Do We Control When We Retire?

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Reaching retirement may require more than following the pathway of our parents’ generation.

 
It used to be that if you got a job with a solid company you could count on having a job and retire with a modest but adequate retirement.
 
But today, according to a recent analysis from ProPublica, 56% of workers over 50 have been pushed out of the longtime jobs.
 
That is appalling.
 
Worse yet, only 10% of those workers end up making as much as they did before.
 
Some don’t find employment at all.
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Tom Steckel, age 62, has been laid off three times since turning 50. He earns far less and has a killer commute now. Here is the link to the article.
 
But how can you protect yourself?
 

First, of course, you need to know your rights.

There are guidelines under The Age Discrimination in Employment Act.

The act basically says it’s illegal to discriminate because of age.

It is illegal but hard to prove or prevent.

Another way to protect yourself is to keep your skills fresh. It isn’t safe to regard your job as a sure thing today. No matter what your age is.
Unfortunately, changing rules require a change in approaches.
 

Today more and more people are looking to a side hustle.

 
My side hustle story goes like this.
It was my decision to take an early retirement at 64. My only plan was to care for my mom.
 
I knew that Social Security benefits would not be enough. I just trusted that God would provide. I assumed that I would write and sell an article here and there. I had already written a novel and was considering whether to send it to publishers or not.
 
I was correct in assuming God had a plan. I just didn’t think it would be a side hustle. Not that I had heard that term yet. And I sure didn’t want to do network marketing – which was my first side hustle.
 
But God laid it out before me so clearly that I knew I had to move forward with it.
 
My side hustle has blossomed and although my primary job is as a caregiver I am giving daily attention to the side hustle that now includes network marketer, affiliate marketer, and coach.
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All three fit together as one. They complement each other and allow me to do things that I enjoy.
 
My side hustle requires that I invest time and money.
 
I consider it a long term venture.
 
Many side hustles won’t replace income immediately. The ones that I consider worthwhile are actually business ventures. And a typical business needs time to become profitable.
 
So when considering a side hustle ask yourself if this is something that will take time to create the income you need. And are you willing to wait? And will you still enjoy it six months from now?
 
I found a list of 99 Side Hustle Business Ideas You Can Start Today (which has grown to 119). Some of them I wouldn’t touch with a ten-foot pole. Doubtless, there are others that you wouldn’t touch with a ten-foot pole while I might. Find the list at this link
https://www.sidehustlenation.com/ideas/
 
Many of the ideas on the list will be a good fit for you but go ahead and read it through. See what you think.
 

Keep in mind the old African proverb, Dig the well before you are thirsty.

 
Many of these ideas will take time to develop. Some will require investing financially.
 
Some have the potential of becoming your main source of income with the investment of time and income; diligence and consistency.
 
The sooner you find your best fit and work it the better.
 
Through my side hustle journey, I have become convinced that retirement can be an exciting time of life. I am looking forward to new adventures. My side hustle is making it possible.
 
Want to join me? Just message me.

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