Retirement Archives - GUJRAT INDIA

Home Base Network Marketing Business For Your Retirement

Sorry that I had to start this article in a very grouchy manner, but my friend someone just come to me last week asking me this questions.

“Jason beside the Online business that you can become rich, is there any other way ?”

“This Internet thing is still not right for me.”

Well, i really hate to say this because it sounds like a old broken record, but sometime it really need to be play for someone, who I think their right brain is still in a coma stage.

There is lots of way to become wealthy of course, the quick, easy or lazy way.

Here are just a few:

1. Inherit Wealth

No work, no sweat, no worries.

The problem? It is hard to get adopted by rich and sickly parents. There are not many of these people around, while this method works.

It only works for a few. If you were one of the blessed, well, you wouldn’t be reading this article or finding ways to get rich. You would be cruising in the Caribbean now.

2. Marry someone who is already incredibly rich.

If you are not married now, hey, there is still time for you to find a wealthy spouse. But that’s not the subject of this article, as again, this is a way to wealth that few can do. Talking about Hollywood maybe you can go there and try your luck.

3. Hit it big in the stock market.

Your shares will double and triple in price. However, there is a problem. You have to already be rich to buy lots of stock and yes, there is always a catch in the stock market.But my friend this is a rich man game, high risk, high return, are you game enough to take the risk?

4. Win the lottery

I seen lot’s of people doing that, some even put 10 to 20% of their wages on that. But the math experts already know the truth: “The lottery is a voluntary tax on people who are really bad at math.” You are about 100 times more likely to be struck by lightning than to win the lottery. To put that into perspective, the odds are that you had to be struck by lightning 100 times before winning the lottery.My goodness out of a million numbers there is only one and after struck by lightning for a hundred times do you really feel like going out and having a good time spending your lottery money?

Lottery is entertainment, a reason to watch television or news paper to check if your number won a dollar or two. Play the lottery for fun, don’t use it for your primary investment.

5. Write a hit song or sing a hit song

I can’t sing. In fact, I can barely hum. If you are one of those rare individuals with superstar musical talent….go for it! Use that talent. Go for American idol make a million or two and enjoy. However, this article is not about writing hit songs. So if you are like me and can’t hold a tune, relax. There are plenty of other ways to financial independence.

And how About writing that great romance novel ?

Well, that is also a way to financial wealth, but a very rare way. Very few people are able to take this path.

Well, if these well-known ways to wealth won’t work for most of us, then how do average people become wealthy?

How you can leverage on technology and people for your business.

Ok, listen the first way to increase your income and build your investment fund is to have your money work for you. And, as we have seen, there are several ways to accumulate the money you need to get your investment fund started.

The second way to build your investment fast is through the principle of LEVERAGE on other people’s efforts and technology to help you accumulate and build your investment fund faster.

Here’s how to use people leverage in your business.

As the only employee of your business, you are limited to how many projects you can do in one day with only two hands and 8 hours. If you want to earn more money is by increasing the numbers of projects you can do, then you have to hire worker or helper.

Maybe you decide to pay your employee $20 for every project he or she do. Since you charge your customer $30 for every project, you now make an extra of $10 whenever your employee finished a project for you.

The more people you hire, you have more project in hand and the more money you make. This is what we mean by leveraging your time and effort through other people.

Do you have to hire more employees and use this leverage principle?

This is just another method to build your investment fund. Having extra options and choices are always nice.

Whenever you start a business you can use this people leveraging principle to quickly build your investment fund. However, many people won’t use this means of leveraging because:

1. They don’t want employee headaches

2. They want to keep their business small and manageable.

3. They don’t want to be responsible for overseeing other people.

4. They don’t want the paperwork and insurance headaches, etc.

If this method of people leveraging doesn’t appeal to you, there is yet another way to leverage your efforts.

Most people do network marketing every day, but they just don’t get paid for it.

You see, network marketing is nothing more than recommending and promoting what you like. If you are like most people, you recommend and promote:

Like when you watch a nice movie, will you tell your friend? Or sports team, restaurants, funny joke and the list go on…….

Since you recommend and promote daily, why not get paid for it, right?

Or you can continue recommending and promoting for free. Free isn’t bad. Charity work makes the world a better place. But if you are tired of working for free and want to join some smart entrepreneurs who get an extra income in their mailbox every month, you will want to check out internet network marketing.

Theses companies will actually pay you for recommending and promoting their goods or services. Instead of spending money on television advertising or newspaper ads, these companies rely on word of mouth promotion.

Think about it. Which long distance services promoted on television by an actor you didn’t like it? Or the long distance service recommended by your mother or your best friend, you felt it’s no good ?

