Despite these being
your golden years, figures show that a large number of over 50’s workers are
swamping the market, snapping up jobs such as cleaning, property development
and taxi driving, in an effort to ease the financial worries that carry on
through their golden years.
Data from the
Office for National Statistics (ONS) shows that the number of workers over
state pension age is now twice the level recorded in 1993. Furthermore this
research found that the number of older people still working rising faster than
the population as a whole.
It’s a far cry from
the previous generation. However the new trend for over 50’s is to restructure
their job, either reducing their hours or starting up a new endeavour.
Self-employment is particularly popular.
Put Your Wisdom and Lease on Life to Good Use
It makes sense for
over 50’s to branch out on their own and become self-employed, or engage in
some other independent venture. After all, if you want to be successful when
striking out on your own, you have to have experience. No age group has the
wisdom and experience as those in their golden years.
Furthermore, whilst
extra costs play a part in the decision to keep working, some sources have suggested
that improving health is also a fundamental factor. Many older workers are in
far better health than in the past, a large number feel that pension age is
simply too young to retire.
How Can You Make This Transition?
So you’ve got the
experience and you want to keep working .It’s the best time of your life. How
can you make sure that it’s not a drain on your finances?
Firstly, don’t dip
into your pension. It will seem tempting; after all you’ve spent years earning
all this money, why shouldn’t you use it? Because you need a safety net. You
are going to retire eventually, don’t play around with your retirement funds.
Also, you need to
do your research. Striking out on your own is no easy feat. You may have the
experience but you don’t know everything. Make sure you do all the research,
speak to all the experts. That way you are sure to make money, rather than lose
it.
Also, make sure you
have a good amount of cash to make the venture a success. Branching out on your
own costs, you need money to make money. If you’re not in the position to
provide the cash yourself, why not try a business loan?
How Can You Find a Business Loan?
These days there
are so many loan providers out there ready and waiting to provide you with a
business loan. It’s all about picking what’s best for you.
Make sure you can
afford to pay all the money back comfortably. This means you should look for a
loan with a healthy interest rate and a reasonable repayment plan. If you don’t
know where to begin looking, why not get a little help.
AK Management is a
company there to help you find the right loan for your circumstances. All you
have to do is get in touch, speak with a member of the AK team. They’ll run you
through a few questions on you, your circumstances and what you need. Then
they’ll find the loan that’s best for you.
Your golden years
may be years that these days you need to keep working, but they’re also the
years you get the chance to brave it on your own. Take this chance to make sure
they really are the best years of your life!
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