RETIREMENT IS OFTEN DIFFERENT FROM PERSON TO PERSON. THE IDEAL RETIRED LIFE IS THE ABILITY TO CHOOSE OUR RETIREMENT LIFESTYLE
I believe retirement is when a person switches their primary focus from actively earning a living to self-realisation.
In other words, when someone chooses one’s personal goals and aspirations.
For many people, retirement means balancing their new lifestyle with enjoyable activities and doing something they truly love.
Lifestyle income ideas are the dynamic process of preparing ourselves for the change of economic circumstances, personal needs and for enjoying the opportunities of financial freedom.
To meet different objectives, the first step is to get better at money management.
Day to day expenses, travel, training for new a new career, or beginning a new business venture require a basic good management system.
I am on a journey on sharing with others the benefits of getting the necessary skills for practical and useful ideas to increase their cash flow through Lifestyle Income Ideas.
These Lifestyle Income Ideas will offer freedom and flexibility for:
- those who decided it is time to change
- those those who are looking for some guidance on how best to get more momentum and cash flow
- those who want to go to the next level and increase their cash flow and make an impact
BASIC MONEY MANAGEMENT
A few years ago, I attended a Harv Eker’s seminar. In that seminar, he taught a simple system and the role money plays in our lives.
We all grew up with different thoughts, beliefs and attitudes about money and wealth creation and those beliefs influence us in every action we take.
Since then I have been working on my beliefs regarding money and I also implemented his money management system.
The Money Jar System requires discipline but if you have a great goal or objective, you will stick to it:
- Living Jar – 55% – The living jar is the money you live on each month.
- Freedom Jar – 10% – Pay Yourself First. This money is to create pillars of wealth, such as real estate, businesses and stock market
- Savings Jar – 10% – To accumulate six months of living expenses.
- Education Jar – 10% – Learning new skills, education, seminars, workshops
- Play Jar – 10% – This money is to enjoy every single month
- Donation Jar -5% – To help others and make the world a better place.
LIFESTYLE INCOME IDEAS
Affiliate Marketing is the process by which an affiliate promotes products of another person or company’s products to make a commission by referring readers of visitors to that particular product or service through your website, your email list and social media channels.
This particular model is available to anyone, it has no geographical ties, no boss, no commute.
You can work anywhere you desire and work the hours you choose from your home or any part of the world as there are no time zone restrictions.
As long as you have access to the internet and a portable laptop you are in business
The Affiliate Marketing model is great if you want to learn new skills and start building a life with more freedom, flexibility and financial independence while, at the same time, taking care of work, family commitments or other activities.
You can set up your own business very quickly and begin promoting those products.
No need to invest in manufacturing, design, research and development, purchase inventory or ship products yourself.
You don’t have to deal with customer service, disputes or returns.
The initial investment to join as an affiliate marketer is usually low.
You only have to choose a trustworthy Affiliate Marketing program with excellent products and services.
You begin promoting those goods through your blog; when people click through your affiliate link and make a purchase, you get a commission.
If you want to learn more about Affiliate Marketing and its benefits, please click this link.
Amazon FBA is an e-commerce platform. FBA is an acronym that stands for Fulfilled by Amazon.
With Amazon FBA you need to create your own products or at least purchase them through manufacturers or wholesalers.
You are responsible for delivering your inventory to Amazon’s warehouses.
You have to pay based on how much stock they store for you and how long they have to keep it.
Amazon also charges a monthly fee for the privilege of having an Amazon selling account.
However, under the Amazon FBA model, once a seller has sent in their inventory, literally, everything is left up to Amazon.
Amazon assumes total responsibility for the product from that point onward.
Using the Amazon fulfilment network and getting the “Fulfilment by Amazon” logo next to your items can go a long way with customers.
It increases your credibility by leveraging the Amazon brand and provide customers with a reason to trust you.
There are some strict rules that Amazon requires for its FBA participants to follow.
It is essential to make sure you do not violate any of their policies, or there is a risk of getting your account shut down.
Most of these are common sense rules, but make sure that you read over all of their terms of service carefully to avoid any problems.
One of the most significant advantages of working independently as a freelancer is achieving the freedom of being your own boss and moving away from any restrictions.
If you have skills that other people are willing to pay for, then you can make a good standard of living as a freelancer.
It requires a minimal start-up cost, and you are free to choose the location of work.
You still work for a client or multiple clients, but you have a lot of flexibility about how you run your business.
There are all kinds of freelance opportunities out there. If you are a writer, an artist, a photographer, a wedding planner or a business consultant.
You can start your own business and begin freelancing within a matter of days.
As the interest rates in the banks are so low, I started to look for something more affordable and rewarding.
I read about Peer-to-Peer, and I liked the concept that allows borrowers to apply for personal loans or business loans while providing the investors with the chance to diversify their investment portfolios, and the opportunity to earn competitive returns.
They operate online without any branch locations or any intermediary in the deal.
However, as with most forms of investment, peer-to-peer lending carries a degree of risk to your capital. So make sure you know what you are doing.
WHICH ONE OF THESE LIFESTYLE INCOME IDEAS SUITS YOU BEST?
Each of these business models has their advantages and disadvantages. Which one appeals most to you?
Keep in mind, that like any business venture, your online income will take time to grow.
You need to be willing to devote the time and energy to get your idea off the ground. Persevere even if your journey is slow when you first start.
With Affiliate Marketing once you get your system up and you start sending traffic to your landing pages, you will create a significant passive income.
It will allow you to have a lot of free time to use it as you wish.
For many entrepreneurs, this business model is the ideal choice.
It might take longer before you start making a full-time income compared to other business models.
If your dreams and aspirations of creating a life and lifestyle income that you love and a community and education that could have an immeasurable impact in both my personal and business life, please click this link to find out more.
No matter which lifestyle you begin with if you are committed, have the passion and willingness to do the work.
You may be able to build more than one lifestyle income ideas if you give it enough time.
A lifestyle income will eventually give you the time, flexibility and financial freedom.
I would love to hear your thoughts about these Lifestyle Income Ideas.
If there other ideas that have worked for you, please share them in the comments below.
With much appreciation
P.S. You will never know unless you try. Give it a go!