Retirement Planning and a Dramatic New Twist

(Newswire.net — July 8, 2014) Melbourne, Victoria — For people from both generations, whether they are generation Y, who are those born between 1981 and 1994 or from the baby boomers era, those born roughly between 1945-1962, the fact remains that both generations want a good life and some form of financial security and prosperity.

 

In most family situations they are seen as two separate problems, however the question is “what if they could be integrated”? to solve the challenges of both generations together.

 

From the baby boomers point of view many are left short financially having to depend on financial advisors for advice or even worse, having to depend on government handouts if there are any. Having worked hard to keep food on the table and a roof over their heads whilst at the same time keeping their relationship together and trying to stay healthy, not to mention the idea of being a good parent, then there’s paying the bills, getting the kids through school, saving for retirement, oh, and let’s forget looking after elderly parents who are living well into their eighties.

 

Can you see the challenges here?

 

Then on the other hand we have the generation Y’s, who are being labelled as the “slacker” generation, uncommitted and unfocused. Their problems are having to live in an environment where family breakdown is anywhere from 30% to 50%, career change is the norm, where the idea of changing jobs every couple of years is accepted as the way to go, plus they have grown up in an era where hard drugs and alcohol abuse is rife in our local communities, and then they look into the future and see their baby boomer parent’s relationships bust up with the little prospects of a comfortable retirement.

 

In amongst all this there are a plethora of other special situations, like sickness and illness, occupational hazards like serving in the military, being an emergency services worker, businesses that were strong for a period that eventually went bad for one reason or another, and then there’s that special group of people who looked like they had it all only to surprise us all exiting the scene prematurely, people like Jimmy Hendrix, Janis Joplin, Brian Jones, Kurt Cobain, Heath Ledger, Ami Whinehouse, Heath Ledger, Philip Seymour Hoffman, L’Wren Scott and Peaches Geldof, to name but a few.

So outside of all this there is another group where the two generations, the baby boomers and the y generation are coexisting with the kids now staying at home longer and also getting married much later than 30 years ago and there lays the opportunity which is fairly dependent on the personalities jelling and where there is some vision and perspective of the financial landscape ahead.

 

By establishing an online business together the two generations can work as one, each bringing their respective strengths to the table in an industry that suits multiple participants and multiple personalities and has the capacity to deliver not just six figure returns but multiple six figure returns.

 

For the baby boomers it means there retirement planning is now based on having a profitable online business so they don’t have to depend wholly and solely on government legislation and they don’t have to depend on the fluctuating and underperforming financial markets.

 

They get to keep their mind active in an evolving technological space that is easy on the body, challenges the mind and is done from home and virtually any location in the world.

 

For the generation y’s they get to be guided by people with more experience in life and who can back it financially in the beginning and fund it until it is profitable. They can develop cutting edge skills that can at some point down the track be income generators in their own right. It solves the problem of the burden of income constraints and career challenges plus if one of the gen y’s is a female then it also provides a business and an income when the kids/grandkids appear on the scene.

 

It is an idea that won’t suit everyone but at the same time is doable, providing someone within the group can provide leadership and vision.

 

With both generations investing in new skills and investing in the new asset class of virtual assets, being websites, products and traffic. Right now there are internet business models or businesses in a box that are designed to take a lot of the heartache out the initial trials and tribulations of starting a new enterprise.

 

Sources
http://en.wikipedia.org/wiki/Generation
http://www.smh.com.au/lifestyle/diet-and-fitness/talkin-bout-my-label-20110720-1ho7s.html#ixzz32eXaGpKR

https://www.youtube.com/watch?feature=player_embedded&v=zqa-jSuXmYw
http://low-cost-franchises.com
http://howtobecomeamillionairefast.com

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