,

Who’s in Control of Your Retirement Income? It Should be You!

Retirement Income from Residual vs Investment

Chart showing higher retirement income with residual earnings than traditional investments.

A whole industry has been built around retirement savings and helping you save so you have retirement income. This industry is dominated by insurance companies, banks, and financial planning institutions that all have the same mantra: Start early and save for a long time so that when you retire at age 65 or 70, if you’re lucky, you’ll have enough saved to enjoy your retirement.

The director of the Boston’s College’s Center for Retirement Research suggests that people work until age 70 before retiring so they don’t outlive their savings. Agh!! Am I the only one who finds the suggestion of working until age 70 depressing?

The reality is that many still don’t save for retirement, and those who do either started too late or simply didn’t set enough aside.

Although there are other viable options for retirement planning, financial planners, banks and insurance companies all want your retirement savings because that’s how they make money. It’s not in their best interest to promote anything besides saving with them as it would just take money out of their pockets.

An increasingly popular retirement vehicle is that of creating a residual income that is completely controlled by the individual. Rather than handing over money each month to an institution and having its value determined by the ups and downs of the markets, the individual invests her money in the most valuable asset she owns: herself!! This is done by creating a residual income through one of the thousands of vehicles that exist in the private sector.

We all have choices. We can work and save for 40 years for retirement or create a residual income that continues to generate income in our retirement. The residual income can start to provide a retirement income in as little as 2 to 3 years, no matter the age of the individual!

So what if instead of taking 40 years, you could, working part-time, create enough residual income to retire and it only took 3 or 5 or 10 years. For me, the choice was obvious: I wanted residual income.

The “Shared Economy” business model is creating retirement options never before available to the average person. In my business alone, over 140 millionaires have been created in the last 10 years and thousands are earning 5 & 6 figure incomes.

If you are worried about your own retirement options, don’t despair! It’s an exciting time to be planning for retirement: how well you retire can be, with the right decisions, fully in your control.

2 replies
  1. Chris
    Chris says:

    Hi the lonk is broken. How do I read more about this? Please advise.

    Reply
    • Ruth van Vierzen
      Ruth van Vierzen says:

      Oops!… thanks for giving us the heads up. The link is fixed.

      Reply

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *