What are your tips on how mid-career professionals (around age 50) who have had a career interruption (e.g., a layoff, time taken off to raise children,etc) can get to $1 million in wealth. Investing at 9% return can help but a business with no capital or experience, only courage and training in sales can help 50 yr old transition from a lost career to a business ownership.
Can you use Youtube to learn a tech or non-technical skill in less than an hour? Yes you can.
Should they start a side business? Yes, if they know successful people to follow with.
If so, what types of ventures pay off best and most quickly, with the least initial investment?
Should they change jobs, on the premise that this will lead to a bigger raise than they could get on their own–or will that generally
mean losing accrued benefits that outweigh the salary bump they might get? An 8-5 job cannot make one to be a millionaire.
Are there specific skills they can acquire quickly that make them more marketable, internally to their bosses and
to potential employers outside the firm? A highly networked person with good to outstanding communication skills is very important.
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