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The Baby Boomer Generation's Resource Hub For
Entrepreneurial Success And Supplementing Your Planned
Retirement
Income ...
ENTREPRENEURSHIP
ARTICLES:
January
14, 2010: Seeking A Home Based Business Opportunity? Copy or Follow my
due diligence process
See our 4 video series on the absolutely critical components to look
for in a home based business opportunity to ensure your success.
These are the exact things I looked at in-depth when I was
seeking the right opportunity in 2007. These are the key
contributors to my continued success the last 2 years.
December
25, 2009: Why Is This The Perfect Time For A Baby Boomer To Start A
Home
Based Business
See our 10 minute video on why this is a perfect time to start a home
based
business as a baby boomer. The number of baby boomer
entrepreneurs on the internet is about to explode right in front of
your eyes! This business has just "crossed
the chasm" on the product adoptiion lifecycle and is
poised perfectly for the growth coming with baby boomer entrepreneurs.
Looking For Your Own Profitable Business Start-up? Check This
Out
November
15, 2009: Home Based Business Entrepreneur
Why
are the ranks of home based business entrepreneurs swelling right now
in an uncertain economy? We believe the answer is pretty simple and is
the perfect storm of an uncertain economy and the baby boomer
generation reaching retirement and pre-retirement age. Is
this
shift just beginning or are you too late? Our answer might
surprise you!
October 23,
2009: US News and World Report: Baby Boomer Businesses are
Booming
We like to think that most entrepreneurs
are 20-somethings starting Web-based businesses in their garages.
Although there are a few famous business titans who launched companies
shortly after college or even dropped out, that is far from the norm.
Americans between the ages of 55 and 64 have had a higher rate of
entrepreneurial activity than those age 20 to 34 in every year between
1996 and 2007...
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The EBRI
2008 Retirement Survey
Worst
Statistics Ever - 2008
Only 18% of Baby Boomers believe we have enough resources to retire
comfortably!
Down from 27% in 2007
Now
The 2009 Numbers are out
and even worse. That 18% number has dropped by 25% to 13% Only 1 out of
8 of our Baby Boomer peers believe we will have enough resources to
retire
comfortably.
We
grew up in prosperous times and lived life to the hilt...
but have baby boomers saved enough for retirement?
The majority of us baby boomers foresee
neither full-time leisure nor full-time retirement, but a combination
of both. With 30 years of retirement a real possibility, we are looking
for challenges, not rocking chairs. Some plan to launch new careers or
use their skills as volunteers. Others say they will go back to school,
start
their own businesses, or try to turn a profit from a hobby.
Are You a “Wealth Builder”,
"Empowered Trailblazer" — or “Leisure Lifer”?
In The New Retirement Survey, Harris
InteractiveŽ and Age Wave questioned a diverse population and
identified five different types of soon-to-be retiring boomers: the
"Empowered Trailblazers," the "Wealth-Builders," the "Leisure Lifers,"
the "Anxious Idealists" and the "Stretched and Stressed."
About 18% were “Empowered Trailblazers,”
people who look forward to retirement because they see it as a progression to
another phase of life. About 90% in this group plan to
work some after retirement, but they will also be busy with travel,
volunteering, taking or teaching classes, and generally enjoying
anything new that comes along.
“Wealth Builders” (20%) are looking for
more financial security for themselves and their families,
and money is the main reason 79% will continue to work after official
retirement.
“Anxious Idealists” (13%) worry that they do
not have enough money to retire, especially since they want to
leave an inheritance for their children and a legacy to charitable
organizations.
“Leisure Lifers” (13%) just want to relax.
They’re sick of work, probably never liked their jobs, and definitely
don’t want to work after retirement. They had low income levels and did
not save enough, but they figure “someone will do something” to help
them if they get into trouble.
The “Stretched and Stressed” (18%) are well
aware that they have not saved enough for retirement. They will work
because they have to, but they don’t look forward to it. This group is
the least optimistic.
So much home equity has
been lost that 30% of boomers, aged 45 to 54, are underwater in their
homes, according to "The Wealth of the Baby Boom Cohorts After the
Collapse of the Housing Bubble. " The report, released by D.C.-based
think tank the Center for Economic and Policy Research, also found that
18% of boomers aged 55 to 64 would owe money at close if they sold
their homes.
Has your wealth/equity been impacted? Discover How To Build A
Better Nest
Egg! Details
Here October 15,
2009: Feng Shui for the Home Office - Enhancing the energy of a space
can increase productivity and creativity.
Whether you are setting up a new home office
or have an established
office, your workspace strongly influences your productivity,
creativity and motivation. Feng shui, the 2,300-year-old Chinese art of
harmonizing buildings with nature, gives you simple solutions to
enhance the energy of your work environment, from merely functional to
balanced and inspired.
Read Full Article Here October 9,
2009: Retirement Thinking - Different generations share their views on
Retirement.
Charles Schwab survey asked four generations
to share their hopes, dreams – and fears – about retirement
in a landmark survey of 3866 respondents. You can
respond to the survey questions and compare your answers to your peers