Making money is easier said than done.
Do we still need to make money when we retired?
I am sure a lot of people must be wondering and worried whether they can sustain their retirement especially when they outlive their expected lifespan.
As I mentioned my previous posts on retirement and the need to get prepared for retirement. One of the most important thing we need to address is to have continuous income during our retirement.
People in the oriental part of the World used to have the culture ingrained from long time ago is to raise a family so that the sons or daughters will look after them after they get old and retired.
It was supposed to be the duties of the sons and daughters to look after the parents, however this type of thinking may not work in the modern world.
So, what can the old folks do in this case when the children are not able to take care of them?
I would suggest the children to teach their parents to be computer savvy and learn some skills in online business and start them on the right footing if they do not bother to take care of their parents in the future, This is the least they can do to show their filial piety gratitude to their parent.
It will be good if those who are reaching retirement age can start learning how to make some money doing online business and be financial independent and free during the retirement.
What Can A Retiree Do In Online Business To Be Financial Free?
there are so many ways a person can achieve financial freedom especially using the technology available now on internet, so in a way, the retiree nowadays are more fortunate than those who retired said in the early 1970s
In the 1970s, when there was not internet, and to have passive income, a person might have to engage in some business and made sure the business would bring him good income in his retirement.
In the modern age, with the readily available internet and the advancement of technology, it is easier for anyone to make a living online and for those who want to retire and not to worry about money.
There are so many avenues to make money online, some people have been spending hours online in the social media nowadays and if the times can be spent in generating income will be better and good for retirement.
Among the most common methods being used are:
1. Setting up a store online and sell physical goods/products.
2. Getting involved in affiliate marketing and earn some affiliate commission.
3. Using internet to do online trading of shares, forex and other financial instrument.
4. Contents creation and proofreading of contents.
5. Provide online training courses using experience and expertise gained before retirement.
What To Avoid When Trying To Do Internet Business Online.
A lot of people may think it is just setting up a website and that is it, Money will come in to you.
A lot of people will eventually fall to prey of those scammers online who prey on ignorance and naiveness of people and I believe there are a lot of people who have tried internet business and ended up being cheated of their hard-earned money.
Therefore, before you decide to embark on this course of action, it will be better for you to do a bit more research and look at the reviews of whatever you come across.
Take for example, you have decided to do online stock trading using the available software and platform, I would suggest you really understand the software/platform provider, to be on the safe side, it will be better if you can go along with those platforms provided by the banks or stock brokers whom you may have been using to buy your stock or build up your investment portfolio.
Likewise, if you decide to get involved in forex trading or option, do understand the mechanism of it and select the right platform for you to perform the necessary work.
There are a lot of people offering courses in how to make money online and claimed to have ample success in doing so.
Most of the time, after you have enrolled in the courses and attended the courses which is normally conducted over the weekend, you suddenly find out you learn very little from the two days courses and was informed by the seminar host that if you wanted to learn more, you needed to enroll in the more in depth courses they have available, and you recalled when you attended the briefing, they claimed they would reveal the secrets' method they used to achieve their success if you signed up for the two days courses!!!.
For affiliate marketing, there are quite a lot of affiliates program available, here again we have to really study and find out which one really can get you good money, some claimed they pay well if you are able to promote their products.
Another business model people will use to make money online which the retirees may want to consider is the publication of e-book, since retirees may have quite a lot of times and rich wealth of experiences, you may want to start writing e book to share your experience on topics you may have encountered.
If you are not good at writing, you may want to get some ghost writers to write for you by telling them what topics you want to talk about and then you vet and edit the work produced. Then you get a graphic designer to help to design your e book cover and then publish your e book in Amazon or whatever platform which you think you may have a better audience.
Once you have done that, you may want to sell your e book in Amazon Kindle Store
What Will I Recommend To Start and Prepare for Internet Income For Retirement?
If you are not in a hurry and have ample times to prepare for your retirement and if you wish to learn and enrich your knowledge about online business, I would strongly recommend you have a look at Wealthy Affiliate.
In this Wealthy Affiliate community, if you really follow the training outlined in the website and actively participate in the discussion and posting questions, you will be surprised to learn that there are a lot of people in this community who are willing and readily available to share their experience and knowledge on making a success in online internet business.
If you have any questions or wish to share your experience on this topic, please feel free to leave your comments and questions and your experience in the feedback space below and I would be glad to get back to you and thank you for your feedback.