Can A Home Business Replace Your RRSP?

More and more people today are coming to the realization that their retirement years may not be as secure as they once hoped.

Job security is a bit of an oxymoron these days. People just don’t find a good company and work there for 40 years to retire on a full pension anymore.

For one, pensions don’t exist, or at least not the defined benefits plans of decades ago.

Secondly, people reaching retirement age are often let go early by corporations to cut down on paying big salaries and avoid paying out pricey pensions.

That’s if anyone even sticks around that long anymore. I’ve been hearing for at least a decade that most people of working age will have 7 or 8 different careers in their lifetime. That’s not 7 or 8 different jobs, but 7 or 8 different careers.

Doesn’t seem so far fetched to me considering I’m in my early 40’s and am already on my 3rd career.

I think people today are looking for options.

They’re getting restless, and feeling disconnected from their passions.

They’re realizing that the world is changing…

Options are out there…

The world is shrinking, and technology is innovating.

It’s no longer necessary to find a good job and settle in for the rest of your life.

Today, you can work from wherever you happen to be.

You can leverage your time and efforts by utilizing technology and outsourcing tasks.

Here’s a short excerpt from the article I mentioned above and one of the most powerful points it made on the subject.

In fact, 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 such as replacing a work identity, staying relevant and connected, as well as keeping mentally and physically fit.

One of the reasons I liked this article so much, is because it didn’t just focus on the financial benefits of joining a home business.

While that’s often the primary reason people will join, the intangible benefits many times become the main reasons they stick with it.

Some of those benefits are things like:

  • Ongoing personal development
  • Being surrounded by optimistic and positive people
  • Travel and enjoying the energy of company events
  • Inspiration and motivation from seeing others succeed
  • Support and encouragement from people who believe in your dreams as much as you do (sometimes more)
  • Reduced stress levels, and working on your own schedule
  • Better health and wellness from using higher quality products

Not everyone comes to this industry to get rich and live on a beach. For some people, making a couple hundred extra dollars a month makes all the difference. For someone on a fixed income, it could mean being able to eat or not.

With the world as unsettled as it currently is, and so many people out there looking for work, I believe the home business industry is about to experience a massive boom. Much like the baby boomers who are now discovering their retirement years and their RRSP’s might not be as bountiful as they had hoped, younger generations are also seeing the writing on the wall.

They’re coming to the realization that creating a comfortable retirement is going to require a massive nest egg, or a long term passive income source. Having a home business is a great way to build that passive income source. It won’t be instant riches, but neither is working for 40 years and hoping to save some of your wages along the way.

Like Eric Worre says “network marketing isn’t perfect, it’s just BETTER!”

What’s your retirement plan?

Are you socking away money in your RRSP’s?

If you are, I hope you’re paying close attention to the fees you’re paying (read Tony Robbins latest book), and know that another major market crash is entirely possible in the near future which could wipe out years of your efforts.

I don’t want to see anyone go through that kind of pain. I did in 2008, and that’s why I’ve taken my financial future into my own hands and put systems into place so that I’m not ever at the mercy of the market like I once was.

If you are feeling vulnerable, then my highest recommendation is to start doing some research. Find out what your options are. Visit my financial education website and download the free excerpt from my upcoming book or sign up for a free trial of the full program.

And by all means, work at your job to create a living, and then work on your own time to create your fortune. Having a home business is a great vehicle to do that with, and I’d love to help you reach your goals.

Click here to discover the simple system 1000’s of people are using to create an online income part time.

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