How a Fifty Years Old Can Retire a Year Or Two Earlier
How a Fifty Years Old Can Retire a Year Or Two Earlier? Here’s the idea!
The age of 50 is said to be the golden age. It is also the age where people are near their retirement. In most countries, retirement age is 62 for women and 65 for men. Retirement means you have very few years to enjoy the remaining years.
Take a brief moment and imagine yourself 10 – 15 years from now. You did not prepare for your retirement to live by your own means, so you are living with your children. You cannot get what you want. You can’t eat what you want. You cannot go where ever you want. You cannot get out of the house without the permission of your in-law. You have to stay and look after your grandchildren all day long. You are condemned to live out your remaining life with your in-law until your last dying day.
If you have not started preparing your retirement funds five to ten years ago, at the age of 50, you have more or less 10 years to prepare it in a hurry. You are now battling against time. If you would like to receive $500 monthly from your retirement fund, you will need $100,000 assuming that you will get a 6% annual return. And since you only have 10 years to prepare, that means you need to save at least $10,000 yearly. That would be pretty difficult to save if you are only earning $15,000 – $20,000 a year. That means you will cut 30% to 50% of your monthly income to funnel to your investment funds.
At the age of 50, it would not be easy to go working part-time jobs. You are now starting to feel your body weaker, get tired easily and feel the pain in your knees and joints. Your vision starts to weaken, too. Your metabolism slows down and you accumulate fats around your waist. You will make visits to your doctor more often. So in addition to your financial problem, you will deal as well with your health.
But there is always solution to address these two issues – finance and health. That is, if you are willing to do something to resolve these issues.
Would it be possible to get paid or earn income while making yourself healthy? Yes, of course, that’s possible. And, I’m not talking about being a basketball superstar or a great tennis player getting paid playing. Those days are past for you to get to that status. What I am talking about is to start taking care of your health and create a part-time business out of that activity. If you will work one hour a day in 12 – 24 months, you can build a source of extra $500 a month income.
So what’s the plan?
Most people do network marketing every day, they just don’t get paid for it. We recommend and promote things that we love. My wife and I started taking supplements made of natural products. These products are very effective, so we love to recommend and promote these products to our friends are relatives. By then, we are not getting paid for our recommendations and promotions. So we decided to sign a one-page form to collect our checks for recommending and promoting the products. So now, aside from the discount we save every time we purchase the products, we are receiving checks for our recommendations and promotions. Thus, we are earning extra income while we make ourselves healthy.
Currently, the earning is not so significant. But working for that part-time business for 5-10 hours a week, the business will surely grow. A goal of $500 a month simply by “getting healthy” can be achieved.
Sometimes, even a very simple thing like signing a form can do a significant change in one’s life. With that little extra income to spare, you can build your retirement fund without a drastic change in your current lifestyle.
Again, imagine yourself in ten years; retiring two to five years earlier than your retirement age. You are sitting under the shade besides your better-half overlooking the beautiful white sands of Boracay. You are enjoying your ice-cold lemon tea. You smell the delicious barbecue being grilled by your maid.
In few minutes, your maid announces to you, “Sir, ma’am, the lunch is ready.”
Then you say to yourself, “It’s good I made a decision to make my part-time business work.”
So would it be okay if we share to you how you can get started? Simply send your email to email@example.com and we’ll discuss about it. Please include the name of the person who referred you to this article.
Here’s to your success!