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Is Financial Freedom for Seniors an Illusion or a Possibility?

Is Financial Freedom for Seniors an Illusion or a Possibility?

Most websites you bump into when you browse for financial freedom for seniors are from either financial institutions or care organizations. This article focuses on the fundamental you will have to build, if you want to work towards financial freedom.

Financial freedom is defined as having enough income to pay for living expenses for the rest of your life without being employed or dependent on others.

You will achieve that when you retire or receive a large inheritance. But also if you find a way to get paid for your work more than once.

Writers and musicians receive royalties on their book or piece of music. Computer programs and apps are sold. Examples of creating something once and getting paid as often as something is sold.

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Poor Mindset vs Rich Mindset – How to Grow the Right Money Mindset

Poor Mindset vs Rich Mindset - How to Grow the Right Money Mindset

As you are aging you will have thoughts about your finances. Hopefully these are only positive thoughts, because there is a relationship between a negative attitude and being poor. Yet, positive or negative, it’s good to have a grip on your finances.

This article has 2 perspectives. On the one hand to be actually poor or rich, in terms of money. And on the other hand to be rich or poor in your view of wealth. In other words poor mindset vs rich mindset.

We all have a different view on what wealth is. For some people it means having a lot of money, for others being content and happy is more important.

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A Lottery to make Money? How to become Financially Healthy

A Lottery to make Money? How to become Financially Healthy

This should better not be your strategy to make money: hoping you will win the lottery. You might succeed, but chances are way higher you won’t. My son used to say: “Hope is postponed fear”.

Don’t think I was above it. I too participated in some lotteries in the past. The trickiest one was a lottery in the Netherlands based on your zip code. Can you imagine what that meant? In my memory it was even communicated in their ads, but I have to admit I am not sure of that.

“Think what will happen if your neighbors win the lottery to make money, and you are left out, because you have no ticket!”

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My Affiliate Marketing Experience as a Beginner – First 6 Months

My Affiliate Marketing Experience as a Beginner - First 6 Months

When I sold my house in the Netherlands I retired from my 35-year old graphic design studio as well. Most of my clients were my age and retired in about the same period, so I didn’t let down anyone. I passed on the remaining few to a former colleague and went traveling.

My husband Tom and I had an amazing year with everything we needed in the car, renting houses or apartments along the way. In hindsight, I should have been an affiliate partner then as well, so I could have built on my affiliate marketing experience. We both wrote every day on our blog about our adventures and discoveries. How well that would have fitted with the right links.

At the time I considered myself retired and even more so when we found our dream house in the south of Spain and resettled. LOL, after 2 months I had enough of retirement.

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How about Starting a Business after 60? Dream or Delusion?

How about Starting a Business after 60? Dream or Delusion?

Now and then I hear someone say “Oh, I am too old for that”. Mind you, these are not only people over 60. I also hear people in their thirties and forties tell it. I always cringe when I listen to such a remark.

If you start practicing a certain type of sport at the age of 50 with the intention of winning gold at the next Olympics, it might be a bit unrealistic. Depending on the sport of course. But it won’t stop you from having tons of fun if you do it anyway. And you’ll be working on your health as well.

Instead of saying “I am too old for that” it is way better to say “what are the possibilities to make this happen?” So if you are wondering whether you could be starting a business after 60, this question is a great starting point.

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Do Women love Money? Or do we have a Love-Hate Relationship with Money?

Do Women love Money? Or do we have a Love-Hate Relationship with Money?

Who handles the money in your household, you or your husband? If you have answered that question, ask your friends as well. You will find out that more often than not the man is responsible for the finances and the woman has no clue.

Don’t women love money? Or are we afraid of the responsibility? 

Talking with my friends we discover often we all have at least one friend who unfortunately became a widow and was in a completely different financial condition than she previously assumed.

Let this not be you. Educate yourself.

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Earn a Side Income as a Pensioner – Become an Affiliate

Earn a Side Income as a Pensioner - Become an Affiliate

Is it necessary to earn a side income as a pensioner? Maybe.

Usually we only find out after retirement whether we have a good pension or not. Unless you were a specialist in the field of pensions or have had a very good financial education. Then you probably knew exactly on forehand what you would get after being pensioned, and for how long.

Also, sometimes the agreements about pensions are changed in the meantime, as happened to Tom and me – and all other Dutch people in our age group. Instead of getting a state pension at age 65, we got it at age 66 and 4 months. 

Neither Tom nor I were financial wizz kids, but we were lucky to have made at least some good decisions during our working life. That way we could survive those extra 16 months on our savings.

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How to Change our Mindset about Money in a Healthy Way?

How to Change our Mindset about Money in a Healthy Way?

We probably don’t think much about how our mindset affects our life. We have always thought this way, either as a result of how we were raised or through other circumstances. Yet our mindset in fact does affect our life. By changing how we think we can improve our lives. 

When we rarely feel happy and content and we realize that the reason is that of a negative mindset, it’s time to change to feel better about ourselves and attract more abundance into our life.

If money is part of that negative thinking and worrying, it seems like there can never be a solution. I know what that feels like since I was in that situation myself a few years ago. A good moment to change our mindset about money!

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How to make money from your hobby or passion?

How to make money from your hobby or passion?

In 20 Ideas on how to make money after retirement I offered some possibilities to earn extra cash. But what if you have no idea how and where to start to make money from your hobby? I’ll give you some ideas here.

One of the most important conditions is that you are creative in coming up with possibilities.

“But I’m not creative at all,” I hear you say. Well, that’s the first thought you should let go of. Everyone is creative, for the simple reason that you are not born with it, but can develop it.

In an adaptation of Edison’s quote: “Creativity is 1 percent inspiration and 99 percent perspiration”.

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20 Simple Ideas on How to Make Money after Retirement

Ideas on how to make money after retirement

A newspaper article about COVID-19 and the stock exchange made me again realize how vulnerable our financial system is. As soon as stock exchanges are going down, there is talk about freezing the pensions. This year (2020) I finally receive a state pension, but these rumors always make me wonder for how long. 

It’s better not to wait until the unforeseen happens. I want to make sure I have a back-up plan on how to make money after retirement! The ideas I share with you are partly things I am doing or have been doing myself. And partly I got that information from friends and from searching the internet.

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