Tuesday, January 29, 2008

We need residual income if we want to retire..

I am 30 years old and the more I hear about the years to come and when I reach retirement age it scares me. Will the money I pay in to Social Security even be there? Not just that, can I live off of that and what I can afford to pay in to my 401K with 2 kids? It's not like I have a lot of extra $. I read this article and I think it is something we need to all think about!!

Residual income is money earned today on the work you have done in the past. Which means, you can live the life of your dreams and still earn an income to support yourself while you do. The baby boomer group will be the largest group in history to reach retirement age at the same time.
The sad part about this is that many of them will not be ready for it. Many boomers will have to continue to work in their retirement days to earn an income due to poor retirement planning. Some planned well but the cost of living will increasingly eat up their retirement funds they do have. Still others will want to stay active doing something with a challenge yet fun and on their own time and in their control. A home-based business of their own continues to be on the top of their list. More people today are starting up a home-based business in Network Marketing because it offers the average person an opportunity to earn above average income. No special schooling is needed because you learn as you earn. Look at some of the facts:· A new home-based business opens every ten seconds. · 25% of North America is involved in some sort of home business. · The average home-based business generates over $50,000 yearly in income, while the average working wage is only $22,000 in North America.Did you know that 9 of 10 families now need two working members to just make ends meet? Surveys indicate that 85% of all North Americans would like to own their own business. It's true that individual results can vary, but if you've been around network marketing at all, then you're probably already aware that many people have and do build large organizations of hundreds, even thousands of people like this all the time. Once you build your income to whatever you want it to be earning per year, you can then stop working if you like but you will continue to earn this income well into your future. Better yet, you will see an increase in your income each year afterwards as others who you have trained continue to work on their goals as you have done.

Want to know how you can do this and not have to worry about what we are going to do later down the road??? Visit my website http://www.goinggreen4cash.com/. I have started building an income I will receive for the rest of my life, then also pass on to my kids.

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