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Can You Love Saving For Retirement?
With rising fuel prices, and all the associated increases in groceries, etc., it can be challenging just to pay bills every month, much less save for retirement. However The Over 50 Website presents and interesting look at alternative strategies used to save for retirement! Of course, forcing ourselves to dump some cash in a savings account or CD may be safe, and should probably be part of the plan! However, if you can combine a passion of yours with a way to build an asset, you will probably find yourself saving more money, and also improving the quality of your life while you do it!
For instance, the author enjoys collecting gold, silver, and coins as a profitable hobby! Since the author enjoys this hobby, it is something that is well researched. Now she does caution us that she, herself, has to put the breaks on her hobby sometimes, only invest what she can afford to spare, and sometimes has to wait awhile before the investment appreciates. However, she has a passion for researching her collection and this leads her to make better decisions!
The Retirement Savings Made Interesting article also makes some other suggestions for interesting ways to increase your savings and investments. I would also like to add that you can profit from your knowledge on almost any subject.
If you know how to build a desk, cook a gourmet meal, or tune a car, why not offer a local class? Many cities have listings of “leisure learning” type companies you can teach with, or you could probably organize a class on your own. Recruit students, charge a reasonable rate, and turn yourself into an expert!
Do you have a good idea?
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One Response
admin
January 5th, 2008 at 3:25 pm
1You know gold bullion has moved up about $100 an ounce in the last 4 - 5 years. It isn’t such a bad investment. Sort of beats those 1% rates on a savings account, right?
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