Most people nearing the age where they would be retiring are coming to terms with the fact it unlikely they will have the resources to do this. I have been suggesting that a great alternative is to consider network marketing or internet marketing as an option.
In another post I discussed this option. You can read it here at Retiring: Is it a Thing of the Past
Forbes posted an article a couple of years ago which had some fascinating stats on the subject that I suspect have not got any better.
So if retiring seems a thing out of reach for you I hope you take heart in what I am about to share.
Would You Join a Multi- Level Marketing Company for Retirement Income?
This was the title of the Forbes article and here are some of the stats and my thoughts.
Multi-Level Marketing is another term for Network Marketing. It is sometime called Direct Sales. I prefer Network Marketing so I will stick with that.
- Some stats from the article
The American Association of Retired Persons (AARP) estimates that half of all baby boomers (76 million in America) are interested in starting a business.
- The average 50 year old is estimated to have less than $50,000 in retirement savings.
- There is an obvious need to either save more or find a way to generate supplemental income.
- Many baby boomers are disenchanted with their current careers. They are worn out from years of corporate grind.
- They are shifting their focus from accumulating a giant nest egg to a desire to be part of something bigger and better – and to have a positive effect on others — and working in retirement.
While the stats are from America I suspect they are similar around the globe.
With those stats in mind is Network Marketing an option to retiring?
In my opinion yes it is a great option. Here are some of my reasons.
The new world of Network Marketing
Many people still think to do network marketing you have to hit on all your friends and family. That is no longer the case with the internet. Depending on the company you join you can use the internet to do your marketing.
There is more to the subject of just retiring than just money.
There is also the psychology attached to moving into retirement. The stats from the AARP indicate that baby boomers want to be productive. They want to belong to something and make a contribution to the lives of others.
Some benefits of Network Marketing
The cost of starting a network marketing business is very low compared to franchises or traditional business.
There is usually good training, support and encouragement.
They offer a place to belong and to make a difference.
If you still have a job it is a good idea to start your network marketing business part time and build it up until you can quit your job.
Many people who join network marketing just want to supplement their income they do not want to build a dynasty. If you do want to build something much larger there is also the ability to do that.
The Forbes article also suggested the industry is poised for explosive growth because of the number of this situation – why not take advantage of it?
Tony Robbins book
In Tony Robbins book Money Master the Game – 7 Simple Steps to Financial Freedom he refers to our traditional retirement saving system as being broken
I watched an interview with Tony and Marie Forleo. He has not written a book for two decades and the reason he wrote this one is because he is mad at what happened in 2008 and wants people to be educated.
He talks about the baby boomers briefly in the interview, He does not talk about Network Marketing as an option but he does say our traditional retirement saving system is broken.
It is an awesome interview that you can catch here if you would like to watch it.
Retiring as we knew it may well be a thing of the past.
Think about building a business that allows you to have freedom. A business you can build and fit into your lifestyle. A business that is location free meaning you can build it from anywhere.
That is what I am doing. If you would like to know about my business just leave me a comment below.
What are your thoughts on this idea? Please leave me a comment below.
Have a great day.