Due to their investment loss, John and Mary, our 58 year old friends, are in a state of panic over their retirement plans. Instead of having over $50,000 a year annual income, the drop in interest rates and 401K loss, leaves them with barely $16,000 in annual income.
They realize that they no longer have the time to use the traditional approach to save or invest to build up a cash fund that then is invested at 7 to 10% to give them income to live on. They won't live long enough to save enough and they want to retire in the next couple of years, not ten years from now. They need cash flow to live on now.
They have been advised to look into starting a business to create monthly income.. They do not want to work full time. They do not want a business that only makes money when they are working. They want to retire not go back to work for another 10 years. They don't have much money to use for a business due to their investment losses.
They need a business that will work for them even when they are sleeping. They need a business that will allow them to travel and spend their time the way they want. They want the financial freedom that their investment loss has taken away from them.
As J. Paul Getty, one of the first billionaires said, a product that goes up the smokestack, down the stomach, or down the drain. It gets used up, so the buyer needs to buy more. John and Mary want a business with a product that gets consumed and re-ordered.
They want a business that allows them to earn not only from their own sales, but also from the sales of others. As Mr. Getty said, they want 1% of the efforts of 100 people rather than 100% of their own efforts.
They don't really like to sell, so they want a business where buyers can educate themselves on a product and make a selection with either John or Mary selling them anything. Their example is buying toothpaste. You make your own selection at the store and no salesperson gets involved.
They also want to have a business that they can operate from anywhere in the world, perhaps over the internet, with just a phone and a computer.
They are not alone in suffering from investment loss and would like to be able to be successful themselves and then be able to recommend to others that they take a look at a tried and tested business plan. They want to be able to share something good, just like they would with a good movie or good restaurant, but also get paid for making the recommendation.
Most importantly, they want that tried and tested business plan. They do not want to invent the business or do a start-up. If they could just become members of an established business and pass on the details, that would work perfect for them.
John and Mary are desperate for a solution. They must do something different to make up for the investment loss they have suffered. Many, many baby boomers are now in the same predicament and look for step by step instructions on how to succeed in generating that cash flow. Instead of growing an investment fund that makes money, they need a business that spins off the same cash flow month after month. It is a different concept but one which has the same result, monthly cash flow. - 15790
They realize that they no longer have the time to use the traditional approach to save or invest to build up a cash fund that then is invested at 7 to 10% to give them income to live on. They won't live long enough to save enough and they want to retire in the next couple of years, not ten years from now. They need cash flow to live on now.
They have been advised to look into starting a business to create monthly income.. They do not want to work full time. They do not want a business that only makes money when they are working. They want to retire not go back to work for another 10 years. They don't have much money to use for a business due to their investment losses.
They need a business that will work for them even when they are sleeping. They need a business that will allow them to travel and spend their time the way they want. They want the financial freedom that their investment loss has taken away from them.
As J. Paul Getty, one of the first billionaires said, a product that goes up the smokestack, down the stomach, or down the drain. It gets used up, so the buyer needs to buy more. John and Mary want a business with a product that gets consumed and re-ordered.
They want a business that allows them to earn not only from their own sales, but also from the sales of others. As Mr. Getty said, they want 1% of the efforts of 100 people rather than 100% of their own efforts.
They don't really like to sell, so they want a business where buyers can educate themselves on a product and make a selection with either John or Mary selling them anything. Their example is buying toothpaste. You make your own selection at the store and no salesperson gets involved.
They also want to have a business that they can operate from anywhere in the world, perhaps over the internet, with just a phone and a computer.
They are not alone in suffering from investment loss and would like to be able to be successful themselves and then be able to recommend to others that they take a look at a tried and tested business plan. They want to be able to share something good, just like they would with a good movie or good restaurant, but also get paid for making the recommendation.
Most importantly, they want that tried and tested business plan. They do not want to invent the business or do a start-up. If they could just become members of an established business and pass on the details, that would work perfect for them.
John and Mary are desperate for a solution. They must do something different to make up for the investment loss they have suffered. Many, many baby boomers are now in the same predicament and look for step by step instructions on how to succeed in generating that cash flow. Instead of growing an investment fund that makes money, they need a business that spins off the same cash flow month after month. It is a different concept but one which has the same result, monthly cash flow. - 15790
About the Author:
If you are concerned about recovering from IRA losses, James (Jim) Montgomery recognized as a Texas Super Lawyer explores tried and trued methods of replacing that IRA losses cash flow without waiting years to build a retirement account.