Afraid your retirement nest egg won’t last long? – Post 353

You’re not alone.

We once thought of retirement as a time to relax, play golf and maybe travel — to finally have a little fun. For some, that will still be the case.

For the vast majority of others, the thought of retirement brings anxiety. They’re worried that they’ll run out of money.

In a recent survey by the Transamerica Center for Retirement Studies, 44% of workers of all ages cited having insufficient finances as their biggest fear.

And a quarter of middle-class Americans, according to a Wells Fargo Middle Class Retirement survey, said they “get depressed” thinking about their finances during retirement. Forty-eight percent of those who have not retired were not confident that they will have saved enough to live “the lifestyle they want” in retirement.

I don’t know that there is anyone who doesn’t have that fear. That is people’s biggest anxiety. That fear comes mostly from people realizing that they are not adding enough to their savings but will soon have to withdraw. The anxiety is that they will have to have this last themselves for the rest of their life. It is the overwhelming fear among baby boomers.

Sometimes, the uncertainties of how long someone is going to live can be overwhelming. Adding to that the thought of health-care costs, can create a sense of hopelessness.

‘Will I have enough money?’

The best way to feel better about retirement is to develop a plan.  Do not be a bystander to your own retirement future. Your chances of not running out of money greatly increases if you develop a monthly, residual income that comes in month in, month out.

The estate of Michael Jackson brought in 145 million in 2012. Elvis Presley was second on the list with $55 million, while Bob Marley took third with $17 million.

I’m not saying you or I will have that type of income but it illustrates what a residual income can do. An income that comes in regardless of whether you work that month or not.

Did you know that if you had a monthly residual income of just $5,000 per month coming in that is the equivalent to an extra $1,000,000 in your retirement fund?

Would an extra $5,000 per month on top of what you already have in your retirement savings give you more peace of mind?

Did you know that if you are very serious and follow an established plan of action, it is much easier to create a $5,000 per month residual income than it is to save another $1,000,000 before you retire?

Folks, I don’t have that many more years until I hit that golden age, worse yet, after two years of unemployment I am way behind on my nest egg goals. When I was introduced to this concept by someone that I highly respect. Someone that has been very successful financially in their lifetime, to the tune of multiple seven figure income, I was stunned. In fact that set me on a 4 year search for the best vehicle and best system to reach that goal. Once I found the right vehicle I spent another
year learning, seeking out and learning from the best in the industry and now I would like to share with you what I learned.

For more information visit my website, There you will find a 20 minute video where I introduce this concept. Then I will introduce you to a very successful couple that I know that will give you the details. Once they complete their presentation you will have the opportunity to reach out to me so I can speak with you one on one more about how I can help you reach your financial goals.


Baby Boomer Retirement Trends – Post 273

If you are like me, I know someone has probably approached you about one of those multi-level marketing things. The pitch varies from company to company but it basically promises a chance to quit your 40 hour job, be your own boss, and make lots of money while making new friends in the process.

It all sounds good but there is all kinds of debate over whether these companies and programs are legitimate business opportunities or not. I have actually spent the last 5 years exploring the industry myself. I joined 14 different companies over that time frame. I’ve met some incredible people as well as a few crooks along the way. I’ve come across some fantastic products backed by great science as well as some that made me pause and think, are people really falling for this stuff?

My conclusion is that it is real. People really do make the incomes that are claimed, I’ve personally met them.

And you know what else?

I want to address my generation specifically since I can relate more directly with the circumstances we face. The reality is, making a successful transition into retirement is just as much about the psychology of retirement as it is the money. Most of us realize money does play a significant part but never think of the other aspects of retirement.

I want to address my generation specifically since I can relate more directly with the circumstances we face. The reality is, making a successful transition into retirement is just as much about the psychology of retirement as it is the money. Most of us realize money does play a significant part but never think of the other aspects of retirement.

We have been the trend setters that have driven our economy for the past 50 years. Think about it, we fueled the baby-food boom of the 50’s, the explosion of suburbia in the 50’s to 60’s. The explosion of college education in the 60’s and 70’s. We became so busy raising our families in the 80’s through the 90’s we’ve caused an explosion in fast food and convince foods. We fueled the mini van craze and as we started worrying about our health we ignited the fitness and exercise craze of the 80’s. As our health began suffering we started the healthcare boom in the 90’s with an explosion of every type of healthcare facility imaginable.

Now we are in the fifty to sixty year old range and retirement is starting to worry us. On average today, we are estimated to have less than $50,000 in retirement savings. I’m one of those. After 2 years of un-employment, my retirement savings is shot. Folks, there is an obvious need to find alternative ways to either save more or generate supplemental income starting now, and continuing throughout retirement.  And lets face it, we are growing tired of feeling guilty or bad about our past savings habits and are interested in moving towards possible solutions.

