Achieving Financial Freedom
Most people associate the words, financial freedom with retirement.
As more and more people are spending more, and saving less, those
words are becoming a thing of the past even in retirement. While
others are still hoping that the lottery will provide them with an early retirement, many Americans are turning to home business opportunities as a way to generate more income, give themselves more free time, and possibly retire sooner.
Early retirement is not something that is in reach of everyone, but with careful planning and some hard work it isn't too hard to achieve. Just think, if you were able to save an extra $5,000 per year for retirement starting at age 25, by the time you were 50 you would have almost one million dollars if your money was gaining interest at 9% per year. This is less than the 30 year average.
Home based businesses are a great way to earn extra income now, so
that you can retire early later. If you could make just an extra $500 per month you could put away $6,000 per year. The problem with a lot of home based businesses though, is you have to check on the company's
stability and product viability.
For years, some have been ripped off by late night television programs promising a king's ransom for little work. In fact, these home based businesses and money making opportunities have mostly been "sold out" due to the low price for the plan; and now, there are thousands and perhaps millions of people doing the plan. You really don't want everyone up and down your street doing the exact same thing you are.
Consider a home based business that you can do on free nights and
weekends. Preferably, your home based business would generate enough
money, in one or two sales, to meet your savings needs. Make sure that you plan requires a start up fee. However, do not consider a start up fee to be an inherent barrier to making money. Spending money on a home business opportunity usually means that you are getting something of quality. Look for something that costs a bit more, thereby keeping the masses out. This way, you'll gain more exclusivity in your business venture.
Working for the man is alright, but imagine retiring 10, 15, even 20
years earlier than your peers, just because you had the foresight to begin saving for your future.
As more and more people are spending more, and saving less, those
words are becoming a thing of the past even in retirement. While
others are still hoping that the lottery will provide them with an early retirement, many Americans are turning to home business opportunities as a way to generate more income, give themselves more free time, and possibly retire sooner.
Early retirement is not something that is in reach of everyone, but with careful planning and some hard work it isn't too hard to achieve. Just think, if you were able to save an extra $5,000 per year for retirement starting at age 25, by the time you were 50 you would have almost one million dollars if your money was gaining interest at 9% per year. This is less than the 30 year average.
Home based businesses are a great way to earn extra income now, so
that you can retire early later. If you could make just an extra $500 per month you could put away $6,000 per year. The problem with a lot of home based businesses though, is you have to check on the company's
stability and product viability.
For years, some have been ripped off by late night television programs promising a king's ransom for little work. In fact, these home based businesses and money making opportunities have mostly been "sold out" due to the low price for the plan; and now, there are thousands and perhaps millions of people doing the plan. You really don't want everyone up and down your street doing the exact same thing you are.
Consider a home based business that you can do on free nights and
weekends. Preferably, your home based business would generate enough
money, in one or two sales, to meet your savings needs. Make sure that you plan requires a start up fee. However, do not consider a start up fee to be an inherent barrier to making money. Spending money on a home business opportunity usually means that you are getting something of quality. Look for something that costs a bit more, thereby keeping the masses out. This way, you'll gain more exclusivity in your business venture.
Working for the man is alright, but imagine retiring 10, 15, even 20
years earlier than your peers, just because you had the foresight to begin saving for your future.