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By Jim Green
The call to earn money in retirement is fast becoming a necessity and this is so because
when you retire from the workplace you continue forevermore to face the prospect of
escalating living expenses: food, shelter; clothing, power supply, insurances,
communications, income tax, etc, with less left over than you had at your disposal before
for enjoying the minor luxuries of life.
For the majority of seniors the prospect is doubly daunting as a direct result of vastly
reduced incomings due to the world wide pension crisis and so the need to earn money in
retirement becomes imperative.
What do you do when there is too much month left at the end of your pension - do you bite
the bullet and settle for cutbacks in the quality of life?
Not inevitably so because with tried and tested guidance you can stretch your abilities to
make some extra cash in retirement and for some this is not so much an option as a
necessity.
How do you visualize life in retirement?
You have reached or are approaching your 60th/65th year and are eligible for retirement. Or
maybe you’re only 50 and opted out early.
o Do you punch the air with a tightly clenched fist now that you have finally escaped from
the workplace?
o Or do you ask yourself, ‘What do I do now?’
For many retirees, lounging around the house or lying in the sun in a deck chair is not a
prerequisite for third age enjoyment and fulfilment.
While the world is undoubtedly aging and the number of elderly people is increasing, the
current crop of senior citizens is in better health and lead longer, more active lives than
their parents did.
o They want action, not eternal relaxation;
o Excitement, not enforced leisure;
o Accomplishment, not resignation.
Conventional retirement is just too dreary, and many remain emotionally unprepared to throw
the working life concept entirely to the wind. Some could also make good use of
opportunities to increase basic income.
So, in lieu of conventional retirement, a significant number of third age people are
turning to entrepreneurship as an alternative.
With valuable commercial skills acquired through years of practical experience, many of
these retirees give serious consideration to launching their own businesses. They believe
they still have what it takes and are highly motivated to succeed on their own.
Is it hard to earn money in retirement?
o Is it so restrictive that only a small number can succeed?
o Is it so demanding that only able-bodied retirees can make a go of it?
o Is it so difficult that only the super-intelligent stand a chance?
No – anyone can do it. If, for example, you are disabled or handicapped to some degree and
would find it impossible to engage in a physical money-making activity you can still
participate in ‘online’ enterprise - for which alternative route you will find many
options.
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