Your aging and retirement plan is your responsibility. - page 2.

Baki202

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Quote from: Mate2237 on May 03, 2024, 10:06:30 AM

I don't know how old you are and which of the work you are doing to plan for retirement, and you don't have to blame some people because the work they do might not for retirement, but for the immediate needs. And for someone to plan retirement he must do a job that pays him a huge amount and not a job of $100. The cost of things now is high so if retirement is planned then the person is civil servant working in government firm or office.

In addition, you must plan you retirement from the salary you are receiving. All Civil Servants like to save for their old age when they have retired from the work but along the line expenses cut them off or payment of debt would just eat all their salaries along the line. There are more expenses for a family man. School fees, feeds bills health etc. And if one plan his retirement upon all these challenges then he is good in management.

Any kind of job, as far as you are aging, you must have a retirement plan, except if you want to suffer when you retire and the whole plan must start before retirement because if you don't plan early age will catch with and when you want to start you might not find it very easy to start the preparation. and the retirement will be to have places inform of investment that will be remitting for you when ever you need money. and it might not be really jobs that pay huge money but even from the little you are earning you can make plans from that small payroll, if not that inflation is hitting everything then you can get a fixed account were you can save your money but inflation will just make it worthless so just invest the money instead of saving it. and truly paying bills have made everything difficult because the price of commodities in market have made everything worst and have made saving worthless. especially for does that are married I wonder how they usually survive with everything that in going with this hyper inflation.

jrrsparkles

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Quote from: jrrsparkles on May 03, 2024, 01:55:13 PM

People got their priorities, some started thinking of their retirement as early as possible and started saving/investing so they could be comfortable later meanwhile the economy situation is bad all around so people who got responsibilities are struggling to face the present itself so thinking about future is beyond their control for now, they are just going with the flow and expecting a miracle.

Of course everyone will think about their old age after being able to meet their current needs, because it is very difficult to be able to think about the future if we still cannot fulfill what we need now, so preparing for your future is of course very important so that we can live our old age in peace and don't need to worry about being able to meet our needs in old age, with difficult economic conditions of course requiring us to have several sources of income so that we can meet the needs we need and can also save and also invest about the future, because if we only have one source of income it will certainly be difficult to plan for our old age.

On paper it is simple, make more money so we can have better life but it's not simple as that people from some region doesn't even find enough money to meet their needs of 3 meals even working throughout the day which can be due to the economy of their country is in crisis or the region where they are located is not following any regulations set by the government like minimum wage per hour as such.

shinratensei_

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Quote from: jrrsparkles on May 03, 2024, 01:55:13 PM

People got their priorities, some started thinking of their retirement as early as possible and started saving/investing so they could be comfortable later meanwhile the economy situation is bad all around so people who got responsibilities are struggling to face the present itself so thinking about future is beyond their control for now, they are just going with the flow and expecting a miracle.

what I think more important is instead of being too fixated on saving up money for retirement we might as well try to increase the income, pump that number of source income up and we will eventually make it.
people too fixated on saving for retirement they forgot that if they willing to find another source of income, they could make their 30 year worth of saving just within 5 years probably if they are good enough in making more source income i mean to be fair its not easy at all to create an income source sometime it might eats up the capital and probably empty our banks in the effort of getting income higher but as long we understand risk management and only venturing into rather safer field such as investment then we could very well be making some good money despite not significant but its still a good increase in income eitherway.

i think thats what people need to understand, you wanna be rich you don't save, you increase your income through various sources of income.

Oasisman

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Quote from: jrrsparkles on May 03, 2024, 01:55:13 PM

People got their priorities, some started thinking of their retirement as early as possible and started saving/investing so they could be comfortable later meanwhile the economy situation is bad all around so people who got responsibilities are struggling to face the present itself so thinking about future is beyond their control for now, they are just going with the flow and expecting a miracle.

