In this article I’ll be discussing options for retirement income streams which will
help you continue to make money without all the work that you have
been doing all your life to make someone else rich. The point of
retirement is to finally break free from the slavery of living for an
employer’s goals and to start working on your own goals and dreams.
Social Security and/or other pensions may help you to get by but they
most likely aren’t going to let you have much freedom. In other words
they’re not going to let you do whatever you want to do whenever you
want to do it. You can create time AND financial freedom in a
relatively short period of time. In fact after you work to build your
own online business you’ll be able to automate most of it giving you
Home Based Business
The best retirement income stream is starting a home based business. Now this does not
necessarily mean that you need to invent some brand new product that
has never been seen before, because that can be a lot of work. You
can do that if that’s what you want but it’s certainly not necessary.
In fact most people start out selling other people’s products. It’s
called affiliate marketing. The benefits of a home based business
include more free time and working on your own schedule. This gives
you full control over your work, how much you work and be your own
boss. What is there not to like about this option?
Have An Idea Yet?
There are way too many home business ideas for me to list here but what I can do is give you a
couple of examples just to get your wheels turning. One thing you can
do is to be a consultant by relying on what you know the most
about. That area of knowledge may be related to the work you’ve done
all of your life or even your favorite hobby. You’d be very surprised
what people will pay money for. Knowledge really is power and people
are ready, willing and able to pay for it. This retirement income
stream is a home based business that can be started with just a
computer, internet and a cell phone for you to get
started. You could actually run your business entirely from your
phone. This idea only requires you to rely on your previous expertise
and passing it along to other people.
Simply giving someone your knowledge may seem like nothing to you but it’s
worth a lot to someone who doesn’t yet know anything about what it is that they want
to learn. Many people want to learn what you already know or that
comes natural to you and they will pay you for it.
You Can Do It For Them
Another option for your home based business is the “done for you” angle. Some people
don’t want to learn about a particular project, they just want to get
it done. Maybe you’re an expert at coding or some other technical
area that can be done by you from home or on your phone while you’re
at the coffee shop. People are always looking for an extra hand to
help or someone to get a project done for them.
These types of things can be done for any level of government or even the military or just regular
people. Since you are doing it as your choice of a home based
business rather than an employee, you can choose not only your own
hours but also how much work you take on. Most importantly, you decide how much the project is worth. That’s not to say you take as much money as you can from people. You always want to make it a win-win situation. You’ll be your own boss
and work at your own pace and own your own time, something that a lot
of people dream of.
Time AND Financial Freedom
No matter what home based business you decide to pursue, there are many benefits that come from
pursuing this form of a retirement income stream. One, you get to
work on your own time as much or as little as you want. You are
adding to whatever retirement income you already have which only
helps your time and financial freedom. With this home based business
you can make it work wherever you call home, which often means that
you can continue working on the road as well. This way you can truly
enjoy your retirement by traveling if that is something that you
enjoy. Your own business helps create a retirement income stream for
you and gives you the ultimate freedom with your time.
No More Money Worries?
Added to your earned retirement income streams like pensions and social security you could truly
never have to worry about money any more. I know, for me, the word
“budget” is a four letter word. I don’t like to ask how
much something costs. If I want it I want to be able to buy it. It’s
a great position to be in. When you’ve lived under time and money
constraints your whole life, having time and financial freedom will
also reduce the stress you’ve always had and help your health in the
long run. Maybe it will even cause you to live longer and enjoy your
new-found freedom that much longer too!
Hang Out With A Community
So these are just two ideas for you to add as another retirement income stream. There are, as I said
earlier, so many things you can do that they are just too numerous to
try and pass them all along to you. One thing which helps is to
associate yourself with a community of like-minded people who want
the same freedoms that you do.
The one and only community online which I recommend is Wealthy Affiliate. Don’t let the name make
you think it’s only about being an affiliate because there is so much
more to it and the people there can help you figure it all out. It’s
free to do so too. Here’s a review of Wealthy Affiliate that can give
you a better idea of what they’re all about so you can go there if
you like. With more time and less pressure on your back from a
potential boss, a home based business is a great way to keep income
not only flowing but increasing in retirement. You may even earn more
money than you ever have in your life. What would that do for your
retirement and freedom years.