Baby Boomers, Financial Planning

It’s Never Too Late

The majority of my social media, this blog included, tends to be targeted to Millennials, although the subject matter is applicable to everyone. Today, I’m flipping the script; I’m writing for the Baby Boomers, but I still want my Millennial readers to take note.

I’m sharing this video in hopes of inspiring one person, just one person, nearing retirement to start that business they’ve always dreamt of starting. Let’s face it, the vast majority of Americans are underprepared for retirement, and working in retirement is going to increasingly become more common–scratch that, a necessity.  If working in retirement is going to be a part of your retirement plan, why not work for yourself?

As soon as I finished watching this video I texted it to my father. He and I have had many conversations about his retirement, and it has always included him starting a consulting business to supplement his retirement income, along with give him something to do in retirement. My dad will work until he can work no more…it’s just the type of person he is. Thanks to this video, we have a meeting set up to start laying the groundwork for the next phase.

For the Millennials reading this–watch this and think about how working for yourself could be a part of  your long term financial plan. We have an uphill battle when it comes to retirement–pensions are a thing of the past, Social Security will probably look different than today, and we are going to be living longer meaning we’ll need to work to an older age. Wouldn’t it be great know that eventually you’ll be leaving the security of the corporate job to do something for yourself? Don’t wait to start planning–it doesn’t have to be implemented today, but it makes sense to start thinking about it now.

I don’t know of anyone more motivating than Gary Vaynerchuk, and if this video doesn’t motivate you, then I don’t know what will. Please share with anyone you know who might need to motivation.



Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

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