How Can You Retire At 55?==>[Saving Might Not Be The Best Option]

How Can You Retire At 55?==>[Saving Might Not Be The Best Option]

SAVING MIGHT NOT BE THE BEST OPTION IF YOU ARE THINKING OF HOW YOU CAN RETIRE AT 55. SO WHAT WORKS TODAY?

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INTRODUCTION

Welcome to my article which elaborates on the question: ”How Can You Retire At 55?”

Unlike many financial gurus out there, who recommend saving as one of the best methods of preparing for retirement, I prefer to adopt a more practical approach as savings comes with a lot of disadvantages which will be elaborated further down. I’m by no means discrediting savings in any form, but when you take a closer look, you are going to be needing much more than savings to secure a comfortable retirement. In fact, you would probably need something close to your recent salary or even more. Don’t underestimate the expenses that come with aging. So now that you wish to retire much earlier, it will definitely take more than setting a little amount aside every month to successfully retire at 55. So let’s get right into things to tackle a great question you have raised concerning your future: ”How Can You Retire At 55?”

 

 

SOME IMPORTANT FACTS ABOUT RETIREMENT AGE

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Following studies conducted by the Organisation For Economic Co-operation And Development (OECD), on 34 countries, it was concluded that the average retirement age for men was 65 and that of women was 63.5.

In the USA, for instance, this ranges between 62 and 67. These are the years at which you become entitled to receive retirement benefits. Depending on how early (62), or late (67) you decide to retire, your retirement benefits will be reduced or increased accordingly.

This means that if you retire at 62, your benefits will be reduced to only 75% of the total amount, but if you are able to wait for your full retirement age (67) before you claim your benefits, you will be given 100%.

So what happens if you decide to retire much earlier, at 55?

If you don’t belong to some specific sectors where it is possible to retire at 55 and start receiving your benefits, you would need to take appropriate measures to prepare for your early retirement.

Or better still, accumulate enough savings to take you through retirement.

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THIS IS WHY I THINK SAVING MIGHT NOT BE THE BEST OPTION IF YOU ARE PLANNING TO RETIRING AT 55

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You don’t want to lag behind your retirement planning and wake up one morning only to realize that you are already retired with no viable backup plan.

In fact, a recent study, The 2018 Planning And Progress Study, provides evidence that 78% of Americans are not prepared for retirement. For this reason, Americans are planning to work much longer into retirement. Most Americans are planning on retiring at 70! This is quite scary.

And all these years, gurus continue to make one and the same recommendations which do not work. Why then do Americans still continue to lack more confidence when it comes to their preparedness? With all the financial advisers available both online and offline.

It’s time to start thinking out of the box, and out of the comfort zone to actually survive your retirement era. This is what my article is all about. It’s your life we are talking about here.

So congratulations on thinking well ahead of time. I really appreciate your efforts.  Very few people have come to this awareness and you are one of them.

This article is like no other and maintains a unique and different take on how to approach retirement. Nothing compared to the others out there. Chances are that you already have an idea about what every other blog on this topic out there is recommending when it comes to preparing for your retirement. I’m talking about strategies such as:

  • Participating in a retirement plan such as the 401 (K);
  • Catch up contributions;
  • ROTH IRA

I could go on listing them, but all of them have one common characteristic: they require that you set aside an amount of money on a regular and consistent basis, which is absolutely not obvious.

All the methods above are simply not working, and more research data is being provided to prove that they don’t. Don’t even for one second think it’s your fault. Are you saying that 78% of Americans are that dumb enough to ignore their retirement planning?

I don’t think so. The main problem lies in the fact that :

IT’S NOT PRACTICAL TO SAVE IN OUR CURRENT ECONOMY FOR SEVERAL REASONS. SOME OF THEM HAVE BEEN OUTLINED BELOW:

  • Living cost is on the rise;
  • It becomes more strenuous squeezing money out of an already so tight budget just to invest in any of the strategies outlined above, which are highly recommended by financial gurus;
  • The investment methods highlighted above (and many more not mentioned here) would be incredibly difficult for the non-experts to implement, requiring them to pay for the services of a Finacial Expert==>more expenses on a budget which is already so difficult to manage;
  • What happens if you lose your job? I seriously don’t wish for that to happen, but it’s the reality which must be taken into account. Saving consistently would mean that you have a stable job forever, which is usually not the case. I’m a perfect example. During my career as a consultant, I changed jobs 2 good times before finally deciding to set up my own online business. During those times when I was looking for a new job, there wasn’t any income coming in, and it would have been absolutely impossible to honor my commitment to save consistently.

The reasons are many why we cannot really rely on savings.

Many other blogs out there will equally put the blame on you for not being able to save. The ”brainwash” cycle will just continue and take a toll on you, and before you know it, you will wrongly hold yourself accountable for circumstances which are way beyond your control.

