Tag Archives: future self

Laptop + internet = automated business

Not long ago, if you wanted to build a physical products business
you’d have to:

  • build a warehouse,
  • hire warehousing staff,
  • pack and ship orders,
  • and manage inventory yourself.

Not any more.
Because of massive changes in technology and available resources, you
can now build an entire physical products EMPIRE with just a laptop
and an internet connection from anywhere in the world.

In fact, Matt Clark and Jason Katzenback, have built their own
physical products businesses while living in France, traveling through
Thailand, South America, Central America, and the Caribbean… all
while helping other people build THEIR own businesses.

They just released the second video of a brand new four-part series.
This new video shows you how to find suppliers from all over the world
that are waiting right now for you to contact them and do business
with them. And you’ll learn how you can AUTOMATE this entire business
using Amazon’s resources.

>>Click here to check this brand new video out now (before it’s too
late)

Make sure you’ve watched the first video too
and see what all the BUZZ is about….

Stay tuned for the next two videos releasing VERY soon.

Go well
www.flipping2retirement.net

 

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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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Investing is a plan

 “Investing is a plan, not a product or procedure.”

My Financial education has been coming in drips and drabs all my life but the real kickstart only came five years ago with the awakening jolt of early retirement being thrust at us.

My husband and I were forced to look at our various pension plans and put together a detailed financial plan. That was a cold shower of note, the realisation that we really did not have the funds to retire yet! Does this ring any bells with you too?

What were we going to do about it? – A plan was needed but it had to be achievable/believable because in this position you can’t afford to not reach the goal.

Our plan formed itself into a

  • He’ll work for the cash
  • She’ll get educated on how to grow the money

My husband went back to work and I got financially educated and shared with him.
Robert Kiyosaki’s Rich Dad course was instrumental in helping me focus and untangle all the figures until I could understand what we had and what we needed to have. You might find that like myself you have left it a bit late, but rather late than never.

I also played Kiyosaki’s Cashflow game online. It was a fun and simple way to drum into my head where the priorities lay when trying to get out of the hamster wheel and head towards financial retirement freedom. It’s different for each of us but if you have a plan you are well on the way to getting there.

What have to learn and How to do it

  1. Determine Where You Are Today – you need an accurate picture of where you stand financially today so make your financial plan (Rich Dad has a great forms to help you)
  2. Set Your New Goals – Do you want to be Secure? Comfortable? Or Rich? No good just saying rich either you have to see what rich is to you and then decide if you are really prepared to work hard and smart enough to get there. Most of us just wish we were rich the effort to become rich we find is too far outside our comfort zone so we pass but tell ourselves all sorts of stories to make it acceptable to pass on doing the work. Identify your deep-seated reasons why you want to be rich then you have your own incentive; not something fluffy and nebulous.
  3. Take Control of Your Cash Flow – First look after your “disposable income” and make it a little less disposable by cutting out the unnecessary bling from your spending – Invest it instead. With a bit of education of the right sort you can learn to look after your own finances and, I must say it is very comforting, to realise that you can understand what to do and are not solely reliant on others informing you on investment performance once a year. Stock crash victims will know what I’m saying here.
  4. How Are You Going To Get There – Again this is dependant on your personal preferences set out in your plan (mine was property rather than the stock market) The idea is to convert your earned income into portfolio income or passive income as efficiently as possible.
    This will not only put your money to work for you but also increase the chances that your funds will grow.
  5. Become an Investor – You might find this idea scary and risky because your family and friends and maybe you have lost but how else does money grow? – Certainly not in the bank!
    Risk is in everything we do from crossing the road to driving a car but we learnt how to do both of those well enough to make the risk acceptable enough to enable us to cross roads and drive cars!
    All you have to do to lessen the investment risk is to get educated.
    Take your ‘financial investors licence’ then when you invest you can do it having analysed the market knowledgeably and continuing to watch it with your educated eyes and to know when to take any action. Become your own best asset, instead of your own liability. 

Kiyosaki says
Be prepared for anything. Don’t try to predict what will happen or when.
The Zen swordsman disciplines body and mind to counter any blow spontaneously. He does not anticipate the moves of an opponent, for that impedes his ability to react. Likewise professional investors know they cannot control the real estate or stock market, let alone the global economy. Instead, they train themselves to be financially intelligent, to think confidently and creatively when opportunities or problems arise.

“Skilled investors are in control of their investments; employees are under the control of their employers.”

Finally:
Learn to trust that, when a good deal presents itself, There is risk in every investment, but risk is a relative term. Since risk is often directly proportional to reward, anyone who hopes to become wealthy must be able to invest more aggressively than someone who’s content to be secure. The more financially educated you are, the less risk you’re taking.

