The Transition Into Retirement

Unfortunately the transition into retirement is not always as serene as many of us Boomers thought it would be

A report released by Ameriprise Financial on February 3, 2015 taken from 1000 Baby Boomers who have already retired unearthed some interesting findings:
Quoted from Huffington Post:

  • 47 percent felt ready to retire but had mixed emotions
  • 25 percent made the point that they felt stress after being retired for some time
  • 21 percent were uncertain or realized that they were not ready to retire after the fact
  • 22 percent said that they were spending more money in retirement than they had anticipated
  • 24 percent came to the realization that hey had underestimated their income needs
  • 28 percent reported that they were spending less money than they had anticipated
  • 16 percent were forced to retire by their employer, or were offered early retirement incentives or lost their full time jobs

The conclusions drawn by these statistics is that

  1. You need to be emotionally prepared for your retirement
  2. It is important to be in control of your retirement decisions
  3. You need to have adequate retirement income in place

Hopefully the above stats will urge the younger Boomers to take steps now and prepare for retirement.
Make that PLAN to hedge against anything the world might have hiding round the corner to throw at you!  I can promise you it suddenly appears as if out of the blue and if you haven’t invested smartly you could be one of those statistics.

Go well till the next time
www.flipping2retirement.net

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Our Food is changing shape

I have watched with fascination as the chefs on TV have brought the most strange food for us to eat…

Food that doesn’t look anything like in it’s raw state like the Magic mushroom starter Heston Blumenthal style
the first chef  to twist my foodie mind and included Exploding volcanoes!

Now if you have the inclination you can be like Blumenthal. Get yourself a 3D printer and print out a wide range of different foods,I have watched a face being printed on to a pizza and chocolate leaving a message on your plate

Now you can PancakeBot your pancakes!

This 3D printer moves, and works just like a normal printer, but instead of squirting out ink or some plastic substance, this one squirts pre-mixed pancake batter onto a hot skillet. You simply programme it by drawing out any shape you desire.

Check out the video below to see it in action, get inspired to design pancakes like never before eaten!!

What a great hobby to take up in retirement! Who knows you may even be able to turn it into  a fun way to make some extra income…

Go well and cook up a storm!
www.flipping2retirement.net

 

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To be successful in investing you have to start!

This is certainly true you do have to start!

I think a lot of folk are put off by not  believing they have enough to invest, I certainly thought we only had the pension. But I was wrong! I started with just US$100 and have slowly added to that each month. There is always a little over at the end of a month that I’ve managed to save. No coffees in restaurants, this month 🙂 It all adds up.

Then I have watched our pension being invested in the traditional way and thought but we don’t live in traditional times any more!
I personally think it’s time to rethink. So I have. I have looked around for other ways to make my money work for me in small amounts, purely and simply because I don’t have huge amounts

I found that I’m not alone. There are many investment houses opening up to the idea of crowd investing using comparatively small amounts of money, primarily in property but not entirely.

Crowd investing means you use smaller amounts of your money spread over many more investments giving you quite a portfolio.
It also means that if one doesn’t perform as anticipated only a small amount of your money is effected. I like that idea and I’m very comfy with the idea of sharing in the buying of a property with a gang and then sharing in the profits too.

In the UK with the new pension rules coming into play in April, to me it makes sense to hold control over your money on a shorter term than the normal stocks and shares allow. As I understand it investment in stocks requires you to be vigilant quarterly but to not really expect much till about ten years have lapsed. I know this is my very naive version but I also think I’m not alone. So to me to put my money into several properties that are either flipped or kept for only a couple of years as a buy and hold rental property makes real sense.

Chinese investors are likely to buy $20 billion worth of properties overseas in 2015, up 21% year-on-year, forecasts Jones Lang LaSalle.

The Chinese wouldn’t be spending so much if they were unsure – would they?They seem to be canny investors generally, so I’ll follow suit in, this year of the sheep.

Since I took control of our savings and I got educated I’m feeling confident that the choices I have made are good and they are certainly offering up some good profits to date. Way better percentage returns than any bank could offer and I feel more secure than leaving it to a third party investing in stocks

Go well till the next time
www.flipping2retirement.net
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Boomers go Travelling in 2015

Do you like travelling?

