HR Professionals
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Activity:
46 views;
last activity : 02 12 2011 08:32:45 +0000
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Turn to teaching
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Work now, Do Side Business, sit back and relax after retirement
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Save while you work for retirement and onwards
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Turn to administration
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invest WISELY now when u r earning, reap benefit when u retire..
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Save Now and Just relax in your golden days
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blogging
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Invest time on networking
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Do small scale business with other friends
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Many factors governing retire life.
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A wise investment of savings
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A wise investment of savings
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As retired professionals have immense knowledge they can become guest faculties at colleges and can have good side income. They have been in the same field for ages and have a lot of on-field knowledge and understanding which gives them a cutting edge against the faculties who have been only into academics. A guest lecturer can earn in range of 2000-5000 rs per lecture which is good enough. |
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Good idea Mr.Kiran Kumar.
Well said kiran, but what about average people,they cannot do such type of job
What you are saying is switching from one employment to another (even a part time). U may or may not be able to continue to render such services for longer duration, once that stage comes...then what???? have anyone thought about it?
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Work now, Do Side Business, sit back and relax after retirement - I am preparing for my retirement now itself. My saving portfolio is varied. I have a side business which earns me additional money (passive income). This money, I save for future. I have an active income as well as a passive income. I put initial good effort in my side business and now I keep getting cheques month after month. Now a days I contribute to this side business only occassioanly. This is passive income. This income goes into my retirement fund. I have other interests that I plan to persue after I retire. So I am preparing for those now itself, both in terms of health and wealth. If anyone is interested in knowing about this side business please contact me. |
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I like your idea.So with this you can have both pension and income from the side business.Also it will help their childern to have already a well settled business.
I agree with you. Retirement is to relax. so earn now and make enough provision for retirement.
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It is not necessary to work to earn throughout your life. Take some right decision and make some investments so that you can live your job and can still earn much to spend your life happily.
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If you don’t have any specific skills set, you can take up an administrative job. The work includes overseeing day-to-day requirement of a company, co-ordination, looking after procurement needs, executing travel plans, mentoring, arranging interviews and so on. In a smaller set up, you can earn between Rs 8,000 and Rs 10,000 a month, while working with bigger companies can fetch you up to Rs 60,000.
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Earning after retirement require planning, like the story of "Grasshopper and Ant". Plan and save money when u are earning, because later years u may not have the same energy to do so. I would suggest all to invest wisely by saving some money from the earning (a bit difficult but not impossible). Even a mere Rs.1000/- saved per month and invested wisely can over the years reap you rich benefits. In simple mathematics, (wise investments) utilizes the power of compound interest. Let me explain: After a period of 10 years, even though on has invested only 1.2L, one's total money can be a minimum 1.6L (@6% p.a). a whopping 40K difference (all due to CI compound interest unlike SI provided by banks which would have been just ~8K). This very same 1K/m after further 5yrs time will yield minimum 2.8L while total invested would be just 1.8L, add another 5 yrs, it will be 4.4L while ur invest would have been just another 60K. This all benefits with just Rs.1000 pm, imagine with every zero added how much return one can get? Once you stop earning, collect this lumpsum amount and put them in banks for SI and take monthly interest benefits. Thus one will continue to earn even after retirement (just the way ANTs save food for winter). |
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Save now just 25% of your earnings now, make it habit. Invest this amount wisely for medium term in SIPs and then gradually switch this amount into real estate (Land only) because its only commodity which cannot be replace by any thing
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freelancer, SEO is the best way
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I do not think the pension compensation with regular monthly pension is inadequate.Even if it is there net working with right people may help the matter.
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One can join a hand with all his/her retired friends and can establish a small business with a small contribution of money from each one of them.
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The definition of retirement is perhaps retiring from doing job. If some body is doing job and earning, than it is not retiring. The factors affecting retire life is the health, children and their position, wealth, home and happiness, place of living etc. in my opinion, the person who is able to maintain a good health after retire is really enjoying life. Royalty income also plays important role. The people keeping interest in writing and research also enjoys life due self satisfaction.
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A wise investment of what was earned in a very hard way. So that, it offers protection / continual financial benefit even after retirement. |
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A wise investment of what was earned in a very hard way. So that, it offers protection / continual financial benefit even after retirement. |
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