When and how should I start preparing for my retirement from SFI?

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8843 votes
Manohar Lal, Aff (India) Top Author Forum Guru 9/24/2015 8:24 am
Affiliate since: 12/18/2011, Power Rank: 99999999 | Read Manohar's 240 other Ask SC answers
Hi Maria,

I would say you should never plan to retire from SFI as SFI is a lifelong business. It’s a LEGECY business that means you can transfer it to your near & dear one whenever you wish.

If you go through the SFI Affiliate Agreement. Rule 28. States that Affiliate may not assign rights or delegate duties under this Agreement without the prior written consent of SFI. Upon request, SFI will provide Affiliate with guidelines for the sale, transfer, or assignment of Affiliate's
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8830 votes
Elvira Hajdarevic, Aff (Bosnia And Herzegovina) Top Author Forum Guru 9/28/2015 11:56 pm
Affiliate since: 07/22/2015, Power Rank: 99999999 | Read Elvira's 12 other Ask SC answers
Hi!
When i read your question first thing i thought was:"Why would she want to retire from SFI?"
Things i most often hear from people who work their whole life and retire is that it is interesting in beginning and then it gets boring,you feel useless,your income is not enough to do some things you wanted to do...
I think that working with SFI is the best job for retirement!You keep your mind busy,you are still earning money which helps you achieve some goals you have,and
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8828 votes
, () Top Author Forum Guru 9/24/2015 8:46 am
Affiliate since: 12/31/1969, Power Rank: 99999999
Hello Maria,

You can start planning for your retirement when you have 5 Platinum Team Leaders in your 1st generation of PSAs. This will make you a Diamond Team Leader, the highest rank.

When this happens you will, for the most part, have your business on "auto-pilot" and as long as you're logging in at the very least, once a year your account will not be deleted.

But why stop there. If each of your 5 PTLs have 5 GTLs then, WOW. You would really have retirement
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8816 votes
Fay Grizzle, Aff (Jamaica) Top Author Forum Guru 9/24/2015 12:01 pm
Affiliate since: 02/01/2015, Power Rank: 99999999 | Read Fay's 30 other Ask SC answers
When should you start preparing for your retirement? Now.

There is no better time to start preparing, like the present. The earlier you start preparing, the more you will accumulate for your latter years.

For eg. If you started to build your retirement portfolio five (5) years ago by putting aside $100 for the year, you would have a total of $100 × 5 years = $500.

For someone who is just starting out this year, you would be ($500-$100) $400 ahead of that individual.

How
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8793 votes
Olufolake Stephen Adams, Aff (Nigeria) Top Author Forum Guru 10/2/2015 2:54 am
Affiliate since: 06/09/2014, Power Rank: 99999999 | Read Olufolake 's 206 other Ask SC answers
Hello Maria
Your question is two in 1: when and how.
To answer number 1, when. It all depends on you. When is a time factor.
Secondly, it depends on what your goals and when you want it accomplished e.g you may tell yourself that i want to make $3,500/mth or i want to be a DTL or PTL or raise 100 active PSAs or 6,000 EA2s down your line. It all depends on what you want and the timing you want it accomplished and sustainable.
To answer question 2, how?
Again, this is determined
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8772 votes
Earl Winfrey, Aff (South carolina, US) Top Author Forum Guru 9/24/2015 11:17 am
Affiliate since: 11/10/2003, Power Rank: 131 | Read Earl's 98 other Ask SC answers
I think it is great that you are making a plan for retirement! This kind of forward thinking is what we need to succeed in this business. If we don't know where we are going, we will never know if we have arrived.

Here is what I suggest.

Create a picture of what your retirement looks like. How old do you want to be? How much money each month do you want to have for living?

Once you decided how much money each month you would like to have, check your monthly commissions
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8738 votes
Audrey Lightbourn, Aff (Bahamas) Top Author Forum Guru 9/26/2015 7:27 am
Affiliate since: 09/27/2014, Power Rank: 99999999 | Read Audrey's 19 other Ask SC answers
You never really retire from SFI. Why don't you retire. The make up of SFI is that of TEAM building. So once you've established a TEAM you have the PLEASURE of developing, supporting and coaching your team members. Therefore you have a life time network of affiliates whom you will forever be connected to. Once you become accustomed to such vibrant and encouraging network of people who would want to retire?

However, since it is advised that you have and maintain five affiliates (PSAs) that
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8729 votes
Santhosh Kumar, Aff (India) Top Author Forum Guru 9/25/2015 12:40 am
Affiliate since: 04/18/2015, Power Rank: 99999999 | Read Santhosh's 4 other Ask SC answers
If I understand correctly, you want to have a healthy stream of income from SFI which take care of present and future needs with luxurious life style. This is possible and better to AIM high and acieve or fail than to target average and fail.

Based on my understanding of your question, I would advise the following which might be of use.

1. Make sure you maintain qualification to earn in initial stages and target yourself for the highest level of income and gradually move up
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8729 votes
Jeannette Gerrard, Aff (District of columbia, US) Top Author Forum Guru 9/25/2015 1:26 am
Affiliate since: 11/13/2001, Power Rank: 84 | Read Jeannette's 241 other Ask SC answers
The answer is never. Why? Here's why.

SFI has made it possible for your children and grandchildren to inherit your business. This means that your success carries over to future generations. This makes it a wise investment for you and your family. If you should ever need to retire because of some unforeseen situation, your spouse or children can take over the business; if you are still living, you can benefit from the income, and so can the other members who participate. So the
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8725 votes
Dušica Jovanović, Aff (Montenegro) Top Author Forum Guru 9/30/2015 6:31 am
Affiliate since: 07/05/2024, Power Rank: 99999999 | Read Dušica's 11 other Ask SC answers
I retired from regular office work many years ago, but I only started the work at SFI four months ago. Therefore I would like to say that you are never to old for SFI home business, unless ill and disabled to think and click the buttons. Naturally, I cannot work directly on marketing, but I do my daily and monthly tasks, read a lot the Ask SC, play the games , bid the PriceBenders offers giving 2xMPR. To be short - I enjoy and I have with SFI an occupation that makes me active and perhaps some day
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