Network Marketing, Solution for Retirement Income? Part 1:

By January 11, 2017Retirement

Could a Network Marketing Company Be Your Solution for Retirement Income?

Network Marketing

Network marketing companies offer the chance to ditch your corporate job, become your own boss and make a boatload of money in the process. It’s no wonder network marketing companies are on the rise! However, is this type of business venture the right solution for you?

Forbes recently took a detailed look at the network marketing industry and said, “the entire industry is poised for explosive growth and can be one of the most significant solutions to America’s current retirement savings crisis.”

The Forbes article outlined four key reasons why someone would want to take part in a network marketing company:

1. Not enough money saved for retirement.

Baby Boomers are rapidly approaching retirement age. However, much different than their parents, only 27 percent of Baby Boomers feel confident that they have enough saved for retirement.

2. Disenchanted with a current career.

Aging Americans are coming to grips that they will have to work longer to support themselves financially. This reality is especially painful to face for those stuck in a career that they don’t enjoy. Not only does this put these employees at high risk of burnout, but it also makes them feel less connected to their job and the people it impacts.

3. The desire to start a business.

According to an AARP survey, nearly half of all Baby Boomers are interested in starting their own business. This desire for entrepreneurship is a direct result of not having enough money saved for retirement and/or not being fulfilled with their current career.

4. Psychological fulfillment.

While it’s not frequently discussed, the psychological impact that the transition to retirement has on people can be very tough. People want to feel connected to others and have the experience that they are part of something bigger and better.

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