Your Income

Your income funds your lifestyle. When you stop work as an employee, or close a business, that money stops. Then you have to rely on your investments. You’ve always known this was going to happen. But such is the nature of we humans that it can still come as a bit of a jolt when you retire. Suddenly your stream of income has stopped.

For much of our working lives our generation has been putting money aside for retirement. Compulsory Superannuation in Australia commenced in 1992. Before that many people were paying into superannuation funds through their employer.

For the majority of people, even if you have been diligent about saving and have your superannuation well managed, your income won’t be the same as before you retired.

Are you completely happy with the income that you currently have? Can you do anything to boost your income?

Young at Heart encourages our readers and clients to start by considering what really matters to them in their future lifestyle. With that awareness you can plan how to create a lifestyle that fulfills you. This does not mean that everyone will be able to live like millionaires! Realistically most people can’t have every element of the lifestyle they would like. But it does mean that you can build in aspects of your desires to create a fulfilling enjoyable life that you enjoy.

Not enough income? Young at Heart encourages you to consider how you could create an income stream through some business venture, and guides you through the process.

Visit Retirement Income, Learn About Online Business or Start A Business to read more about how you can increase your income.

Articles

Getting an income when you’re young at heart in the USA 2023 January 31, 2023
There are many ways that seniors in the United States can get income. Here are a few suggestions: Social Security: Most seniors in the United States are eligible for Social Security benefits, which provide a monthly income. Pension: Many seniors receive a pension from their employer or from a union, which provides a regular income. Investment income: If ...
The pension system in the USA February 12, 2022
The pension system in the United States is a system that provides regular income to individuals after they retire from work. There are several types of pensions available in the United States, including: Social Security: Social Security is a federally administered pension program that provides income to retired workers and their spouses. It is funded through ...
Financial planning October 23, 2020
What is a financial plan? A financial plan mainly reflects the current financial situation of a person, the person’s monetary goals, and the necessary steps to be undertaken to achieve those set goals. A financial plan may be personally formulated or with the aid of a board-certified financial planner. What are the steps involved in financial planning? First ...
A Very 21st Century Strategy To Boost Retirement Income By Renovating Assets June 29, 2020
Boosting your retirement income by buying and renovating assets for sale or ongoing income isn’t a new idea. But the way that Liz and Matt Raad approach and teach this strategy is very 21st century. If you are a person who likes the idea of updating your existing skills and increasing your income at the same time, ...
Do I have enough money to retire? October 14, 2019
“Do I have enough money to retire?” is a question that is asked many times every day by people who are approaching or have reached retirement age. This generation known as baby boomers has always charted an original course. While baby boomers have grown to become leaders of industry, published scientists and scholars, brilliant artists, musicians ...
Should You Venture into the Forex Market? September 17, 2019
As an investor and retiree, you might be thinking of diversifying your investments and finding new ways to increase your earnings. You may be wondering if you should venture into the forex market. We will take a closer look. What is the Forex Market? The foreign exchange market is the largest and most liquid trading space in ...
How Baby Boomers Can Create Extra Retirement Income September 14, 2019
Do you feel like you might need to create extra retirement income? Are you hurtling towards retirement age only to realise that your retirement income is going to be less than you need to live a comfortable retirement lifestyle? Would you like to generate additional income but you really do not want to have a ...
5 Things to Know Before Starting Your Own Business August 8, 2019
Starting your own business is exciting, intimidating and invigorating all at once. Read on to find the 5 things you must consider before you make the decision to become self-employed.
Freelancing to Supplement Retirement Income April 5, 2019
Have you thought about doing freelance work to supplement your retirement income? Do you love to voice your opinion on paper, have you always dreamed of writing a book? Do you like to voice your opinions on any and every subject that is a hot topic in the news? It does not take a journalism degree ...
Ways to Earn Extra Retirement Income January 19, 2019
Have you considered how you could boost your retirement income? Some people consider retirement is when income and career stop…dead! Many have never considered that they could earn retirement income. Life after retirement is supposed to be stress free but it may turn out to be the most stressful time of life for many because they ...
Robert Kiyosaki Challenges Your Thinking About Work and Money May 31, 2018
Work and Money Tips from Robert Kiyosaki Robert Kiyosaki, author and entrepreneur, became famous for his Rich Dad Poor Dad series of books. In this video he outlines his four-quadrant model which illustrates four very different attitudes to work and money. The Employee seeks security. The Small business owner or self-employed thinks they need to do everything themselves ...
How To Overcome A Financial Setback And Still Have A Great Retirement May 24, 2018
Let’s face it, the road to retirement isn’t always straightforward. Even with the best planning, many of us are likely to have to experience at least one financial setback in our life. The older we get, the more stressful if can be.
Boom in Boomerpreneurs January 15, 2018
What is a BOOMERPRENEUR? Definition: A Boomerpreneur is an entrepreneurial person who was born as part of the baby boomer generation. Many people in the baby boomer generation desire elements of a retirement lifestyle…freedom, travel, less stress. But they want to combine this with some income producing activities. This has lead to a trend towards many of ...