[ad_1]
For baby boomers approaching retirement or already well within their golden years, it may seem like it’s too late to boost income, especially with so much financial advice touting the importance of starting as early as possible. But Robert Kiyosaki, financial expert and famed author of “Rich Dad Poor Dad,” doesn’t see it that way.
Trending Now: I Help People Retire Every Day — Here’s the Most Common Retirement Mistake People Make
Try This: The New Retirement Problem Boomers Are Facing
He suggests that everyone create multiple income streams, and has plenty of advice for older professionals looking for a career change or different work arrangements to help make ends meet. No matter what you do or how you do it, it’s never too late to have another path to making money, even if you have already reached retirement.
According to Kiyosaki, here are four encore career options and inspirations seniors should consider.
As kids, so many people find love and joy in hobbies, crafts and sports. Once you get older, it can be harder to justify continuing to explore anything that doesn’t generate any sustainable income. Reaching the age of retirement, on the other hand, allows for a reset.
According to Kiyosaki, not only can you find more flexible work, but it can also help you stay active and engaged both physically and mentally. He urges retirees to follow their passion, harness their sense of purpose and turn it into a business that not only can bring in some money but also some part-time or full-time enjoyment, as well.
It creates a work culture environment where you are your own boss, on your one timeline, with relatively low start-up costs. This can range from selling homemade goods on Etsy to tutoring online in subjects you might be well-versed in, such as history, literature or math.
“Following your passion could be the perfect retirement plan,” Kiyosaki described.
Be Aware: 4 Retirement Expenses Boomers Didn’t Plan for — but Should Have
Working at a job or in a field for many years, you probably have developed a set of skills or training that you might not realize could actually be utilized post-career. For Kiyosaki, this could be something as simple as realizing that you are great at math, and therefore, can help friends and family with taxes, accounting and bookkeeping.
Whatever your unique talents are, Kiyosaki recommends brushing up on these skill sets with a refresher study or some new training, then putting them to work for you in retirement. You could even work as a consultant in your chosen field for a nice bit of pay for a lot less time in the office.
[ad_2]
Source link
