How to overcome financial stress.

Retirement should be an exciting time in your life, but the fact is it can also be a financially draining time in our lives, 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

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

And some times we are banking 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 own 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 any 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 you’re formally admitted to a hospital with a doctor’s order.
• You’re an outpatient if you receive any type of 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 expense could cost up to $240,000 during your senior years,  and they suggest a special saving account for that day.

Now if you are an earlier boomer like myself that means you were born in the years from 1946-1957 I think for us to start savings account now in order to save $240,000.00 would be a near impossible feat.

Near impossible but not impossible. There are some things you can do, you can make a budget, and you can also get all your debt consolidated by debt counseling companies like in everything 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 hard there are companies that can help you to create your own business for free and the #1of these is Wealthy Affiliate.

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

You can turn any of your hobbies into a business, you could author an ebook on any subject recipes, healthy diet or anything for that matter.

Or if you make things your website would enable you to sell your stuff worldwide, and maybe you are thinking 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 you will be compensated by the merchants if any purchase is made through the adds on your blog.

The merchants will assign to you a code that you will insert in your blog and when a purchase is made by a customer clicking on that code you will be paid a commission.

At Wealthy Affiliate you will be shown how this and everything has to do with online marketing is done  AT 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 the 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 Wealth Affiliate is built to suit everyone whether your a novice, have a little experience or you are a super affiliate marketer.

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

In fact, 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 and at the end of the 10 lessons you will have your web site up and running and contents already posted and monetize the entire course is 5 phases  or 50 lessons

Have a look at one of the training videos that 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.

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

I have posted the premium price here

Everything is provided in the 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 platform that if there is a  technical problem you will have to pay $19.00 for tech support at wealthy affiliate technical supports 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 the some of the finer points in 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 definitely affect every area of your life. If you have financial crises, you will experience some difficulty concentrating on your daily task, 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 cost and the way to do that is to prepare, no one knows what the real amount of savings is needed in retirement, every financial institution has a different amount.

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

And with affiliate marketing it is not hard it does not cost a lot of money to start, you do not need a brick and mortar building, no inventory, no dealing with customers.

The only cons about affiliate marketing are it takes time, 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, 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 my70’s with no prior experience in online marketing or any technical skills of any kind and I am doing it 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 but this offer has to be taken in the first 7 days.

And another thing that is great about Wealthy Affiliate there is no contract to sign,  and no commitment to Wealthy Affiliate, the commitment 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 please leave it int he 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).