I keep hearing about people making tons of money becoming foreclosure consultants.
So, If you have any info or you have purchased a good course, please share. I’m retired and looking for a home based business that I can earn a decent income with.

Thanks,

In my profession (secondary education), it’s been well established that a private school teacher can double his or her salary overnight by taking a public teaching job. Never mind that the average test scores are lower among the public students when compared with those schooled privately (or at home). When one takes the time to use one’s brain, and considers how many more public teachers there are than private CEOs, this article makes perfect sense.

Furthermore, I can tell you with certainty there are public school principals that have shamelessly exploited the government system. One worked as a principal in two states, so upon his retirement he could collect two pensions. He pulls in over $200,000 a year as a retiree.

Government will bankrupt us yet (oh wait, they already have!).

They compare average salaries without considering the job being performed. They aren’t comparing what an average civil engineer working for the government makes relative to an average civil engineer working in private industry.

Compare like jobs and you’ll find that private industrty almost always pays SIGNIFICANTLY better than government positions. The catch is that there are a LOT more low-level jobs in the private sector than in the public.

I work in private industry. When I was looking for a job, I had offers private and public. The Federal Government’s offers were consistently at 50-60% of the offers from private industry in terms of wages. The benefits may have made up SOME of the difference, but not all.

And those benefits are often overblown.

My spouse works in the public sector. People are often complaining about their “over-generous pensions”. Never is it accurately reported that those pensions are funded largely through a mandatory 10% employee contribution. The remainder of the funding is equivalent to a 3% employer match and a guaranteed rate of return of a little over 7%.

In other words, their “over-generous pension” is equal to an AVERAGE corporate 401k with a guaranteed rate of return just barely over what municipal bonds are paying. Is that really overly generous? What happens if the employee dies young? The pension does not pass on to heirs. Wouldn’t the employee be better off with an average corporate 401k? Even if you invested in 1928 BEFORE the market crash and held on through this current bubble collapse, your average rate of return on the S&P 500 was WELL over that rate.

That is not an overly generous pension. That is a slush fund that the state raids to pay its current bills, only to complain later that there is no money to pay the pensions. How would you like it if your employer could raid your 401k anytime they felt like it?

BTW, Taylor Cal. is dead wrong about getting pension AND social security payments – because of the social security windfall provisions, this simply doesn’t happen. My spouse stands to get next to none of my future SS payments should I die young, or even of her own earned SS benefits because of her pension. On the other hand, were she not working at all, she WOULD get my SS benefits. How screwed up is that?

BTW – my private sector 401k match – FAR, FAR, FAR more generous than that pension. I don’t even have to average 7% rates of return. Heck, I only have to get just under 5% average rates of return for the same benefit. ANY decent bond fund will return that rate of return over the long haul. You could almost invest in nothing but 30 year treasuries and get that.