Many Australian Seniors and Retirees have recently stumbled onto a little gold mine in their own back yards.
Seniors who own their home, have discovered that they can now make use of new online services to help them rent out unused space to people seeking storage space. They can earn a steady passive income to help supplement their superannuation or pensions whilst they enjoy their retirement.
Managing Director of space sharing website Spaceout.com.au, Damon Russell says - ‘We have been inundated with enquiries from Aussie Seniors nationwide looking to rent out their spare space. “Grey Nomads” (seniors that travel in Caravans or Motorhomes) have been particularly active on the site. They are either offering their spare or vacant space for people to store their possessions or are looking for short to medium term storage space to store their vans. It seems to work both ways for our seniors….Those with space can easily earn a couple of hundred dollars a month and those looking for space can often find a cheaper and more convenient storage solution”.
The Census of Population and Housing (2009) highlighted that approx 80% of Australians over 65 own their home outright. Therefore, a spare room, a shed, an unused garage, or parking space, wasted space under their house, or even an empty wardrobe can all be easily harnessed to earn seniors an extra regular passive income – literally turning thin air into income!
SpaceOut offers an entirely new type of service which provides Australian home and business owners with an opportunity to turn their spare space into a regular passive income. Homeowners simply list their unused space for rent at www.spaceout.com.au and people looking for space (SpaceSeekers) within a specific area can search to find which spaces are currently available. The easy to use search feature shows spaces that are currently available for rent on a map, making it easy to identify spaces in a local area.
Feedback from seniors has been overwhelmingly positive with most declaring “what a great idea it is. With thousands of members Australia wide already, and growing fast, www.spaceout.com.au presents a great opportunity for ordinary Australians to make some extra cash with very little effort.
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It's never too late to retire
We find ourselves at the outset of a huge ‘Baby Boomer’ retirement rush and many of us worry about the quality of lifestyle we will be able to afford over the coming years. Especially, after years of hard work and in these economic times to face this uncertainty is very challenging. Often, it is now that we want to enjoy life to the fullest, but what choices do we really have other than to stay on the treadmill longer or start eating into our assets so we can afford a good lifestyle.
in Business, Social Work, Medical/ Nursing, Journalism, Teaching. Life skills are as valuable as professional or vocational skills. Now is the time to plan for Volunteer Vacations in Nov, Dec, Jan,Feb & March.
I came across this site and thought “wow, I am one of you”. Our generation shaped a new world that is sometimes puzzling since we weren't brought up with cellphones and computers.
I am a baby boomer! I was raised in Australia in coastal Sydney.
I recently published my second book called “Once I was a Teenager”. It’s about how life was in the 50s and 60s in Australia.
It’s a nostalgic book about how life was then. Such as our mother’s pithy sayings...”no nice man will marry you if (you eat with your mouth open)”, or “wait ‘til your father get’s home”, or “wear a clean pair of knickers when you go out. What if you are in a car accident!”
We are offspring of parents of WW2, and we have their values which puzzle our offspring.
This is a really funny book with a foreword by Little Pattie (who remembers that Aussie 60s teen singing sensation, who is still performing today?)
Often our children don’t ask how life was for us. Well, you will chuckle and reminisce with this book. Guaranteed. Little Pattie loves it. I give proceeds to an orphan charity, but would love to be in contact with you guys.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Marshall Perron's Open Letter on Euthanasia (thank you to On Line Opinion)
I believe there is an unrecognised phenomenon in Australia that should be of concern. I refer to the growing incidence of rational suicide by the elderly and the terminally and hopelessly ill. This letter is being sent to all state and Territory coroners to increase awareness of this important issue.
Australia has an ageing society. While lifespans are extending, death itself is increasingly the result of debilitating degenerative disease of mind and body. Medical advances provide for dwindling life to be sustained until medicos allow death to occur. Terminal sedation, the standard response for intractable symptoms, is common and considered undignified. Some people are determined to avoid spending their final months or years as a demented patient.
More and more Australians are rejecting this period of futile suffering and exercising autonomy over their own death. While many such suicides are understandable, I contend that some of them would at least be delayed, or even not eventuate at all, if the victims were able to seek and receive assistance to die from others.
