Now that baby boomers are heading into retirement their lifestyles are changing.
( See Baby Boomer Trends)
They’ve put in the hard yards now they want flexibility.
Yahoo Poll: Most Americans Dream of starting a business
According to a Yahoo Inc. poll, two-thirds of Americans have entrepreneurial aspirations, and a growing number of baby boomers say they would never be too old to launch a business.
Evan though the shift is away from work, they still expect a quality of life that demands an income they are use to. For many that is creating stress. The big question is will you be one of the rich boomers or poor boomers in your retirement?
At 88 she has nearly completed a DVD! This will be a fabulous legacy for not only her grandchildren but a historical legacy of a bygone era, life and experiences otherwise quickly forgotten.
You CAN Do It!
Passion
Each and every baby boomer has ‘something’ of value to pass on. A passion, life experience, skills and knowledge and be turned into baby boomer income with a little bit of creativity.
Once the foundation is laid providing valuable content, you can then throw into the mix ‘automated income’.
What I mean by that is, set up a base of income that comes in 24/7 with or without you. A little ‘non traditional’ but it is a model that works VERY effectively. Here is what I’ve done:
my residual income to see what I mean.
Link that to an automated income and bingo. You are on a winner.
Combine all of these elements together with your other sources of baby boomer income and you’ll have income that truly provides a balanced lifestyle, self confidence and enjoyment of your sunset years.