Retiring With A Massive Debt
On nearing retirement we should have enough in savings to live off in retirement.
Unfortunately for many of us, this is not so, some of us are burdened down in debt.
Most financial advisers say that in entering retirement we should do so with as little debt as possible.
It must be remembered that in retirement your income will be typically less than what you would earn working in your regular job.
This lack could be offset by having a side income, an extra income earner, It would be good to find a side hustle before you retire.
In retirement, your income may decrease somewhat, because you may not have to spend to commute to work and all the little extras that you need to spend.
But as we get older in most cases our health also deteriorates and our health care cost may increase and quite many us has no other health insurance but Medicare, which does not cover everything that we need eg. eye and dental care.
If you are one of the near or retired people and are overwhelmed by the burden of massive debt.
Steps To Take In A Financial Crisis
There are steps that can be taken to help you to weather this financial storm.
Most people think filing for bankruptcy is a way out, but taking this step can have a negative lasting impact on your credit history and finances
Do not make any decision because you feel pressured, it is never a good idea to borrow, especially from institutions like payday lenders, which are short-term money lenders. Their interest rates are extremely high.
No matter how desperate your position may seem, you will always have a little time on your side to thoroughly review and talk to a financial professional.
Seek Credit Counseling there are many credit counseling companies that will help you out of your financial dilemma.
Along with meeting with a counselor or talking to creditors about payout options, near-retirees can look into starting their own business.
Earn Additional Income
As a retiree in too much debt myself, I can relate to your position, and if you are one of those who are or will be able to retire in comfort you can have a look into this too as you will never know just what unplanned expense may surprise you.
I am a member of the Wealthy Affiliate platform, this platform teaches you the updated techniques of online marketing.
And while online marketing is not a get-rich overnight business, in time it can be a very successful income earner, for not only an active income but passive earner as well.
Wealthy Affiliate is legit, has an A+ rating with the BBB, and has been around or for more than fourteen years.
The membership which numbers more than 1.4 million are from over the world 193 countries,
You can become a member of Wealthy Affiliate for free, which does not expire.
With the free starter membership, you have access to 10 lessons which is phase 1 on the Online Entrepreneur Course.
These lessons are very thorough, and they are taught in a step-by-step manner, you go at your own pace.
At the end of this phase, your business will be up and running ready for business.
I have placed a video of one of the lessons from phase one of the Online Entrepreneur course, please have a look.
Wealthy Affiliate is a platform built for every online marketer, and it does not matter whether you are new to online marketing or a very experienced online marketer.
And as I said previously the free membership does not have an expiration date.
And as a free member, you will not be asked for any financial information, you will be asked only for your name and email address.
But I would like to recommend that you upgrade to the premium membership, With a premium membership there are more information and tools that become available to you.
This is a list of the information that is provided in both memberships.
And because of all that is provided in the prim um membership, the success rate is much higher.
And the price for the premium membership is very reasonable for all the information and tools provided.
For you to be successful in online marketing you need to attract an audience to your website.
At Wealthy Affiliate, you are taught how to draw people to your site you are also given access to unlimited keyword search from one of the best keyword search word tools (Jaaxy keyword search tools.)
From experience, I know the thought of writing a post that can be seen on the world wide web can be intimidating.
But with the training at Wealthy Affiliate, you will become an expert in your niche and gain confidence in your writing your post.
There is no excuse I know I had a lot, my age( I am a retiree) no experience, no technical knowledge, the training is so good that in no time you will be able to overcome these inadequacies.
You have nothing to lose for trying to start it is for free and you can remain a free member as long as you like and I would suggest you do all 10 lessons before you decide whether you will remain a member or not.
And should you decide affiliate (online) marketing is not for you, then you can quit, you would have lost nothing.
I am telling everyone whether you are a soon to be retiree, a stay at home mom or dad a person who is disabled or just need to make some extra cash, give Wealthy Affiliate a try,
I am in no way telling you will be an instant success, because like any other business it takes time and as a Pele is reported as saying Success is no accident, it is hard work, perseverance, learning, studying, sacrifice.
Wealthy Affiliate boasts a community of very helpful members and is not selfish in sharing their knowledge and are willing to assist you with any problem you may be having.
And because our members consist of people that are from all the time zones there is someone always available to assist you.
The tech. Support is available 24/7 and can be reached from your dashboard, and I must say they are very competent and take of your complaint promptly.
Throughout this post, there are links that will take you directly to a sign-up link for a free membership, and if you do sign up by clicking on any of the links I will be your coach.
So there is no need to think you will be alone, myself and the community will be there for you.
Thank you for reading this post please remember to share, and you can leave your comments and questions in the space provided at the end of this post and I will reply ASAP