Small Business Boomers

Over the past two days, I have been talking about Financial Independence for Baby Boomers.
First, I discussed the vital step of DSATM (Don’t Spend all the Money) so you can have enough to invest, and
Then, I talked about why you need to Start a business to generate income, to keep more of your money and grow your wealth.
Step Three: Park Your Money in the Right Places
This is the trickiest part, as we’ve seen from the current financial debacle. You need to find a place to park your money so it will grow at a reasonable rate with a reasonable …read more

No Comments

This week, I’m sharing with you my thoughts on achieving financial independence. I believe that is is absolutely possible to attain the goal of financial independence, whatever that means to you as a Baby Boomer. And it’s never too late to start working on that goal.
Yesterday, I talked about Step One: Don’t Spend all the Money (DSATM). The first step is necessary, so you can have enough money to move on to Step 2: Starting a Business.
What Kind of Business? First, let me explain what I mean about a “business.” The business can be anything …read more

1 Comment

We all want financial independence, but we stumble around trying to figure out how to get it. I think I have the way. It’s pretty simple actually. Now, what I am going to tell you is not totally original. I found the concepts in a brilliant article on achieving financial independence by Joshua Kennon, Guide to Investing for Beginners at About.com. The article is titled “The 8 secrets to achieving financial independence.” What I’ve done is take the 8 secrets and compress them into 3 steps.
Today I’ll give you the first step, tomorrow the …read more

2 Comments