Thousands of different goods and services are promoted through network marketing. Word of mouth advertising is powerful. Traditional media doesn’t stand a chance against a trusted friend’s recommendation.

So how does the people leverage principle fit into network marketing and technology?

Think of network marketing as a family tree or genealogy. Companies that use network marketing to distribute their goods and services not only pay you telling other people, but also when the people you tell go out and tell other people, etc, etc…… In other words, you could tell A who tells B, who tells C, who tells D and so on, and you could earn a monthly bonus check on all of their usage and sales.

That’s people leveraging at work.

And if you can tell the whole world about your product or services, you will be doing business world wide. Let’s say you have a relative who stay in a different states or your brother who is now living in Canada, maybe in Asia. How can you show him or her about your great opportunity and product? You don’t have to travel to them, use your computer.

The Internet.

In every field, from health insurance to electronics, from education to stock trading to home buying, more than 50 percent of American consumers are already going into the Internet, it’s so convenient now that we can call and see each other on the computer or even sent an instant message and picture by hiting on our enter key on our keyboard. Don’t be a “dinosaur” if you read my last article:

The Home Base Business of W=P x T you will know what I’m talking about.

I know of some people who use their network marketing income to accelerate their investment fund. In some cases, their part time network marketing income exceeded the income from their regular job so they decided to make network marketing their full time profession.

Over five million people are already collecting an extra income from their part time network marketing business in the United States alone, but the internet population is bigger than the population of China and India added together.

Since you are already recommending and promoting what you like, shouldn’t you consider getting paid for too?

Internet network marketing is one of the fastest ways to a quick retirement, this is important especially if you are at 45 to 50 years old and don’t have a lot of time for your money to earn compound interest. So if you are no longer young, don’t panic. Network marketing can help you catch up your investment fund in hurry and if you are in your 30’s get ready to retire young and rich.

That’s why I like network marketing.

To the top.

Nine Questions About Baby Boomer Retirement That Your Company Must Answer

The Baby Boomers are the members of the generation born between 1946 and 1964. At 79 million people, they’re the largest US generation in history. The oldest Boomers will turn 65 in 2011 and many of them may choose head for the exits.

Can you answer these questions about Baby Boomer retirements at your company? The first five are about raw numbers

How many people at your company are eligible to retire in each of the next ten years?

The odds are good that not everyone who is eligible to retire will do so. But it’s a good idea to consider how many people could leave at a moment’s notice and when they’re eligible to do so.

How many of your senior managers are in that group?

Senior managers have mission critical knowledge and experience. When they leave, they take it all with them, unless you’ve created alternatives for them to stay on, or work as a consultant.

Review your succession planning. Identify the less experienced managers that are best qualified to move up. Help them with personal and career development, especially growth assignments, so they’re ready when their time comes.

How many of your key technicians and craft workers are in that group?

We’re talking here about the kind of hands-on technical work that it’s hard to outsource or offshore. Many of the pipelines for technicians and craft workers have been slowly drying up over the last couple of decades. Union apprentice programs have been hit especially hard.

How many of your first line supervisors are in that group?

Your front line bosses have more impact on morale and productivity than any other group of people in your company. Make sure you’re ready to replace retiring supervisors with qualified new supervisors who’ll get the benefit of solid supervisory skills training.

How many of your knowledge connectors are in that group?

Knowledge connectors are vital to your operations, but they don’t have that title on any organizational chart. Knowledge connectors are the people other people call for help because they’re experts or because they know how to find people or knowledge to help solve problems. You can do a social network analysis to find out who they are, or just ask around.

I call the problem the “Boomer Brain Drain” because of the loss of knowledge and experience when Boomers retire. If you’ve answered the questions above, you have an idea how big a threat this is to your company and you can start to work on responses. The next four questions deal with different kinds of responses to the potential Boomer Brain Drain.

What human resources measures are you or will you use to meet the challenges of Boomer Brain Drain?

Human Resources (HR) responses to the challenges of the Boomer Brain Drain include everything you do to modify your recruiting, training, retention and succession planning. They also include changes to policies and procedures and may include union negotiations.

Since Boomers may be starting to flow out the back door, it’s logical to plan on increasing the flow of recruits in the front door. It’s logical, but it’s dangerous.

Generation X is the generation next in line behind the Baby Boom. It’s only about half the size of the Baby Boom generation, so you’ve got a smaller pool to draw from. You can’t count on simply increasing recruiting to fill the spots left by retiring Boomers.

Several companies are investigating tactics such as having people return to work after retirement or stay at work past their official retirement date. There’s some evidence that this will work since studies by financial services companies tell us that Baby Boomers don’t have a lot put back for retirement.

