Retiring is something that we all leave to think about far too late which is why the majority of us retire broke, with barely enough money to put food on the table.
Not much of a life to have worked your butt off then be confined to your house because you cannot afford to go out.
To have any sort of a chance you really need to have been putting money away for ¾ of your working life even then there are no guarantees that interest rates have coincided with inflation and you have made any interest worth its future value.
So what is the answer to how to retire wealthy? Simple, you need to build residual income.
This is the function of building an income in your working years that is going to still pay you a full time wage even after you retire.
Even if you only have 10 years left until retirement it is not too late you can still build a reasonable business in that time.
Now I am going to tell you about multi level marketing and how it works.
Imagine a company has a very good product that they want to sell to the Joe public but they don't want to spend millions on advertising.
These companies use sales people to sell the products for them for commissions, multi level marketing has the added bonus of allowing the sales people to recruit additional sales people and receive commissions of what they sell as well.
A good multi level marketing company will allow you to earn commissions from infinity of recruitment levels.
You can see how this type of business can snow ball and keep snow balling even after you retire.
This is known as residual income and should be the aim of anyone wishing to have an enjoyable retirement.