If you are currently working for anyone other than yourself you could be doing life much, much better. You’ll never know how to retire rich and retire young when you’re working all your life getting paid to build someone else’s passion instead of building your own.
How many of us are guilty of putting off until retirement things we could easily be enjoying today? I’ve heard friends talk about cross country road trips and incredible travels they’d love to do “someday”.
What if I told you that the mindset most successful people have is to live in the NOW?
In this article I’m going to show you exactly how to stop putting off your dreams and give yourself the opportunity to start living NOW by working for yourself. If you’re interested in beating the retirement myth, this article may be an eye opener for you.
How to Retire Rich and Retire Young
Why do we all buy into the idea that we should work 40 years of our life for someone else? Why is it ok to make 40% less in retirement than we made while we were working?
Too many people romanticize this idea that they’ll finally follow their passion once they retire. But the numbers just don’t add up.
Take a look at these stats and think about the volumes they speak for the average career lifespan:
- Average age to get first job in U.S.: 19
- Average age to retire in U.S.: 63
- Annual income while working in U.S.: $51,939
- Annual income in retirement in U.S.: $31,742
Can you live out your retirement dreams on $31,724/yr.? Further, how are you supposed to survive on 60%?
Working all your life for someone else is a failing business model.
Build a business around your passion and beat retirement
Instead of trying to find the fairy tale career that allows you to retire young and live the rest of your life traveling the world with incredible benefits (ain’t gonna happen), why not build a business around your passion that you never have to retire from?
Retire from the antiquated idea of working for others and think like the “New Rich” and work for yourself.
The New Rich find themselves liberated from that mindset. They turn into reality all those dreams so many put off until retirement but never get to actually do. They turn the internet into a consistent tool that builds income.
They have retired from the status quo and begin their own journey following their dreams.
Traveling the world…
Driving across the country in an RV…
Having breakfast in Paris with a loved one…
Why do we tell ourselves these goals are so unreachable?
Should we believe that these goals can only be achieved after the death sentence of 40 years of working toward’s another person’s passion?
Why not create the right entrepreneurial mindset to build a business around your passion? Why not call the shots and make the hours so there’s no boss to answer to except the one in the mirror?
How can I build an online business?
The first step to building your online business is finding your niche. And remember, no niche is too small no matter how specific your idea is.
Don’t think in broad, general terms for your business. You have a target audience to go after so be specific. Any of the following ultra specific niches would be a great one to build a business around:
- Living a fit life over 40 teaching yoga
- Teaching life lessons and building confidence with kids under 10 through coaching>
- Creating home improvement and DIY repair videos
- Teaching moms how to make their own clothes for newborns
- Demonstraing tips and tricks for taking the best digital photos
Still stuck? Read my article “How Can I Build an Online Business? Step 1: How To Find Your Niche Market” for a better understanding.
No matter what niche your passion falls in, and no matter how small you think it might be, there’s a target audience you can reach online. As a result, there is money to be made.
Think of every time you’ve used Google to search for something.
Google instant is the name for that feature we all know and love where google uses the most common searches and tries to finish what you are searching for as you type it in.
Think about how profitable it would be if there was a tool that told you what your target market was searching for.
Take it for a test drive and try it for yourself in my article “What is the Best Keyword Research Tool for SEO You’ll Find Online? Your Golden Ticket is Here!”.
Further, no matter how small you think your niche is, there are 3.5 billion internet users out there and odds are there are quite a number of them searching for what your business offers.
When you build your own online business, not only can you make money from anywhere in the world with it, but because online businesses run 24/7 you never have to retire from it.
You can target the audience interested in buying the services you offer. They’ll also buy products and services offered by other merchants who you promote.
How to build your website for a business
No matter what your passion is or what target audience you’re after, your website is the foundation you’re building your online business upon, and where you build it matters.
I recommend getting very familiar with Wealthy Affiliate. It’s a free website building and training platform that consistently gets your site to the front of google searches without taking shortcuts.
As a result, there are countless testimonials from Wealthy Affiliate users that speak from the heart.
With the right tools and the right entrepreneurial mindset, you can set yourself up for success. Find yourself ahead of the game understanding how to retire rich and retire young and get out of the dead end loop everyone else finds themself in working for other people.
What questions do you have? Are you unsure about your niche? What’s your passion? I’d love to hear where you’re coming from and no question is a bad one. Tell me your story in the comments below. I’ll show you exactly how the steps are ready and available for you to start growing.