Early retirement is becoming a ‘fantasy’ for millions of workers, experts warn.

Higher life expectancy, the demise of final salary pensions and a rising state pension age mean the number of people retiring before 65 has fallen by a quarter in just seven years.

Pensions experts are predicting ‘the death of early retirement’ as all but a lucky few will work into their 70s. In a bleak assessment, savings giant Aviva said that by 2035, almost no-one will give up work before the age of 65.

These predictions come from an article the Daily Mail: Death of early retirement

The Department for Work and Pensions has said hundreds of thousands of over-50s may have to go back to work

This is a wake-up call for everyone. It doesn’t matter how old you are, you will not be able to rely on the state providing you with a decent pension when you retire. You need to look at ways of creating a passive income.




We all have choices in life, and the choices and decisions we make will in the long term affect how we enter retirement. This will be based on our choice of career, health, family, even luck and so many other factors that we can not control.

Which is my point? How many of us have an idea of what our retirement will look like? Do we want to be one of the millions of workers who face an uncertain retirement? Or do we want to be in control of our own retirement plans?

Or are you so focused on today that you fail to plan for tomorrow? Tomorrow will come, trust me, time waits for no man or woman, so the sooner you face the fact that,

Consider this possibility. After retiring you may live for another 30 years, your choices and freedoms will depend not just on your health but also your disposable income which will be determined by your decisions today, next week, next month and next year and the next however many years.


So rather than just burying your head in the sand and hoping for the best, what can you do to try and protect yourself and your family from living on the breadline or dying at your desk without breaking the bank?

Passive Income Opportunities.

One way is to reconcile the choice they might have to make between money and freedom might be to focus on the things that really make you happy while still at work to which you can turn into a passive income.

In essence, you are looking for the best retirement lifestyle possible, with all the benefits of financial security and freedom of choice to do whatever you want to enhance your life and lifestyle.

The secret to wealth and peace of mind – “The ability to create a passive income that generates multiple cash-streams coming into your lives (and accounts!) instead of just one”.

There are two main routes to in creating a passive income –

  • You invest money to make it happen.
  • You invest time to make it happen.
You Invest Money To Make It Happen.

Good examples would be any investment such as stocks and share ( the stock market ) property, land, investing in a company. All are high risk and reward types of investments. Creating a passive income this way needs cash as well as time.

You Invest Time To Make This Happen.

Creating a passive using this method, can be achieved with or without cash input. You invest your time rather than your money. For example, you may want to start doing car boot sales, you can start by selling all your own unwanted items, you pay the entrance fee and after that all your takings is profit, you give up 2 or 3 hours to make an income.

Creating A Passive Income For Retirement?

Discover what you’re good at. Reflect on your strengths. Some people are good at investing, while others may be intimidated by the market or afraid of the risks. Other people are talented artists or writers. Still, others possess a skill or knowledge for which people would be willing to pay. Think about how you can combine your interests and skills to make money.

  • For example, a writer can sell books, a musician can sell songs and a finance buff may be able to clean up in the market.
  • Don’t be afraid to try a combination of things. You don’t have to stick to one area of expertise. For example, you might earn some income selling e-books, and then turn around and invest some of those earnings.

Set a financial goal. Determine the income level at which you want to live. Think about where you want to live, what living expenses you will have and how much it will cost to live a lifestyle that will make you happy.

This will tell you how much money you need to be earning per year in passive income. Depending on that nature of your passive income revenue stream, you may need to work a certain number of hours per week.

Creating a passive income requires discipline and commitment. You need to control spending and save as much money as possible.

Also, you have to promise yourself that you will not spend your income but to invest part of your profits back into your business to continue developing sales. Finally, you must devote time every day to keep your income stream viable.

While having multiple streams of income is ideal, you need to choose the right one for you. For example, if you want to earn money from a blog, you need to pay for web hosting, choose the right niche, design your website (or have someone design it for you), create a blogging schedule, share your posts, develop a community, guest blog, and choose the best affiliates for your blog niche.


And there are a number of different ways you can approach this.

Create An Information Product

If you have the knowledge or a skill or a hobby why not consider creating an information product. It could be course or a guide or just a simple eBook.  And the great thing about this idea is that there are online resources that can help you with writing and design as well as publishing ideas. Where to go for help?

The information product you create could be on any topic. If you need some ideas visit Amazon and start looking at some of the best-selling book topics and see if any of those matches up to your expertise. (Even if they don’t it doesn’t mean there isn’t a market for what you have to share!)

Write A Kindle eBook

Another popular way to earn passive income with no money down is to write an eBook and sell it on Amazon through the KDP program.

KDP stands for Kindle Direct Publishing and is Amazon’s program for self-publishers. While you will have to write your book, figure out Kindle formatting and come up with a cover design, it costs you nothing to self-publish a book through Amazon.


Sell Stock Photos

If you’re a freelance photographer or just enjoy taking photos and are good at it, you can earn a passive income selling your stock photos online.

Different sites will have different rules and commission rates. However, there are a ton of different places you can submit photos to.

The great thing about selling stock photos is that one photo can be purchased by many different people.

You can find 13 places to sell your stock photos here along with commission rates and more.

Consider Multi-Level Marketing

Multi-level marketing can leave a bad taste in people’s mouth and I completely understand that. In fact, there’s nothing like logging into Facebook and seeing a dozen people trying to sell an MLM product. I get it.

However, all multi-level marketing doesn’t have to be done in such an in your face type fashion. If you can find a product that is truly helpful and that you’d tell people about anyway then you have a fair shot at making MLM work.

But beware of MLM firms that are focused extensively on recruitment or strongly encourage you to buy more and more of their own products.

Affiliate Marketing.

Affiliate marketing means you sign up with a company and/or entrepreneur and sell their products. For example, if you start a tech website, you could become an affiliate of a web hosting or anti-virus software company.

Start A Freelance Business.

Have you always wanted to own your own business? You could start a side business while you work a full-time or part-time job. For example, if you’re a graphic or web designer, you could start your own graphic or web design business on the side. If you like to make jewellery, you could sell at craft fairs and online.

Start A Blog

Last but not least Blogging, which is close to my heart. I started my blog last year simply because I wanted to generate a new income stream. When I reached my late 50’s It suddenly dawned on me that my retirement plans were, well I had no plan!.

I had no idea on how I was going live the rest of my life, I had a vision and a few ideas. I then read an article by Neil Patel who is a well-renowned expert on blogging and internet marketing, from there I created menat50ish.

You can also sell digital products from your blog, eBooks online courses where you teach other people how to become well-paid writers. Or, you can self-publish and sell books on the topic on Amazon. You can also make money in affiliate sales by recommending products based on the topic of your blog. There is so much you can do from a blog, just make it interesting.

 Sell Random Stuff on Sites Like Zazzle

If you have art, designs or photos, you can publish them on any kind of product you can think of: invitations, T-shirts, mugs, pillows, phone cases… Then set your own royalty rate (that’s the percentage you’ll rake in from 5% to 99% ), and you’re done.

You won’t have an inventory to handle (no production, no shipping).

Find out more about selling on Zazzle, or look into other platforms, like Amazon.

Passive Income: It Takes Time or Money

There really are no shortcuts to creating a passive income. You’ll find a countless number of people who’ve created solid passive income streams with and without money.

The important thing to remember is that those people who were successful in creating a passive income were willing to put in the hard work and effort and had a vision of what their retirement was going to be because they relied on their endeavours rather than the state.

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