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12 Inspiring Older Entrepreneurs Who Reinvented Themselves After Retirement

Retirement? More like rewire-ment! Here’s a shout-out to those unstoppable people who decided that retirement was the perfect time to kick-start their entrepreneurial journey. These 12 older entrepreneurs prove that when it comes to starting a business, age is just a number, and passion knows no bounds.

1. Colleen and Jim Seiler – Kushley, LLC

In their golden years, the Seilers decided that retiring wasn’t quite for them. So, they went nose-first into the odor control industry, launching Kushley, LLC! Originally, they were just trying to help out a friend, but after investing $30,000 in their new company, it became a successful business venture instead.

2. Sune Larsson – Serviced Offices

At the age of 50, Sune Larsson decided it was high time to break free from the shackles of the 9-to-5 routine. He went to Stockholm and set up serviced office spaces for hire, which gave entrepreneurs a place to work and a community for their ideas. Clearly, you don’t have to be a spring chicken to be creative! 

3. Lorraine Campman – Music Center

Lorraine Campman struck a chord with her decision to open a music center at 56, turning her lifelong passion for piano teaching into something much bigger. She began offering both group and private lessons to any keen musicians. Her story is a true masterpiece, showing that the music of entrepreneurship can begin at any age.

4. Deborah Ramsey – Natural Wellness and Spa

After being laid off, Deborah Ramsey, at the age of 56, started her next chapter of being an older entrepreneur by launching a wellness and spa business. Deborah’s business began giving her clients and Deborah herself some peace, transforming her from employee to entrepreneur. No matter what hurdles you might face, if you stay resilient, you can keep achieving. 

5. Jaswant Kular – Jaswant’s Kitchen Indian Spice Blend

When she turned 60, Jaswant Kular decided to create a range of spice blends that whisked kitchens worldwide on a journey to India. Her enterprise, Jaswant’s Kitchen, has become well-known for its authentic Indian flavors. If you have a true passion for your roots, then you can season the globe!

6. Mary Tennyson – Stash All

At 63, Mary Tennyson noticed that many people with walkers could not use purses. So, she decided to fix this. She created Stash All, purses designed for those using walkers that mixed practicality with a touch of elegance. Although it began as a personal problem, she later transformed it into an entrepreneurial victory.

7. Rob Urry – Kogalla

Unhappy with retirement, Roby Kurry, at 52, created Kogalla. This product is a creative lighting solution for anyone who likes being outdoors. Soon enough, his invention began to revolutionize exploration through its sheer creativity. His story shows that the adventure of entrepreneurship can happen at any age.

8. Nonna Nerina – Nonna Live

At 86, Nonna Nerina took her intimate cooking classes online, spreading Italian culinary magic across the globe. Buon appetito, world​​! She used her age-old wisdom for a new-age platform, proving that a love for life and cooking can create a recipe for success that can travel across generations.

9. Rowena Montoya – JulieAnn Caramels

Rowena Montoya turned her simple hobby into a thriving business with JulieAnn Caramels. She managed to keep her family together during her retirement while also creating a thriving business, even during tough times. Sometimes, the sweetest rewards come from our own passions and hard work.

10. Sonja Detrinidad – Partly Sunny Projects

With Partly Sunny Projects, Sonja Detrinidad used TikTok to create a community of plant enthusiasts and a blooming online business. Who says you can’t teach an old plant new tricks? All you need are the seeds of encouragement to cultivate your passion into a thriving business, no matter what season of life you’re in.

11. Carmen Hijosa – Ananas Anam

Ananas Anam is a company that introduced Piñatex, a vegan leather alternative, to the world. And it all came from Carmen Hijosa, a 60-year-old entrepreneur! She has repeatedly spoken about the importance of sustainability and entrepreneurship, showing that they are important at any age.

12. Ponnu Mami – Pickle Queen

In Kerala, Ponnu Mami’s passion for pickle-making blossomed into a successful business. She turned simple ingredients into jars of joy that brought a taste of India to every table. Clearly, it doesn’t matter when you start – as long as you have enough love, you can turn any passion into a recipe for success.

Dreams Never Die

These entrepreneurs are clear proof that dreams have no expiration date and that retirement doesn’t have to be the end –  it can be a grand new beginning instead! So, if you ever get worried about aging, just remember these trailblazers who used it as an opportunity for innovation and passion. Age is just a number.


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15 Smart Financial Decisions to Make Before You Turn 40

Turning 40 might make you feel like you’re under pressure to make all the right financial decisions as quickly as possible. But fear not! You don’t need to be Warren Buffet to make these right choices before you turn 40—all you need is a sprinkle of wisdom and a hearty dollop of determination. Whether you’re a savings superstar or a debt dodger, here are 15 smart financial decisions you should make before the big four-zero.

1. Embrace Budgeting

Forget what you know – budgeting isn’t just for accountants or Excel nerds. The right budget can be a lifesaver, as it can keep you from making unnecessary expenses and steer you toward your financial goals. You might be surprised at how much you’re actually spending or how much money you have left over!

