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Reply to "Pros and cons of opening a cafe after retirement"
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[quote=Anonymous]Hobby/passion jobs rarely make money, and more often will predictably lose money while also consuming all of the owners' time and energy. Consider carefully what you hope to achieve with your ambition - pocket money, or a real income? A structured schedule to give you something to keep yourself busy with income being merely incidental? Further developing or building on a skill set you already have? Trying to build a real business which can expand and create significant wealth? You may find there are many alternatives which involve far less financial risk, e.g., if you don't like working in a retail store or in someone else's restaurant or cafe you can quit with no further obligation. Any business which requires an investment in furnishings and equipment and which ties you contractually to a lease and/or to service subscriptions is fraught with risk. Putting your savings into a potential financial black hole may not be the vision you have for a secure retirement.[/quote]
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