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I am a successful entrepreneur that gets to work from home. I am enjoying my sons as they are growing up.

I just read that over $2 trillion dollars have disappeared from retirement accounts in the last 15 months. That’s larger than the total economies of many countries. Where did it go? It basically evaporated in the stock market ups and downs. You can sacrifice, save diligently and everything else you should only to see your money disappear due to things beyond your control.

I’m not saying you shouldn’t have savings. I’m saying you shouldn’t use a savings account like a 401(k) to fund your retirement. In the past retirements were funded by pensions which paid as long as you were alive. These have been replaced by tax favored retirement accounts.

You should have a renewable source of income like a network marketing business. The income is residual in nature so that it keeps coming in. You can increase the income to account for inflation and unforeseen expenses. Another benefit is that you can retire whenever at 25, 45 or 65.

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3 Comments for this post

jerry says:
May 20th, 2009 at 4:09 am

“Retirement accounts have been lost” it is a good idea about networking it not funds you money but also keeps you busy even after retirement./ A innovative way to spend your free time

sivakumar says:
May 20th, 2009 at 11:31 am

Yes, I never study this type of blog up to now but when I started to stady this one I under stand some thing about Retirement accounts have been lost.

cangel says:
May 21st, 2009 at 11:57 am

I agree that putting too much money into something like a single retirement account that is dependent on the whims of people is not a smart way to save for the future. I had never heard of the network marketing business but will definitely look into it after reading this blog.

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