You have been dreaming about the perfect retirement life: Lazing on the beach, travelling the world with your family and best friends…Or simply staying at home pursuing your pas
sions.
But how can you retire comfortably… WITHOUT worrying that your retirement funds will run out?
Regardless of what current age you are at, it’s never too late nor early to start planning for your retirement.
Here are 3 strategies you can do right now, so that you can retire without worrying that your funds will ever run out…
1. Put Your Savings in Ultra-Safe Investments
If you have a huge chunk of money in your bank, you can consider to move it to a ultra-safe investment like a fixed deposit account.
Fixed deposit gives you a low interest return of about 1%, but the good thing is that you can withdraw it anytime you need. There’s no minimum sum, and no age requirement for you to withdraw.
2. Day Trading For Higher Returns But With Risk
The idea of day trading may sounds like more attractive way to grow your retirement funds, because it does give higher returns than fixed deposit, or your EPF.
However, it comes with risk. Risk of losing your capital.
Furthermore, you will need to glue your eyes to computer screen all the time during day in order to profit from it. If not, you probably have to spend thousands on a software subscription.
If you hate spending many hours on the computer and reading technical charts, day trading may not be your best option to add to your retirement funds.
3. Start A Low-Capital, Low Time Commitment Business At Your Free Time
Does such a business even exist?
Yes! It’s called an E-commerce business.
Ecommerce is about selling things online to customers, which mean you don’t have to pay tens of thousands of dollars for rental or hire employees to manage your physical shop. A few thousand Ringgit is enough to kick start.
And with today’s technology, you can start an ecommerce business Without creating your own website, handling inventory, delivery, customer support, and even without selling. Because you can leverage on a company to do all these logistics work for you.
And because so much logistic work and administrative work has been settled for you, you can literally use a few hours to run an ecommerce business.
Ecommerce, or online shopping is a growing huge trend, for years to come. More and more people are buying things online.
Which also mean if you start an ecommerce business today, you can getting sales and making profits for years and years, even after you retire!
Isn’t that a better retirement plan, where you can get money coming in, during retirement?
Good News!
You can now build your own mobile apps for e-commerce using mobile apps builder. No coding or programming is necessary to build your mobile apps.
Moreover, you just build and publish your apps to PlayStore or/and AppStore. No need to buy domain name and no need hosting. It is faster and more efficient than website. Unlike website or mobile website, you are able to send notification to all your customers via mobile apps. No need to send to their emails as majority will not open their email immediately. With push notification, your customers will be notified via their smartphone, which is always with them. Bagus ke bagus?
If you are interested to start e-commerce, using your own app, please click HERE
Credit to Udemy
