How to overcome financial stress.

Retirement should be an exciting time in your life, but it can also be a financially draining time, especially when it comes to the cost of healthcare.

It is a known fact the older we get, the greater the possibility that we will become sick with some health issues that can be horrific both in health and cost.

Therefore, it would be a good idea to start saving towards these unknown expenses earlier in life. Still, unfortunately, this is not done for different reasons; either we are living from paycheck to paycheck and cannot afford to save anything, or other things are going on in the family that takes priority and so saving never gets done.

And sometimes, we bank on Medicare to take care of our medical expenses, not knowing that Medicare will only pay for some of the basic medical expenses.

(Start your business FREE)

According to health line.com, these things are not covered the

ttps://www.healthline.com

What’s not covered

While Medicare covers a wide range of care, not everything is covered. Most dental care, eye exams, hearing aids, acupuncture, and cosmetic surgeries are not covered by Medicare Parts A and B.

Medicare Part A covers

Medicare Part A covers hospital inpatient costs. However, just because you visit a hospital doesn’t mean that you’re an inpatient. An overnight stay doesn’t mean you’re an inpatient, either.

• You’re an inpatient when formally admitted to a hospital with a doctor’s order.
• You’re an outpatient if you receive hospital services without being formally admitted to a hospital with a doctor’s order. This may include emergency services, outpatient surgery, lab tests, and X-rays. In these cases, you’re an outpatient, even if you stay overnight at the hospital.

Part B covers

Part B covers a wide range of tests and services, including:

• screening for cancer, depression, and diabetes
• ambulance and emergency department services
• influenza and hepatitis vaccinations
• electrocardiograms (ECGs)
• medical equipment
• some drugs, diabetes supplies, and some prescriptions for eyewear

Long-term care is also not covered by Medicare. If you think you or a loved one will need long-term care, consider separate long-term care (LTC) insurance policy.

And they think that medical expenses could cost up to $240,000 during your senior years,  and they suggest a particular saving account for that day.

Now, if you are an earlier boomer like myself, that means you were born between 1946-1957. For us to start a savings account now to save $240,000.00 would be a near-impossible feat.

Early Boomer

Near impossible but not impossible. There are some things you can do, make a budget, and get all your debt consolidated by debt counseling companies; check out the companies thoroughly, as some are looking to rob you in fees. My suggestion is to go with a not-for-profit company.

Then you can get a side hustle; if you are somebody who likes art, you can make things and sell online; with everything being done online these days, I think doing business online is the way to go.

You can also create your own online business; it is not complicated; some companies can help you to make your own business for free, and the #1 of these is Wealthy Affiliate.

Wealthy Affiliate will help you create and design your own website, and with a website, you can become an online entrepreneur by having your own online business.

You can turn any of your hobbies into a business; you could author an ebook on any subject recipe, healthy diet, or anything.

Or if you make things, your website would enable you to sell your stuff worldwide, and maybe you think that would be too much hassle; well, you could be an affiliate marketer.

What is an Affiliate Marketer

According to Wikipedia  https://en.wikipedia.org/wiki/Special:Search?search=what+s+affiliate+marketing&go=Go&ns0;=

Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by

So with affiliate marketing, you will be advertising merchants’ goods on your blog, and the merchants will compensate you if any purchase is made through the ads on your blog.

The merchants will assign you a code you will insert in your blog, and when a customer clicks on that code and makes a purchase, you will be paid a commission.

At Wealthy Affiliate, you are shown how this and everything that has to do with online marketing is done. AtT Wealthy Affiliate, you will be given a thorough education in Affiliate Marketing

Wealthy Affiliate

Wealthy Affiliate is not a new company; it has been around for over 14 years and has earned a reputation as one of the leading affiliate marketing training platforms.

The members of Wealthy Affiliate are drawn from all over the globe, all continents, 193 countries to be exact, and our current membership stands at 1.4+ million.

The platform at Wealthy Affiliate is built to suit everyone, whether you are a novice, have little experience, or you are a super affiliate marketer.

Wealthy Affiliate websites are powered by very popular WordPress.   WordPress is the simplest, most popular way to create your website or blog; it is very easy to use; you do not have to be a tech to use it (case in point ME).

WordPress powers over 30% of the websites on the world wide web now.

At Wealthy Affiliate, you can become a member for free, and there is no expiration date to a free membership.

With a free membership, you will get phase 1 of our online entrepreneur course, which consists of 10 lessons; at the end of the 5. lessons, you will have your website up and running, and contents already posted and monetize the entire course in 5 phases  or 50 lessons

Have a look at one of the training videos provided in the free membership starter program

There is also the premium membership which offers a lot more information and tools which will make your success easier.

I have posted a list of the information and tools provided with each membership, and you can see the difference.

I would strongly recommend you upgrade to a premium, especially if you have no experience in online marketing.

Premium Membership

And the price of the premium is well worth the price for what is being offered. I do not think there is a better platform for training and maintaining your online business

Everything is provided at a price; there is no upselling; you do not have to buy any program to get further training. The only thing you will have to buy is your domain name (that is, your address on the web, your .com name)

I know of some platforms where if there is a  technical problem, you will have to pay $19.00 for tech support; at Wealthy Affiliates, technical support is available 24/7 at no extra cost, and there is a link from your dashboard to the tech support team.

And with the premium, you will get additional live training videos; these videos go into some of the finer points of running your website. Have a look at one of these training videos

And Wealthy Affiliate has the best community of like-minded individuals coming together with the same goals of running a successful business and will selflessly assist each other to succeed.

Conclusion

When you are faced with financial stress, it can affect every area of your life. If you have financial crises, you will experience some difficulty concentrating on your daily task, the demands of the workplace, focusing on your relationships, and so on. It can also affect your health, like depression, which can cause your blood pressure to rise.

It is better to avoid financial stress at all costs, and the way to do that is to prepare; no one knows what the actual amount of savings is needed in retirement, and every financial institution has a different amount.

I think the best way to prepare is to have your way of making money, and affiliate marketing is the best way of making money online.

And affiliate marketing is not complicated; it does not cost much money to start, and you do not need a brick-and-mortar building, no inventory, and no dealing with customers.

The only cons about affiliate marketing are it takes time, and success will not happen overnight; it takes time to build trust and an audience; like every business, you need to put in the effort, work, and patience.

Here is a blog from one of our members.

https://my.wealthyaffiliate.com/loes/blog/what-is-so-special-about-wealthy-affiliate/a_aid/5373fe86

I think this is a good thing for everyone. I am not a young person; I am in my70s with no prior experience in online marketing or any technical skills of any kind, and I am doing it, and so can anyone.

Remember, you can try it for free, and if you decide it is not for you-you would have lost nothing; you can also become a free member, and if you decide you would like to have a look at what the premium membership is all about, there is an offer of the first month for $19.00. Still, this offer has to be taken in the first 7. days.

And another thing that is great about Wealthy Affiliate is that there is no contract to sign and no commitment to Wealthy Affiliate; the responsibility is to yourself, and on becoming a free member, you will not be asked for any financial information.

Thank you so much for stopping by; I hope you found the information helpful; please remember to share this post and should you need more information or have a comment or a question leave it in the spaces provided at the end of this post, and I will reply.

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).