No matter how bad the economy or the government itself, It is not right to just wait and expect for miracle and opt to continue what you do without exerting more effort to learn something new and to be able to get yourself another source of income.
I don't care how the young people spend their money, because there are those who spend it on things they tend to enjoy like travelling, visiting beautiful places, and things like these that leaves a good memory because when we get older we might not going to have enough energy to do this things. These people are comfortable at spending without thinking about their retirement plans yet, simply because they know they have the capability to sustain at a latter part of their lives. Compared to the young people who just got contented with how little they have currently, expecting for miracles will only put them at an even worse financial situation.

erep

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Quote from: MissNonFall9 on May 06, 2024, 04:14:57 AM

Every man should plan for his living according to what he can afford or what income he has. If one's present normal life is being conducted very smoothly and nicely through his income, he should focus on saving or investing while thinking about the future. Since there is a stark difference between the past and the present days, and the investment sector is also different, Cryptocurrency or Bitcoin is a prominent investment field in the present days.

Whatever our current economic conditions, we must prepare savings based on the level of income from each job and we must have a strong determination to get out of the safe zone for the purpose of increasing income from other activities. The presence of cryptocurrency has changed many economic lives for the better from investment income, trading and airdrop activities, and others. So upgrade your knowledge to work hard at this age on cryptocurrency activities that are useful for increasing savings for old age, and all crypto income achievements must be invested in bitcoin based on the respective strategy for investing for retirees in old age.

Casdinyard

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Quote from: AVE5 on April 21, 2024, 07:43:56 AM

I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.

While I've come way too far thinking about this as I also goes around the towns and sees old people aging so helplessly as they're vulnerable, I fear not to be in such situations so then, I'm striving on making positive differences.
I've decided to have a diverse of my bitcoin investment for my retirement purpose.
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

I live in a country where talking about what would happen to your family when you die is a massive taboo, even weirder to talk about how they'd go on if you can't save something to them, in a manner of speaking this is just as similar as setting up a retirement plan, cause you're literally prepping yourself and your family for when you can't work anymore.

With that being said, This is why I always advocate to having a retirement/insurance plan. Knowing that you got your family even when you're not here anymore is one of the most assuring things you can do as a provider. And your kids, if you're planning to have any, is going to thank you for it too. I've seen one too many kids in my place alone grow up resenting their parents cause they either died with nothing to give to them, not even a piece of advice or some shit, or they have grown resentful because they didn't prepare for when they are finally retiring, and are highly dependent upon the income of their kids who are also planning to have a life ahead of them like idk, normal human beings.

So do yourself a favor, and do your family as favor, prepare for the day you die, your family will thank you for it.

MissNonFall9

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Quote from: qwertyup23 on May 03, 2024, 12:36:34 PM

Quote from: peter0425 on April 21, 2024, 08:36:27 AM

Unfortunately sometimes I feel like I know a lot of people like this too.

They just get old with no particular plan in life. They aren’t exactly struggling always but they are also not super rich but it seems like it’s just that they don’t care anymore or they have given up already. Either way that is the reason why I think we should start as early as possible to invest for our futures.

I somehow feel guilty after reading this post.

I currently live in a country where job opportunities are considered a luxury. Given the number of competition plus the lack of any government support for job creation, the priorities of our citizens are shifted towards getting a stable and consistent job. Any kind of financial savings (e.g. retirement plan, investments, etc.) are considered a luxury that most probably be prioritized in the far future. The goal first is to secure a consistent flow of income and any kind of retirement plans will come after that.

With this kind of condition, I feel very blessed to discover cryptocurrencies at a relatively young age. I quickly understood its potentials and on what it can do that may benefit me either in the near or far future depending on the price of BTCs.

I just hope that the government would cooperate in providing the best opportunities for our citizens in order for them to start building a mindset of saving for retirement and other investment luxuries.