Rich Dad Tip
“The reason most average investors lose money is because it is often easy to invest in an asset, but difficult to get out. Your exit strategy is often more important than your entry strategy.”

Invest away till the next time – go well
www.flipping2retirement.net

Seniors Who Google

I don’t know about you but I LOVE Google!

I have been using many of their products for years and as they bring on a new one I usually have a go.

I have used the maps extensively to work out where to go, sneak peek at places around the world, to checkout the authenticity of company addresses and to give me accurate mileage for my log book. On top of that I found that there are clever folk who use Sketchup7 to draw exact replicas of buildings around the world and they attach them to the map, so awesome.

I also found that you could even organise a scavenger hunt using the map and Google searches Fun!

Browsing the internet on Chrome is a total pleasure and extremely fast and now very intuitive, sometimes a little spookily so, but very useful nonetheless.

I am pretty fed-up with Microsoft products now I’m afraid. I find them expensive and aggressive and rather convoluted so Google docs are just fine by me and really easy to use and the best thing is I don’t keep getting updates that weigh heavy on my computer dragging it to slower and slower speeds!

Once I used to keep all my files on the computer like everyone else which also tended to slow the computer eventually. But not any longer. My life is now kept in a Google Drive. ‘cloud‘ as safely as anywhere else I reckon.

Another Google product I could not live without is of course, Gmail and the calendar that connects with it and with anyone I wish to share an appointment with. I’ve used the calendar as a joint project at work to keep everyone informed and privately to remind me timeously of a myriad of events in my life from Grandchildren’s birthdays to doctor appointments and even annual renewal of my subscriptions.

Google+ is still a bit of a newbie to me but it certainly throws up some great ideas and I’m itching to have a go at Google Hangouts. I’ve watched with it but I want to run one so I’ve just upped my Internet speed so it doesn’t trip out; so look out kids I’m HangingOut  your way soon.

I’m sure you are a senior who has not been left behind?
What Google products do you love to use? Please join in the poll.

Take Our Poll (function(d,c,j){if(!d.getElementById(j)){var pd=d.createElement(c),s;pd.id=j;pd.src='https://s1.wp.com/wp-content/mu-plugins/shortcodes/js/polldaddy-shortcode.js';s=d.getElementsByTagName(c)[0];s.parentNode.insertBefore(pd,s);} else if(typeof jQuery !=='undefined')jQuery(d.body).trigger('pd-script-load');}(document,'script','pd-polldaddy-loader'));

If you have any friends or parents who could do with a little help in keeping up with some of this technology checkout  myageingparent.com It provides some helpful forms to use in their free registration pack on site.

Till the next time go well
http://www.flipping2retirement.net

 

 

 

5 Ways Technology Can Enhance the Lives of Seniors

Seniors can use technology to enhance their lives. Seniors can utilize technology to enhance their lives.

There’s no avoiding it; technology is everywhere. Many golden agers steer clear of it, but we would argue that there are several applications of technology that they should not only stop avoiding, but embrace. Sure, the boom in technology may have people these days more likely to type an email than send a heartfelt handwritten note, but it’s not all bad. Take a look at these five ways in which seniors can utilize technology to enhance their life:

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What Role Does a REIT Play Your Retirement?

What Role Do REITs Play in Your Retirement Savings Plans?

As we Baby Boomers move into our retirement years, for the first time ever a larger segment of our society will come to depend on retirement plans for their income.  We will statistically also be living longer. Unlike our predecessors Baby Boom retirees will have to live on their retirement benefits for an additional 20, 30, or even more years!

* In the United States, the median life expectancy of a 65-year-old man and woman is 85 and 88, respectively. However, because the “median” represents the exact mid-point of the group’s age range, half of this population will live longer, often much longer, than the median life expectancy.

Boomer retirees could spend up to a third of their lifetime in retirement and this has caused some headaches for retirement planners. Retirement companies now more than ever must select investments that deliver a consistently high level of income to meet the needs of the baby boom retirees, and also generate portfolio growth to ensure that the needs of retirees are met three decades in the future! Oh, and don’t forget to offset the effects of inflation in the process, please.

As with so many of us who are looking around for sensible investment avenues they too are turning more towards real estate, including REITs, for solutions to their problems.

  • * The requirement that REITs pass at least 90 percent of their taxable income through to shareholders in the form of dividends makes them a strong income generating investment.
  • As stocks, REITs also provide the opportunity for capital appreciation. This combination of investment characteristics makes them effective in extending the lives of retirement portfolios.

 See how I’m using a REIT to make sure I retire happier and wealthier

Go well till the next time
www.flipping2retirement.net

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Why is Passively Investing in Real Estate Critical for Retirement?

