It is astounding how many people still believe that there is more security working
for someone else than starting up in business for yourself. Without even realising it,
most people set off on "The 45 Year Plan", also now commonly known as the
"Employment Trap". This is when you leave full time education and get a good job,
peak at 35 and then work with no real increase in income until retirement. Even
if you manage to achieve this very ambitous plan you still eventually end up at
retirement with the equivalent income that you were earning at age 18! This is also
assuming you have a very good pension.
People are generally living longer than ever before and many of us can expect to
have as much as 25+ years of retirement. A part time business is a very good way
of ensuring that you can enjoy those years, especially if the business builds up a
walkaway residual income. |