We are also increasingly disenchanted with our current careers. We’re worn-out from years of the corporate grind We don’t feel a connection between our job and the people it impacts outside our office walls. Think about this, AARP’s estimate that half of all baby boomers (76 million) are interested in starting a business. This sets up the makings of a massive trend.

We are now shifting our focus from accumulating a nest egg to a desire to be part of something bigger and better… to have a positive effect on others…and coming to terms with the fact that we will be working in retirement. Folks like me are beginning to realize we need activities that keep us busy, relevant, in good health, and connected to others just as much as our need for income.

I found that this industry offers very low barriers into entrepreneurship, provides training, support, and ample encouragement along the way. The time, energy and cost to participate makes this business very appealing to large segments of the population. A means of meeting new people. Folks like to use the business activity to keep busy (particularly in the winter) and use the extra money to travel and spoil the grand kids.

After doing all this research I no longer perceive these types of home business opportunities as money-making pyramid schemes.  Instead, I now see it as a way to enhance many of the personal aspects of retirement that are rarely discussed, let alone planned for, with the added benefit of supplementing our retirement income sources such as pension and social security.

Most people don’t realize that multi-level marketing companies are successful because they help people satisfy a number of important human needs, including the need to feel significant, to have connections, to be able to learn something new, and to feel that they are making a difference.  Many of the people that I know in this business say again and again, ‘I’m doing this because I’m meeting amazing people … making so many connections … and I feel so good about myself.” and you know what? I have experienced the same thing myself. When other basic human needs are being met, the members and consultants that I have met don’t focus solely on the financial aspects any longer.

I know many people that have been able to replace their full-time income but it didn’t happen overnight, and many still work every day and are happier at their jobs because of the psychological and financial fulfillment they are experiencing with their home business.  That is why I recommend keeping your current job while slowly making the transition into the home business realm. That is exactly what I have been doing.

Some that I’ve met began their home business career out of necessity. So many times I’ve heard that prior to getting involved in the business they told their friends to never let them join one of those things… but when their family was hit with a financial crisis they had to do something different. They started their business with the intention that some retirees may also find themselves in now. They started with the idea that they just needed to make their month easier.  Most that joined just needed an extra $500 per month.

So many say they work hard at their business every day, but it doesn’t always feel like work.  Just like others in other fields that profit from their passion, they say it’s rewarding because they found a product that has made in difference in how they look and feel… and they love sharing it and helping other people start a business.

Financial analyst and economist Harry Dent says that “Peer-to-Peer Marketing” is the fastest-growing home business model and the health and wellness segment of the industry will continue to be the fastest grow segment. He goes on to say that the best time to start a business is now because business like this actually see their biggest growth during economic downturns.

Peer to peer marketing companies, along with other small businesses opportunities, are important for anyone entering into retirement to consider. I believe the concept of starting a business for retirement income will become one of the most significant trends impacting retirement in the 21st century.  But it has to start with redefining entrepreneurship and framing it into a retirement lifestyle.

That means helping people find ways to turn a passion, hobby, or personal desire into extra money in their pocket… not to mention helping people see the importance of planning for the non-financial aspects of retirement; replacing a work identity, staying relevant and connected, as well as keeping mentally and physically fit.

This is something we are poised to capitalize on and what has me so excited. Because the baby boomers are looking to adjust their retirement feelings and plans, this industry could soon experience larger than life growth. I would love to have the opportunity to share with you more about what I am doing to not only have financial security but also to fulfill the need to feel significant, to have connections, to be able to learn something new, and to feel that I’m making a difference.

How to get over your fear of economic insecurity. – Post 224

How to get over your fear of economic insecurity.

For many of us, our fear of being broke has kept us from truly following our passion. We don’t want to end up on the street, so we continue to work the assembly line, day in and day out, because it brings home a pay check and puts food on the table. This doesn’t sound like anybody’s dream job. Most of us want financial freedom and to run our own business, but how are we going to run our own business if we’re scared of failing, even worse, of losing everything?

The fear of economic insecurity is one that has kept many of us from chasing our dreams; especially if that dream is to run your own business. So, how will you ever rid yourself of this fear? Mastin Kipp, an entrepreneur and writer, had some great suggestions on how we can rid ourselves of our fear of economic insecurity, and take steps towards following our dreams.

First, he asks, how much risk can you comfortably live with? When starting your Youngevity business, many of you still continue to work your full-time job because you feel the risk is too high; maybe you have a family that depends on you, or other obligations that you need to weigh in. Others jump both feet in, knowing that the risk is great, but the payoff will be greater. You decide what you’re comfortable with and then go for it!

