Another method to retire wealthy

Name: Hernan
Age: 28
Occupation: Personal Director
Income: $35,000 a year
Will retire wealthy: Age 38

Hernan has a nice job. Suit and tie, nice office, pleasant working conditions. The only thing that irritates Hernan is that he has to go to work. He hates commuting. He hates leaving his wife and small son every day.

Here is Hernan’s plan.

On friday and saturday nights, Hernan deliver pizza in his suburban hometown. With an avaerage net of $50 an evening, Hernan has an extra $100 a week to put into his investment fund.

And because he is discipline, that’s what Hernan has done over the past two years. Already his investment fund is over $11,000. That’s more than the vice-president of his compnay has in his savings account. You see, it’s not how much you earn that counts. It’s how much you save.

Hernan also plans to add his next pay raise to his investment fund. Between his part-time job of delivering pizzas and his addtional deposits from his future pay raises, Hernan plans to downsize himself to a three-day workweek by age 33 and to totally retire by age 38.

Why downsize to three-day workweek? Because Hernan loves soccer and wants to coach his son, and travel with him through his playing days at school. And all this was possible from delivering a few pizzas!

Start a part-time business.

It’s easier than you think. Most businesses today are service businesses, not manufacturing business. That means you won’t have to invest a lot of money into equipment, buildings and employees.

In fact, most small business are one-person opperations out of the home. That one person can be you.

If you know how to clean swimming pools, why not start a swimming pool cleaning service? At $30 per week per pool, you’d only need two customers to have an extra $240 a month. You can create a large investment fund with only a $240 a month contribution.

But what if you had tem customers? This means you’d have two pools to clean every weekday after work. Ten customers would mean an extra $1,200 a month for your investment fund! Now you’re talking about taking the fast track to wealth.

If you’d invest $1,200 a month at 10% return, you’d have:

Duration      Total Savings & Interest
5 years                  $92,924.49
10 years               $245,813.97
20 years               $911,242.60
30 years            $2,712,585.51

And all of this came from just cleaning two pools every weekday after work.

What other examples of part-time businesses can you do?

   * Can you wash and detail cars?
   * Can you help people prepare thier taxes?
   * Can you show people how to use thier computer?
   * Can you mow lawns?
   * Can you start your own part-time delivery service?
   * Can you sell products or services part-time?
   * Can you write computer programs?
   * Can you grow rare vegetables or herb for resale?
   * Can you cater food to large parties?
   * Can you arrange and organize weddings?
   * Can you be a wedding photographer on Saturdays?
   * Can you do bookkeeping for small companies?
   * Can you do home remodeling?

The possibilities are endless. There is something you can do, or something you can learn, so that you can start your own part-time business.