Getting old isn´t the end of the world-
Getting old can be the beginning of a new life
By the time we reach our 50s and 60s, we have grown apart.
Each people has our own distant abilities and experiences, obtained with a lifetime of effort and determination.
Some of us have actually been married multiple times.
Others have remained single.
We are business people and doctors, scientists and personal trainers, teachers and stay-at-home parents.
So, it is somewhat surprising that our mental blocks to starting a business after 50 are strikingly similar.
Let’s explore some of the fears that older adults have as they think about how to supplement their income.
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This basic fear is also one of the most dangerous? Why? Because it operates on a subconscious level.
There are so many stereotypes about older people and, whether we know it or not, they have a powerful impact on our self-image.
Think about it.
How are older people usually portrayed in magazines on TV, and in everyday conversation?
We are almost always presented as mentally slow, tired and, when writers are trying to be kind, “aging gracefully.”
The problem is that these stereotypes are, at best, outdated.
The great majority of 50 and 60 year old are at the top of their game.
Older adults have almost every advantage when it comes to starting a business.
So, my advice is to ignore the myths about aging.
Make an honest assessment of your goals and your skills and start making positive steps today to build the future that you want. ”
Financial advisers correctly point out that the earlier you start saving, the easier your retirement will be.
But, this isn’t the same as saying that we can’t do anything to impact our financial future in retirement.
If anything, building alternative sources of income is more important for older adults than it is for younger adults.
The reason is simple. If you are in your 50sand 60s it is unlikely that you will be able to save thousands before you are persuades to retire. On the other hand, it is absolutely possible for the majority of older adults to create a side income of few thousands a month or more through freelancing or product creation.
If you are already in your 50s or 60s, you no longer have the option to “start saving early.” You are where you are. But, you can “start supplementing early.”
The sooner you start building the skills and contacts that you need to make extra money in retirement, the most successful you will be.
To Your Freedom,