Monday, October 27, 2008

Baby-boomers-create-passive-income

A hail to various creativeness that made possible the way towards increased wealth to almost anyone even to the emergent figure of baby boomers by creating passive income so that they may have something to boast with their retreat portfolio.

We can say with a direct approach that the social security is beginning to have a lot of downfalls especially that it is no longer a secured organization to which we can put our trust on because its system was created as a net intended for security but has a seen to have a lot of tears and holes.

Today individuals have realized that when after laboring through your whole life working for a particular firm, the final retirement/pension benefit accrual can hardly add any extra value, when it comes to utilizing the money for real purposes.

**Usually, there is the cutting off of benefits and the reduction in contributions by such organisations.

I know of one such company who did not think twice before they cut short the careers of its employees who had labored for two to three decades by paying out only 30 percent of their retirement benefits.

This kind of story does not create any more new ripples but acts as a rude reminder to us as the baby boomers is gradually nearing retirement age.

While we were used to hearing and believing that benefits and privileges will be surely given to us, the truth is actually far from it.

I have this friend who after working for 30 long years to a single firm got a monthly retirement little amount of dollars for his 30 years of service.

His reality is that he is working long after retirement and he is not alone.

Evidently, there are a lot of individuals who are having extra jobs to add up to their savings for their retirement income.

Many such people turned to the internet for business opportunities only to find that the place is full of failure stories primarily because the Internet based business is mostly based on distributorship modules with no real clients buying any product.

The web based business works in a manner by which a marketer who is in keen to search for new get rich systems from a number of companies, that is actually of no use, will be recruited and marketed by another marketer.

Thomas Prendergast Chief Executive Officer of Inetekk and founder of Veretekk is one person that has a useful belief towards helping the helpless average individuals like us succeed in life by having an Internet based business at home.

Prendergast in a recent interview admitted that online commercial enterprises most of which relies on the distributorship chain, can succeed in the short term but when you are talking of long term sustainable success, it is bound to stumble and fall.

It is not uncommon to find hordes of individuals making unwise investment decisions for Internet based business enterprises which they try to run, unable to build a viable and meaningful customer base and end up wasting thousands of bucks on overused lists and leads.

Wouldn't you rather invest your time, effort and hard in dollars in clients who are already familiar with your firm and already buying and using your products?

Think of the idea where you do not have to take in people, no trading involved and no fear of rejection as you are engaged in generating a lot of passive income.

So you are thinking that this is impossible? Rise and shine baby boomers, here is someone talking real business.