Does This Story About Bob Sound Familiar To You, Or Anyone You Might Know?
Bob is a 54 years old and 35 lb. overweight.
He has 3 children from his first wife and has helped raise 2 more with his 2nd wife’s kids.
Out of them all, 1 has a career, 1 just enlisted the military, 1 just went to college, and the other 2 are floundering. They just got out of High School, are unmotivated and floundering. He hopes they get jobs soon because he is tired of feeding them.
Bob’s wife Sally is about 40lb. overweight as well, and recently she got diabetes.
She works part time in the local Subway slinging mayonnaise on sandwiches for a little extra money.
She had a good job with a local attorney until she got diabetes. When she was out for medical issues, her boss hired a young blond to fill in. The scumbag laid her off and is now getting divorced.
Bob and the wife had once dreamt of retiring to Florida, but they are coming to the cold hard realization that their retirement dreams are slipping away.
He used to think he could quit at 65 or 67, but as it now stands, he has serious doubts. It’s beginning to look like he is going to have to work for the rest of his life.
- The divorce from his first wife 10 years ago set him back
- Raising step kids with a 1/2 deadbeat dad slowed the retirement saving.
- The dot com bubble obliterated his 401k and it never came back.
- The Real Estate correction wiped-out the equity in the house, not that is was that much, but it was something.
- Property taxes and insurance go up every year and its hard enough keeping them current!
- Credit card debit is manageable, but high. However, the credit ratios are high so his scores are low and he is paying high interest charges on everything.
- The house needs work and he can’t sell it for much more than he owes unless he fixes it up. However, he lacks the cash to do anything so he is stuck in a bit of a “Catch 22” situation.
As for the job, The overtime he used to get vanished with the economic collapse and Pay raises and Christmas bonuses went out the window too.
Heck – he’s just happy to have a job because most of the competition went out of business, or moved to China and half of his friends lost their jobs.
At 54 years old, (55 next month), he is too old to go back to school to learn anything else, so he is pretty much committed to doing what he has always done unless he goes into a business of his own.
Problem is, he has always had a job, so he has no idea how, or where to start.
The only good thing is gas prices have dropped a bit and he is saving $20 per week in gas.
Not that matters much, but he and the wife do go out to the Greek restaurant down the street for a meal now and again & the extra $20 helps.
That being said, between them, they have $100,000 tucked away and they know damn well it won’t go very far once they retire.
Heck …. with the credit card debt, property taxes and insurance, there will be nothing left of the Social Security check to buy food!
God forbid if they have a serious medical problem before Medicaid kicks in, because that will wipe them out completely.
He and his buddies used to joke about the old guy who stacks lettuce at the grocery store, or the Wall-Mart greeters – but his friend Sam just took a job at Publics.
No longer a joke, it’s becoming a cold-hard reality and he is scared shitless it might happen to him.
All those years on the job he was promised, and believed, he would get a pension. But that went right out the window back in 2008 with the collapse.
Heck – he’s glad the boss is still in business because it’s been really shaky for the past 6 or 7 years and it hasn’t changed much. He thanks his lucky stars every Friday when he gets paid.
So, he and the wife have managed to save and preserve $100,000. It is sitting in a savings account making nothing, and he is wondering how in the heck can he put it to work and buy a business and maybe not have to worry so much.
Maybe the business will allow him to even put a couple of the kids to work so they stop asking for money.
MAYBE, Just MAYBE, the kids will get serious and maybe they could build the business up into something that they could eventually take over and pay him and mom a small retirement income that once combined with Social Security, they could live comfortably.
More importantly, if something were to happen to him, the wife would be taken care or.
He would like to sell the house and move to Florida, but the wife is very involved in the church, and has a tight network of close friends.
So Florida is becoming more and more a pipe-dream except for winter vacations which in the current financial situation is an impossibility.
If they only had a few extra bucks coming in from a business, maybe they could buy a trailer in an over 50 park somewhere in Florida and spend the winter months down there.
The problem with buying a business is, he has no idea what to do or where to start.
He is looking for help and can’t afford to take any chances so he needs credible information – not like Get-Rich-Quick in Real Estate crap the snake oil salesman sell on late night TV.
He tried that route before and lost a couple grand.
He is looking for help and has no where to turn.
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Does any of Bob’s story resonate with you?
If so, and you abhor the idea of becoming a Wal-Mart greeter in the future, you definitely want to spend some time on this website, watch a few videos and download the FREE Report How To Get Rich Flipping Businesses“