following that passion. Our business is centered on online marketing education and wealth creation and a desire to help you create financial freedom online through entrepreneurship.
Authors : The Mindset Shift
Mobile/Cell: +44 (0)7802857551
Email : firstname.lastname@example.org