Every man should plan for his living according to what he can afford or what income he has. If one's present normal life is being conducted very smoothly and nicely through his income, he should focus on saving or investing while thinking about the future. Since there is a stark difference between the past and the present days, and the investment sector is also different, Cryptocurrency or Bitcoin is a prominent investment field in the present days.

jrrsparkles

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People got their priorities, some started thinking of their retirement as early as possible and started saving/investing so they could be comfortable later meanwhile the economy situation is bad all around so people who got responsibilities are struggling to face the present itself so thinking about future is beyond their control for now, they are just going with the flow and expecting a miracle.

macson

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Quote from: dezoel on May 03, 2024, 10:12:53 AM

Quote from: batang_bitcoin on April 30, 2024, 01:07:38 PM

snip

Yeah, even earning money wasn't as difficult back in the day as it is today. We often hear stories of our ancestors being very rich, having a lot of money in their prime but unfortunately, they didn't make good use of that money, they didn't buy lands, shops, houses, or gold and other important assets that they could store for their generations to come. The wealth they had, they couldn't extend it to their heirs and all of it went useless at the end.

When we hear such stories, we feel sad and bad because if they had done things differently, maybe we could be living a better life. However, nothing can be done about that, but as you said, we should at least make sure that our heirs don't have the same feelings that we do today. So we should make sure we are doing everything necessary to give them a better future if we can.

People in the past were actually not much different from people today, they had different thoughts, there were those who were intelligent, who were diligent in saving or just buying land and gold, there were those who were lazy about thinking about the future because they felt that today's money was enough enough for today. If you have a poor grandmother even though you heard that your grandmother's mother was rich, then don't judge your grandmother, she must have a different education and thoughts, she must be because she has a rich mother.

Lanatsa

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Quote from: dezoel on May 03, 2024, 10:12:53 AM

Quote from: batang_bitcoin on April 30, 2024, 01:07:38 PM

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.

Yeah, even earning money wasn't as difficult back in the day as it is today. We often hear stories of our ancestors being very rich, having a lot of money in their prime but unfortunately, they didn't make good use of that money, they didn't buy lands, shops, houses, or gold and other important assets that they could store for their generations to come. The wealth they had, they couldn't extend it to their heirs and all of it went useless at the end.

When we hear such stories, we feel sad and bad because if they had done things differently, maybe we could be living a better life. However, nothing can be done about that, but as you said, we should at least make sure that our heirs don't have the same feelings that we do today. So we should make sure we are doing everything necessary to give them a better future if we can.

There's no way that we do able to know on whats up into their minds because for sure those ancestors might really be that thinking that they should cherish up the money that they do have on present and doesnt really mind about on the future years to come and would really be that focusing on what are the things that in front of them. If we do really be able to know about those history then it would really be giving out that kind of huge disappointment or something having those murmurs that if they should have done the right thing then we are indeed living a life which is far more better but just like on what you have said
that there's nothing we can do but to accept it out on whats we do have today.

For us who are really that getting old then it would really be just that right that you should really be focusing on how you would be making yourself that survive when you do get old.
Its not bad on minding your childrens future but not that putting 100% on which its just right that you do allocated a little bit for your future and with your wife.
We do get old and its just that right that we do have that kind of funding on the time it reaches that point.

qwertyup23

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Quote from: peter0425 on April 21, 2024, 08:36:27 AM

Unfortunately sometimes I feel like I know a lot of people like this too.

They just get old with no particular plan in life. They aren’t exactly struggling always but they are also not super rich but it seems like it’s just that they don’t care anymore or they have given up already. Either way that is the reason why I think we should start as early as possible to invest for our futures.

I somehow feel guilty after reading this post.

I currently live in a country where job opportunities are considered a luxury. Given the number of competition plus the lack of any government support for job creation, the priorities of our citizens are shifted towards getting a stable and consistent job. Any kind of financial savings (e.g. retirement plan, investments, etc.) are considered a luxury that most probably be prioritized in the far future. The goal first is to secure a consistent flow of income and any kind of retirement plans will come after that.

With this kind of condition, I feel very blessed to discover cryptocurrencies at a relatively young age. I quickly understood its potentials and on what it can do that may benefit me either in the near or far future depending on the price of BTCs.

I just hope that the government would cooperate in providing the best opportunities for our citizens in order for them to start building a mindset of saving for retirement and other investment luxuries.

batang_bitcoin

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Quote from: dezoel on May 03, 2024, 10:12:53 AM

Quote from: batang_bitcoin on April 30, 2024, 01:07:38 PM

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.

