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BOOST your RETIREMENT savings with EBAY!

by: jcornisellbooks1( 2173Feedback score is 1000 to 4,999) Top 1000 Reviewer
3 out of 4 people found this guide helpful.


                                                                  

With all the news about how much younger people will have to save and Social Security being phased out, there is greater pressure on the average person to save even MORE for retirement.
         My husband and I were not immune to these concerns but we have helped boost our savings by using Ebay. By the way, even SMALL sales add up. Take a look at this related Guide:
                                             Small sales add up to BIG savings
                         and see how only $15.00 a week (after all fees, taxes and other expenses are figured in) in profit can add up to a LOT in time. Start now and face a brighter future in your RETIREMENT:

                        HERE'S A GUIDE TO DOING IT RIGHT:
1.
First of all get all the information you can about retirement costs and have a goal for when you plan to retire. Many books on Ebay can help you out. Search under the keywords Retirement Books and Retirement Planning . Financial magazines, journals and newspapers will keep you in touch with the most recent information as well. Many doctors say that future retirees may be spending as much as 200K on health costs (!) so read about longterm health care as well health insurance information . Know how much you'll need to save. Know how much your company pays and if they have a company match. Now you have something to go on and can plan how much more you need.

2. Network with other Ebayers on Ebay's Discussion Boards Discussion Boards where you can find people who may also be using Ebay to boost their savings or get an idea of what you could sell...and how to do it successfully.

3. Take advantage of your years of learning a skill or practicing a hobby to start a niche business such as bookselling
or some other craft or hobby. I sell books and it has helped a great deal to boost our retirement earnings. As noted above, Small Sales can add up to BIG savings over time - and with compound interest!

4. If you already have a full-time job, think about selling on weekends or part-time on Ebay. Don't feel like it has to be all or nothing; you have to balance it all -work, home life, etc.

5. Have a business plan and set some goals. Once you start selling a certain amount per week, try upping that a bit.

6. Put all your Ebay profits into savings, if you have another source of income.  If not, figure out what you CAN save. Every bit counts!

7. Think about whether you plan to downsize in retirement. If so, why not start selling what you won't need or can't take with you now? Sure could save a lot of time and energy later. While you are add it why not investigate possible homes such as Small home plans  and Small space decorating

8. Start selling. Be sure you have learned the basics of listing accurately, providing clear descriptions and photos and customer service. If you have questions Ebay live is always there to help as are the many people on the Community Chat and Discussion Boards. 

Have fun and have a more financially fit retirement!

Guide ID: 10000000002113178Guide created: 10/11/06 (updated 12/29/07)

 
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