An individual who was a job owner will have to retire someday, and having to retire from his or her job does not mean the starting of his financial instability, an individual during retirement must also remain financially stable just as he was when he was a job owner. It is therefore expected and necessary for an individual to plan financially for retirement. What are your plans towards retirement?
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I am not a civil servant or employee of a private company so it is not possible to get a pension fund, so I need to build my own pension fund, especially an emergency fund, savings, insurance and investing. I hope to make passive income from investment returns. Currently I have invested in various tRead more
I am not a civil servant or employee of a private company so it is not possible to get a pension fund, so I need to build my own pension fund, especially an emergency fund, savings, insurance and investing. I hope to make passive income from investment returns. Currently I have invested in various types of investment instruments such as deposits, mutual funds, bonds, shares, crypto and residential property. I reinvested some of the returns from my investment (compounded) to be able to make bigger returns.
See lessI do not save hard cash, I have small savings that can pay my emergency bills or pay my expenses for 12 months if I lose my current income sources. However, I am investing money regularly. I am investing in multiple markets and multiple assets. After my retirement, return on investment will be my maRead more
I do not save hard cash, I have small savings that can pay my emergency bills or pay my expenses for 12 months if I lose my current income sources. However, I am investing money regularly. I am investing in multiple markets and multiple assets. After my retirement, return on investment will be my major income source. Since I plan on building substantial portfolios, I believe I will be financially stable when I retire.
See lessI will adhere to a financial stability plan after retirement to guarantee a comfortable future. This entails balancing my budget, paying down debt, increasing my retirement savings, and diversifying my investments. I'll also look into potential passive income streams and think about reducing my liviRead more
I will adhere to a financial stability plan after retirement to guarantee a comfortable future. This entails balancing my budget, paying down debt, increasing my retirement savings, and diversifying my investments. I’ll also look into potential passive income streams and think about reducing my living expenses. I want to retain financial security and take pleasure in a worry-free retirement by being proactive and obedient.
See lessAfter retirement, my financial stability plan involves ensuring a steady stream of passive income through investments in stocks, bonds, and real estate properties. I will also focus on minimizing expenses by downsizing my living arrangements and cutting unnecessary costs. Additionally, I plan to maiRead more
After retirement, my financial stability plan involves ensuring a steady stream of passive income through investments in stocks, bonds, and real estate properties. I will also focus on minimizing expenses by downsizing my living arrangements and cutting unnecessary costs. Additionally, I plan to maintain a diversified portfolio to protect against market volatility and unpredictable economic conditions. Lastly, I will regularly review and adjust my financial plan to adapt to changing circumstances and ensure long-term financial security.
See lessYes you're right, individual who is a job owner or civil servants will have to retire someday, therefore it's wisely to save toward our retirement. For me, I have my own financial stability plans which includes creating multiple income that will generate income on a daily basis. In other, investmentRead more
Yes you’re right, individual who is a job owner or civil servants will have to retire someday, therefore it’s wisely to save toward our retirement.
For me, I have my own financial stability plans which includes creating multiple income that will generate income on a daily basis.
In other, investment can also help, you can purchase in properties like land when the price is cheap, in the future the price will rise, it can as financial stability when selling.
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