What does “Retirement” mean to you?Dictionary – “retired”Withdrawn from or no longer busy with one’s business or profession, usually because of age.Wikipedia – “Retirement” is the point where a person stops employment completely. A person may also semi-retire by reducing work hours
Traditional View of Retirement :Reward for a “job well done”…..work, family, money management, a life well lived.Where? What? When? How? Travel? Toys?
Rethink Retirement• Baby Boomers: More than 4 million Australians born between 1946 – 1964• Global Financial Crisis…and now another one looming.• Early retirement dreams vs late retirement policies
Expectations• Longevity………Live well and long• Pleasure……….Enjoy the years you have• Fulfillment…….Do the things you want to do• Some years without too many responsibilities or worries
What’s the reality?• Money tied up that • Volunteering to gain can’t be accessed experience• Poor returns on • Learning new skills investments • Rewired Careers• Investments that are • Encore Careers worth far less than • Lifestyle Careers expected• Property down in value
Reinvigorate…Your spirit• Your passions and interests Do the same things still matter to you? What do you want to do with those passions/interests now?• Your relationship – Your communication Do you really hear each other?• Your dreams – What is on YOUR bucket list? Do you want to do the same things?
Reinvigorate…Your future• Your finances – What more can you do?• Your skills – Can they be put to some good use?• Your self-image – Who am I if I’m not a ……..?
“Given that more than 90% of workers are no longer engaged in heavy physical work, it is unlikely that everyone will retire as young as 67, put their brains into neutral and invite a shorter life as a result. Part-time work and/or a change of career are more likely.” – Phil Ruthven, Chairman IBISWorld, BRW, 2 July ‘09
Reinvent• Your ideas – “I have a lifetime appointment and I intend to serve it. I expect to die at 110, shot by a jealous husband.” Thurgood Marshall 1908-1993, American Judge• Your self-image – “We are not ‘senior citizens’ or ‘golden agers’, we are the elders, the experienced ones; we are maturing growing adults responsible for the survival of our society. We are not wrinkled babies, succumbing to trivial, purposeless waste of our years and our time.” Maggie Kuhn, founder of Grey Panthers• Your career – “The most successful people are those who do all year long what they would otherwise do on their summer vacation.” Mark Twain
“Over 50? What areyour career options?”“What are you doing forthe rest of your life?”“Finding Passion andPurpose: Unleash theEntrepreneur Within”
Barriers to your successAge…………………Is it a barrier?Skills……………….Are you the barrier?Attitudes….…….Are you creating a barrier?Impressions…….Could you minimise a barrier?Knowledge……..Is lack of knowledge a barrier?Decisions………..Barriers of haste and waste!
What do you really want? Clear direction Safe transition to next stage of life Confidence of success Knowledge about what to do Understanding how best to do it Fulfilment Success – personal and financial Control over your future
What are your options?1. Stay where you are but in a different job2. Stay where you are but with a different outlook3. New job doing similar work4. New job doing different work5. Consultant6. Buy a business7. Set up a home-based lifestyle-oriented business
Same employerDifferent job Different attitudeAdvantages How would it feel if you Benefits looked at it all differently? Advantages People Time and “head space” to Established reputation do what you want to do Less stressful eg study, start a home-Disadvantages based business, investigate business opportunities. Will you feel stuck? Might it be a less stressful What are you missing out option? on?
New employerSimilar work Different workAdvantages There would have to be Established reputation “stepping stones” to enable Less stressful you to make the transition Easier transition Same industry vs different industryDisadvantages Is this the opportunity to Will you feel stuck? apply your skills in a Is it what you really want to different context? do?
Career Change for Mature Workers Ebook + practical workbook Based on questions + four hours of webinars Why you might want to make a career change How to decide what you want to do Practical skills – How to write an outstanding resume and how to impress your interviewers How to develop confidence and have a success mindset
Early release available soonEmail – Expression of interestjenni@RedesignRetirement.com.auSelling for $59 AUD with workbook, audio andbonus webinarsFor you… $19 AUD = ebook + workbook + audioWould love your feedback and title suggestions!Want this to be practical, inspiring, genuinelyhelpful……….Something you’d recommend.
ConsultantAre you an expert?Is there a demand for your expertise?Do you have a good network?Are you comfortable promoting yourself, orletting your network know that you areavailable?Do you have good business skills?
Buy a BusinessScary!Outlay of money vs inflow of moneyDo you have the expertise to Buy the business at the right price? Run the business efficiently? Build the business value to sell?Probably need professional help
Why home-based business?Using your skills and experienceFreedom to be your own bossCreative – Every aspect of the businessLow overheads, High convenienceTax advantagesBuild it for the future
Home-based business successesKnowledge of what is possible Beware jumping at first good idea you hear about!Knowledge of online business models Creating and selling information through Ebooks, Membership sites, Audio and Video ProductsEbay and online storesProviding services for other home basedworkers eg Copywriting, VA, BookkeepingBusiness ideas made possible by technology
Multi Speaker EventsGreat introduction to business opportunitiesUnreal environment – hype, excitement, specialoffers, enthusiastic peopleOutstanding speakers with great ideasProblem: No time to think and analyseOutcomes: Wrong products purchased! Wrong experience needed! Wrong skill sets required! Wrong support system! Time and money wasted!
The hare and the tortoiseIt takes time to really learn Planning your lifestyle firstDanger of wasting money means that you will get thebuying into a program when lifestyle you want, not theyou don’t know if it is right lifestyle that your businessfor you. dictates.Danger of wasting time Learning and evaluating asfollowing a program thatmay not be right for you. you go ensures wise decisions.Overwhelm!
RedesignRetirement.com1. Work out what you want to do with your life2. Grow your knowledge slowly and genuinely Online opportunities Offline businesses that can be run from home High demand opportunities to support others3. Learn only from genuine experts in each field4. Find out how others have changed their lives5. Support as you make your decisions