If you’re 50 or over you’ve likely started to think about how you’ll be positioned for retirement. If not, you probably should. Doing so can be a little stressful which is why some may avoid it. Don’t let that stop you though. There are ways to enjoy a great retirement lifestyle without a huge nest egg. Even so, you may discover that what you have saved isn’t going to quite cut it. But starting to earn an extra $500 a month for retirement is powerful. And we’ve got a great way for you to do that.

In today’s economy, an extra $500 a month may not sound like a lot. Especially if you only have 10 years or less before you want to retire. But it can help you pay off or pay down the mortgage, or purchase a motorhome, or be able to retire a year or two earlier. However, you should start as soon as possible.

Save an Extra $500 a Month

I discovered an easy retirement savings calculator. You just have to plug in a few variables to get a quick look at the numbers. Here’s a few examples of what an extra $500 a month can do for you.

If your current age is 50 and you retire at 67, you’ll have $102,000 more in your retirement savings. Invest that in the stock market and get the average annual return over the last 10 years of 15%, to grow it to $362,000.

If your current age is 55 and you retire at 67, you’ll have $72,000 more in your retirement savings. Invest that in the stock market and get the average return of 15%, to grow it to $127,301.

If you’re 60 and you retire at 67, you’ll have $42,000 more in savings. Invested in the stock market at the average return of 15%, it will grow to $73,564.

Time for a Side Hustle

You can see that saving an extra $500 a month for retirement is powerful. But if you don’t have an extra $500 to save currently how are you going to accomplish that? Like millions of people in this economy, especially in light of Covid-19, you should find a side hustle. Something you can do part-time from home.

There are literally thousands of side hustle opportunities out there. Think about your passion and your skills. Then use Google to look for something that suits you. If you like talking to people and have even a small amount of sales experience, or are willing to try selling, the opportunities are endless.

What's Important to You?

In addition to your passion you probably want to focus on a few other things as well. Make a list of what's important to you. Here are a few examples to get you started:

  • It has to be in a growth industry
  • I want to be able to work from anywhere (home, while traveling, etc.). If I have my laptop and cell phone I can make money
  • It has to to be something that helps others
  • I have to be able to work on my schedule (nights, weekends, a few hours in the afternoon, etc.)
  • I don't want my income to be limited. If I choose to make more then $500 a month I want that opportunity.
  • And more that may suit your desires

Why We Chose What We Do

Everything on the list above is just some of the reasons we chose to do what we have been doing for the past 8 years. Other attributes include that it had to be entrepreneurial. We needed and wanted time freedom and independence. Translation...no boss or anyone to answer to. Some people desire a boss and thrive on being directed.

The message here is that if you're going to take on a side hustle to bolster your retirement fund, with the number of opportunities available, there's no reason why you can't map out what you truly want.

Do You Know People in Real Estate or the Mortgage Business?

If you have experience in real estate or mortgage, or through past endeavors know people in real estate or the mortgage business, I have a side hustle business for you. It’s my full-time business and I am looking for people like you to become independent agents and talk with people in real estate or the mortgage business about helping their credit challenged clients to buy a home.

This is not an employment opportunity. It’s a business that many have as a full-time career. But you can simply use this vehicle as a part-time side hustle to earn an extra $500 a month for retirement. There is an initial $288.00 start-up fee and an $89/month payment for services until you have 5 clients. Then the monthly fee is waived.

Our business is credit restoration. Very few people are educated about credit and what it takes to have a good credit score. Quite often they talk to a real estate agent or mortgage broker about buying a home but discover they can’t qualify for a mortgage loan due to their credit score. That is lost business for that real estate agent or mortgage professional.

Getting Clients is Fairly Simple

One of the main ways we find clients is to talk with real estate agents and mortgage professionals and get them to refer us to those clients. They’ve got nothing to lose at that point so it’s a fairly easy conversation to get them to start referring their clients to you. The prospective home buyer that just got denied is usually very motivated to improve their credit score so the sale to them is also not difficult either. It’s about a 20-minute phone conversation. You input the client’s information into our system, and you’re done. From there, our corporate office staff takes over to deliver the services to the client.

Credit Restoration

There are many ways we help a consumer improve their credit score. Usually, we work in one of two areas, or both. We determine if they have erroneous, obsolete, or unverifiable items on their credit report. If so, we attempt to get them removed using federal consumer protection law.

However, there are also several ways to help someone build positive credit. Many times we can boost someone’s credit score by adding one or more positive accounts or tradelines. If they rent, we can get their monthly rental payments added to their credit report as an example. Another way to build up a credit score is to coach the client on paying down their revolving debt balance compared to their limit. This results in an instant credit score boost.

But this is the part that is done by our staff and the services provided online to the client. We just need people like you to make the connection with real estate and mortgage people locally and nationally. Then talk to the client who just got denied a mortgage.

A nice benefit to this business is that you can travel and still make a few phone calls to keep your income flowing. We have traveled all over the U.S. and camp quite a bit. We run our full-time business while traveling and still have plenty of time to enjoy ourselves.

An Extra $500 a Month

For every person that becomes a client, you earn $100 for that sale. In addition, you get $12 a month when the client makes their monthly payment for service to the company. If you get just 5 new clients a month, you earn your $500. The next month is you do the same, you receive $560 due to the residual from the previous month's sales.

If this is of interest visit my business site at ERA Credit Services and watch a 30-minute video on that page. Keep in mind that this video describes our entire business as potentially a full-time career for folks. You’re just looking for a part-time way to earn an extra $500 a month. Then, if you like what you see, you can book a phone appointment with me. I’ll explain things further and answer your questions. Let’s see if this is a good fit for you. If so, you’ll be helping me expand my business and I’ll be helping you retire better or even retire earlier.

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