ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

You Can Survive Retirement

Updated on May 12, 2013

Quit worrying. You are looking at a new, fun life

Welcome to the new reality. You are now part of the out of work, out of money and over 50 Baby Boomer generation. You’ve gone through what savings you had, moved on to using credit cards to pay bills, get groceries & fuel for your vehicle. You sit across the breakfast table from your wife of 30 plus years and begin the painful discussion regarding the inevitable reality that you are facing bankruptcy. This scenario is staring you in the face after years of the both of you working hard, saving when you could and paying all your bills on time. You tried to make smart choices, managed to buy and sell several homes, making money on each sale. Then the perfect storm; the last house you buy was a bit larger than you would have normally purchased but your parents needed a place to live because they were getting up in age and have health problems that precludes their living in their own residence. You lose your job because the company is sold, you take a job in another state, because you have to work, it happens so quickly you don’t have time for you home to sell, the economy tanks, the housing market drops like a rock and major changes in mortgage reform mean that even if you find a buyer for your home, getting a good appraisal and finding a mortgage is near impossible. It all comes together when you lose the job you just took in another State.

Although the circumstances change somewhat, the story remains the same. You are caught up with the realization that bankruptcy is a certainty and you will have to walk away from your house and all the other bills you have worked so diligently to pay for so many years. Your credit score is in the high 700s for years, so this is a terrifying nightmare that can either defeat you or force you to take a look at a whole new way of enjoying life and make the future an exciting adventure.

How can that happen? I’m over 50, getting too old for the work place, going bald, too fat, my hair is graying etc. These are some of the negatives that will hold you back from making lemonade out of lemons.

First of all, you are in the same boat as a great many Americans in today’s economy. Sit down with your wife, or by yourself, pull out a pad of paper, your resume, a pen, grab a cup of coffee and begin creating a new life.

Draw a line down the middle of the paper, on one side I want you to list every skill you have, every passion you have and everything you could offer a company. On the other side of the line I want you to write down all the different businesses you could start given your skills and passions. I do not want you to consider, at this point, how you are going to raise the money to do this new business. I just want you to consider the what, where, when, why questions. You might decide that you want to start up an eBay business. You may have a knack for spotting valuable fishing poles, lures and reels that fishermen would buy on eBay. It can be anything. I think the more of an expert you become at a niche market the more you can earn. Do you love animals? How about a pet sitting business? If you are an accountant, start your own outsource asset business and work at picking up a few accounts that you can work from home.

What expenses can I cut here? Can I live with basic cable? no land line telephone (keep my cell phone)?, sell one of the cars?, go to out to dinner a little less?, set the thermostat higher in the summer and lower in the Winter to lower gas and electric utility bills?

If you decide to TAKE CHARGE of your circumstance, believe in yourself (despite the bad circumstances); figure out how to replace income doing your own thing/things. It may be a combination of things that will generate multiple revenue streams. Start building your new life today. If you believe, God will be with you every step of the way. You are only limited by HOW you think and your attitude. Network with everyone, find something that excites you and start doing it. Write a book, Write movie/TV scripts, get a booth at the flea market and sell something there every week. Have fun, life is way too short to dwell on the past and what might have, could have been if only I had done mind set.

“Opportunity visits daily. Open your mind so you can see it.” -J.W. Owens


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)