Older workers are great hires in lots of ways. Their turnover rate is lower than that of younger workers. When CVS compared their older workers to younger workers, they found that older workers are far less likely to call in sick.

If you choose some set of retire late/come back after retirement solutions, there are issues to consider. Start with your current pension and retirement policies. Can Boomers continue to work without losing benefits? This may be something you need to have a dialogue with your unions about.

You may also need to modify your policies and procedures for part-time work. Retired Boomers may want a different kind of flextime than younger workers. They might prefer the ability to take more time off, to accommodate medical appointments and visits to children.

Analyze your corporate culture. Do you see older workers as contributing members of the workforce, or do you see them as workers with their eyes on retirement and one foot out the door? Do you provide training to older workers the same as you do to younger one?

You should also think about how you’ll need to change your work processes to make them friendlier to older workers at the same time as you find ways to get more productivity out of fewer workers.

How will you change or adjust your business processes to meet the challenges of Boomer Brain Drain?

Older workers may be great workers, but they tend to have more physical limitations than younger workers. You may have to modify either processes or equipment so they’re older-worker-friendly. You’ll be in good company. Toyota has been doing this for some time.

Make sure, for example, that the gauges on equipment are easy to read. If instructions are conveyed orally in a workplace, make sure they’re loud enough for older workers to hear.

You can also make changes to business processes that make Boomer retirement irrelevant. If you eliminate some specialized equipment or standardize on fewer kinds of equipment, you may be able to increase your scheduling flexibility and handle more equipment with fewer workers. You can also use technology to capture the knowledge of experienced workers so that it’s available to younger workers.

How will you use technology to meet the challenges of Boomer Brain Drain?

Knowledge management technology is often touted as the way to capture Boomer knowledge and put it to use. In reality, most of the knowledge that Boomers, like other workers, have is in their heads and will go out the door with them. But you can still do some things to capture important knowledge if you start now.

Consider job-shadowing as a knowledge transfer tool. Think about investing in people to chart and document processes that do not currently have formal documentation.

Use simple technological tools, such as electronic discussion groups to capture “shoptalk” and the knowledge that only comes with time on the job. Use social network analysis to identify which people get contacted to solve specific problems.

There are three rules to follow in using technology to capture knowledge. The first is that a tool that no one will use, because it’s too complex or time-consuming, is a useless tool. The second is that culture always trumps technology. Rule number three is that technology that adapts to human habits works better than technology that demands that humans change the way they work.

Have you conducted a “Threat Assessment” to give you an idea of where you need to concentrate your efforts?

Before you move on to planning for Boomer retirements, take the time to do an accurate Threat Assessment. It will make your efforts more productive in the long run.

Assess every position in your organization. Determine when the person in that job can retire. Evaluate how important the position is to accomplishing the mission. And assess how prepared you are to replace the incumbent.

These questions are just the start. Your next step will be to develop a strategy for dealing with a potential Boomer Brain Drain. But the sooner you get started, the sooner you’ll see results.

Baby Boomer Retirement – When is it For You?

As the financial situation shifts daily around the world, people are wondering if this is a good time to retire. New fears about the future make it appear that one shouldn’t even consider retirement. Whether there are concerns about money, healthcare, or creating a new life, one thing is for certain this isn’t our parent’s retirement.

If you believe the latest press reports, baby boomers have done a poor job of saving and preparing for retirement. The United States does have one of the poorest saving rates in the world. But, is it realistic to expect people to work forty years and simultaneously save enough to fund another thirty or forty years of retirement.

When the retirement age was established in 1934, the age life expectancy was 65. The thinking at the time was if an individual lived that long, it was appropriate to provide a pension to see them through to end of their days. Social Security was never designed to support a majority of the population for a third of their lives.

The model for retirement needs to change. The idea of working thirty or forty years and then not do anything except get a pension is unrealistic. The new extended longevity of life opens up options that need to be evaluated. Deciding on the right time to retire involves a number of factors, not all of them financial.

Like people in the military, police and firefighters, Mark retired from the entertainment industry at a young age. While some of his financial needs were met with a pension, he started a home based business, which allowed him to raise his son and contribute additional income to the family.

Now his son is graduating from high school and Mark is looking for a new challenge. He would still like to earn money from his new endeavor, but the focus is shifting to work that is contributing to society. He is looking for work that is challenge and rewarding, as well as provides income. A reported 77% of baby boomers expect to continue to work, at least part time, past traditional retirement age.

While some will never retire due to financial reasons, many baby boomers are exploring working part time, making a career change to more fulfilling work, starting a business and altering their lifestyle to accommodate new interests. People who experienced a happy retirement report that money was not the primary factor in their well being. Understanding what you need to be satisfied in life is a key factor to plan for the future.