Let's get right down to business.
You've had a full life. You've done many of the things you wanted. You are rich in experiences, friends and wisdom. But you're in your fifties (give or take a decade) and you're just scraping by financially.
If this picture is even close, read on.
The good news is that even starting late in life, you CAN transform your financial situation, build wealth, and create for yourself a secure, even abundant, future. It will take work, and it will take time. So don't be tempted by any "get rich quick," schemes. Focus on the basics, get started, stay positive, and enjoy the ride.
Here are three things you can do right away.
1, Find your personal finance guru and study everything he or she has to say. In this case. I would strongly recommend David Bach's "Start Late, Finish Rich." It presents a clear, program for taking action to turn your financial situation around. Furthermore, and perhaps even more important,the author is completely positive about your chances of success and includes examples and case studies of other who have done what you are trying to do.
Another good author on the topic is Robert Kiyosaki, whose own story exemplifies the late start turnaround phenomenon. Start with "Rich Dad, Poor Dad," and then check out his "Cash Flow Quadrant."
2. Simplify, Simplify, Simplify! Your campaign for financial transformation is going to require your focused attention. Clear personal space from any distractions (and here I mean both your physical and mental space). Set up a working office. Deal with whatever financial problems you can and put them behind you. Contact creditors to let them know you intend to honor your commitments (assuming you can!). Insulate yourself from all negative influences including friends and family who, while meaning to express their care and concern for you, actually make you more anxious not less.
Coach yourself and support yourself with positive self-talk. If you have to, take more direct action to dispel fear and maintain a positive attitude. Self-hypnosis and NLP (Neuro-Linguistic Programming) can be very helpful here. If you need extra help in this area, find yourself a personal coach. Try www.coachville.com for leads and references.
Finally, build a supportive community. Find others who are working toward the same goal. These may be networks of friends, or those you meet in Internet forums or chat rooms. There is great power in a group. If you can't find such a community, start one! It's that important.
3. Explore Non-Traditional Business Models. If you are starting late, you're going to need to adopt a non-conventional strategy for building wealth and achieving financial freedom. Fortunately, there are many, now proven, techniques. They're no easier than the traditional 9-5, and some may require you to expand the perimeter of your comfort zone, but they do work.
If you're reading this article, you are at least somewhat familiar with the Internet. Many of these new models harness the power the Internet and its virtually limitless scale and diversity, to make opportunities available at little or no cost. You don't have to go any further than the "Dummies" e-business and e-commerce books, to learn more than you will probably ever need.
Many people cringe at the idea of Network Marketing (or MLM), but there are thousands of millionaires out there with no more brains than you, and who started with as little as you have now, who are cringing no more. There's a story that David Letterman once asked Donald Trump what he would do if he had to begin over again. He said "I would find myself a good MLM company and get to work." The secret here is find a product or service you are passionate about, one that you would want to tell your friends about anyway. Your passion and enthusiasm will not only sell product, it will build you a million dollar sales organization as well.
But whatever strategy you choose, don't delay. Get started now. Starting late does not have to mean finishing broke.
Here's your big chance to have the last laugh!
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