Having another source of income can be the difference between eating at home and trying to eat at a shelter. Working from home is becoming more and more popular than trying to find a 2nd/3rd job outside the home that will work around your schedule. I personally have known for many years that clocking in on a job and hoping my boss wasn’t in a ‘firing mood’ was no way I wanted to live.

Many will know authors including Richard Poe, Mark Victor Hansen, Bryan Tracy, and Robert Kiyosaki have extolled the virtues of a home business. Check out the following three big reasons why home business should be for you:

You set your own hours

Work your home business part-time or full-time

You create your own income

Based on how much you devote to your business. You decided when you get a raise and helps you achieve your set goals.

You determine your career path

Did you know that half of all self-made millionaires run their own business? In. J Paul Getty’s book “How To Get Rich”, his first rule for is, “You must be in business for yourself. You will never get rich working for someone else.”

This may be the reason why someone becomes self-employed in America every 10 seconds and why in the past 14 years alone, the numbers of these businesses have grown for 6 million to 37 million And guess what? There is no slow-down in sight. In fact, an estimated 8483. Home-based businesses open daily.

As well as what has been just stated check out these economic facts:

At age 50:

75% of the population has less than $5,000 in the bank for retirement.

 At age 65:

45% of Americans depend on relatives.

30% depend on charities. –

23% are still working (most can’t afford to quit and work until they are no longer physically capable).

Only 2% are self-sustaining.

The Bureau of Labor Statistics also states:

Out of 100 people that start working at the age of 25, by the age of 65:

1 is wealthy.

4 have enough money to retire.

63 depend on social security or charity.

29 are deceased.

One of the most disheartening statistics is this:

95% of people, age 65 and over cannot afford to retire and work until they die.

More and more people are getting tired of corporate jobs that take too much of their time, robbing them of much-deserved time with their families and loved ones. Quality time is fast becoming passé – more people want to have the quantity of time to spend with their families.