A result of being denied assistance is that many of these deaths are unnecessarily premature, lonely and violent. Premature because the individual has to act while they have the physical and mental capacity. Lonely because the individual is aware that assisting a suicide is an offence and they do not want to implicate family or friends. Violent because they must use whatever means to die they can access. There is a high level of interest in learning how to die peacefully and importing illegal substances to achieve that aim.
I suspect you regularly receive reports of deaths where evidence indicates the individual was terminally or hopelessly ill and considered their life was (or will become) unbearable. Providing the person was competent and acted without coercion from others, the event can be considered to be a rational response to their circumstances.
The number of rational suicides known to individual coroners is certain to be only a fraction of those actually taking place. ABS and other institutions acknowledge that suicide is (and has always been) under- reported for a variety of reasons. One that is particularly relevant in cases where the individual is terminally ill is that death by inhaling inert gas is undetectable if the apparatus used is removed (illegally) before the body is 'discovered'. Death is recorded as being the result of natural causes and as such, not reportable to coroners. There is anecdotal evidence that such disguised deaths occur regularly in Australia.
What we do not know is the number of unsuccessful attempts at rational suicide; cases where the individual botched the process through inadequate investigation, preparation and/or failure of equipment. Having to act alone can be fraught with difficulties.
The vast majority of rational suicide cases are known only to the immediate family.The public, policy makers and politicians are blissfully unaware of the scale of the distress, and will remain so without the official watchdogs, coroners, exposing what is happening behind closed doors.
I contend that when investigating a suicide clearly related to voluntary euthanasia, a coroner should consider and report on whether he/she believed the person was motivated to kill themselves while they maintained the capacity to do so, and that in all probability, if they believed they could lawfully receive assistance to end their life at some later point in time, the person may well have deferred their decision to die. It would seem this evaluation and conclusion could be undertaken under the 'why' heading in the list of objectives of the coroner.
Additionally, in the case of a violent suicide (e.g. firearm, hanging etc.) the coroner could also consider whether the act would likely have been less violent and thereby lessen the anguish for family and others involved in the aftermath, if the person had lawful access to a more tranquil way to take their own life.
Reports of double suicides, murder suicide or attempts at such actions are occasionally reported but may not be infrequent. Where these appear to be motivated by fear of losing control over end of life decisions a coroner could, as a matter of public importance, consider recommendations that will help prevent or reduce future deaths of a similar kind. It is surely in the public interest that violent suicides are reduced and rational suicide delayed, even if they cannot be prevented.
Rational suicide exists, it is time we acknowledged it officially, defined it and quantified it.
I appeal to you to consider establishing guidelines that would reveal the numbers of euthanasia suicides and make recommendations to reduce the adverse effects. A starting point might be the adoption of a common definition of rational suicide or euthanasia suicide. Coroners could also recommend Parliament, Government or a Law Reform Commission review the law on assisted suicide considering the reality of rational suicide. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Self Employment- Diana Todd-Banks
Good morning Brian
You and I have communicated in the past, but I wanted to specifically congratulate you on your continued quest to assist Baby Boomers. I haven't looked at your site for a while but on viewing it on Saturday I wanted to say to you keep up your great positive work. Your site is lively and full of great information.
There's a good reason why I haven't been on your site as I've been involved in producing a training program that will not only benefit some baby boomers and beyond that age, but also will help them when they need help. It may well interest those on your list. http://estateorganizerpro.com
Rather than going into a dissertation here on the training program you might like to look at this site and if you're interested you might like to put a mention on your BONZA site. I will offer all your mailing recipients the early fee (regardless of dates,) and if any are interested they can always contact me direct: email@example.com
Re jobs / work for baby boomers being hard to find, yet being creative and reinventing oneself is certainly needed. You can see that by my website because I've had to do that too. www.dianatoddbanks.com
Frequently people find that hard to do and that holds them back. Over the last two years I've been coaching people near or in the baby boomer demographic. Reason - to help them re-twig their thinking to restart -- renew -- reshape their life and future ... anyway that's for another time.
Just a thought: on your BONZA site would it be feasible to create a section for those who are wanting to work (with their skills)? Then promote that section to the outside world. If any of that interests you and you need help let me know, I'll help you.
Cheers and keep up the great work.
Award Winning Best Selling Author Life Change Coach * Web TV Host * Speaker
I just read the story about your Mum and Dad and I swear to God it sounded like my Mum and Dad except Dad came from Scotland and stayed on farms. My Mum is still alive at 92 .
