A healthier Younger More Active You!
A healthier Younger More Active You!
The current economic realities are creating an economy where having a back up plan or side hustle is now mainstream - if not a necessity. Even an extra thousand each month can be a lifeline or safety net for many trapped by the current economy and needing to take back control of their lives. The first 13 minutes of this video describes the current economy and the impact of having an additional income stream.
It’s time to take inflation and the tough economy seriously – enough so to become recession-proof! The “side-hustle” economy is now becoming mainstream for a reason! Adding a side-gig is one of the most powerful and quickest solutions for individuals who are financially stressed and who need to take back control of their lives.
Rather than adding a 2nd job and trading time for dollars (linear income), new business models which outsource business infrastructure and support services allow average people to start a home-based business without employees or overhead, and to earn leveraged residual income.
Thanks to the internet and social media platforms, this phenomenon is one of the most significant advancements in achieving financial stability in a generation. The demographic and economic trends are perfectly aligned to make this happen for those wanting additional income in their family budget. Indeed, because of the challenging economic times, having a side-business, a backup plan or a “plan B” is now a surging trend that has become mainstream!
Financial stress touches every person and every family bank account. Inflation, job insecurity, supply chain problems, rising taxes and geopolitical pressures are all around us. As people find it harder to make ends meet at home and with their work and business under siege, they are starting side-businesses to protect their standard of living, their home, their health, and their future retirement. People are simply unwilling to remain exposed to risks they are not in control of - especially when they see that they can take matters into their own hands, 'be their own boss’, and control their financial situation and future.
As a preview, read the special Executive Overview linked here, as well as the “Backup Plan” special report posted below - both of which overviews not only the problems we are facing, but suggests some powerful solutions which are helping thousands of people just like you to add additional income to their family budget. The economic Perfect Storm doesn’t have to affect your family! Even adding an additional thousand dollars to your monthly budget can make all the difference in making ends meet each month.
You will also want to use the Financial Calculators linked below to see how well prepared you are for the future. The “Rule of 72” and “Future Value” calculators – along with the Asset Equivalency Tables in the special report – will also help you see your future with new understanding. Having a side hustle backup plan, in today’s “gig economy” and taking back control of your life, is a powerful way to survive the effects of today's hurting economy, and to prepare for a brighter future.
This is how you "Awaken Your Financial Genius".
Use this chart to determine your monthly income from an amount of money in an investment or savings account, a well as to determine the 'asset equivalency' of a residual income stream occurring from a side-business.
Did you know that it takes 12 years for your savings to double when earing 6%? This means that if you’re already in your 40s and are slow getting a retirement fund set up or are just getting started, it’s likely too late! There simply isn’t enough time for your savings to double enough times, to have ENOUGH by retirement age.
The “Rule of 72” states that the time for money to double equals the number 72 divided by the rate of return. Thus, 72 ÷ 6 = 12 years. If you had $250,000 at age 45 (the average amount in America), and it doubles twice in 24 years, then that equals $1Million by age 69. A 6% earnings rate on this amount yields $5,000 per month in income. Use the calculators and tables below to find your own real or desired numbers. Instructions and more detail is in the special White Paper report “How Much Is Enough?” located below.
The financial Rule of 72 is used to calculate the time it takes money to double. The Future Value of Money calculator shows what your current savings will be worth in the future. The Asset Equivalent Table show the monthly income generated from having different levels of savings and investments, as well as the asset value which various monthly residual income levels represent - making residual income "the same as" passive investment income.
Click the "Rule of 72" below to discover how many years it takes for your savings to double and grow.
Click on "Investment Calculator" below to find the Future Value of your current savings.
Dr. Lee Ostler is interviewed on his new book "Why It Matters" by the Asea 5 panel.