The stock market has dropped for the last two days. There will be adjustments there as the market reacts to the election results.

Retirement accounts are taking a beating again. Before this drop, I had read they had lost over $3 trillion. That’s more than a lot of countries’ economies.

In response to the old adage, “I could be a greeter at Walmart when I get old,” just remember, Fidelity is laying off more people than there are Walmarts.

What the solution? A renewable source of income. You can start your own business. If you would like to know more about a home based business, you can get a free CD from Robert Kiyosaki, author of Rich Dad, Poor Dad, called “The Perfect Business.” Go to www.FreeRKCDForYou.com.

Remember, if you start a home based business to generate residual income and create your own lifestyle freedom before Dec. 31, you can claim tax deductions for this year.

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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 These have been replaced by tax favored retirement accounts.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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The news today has been focusing on the economic roller coaster that has been happening on the stock market. Most people who have retirement accounts are invested in stocks through mutual funds. Many people have seen a lot of their account evaporate recently.

These retirement accounts are to fund your income stream after your job stops funding it. This sets up the race to see which runs out first, your life or your money.

A network marketing business can fund that income stream and is a ‘renewable source of income’. You don’t have to worry about the ups and downs of Wall Street. For more information, check out my site at StartLateFinishWealthy.com
to get my free reports.

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