I love this article from Bigger Pockets . I have taken some salient points which made good sense to me

Passively Investing in Real Estate is Critical for Retirement

Passive real estate investing allows investors the freedom to choose when to retire and without passive income, many will not be able to do so.

Definition of Wealth

What is wealth? Have you ever really thought about it? Or more importantly, have you ever thought about what wealth looks like for you? Wealthy is when we are able to stop… to stop doing the things we have to do so we can do the things we want to do.  Each of us has a lifestyle that we live and hopefully we have identified hobbies or activities that we enjoy; wealth is simply a mathematical equation that tells each of us how long we can enjoy those hobbies and our lifestyle before our funds run out!

Here is a simple mathematical equation for determining wealth:

There are many retirement forecast sites you can visit (**some are at the end of this article)  but essentially this is the equation and it’s easy enough for me to do it!

Balance of Accounts (cash on hand, retirement) = Retirement funds:

Monthly expenses (Mortgage payment, car notes, living expenses, insurance, required funding):
Monthly passive income (Net cash flow after debt service & expenses):

Monthly Expense - Monthly Passive Income = Total Monthly Flow (Positive or Negative) Multiply this number  by 12 to get Yearly Flow

Retirement Funds/Yearly Flow = number of years

*Ideally your passive income is larger than monthly expenses, but for most, it is not.  Subtract the passive income from the expenses and divide your Retirement funds by this number and you have how many years you can maintain your current lifestyle before your funds ran out.  Most people are often surprised to see that after a short handful of years their funds are gone. 

Since very few of us are built with the notion that working until our last day is our idea of enjoyment, putting together a plan for growing passive income becomes critical for securing a comfortable retirement.

Develop Passive Investments for Retirement

By adding passive investment properties to a portfolio, an investor gives themselves the freedom to choose which activities are most important to them

Passive Income and Real Estate Investing

I’ve  flipped some properties and I hold some as a long-term rental.  Essentially, I do nothing except choose what I wish to invest in today!  I leave the hard work to others who manage the whole process I simply just enjoy choosing what to invest in today!

Luckily, I am building a  ***passive income that will allow me to experience retirement on my terms for many years to come

Go well till the next time
www.flipping2retirement.net

 

Sources:

  • ***www.flipping4profit.com/waterfall
  • **http://www.mutualofomaha.com/tools/calculators/retirement-planning/how-will-retirement-impact-my-living-expenses.php
  • **http://www.dinkytown.net/java/RetirementDistribution.html
  • *http://www.biggerpockets.com/renewsblog/2011/11/08/passively-investing-in-real-estate-is-critical-for-retirement/

Is Your Financial Advisor Messing with Your Retirement?

Regular readers may know a little about me but when I saw an article the other day asking this question I thought, oh dear, I’m not the only one needing to make a plan.

More importantly, what are we all doing about it?

I do not have any resources to draw on other than my failing stocks, which are still tied up for another *** years. I cannot afford to put up my hands and say “C’est la vie!”not if I wish to eat once I retire! Much more importantly though, I have a pretty long bucket list that I would like to tick off satisfactorily.

So off to work I went.
The question is, what on earth is going to fill the hole in my current bucket which is loosing money at a disastrous rate?

I have scoured the Internet and read several books and taken several courses to best arm myself against more bad judgement calls.

I am currently on a course putting together the means for me to earn a reasonable passive income from the Internet with my long-time business guru Peter Carruthers. I did battle with an idea of what to do but now I’m busy researching my ideas to see what will gel. With Pete by my side I know it will work as he is passionate about helping us all have enough to retire on.

My Dad was a quantity surveyor and my brother is an architect and some of that seems to have rubbed off on me as I have always had an interest in property. It seemed natural to look too property for another string to my bow. I have done several courses but realised that the daily cut and thrust was maybe a bit too hectic for me so I looked for a simpler way to invest in property.

Fortunately crowdfunding has taken off in a big way and it has flowed into the property domain. This means I don’t need to find vast amounts of money I can invest my small amounts each month and draw out my percentage of rent payments or sale profits.
That is a really cool idea in itself but the best is that it is totally managed by a company not me! There are various companies to choose from but I found Flipping4Profit had an added tweak to offer. I decided (after much due diligence) to invest with them and explore their added extra which is simply networking the idea to others.

I’ve not stopped looking for other ways to create some income but having done the maths I’m satisfied that if I keep to my plan with these two income making avenues I should now be fine until the day I die regardless of what my financial advisor manages with the money I put into his hands!

I’m going to be OK, are you?
Go well till the next time
www.flipping2retirement.net

 

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