Plan B for Baby Boomers
Plan B for Baby Boomers
More and more New Zealanders are coming to terms with the fact that they probably aren’t going to be able to save enough money to just sit around and slowly deplete their nest egg from age 65 to 100. With the average 50 year-old estimated to have less than $50,000 in retirement savings, there is an obvious need to find alternative ways to either save more or generate supplemental income starting now, and continuing throughout retirement.
The Commissioner for Financial Literacy suggests we need savings of about $205,000 for a 25 five year retirement on top of New Zealand Superannuation. The New Zealand Financial Services Council estimates we will need more like $300,000 to $450,000 - per person.
For most New Zealanders in their current circumstances saving these additional amounts will be beyond reach. Des Morgan Director of - The Portfolio Company Limited and a seasoned Network Marketer believes all is not lost and for New Zealanders there is a Plan B and that is to become a part time Network Marketer.
At some point in your life you might have been pitched a Network Marketing (MLM) business opportunity. While the pitch varies from company to company, it basically promises a chance to ditch your 9-5 work schedule, be your own boss, and make lots of money while making new friends in the process.
Forbes Magazine put in quite eloquently in September of 2014 “ MLM sounds good on paper, yet there is a seemingly endless debate over whether these programs are legitimate business opportunities or not. This may sound like a bold statement, but MLM as an industry is poised for explosive growth and can be one of the most significant solutions to America’s current savings crisis”
Moving beyond just the dollars and cents, baby boomers are growing tired of feeling guilty or bad about their past savings habits and are interested in moving towards possible solutions.
There are an increasing number of baby boomers who are disenchanted with their current careers. They’re worn-out from years of the corporate grind and don’t feel the connection between their job and the people it impacts outside their office walls or company grounds. They’re shifting their focus from accumulating a giant nest egg to a desire to be part of something bigger and better… to have a positive effect on others… and working in retirement.
Des believes a major benefit of Network Marketing unlike a franchise is that it requires a low entry level investment into entrepreneurship, often providing training, support, and ample encouragement along the way. He believes as retirees begin to realize they need activities that keep them busy, relevant, in good health, and connected to others, the time, energy and cost to participate in Network Marketing will become very appealing to large segments of the New Zealand population caught up in these dynamics.
For a limited time Des is offering a Free Report –“Plan B for Baby Boomers” which can be downloaded on their website http://www.theportfoliocompany.co.nz