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In 1991 Billy and Akaisha Kaderli retired at the age of 38. Now, into their 4th decade of this financially independent lifestyle, they invite you to take advantage of their wisdom and experience.

Why Running a Business in Your Golden Years Might Be the Perfect Idea

Marjorie Gladsfeld

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When you think of retirement, what immediately comes to mind? Sipping on margaritas on the beach in the middle of the week? Is it traveling to unknown destinations with no care in the world? Is it just relaxing at home and living a carefree life? For everyone, retirement means something different. It does mean financial independence, it does mean not having to stress by work, and it’s about enjoying your golden years.

But for the next few decades, just doing nothing but relaxing activities can get to a point where it becomes boring though, right? You should enjoy the fruits of your career, all of that hard work you spend ages doing. However, with that said, an increasing number of retirees are choosing a different path by venturing into entrepreneurship. Sure, it’s technically work, and owning a business, even as a part-time retiree, it can be rather tiresome.

But to each their own, right? So, here’s why running a small part-time business during retirement may actually be a pretty good idea after all.

Passion Pursuit

Is there anything you’re passionate about in life? A lot of retirees will finally dive into this passion during the retirement phase of their lives. Retirement provides the opportunity to pursue passions that may have been on the back burner during a career. So, starting a business in an area you are passionate about not only brings personal fulfillment but also allows you to share your expertise and experience with others.

A Second Act on Life

One of the beauties of retirement is the fact that it’s considered a new beginning; it’s like you’re beginning your life anew because there will be so many changes during this time of life. Plus, retirement marks the end of one chapter but opens the door to a potential second act.

In a way, running a business provides a new sense of purpose and direction, and it’s going to allow retirees (like yourself) to channel skills and knowledge into something meaningful and rewarding. So, why not start that new chapter, that Act II in your life, with this? It’s totally new and scary but so rewarding, too!

Financial Supplement

Some retirees will sadly need to resort to going back to work so they’ll be able to afford the cost of living; others have to pinch pennies to live the lifestyle they’re always hoping for during retirement. Then there are the business owners who are still working, but at the same time, they’re still partially retired. It’s a nice way of showing that you can truly get the best of both worlds.

So, think of it this way: entrepreneurship in retirement offers the chance to supplement income. It can be a small-scale venture, or a passion project turned profitable, but a business is going to be able to provide additional financial stability and the freedom to enjoy retirement without constantly worrying about finances. Plus, running a business doesn’t need to be expensive either; nowadays, you can hire an SEO firm to do your marketing, and you’re barely going to spend anything in the process; the same goes for freelance help.

Make Your Schedule How You Want It

When you’re your own boss, you pick when you want to work, how long, where you want to work, and basically everything else. There’s that much-needed flexibility.  You get to set your pace so you can still have that exciting and carefree retirement you want, but you still feel that purpose and responsibility that work gives- but all on your terms with a better work-life balance.  

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About the Authors

 
Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance, medical tourism and world travel. With the wealth of information they share on their award winning website RetireEarlyLifestyle.com, they have been helping people achieve their own retirement dreams since 1991. They wrote the popular books, The Adventurer’s Guide to Early Retirement and Your Retirement Dream IS Possible available on their website bookstore or on Amazon.com.

contact Billy and Akaisha at theguide@retireearlylifestyle.com

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Retire Early Lifestyle appeals to a different kind of person – the person who prizes their independence, values their time, and who doesn’t want to mindlessly follow the crowd.

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