I love visiting new places and even better if its a new country and culture!

It seems Boomers in general love to travel, as according to AARP’s member survey of 2014
* Boomers will make about four to five trips in 2015 and one-third of employed Boomers plan to work while travelling.

Doesn’t that just back up all that I have been saying recently about Boomers being great entrepreneurs and users of technology. How else could those statistics work?

This is exactly what I am doing with a little help from my mate Pete Carruthers. He’s not a real mate as we only have a student / tutor kind of relationship but I’ve been listening to his business guidelines for several years now and with the weekly webinars I do feel I know him well. I certainly trust him too guide me successfully into an online business.

It’s when you have an online business that you start to get the beginnings of freedom in your life. If you do your research well you are able to market whatever is your chosen product from anywhere in the world that has Internet access. Pete is regularly found in a coffee shop.

Online businesses come in many guises:

  • An online shop selling goods from a supplier
  • Selling and buying by using platforms like Amazon
  • A membership site where people pay you weekly, monthly etc for information
  • Sell your skills as freelance
  • Sell training of those skills or
  • Develop a course to sell
  • Blogging which can earn money if you Advertise on it
  • Affiliate marketing – when you promote someone else’s product and earn a commission if your referee buys the goods
  • Network Marketing

Obviously there are plenty of us Boomers who love the computer and have become entrepreneurial on the Internet. I love travelling around, logging in whenever I fancy, checking in on my business and either placing another investment, listening to a webinar,  writing to a client or even Skyping them.

Boomers were made to enjoy being retired and  wandering the universe all the while making sure they have a passive income to make it all possible.

If you haven’t started yet, give it a go it’s great fun and lucrative too!

Go well till the next time
www.flipping2retirement.net

Sources:

  • AARP.com

 

 

 

 

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Is Investing risky?

Robert Kiyosaki has said that
“Investing isn’t risky; not being in control is risky.”

I certainly wouldn’t say otherwise as the man is well known for his business success, however it gets you thinking doesn’t it?

We left a big part of our pension to some professionals who, doing their best no doubt, managed to put it in stocks that have diminished our capital by a third already. We have no option but to sit it out and hope the market comes back. But partly we are to blame.

We were very trusting and naive!

  • We didn’t know what questions to ask – so didn’t.
  • We knew less about the stock market.

The realisation that we have lost a third of our life savings was a jolly good wake up call all be it a bit late. We did realise our pension was rather on the meagre side but were rather in denial hoping it would right itself magically! Of course no control was where the risk crept in.

I have now taken courses and become much more educated in the world of investing.
I have taken a much more ‘hands on’ approach  with our savings and investments.

We are no longer ambling aimlessly towards retirement.
We have a plan with structure and vision. It is workable and able to be adjusted.
We are feeling so much calmer knowing exactly where we are headed and how long it will take to get to the end.
Our education has empowered us with new found confidence instead of bleak despair!

With the help of Pete Carruthers, guiding me through the intricacies of Internet marketing and Robert Kiyosaki training me in the property investing world I embarked on both. I have an online business and I am investing in property internationally, with some network marketing thrown into the mix – All with a new found confidence and realisation that it is no more risky than leaving the decision making to the professionals as before. However it is a lot more rewarding and less stressful to be in charge of our own money / future.

Of course I use a bunch of people  to work with. To help in the decision making you need to reduce the risks as much as is possible by researching and asking questions to make  knowledgeable decisions.

I highly recommend it 😀  Why not join me?

Investing isn’t risky; not being in control is risky!

Go well till the next time
www.flipping2retirement.net

 

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Wearable Bananas – Really!

Giving Bananas a High-tech Makeover!

Dole Japan have been sponsoring the Tokyo marathon since 2008, handing out their nutritious bananas to runners to help them regulate fluid and energy levels during the race. But this year, Dole will apparently be giving the fruit a high-tech makeover, providing two marathon runners with what they have proudly named ‘the first edible wearable‘ — a GPS-powered banana with an LED display that integrates the latest fitness tech into the high potassium snack

https://www.youtube.com/watch?v=tzCrsuTRfmo bit.ly/1mR0g2P

Is this a joke or really genuine?

Go well till the next time
www.flipping2retirement.net

 

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