| There are 9 million people in the U.K. that have no | | | | our favour. There is one huge difference that we |
| pension provision at all, presumably relying on the | | | | have witnessed in the last few years and that's |
| state to fund their retirement. A survey revealed | | | | the birth of the internet. It has opened up so |
| that two-thirds of us over estimate the state | | | | many opportunities for communicating with people |
| pension at £180 a week when in reality it is | | | | all over the world. So learning how to use it to |
| more like half that amount and that is assuming | | | | your advantage could make a difference to your |
| you've paid into the system. Currently you need | | | | pension pot. |
| to have paid NI contributions for 42 years if your | | | | My interest in natural health products led me into |
| man, and 36 years if you are woman. Many | | | | a network marketing company which had |
| people have not achieved this and so will get even | | | | produced a small income for me selling the |
| less than the basic state pension. | | | | products to family and friends. However I was |
| If you have been lucky enough to work for a | | | | never going to make the big bucks doing what |
| Company with a final salary pension scheme don't | | | | they told me. MLM or network marketing has |
| be too complacent that all is well. Most Companies | | | | always been hard work using the old school |
| now have a shortfall in their pension funds. Added | | | | methods of the "who do you know" warm list, |
| to this 9 out of 10 Final Salary schemes have | | | | the 3foot rule, the cold calling and in reality 95% |
| closed down which means bleak prospects are | | | | of distributors fail to produce the residual income |
| not only destined for the ones that haven't | | | | that is promised. However it was the only plan 'B' |
| planned but also for the ones that thought they | | | | that I had, so I had to find a way to make it |
| had planned. | | | | work. |
| Most of us are unsure how much we need to | | | | Six months ago I turned my interest into a |
| pay into a pension. In order to get £10k a year | | | | profitable part-time business using the internet. |
| when 65 you need a pension pot of £200k. This | | | | The internet has created an opportunity for |
| is based on a return of 5% which most financial | | | | anyone to develop a marketing strategy like a |
| advisers quote as being realistic in the current | | | | real business. In previous years this was only |
| climate. Figures quoted a few years ago gave | | | | affordable for large organizations who used very |
| returns of 7% or even 10%. | | | | expensive advertising on T.V. radio and through |
| Look at the table below to see how much you | | | | the press. With the boom in social media, |
| should be paying into your pension pot. | | | | Facebook, Twitter, YouTube etc., this has all |
| A 20 year old should be paying £200 per month | | | | changed. You can earn income from the internet |
| A 30 year old should be paying £300 per month | | | | in lots of different ways, it's just a matter of |
| A 40 year old should be paying £500 per month | | | | finding out how. |
| A 50 year old should be paying £1000 per | | | | I signed up on line for a free course initially and |
| month. | | | | then upgraded for a small fee which gave me |
| Remember this is only for a pension of £10K a | | | | access to step by step video tutorials on how to |
| year. Are you going to be able to have the | | | | set up my own blog, web pages, write articles, |
| retirement you dreamed of or are your dreams | | | | and how to use Attraction Marketing to generate |
| going out of the window? | | | | my own qualified leads. I've been amazed at what |
| The global credit crunch has affected us all one | | | | I've been able to achieve and how easy it is. |
| way or another. Even those who have been | | | | What's more it's totally flexible, no being tied to an |
| prudent enough to save hard and invest for their | | | | office for hours a day. If you want to go off |
| future have seen 25% of the value wiped off | | | | travelling or for long holidays you can always find |
| their investments since the start of the downturn | | | | an internet cafe where you can log in and do |
| and it's not over yet. | | | | what you need to do while still making the most |
| As a 63 year old baby boomer I received my | | | | of your golden years. |
| pension figures 3 years ago and I realised I | | | | If you haven't got a plan 'B' I suggest you take a |
| needed a plan B. Having been made redundant at | | | | look and turn your hobby into a real business. If |
| 55 I effectively lost out on the 10 further years in | | | | you can earn a living doing something you enjoy |
| my Company final salary scheme that I had | | | | for just a few hours a week there's no need to |
| planned. It was time to start thinking "outside the | | | | say goodbye to your retirement dreams. Earning |
| box". The world has changed and we need to | | | | as little as £5,000 a year is the equivalent to |
| embrace the changes and make them work in | | | | £100K in your pension pot. |