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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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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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