Sunday, October 16, 2011

Age and Wealth

Age and Wealth

By Keith Bunn Jr.
October 16, 2011

One of the things I’ve heard from the older generation when I talk about money management is that it’s too late for them to do anything about their money issues because they’re about ready to retire anyway. I say that’s a bunch of bologna. It is NEVER too late to learn how to manage your money. Did you know that at the ages of 50 to 60 years old are statistically your most financially productive years of your adult life and for you to sit there thinking about retirement, giving up, while you’re financial world is a mess is just plain irresponsible!
I could give you a bunch of well known names that did everything history knows them for what they did when they were in their 50’s and 60’s, but one comes to mind more than any other, Colonel Sanders.
 Colonel Sanders didn’t fry any chicken professionally until he was in his 60’s. The reason he started Kentucky Fried Chicken was because he was broke and knew he wasn’t going to be able to make it on social security benefits.
So figure out what you’d like to do and do it. You don’t necessarily have to go outside of your home. You could sell stuff on Ebay or Craig’s List. Make some crafts and sell them at craft show around your community or across your state. Share your experience with others by tutoring them. There are all different kinds of ways you can supplement your social security benefits. Just don’t quite. All it takes is one idea and you could be making more that you every have in your life.

“You don’t discover your passions by listening to someone else talk about discovering your passions.”
     Jason Jaggard –

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