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How To Increase Your Retirement Income

An article to explain how people whose retirement or employment incomes are no longer meeting their needs can take action to produce more income from the comfort of their own homes.

If like many millions of retired or semi-retired individuals around the world, you are now worried as to how your retirement income is going to meet the ever increasing costs of living, then this article will, I hope, bring you some inspiration as well as a practical solution to your financial situation.

The effects of the credit crunch and ensuing global economic slowdown have impacted upon people from all walks of life.

Pension fund values have been decimated, real estate prices and values have taken a massive tumble, even safe haven assets such as government bonds and cash deposits are not entirely without risk and more importantly the yield on these investments are now meagre due to the world wide downward pressure on interest rates.

Arguably, the sectors of society which have been hit the hardest are those who are now retired and having to live on their usually fixed levels of pension income and existing savings, and those employees whose incomes are also fixed to an hourly rate and simmply cannot earn more via overtime and or bonuses.

In circumstances such as these just how can people resolve the financial pressures which they are now feeling?

Assuming you have cut your costs and removed any unneccesary and frivolous moonthly expenditure, what else can you do?

When the costs can be pared back no more, there is only one solution left, and that is to increase your income. Easier said than done I know, but millions of people are starting to realise that there are some very practical options in respect of bringing in more income.

Enter the world of the home based business powered by the most amazing technology that is the Internet.

It is predicted that 80 million Americans will start some form of home based business over the next 3 years according to Forbes magazine! Yes, 80 million!

The beauty of the internet is that it allows virtually any goods or service to be sold to anyone in any place at any time by someone living anywhere.

We truly do live in a global market place and this is now transforming the way business is being conducted, many millionaires have been created simply by using the Internet to distribute products and services.

So why can't you do something like this too? The answer is that you can! You just need to do some research and be motivated enough to want to spend a few hours each week, building and developing your new venture.

The advantages of an online business are huge when compared to a conventional bricks and mortar business. No premises to rent or buy. No Staff to employ and chase after. No inventory to store and ship. No commuting. No boss breathing down your neck.

The list is endless and becomes very exciting the more you think about it.

So where do you start?

Well, if you do a Google Search for "Home Based Businesses", you will probably find a return which numbers millions of results, all of which represent different business opportunities.

Go ahead and have a look at some of them.

Sure you will find the dross and the potential scam opportunities but moreover, you will also come across genuine, profitablePsychology Articles, well managed businesses which are helping customers to solve problems by means of distributing their products and services by Independent Distributors such as yourself.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Paul Mitchell is an independent distributor for Lifpeath Unlimited and runs his business from his home in South Yorkshire in the UK. For further details about the Lifepath products and business opportunity please visit Paul's website at: http://www.awakeningukandeurope.com/ Or send him an email to:paul@awakeningukandeurope.com



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