Additionally, Mastin Kipp asks you to remember when you were down the most and hit rock bottom; did you make it through and what fears did you have at that point? He also asks us to consider the consequences of not living your dream. What will your future be like and will you be happy? The thought of living a future where we are not happy and not doing what we love can be enough to get most of us going. After all, we all want to live a happy, debt-free life.

Therefore, what actions can you take to start getting over your fear of going broke? Some suggestions made by Mastin were to make a list of what you’re most scared of. Then, create an action plan to prevent failure and also backup plan of what you will do to get out of being broke in the case that you do fail.

What’s the worst thing that can happen if you follow your dreams?

Don’t let your fear of being broke stop you from working your own business and taking control of your future! Know that you will succeed when you follow the steps I follow working my home business. A simple system to give yourself financial freedom.

To learn more about what I am doing visit

Avoid the Retirement Crisis – Post 186

Today I am blogging about the Retirement Crisis that is coming and how you can avoid this crisis by thinking outside of the box and taking Robert Kiyosaki’s advice by diversifying your income and creating a residual income outside of what you are currently doing.
To find out more about how you can create that residual income go to my website
July 17, 2013 at 7:52am
Posted on: Tuesday, July 16, 2013
Written by: Robert KiyosakLast week, I mentioned John Bogle, an entrepreneur, true capitalist, and the founder of one of the world’s largest mutual fund companies.

In his book, The Battle for the Soul of Capitalism, Bogle expressed concerns about the retirement system as a whole. He takes aim at CEOs of investment firms and believes retirement is going to be the next big financial crisis in this country. That’s a big deal, especially with so many people relying on distant retirement accounts to provide for their future security.

Bogle, an insider in the mutual fund industry, is disturbed by the greed he sees in his industry. He says:

When I came into this business there were relatively small, privately held companies, and these companies were run by investment professionals.

Today, that has changed in every single respect. These are giant companies. They are not privately held anymore. They are owned by giant financial conglomerates, whether it’s Deutsche Bank, Marsh & McLennan, or Sun Life of Canada. Basically, the largest portion of mutual fund assets are run by financial conglomerates, and they are in the business to earn a return on their capital in the business—and not a return on your capital.

Bogle points out that in mutual funds, you, as the investor, put up 100% of the money and take 100% of the risk. The mutual fund company puts up no money, takes no risk, and yet keeps 80% of the returns. The investor gets back 20% of the gains (if there are even gains).

Warren Buffett agrees

Warren Buffett is regarded as one of the greatest investors of our time. He is a capitalist. He is an entrepreneur. He is not a managerial capitalist. (Managerial capitalists are not entrepreneurs. They did not start the business. They do not own the business. As managerial capitalists, they have responsibilities, but take no personal financial risks).

This is what Warren Buffett has to say about these corporate money managers, managerial capitalists, most of whom are “A“ students from great schools.

He says: “Full-time professionals in other fields, let’s say dentists, bring a lot to the layman. But in the aggregate, people get nothing for their money from professional money managers.”

If this is true, it might be stated another way: Those who choose not to become financially educated or play an active role in their investments and, instead, turn their money over to professional money managers, are abdicating responsibility for their financial future—and, if Buffett is on target, getting little value for it. How great is the risk of turning your money over to a “professional” who brings little value to the undertaking of making your money work for you?

Bureaucrats: “B” students

The vast majority of students who graduate from our schools are “B” students. They’re taught, by and large, by “A” students, some of the brightest students who continue their education to become teachers. What becomes of those “B” students as they choose their path in life? It’s my opinion that they become bureaucrats.

The problem with bureaucrat?

Decades ago, Rich Dad said, “The problem with the world is that it’s now run by bureaucrats.” He defined a bureaucrat as those in a position of authority—such as a CEO, president, sales manager, or government official—but who take no personal financial risks. Explaining further, he said, “A bureaucrat can lose a lot of money, but they do not lose any of their own money. They get paid, whether they do a good job or not.”

When you look at the bureaucrats who run the country, especially our political leaders, I think you’ll find that most are attorneys. Federal Reserve Bank Chairman, Ben Bernanke, is a former college professor. He is also an “A” student who became a “B” student (a bureaucrat) and the most powerful banker in the world. And we wonder why we are in a financial crisis.

Rich dad said, “A true capitalist, an entrepreneur, knows how to take a dollar and turn it into a hundred dollars. Give a bureaucrat a dollar, and they’ll spend a hundred.”

And we wonder why we have a global financial crisis.

Become a “C” student

Today, millions of people are relying on “B” students, bureaucrats taught by “A” students, from their financial well being. The problem is that they don’t have your well being in mind. They have theirs.

How do you combat this? By becoming a “C” student—a capitalist. Whether by investing or starting a business, you have to take control of your money and your retirement, not trust it in the hands of those who don’t have your best interests in mind.

Today, I encourage you to start learning how to make your own money work for you—not others