Do You Have a Back-up Plan?
This a Public Service Announcement.
Retirement by the Governments own statistics:
* The average savings of a 50 year old in the U.S. is $2500.
* 32 Million Americans are currently threatened with bankruptcy.
* More than 1,000,000 [1 Million] filed for bankruptcy in the year 2000.
More Statistics…
Out of every 100 people who reach the retirement age of 65 (although most won’t be able to retire at that age):
* 62 retire with less than $25,000 in assets and depend on Social Security or
family for their retirement.
* Another 35 retire with less than $100,000, have some form of pension in
addition to Social Security and are just making it in their retirement. If
either Social Security or their pension went away they would have a very
difficult time surviving.
* 2 of the 3 remaining retirees have an adequate pension or retirement
account. They have assets of between $100,000 and $750,000. They do appreciate
having the additional money they receive from Social Security, but could survive
without it.
* The last of these 100 retirees, is the only one who is financially
independent. This retiree has assets approaching or exceeding $1,000,000. They
do not need the income from Social Security at all.
But there is hope:
Start a pro-active plan NOW! If you want to be able to live financially
stable now and into your “golden” retirement years, you need to make changes in
the strategies you’re presently using.
One other pro-active move you can take is to join the home-business boom. It is the next big trend. CNN reports
that a new home based business is started in the United States every 11 seconds.
Why? Well because a new home based business offers a low start-up investment
compared to a brick and mortar, or franchise business, low monthly overhead, and
you can start part-time while still employed, and create time leverage, residual
income, and tax benefits for yourself. Tax expert Sanford Botkin says that a
home business can result in tax savings of $3,000 to $9,000 per year.
Follow this trend, however do proceed wisely – you don’t want to get into a
situation where you are wasting time or money out of your pocket.
Make sure you do your research. You are looking for an income generating
system that allows you to build substantial supplemental income, PASSIVELY;
where you don’t have to give up your life, or your spare time to run it
successfully.
Here’s one possible avenue to get your freedom. http://gillincorporated.org/healthycoffee.php
