What You Must Consider When you Stop Working for Money


Retirement (Photo credit: Wikipedia)

You may be in trouble down the road if your image of retirement is one of unbridled freedom of time and money, especially if you’re living on savings. If your principal income is a pension (guaranteed for life), social security, and/or annuity distribution (guaranteed life income) you will have built in a a modicum of safety.

However, if you have built most of your portfolio on stocks, bonds, and mutual funds (including your 401(k)), you must be diligent to see that they are retaining or increasing their value over time. No one has a crystal ball, but you don’t need one if you learn to read signs – in this case, market reports, statements, and pay attention to trends around you.

Please read this article form CNBC to inform your opinion of next steps: 5 Crucial Retirement Years for Your Money.

And learn to take the guesswork out of your retirement as much as you can. That small change you make today could make all the difference tomorrow.


10 Reasons To Start Earning An Extra Income

Home based business and other alternative earning methods have become widely accepted all over the world. In a world of uncertainty, it makes sense to create income not subject to potential downsizing, office politics, and arbitrary decisions by superiors. Imagine how it would feel to get up and not hurry to the office in heavy traffic, listening to your inspiration for the day and working with clients and activities you choose. If you are willing to do extra work or travel for your boss, you should be more than willing to do that for yourself, especially if it would improve the quality of life for you and your loved ones.

More options exist now than have ever existed, due to the internet and miracles of technology. Here is a short list of possibilities:

  • Retail Arbitrage (Ebay, Amazon Marketplace, etc.)
  • Affiliate Marketing
  • Digital Products
  • Service
  • Writing and Publishing
  • Network Marketing
  • Write online courses

Consider the benefits:

1. Be your own boss. Freedom of time, travel, goals, finances: everything left to you.

2. Work according to your own schedule. Flexibility is key to enjoying the important things in life. Some things only come once. Be there for them.

3. Keep your existing job until you make twice as much part-time as you do full time. You need the momentum and confidence that comes with longevity in your work. Sometimes, you need the friction of the daily grind to anchor you to your dream.

4. Eliminate job insecurity and fear of unemployment. How much is having increased confidence for the future worth to you?

5. Self confidence increases. This factor will help you face most hurdles in life with less heartache and stress.

6. Limitations of earning do not exist. You can earn as much as you want by outsourcing, duplication, or scaling up.

7. You may enjoy tax benefits since some of your activities and purchases will be deductible. Check with your tax accountant.

8. You can retire on your own timetable. Work with a planner to see what it will take to do that.

9. Many of us work for others because of the sociability, sense of accomplishment, or praise. You can replicate that elsewhere, and make more income as well.

10. You create an asset – a vehicle that pays you money, or that you can sell or leave to your survivors.

Outside income does not come for free. It involves hard work, but is a joy, especially when you are able to exercise your strengths and passions. Listen to podcasts, read books, and most of all, find your fit and go to work.


Work at Home Now – Review


telework (Photo credit: Roberdan)

More people than ever are  making a living from home. I’ve read some books on the subject, and this book stands out for me:  Work at Home Now: The No-nonsense Guide to Finding Your Perfect Home-based Job, Avoiding Scams, and Making a Great Living. The authors take on the subject in depth; there is a lot of detail and they update on their website: RatRaceRebellion.com. While there’s a lot of hype and deception in the world right now, accurate information will save days, months and money in your search for alternative income.

What the book is NOT:

  • MLM.
  • Advice on how to set up your work space.
  • Spammy links to fee-based “directories.”
  • A guide to running a local business from your home, such as piano studio, contractor’s office, etc.

What the book IS:

  • An exhaustive table of resources for jobs with established companies that use people who do their work from home instead of from a cubicle.
  • Exhaustive in teaching how to detect scams.
  • Full of advice on how to best use Aggregator sites to find your next employer.
  • A test to see if you are ready to take the step.
  • A guide to using the internet to secure free-lance work.

The book is easily readable and packs a lot of information into a small space. The “Jobs by Type and Where to Find Them” section is almost 100 pages of tables, making it easy to find companies which hire directly for your skill set.

