In a recent article by 2 of my mentors, they shared an article by none other than Robert Kiyosaki. I am taking the liberty of sharing it with all my readers too.
“How To Afford A Dream Retirement, Even If Starting Late“
A lot of people who read my books and come to my seminars are Baby Boomers.
Not surprisingly, retirement is on their mind
Experts say that to have a livable retirement, people should set themselves up to receive 75%-85% of their pre-retirement income
But there’s a problem: most people are headed for a retirement where they won’t meet that standard
Depending on the study, the stats go from worrisome to downright terrifying, with some saying that a quarter of Americans have zero – zip – nada put aside for retirement
Maybe they think Social Security will take care of them? That idea would be laughable if it weren’t so sad. Social Security benefits will not even cover basic living expenses for most people
Plus, why would anyone want to live life in a lower standard? I don’t want to lower my lifestyle just because I’ve retired!!!
So what should a person who’s a Boomer or Gen X’er do if they’re in this situation?
Is it too late?
The good news is, the answer is no
But they have to implement some smart strategies starting now
Here’s what I would do
Start a business
“Wait, start a business at MY age?”
Okay, hear me out
I’m not talking about opening up some brick-and-mortar store that takes a ton of money and 18-hour days
Today a person can become an ONLINE ENTREPRENEUR at any age, and make an amazing income
It’s not too late for a dream retirement”