Outliving your superannuation - Hustler Daily Thumbs Up - June 14

Hello fellow Encore Hustlers

If my post from a couple of days ago "International retirement crisis is looming" was enough to motivate you to start an encore hustle then perhaps this Daily Mail article will.

According to a World Economic Forum report, Australians will outlive their superannuation savings by close to a decade.  Similar numbers, ranging from 8 to 20 years, are projected for six of the major economies - Australia, Canada, China, India, Japan, the Netherlands, the UK and the US.

In 2015 the World Economic Forum estimated a retirement savings gap of $70 trillion for those six countries but they have now issued a report with an estimate of $400 trillion by 2035.

So what will be your encore hustle to keep the hungry wolves away from your door a decade from now?

Cheers,
Mr. EH

Unretirement the Aussie way - Hustler Daily Thumbs Up - June 5

Hello fellow Encore Hustlers

Like I have pointed out in previous posts the unretirement movement has gone global.  Check out this story from Australia that profiles a few of the 180,000 Aussies that have retired and returned to work mostly for the same reasons we do in the North America: to have a sense of purpose, strengthen their social networks and of course the extra money helps.

The Aussie unretirement movement has even resulted in a wave of companies, like Transitioning Well, to help seniors make the move back to employment.

To the Bruces and Shiela's down under who might be reading this, have a fair dinkum day

Mr. EH

The Hustle High Five - Hustler News of the Week - February 1

Much of the country is indoors taking shelter from the polar vortex.  It's a good time to read this selection of curated stories related to Encore Hustles.

1)   Chris Farrell has written extensively on retirement and encore careers.  He has a new book Purpose and a Paycheck coming out on February 5th.  Here is an exert from his first chapter.  I highly recommend picking up a copy of this book.








2)   In Australia seniors are turning to Airtasker, which is similar to the American TaskRabbit, to earn extra money by performing a variety of tasks that others want outsourced: gardening, baking, handyman work and IT help.  Check out this story from Yahoo Finance of an Australian senior who has made $20K over three years by being an Airtasker.

3)   Read and watch this story of a 71 year old Nashville retiree who funds his bucket list goal of visiting every National Park by working 4 months of the year Amazon.

4)   It is a big decision when to retire, assuming you are not forced into it by layoffs or poor health.  Read this article from Canada, where 1 in 4 retirees regret retiring and want to go back to work.

5)   One of the reasons people consider an encore career is to pursue a passion.  Here is a story from NextAvenue of an aerospace executive, who at age 60, left corporate life to become a high school tennis coach in Chicago.