When I was working in my twenties, I knew I had to save, and even started saving. It wasn’t long before I withdrew all the money to attend to family issues. It’s not a matter of lack of discipline or having no clue as to what to do.

If saving today, is causing you to starve, thereby affecting your health, your family, and your ”NOW”, what would you rather do? Your ”NOW” is more important than your future, because if you don’t make it ”NOW”, there would be no future for you.

So don’t save to the detriment of the ”NOW”. It simply does not make sense. This is not rocket science. What should you rather do?

Go to the next section to find out.

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SO HOW CAN YOU RETIRE AT 55? THE GOLDEN QUESTION FINALLY ANSWERED

How Can You Retire At 55?==>[Saving Might Not Be The Best Option]
How Can You Retire At 55?==>[Saving Might Not Be The Best Option]
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I will go straight to the point and tell you how you can successfully retire at 55 without any fears or lack of confidence when it comes to your finances:

YOU SHOULD DEFINITELY START A LEGITIMATE ONLINE BUSINESS WELL BEFORE 55 AND BE CONSISTENT AT IT!

Ok, ok. I should have said, ”You should start A BUSINESS” but I carefully chose my words, meaning I’m specifically referring to AN ONLINE BUSINESS, NOT OFFLINE.

And please excuse me, not just any type of online business.

As an employee who is currently earning a salary, you need an equivalent online business which is worthy in its own right, and which is capable of generating a sustainable amount of income that you need for retirement.

So stay away from opportunities such as online surveys, MLMs, data entry, etc… These opportunities are usually targeted by those who have absolutely nothing to do and are desperately hoping to make only maybe $1 by the end of the day.

We are talking about your retirement (you need sufficient funds), and there’s only one business model that can help you retire at 55 if you get it right from the start with the best training resources.

That business model I’m referring to is Affiliate Marketing.

Let’s look at some of the reasons why you urgently need to start an affiliate marketing online business if you haven’t already done so:

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#1Huge Income Potential

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This is definitely my first reason to encourage you to start an online business, specifically in affiliate marketing. The potential is limitless and is directly proportional to the efforts you put in.

So instead of barely managing to squeeze out some couple hundreds of dollars to send to some investment scheme, I rather prefer that you take full control of the entire retirement preparation and start building an online business right away.

Not only would appreciate every moment of the now, but you will also be able to alleviate the financial strain related to savings.

Let me explain.

If you have to go with what the financial gurus recommend out there, that would mean saving close to $500 every single month. But how much does it cost to start an online business which can yield you $1,000s on a monthly basis and even more? You will be shocked to know: less than $30/month.

While the decision to continue saving is totally up to you, it would be completely unwise to pass an opportunity by, which is nonsignificant in terms of cost, as compared to your savings. And the irony is that this opportunity has the potentials of paying you off big time only within a couple of years.

Don’t be surprised if you actually retire much earlier because of the successful online business you would have created.

This is what I strongly recommend you should do next.

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#2Incredibly Flexible

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This one is the best part.

You can literally start building an online empire without having to quit your job because you can work on your business from just any part of the world. All you need is a laptop and a fast internet connection.

Unlike applying for new jobs, or even managing two jobs at a time, which could be physically strenuous and time-consuming, starting an affiliate marketing business doesn’t need too many complications. Work from your home, your garden, your living room, you decide.

Not only will you be able to watch your favorite movies while you work, you also get to relax and enjoy the flexibility of the entire process.

Are you serious about retiring at 55? Well, get to work and start building your way out because savings will not sustain you in the long run, but your online business will in many decades to come.

There is no risk of putting your main work at risk because you only have to work during your spare times.

So set yourself some new goals and start working towards achieving them. You are already so ambitious for deciding to retire at 55 so this will actually not be too difficult for you to grasp.

This is what I strongly recommend you should do next.

#3Passive Income Generation Potential

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This is one of the best reasons why starting an affiliate marketing business is a must if you want to retire at 55.

Not only will the income generated be huge, but it will also be passive. That means even while you are not working on your business, once it’s set, it continues to make sales in your absence.

This particular advantage is highly relevant during our retirement era when our youthfulness will no longer be available.  So what do you intend to do with the energy you have freely available right now?

Put it to good use and build that future that you deserve, while enjoying your present. Don’t plan to work at the age of 70 like the others. You should do all the work today, even if it means working 24hrs round the clock because your body can still support it.

Don’t wait until you are 70 before you realize that you need some extra income.

This is what I strongly recommend you should do next.

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#4Insanely Cheap!

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As if the huge income generation potential is not enough, you spend relatively much less to start a successful online affiliate marketing business.

There are many entrepreneurs out there who will sell you the idea of paying close to $2,000 just to get you to signup for their expensive affiliate marketing training course.

