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Senior Start-Ups, Side Hustles, & Chat w/Dawn Starks

Senior Start-Ups, Side Hustles, & Chat w/Dawn Starksdonna kastner
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Show Notes for Episode #29…

Hot-Topic #1: 60-Something Start-up

There’s a great TED talk titled: How I Became an Entrepreneur at 66.

In this talk, Paul Tasner shares a story that starts just a few days before Christmas in 2009.

It’s Friday afternoon at the office. Paul is Director of Operations at a consumer products company in San Francisco. As the business day winds down, suddenly Paul is invited to an unexpected meeting…

Sadly, this unexpected meeting becomes his exit interview. Quite a few others were let go that same day, but Paul’s exit was particularly stinging – he was 64-years-old. Forty-plus years of continuous employment for companies large and small and now it was over.

But there’s a happy ending, as this prompted Paul to launch PulpWorks – a business that’s now thriving. He also shared a couple of powerful takeaways at the end of his talk:

  • Entrepreneurs age 60 and older have a 70% success rate. He says, “We’re like the Golden State Warriors of entrepreneurs!”
  • While there were many helpful resources out there for him, the one thing he longed for most that was lacking? To connect with other first-time entrepreneurs his age

Happily, that’s a need we’re tackling.

Hot Topic #2: Side Gigs, Savings and Retirement

Side hustle gigs are catching on with the elder segment and we shared an excerpt from a recent segment airing on WBNS 10TV News in Columbus, OH.

A few noteworthy Gig Economy stats referenced in this segment:

  • More than 1/3 of those working side gigs call out “insufficient savings” as their #1 concern
  • 65% of those age 35-44 are side hustling to boost their retirement nest egg
  • 76% of those age 55 and older putting side-hustle money earned directly into retirement accounts

Joining us at the Retirepreneur Watercooler…

Meet Dawn Starks

She’s been a financial planner for more than twenty years. In the early days of her practice, she hosted a call-in radio show in Asheville, NC called Money Matters. Now, with SimpleMoneyPro, she’s continuing to share her valuable insights on her blog,  podcast, and through soon-to-be released online courses.

Be sure to check out her website for a wealth of great information: www.simplemoneypro.com

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