Saturday, August 30, 2008

I Love My Retirement Lifestyle

Category: Finance.

By the term Retirement Freedom, I mean a non- traditional retirement away from the work- a- day world.



In" Fretirement" , you don t necessarily quit working, rather you quit having to work. I call this" Fretirement" since it is a lifestyle that is free from all of the expectations that most of us have with retirement. Why go through all of the traditional drudgery associated with a traditional job? Is there anybody who really enjoys office politics and ladder climbing? Who really wants to spend an hour or more each day commuting to and from an office? Or how about the words" outsource" and" downsize" and" layoff" ?


Do you really want to spend a large portion of your earnings for fuel to get to work and for overpriced and unhealthy food during" lunch hour" ? Can you really get excited about these things? It is possible, at almost any age, to effectively retire from the traditional workforce and to create your own economic machine. In fact, the more passionate you are about a niche, the more likely you are to be successful in making a good living in it. Thanks to the electronic age and the advent of the Internet, you can likely make this happen in that area of business wherein you enjoy a certain amount of experience, knowledge and passion. In his current bestselling book, "The 4 Hour Work Week" , author Timothy Ferris writes about how he managed to wean his company from its dependence on him being present 5 days each week.


A. that he found on the Internet. He did this by outsourcing many of the routine tasks that he did to a Virtual Assistant, or V. In fact, he was able to do this so effectively that soon, he weaned his company from needing him at the office 2 days per week. A. were able to produce more results for the company during the 2 days each week that he was absent than he had been producing when he was present! Due to the company s inefficiencies, he and his V. This went on and on and, he showed up, over time at the office very seldom, but his production was so great that his managers were thrilled and even gave him a raise and promotion! A. s working for him across the globe!


Now, he has effectively, at age 34" retired" from working, enjoys a lot of travel and has a staff of 3- 5 V. He quickly moved to his desired retirement lifestyle at the ripe old age of 34! You might elect to do something complementary to what you are currently doing or perhaps explore a whole new way to accomplish similar results by harnessing the power of the Internet and by outsourcing menial tasks to V. I m not suggesting that you will be able to work miracles like Tim Ferris did, you can certainly, but explore the opportunities in the niche of your passion and expertise. A. s so that you can focus on the really important tasks. You can establish many diverse streams of income from various internet activities and each can be independent from one another.


If you are nearing the traditional retirement age, you may be able to spring free of your job years ahead of schedule if you can get some Internet" Cash Machines" setup to provide a level of passive income for you and your family. Once you have these in operation, you can have the retirement lifestyle that you desire! I also do some affiliate marketing wherein I advertise products for several large companies such as Best Buy and Amazon. com. For example, I have income from the sale of an electronic book, or e- book that I have written on the subject of retirement. Additionally, I have a membership site on the Internet where retirees come to learn ways to earn income from Internet activities, and I provide advertising space for Google and other companies. Some days are great and others not so great, on average, but, I earn enough to support 2 sons in a large accredited University without using my Social Security check!


All of these income streams are passive and the income just shows up in my bank account each day! It took me a few months to learn these techniques and a few more months to put them into operation, but now all I do is tweak and tune my marketing programs and explore new ways to compound my streams! I love my retirement lifestyle! Fortunately, I am able to play golf several times a week and get to travel extensively to visit my grandchildren and to just have fun! You can easily see why I call this freedom that I have my" Fretirement" !

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