Retiring with no money saved?
In an article written by Elyssa Kirkham /Gobankrates and published in the online magazine Money, she states that 56% of all Americans has $0 saved for retirements
Unfortunately for many of us saving for retirement is not an area where our attention is focused, because of the necessity of meeting our daily financial demands, which is a struggle, the thoughts never seem to go towards retirement savings.
There are many financial obstacles that the majority of us faces some of these are: credit card debt, student loan debt, low wages, the need to save for a child’s college education, and the list never ends, all of these things can put a strain on our budgets, they don’t necessarily make it impossible to save for retirement.” (start your own business for free)
Most of us are falling short of the amount of savings required for a comfortable retirement and that is if we are saving at all.
Not Earning Enough
According to Kristen Bonner, GoBankingRates’ research lead to this survey. Said The most common responses to the question of what people have saved for retirement across all age groups are “I don’t have retirement savings” and “less than $10K,” breaking down as follows:
- One-third of Americans report they have no retirement savings.
- 23% have less than $10,000 saved.
This lack of savings could be an indication that there are many issues facing individuals, just to get started on retirement planning.
I think this is mainly due to a lack of education on the importance of retirement savings, and when we are young the thought of retirement seems to be a long way off so there is time for savings.
As well as the constant changing of jobs so any 401k or 403b never gets to mature to earn employers matching the input, and I think it is going to get even worst as most companies are employing people on a contract basis.
So I strongly suggest that those of us who are approaching retirement, or even younger to start a saving program and I would recommend that you find an additional source of income
One business venture I would recommend is online marketing, this can be done from your home or anywhere for that matter, you only need a computer and wifi connection.
Women Likely to Have No or Little Retirement Savings.
Again from the survey from GoBankingRates research have found that:
- Women are 27% more likely than men to say they have no retirement savings.
- Two-thirds of women (63%) say they have no savings or less than $10,000 in retirement savings, compared with just over half (52%) of men.
Women do not earn as much as men in most cases for different reasons, sometimes they are not paid equally for the same job done, and women oftentimes need to stop working for periods of time for different reasons, usually, it is to take care of their family
And it just so happens that women’s’ retirement savings need to be higher than men, It is well noted that a woman’s medical cost tends to be higher in retirement, and women tend to live longer than men, and outliving their retirement funds is an increasing possibility.
The survey also found that 28% of seniors 55 and over and over had no savings and were depending on social security for their retirement income.
- About 3 in 10 of respondents age 55 and over have no retirement savings.
- 26% report retirement savings with balances of under $50,000, an amount that is insufficient for people nearing retirement age.
- Over half (54%) of people age 55 and over have balances far behind typical retirement fund benchmarks for their age group.
Now with all these statistics, it would lead us to believe there is no hope for seniors who have no savings, well I am one of those in the statistics who have no savings for retirement.
But I am not complaining, I have found a way in my seniors years to be independent by having my own business and am making an income to satisfice my basic needs, and have the potential of growing in a very successful business over time
I am talking about affiliate marketing, it’s not going to make you a millionaire overnight, it does take time and dedication, consistency, and lots of patience but the reward is great and satisfying.
The great Brazilian soccer player Pele said Success is no accident, it is hard work, perseverance, learning, studying, sacrifice, and most of all a love for what you are doing.
You can start your own online business at Wealthy Affiliate at no cost to you (FREE), you will be given phase 1 of the online entrepreneur certification course, this phase comprises of 10 lessons and at the end of this phase, your website will be up and running and will be ready for business.
You will learn the 4 stages of online marketing
Step 1: Choose an Interest. This can be anything at all, any interest, passion or even something you have no personal experience with.
Step 2: Build a Website. Your website is your foundation and we have the most sophisticated and feature-rich website and hosting platform here at Wealthy Affiliate in SiteRubix.
Step 3: Attract Visitors. You are going to be learning all about how to get traffic and visitors to your website. The first focus is a FREE traffic and there is A LOT of it out there.
Step 4: Earn Revenue. Once you have people on your site and traffic, you can earn revenue. There are over 50 ways you can monetize traffic online!
These step by step instructions will be given in an easily understood manner via video, you will understand what is affiliate marketing and how it works. ( watch the video below )
Understanding how to make money online
This only 1 of the 10 videos that come along with the free membership
The free membership never expires, there is absolutely no expiration date you may have to buy your domain name for about $13.00. If you are using the free domain name siterubex.com will have to be updated.
Of course with our premium membership, there is so much more information that is provided in order for you to succeed in your online business
I have left you a chart of the tools and information that is provided with each membership
You may be asking why upgrade to a premium membership, well your chances of success are greatly improved because of the amount of information and tools offered in the premium membership
Here is a sample of the live videos that come along with the premium membership
I would encourage anyone to upgrade to premium especially if you are new to online marketing
Wealthy Affiliate is a platform that was built for all online marketers whether they have no experience in online marketing or they are super affiliates with years on experience
Wealthy Affiliate is always updating their platform and because of this the platform is current and up to date in all things pertaining to online marketing,
Wealthy Affiliate has been around for more than a decade and has members from all over the world, I think Wealthy Affiliate could the united nations of affiliate marketers.
The Warmth and friendliness between the members are I believe the greatest asset of Wealthy Affiliate, everybody is willing to give assistance there is no competition,
I know if you are old like me or older (I am in my 70’s)you may be thinking you are too old to learn something new, you are not a technical person, you can’t type very well, and you can’t write or you don’t know enough about a subject to write about (those were my thoughts) forget it – Napoleon Hill said: “Whatever the mind of man can conceive and believe, it can achieve.”
Having your own online business is something that everybody can do, it can be done from your home or anywhere in the world as long as you have a computer and internet connections
You do not need a degree in education or anything else, you do not need to be a web designer or any such thing, if you have an interest or a passion or a hobby, maybe you have an interest but you think you do not have sufficient knowledge to write about, with constant research you will become an expert.
You can become a free member look around, build your website and if you decide it’s not for you that’s ok you would have lost nothing.
And if you are not sure and want to look further you can upgrade to premium, if you upgrade to premium monthly before 7 days after you join you get the first month at a 56% discount that is you pay $19.00 for the first month.
You will not be asked to sign a contract or make any commitment and as a free member, you will not be asked for any financial information. So why not give Wealthy Affiliate and online marketing a try you will never know unless you try
You can join by clicking on any of the links in this post, I will be there to assist you in any way I can, so see you on the platform
Nice of you to stop by, thank you please share and should you have a question or comment leave it in the space provided and I will be in touch ASAP
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).