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Some recent headlines from the news . . .


“2 Trillion Dollars lost from Retirement Savings in last 2 weeks”

“People lose their homes at record rates . . . . “

“Retirees consider going back to work”

“We’ll be in a Recession next year”


The current financial situation has created serious pain for many
people. Retirees have lost value in their savings resulting in
less income to live on. Many people are struggling to hang on to
their homes. People saving for retirement have
watched the value of their 401ks sink in the last few weeks.
Prior to the current crisis, many people (close to retirement) hadn’t saved enough for retirement.

Retirees rely on investments that provide income.  Rate cuts in recent years have caused the income available from those investments to drop significantly.  Some people have seen their income drop by half.  The number of these retired investors who can’t get the necessary income to support themselves is increasing at an alarming rate.

The nightly news shows story after story of someone losing their home or in danger of losing their home. Good people caught in over their heads. People with a good work ethic such as the Music Teacher now driving the school bus as a second job. His house payment increased $300 per month. And, he is a couple of house payments behind.

The current financial crisis has affected the stock market. The Dow Jones Industrials have dropped precipitously. The stock market is reacting emotionally to all the bad news surrounding the crisis. Meanwhile, people saving for retirement have seen huge losses in their accounts. Logic would seem to suggest not panicking but the advice from the experts is all over the board.

I just heard the dire prediction for Recession again but at last I
am inspired by hope not dread. One of the most successful people in this business says that her business “took off” during the recession of the 1980s. People flocked to her business to replace income when faced with losing their jobs, homes and savings. A home-based online business, network marketing business, or multi-level marketing business can provide a solution for people.

Merrill Lynch recently surveyed people age 55 to 59 about saving for retirement. Over 70% of them said they hadn’t saved enough for retirement and that they planned to continue working or start a new career.

Providing income with the added benefit of residual income, these businesses can be done part-time or full-time. One concern employers may have about older workers is whether they will stick with a conventional work schedule. Time freedom is a huge benefit of an online-based business, network marketing or MLM (multi-level marketing).

These businesses have low overhead--a separate “brick and mortar” building isn’t necessary. They have minimal labor requirements, the fewer personnel the better. They are portable, the business goes where you, your phone and/or laptop goes.

In addition, these businesses are far more affordable than buying a franchise. Many can be started for less than $50. You can as easily sell to 10,000 customers as you can to one. They provide training and support. And, they can also be a personal growth program!

I hope this article inspires hope for anyone faced with the uncertainty of this financial crisis.