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Even With No Retirement Savings, Semi-Retire 10 Months From Now, Whatever Your Age

If this sounds too good to be true, rest assured that many of our graduates are enjoying the benefits of working just a handful of hours a week and enjoying a comfortable income. This isn't some trumped-up get-rich-quick scheme. This is Accounting, one of the fundamental services that every business by law must perform. They must either do the task themselves, or find someone to do it for them. Most small businesses would prefer to hire you to do their books. You will love earning $35 to $50 per hour doing it. Read on and see how to get control of your financial future and to make most of the hours in your day free time. This will free you to do whatever you love to spend time on when you don't have to work. A recent retiree that I know described it this way, "It's like having entire weeks of Saturdays."

The Only Realistic Fast Track to Early Retirement

For those of us without rich relatives or lucky lottery tickets, our best bet, and likely our ONLY real chance, for early retirement is self-employment. If you are on a traditional career track, if you work harder and smarter, you will still have no opportunity of earning sufficient money through raises to retire more than a few years early. By contrast, look around you at the few people that you might know that have retired or semi-retired early. The overwhelming pattern that you will find is that they most of them are entrepreneurs that started a successful business.

Why Do More Business Owners Retire Early?

There are two major reasons that business owners often retire early:

They make sufficient money at their business to live off their savings and the interest that money accrues
They hand management and the running of the business over to someone else and continue to enjoy a great revenue stream

Let's explore the two possibilities.

Make Sufficient Money to Live Off Savings and Interest

When you work for a company, the work that you do makes money for them. Period. Business owners feel that an employee is profitable for them when the employee contributes 2-5 times the amount that the company pays them in wages, benefits, and other costs. When you work for yourself, you get that entire benefit. If your salary was 2-5 times as much as it is now, could you put more away for retirement? Of course you could. Working at a job, you save for retirement ... your company owner's retirement. If this seems a bit unfair, it may be, but you can turn things around and be the one whose pockets your workers are putting money into.

Have Someone Else Do the Work While You Reap the Rewards

One really terrific thing about running your own business is that you get to keep all the profits for the work that you do. What's even better is that you can keep most of the profits for the work that OTHERS do. So why is that fair? Because you had the gumption to blaze your own trail and leave the perceived safety of a corporate job. But that safety is just that ... perceived. The reality is that when you run your own business, you are the most valued employee. Not convinced? Then ask yourself this: If the company that you work for is having financial problems, who is the last one the company will let go? The business owner himself, of course. So if you think that you have more security working for a big company than working for yourself, think again. Big companies make up the majority of layoffs that have occurred over the last few years. By contrast, the small business sector has continued to grow.

The secret that business owners would rather you not know is this fact: Of the businesses that practice the most basic business common sense, the MAJORITY of them succeed and stay in business. The Professional Bookkeeper program teaches you step-by-step how to avoid the pitfalls that limit your business. It teaches you how to market your Accounting and Bookkeeping service and get paying clients quickly. Because it is a proven method of starting up an Accounting and Bookkeeping service, almost without exception, every graduate of the program that follows the process for getting paying clients succeeds. The Professional Bookkeeper (PB) program has an incredible track record, so you can know that you too will be profitable when you follow the course recommendations. So many others have successfully done it that it is a well-trodden path that you will travel to financial success and freedom.

How Much Can You Make Managing Your Accounting Service?

The average small-business client will pay you $300 per month. In return you will spend just 6-8 hours each month. If we do the math, that comes to between $37.50 and $50 per hour. You can find someone to do basic Bookkeeping and data entry for around $10 per hour. So, if you have someone else do the day-to-day work, you will make $27.50 to $40 per hour from the work that THEY do for you (after paying them their $10/hour). Since it takes 6-8 hours per month to service a client, your cost will be $60-$80 per month (at $10 per hour) to hire someone to do the work for you.

Now take the $300 that the client pays you and subtract $80 (worst case scenario) to pay your bookkeeper. You discover that you will earn $220 per month per client, even after paying someone else doing all the work! So let's take a minute and find out how many clients that your Accounting and Bookkeeping service needs to provide sufficient income for you to become semi-retired. When you semi-retire, you will only spend a few hours per week managing your business. The chart below shows monthly income based on the number of clients your business services.