I am hearing similar stories from my generation, that life has got in the way of the dreams and ambitions- I am a Perth boomer (63yo) and 3 years ago I decided to take off to live that dream much against angry family members that thought I should be a good grandmother and settle down.
I am living the dream in California, am writing the book, dancing the jive, set up an amazing new business and reliving my youth with the wisdom and absolute confidence I have today
I have built a business to honour myself and offer support to my fellow Aussie boomers where they can come and live in America for one year in shared luxury accommodation with other boomers while studying acting which helps them create their new life because you get to know who you really are.
It also gives them the confidence to recreate their lives with the wisdom they have now, whether it is acting, studying to be a doctor, writing a book, starting a new business, getting fit and having better health through great diets and lifestyle, or it could even be just driving route 66, whatever they want to tick off on their bucket list, I am there to support them every step of the way.
The thing with Boomers is they just do it because they realize that they could be on borrowed time, no one knows when we are going to die so they will get so much out of it because they give it their all.
We are accredited with Homeland Security with 1-20 and offer M1 visas through the education of acting.
Slicing into inheritance - “give while living” - seems to be the done thing these days. But, how do we know what the future holds for baby boomers as they approach their business peak?
Lorraine Pirihi, specialist baby boomer coach, asks “How can we possibly know how much we will need to live a comfortable life in the future? These are all the questions that should be running over in our heads before digging into the wallet/purse. We know ourselves that business is unpredictable, and so is life,” she said.
“As parents we want to ensure our kids do not suffer or miss out, as we perhaps once did. This is what all us parents want – for our children to avoid hardship and prosper. But, sometimes in life, hardship is one of the driving mechanisms to a better and more fruitful future.”
Whether it is staying at home rent free to save money for a deposit on a house to borrowing when out of cash – children can treat baby boomer parents as an easy option – an endless flow of money instilling no sense of responsibility or work ethic. Lorraine said it is only natural, as a parent, to want to help financially. “But now days there are so many demands financially to help our children, starting with university,” she said.
“Once children leave high school, many are flocking to university to get an undergraduate degree followed by a year or two traveling the world. Then comes the master’s degree – finally followed by a low-paid internship.
“Then, if we look at the harsh lending requirements and increased rents, making it difficult to move into the “buying a house” market. Other ways in which we help financially is the buying of groceries, first car, new clothes, paying the deposit for rented accommodation – the list is endless, as you will know. But is it all necessary? What problems are we potentially creating?”
By being the easy option for our children it puts baby boomers’ future financial security at risk, without even knowing it at the time. This, in turn, can put strain on relationships too. It can also cause rift and jealousy between siblings and also set a precedence. What child one receives, child two, three or four will expect the same treatment, leaving the bank balance looking unhealthy but also, most importantly it will not teach your children how to be self-sufficient.
Lorraine said “Think of it this way - the more baby boomers give away the less we have for ourselves when it matters. And, although every parent on this planet will see right by their child, it is about finding the right balance and the fine line between helping out when it is needed and not just when its expected or because their friends have one.
For those baby boomers in business, financial providing for adult children can have a significant impact on their business. Lorraine said this is especially so if the man is the sole provider. “Remember we are dealing with a different generation, with different values towards family responsibility. Also when you are in your 50s and 60s, you are starting to think about winding down – how do you do that if you know you have to support your adult children?” she said.
“So many baby boomers I work with are tired, worn out and over it – their health is suffering and there is a grudging resentment towards everyone. They feel they have spent all their life providing and now they have to keep going. “The opportunity to finally do something for themselves is lost.”
So what does this mean for our kids?
Lorraine said if baby boomer parents keep giving it teaches their children bad money management. “It makes them dependant on you which will have a knock on effect in later life. They will not learn how to be self-sufficient, how to look after themselves or how to stand on their own two feet, or the real art to a great work ethic,” she said.
“How will they know what hard work really is if mum and dad keeping digging deep into the pockets? We have created a Peter Pan generation – young adults who know they have a fall back. Now that does not mean all baby boomer children are like this but in my work coaching baby boomers in business, it is a real concern.
“Whatever the reasoning behind us helping our children, prolonged support is squeezing, even the most affluent baby boomers are feeling the pinch.”