Many people think that life after 50 is downhill. With the avalanche of Baby Boomers about to retire, 50 is the new 40! NOW, TODAY, right after reading this article, is a great time to start your own home based business! The benefits of seeking a “pot of gold” for retirement are so numerous that the downside of potential failure is almost non-issue regardless of age. There are literally thousands of MLM, MRM, referral based and residual based companies floating around today. Somewhere out there, there’s a home business opportunity that’s perfect for your lifestyle.
* First, let’s talk about tax benefits:
I am not a tax accountant and I recommend you talk to your to get the full story. That said, my experience as a business owner has been very favorable, especially when it comes to tax incentives. Regardless of your income level, we could all use more tax breaks!
– Young Whippersnapper:
If you’re in your early 30s, don’t let the preverbal grass grow under your feet! The earlier you start, the more time you have to grow your business. Treat your home business as you would if you were investing in stocks. A little every day, don’t give up, and in the long run, you can bank big!
– Early retirement:
If you’re nearing midlife, the tax advantage will come in handy from time to time when it’s time to retire. Also, unless you’re one of the 20% of the population that has their retirement bill together, you’re going to need extra income. Wouldn’t it be great if you worked at Wahl-Mart because you wanted too much instead of because you had too! Enough saying about that.
– The golden years:
If you’re already retired, you may not be paying taxes because you’re not making enough money in the first place. Naturally, many retirees fear that if they earn more money they will have to pay taxes. If you get into the right business from home, the amount of money you make will more than offset the amount of taxes you’ll owe. And let’s not forget the initial tax advantage you can get right from the start, which could put more money in your pocket.
* Second – Let’s talk about income:
There are so many home business opportunities available; it can be hard to know where to start. My husband and I are involved in completely different businesses, but our rule of thumb has always been: “Don’t sell a business you wouldn’t use yourself!” I have found through my years of marketing that when you believe in a product, you can promote it with conviction! If you are going to be successful, you may have to get through those tough times or the tough times where your business doesn’t seem to be taking off fast enough. You will have to treat your business like a child. Don’t abandon him when he misbehaves! Don’t give it up when it costs money like a teenager! Instead, train it, make adjustments to fit your lifestyle, both in terms of time and money. Stay with him and he will come around! For us, that has been the importance of conviction.
The important thing is to start and the central key issue with staring is to start today!
