Your Financial Future: Will You Have Enough Money to Retire?
If you are like most people, you wonder what will happen down the road for your retirement. Of course as we are younger we don’t think much about it and not surprisingly, not many people put away for retirement to secure a comfortable lifestyle. As we get older, however, we begin to wonder if we will have enough money to retire and the scary truth sets in: Probably not. At least, not comfortably with peace of mind. There are ways to secure your future though and it’s never to late to begin. One of the most popular ways is starting your own home business which not only gives you income now, but will continue to give you money even when you retire!
How a Home Business Can Help Me Retire
A home business can be run a variety of ways and can be very flexible to work with you now and later when you retire. If you start now, you can earn income which you can put away into RRSP’s or use to pay off bills, debts and mortgages sooner, freeing up your income for retirement.
It can also do so much more. Many home businesses are set up to reward you as your business grows – just like any company really. Whether you are doing trade shows or building a team or a combination of both, you can get your business to the point where you are receiving monthly commission cheques based on your sales and team sales.
Imagine for a moment, if you were making $4,000 from your home business a month. (Keeping in mind it will take you a few years to get your business established to reach this point but it is totally achievable.) Now, imagine your retirement years. While most people are taking money ‘OUT’ of the pot (their retirement fund) you won’t even have to touch your retirement fund because you are still receiving income. Based on your lifestyle you may decide to take out of your retirement fund but realistically, at retirement age, with all bills/mortgage paid off, $4,000/month is pretty good income. it doesn’t have to stop there of course, depending on your activities (ie doing markets or having others do them for you, having a large team etc) you could be making much more. I just wanted to give a number I know is realistic in a shorter time frame with dedication to a home business.
I Want to Retire and Not Work Much
Again, a totally reasonable goal to work towards. With a home business you can build a team that produces sales which you get paid on. Sure, you will still have to keep in touch with your team from time to time, or, if you are making enough income, you can hire someone to work the administration side of things. Leaving you plenty of time to relax and set your own schedule for the things you wish to do.
If you choose a home business that is flexible you can set it up how you wish and have all the freedom you desire with the perks to go with it.
Best Home Business to Secure My Financial Future
In my opinion, I would go with a J.R Watkins Home Business. Sure, I’m a bit biased as I’ve been an Indep. Consultant for 10+ years, but I’ve also tried other home businesses (some for fun, others to see if they make income, others just to get the discounts) and by far, I have found J.R Watkins the best one.
With J.R Watkins you have a very flexible business, no auto-shipment policy and freedom to market and sell in Canada and the USA. You can do trade shows, parties, direct sales and build a team. There are plenty of resources available for training as well. J.R Watkins has a wide range of quality everyday items that people ‘need’ vs ‘want’ which is important. They have been in business since 1868 (almost 150 years now) and have always treated their consultants good and fair. You can be confident in starting a business with J.R Watkins for the long-term.
I started my business with the goal of building a team, though I have also done trade shows and direct sales for immediate income. I have used the immediate income to pay off bills and debts, freeing up our other income to go into RRSP’s for the future. Then I worked on building a team which has enabled me to receive stable commission cheques that grow year after year in amounts. By the time I retire, which will be early retirement, I will have income coming in with a good size nest egg to draw upon should I need to.