Baby Boomer Retirement Guide

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The current economic crisis has placed the baby boomer generation in a real dilemma.

Some have lost their jobs. Many others are still employed but are feeling job insecurity. They are hoping that there is significant improvement in the economy so their companies can reach a level of financial stability. Then there are those who are not happy with their job and want out.

They are tired of working for someone else. They are sick of their daily commute. They don’t like having only 2-3 weeks of vacation each year and being expected to work the other 49-50 weeks. They desperately want more control of their lives.

Here’s another thing that aggravated me during my career in corporate America. I feel that I missed a lot of my children’s school activities while they were growing up. So when there was an important school play or musical or fair, I asked my boss for a couple of hours off so I could attend. Most of the time, he gave me a “this is the end of the world” response. I didn’t care for that. Have you experienced this before?

So many baby boomers have been hurt by the current economic crisis. For some, money set aside for retirement has been slashed. Their investment portfolio has been hammered. Many relied on the equity in their homes to downsize and live a comfortable life. Unfortunately, the fall in housing prices has negatively impacted their retirement savings.

Many articles I have read talk about how the baby boomer generation has been seriously hurt by the current economic crisis. Yes, some have been hurt, but I believe that they will rebound strongly.

So here is my opinion on how well the baby boomer generation will recover. I feel that I am qualified to give my opinion since I am only slightly older than this generation.

I have worked closely with baby boomers throughout my corporate career. I consider them to be smart and well educated. They are aggressive, willing to take risks, and creative. Many of these people have had successful careers. They are basically “giving” people. They seem to always be willing to help people. All of these characteristics will help them succeed during and after the current economic crisis.

Some will transfer to other jobs that they find more satisfying. While others will take a risk and switch into other vocations.

Many start their own home internet marketing business. The average baby boomer possesses qualities that will help them have success in this type of business.

The baby boomer has the life experience of living through other serious economic downturns. They can lead people from other generations through the current economic crisis.

I heard a presentation by Erica Combs a few months ago. Erica is the wife of Jeffrey Combs, a motivational speaker, a coach, and an entrepreneur.

Erica made a statement that I though was very powerful. What she said has really stuck with me.

I don’t remember her exact words so will only paraphrase her comments. She said that all of us have lived through some negative experiences in our lives. Too many of us let those experiences bog us down. They prevent us from living positive, giving lives.

Then Erica added a statement that I thought was very important for each of us.

She said that our past (both positive and negative experiences) have brought us to our current situation. These experiences allow us to write a beautiful story from this point forward in our lives.

Do you understand what Erica is saying here? I have possibly not written it very clearly. For me, it says that you should not allow negative experiences in the past hold you back. You may have lost your job. You may be feeling insecure in your current employment situation.

You may have had other negative situations in your life. But those negative things have provided you with the life experiences that will help you live a powerful life from this day forward. This is why I feel that baby boomers are in such a perfect position to succeed in a home internet marketing business.

It gives you the opportunity to help people. You have the potential to create unlimited income. You are no longer working for someone else. You run your own business.

It allows you, the baby boomer, to determine your life purpose and how to live out this purpose. I personally feel that this is what life is all about.

Starting a successful home internet marketing business is not easy. You must get excellent internet marketing training. You must work hard. You must be determined and persevere. But the good thing is that most baby boomers possess these qualities.

I wish you the very best.

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