Start an online business over 50 for extra income streams has 7 huge aha’s we realized after starting online businesses after 50 in our early retirement.
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This video has 7 big insights for those over 50 who want to start an online business for diversified income streams before or in retirement, This is one of the best alternative income sources since you can create income generating assets that produce retirement income without stocks or bonds. After years of producing income, online assets that make money can be sold for building wealth, adding the second major pillar of wealth building. In my opinion, starting an online business is the best retirement income strategy today. Based on our experience buying and building income assets, an online business is the best financial advice for those in their 50s that want or need more retirement income and for retirees income who want fulfillment.
Here are some of the retirement tips from this video:
1. You are an expert on a few things by the time you’re over 50. With this knowledge, you can start an online business.
2. After you start an online business you can reach a global market with the expertise you’ve gained for under $10. You can even build your own website like I did at Retire Certain, my online business about wealth building and creating income streams in your 50s.
3. You can choose a niche you love,. In addition to enjoying retirement more, you can increase income in retirement.
4. Your online business offerings will provide fulfillment for retirees
5. You can build marketable, wealth building assets you can sell
6. Risk is minimal. There is literally no investment risk yet online business income stream opportunities are massive.
Choosing to start an online business over 50 has been the best early retirement income strategy for us. I recommend it for all those over nearing retirement.
Camille Gaines, AFC
Financial coach
Accredited Financial Counselor
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Retire Certain is about alternative retirement strategies from income streams and wealth building after 50.
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Nothing in this video is meant to be taken as personal financial advice. Hire a financial advisor, planner or wealth manager if you think you need one.
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