South Australia 'sitting on oil worth $20 trillion' - Yahoo!7 Finance Australia:
'via Blog this'
Monday, January 28, 2013
Sunday, January 6, 2013
Baby Boomers still Face Uncertainty!
If you were born in that era after the Second World War, between 1946 and about 1964 then you are a Baby Boomer.
Approximately 78.2 million Americans were born between 1946 and 1964, according to the US Census Bureau.By 2030, all baby boomers will be 65 or older.
Most boomers have, until recently, expected that, like their parents that they could retire at age 65, collect the old age pension to take them through their golden years. Now they find that governments are looking toward a later retirement age.
In Australia anyone turning 65 is seriously encouraged to postpone retirement until they reach 70, at which time they will receive a “bonus” of around $A 30,000 as a “reward” for paying taxation and not receiving a pension for an additional 5 years on their working life. ( this incentive was subsequently cancelled after a change in Government.Now they are pressing to increase the retirement age without incentive)
The hard truth is that up to 49 per cent of baby boomers believe their main source of income after retirement will be superannuation.
Statistics show that the average superannuation on retirement for baby boomers will likely be $65,000 or less.
The numbers show an emerging gap between the amount people have saved for retirement, and what they will need. This before taking into account the unsettled state of the stock market in recent years which will compound the problem.
A 65-year-old retiring last month with let’s say $100,000 superannuation, would have an annuity that would pay about $600 to $700 a month for the balance of that person’s life, based on current interest rates. Many of them are turning to the internet and trying to negotiate the minefield of businesses on offer there, and run the risk of losing what little investment they have available.. My advice to them is to choose wisely.
They should avoid any so called opportunity that promises unrealistic high returns for little or no effort. I suggest they do what I have done – select a “top tier” business that offers high commissions, comprehensive training and personal coaching.
Getting started is so much easier when you have a mentor to show you how!
Some investment should be expected, as the saying goes “you need to speculate to accumulate” and finally it is important to stick with it.
Most new marketers quit within 90 days. They give up too quickly before they see any results.
Authors note; Although I wrote this article some time ago, the facts haven't changed - baby boomers still face the same uncertainties. I have updated this material to keep it current.
George Kyros
Thursday, January 3, 2013
Give yourself permission by George Kyros
You will become what your thoughts tell you to be, so if you want to become something else you first need to change your thoughts.
It is amazing that negative thoughts often come to mind much more frequently than do positive ones. It is easy to remember that one time you failed, or said or did something foolish in public, but you never seem to remember the time you were successful against all odds – unless you consciously force yourself to think of it. Why is this? Why can we immediately bring to mind all of our failings yet struggle to remember our successes? I think it is because those negative events are memories you wish you didn’t have. It is as though your mind is trying to send you a warning not to repeat your actions.
The problem is that along with the warning comes negative reinforcement, your mind seems to be saying, ‘see, this is all you are capable of, this is what you are worth’. A person I used to work with was the most positive person I ever knew. He was fond of saying, ‘If you got lemons, make lemonade’; he saw a positive in every negative.
What we should be doing, is that when this thought about some perceived great failure just pops into your mind, acknowledge the warning and then consciously dwell on your great successes. Remind yourself that the successes far outweigh the failures, and one more thing- remember the words of that great genius Albert Einstein who said ‘The person who never failed never made anything worthwhile’ or Thomas Edison who had thousands of attempts to make a light globe that worked, He didn’t have thousands of failures, he just discovered thousands of ways it wouldn’t work!
If we keep doing the same thing, we will keep getting the same result. If you want a different outcome then change the way you do it. Change the way you think and give yourself permission to succeed.
'via Blog this'
Subscribe to:
Posts (Atom)