The chapter headings best describe their content:

  • Chapter 1: Work-at-Home at a Glance
  • Chapter 2: Are You Ready to Work at Home?
  • Chapter 3: Convincing Your Boss to Let You Work From Home
  • Chapter 4: Developing your “BS” (Big Scam) Radar
  • Chapter 5: Good and Bad Work-at-Home Job Search Terms
  • Chapter 6: Jobs by Type and Where to Find Them
  • Chapter 7: Finding Work-at-Home Jobs on the “Big” Job Boards
  • Chapter 8: Finding Home-based Jobs on Job Aggregator Sites
  • Chapter 9: Networking for Jobs, Allies, and Friends
  • Chapter 10: Virtual and Telework-Friendly Companies
  • Chapter 11: Freelancing at Home Gig-to-Gig
  • Chapter 12: Making a Little Money on the Side
  • Chapter 13: Your Telework Resume and Interview
  • Chapter 14: Tips From the Trenches
  • Appendix: Websites Mentioned in This Book.
  • About the Authors

The book is available in paperback, on Kindle, and from Audible.com. I recommend the paperback version so you can dog-ear the pages, mark it up, and find things easily. Whether you’re folding your economic parachute or find yourself in financial free-fall, this book is THE must-have guide to locating a job you can do from home and be paid reliably.

Other resource: The Simple Truths of Service

Swimming with the Tide

I came across a story today by Patrick Martin on the World Socialist Website which asserts that 100% of U.S. job growth since 2005 is in “alternative work arrangements,” otherwise known as part-time, temp, contract, or on-call. The statistics he quotes are quite alarming, particularly for workers 55 and older.

“…the figure for those aged 55-74 rose to 23.9 percent, nearly one in every four workers in the oldest age bracket…figures were sharply up from 2005 and 1995.”

Read the whole story here.

Martin goes on to say that the proportion of contingent workers holding multiple jobs has quadrupled in the past ten years from 7.3 percent in 2005 to 32 percent in 2015. One out of three people working for wages only are working two or more jobs just to make ends meet.

What does this mean for us on a day-to-day basis?

Consider these actions:

  • If your current job has benefits (health insurance, 401(k), etc.) and you are capable and established, be grateful and be sure to continue to make yourself useful there for as long as it makes sense.
  • Create assets for yourself:  fund your IRA, seed your savings, explore other assets you can purchase or create such as real estate, business, and/or intellectual properties. Continue to improve and broaden your skill set. You may be packing your own parachute if employment trends continue in the way they’ve been going.
  • Supplement your personal protection:  buy personal Disability Income and Life Insurance, Annuities and investments. Learn about these vehicles to find the best products for you, and learn how you will use them in the future.
  • Keep your attitude positive and forward looking. Never leave something for nothing. Discover your strengths, set your priorities, and keep true to your ideals.

Life is interesting right now and will only become more interesting in the future. (Interesting is a polite way of saying “tricky” or “difficult.”)

Younger people should spend time with and learn from older people. Learn from those who made wise choices as well as from those who did not. It’s your way of skipping to the last chapter of your own book of life to see how it is going to turn out. Copy the strategies of those who chose well in order to avoid the regrets of those who did not.

Whatever you do, do not stick only with the “automatic” plan. (You have no guarantee that what you have through work alone will be enough.) The “automatic” plan is like going to Las Vegas with the notion “I’m Lucky” as your  plan of action.

If you need or want additional, supplemental, or replacement work, here is a resource that might be useful to you:  Flexjobs.com.

Here is what some reviewers have to say:





What are you doing today that will affect your tomorrow? We’d love to hear your comments!

Boomers Have Big Hopes For Small Businesses

By DJ Christensen

By DJ Christensen

As we approach retirement age, many of us baby boomers are considering alternatives to retirement.  A growing number of us plans to forgo golf, travel and other pursuits in order to continue working through what have long been considered the retirement years. According to a report by AARP, 80 percent of those born from 1946 to 1964 plan to work after retirement.  Some of us are starting a business. In fact, AARP reported that 40 percent of U.S. entrepreneurs are over 50.  For those thinking to take advantage of this trend, Paul and Sarah Edwards, self-employment lifestyle experts and authors of “The Best Home Businesses for People 50+,” offer some advice. “Starting a small business out of the home at any age can be very challenging but rewarding.  Sarah and I have developed a few tips for our fellow boomers to keep in mind when embarking on this exciting new phase of their life.”

  • Do it Your Way. A home-based career allows you to decide everything from how much time you want to dedicate to your business to where you want to be located.
  • No More Office. Many experts believe that taking a business online is the easiest way to accomplish your goal of working while maintaining freedom. If your small business is located online, you have low overhead costs and can be found by customers around the globe without regard to where you are located.
  • Have an Online Presence. Virtually every business can be helped with a presence on the Web. This is easier than it seems if you work with a reputable Web solutions partner.  For example, Network Solutions focuses on small businesses by offering products and services such as Do-It-For-Me Web sites (DIFM), easy-to-use templates and 24/7 customer consultants. Such services provide you with a Web partner that will enhance your business.
  • Do What You Enjoy. “Becoming your own boss is an opportunity to do something you want to do,” says Sarah Edwards. “For example, you can spend as much time as you want on a hobby because you’re making money in the process, or helping other people, or working with the kind of customers you choose to work with.”

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