I sat through a wonderful presentation today in which the presenter shared with us information on planning for the future.
Are you part of the Yo-Yo generation?
The Yo-Yo generation – the “you’re on your own” generation – is the generation that will be entirely on our own to create the retirement lifestyle we’re dreaming about.
As the baby boomers continue to age and retire, their vast majority will completely do away with all the things funding today’s elder population, such as social security and Medicare. Which will leave those of us just behind the baby boomers with the opportunity to create our own financing for the lifestyle we choose to live.
Yes, that may sound a bit scary, but in my mind it really is an opportunity.
For many of today’s 60+, they grew up with the understanding they would be taken care of. They watched their parents have access to full paid retirement plans, and access to health care as they needed it. And now that they are there and needing/using it, its all falling a part.
But for those of us watching what is happening now, we know there’s a great chance it won’t be there for us – unless we plan and make sure we’ve created it for ourselves.
So my question to you is,
What are you doing to plan for the future?
Whether you have a great job you love, or are in business for yourself, what are your goals for 5 years from now? 10 years? 25 years?
In either case, creating one small income stream, having one “job”, or building one small business isn’t enough. Opportunity is everywhere, and you need to be looking for it all the time.
If you have one thing you love or are good at, use that to create an income stream. When that’s up and running, create one more.
The Internet is an amazing place to reach out and find clients that want exactly what you have to share. Let me give you an example.
Many of you know I’ve been a professional photographer for over 20 years. I “retired” from wedding photography a few years back, but a great deal of my clients and my income comes from the photography industry. I’ve always loved working with photographers, and helping them build up the business side of their studio.
Andrew and I also knew there were a ton of photographers that didn’t really want to go professional, yet simply wanted to become better at photography. So we just released a brand new program that will do exactly that – help people take better pictures!
(You can see our newest site at 9to5PhotoTips.com)
We looked at our business, and what we loved, and came up with an entirely new way to make money at it. And to share our passion, and truly help others out that can gain from our knowledge.
What do you love to do? How can you make money at it? How can you make your future brighter than ever?