Alternative Means To Retirement

[Kola Dimitry]

Why multiple income streams is the saving grace for lacking retirement savings. This requires a mindset shift away from thinking financial independence comes only saving money and earning 7% a year on your retirement savings over time.

The answer is income and here is why:

1. By the time you’re midlife you have many skills
2. Have alternative means of income aside retirement
3. You can make money virtually
4. Small business comes with tax benefits when handled properly
5. Income is unlimited
6. Income streams can be tailored to your skills

You can lay the foundation for income before you retire by testing out your ideas, learning new skills to support your ideas, such as how to establish an online presence

 

[Alexandoy]

I have worked in the movie industry for more than 10 years. Some of my friends who are film directors are still earning by doing workshops. They teach their skills on the discipline of movie-making. They are already retired at age 70 but they still enjoy life with their kind of work. The pay is quite good and they enjoy teaching in the workshop.