Phillips and Blow PC December 2019

How to Not Give Up by February 3 Tips for Keeping Your New Year's Resolutions

The Joys of Starting a Business After You ‘Retire’ There's No Expiration Date on Entrepreneurship

It seems like most people who make New Year’s resolutions fail to keep them. Though we might try to create goals that are both challenging and realistic, our resolutions often come up short every year. The gym membership goes unused, that shelf full of books remains unread, and there’s still plenty of junk food in the pantry. What can we do to make those resolutions stick? MAKE BABY STEPS Creating a game plan is a part of any successful attempt to achieve a goal, and New Year’s resolutions are no different. Is your resolution to exercise more? Maybe instead of trying to go to the gym every day, you could try going two or three times a week. You could also find physical activities you already enjoy doing and try to do them more regularly. Keeping these baby steps in mind makes the major resolutions we set seem more achievable. TALK ABOUT IT WITH PEOPLE Not only can family and friends support you in achieving your goals, they can also hold you accountable. For example, if you resolve to eat healthier next year, it will be a lot easier to do that if your whole family knows that’s your goal and can help you stick with it. If you don’t tell anyone about your goals, it will be a lot easier to just quit. REMEMBER YOU’RE NOT PERFECT Mistakes and shortcomings are common on any road to successfully achieving a goal. So, if you ate a slice of cake and broke your diet, or you haven’t read that book you committed to read, don’t despair. There’s no rule that says you have to quit after you mess up. Pick up where you left off and carry on. As you put together your New Year’s resolutions for 2020, why not add planning your estate to the list? If that’s one of your goals already, we at Phillips & Blow are here to not only hold you accountable to it, but also to help you along the way. Give us a call at 303-741-2400.

As a nation, America is getting older. By 2030, 20% of Americans will be 65 or older. With people living longer than ever before and the baby boomers approaching retirement age en masse, older adults will continue to have a massive impact on the American economy at large. Normally, we think of seniors as people who cash in on the hard work they’ve already accomplished. Many young people even worry Social Security will be wiped out by the time they reach retirement age. But who’s to say older adults can’t contribute to the economy? If you’ve ever tried to change jobs late in your career or pick up some part-time work after retirement, you know it’s hard to be hired as a senior. Quartz recently called seniors “the economy’s most underused natural resource.” Until more employers understand the value and potential of older workers, entrepreneurship remains the most viable avenue for seniors wanting to work after their primary career has ended. There are a number of reasons why seniors find creating their own business to be rewarding and why they tend to succeed when they do. Unlike younger people, who often become business owners in an attempt to make a fortune, older entrepreneurs can be content with small, sustainable micro-businesses. They also approach their businesses with a wealth of experience that can’t be purchased. As a result, 70% of ventures founded by older entrepreneurs are still open five years later, more than double the rate of the general population. With so much potential to be found in senior-run businesses, it’s no surprise that organizations are rushing to empower older adults with the tools they need to succeed. Senior Planet, a coworking space for seniors with outposts nationwide, teaches classes on skills like website creation in a space that makes older learners feel welcome and comfortable. On top of being an important economic driver, entrepreneurship can be a wonderful way for seniors to generate meaning and value in their lives. It’s never too late to start the business of your dreams.

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