Yeah, even earning money wasn't as difficult back in the day as it is today. We often hear stories of our ancestors being very rich, having a lot of money in their prime but unfortunately, they didn't make good use of that money, they didn't buy lands, shops, houses, or gold and other important assets that they could store for their generations to come. The wealth they had, they couldn't extend it to their heirs and all of it went useless at the end.

That is so true, they're mostly rich before and the vast lands were like all of them and all they need to do is to put fence on it. I think with modernization, everything has changed a lot.

Quote from: dezoel on May 03, 2024, 10:12:53 AM

When we hear such stories, we feel sad and bad because if they had done things differently, maybe we could be living a better life. However, nothing can be done about that, but as you said, we should at least make sure that our heirs don't have the same feelings that we do today. So we should make sure we are doing everything necessary to give them a better future if we can.

From that generation, there have been a lot of them that have thought about their next-in-line generations and that's why they've saved up and kept their wealth for their children's children.

dezoel

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Quote from: batang_bitcoin on April 30, 2024, 01:07:38 PM

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.

Yeah, even earning money wasn't as difficult back in the day as it is today. We often hear stories of our ancestors being very rich, having a lot of money in their prime but unfortunately, they didn't make good use of that money, they didn't buy lands, shops, houses, or gold and other important assets that they could store for their generations to come. The wealth they had, they couldn't extend it to their heirs and all of it went useless at the end.

When we hear such stories, we feel sad and bad because if they had done things differently, maybe we could be living a better life. However, nothing can be done about that, but as you said, we should at least make sure that our heirs don't have the same feelings that we do today. So we should make sure we are doing everything necessary to give them a better future if we can.

Mate2237

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I don't know how old you are and which of the work you are doing to plan for retirement, and you don't have to blame some people because the work they do might not for retirement, but for the immediate needs. And for someone to plan retirement he must do a job that pays him a huge amount and not a job of $100. The cost of things now is high so if retirement is planned then the person is civil servant working in government firm or office.

In addition, you must plan you retirement from the salary you are receiving. All Civil Servants like to save for their old age when they have retired from the work but along the line expenses cut them off or payment of debt would just eat all their salaries along the line. There are more expenses for a family man. School fees, feeds bills health etc. And if one plan his retirement upon all these challenges then he is good in management.

CageMabok

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Quote from: MissNonFall9 on May 03, 2024, 07:06:13 AM

Generational knowledge that creates many differences in our values. And the environmental differences between the two generations are huge. Hence, decisions about aging or retirement planning are not the same due to the gap and environmental differences between the two generations. That is, as you say their environment was much simpler and not as toxic as the current environment so it is natural to expect differences in economic planning. And we will learn from their lives and build our future according to our plan and how to correct all the mistakes in their life should also be included in the plan.

The differences in making plans to organize life in old age will not always be the same between one generation and another. Because with each generation there are definitely new things they discover in their lives, which always creates differences in making any decisions to get a better economy for themselves. Environmental influences can also make economic planning different between the previous generation and the current generation, because every time there is new knowledge that is considered better than what people have done before, it will still be used in the lives of the current generation.

Bitco55

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I really do look at how the last generation believes in the retirement plan made by their government. Funny how a lot of people nowadays still believe in stuff like that. Do you know how nice and convenient it'll be if you focus just 10 years in your life on work, in that time build a lot of assets and retire at a young age? Retirement doesn't mean you're totally living on the money you've made or saved it's living on your assets .. and investing every single time you get the opportunity.

It really is sad that people still want to work for the government just cause of a retirement plan that they may not live to see. The same thing goes for assets that some people may not live to use. Try to enjoy every day as you prepare for the future so you don't miss the past or regret it.

MissNonFall9

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Quote from: batang_bitcoin on April 30, 2024, 01:07:38 PM

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.