Not only are most of them not complete in terms of the training materials needed, but you also have to pay thousands more just to get the appropriate tools needed to make your affiliate marketing business to thrive.

You wouldn’t have to go through all that since you are here, because I’ve selected only one platform that will teach you everything you need to know, at what prices? At less than $30/month.

Guess what, there is also a free membership. How badly do you want to retire at 55? Click the link below to see what you should do next.

This is what I strongly recommend you should do next.

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#5You Can Pass On Your Business To Your Future Generations

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You read right.

Once you have a business which is fully operational online, it goes nowhere else. It remains life online and continues to receive clients who continue to purchase, and you continue to make passive income.

Let’s imagine for one second that you are about 40 years old today, and you dedicate a couple of years building that asset while still maintaining your current position at your workplace.

What would you do if your business starts generating an insane amount of income in 3 or 5 years? That means the rest of the years following that will be net profits multiplying many times over.

You better start thinking of how you will manage that in your absence. Or better still, go to the next section to discover what most people do with their lucrative businesses. I will not be surprised if you actually retire at 50.

This is what I strongly recommend you should do next.

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#6You Can Equally Sell Off Your Business And Start A New One From Scratch 

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They sell it off and create a new one.

I know of many people who have sold their affiliate marketing website for over $30,000. You might actually think it’s a complicated process to build a business that could be worth over $30, 000, but once you get started, sooner or later it will become second nature.

Now depending on the individual objective, (retiring at 55 in your case), affiliate marketing is definitely a learning curve that you should embrace with all your heart with all the potentials it possesses.

Come to think of it.

Once you get it right, it’s done for life. All you have to do is rinse and repeat. Meaning the sooner you start learning, the better for you. So once you keep at the back of your mind that you will retire at 55, nothing will stop you from building an affiliate marketing business that is worthy of your name.

This is what I strongly recommend you should do next.

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#7 You Can Diversify Your Sources Of Income Once You Feel Ready

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The potentials in affiliate marketing are great indeed, and literally, any niche is profitable. Don’t worry if you don’t understand what I just said. Our training platform will provide more details on that, using an amazing and simplistic step by step guide.

Because of this huge potential, many starters are tempted to do everything at once. You shouldn’t do that. Start with one first, take your time and master it. And then use your expert knowledge to scale your online income by exploring other opportunities with potentials of growth.

So if you end up creating 2 or 3 solid affiliate marketing websites, we talking about 3 viable sources of income. How cool can that be?

This is what I strongly recommend you should do next.

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SOME REMINDERS ABOUT STARTING AN ONLINE BUSINESS IN AFFILIATE MARKETING

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I’ve not discussed all the advantages related to creating an affiliate marketing business, else this article would end up being very long. But as an excellent solution to help you retire at the age of 55, you should definitely give it shot.

How much does it even cost? Relatively very cheap as compared to all the monthly savings you would be required to make to the respective retirement investment schemes.

However, this business model is not without its flaws:

  • You are about to start a legitimate business, so don’t expect any rapid results. Affiliate marketing is not a get rich quick scheme, as well as your 9-5 job. No one should deceive you into thinking that with affiliate marketing, you should expect to start seeing results within a week. That would be a potential scam artist. With affiliate marketing, you get out what you put in, meaning the more time you invest, the faster you start seeing results.
  • Some learning curve is involved. This would not represent a significant challenge on your part because the various tasks we do at our respective workplaces are way far complicated than learning affiliate marketing. That was the case for me so you would be just fine.

ADDITIONAL FACTS ABOUT 9-5 JOBS YOU MIGHT BE INTERESTED IN

CONCLUSION ABOUT HOW YOU CAN RETIRE AT 55

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Starting an affiliate marketing online business baby is the best way to sort out how you can retire at 55, especially if you currently have a full-time 9-5 job. Getting a second job will bring you more headaches, and probably clash with your current working schedule.

Affiliate Marketing is fun all together and will give you fresh and renewed hopes for the future. So while other financial gurus recommend one and the same solutions year in year out, but with no improved satisfaction rate of retirement preparedness, I strongly believe that its high time you start doing things differently from the others and see what happens.

Go ahead and create your very first affiliate marketing business below. It doesn’t take months. All it takes is your determination, and your business will be up and running only within a few minutes. CLICK BELOW NOW:


I hope you found my article informative. Don’t hesitate to leave a comment below if you need more clarifications with regards to the question: ”How Can You Retire At 55?”

✌✌Thanks for reading.✌✌


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StunningBell

''Stunning Bell'' is a Digital Entrepreneur with 10 years of experience in the financial sector. She's now earning full-time online thanks to a world-class training platform she accidentally stumbled upon. Connect with her personally at Wealthy Affiliate, where, as an Affiliate Marketer of this university,she was able to make her first dollar online, which eventually transformed into a full-time income.??

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