Topic: Your aging and retirement plan is your responsibility. - page 8. (Read 1489 times)

Honestly can we blame them though? these younger generation just still don't grasp some common sense such as if its too overpromising it might be a red flag after all they are still young and they just don't really know how finance works, some younger generation even thinks they could make a ton of money from trading alone meanwhile the experienced people knows that trading isn't as easy as many people have depicted and also most of the time to make big profit it also requires big capital.

but certainly some expert trader persona which are many of time aren't really an expert trader that likes to flex their sport car and luxurious real estate will definitely make the younger generation yearn for that and try whatever the success tips coming out from these influencer's mouth.
its overall just a game of whales eating shrimp and the younger generation don't even know about it, i can't blame them for falling into these traps. hopefully many people nowaday learn more since we've got easy access to resources these days.

Honestly what did you expect from a generation that grew up with social media?

There is so much hypocrisy and lies flashed in social media that everyone nowadays have normalized being fake and presenting a fake persona for the sake of appearing as though you have you life together but in reality a lot of these young kids do not know how to handle finances and would most likely end up without any savings nor retirement plans.

Nothing surprising, most of new generations are trapped into self pro claimed motivators' mouth. Most of them always suggest people to invest to get rich, while invest is actually the last step to increase/protect your wealth.

It start from internship > low paying job > minimum paid job > high paying job (specialist or middle scale business)

1. If someone choose to save from the money they earn from high paying job, they can't get rich, but at least they're above than average.

2. Grow the business become big > try to open a new branch on the other town > delegate your duty > congratulations you're already rich without need to invest. But if you choose to invest, then you will be a filthy rich.

From your post, I don't see you have any plans for your old age, what you might be thinking of is investing some money in bitcoin and thinking that it can help you earn some big money when you get old. But have you ever thought about the scenario where bitcoin will not increase in price in the future or will it become worthless as you get older? Anything can happen and if you really want to have a fulfilling old age then you need more than a plan to invest a small amount in bitcoin and expect it to make you rich.

Instill good values in your family from the start most especially to your kids so that they will grow mature having that right mindset, and teach them early about bitcoin as well so that you can assure that the legacy you have started will continue to exist.

I guess a lot of the people now have kept missing bitcoin opportunities, simply because they don’t see it as a potential investment due to their lack of knowledge and understanding about bitcoin. One thing that will soon be a future’s regret, because they fail to set their goals in life earlier and with that, they fail to secure their retirement soon that will lead them to struggle in their old age instead.

That's a great plan, and we all should worry about our aging/old age, even if we won't make it there, we still have to worry about that time and have to make proper arrangements, many people in the country are dependent on their child, as our religion teaches us we have to take care of our parents the same way they have took care of us when we were a child. So, obeying this teaching a lot of Muslims take good care of there parents but there are some people who disobey the teachings and do not take care of there parents in their old age.

But still parents have to think about there old age finance wise, as depending solely on Child funds is not advisable, those who have a good properties in heritance and have a govenerment job paying them pension, might not worry about the old age but still we have to make certain investments like you are making in BTC, which is the best investment, I prefer you to make DCA until you are earning. And when you make enough funds try to buy a land as well, because properties (land wise) and Assets are the best way to safe the old age finance.

Who determines what our future will be like, of course who else if not ourselves. And of course no one wants their retirement to be burdened with financial problems and shortages. Therefore, while you are still given health and opportunity, prepare everything well, start making plans and have financial freedom. And make as much money as possible, and let that money work for you through the investments you make. So that when you retire, you will no longer be worried about financial problems.

However, it is very unfortunate that there are some of them who still have the opinion that children are an investment, where they send their children to high school with the hope that when they graduate from college and get a bachelor's degree, the child will immediately work with a high salary. . While the parent is retiring, he is pinning his hopes and life on his children. Indeed, this is not completely wrong, because of course as a parent you want the best for your child's future, but you need to remember that your child will have their own life and responsibilities.

Even though what you say is right that everyone needs to plan for their future, I believe it's not carelessness that makes most people reluctant to make preparations for their future but some compulsions make them be that way. As said by some other fellow members earlier, economic situation in most countries is so bad that people are compelled to take loans and borrow money to fulfill the basic needs of their household because their salaries don't cover it all.

You can imagine and understand, if a person earns $300 a month and their monthly expenses are over $300, they wouldn't be able to save anything or make future plans because they aren't even able to do things properly in present due to inflation and other problems, they wouldn't be able to save or prepare for the future this way.

Unfortunately, many people do not consider their retirement and do not plan for it because they are sometimes shortsighted or do not even see themselves as people who will live to that extent, maybe based on their line of work or the kinds of risks that they are taking.

Planning for retirement is even more essential for people who are just mere employees working for either the private sector, where there is no pension entitlement, or the government sector. Life after retirement can hit hard when one realizes that they are no longer on payroll and maybe the pension they are receiving is not even sufficient.

If you cannot make plans for your retirement, there are companies that can help with that.

No one knows when we will die and we also don't know how old we will be healthy, therefore, to prepare from an early age, there must be a thorough plan regarding this matter, so that at any time there are productive efforts that we must have and can invest long term in this crypto world. We have to set aside a little so that in the future our children and grandchildren will also feel our help. Another thing is that you can also buy gold and land assets, today the price of gold has also gone up

I don't think that means they don't care enough about their future. Everyone has plans for how they can enjoy their old age in peace, everyone wants to have some savings and investments so that in the future they will no longer be confused by financial problems. However, in the midst of an economy that is not doing well. Don't just be able to have a lot of savings and investments, perhaps just being able to meet your daily needs will be quite difficult. The imbalance between income and expenditure is the main problem.

