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Retirement Planning an Easier Way

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There’s good news on retirement planning, whether you’re early in your career or further along.

We discussed an easier way to plan for your retirement on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by a study on the power of retiring later, published by the National Bureau of Economic Research.

Which of these two options sounds harder to you…

(1) saving 1% more every year for 30 years, or

(2) postponing your retirement by 4 months

The two of us agreed that Option 1 sounds harder. Yet the researchers found the two options deliver similar results.

Read more

I Want to Supplement My Retirement Income. Any Suggestions?

Bigg Challenge
Dorothy is preparing to retire. She was recently presented with an opportunity by a network marketing company. She says she is a people person, but not a sales person. It makes her nervous, asking people she knows to buy something. She would, however, like to supplement her pension and social security checks somehow. She wants to know if we could offer some suggestions.

Bigg Advice
We followed up with Dorothy to find out what she really likes to do. She said there are a lot of things she likes to do, but most of them don’t pay. For example, she’s an animal lover, often volunteering at the local animal shelter.

Our first suggestion is to go with what you love – what you’ll do even without pay.

Before we get to that, though, let’s look at the sales opportunity you have. Do some market research by talking to five people you know. Tell them about the idea you’re considering and see what they say. You’re not selling them … you’re asking their opinion.

See how that goes before you invest any money upfront or commit to any ongoing fees. Then make a decision.

Now let’s explore some other options.


Pet sitting service

Why not start a business that fits your love of animals?

Many people think of their pets as part of the family. When they’re away, they want their pets to be well cared for at home. They need a trustworthy, pet-loving person to take care of their pets.

Start a pet sitting service to meet this need. It’s a simple little side business that’s in great demand. Print up some cards that promote your service. Contact veterinarians you know that don’t offer boarding to see if they would allow you to leave your cards on their counter or bulletin board.

It’s definitely a word-of-mouth business so you won’t have to spend a lot of money to get work.

Related links

Pet Business Startup Guide

Start Your Own Pet-Sitting Business

The Professional Pet Sitter 

Pet Sitting for Profit 

 

House sitting service
Here’s a way to double down on the pet sitting idea. Make more money by combining your pet sitting service with a house sitting service. People who travel want to know someone they trust is watching their homes. You can market this service to the same people whose pets you care for.

Errand service

There’s a growing demand for errand services (sometimes referred to as a concierge service). People just don’t have the time to get everything done. That’s where you come in – run their errands for them. You may drop off and pick up their dry cleaning, shop for gifts, and any number of other things.

Market your service at the same places where people are running errands. Once again, start-up costs are low and word-of-mouth is key.

Related links

Personal Concierge / Shopper Business Startup Guide

The Concierge Manual 

Start Your Own Personal Concierge Service 

 

Thanks, Dorothy for sending us your bigg challenge. We wish you bigg success!

Our bigg quote today comes from Francoise De Motteville:

“The true way to render ourselves happy is
to love our work and find it in our pleasure.”

So find pleasure in your work, and enjoy the fruits of your labor.

Subscribe to The Bigg Success Show in iTunes. 

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Related posts 

5 Ways to Determine if a Work-at-Home Opportunity is Legitimate

10 Signs That You Are Ready To Quit Your Job And Start A Business

Freedom Or Security – Which Do You Choose?

Are You Good, Fast, or Cheap? 

(Image by CDWaldi)