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Many Americans have discovered an unsettling reality: They don’t have enough assets to fund a comfortable retirement.
For these folks, our “conventional” investment recommendations aren’t enough. They’ll never achieve the high returns they require in the short time they have left.
If you’re one of these people, don’t despair. You have options.
The Wealth Builders Club contains an essay series for people in this predicament. It’s called “Retire Next Year.” In it, Mark shows subscribers how to forge otherwise “impossible” retirements. They do so by living in places where the cost of living is far below that of the U.S… but the quality of life is just as good, or better.
In the excerpt below, Mark shares one way to retire next year: Run an overseas bed-and-breakfast (a “B&B”)…
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Opening a B&B isn’t for everyone. But it does meet the requirements of a “Retire Next Year” occupation. For one thing, it’s something you can do in a year. It works best if your B&B is somewhere you’d like to retire—a tropical seaside, for example, or a mountain retreat. Another advantage is it doesn’t require any specialized skill or experience. There are three aspects to this business: selling rooms, managing the property, and hosting the guests.
Selling the rooms is much easier than you might expect. Managing the property—in most overseas destinations—is cheap and easy, thanks to the availability of inexpensive labor. And hosting the guests is something you can do—if you enjoy it—or delegate to someone else. Take retired art dealer Frank Stegmeier. In 1998, Frank bought 100 acres of Panamanian land for $17,000. He built a few cottages for friends to stay in when they visited. But as time passed, he decided to rent them out for extra cash. It didn’t take long for a small business to blossom. El Rio Encantado is now an in-demand art lovers’ retreat. Frank’s “office” is a tropical oasis, with lush gardens, hot springs, a river, and a waterfall. His customers are appreciative guests escaping the hustle and bustle of their busy lives. Frank’s fee: $70 a night in the rainy season and $110 during holidays. He entices guests with low prices while making enough to live comfortably. Sound a little better than your daily grind? |
Wealth Builders Club members can learn all the details of how to make up to $2,750 per week as an overseas B&B manager.
Now, we know some may find the idea of starting a new life overseas daunting…
If you need that last motivational push to get past your fears, watch the brief clip from Mark below. He describes the simple secret to his own internal motivation and radical success. Then, stay tuned for an important update on the Wealth Builders Club, which is about to close to new members…