2. Reduce Your High-Interest Debt

High-interest debt is one of the biggest obstacles to financial freedom, and there are some things you can do to stop it. Prioritize paying off these debts to reduce the amount of money you’re wasting on interest payments. This will free up more of your income for savings and investments, which can drastically help you on the way to financial freedom.

3. Build an Emergency Fund

If you follow anything on this list, make sure it’s this one! You won’t realize how important an emergency fund is until you have one. It’ll help you cover unexpected expenses without relying on credit cards or loans. You should aim to save three to six months’ worth of living expenses to give you a safety net for whatever the future may hold.

4. Start Saving for Retirement Now

Retirement might seem a while off, but the sooner you start saving for it, the better. Put some money into something like a 401(k) or IRA, especially if your employer offers matching contributions. These accounts benefit from compound interest over time, which will make your early contributions significantly more valuable. Start saving a small percentage of your income and gradually increase the amount as you make more money.

5. Begin Investing Wisely

Investing can be a powerful way to grow your wealth over the long term. We can’t tell you exactly where to invest your money, as that’s a completely personal decision. However, we do recommend speaking to a financial advisor to find out the best investments for your financial situation and personal goals.

6. Improve and Maintain Your Credit Score

A good credit score can save you thousands of dollars in interest over your lifetime. It’ll also help you get lower rates on mortgages, car loans, and other forms of credit. The best ways to get a good score are to pay your bills on time and keep your credit utilization low. You should also regularly check your report to make sure there are no mistakes.

7. Make Sure You Have Insurance

You might think that insurance is pointless. Sure, it’s more of a safety net than anything, but it’ll definitely help to protect your finances after unexpected accidents. Health insurance and auto insurance are legal necessities, and you should also consider life and homeowner’s insurance, too. Annually review your coverage to ensure it meets your current needs and doesn’t leave you exposed to any serious financial risks.

8. Think Carefully About Owning a Home

Owning a home can be a part of building wealth, but you should only do it when you’re financially ready. Is your job stable enough to cover the cost of one? How’s the local real estate market? Are you prepared (and willing) to handle any maintenance and unexpected repairs? There are a ton of questions to consider, and you should also be mindful of additional costs like taxes and insurance.

9. Practice Living Below Your Means

Another important thing to remember is to live below your means. Spend less than you earn and avoid unnecessary debt. In the short term, this might seem frustrating, but it’ll help you in the long term by allowing you to save and invest more. Focus on spending money on things that bring true value and happiness to your life.

10. Educate Yourself Financially

Nothing beats a strong understanding of personal finance.If you’ve got some extra time, invest it in learning on  https://cangafltd.com/ about things like budgeting and investing. There are plenty of free resources, like online courses and podcasts, to help you make informed financial decisions. You can even visit your local library to see if they have any courses running.

11. Avoid Lifestyle Inflation

As your income increases, you might be tempted to increase your spending proportionally – but don’t do it. You can avoid lifestyle inflation by maintaining a relatively constant standard of living, which allows you to allocate more money toward savings and investments. This will help your finances grow long-term.

12. Use the Power of Compound Interest

Compound interest essentially means you can earn interest on interest, and it’s more helpful than you might think. It can turn modest savings into a lot of wealth over time! Start saving and investing as early as possible to maximize the benefits of compound interest, which will help you to secure your financial future.

13. Explore Side Hustles

A side hustle can help your income, providing extra money that can be used to pay down debt or save. Look for opportunities that match your skills and interests. There are plenty of freelancing sites that you can sign up for to show off your skills. It can help you make money and, who knows – it could even become a new career or business opportunity!

14. Automate Your Finances

One of the easiest things to do is automate your financial transactions. Whether you’re paying bills, putting money into savings, or making investments, automating your finances means you’ll never miss a payment. This set-and-forget approach simplifies money management and will also mean you avoid late fees and penalties.

15. Network Effectively

Building a strong professional network can lead to new job opportunities and business opportunities you may never have dreamed of. Try taking part in online forums and community groups to widen your network. At the very least, you’ll meet some new people, and at best, you might form genuine relationships that could lead to financial opportunities.

In The Future

Clearly, if you’re trying to get financially stable before 40, there are several steps that you can take. But the most important thing to remember is that you need to plan proactively and be disciplined with your savings. None of these steps can guarantee you’ll get there on time, but they’re all steps in the right direction.

Can You Put Cryptocurrency in Your IRA? Study Shows Interest.

How’s your 401(k) or IRA doing? A typical 401(k) plan returns from 5% to 8% based on a portfolio of 60% stocks and 40% bonds and other conservative investments. If your retirement plan is not meeting expectations, you may be tempted by the high returns of cryptocurrencies like Bitcoin – but should you be wary of incorporating cryptocurrency into your account? [Read more…]