RealWealthTalk

Pensions and dinosaurs:  What do they have in common?  You guessed it!  One is extinct (dinosaurs) , and the other (Pensions) is headed in that direction!  Why not throw interest paid on bank account savings, and the prospect for future Social Security benefits in the same pot?

This does not bode well for future  retirement income, and financial security, does it?

You probably agree!  So I have to ask, what are you doing about it… or what are you going to do about it?

There is a commonly stated analogy often used to the effect that if you put a frog in boiling water, it will jump out.  But if the water is, say room temperature, and you heat it up gradually, the frog won’t jump. and will die.

For at least ten years you have been hearing that Social Security is headed for insolvency,  And more recently, you have been reading about how more and more corporations are reducing or eliminating pension plan programs; and they are hiring people on a part time basis, rather than full time to lessen health care costs.   I read recently that about 70% of the first generation baby boomers expected to receive pensions from their employers, but that with the second, older baby boomer generation, that percent has dwindled to more like 10% to 20%.  And it is not unreasonable to expect pensions in general to go the way of the dinosaurs!

Doesn’t this suggest that now, more than ever before, is the time to take wealth building serious?  If so, don’t be a frog in warm water.  What has been the economic norm for us is rapidly changing, and things are heating up.  Some of us are going to get third degree burns, if you know what I mean.  So why not be pro-active, not re-active?  Explore ways to generate other income streams besides that of your current job.  This can best be done by becoming more informed as to what options and opportunities are out there… just waiting for you to grasp and take advantage of.

Now this blog is narrow in scope, with respects to what avenue you may take to achieve financial independence.  But I contend that it is certainly a good starting point!  Internet income, which is the primary focus of this blog, offers some excellent opportunities for obtaining a secondary source of income.  Why not check it out?  See if this is your cup of tea!

Hope you stick around to learn more about the focus of this blog!  Check back on a regular basis; the best is yet to come!