rrrr
Well-Known Member
- Joined
- Dec 19, 2007
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With all of the recent discussion on RDP about money, inflation, housing, and retirement, I have decided to implement an additional income stream to my Social Security, 401K, and interest and dividends accounts.
Because of my significant orthopedic issues and the onslaught of systemic arthritis diagnosed as Diffuse Idiopathic Skeletal Hyperostosis (DISH is a condition characterized by bony proliferation at sites of tendinous and ligamentous insertion of the spine and other joints affecting elderly individuals), at the age of 52 I was forced to quit working and accept the fact I have a rather significant disability. The years of one's greatest income potential occur between the ages of 50 and 65. In my case, the loss of income during those years created a large deficit in my planned retirement funds accumulation.
To offset that loss, going forward I've decided to maximize my earnings potential by engaging in a self employment effort that does not require strenuous physical labor. It also allows me to set my own work schedule and hours, and the income is totally tax free. Setting up the business didn't require large initial fees or equipment purchases, and there aren't any licensing requirements for the profession I have chosen to pursue.
I would appreciate it if RDP members would take a look at this business plan, and provide any comments or helpful suggestions that come to mind. I have included a preview of the core business model below. Thanks for your help in determining the feasibility of this endeavor.
Because of my significant orthopedic issues and the onslaught of systemic arthritis diagnosed as Diffuse Idiopathic Skeletal Hyperostosis (DISH is a condition characterized by bony proliferation at sites of tendinous and ligamentous insertion of the spine and other joints affecting elderly individuals), at the age of 52 I was forced to quit working and accept the fact I have a rather significant disability. The years of one's greatest income potential occur between the ages of 50 and 65. In my case, the loss of income during those years created a large deficit in my planned retirement funds accumulation.
To offset that loss, going forward I've decided to maximize my earnings potential by engaging in a self employment effort that does not require strenuous physical labor. It also allows me to set my own work schedule and hours, and the income is totally tax free. Setting up the business didn't require large initial fees or equipment purchases, and there aren't any licensing requirements for the profession I have chosen to pursue.
I would appreciate it if RDP members would take a look at this business plan, and provide any comments or helpful suggestions that come to mind. I have included a preview of the core business model below. Thanks for your help in determining the feasibility of this endeavor.
