Facts on the Retirement Crisis
According to a survey done by the Bankrate survey team from Early February to March, one in five American adults has nothing saved for retirement or emergencies.
A further 20 percent have saved away only 5 percent or less of their annual income to meet specific financial goals. Less than a third of Americans have saved at least 11 percent or more.
The survey also stated that this generation of boomers is in worst financial shape than the previous generations.
And even with all the good economic news and unemployment is now 50 years low, and wage gains were at an all-time high, there were few savings.
The answer given when asked was they had too many expenses, so there was nothing left for saving, and some said they had not thought of saving.
And some said the job they had were not paying enough to meet their needs, and there was nothing left to save.
In a case like this (job not paying enough), I recommend getting an extra job or working for yourself; you can start your own online business for free HERE.
The fact is that debt affects us all and hinders us from retiring on time; some must keep working long after retirement age to live a good life.
Boomers are still paying student loans.
I found this part of the survey shocking: people in their 50s and 60s still have to pay student loan debt.
Those over 50 owed more than $260 billion last year, up dramatically from $46 billion in 2006.
In the survey, many people over 50 said they haven’t adequately prepared for retirement and are at a loss for where to start.
If you are one of those people looking for a way out of this crisis, let me assure you there is hope.
You can work past your retirement age or start your own business; so much opportunity awaits us on the world wide web, So why not look into it?
I am a retiree and part of an online marketing platform at Wealthy Affiliate, a well-known company that has been around for fourteen years.
Wealthy Affiliate has an A+ rating with the BBB; its members are drawn from almost every country, if not every country, 193 to be exact. And you can become a member for free HERE.
Suppose you are like me, with no previous experience with online marketing or technical knowledge about programs or operations except entering data; you are probably dismissing this option. Please don’t.
Wealthy Affiliate is a company continuously updating its platform and is current in today’s online marketing strategies. Its vision is to help people achieve success in business and life genuinely. They are dedicated to assisting others to become great and achieve true financial independence.
Whether you are brand new to the online marketing industry or have worked online for a while, Wealthy Affiliate is for you.
You can become your boss with just a click to start your own business for free; with a free membership, you are given one website phase 1, which consists of 10 lessons from our online entrepreneur course(Click and have a look)
At the end of these ten lessons, you will have your website up and have started a business. By following the instructions, your website will be up in 30 seconds, powered by the world-renowned WordPress.
You will get themes to choose from, so your site will be to your liking with everything operational; follow the instructions.
And suppose for any reason you need some assistance. In that case, the community at Wealthy Affiliate prides itself on assisting each other. Because we have members from every time zone, there is always someone to help you.
Regarding technical problems, our tech support personnel is on call 24/7 and are very professional and courteous.
You may wonder if you could build and maintain a business with a free membership. I have heard of some doing so, but as someone with no experience in online marketing strategies and the day-to-day workings of online marketing, I would recommend an upgrade.
When joining Wealthy Affiliate as a free member, the only information needed is your name and email address; that’s all.
And as a company, we are against spam, so your email will not be bombarded with countless unnecessary emails.
So take charge of your future now; you have nothing to lose but your financial freedom to gain. Be your boss. Start your very own business here for free.
I must let you know that a free membership has no expiration date, so you can take your time and go through the ten lessons at your own pace.
If it is something you can do or would like to try, if it is not, you would have lost nothing; I think you would have gained as you will now have the experience of building your website.
Not A Get Rich Quick Business
I must tell you that online marketing is not a way to get a lot of money in a short space of time business; it requires effort, hard work, determination, and patience.
I saw a quote in a blog, and I liked it so much I have adopted it as mine; it said entrepreneurship is living a few years of your life as most people won’t, so you can spend the rest of your life like most people can’t that, in a nutshell, is affiliate marketing.
The more you put in, the greater your success; it takes time to build your audience and gain trust, but it will be worth it in the end.
You can avoid any financial crisis on the horizon by starting your own business now. Even if you are in a situation now, you can earn your way out of it by being an entrepreneur; online marketing means offering anything online.
With a website, you can have several income streams and different businesses, and with a premium membership at Wealthy Affiliate, you will get ten websites.
You can offer your service in any capacity, whether it is tutoring or a handyperson, you can produce stuff and sell it online, and I am sure you can think of many more things you can do.
I never thought I would ever have a website blogging, and I never thought I could do anything on a computer but type 39 WPM.
So I suggest you give it a try; you will never know unless you try; I will be waiting to meet you on the platform if you join by clicking any of the links in this post.
Thank you for reading this blog post; please like and share, and you can place your questions and comments in the space provided at the end of this post.
NOTE: This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you).