What’s This

Monthly Income Target (£)

I want you to follow my journey to living a rewarding retirement. For the next 12 months I will lay bare what I earn from Seniorprenuer so you can see for yourself. You can see my monthly targets in the graph above and outlined below.

INCOME TARGET GOAL: £1,000 per month
INCOME TARGET (LAUNCH MONTH): £1.00 during September 2014
TIMEFRAME: 12 months starting 1st October 2014

Q: Your targets seems low?

Maybe they are, maybe they aren’t. What I do know is it’s a real target that I’m hoping any retired or retiring person, like you, can achieve. I’m not professing you will make millions, maybe you can, but what I am suggesting is we can all leverage our life and start creating the retirement we imagine.

Q: How could £1,000 per month change my retirement?

Given the government basic State Pension is £113.10 per week (~£452pm), the amount I’m aiming to make each month is over double. Even if you’re comfortable in retirement imagine what an extra income could do for you? More holidays, spoiling the grandkids, financially assisting your children, nice meals out… the list goes on.

Q: Living a rewarding retirment isn’t just about making money, right?

100% correct! Focusing on external rewards such as money may help for a little while, but if you really want to create the retirement you imagined you need to dig a little deeper. I recently finished reading Search Inside Yourself by Google engineer, Chade-Meng Tan. He runs Google’s mindfulness-based emotional intelligence course and is a sought after international speaker. Apart from it being on your “must read” list it continually highlights the importance of living by your values, or what you stand for.

In the book Chade-Meng highlights the framework used by Daniel Pink, another best selling author, on how we can all become more closely aligned with what we stand for and what motivates us. Here’s the three point framework and how it fits with my Seniorpreneur venture.

1. Autonomy: The urge to direct our own lives

Retirement is great, but it also comes with a hidden danger, no purpose. Very quickly you can lose track of days – Monday can become Wednesday, Thursday becomes Saturday. There is no where you need to go and no where you need to be. This good for a while, but it can also cause us to lose a sense of self. We may have finished working, but we haven’t finished living. Now is the time to look inside yourself and work out what makes you tick, what will truly make you happy, what have you longed to do? For me it was to run my own business, albeit a small business.

2. Mastery: The desire to get better and better at something that matters

I would call this the fire in the belly, the reason you get up in the morning. We all need this. Seniorpreneur fills me with the desire to hone my skills. Each day I learn something new, I talk to people in our community and reach out to others who are willing to share their knowledge. For you it may be creating your own business too or it could be selling everything up and travelling the world or being the best grand parent you can possibly be. It’s what matters to you.

3. Purpose: The yearning to do what we do in service of something larger than ourselves

Something larger than ourselves. Hmmm, well Seniorpreneur isn’t all that big. Maybe it will be one day? In a nutshell, I feel this means to give something back as an ongoing gesture of good will. Why would this be important? Because it makes us feel good. For me if I can create a community which can help and assist seniorpreneurs embark on their own journey to creating the retirement they imagined I will have achieved what I set out to do.

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