Why Bankrutcy Filing For Senior Citizens is On The Increase

Seniors are living longer today than ever before, so how could this ever be a problem. The longer seniors live the problem begins when more and more outlive their money. Plus any catastrophy can change long range retirement planning irreversibly no matter how well thought out they may be. The what-ifs in life, and for seniors in particular, are always ready to pop up their heads and scare the tar out of us. But for seniors it could be a catastrophy simply because time and money are in short supply for us,or at least, spoken for.

What are these what-ifs.

They range from the need for long-term-care to the death of a spouse. These what-if's could keep you awake at night and are hard to plan for. According to the AARP, 60% of thoes over 65 will need some kind of nursing home or home health care services at one time or another. These costs can range between $150 to $170 per day with an average need of just over 3 years. How well can you plan for that when the cost of health care is going up at about four times the rate of inflation.

What happens if one spouse dies after that. Its been said the average couple is broke after 13-14 months of nursing care. This means the surviving party has now lost their independent living ability and must depend on friends or family and sometimes charity to survive.

What do we do? Well at this rate, the job application for Wal-Mart and McDees will be as competitive as trying to get into some collage. As per a survey done by "Financial Literacy Survey" 1 in 5 people felt they would have to work till they drop. They fear they will never be able to retire.

Now, I don't really think that not wanting to retire is a bad thing, as long as its your choice. Looking at seniors who have had a long life, I think you would find that most have been working long after retirement age. To keep going, we need a reason to get up and get out to maintain that feeling of self worth. We need to stay active. But I don't want to wait in line for that Wal-Mart job application.

This is why myself, and many seniors are turning to the computer and the internet. Even Blogging among seniors is on an increase. We can be 80+ and in a wheelchair but if we can still roll that sucker up to a computer, can see the keys, and have at least one finger to shake at the world, we can be in business.

Now, normally it can take years to create a profitable business,online or offline. You need to create an audience and that can take time. There is just no way around that. The old way of doing it took a ton of time and money which is in short supply for us. Many senios are on fixed incomes and time speaks for itself. But it's a fact. I have had two open heart operations plus a pace maker. So, how much time do I have, I thank God for whatever it is. But, I will be sitting at this computer at the end and that's just fine with me.

This thing called "Attraction Marketing" has made all that I am doing possible. Why? because this system does not take a ton of either time or money to be successful with. Most of what you are taught is free or very low costs. When done properly, you can be well on your way to your goals within a very short time. Whatever your goals are and that's within months and not years trying to do things any other way.

You are taught how to create that audience of people interested in what you are doing and what you have to say. People will be looking for you. You will be the hunted and not the hunter. Can you imagine how much quicker your business and income will grow if you only need to spend your time and money on people who came to you and said "I like what you are doing and want to join you". This is what attraction marketing will do for you.

If you're anything like me and want something to suppliment your income or want to create a new business, something you can show your family and pass on, then you need to learn attraction marketing and get started.

It may look overwhelming at first. Just remember you don't need to know everything. Pick something out and learn it and get started. The rest can be learned on the job at your own pace. Don't forget, by using the attraction marketing system, people will be looking for you and not you looking for them.

Thank You!

Jerry