This is a great question...
With any business, succession planning is always important...being an SFI affiliate is no different. It will be important to consider what is being met by your SFI business - in other words what role does your business have with others - individuals and organizations.
Retirement has different meanings for different people so the first thing is to determine what you mean by retirement - do you mean more travel, more time with family members or simply not working your regular routine/not working at all and simply draw an income from SFI or a pension without much level of effort?
The answer to the above - what type of retirement do you want, will then guide your process in the next phase which is creating a retirement plan.
Most affiliates start their efforts with SFI so that they can earn an income to assist with paying the bills, use cash flow towards the payment of bills and possibly start saving extra funds in a rain-day fund. Once all is achieved then people will being the next phase of planning - retirement living.
I would suggest that you sit down with a note pad or note book and write down all the elements that you want to have present while you are in retirement phase - write each statement as it is in the present moment not "future tense". This part of the activity may take several days or even months so do not rush this as there is no set defined way for people to live life as a retiree. But we all wish to achieve this state in life when we get older.
When you have you list started- consider each point and profile match or not match to SFI and see where SFI can assist you with transitioning into your retirement phase. |Keep this inventory list as it will change from time to time due to circumstances that come into or leave your life - this process of Retirement Preparation will always be dynamic as what you do today may or may not what you are needing to do tomorrow.
Happy Retirement Planning!
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This is a great question...
With any business, succession planning is always important...being an SFI affiliate is no different. It will be important to consider what is being met by your SFI business - in other words what role does your business have with others - individuals and organizations.
Retirement has different meanings for different people so the first thing is to determine what you mean by retirement - do you mean more travel, more time with family members or simply
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