Retire Early
Lifestyle
Retirement; like your parents, but way cooler
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. |
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Why Running
a Business in Your Golden Years Might Be the Perfect Idea
Marjorie Gladsfeld
Image credit
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.
About the Authors
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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