Generational knowledge that creates many differences in our values. And the environmental differences between the two generations are huge. Hence, decisions about aging or retirement planning are not the same due to the gap and environmental differences between the two generations. That is, as you say their environment was much simpler and not as toxic as the current environment so it is natural to expect differences in economic planning. And we will learn from their lives and build our future according to our plan and how to correct all the mistakes in their life should also be included in the plan.

AVE5

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Quote from: DubemIfedigbo001 on April 24, 2024, 05:10:17 PM

If there is something I fear so much, it is not being able to do the things that matter to me because of financial constraints or overly busy schedules. I believe in proper planning and most especially planning ahead of time, I plan sometimes for six months ahead, funny as it may sound, I'm already saving little by little for my December celebrations. I love meaningful investments and I believe in investing wisely to cater for a later time. Old age is a blessing to whoever plans properly for it and a curse to those that neglected preparations for its coming. The reality that a time will come when my bones would not be so strong to carry out strenuous, stressful and mentally engaging activities that I undertake now prompts me to have some diversified profitable investments that will take care of me at the long run.

Everything should not be left for the government alone, its time people started taking full responsibility of their laterdays and prepare adequately, so that if government delays in their compliance, or none coming forth, you can live a normal, healthy and fulfilled life as a senior citizen

So much points to rest upon in cordial to why we must put our future and retirement old age in considerations in earlier on While we're still strong, hail and hearten.
If only we can imagine the hard time of living on how we struggles to make life living in the young age, let's then imagine how old age would be at the period of time our organs would be so weak and our mentality will be so low that we can't be to fit in with the demands of stress to still keep the life going.
So While we take such awareness seriously, it'd aspire any individual to buckle up their aging plans.

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Quote from: Y3shot on May 01, 2024, 03:25:02 PM

Quote from: Volimack on April 29, 2024, 09:58:31 PM

Remember that retirement planning starts long before your retirement the general rule is that the sooner you start the better. Your potential amount of money which is necessary for your comfortable retirement is only up to you it may be a good idea to invest in bitcoin as it will provide you with good security during your free time. Saving some of your income by investing in bitcoin will double your savings and you can do whatever you want with your money in your spare time.

This is what people need to understand. Planing for the future is a responsibility that needs to be considered. Most people never think of their retirement, how it will be without having any investment. Most people believe that when they are retired their children that they trained will be their investment and they will be the one to take care of them. This is not a good plan, first when planning to get an investment for the retirement age, it makes one to plan and work very hard for the future. It is important never to Hope on anybody that they will be the one to come take care of you at old age because you can never predict the future, the people you are might be putting your hope on may not even do what you expecting them to do for you in the future because of circumstances.

Young or old, doesnt matter what age as long you are matured enough then it would really be always best that you should be thinking about the future. Dont make yourself that thinking about relying into something until on the time that you do get old on which it would really be something relevant and something that would really be recommended. We dont know on what the future holds and whether our children
would really be helping us out on the time that we do get old or not. As for you both husband and wife when do gets old then nothing beats out if you do have that kind of security in regarding about your future.
You cant really just that make yourself that too confident on where you are at now on where having savings and other that sources on which it leads out on having that kind of security even if you do get old.

Y3shot

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Quote from: Volimack on April 29, 2024, 09:58:31 PM

Remember that retirement planning starts long before your retirement the general rule is that the sooner you start the better. Your potential amount of money which is necessary for your comfortable retirement is only up to you it may be a good idea to invest in bitcoin as it will provide you with good security during your free time. Saving some of your income by investing in bitcoin will double your savings and you can do whatever you want with your money in your spare time.

This is what people need to understand. Planing for the future is a responsibility that needs to be considered. Most people never think of their retirement, how it will be without having any investment. Most people believe that when they are retired their children that they trained will be their investment and they will be the one to take care of them. This is not a good plan, first when planning to get an investment for the retirement age, it makes one to plan and work very hard for the future. It is important never to Hope on anybody that they will be the one to come take care of you at old age because you can never predict the future, the people you are might be putting your hope on may not even do what you expecting them to do for you in the future because of circumstances.

Topic: Your aging and retirement plan is your responsibility. - page 2. (Read 1500 times)