Tag Archives: business

Saying Goodbye to Your #Career … #retire #retirement #retireinspired

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When I left my job for the last time, I drove away with a tear in my eye. I played a sad song on the CD player, drove down the street, and prayed that I made the right decision. My mind still wanted to work, but my body was tired. Job stress was affecting my health. When I was younger, I could ignore or shake off the stress. In my mid 50s, I started feeling the effects of stress. I had to make a choice between the nice paychecks and my health/life. I had worked so long and hard to establish my career, and advance through the corporate ranks. I didn’t want to give it up, but I had to. I did not want to push the limits, and end up on a gurney in an emergency vehicle heading to the hospital! I wanted to walk away on my own terms with my head held high.

It has been one year since I retired. I don’t regret my decision at all. During the past year, my focus has been my health. Every single day, I focus on getting enough rest, eating right, drinking lots of water, exercising at least 30 minutes per day. I try my best to stay calm, but I have had some challenges. My husband and I retired at the same time, so we are both in the house at the same time (smiles). It is a huge adjustment. We talk alot so we can work though the logistics, misunderstandings, … The one thing I miss about the workplace is the social interaction. I miss some of my co-workers, so I try to stay in touch via email, and having lunch every now and then.

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6 #Businesses to Start with Little to No Cash! #over50career #50pluscareer

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Even if you have a successful career, and are in the “over 50” category, it still behooves you to consider an additional stream of income. You never know when your employer might merge, initiate layoffs, or offer early retirement. Due to technological and geopolitical changes in the economy, businesses must adapt to a constant state of change. Sometimes businesses will add employees to account for extra demand for their products or services; and sometimes businesses will eliminate employees to reduce liabilities. Some jobs may be lost to the increased use of robots. Fast food restaurants are already using robots to replace humans. Geopolitical changes in the economy result from trade agreements negotiated with other countries, such as NAFTA. Typically, the first employees laid off are workers over 50 because their salaries and benefits are higher than younger employees. If you are over 50, it is prudent to prepare for uncertainty in the economy by creating an additional stream of income. To learn more about 6 businesses you can start with little to no cash, click here. For more on preparing for economic change, click here.

If you are over 50, and you are concerned about economic changes affecting your career or business, please share your concerns by joining us at The Fifty Plus Network:

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3 Ways to Prepare 4 New President & #Economy! #business #businesstips

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No matter who you like and/or who you voted for, there will be a change at the top leadership position of the free world! That change introduces “uncertainty” into the economy and financial markets, so there will be volatility. There may be job losses in your industry based on new policies. We all must prepare for change, and here are 3 ways:

  1. Beef Up Your Emergency Fund
  2. Create an Additional Stream of Income
  3. Learn the U.S. Tax Code

Beef Up Your Emergency Fund

Try to save money wherever you can. How? Take a look at all of your discretionary spending, which is money you don’t have to spend. For example, you don’t have to buy a coffee everyday. Make your coffee at home using Mr. Coffee 12-Cup Coffeemaker, Black, SK13. Spend $25 on a coffee maker and it will pay for itself in 5 days! I am a huge proponent of taking your lunch to work every single day. For inexpensive lunch ideas, click here. Instead of drinking a soda or fruit punch with your lunch, drink water. Water is healthier and it’s FREE! Taking your lunch and drinking water will easily save $10 per day! That’s $200 per month and $2,400 per year! Your emergency fund should cover at least 6 months of expenses just in case you lose your job or incur unexpected expenses.

Create an Additional Stream of Income

Generate extra monthly income. How? Take a look at your passions and skills.

  1. What are you really good at? What do you love doing? What would you do even if you didn’t get paid for doing it?
  2. Can you provide this product or service to others, and would they pay for it?

If you have elderly or very busy neighbors, they probably need help around the house. They may need help running errands. Think of ways you can make their lives easier, and how much you can charge for that service. You can build a customer base in your own neighborhood! Minimize advertising expenses by using word-of-mouth and old-fashioned flyers! What types of services can earn extra money?

  1. Cut grass
  2. Teach classes in your area of expertise
  3. Cook meals for an elderly neighbor or client
  4. Tutor children or young adults
  5. Run errands for an elderly neighbor or client
  6. Fix computers
  7. Provide transportation to an elderly neighbor or client
  8. Program electronics such as alarm systems, cable or satellite TV, thermostats
  9. Powerwash house siding, decks, and sidewalks for homeowners
  10. Gardening (pull weeds, fertilize grass and plants, prune shrubs)

Learn the U.S. Tax Code

Donald J. Trump is our president, and the Congress (House and Senate) remain controlled by Republicans, so you can believe they will change the U.S. Tax Code to help businesses, large and small! Once you decide what type of product or service you can provide, and get paid for, form a small business. Learn about Schedule C of the U.S. Tax Code. Read it and study it, over and over again. If there are terms you don’t understand, google the terms. Read books such as Start Your Own Business, Sixth Edition: The Only Startup Book You’ll Ever Need. To save money, go to the library and borrow the business books. Make sure the books are no more than 1 – 2 years old because the Affordable Care Act has had a universal impact on the U.S. Tax Code.

To summarize, extra monthly income will help you weather the storm, no matter what policy changes occur when a new president takes office. To learn more about career and business options for folks over 50, click here.

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Welcome to The Fifty Plus Network! #over50 #50plus #over50lifestyle #50pluslifestyle

The Big 3 for those of us over the age of 50 are: Health, Career/Business Options, Retirement. The Big 3 will be the focus of our website, thefiftyplusnetwork.com. The impetus for the website came from an article on career challenges for “over 50” employees. One of the interviewees said she wished there was a place to network about issues important to folks over the age of 50. Thus an idea was born! Our goal at thefiftyplusnetwork.com is to become an online meeting place to encourage and help one another, and to share ideas and tips. To join The Fifty Plus Network:

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