I just hope that the economic situation will return to normal, and prices will become affordable. So that everyone can fulfill their needs, and everyone can prepare well for their retirement period.

All I want is to not be transferred to a retirement home when I get old, and in order to achieve this, I would need to raise a family that would know the value of family and would have the resources to take care of me when the time comes. That's why i employ a lot of strategies and learn more about investments to aid me in this plan of mine. The problem with today's generation is that most are busy living in the moment, and have forgotten that there still lies a future ahead of them. There's nothing wrong in indulging in the present, but there's also nothing wrong in working for your future either. Most are contented in having 2 or 3 vacations a year without regard for their future.

Just imagine a generation who lived too much in the now that they forget to build for the future. A lot of old people would suffer the consequence of not preparing for their grey hairs because they wasted it all in their youth. Lots of investment opportunities are present nowadays, and it's not wrong to keep some of it and use it during retirement.

Totally situational because not all who arent that prepared are the ones might be suffering or experiencing those shortage and this is why they havent been able to planned up well in regarding about their retirement specially on a family which is on living on an average life or something that do really just that depend on monthly salary and having that not enough salary which it is really just that enough
for expending out into their kids needs and education or simply everything which turns out that they had forgotten on what are the priorities that they should really be setting out.
Well this is something not really that new, we cant really be always having to blame most people when it comes to this manner because we dont really know on what are their
conditions or situations which making up some conclusions is never been that right all the time.

We are responsible for our own lives. And I don't think we should depend on the government because our lives are our own, with retirement later we will be like what will also win how we do and run our own lives. If we really want a good future or a good retirement then the decision is up to each of us. I'm not sure our lives will be fine if we continue to depend on other people or the government.

Your retirement goal is good, because it is positive, as long as you do it right I think you can do it to prepare for the future that will indeed come.

Not that all this people you found pitiful on the street after retirement don’t plan for their retirement, it is just that most of them had the plan but the condition or state they find themselves in won’t warrant them to save for their retirement plan. When your income is less than your monthly it weekly expenditures depending on when you receive them, how can you save from your retirement from that money? You will continue to be hoping and praying to have an higher pay but all to no avail and every passing day is a day closer to your retirement, so it becomes very hard to save for that. No any excuse could convince some people to feel that retirement plans are not left unfulfilled on purpose, some just don’t have the means and they is enough excuse for that.

I feel different as I know a lot of people who do exactly the opposite. They try to save up their whole lives, have a retirement plan, but that plan can be described in just a few words and that is to have money in the bank without any ideas what to do with it. How much money? As much as possible. I know old people who died owning several real estate and lived in poor conditions, watching telly all day and eating cheap food. Live your lives guys, don't save too much. Most of you will not live past 70 so don't die not doing the things you love.

There are still many people who don't care about their old age thinking it's too long for them to plan for even the lower middle class never think about retirees who are there is how they improve financially better the rest they think about planning later.

Like I don't have funds for retirement yet because I am still managing my finances well and my income is not that big, I just focus a little on investing and when there is a more decent profit, it will be put into old age later, that is my plan.

Because it is still easy to think this is trivial even though what we feel later, there have been many incidents where old people were successful in their youth but wasted too much money as a result when they were old they had nothing.

Uncertainty in life is inevitable, no doubt, so you are right that people should prepare while they can before it's too late. However, we can't ignore the fact that some people aren't able to do it in the first place.

If a person is doing pretty well, they have everything they need in life and everything they have always wanted, they are living a luxurious life and spending money on everything they want to do, but they haven't done anything for their future, no savings, no investments, no assets built, nothing at all. Such people should be blamed for their carelessness.

But, if someone doesn't earn enough, is living a normal life, and has no money left by the end of the month, you can't blame them for not planning for their retirement or anything.

Most of the things we see happening around us now should be referred to our future,I mean while having elders,leaders and mentors around us,taking observation and been attentive to certain situations can be of so much advantage and guidance to us and helps us not to make the same mistakes continuously.

Learning from people's mistakes can expand and improve your knowledge pertaining to life's threatening challenges.We can learn from someone else's financial failure or mistake and still end up in the same hole as that person.An important factor of learning from someones mistake is how it can help you in the future;by changing your actions and decision in the future,and keeps you ahead of future torments and indecisions.

If you are talking investment in general then that would be better. Well, yes Bitcoin has the potential to be big in the future but given that it still laacks support from many countries I think you are putting that much of risk, given you are talking about retirement plan. It is a good thing you have investment plans but consider diversification, always, whether it is on cryptos, stock market, real estate, or whatsoever. Always diversify since you are speaking of longevity. Anything could happen and I'd prefer just to take advantage of this industry or technology while it exists, but not to have it as my 'endgame'. Well, I know how easy it is to say that you believe that much in Bitcoin and the likes but doing things on act is for sure different.Quite discriminative, but I get the idea. I'd say they are not simply not thinking about it but they lack the privilge and financial capability to engage on investments simply because they need to prioritize what's urgent. Indeed some people succeeds if they have the will to do it, but it doesn't work to all people especially people on third world countries on the mentioned social strata. Also, not all people who are rich are into crypto industry, so I guess it depends still on one's actions. We are all seeking for our best future in the first place.