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No. I lost the retirement account in the divorce. Then again, I kept the businesses. So, I am planning for retirement by creating businesses with recurring p
by jaxn 16y ago
No.
I lost the retirement account in the divorce.
Then again, I kept the businesses.
So, I am planning for retirement by creating businesses with recurring passive income.
- callmeed 16y agoI'm curious–how old are you? And ... how confident are you that you'll have enough recurring revenue to cover living expenses at your preferred retirement age? I ask because I'm considering options myself.
- jaxn 16y agoI am 33. I currently have almost enough passive income to live. My income comes from retail stores. I am not real confident that they will last another 50 years. What I am able to invest now is my time. So I spend some time on expanding and diversifying the existing business and some time swinging for the fences with technology. So far I have struck out a couple of times :-/ I don't know how confident I am that these stores would last until retirement age. So my focus is on growth and diversification. Edit: I should say "mostly passive" income. I am still involved.