Let’s introduce you to our good friend Sharon Lechter, best-selling author, a successful entrepreneur and the premier financial literacy expert. She’s passionate about wealth creation and entrepreneurship and particularly for those entering a new chapter in their lives.
As kids, we were told, “the sky’s the limit!” and “you can be anything you want to be!” But as you grew up, you slowly started to put limitations on yourself. Life happened and you got into debt or thought that you were never going to make enough money to do what you really wanted…but the dreams didn’t go away ~ Sharon Lechter
We’re here with Sharon to re-ignite those dreams and give you some words of encouragement from our many years of experience
We began the interview by asking for her to comment on a statement made by one of our previous guests Robert Laura who we spoke to earlier this year on the Living The Retirement Lifestyle Podcast
I believe starting a business for retirement will become one of the biggest concepts in the 21st Century”
“I think more people particularly with what’s going on in the world this year are understanding that they need to be in control of their own lives. They need to be in control of their own financial lives and it’s easier if you have assets (assets are sexy she says!)
Too many people chase money. I say invest our time into buying, building and creating income producing assets because when you have assets that are generating revenue for you, retirement is no longer a problem for you. When you have assets working for you then you get back time and that allows you to enjoy your later years”
Naturally we talked about a lot more things and had her answer some wonderful questions submitted by our friends and subscribers
“What should I look for when starting my business? When I search for ideas just about everything I see seems too good to be true and I’m totally confused” –
John from the UK recently retired after a successful corporate career and wanting to do more in his retirement. He’s also conscious that his pension may not outlive him so he wants to do something worthwhile and generate an additional income
At 6:14 Sharon answers his question suggesting he looks at what she calls the personal success equation. When you’re trying to figure out what business to invest in it’s good to look at your passion and your talent. Your passion can be something you love or something to get mad about. She uses her own example to explain ” my passion was I was mad when teaching kids about money. My talent was my accounting background and all of my publishing background.
The success equation in Three Feet From Gold will show you how this works
Combine Passion, something that makes your heart sing, with Talent, something you excel in by the right Association with successful people or organisations, and Action concrete steps you can take toward your goal, and then add your Faith, the unwavering belief in yourself, and you will have your own unique Success Equation
You can download your gift from Sharon PersonalSuccessEquation.com
It will help you walk through your own personal success equation and challenge you on things that you might want to do
Today successful businesses solve a problem or a need. We have a lot of problems today and a lot of needs. So we have a lot of opportunity. Most people see them as obstacles but you can turn these into opportunities. Train yourself to recognise how you can solve a problem or serve a need and then you’re going to help a lot of others as well as helping yourself financially!
We couldn’t agree more because after all that’s how we’ve run our business the past decade helping people in or approaching retirement start an online business to fill the income gap and have the lifestyle goals they set for themselves way before they reached retirement.
The second question was from Sue who is 75 and has time on her hands but would like a little more money to supplement her retirement savings. She asks
“Am I too old to start a business?”
It’s never too late to start a company, to start investing in real estate, to find that next step to take you to where you want to go
We also discussed how the current pandemic that it raging through the world and affecting economies can provide opportunity provided we remember that any business that is started should solve a problem and serve a need while helping you financially
The burning question that so many ask of us during calls relates to separating opportunity from what we call shiny object syndrome. Sharon wrote a wonderful article on this which she summarised on the call and we’ll cover this in another article
There really were so many golden nuggets offered during the interview in the 30 minutes we were together
Trust us you really are only three feet from gold!
When you face adversity in your life, keep going let nothing stop you! No matter what your age or background you come from everyone can be a success!
And if like us you love the idea of an amazing experience vacation you can check out her ranch at Cherry Creek Lodge
Thanks for joining us and if you haven’t yet read our book you can download it with our compliments at LivingTheRetirementLifestyle.com
Thanks for reading You Are Only Three Feet From Gold
Chris and Susan