When you have worked your business up to 20 clients, without hiring any outside help, you will make $6,000/month ($300/month * 20 clients). With a $10/hour Bookkeeper doing the work for you, you can see by the chart above that you will make $4,400 per month (after paying your bookkeeper). For many of us, $4,400 per month represents a great income. You will only need to spend a few hours per week finding additional clients and your bookkeeper(s) will do the rest for you.

Contract Bookkeepers: Proficient Workers Without the Hassle of Employees

Here's another secret as well: You can have your bookkeepers work from home. That way, you don't have to pay for an office, a computer, or other expenses. Since they work on their own, they count as contractors. You now don't have to pay the "business share" of their payroll taxes. They are independent contractors, so they will handle all of that. This saves you a lot of money and most of the hassles involved with hiring employees. When you pay someone to put tires on your car, you are not employing the person that does the work. The tire service does. In the same way, you will outsource your labor to a bookkeeper. This makes them just another service provider, not an employee. You will also be providing much needed jobs to stay-at-home moms or accountants that need side income. Your clients get their bookkeeping done by a qualified bookkeeper. Everyone wins.

When you graduate from the Professional Bookkeeper program, you can now have your bookkeepers use your course material to hone their own Accounting and Bookkeeping skills. That way, they can take on more and more of the tasks that you would have to do yourself. Modules 1-3 of the Professional Bookkeeper course teach the entire Accounting process. You can use the chapter quizzes to test a bookkeeper's knowledge of small-business Accounting and Bookkeeping during the hiring process.

Your Best Workers May Already Be Under Your Own Roof!

Your spouse can also take the Professional Bookkeeper course and help with your family business. Your spouse will work with you to build your successful Accounting and Bookkeeping service and reap the rewards right alongside you. At least as important, since they are part of building the business, they will give support and encouragement. You can now take more clients and earn even more income.

If you have a teenage child, they can also learn valuable Accounting and Bookkeeping skills. What's more, the money that you pay them is now a business expense, and is tax deductible in most cases. Wouldn't it be nice for allowance for your children to be tax-deductible? If you have teenage kids, you have a great opportunity to teach them a marketable skill that they can use their entire lives. Those skills give them a great income to go to school on. They would probably prefer to work for $10/hour for you than $6/hour flipping burgers and you will love the tax break!

The Realistic Fast Track to Early Retirement or Semi-Retirement

If you need $4,400 or less per month in income, the chart above shows that you need just 20 clients to make that money. This is even after paying a bookkeeper $10/hour to do most of the work for you. Module 4 of the Professional Bookkeeper program teaches you the marketing skills you need to quickly and easily find profitable clients. Following the simple step-by-step methods outlined in this module, you can get 2 clients or more each month. In 10 months, you will have the 20 clients that you need to net $4,400 per month after paying a bookkeeper $10/hour. A very large percentage of our graduates already have 1-2 clients even before they finish the PB program. You will discover how easy it is to find clients with very little effort.

Since you can hire out the bookkeeping work, you don't need to stop at 20 clients. 20 clients is the amount of clients that one person can handle working full-time. Using one bookkeeper, you can go out and find another 20 clients. This brings your monthly net income to $8,800. All you had to do was do a bit of marketing as you go about your day-to-day interactions with your grocer, hair stylist, tire store, and so on. And once you get a client base, it is easy to get more. Just ask one of your satisfied clients for the names of others they know that need your services. Their network of those they know at church, in clubs, or other businesses they deal with extends the reach of your marketing efforts. You then find even more clients by customer referrals!

So, what were you planning on doing with your life 10 months from now? Retirement was probably not on your list, but it can be. Many workers approaching retirement age express that they really don't want to retire fully. They want to continue to keep a few projects on the side and to make some additional part-time income. That way, they continue to feel a purpose in life so they don't stagnate. If you want to fully retire, once your client base is established, you can even hire a part-time manager to run your business. This frees you to live the lifestyle you want, whether that includes travel or just spending time with family and friends. What a successful Accounting and Bookkeeping service gives you is OPTIONS. It provides true financial independence for you and your family.

You Can Do This!

So what are you waiting for? Your financial future is in your own hands. When you start your own successful Accounting service, your success is your own. If you can find the courage to take the first step, we will give you the tools, support, and training you need to start your own profitable accounting and bookkeeping service.